Addressing the Billions Underserved

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Publishers Merge in Adaptation to E-Reader Momentum

The year 2012 is witnessing the birth of a publishing giant as Pearson Plc (NYSE:$PSO), the parent of the renowned Penguin Books is joining forces with Germany based Bertelsmann AG’s Random House to create the largest book publisher in the English speaking world that will control more than a quarter of the total market share of the U.S. and U.K. Bertelsmann will hold 53% stake in the new joint venture called Penguin Random House while Pearson will take up the remaining 47%. The combined revenues of both the publishing houses last year was $3.9 billion.

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School’s Out

With much of the western world roiling in economic distress and unsure about the future, many have been left questioning old and trusted paradigms and wondering where the path forward is. One of these is the idea that if you went to school and got your degree that you would be able to get a good job and earn a good living.

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Peter Pham is an author, international fund manager, and a registered financial director by the Cayman Monetary Authority (CIMA). In 2013 he published his first book entitled, The Big Trade: Simple Strategies for Maximum Market Returns. He currently manages the portfolio of a global hedge fund and runs an asset management company, Phoenix Capital.  (read more)

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