Wealth gap between young and old

A data collected via a census states that the typical person aged 65 in America is 47 times more wealthy than a typical 35 year old.

That is a rather shocking figure. It could mean that the younger generation are not as prudent as the older ones. However, it might not be a bad thing for they probably have a better overall quality of life by spending more on luxury goods living not much left for savings.

This could potentially also be a problem as it further states that the median younger households has a net worth of only $3,662. Could this be a sign of a repeat in history?

7-Eleven day

For those who do not know about it, every year on the 7th of November, you could get a free slurpee. How does it work?

You just walk into any 7-Eleven store and say "happy 7-Eleven day". I believe it should be that phrase but might be mistaken. =)

For today, it has ended for it is past 11pm.

Oligopoly : Coles and Woolworths (Australia)

An oligopoly is a market where a small number of sellers dominate.

In Australia, it is clear that the supermarkets are an oligopolistic market. Coles and Woolworths clearly control a huge market share of the Australian market.

Another factor that further confirms this is that when Coles or Woolworths decreases their prices or have promotions, the other will follow suit. This is because with the higher price, it is bound to lose some market share to the competitor.

A recent scenario is where Woolworths offers a 10 cents off petrol prices per litre whenever you shop over a certain amount at Woolworths and spend at an affiliated petrol station. Soon after Coles follow suit.

Quotes : Steve Jobs

You can't connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future. You have to trust in something - your gut, destiny, life, karma, whatever. This approach has never let me down, and it has made all the difference in my life.

Iphone 4S

Apparently the 4S with its biggest feature "siri" the voice recognition tool does not recognise chinese.

So it looks like Apple must improve their game to capture the world's most populous nation or face a loss of market share to any competitor that takes on the challenge to better them.

Qantas

It looks like the CEO of Qantas is someone who has a vision. Even though there is a disruption in services for a few days, it is a small price to pay for the survival of the firm. He is making the company globally competitive to be able to survive long term.

Melbourne Cup

The race that stops the nation is a big day for all Australians. It is a holiday for all, a betting holiday to be more precise. Many Australians bet on the horses in hopes to get a good payout.

Besides that, the retail industry does prosper as well because people go out and dress to the nines to impress during the races, even if they are going for a house party.

What caught my attention was how close the first and second horses were (Dunedan and Red Cadeaux). Perhaps this race has caused some hearts to stop.