Herbalife Settles with the FTC

Herbalife agreed to pay a fine of $200 million and to restructure their business operations. According to the Federal Trade Commission Chairwoman Edith Remirez, the fine will be used to compensate the distributors who have suffered losses. The company will also pay their workers according to retail sales rather than on how many new sales people they recruit. In exchange Herbalife was able to avoid being labeled as a pyramid scheme. As a result of the ruling Herbalife’s stock shot up by over 14 percent.

 Herbalife branded car. Photo by: Philafrenzy

Herbalife branded car. Photo by: Philafrenzy

US Ambassador Says Turkish Coup Attempt Predictable

Ambassador to Turkey Nicholas Burns describes the attempted coup in Turkey. He explains that there has been a high level of distrust between that country’s military establishment and President Recep Tayyip Erdo?an. The military has a strong component who are secular Muslims, who are opposed to Erdo?an’s support of fundamentalist Islamists.
For more insights into the causes of the attempted coup, listen and watch.

Is the Tech Boom a Bust?

This video is a Bloomberg analysis of the data that seems to show that the high technology boom of the past several years. The main argument is that fewer and fewer high tech IPOs have come to market recently, heralding the end of the high tech boom of recent years.