A Project Syndicate article argues – correctly – that Brazil’s recent progress was not due to major improvements in its legal structure or security of contracts. More importantly, it diagnoses that these things will have to improve if we are to reach the “next level”. While infrastructure is also vital, again the Argentina example highlights security of contract as just as vital and sometimes forgotten.
A recent article by Jonah Lehrer shows how intelligent design helped change the game for the gambling industry. Challenging convention generated a new type of Vegas hotel that seems more successful than previous models. And this – an article with innovation, behavioral traps, money-making through independent and analytical thinking! – could mean “happy ending” for Buysiders.com readers if it wasn’t for one thing: it’s never this easy.
We publish a number of links on the Coty “indicated” $10 billion bid for Avon – that’s right, it’s not an actual hostile bid yet. Coty attempted a friendly approach three times and it decided to make its conditions public in an announcement. For us in Brazil, it’s a very interesting look at what could potentially happen here – “how” and “when” are still very unclear.