"Relatively few people should start companies," Reid Hoffman says bluntly. And he should know. As a co-founder of popular social networking website LinkedIn and an influential Silicon Valley angel investor, he has engineered several startup success stories — and now he has distilled his business wisdom into a book, The Start-up of You: Adapt to the Future, Invest in Yourself, and Transform Your Career.
Chinese authorities are pulling iPads from store shelves after a Chinese company complained that it owns the name "iPad." According to The Wall Street Journal, the action comes after Proview (Shenzhen), a Chinese affiliate of Hong Kong manufacturer Proview International Holdings Ltd., filed for an injunction against Apple.
The Journal adds that Proview (Shenzhen) registered the name "iPad" in 2001. The paper adds:
Presidential candidate Mitt Romney made news when he disclosed he had a Swiss bank account. Many affluent Americans do. Now, an AP writer has assembled a step-by-step guide on how you too can stash a million dollars offshore. Step four is choose a country. Switzerland isn't your only choice. Hong Kong is popular too. Step two is decide whether to tell the IRS. But the toughest part is still step one - get a million dollars.
There was one little-noticed part of this week's announcement about the $25 billion national mortgage settlement. North Carolina's banking commissioner, Joseph Smith Jr., will take over a new role and serve as independent monitor. He'll oversee the five banks which agreed to new mortgage loan servicing and foreclosure standards.
Well, every single state in the country will get a piece of that $26 billion to help troubled homeowners keep their homes, every single state except Oklahoma. The attorney general in Oklahoma decided to opt out of the multistate settlement to hold banks accountable for questionable lending and foreclosure practices.
Scott Pruitt is Oklahoma's attorney general, and he joins me now on the line. Attorney General, welcome.