PayPal Will Be Spun Into Separate Company Next Year

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eBay is arguably the biggest online auction powerhouse and has been for quite a few years now. Back in 2002 it acquired internet payments giant PayPal for $1.5 billion. This move was seen as a way for eBay to increase the number of transactions being processed by PayPal through diversion of its users towards the payments service. Over a decade after the acquisition eBay has now formally confirmed that PayPal will be spun off into a separate company next year.

To ease this transition eBay CEO John Donahoe and CFO Bob Swan will remain onboard until next year. When the split between these two companies does happen and they emerge as separate entities they will be headed by Devin Wenig and Dan Schulman who will take over as CEO of eBay and PayPal respectively.

eBay expects this to happen in the middle of next year. The wheels for this separation were put in motion by activist investor Carl Icahn who started calling for this back in January, his alternative plan included selling off 20 percent of the company through an initial public offering.

The market seems to liked this decision as eBay’s shares rose over 9 percent after this announcement was made. It was a shift from the company’s position just months ago where it stated that the two businesses were better off together.

PayPal Will Be Spun Into Separate Company Next Year

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Google gives students unlimited cloud storage

Google’s invasion of our classrooms (and its war on paper) continues unabated. Back in August in the search giant released an online education tool for teachers who wanted to digitally manage their classes, and now it’s launched an improved version…

FCC unanimously rejects NFL's blackout rules

Well, that didn’t take long. We reported yesterday that the FCC was taking aim at sports blackout rules this week, and today the Commission voted to nix the “unnecessary and outdated regulations.” For nearly four decades, policies kept pay-TV…

Xiaomi Redmi 1: 60,000 Sold In 13.9 Seconds

xiaomi redmi1sXiaomi is certainly pretty good at their marketing tactics – after all, they tend to gloat about how many units of a particular device that they have sold in a matter of minutes, such as the MiPad. Well, this time around, the king of flash sales has done it again, and it would be the Xiaomi Redmi 1S smartphone that went on a flash sales in India, having shifted 60,000 units in a matter of 13.9 seconds in the world’s second most populous country, now how about that for a record?

The fact that Xiaomi is a brand from China has not seen anyone pull the brakes when it comes to picking up this handset, since this happens to be the most successful flash sale for the company in India to date. Previously, Xiaomi managed to sell 40,000 units of the Redmi 1S in a matter of 4.2 seconds, and prior to that, it took all of 2 seconds to snap up 15,000 Xiaomi Mi 3 units.

Would you prefer such a method of actually selling and advertising your product at the same time, or is the OnePlus method of receiving an invitation to pick up the device one which is more suited to you? To each his or her own, I guess.

Xiaomi Redmi 1: 60,000 Sold In 13.9 Seconds

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Samsung Embraces Microsoft Word

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Microsoft makes a very popular productivity suite known as Office, Word is an integral part of the suite as its the word processor. The Office suite and its various applications are not only used by individuals and students around the world they’re also used and appreciated by businesses both big and small. Now Redmond can add yet another big corporation to its list of clients. Samsung has decided to give up its own productivity software and embrace Microsoft Word with open arms.

This is a significant move to say the least since the company has been using its own office software for over two decades. Moreover this shift comes after Microsoft CEO Satya Nadella visited Korea and held meetings with Vice Chairman Lee Jae-Yong.

Samsung has confirmed that it will switch over to Microsoft Word starting January 1st, 2015. Universal compatibility is a reason that the company cites for this decision which sees it moving away from JungUm Global software, which was developed by the company itself.

There’s little doubt in the fact that such high level meetings would have been meant to clear the air between both companies following the patent related lawsuit that Microsoft filed against Samsung last month. This move could signal that things aren’t too bad between the companies.

Samsung and Microsofts talks were reportedly aimed at improving collaboration between the two companies, including increasing focus on areas such as connected devices and Internet of Things.

Samsung Embraces Microsoft Word

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Apple Watch Makes Public Appearance At Paris Fashion Week

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We reported yesterday that Apple had teamed up with a popular luxury retailer in Paris in order to provide an exclusive one-day experience. The invite hinted that it had something to do with the company’s recently unveiled smartwatch. Today in Paris the Apple Watch made its first public appearance as the town is gripped with Fashion Week. Many big names from the fashion industry were in attendance, and Apple brought out its big guns as well, design chief Jony Ive was present there too.

People weren’t actually allowed to take the Apple Watch for a spin but they could gawk at it to their heart’s content through a glass showcase. The event took place at Colette’s gallery on Rue Saint-Honoré in Paris this morning. Both 28mm and 42mm models of Apple Watch were put on display.

Some models from the Apple Watch Edition collection were on display, which tout 18-karat cold cases, while models from the Apple Watch Sport collection were in abundance. A select few journalists and personalities were allowed to actually wear the Apple Watch but the company made no new announcements, so there’s still no official comment on the battery life or the price of the gold model.

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Fashion figures such as Karl Lagerfeld and editor-in-chief of Vogue were present, as well as notable fashion journalists including Robbie Myers, the editor-in-chief of Elle magazine.

Apple Watch Makes Public Appearance At Paris Fashion Week

, original content from Ubergizmo. Read our Copyrights and terms of use.

Nothing Is Easy

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by guest blogger Renee James, humorist and blogger

Isaac Newton’s law of universal gravitation was right. At least, it feels like it was right. Because 17 years ago we took it into our heads to wallpaper our foyer, living room, and dining room, then continue up the stairs into the second-floor hallway and then up more stairs to our bedroom door at the top of the house. It went up. It looked lovely. Then.

But starting last weekend, that very same wallpaper paper that went up must now come down. It’s still mostly intact–a testament to our workmanship but more likely to the small fortune we invested in wallpaper paste at the time. (Yes, you read that right: in a moment of unchecked papering enthusiasm, we bought unpasted paper, which meant we had to brush paste onto each sheet beforehand. Even today, I can’t think about it without feeling a little sticky.)

Unlike everyone on HGTV, I redecorate my house every 17 years, whether it needs it or not. So there I was, peeling off paper and uncovering hundreds of square feet of paste and “backing,” brooding about the hours and hours of scrubbing and good old hard work that lay ahead. Mid-grumble, I noticed three scrawled signatures in pencil where each of my sons had “signed” a spot on the dining room wall before we papered over their names.

In 1997, my boys were 6, 6, and 7 and, apparently, in the midst of a Looney Toons phase because they included pictures of the “Bugs Bunny Fan Club,” whatever that was, and the Tasmanian Devil. I truly don’t remember them signing this wall. I do remember banishing them to the basement with rolls of contact paper, instructing them to “paper” those walls, so we could work without them underfoot.

In the midst of this endless task of peeling and scraping, and because I paused to stare at their names, my mind leapt to something two of my sons said a few weeks ago. After much contemplation and discussion, they declared the words of “House James” (a la Game of Thrones) to be, “Nothing Is Easy.”

Hmmm. I spent quite a bit of time brooding about that. Not exactly uplifting, is it? Why couldn’t our “house words” be something triumphant like “Claim your Destiny” or “Success Is Yours”? Or something positive and full of promise like “Love Above All!” or “The Future is Bright”? Or how about the words of Jimmy Carter, as he greeted each Monday morning while at the Naval Academy: “Another week in which to excel”?

Nope. Instead, we have “Nothing Is Easy.” How bleak! How depressing! My immediate reaction was to reword their phrase and reframe their meaning as follows: “Everything Is Difficult.” Or this, which illustrates the path of minimal resistance: “[Doing] nothing is easy.” When I confessed I was less than thrilled with the way they characterized their entire existence under our roof (and my “success” as their mother), they were not deterred. “It’s a good thing!” they protested. “It’s realistic! It means that working for something makes it more worthwhile!” They reminded me of the motto of the Navy Seals: “The only easy day is yesterday.”

Maybe. As I continued to tear away at the wallpaper, I started to get the feeling they were onto something.

My mistake was hearing words they didn’t say. “Nothing is easy” does not mean, “Everything is difficult.” It doesn’t mean you should choose to be idle because it’s really, really easy to do nothing. It does mean that life doesn’t come with an “effortless” guarantee. And if you approach it believing that everything–or almost everything–will require something of you, you’ll never be disappointed. In fact, you may get even more satisfaction than you would if something came too easily.

Back to my walls. I have five walls done: peeled, scraped, and scrubbed free of glue. Just 11 (!) more to go, and the paper will be gone; the walls will be clean and ready for the paint. I guarantee you I’ll spend hours staring at colors, coordinating them with carpets, and testing out samples on walls, and I will no doubt regret at least one shade the first time I see it in broad daylight.

So what have we learned? A couple of things: Wallpaper, while being attractive and enticing, will all but break your spirit when it’s time has come. Please, please consider this carefully as you page through those books of coordinating patterns. Paint, a reasonable choice, will always, always look darker on the wall at noontime every day and like a completely different color than the sample almost all the time. Why I fail to remember that from paint job to paint job and gallon to gallon I can’t explain.

And finally: Nothing–from your highest high to your lowest low–is easy. Still not entirely sure I’m on board with this statement as our family’s “credo,” but I’m warming up to it.

Renee-JamesRenee A. James works at Rodale Inc. and also wrote an award-winning op-ed column for The Morning Call, the Allentown, PA, newspaper, for almost 10 years. Her essays were included in the humor anthology, 101 Damnations: A Humorists’ Tour of Personal Hells (Thomas Dunne Books, 2002), and are also found online at Jewish World Review and The Daily Caller. She invites you to Like her Facebook page, where she celebrates–and broods about–life on a regular basis, mostly as a voice in the crowd that shouts, “Really? You’re kidding me, right?” (or wants to, anyway), and she welcomes your suggestions, comments, and feedback to the mix.

For more from Maria Rodale, visit www.mariasfarmcountrykitchen.com

What Makes Art Sell? 10 Questions That Establish the Value of a Painting

Two years ago a version of Edvard Munch’s The Scream fetched $120 million at auction. Last year a Francis Bacon portrait reached $143 million. To the outside world, the pricing of art is a mystery. Why does one work sell for $10,000, another for $1 million, and yet another for $100 million? I have drawn together various strands from my book Breakfast at Sotheby’s: An A-Z of the Art World (Published by The Overlook Press, October 2014) to formulate the 10 questions you need to answer to establish the value of a painting.

1. Is it authentic?

A fairly obvious question, I know, but there are degrees of authenticity. An out and out fake is of interest to no-one but the student of crime; but sometimes the possibility that an unsigned work in — say — Rembrandt’s style could be genuine gives it an extra romance and fantasy, and can up the price, even though its status remains unproven. Conversely you can buy a work that is attested by the relevant experts to be by Rembrandt and 10 years later find it has been downgraded by a new group of relevant experts to being the work of a follower. Financially this is a disappointing experience.

2. Is the artist fashionable?

Artists go in and out of fashion, but there are broader shifts in taste that affect the market. Forty years ago the highest prices were achieved by Old Masters. Today a lot of glamour and demand is focused on Modern and Contemporary art. Even ten years ago the highest auction price for Francis Bacon stood at $8.5m. In November one sold for $143 million.

3. How important is the artist in art history?

Some artists are eternal. It is hard to imagine art history ever downgrading the importance of Rembrandt or Rubens, Leonardo or Raphael, Picasso or Matisse. They will always be valuable. But in recent years artists such as the Surrealists and the German Expressionists have grown more expensive as their art historical importance has been re-assessed. Similarly, if the artist has just featured in a major exhibition at – say – the Tate, then that kind of high-profile exposure can also create a spike in their prices.

4. Does the artist have positive romantic baggage?

There is a back-story to artists’ lives that affects our appreciation of them and the works they produce, a romance made up of the glamour and myth of artistic creation. Other positives in an artist’s life story: unhappy love-affairs; close attachment to specific easy-on-the-eye ‘muses’; madness (but not illness, which buyers subliminally associate with a fall-off in quality); rebellious behavior and even spells in jail. Dying young is not a bad career move either. For example, quite apart from the art historical importance of Van Gogh and his significance as the originator of Expressionism, there is a tragic romance to his life that enhances his value to the collector both emotionally and financially.

5. Is the painting from a desirable phase in the artist’s development?

Some periods of an artist’s career are more desirable than others. Late Van Gogh is more expensive than his early work. A Renoir from the 1870s will be worth more than a late one. Any Picasso is desirable, but one from the early 1930s particularly so.

6. Is it typical?

The market prizes high recognisability. You want the Monet you have just splashed out on to be immediately obvious as a Monet to visitors to your drawing room. Thus a painting showing waterlilies or Rouen Cathedral will be more expensive than a less typical portrait or still life by the artist.

7. Has the painting got wall-power?

It’s important to assess if it’s got the impact that make people want to own it. This is a matter of factors such as composition, color (blue, and particularly red, tend to be good news), and emotional power. Surpassing artistic quality (difficult to define, but you know it when you see it) is always reflected positively in the price a work of art realizes, sometimes by an astonishing margin. A good example of an artist’s work may fetch $10,000; but a superlative one could spiral off the dial and make $100,000.

8. What’s its subject?

In traditional painting, some subjects are definitely more desirable than others: portraits of pretty women will always sell better than those of gloomy old men; sunny landscapes are more expensive than dark ones, and calm seas preferable to rough ones; animals and birds are generally more expensive if you can shoot them, but they should preferably be depicted alive because in general death in a painting is bad news.

Nudes, provided the models are beautiful, sell well (but they can be difficult for some Islamic buyers, an important consideration in today’s market). Biblical subjects are out of fashion. But a major work by a great master has the capacity to transcend all rules. In 2004 Sotheby’s sold a Rubens of The Massacre of the Innocents. As a scene of mass infanticide it was not immediately promising material, but it made $75 million.

9. Is it in good condition?

Paintings suffer and age over time, some more than others. Like human beings, some are subjected to cosmetic surgery. Where this has been too extensive, the price of the painting will be affected, although — as with human beings — such judgments cannot always be made by the naked eye.

10. What’s its provenance?

The history of the painting itself can make a difference to its value: whose collection it’s been in, where it’s been exhibited, which dealers have handled it. A Cezanne from the great Paul Mellon collection is worth more than the same painting with an unspecified provenance. Conversely, the name of Field Marshal Goering in the list of previous owners of your picture — even if he came by it legally — isn’t necessarily a bonus.

Here's A View Of New York City You Don't See Every Day

The residential tower at 432 Park Avenue isn’t finished yet, but when it is, it’ll be the tallest apartment building in North America. It’s already the scene of an insanely daring stunt by two adventurers who decided to climb the Park Avenue skyscraper late one night.

According to Gizmodo, Demid Lebedev (aka Demidism), accompanied by his friend, scaled at least one thousand feet up the tower some time last week.

The photos were then uploaded to Instagram, and they’re guaranteed to give you chills:

This video also appears to have been taken from the top of the Park Avenue building:

It’s pretty clear that mortality isn’t a big deal for these self-proclaimed urban historians, who regularly climb atop tall buildings and dangle their feet over the facades, according to their social media accounts. You shouldn’t try this at home — and the act is probably illegal — but we’re glad these photos exist.

This isn’t the first time people have risked their lives for an insane shot. We’ve previously seen a Russian photographer who takes crazy selfies and daredevils who took an incredible video after jumping off One World Trade Center, just to name a few.

The New York Daily News reports that it isn’t immediately clear whether Lebedev and his co-hort will face charges. To see how Lebedev takes the photos, you can view a video here or keep up with his antics on Instagram.

We added bacon to peanut butter cups, making them even better

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There are very few things in life better than bacon and chocolate. And since you can’t actually eat the theme song to Teenage Mutant Ninja Turtles, I opted to combine the two next best things into a savory-sweet dynamo.

And while the duo does make a formidable marriage, the two strong flavors need a buffer. Rich, creamy peanut butter mellows out the smokiness of the bacon and offsets the sweetness of the chocolate. It’s so good, we almost enjoyed them as much as Michelangelo loved that sausage and jelly bean pizza. ALMOST.

More: A Bacon-Jalapeno Grilled Cheese, Made of Waffles That’re Made of Tater Tots

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Get the bacon peanut butter cups recipe on Thrillist!

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