Showing posts with label invest. Show all posts
Showing posts with label invest. Show all posts

Hazel Bishop's Long Lasting Lipsick

It was during the Depression. The world seemed to be coming to an end - the worst financial crisis the world had ever seen. Yet, out there, someone was thinking of the future. Hazel Bishop had a dream of setting up her own successful business. And she had ideas!
Hazel Bishop lipstick
The lady had to end her studies because she had no money to pay for a higher degree. Her only asset was a bachelors degree in chemistry. This was enough, however. At the time the makeup market was sown up by large companies who blocked access to newcomers. Hazel could see no barriers. She set about experimenting with different ingredients for lipstick.

The old joke of a man kissing a woman then going home to his wife who could see the smear of lipstick on his face was doing the rounds - a real "found out" joke. It was common knowledge at the time that bromo acids stained the lips, the drawback being that the acid peeled the top layer of skins off.

Hazel searched for an additive which would prevent this. It took her twenty years to stumble upon lanolin. This moisturiser stopped the peeling skin if bromo acid was kept very low. Voile! She had the new revolutionary product. Getting a loan from Barnard College she started her business. In the first year she made $69,000, quite a respectable sum in those days. Four years later she was turning over 10 million.

Unfortunately, her business partner, a marketer, was much smarter in business than Hazel. He quietly gobbled up most of the stock thus freezing the inventor out. A court settlement was a measly $408,000 and loss of the business.

Long lasting lipstick is still here today. Hazel Bishop made her mark in regard to inventing. Her business career did not go so well. We see this story many times. An intelligent inventor needs a trustworthy business savvy partner to succeed in the market.
◆ Chemistry by Ty Buchanan ◆
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            Australian Blog ★  Adventure Australia
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WILL NOT GET CAUGHT LIPSTICK
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#lipstick   #hazel   #bishop   #invent   #chemistry   #market   #business   #marketing  
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Bullet Train for Australia - Not Yet!

Australia has always wanted a high speed train. The problem is there are great distances to travel and a complete rebuild of tracks will have to be done.  Like roads in Australia there is not the money to put down a decent foundation for them like they do in Europe where people live close together.
Bullet train for australia
If it was to be done the first location would be from Melbourne to Sydney.  That is where most choose to travel for vacation and business.  Governments of both political persuasions have set up inquiries then rejected the findings in the past.

Some are saying that with the economic downturn investment in a bullet train would create jobs.  The real problem is who is going to pay for it?' Victoria and NSW say that the federal government should pay.  A joint investment program will be needed, however.

◆ Health by Ty Buchanan ◆
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bullet train victoria nsw federal government cost train link states investment money
#technology   #bullet #train   #bullettrain   #nsw   #victoria   #australia  #investment
OTTER PLAY
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Future Fund Invests in Tobacco

Hypocrisy reigns. The Australian Government is bringing in extremely tough smoking laws, yet investment in tobacco companies is seen to be alright.

In 2006 the then Coalition Government set up a future fund. Its goals were to fund future costs of pensions for public servants, judges and so on. A look at the books as shown that the fund's managers deem holding shares in 14 tobacco companies to be a good thing. They obviously don't think the Government's actions to ban tobacco firms from putting their name on cigarette packets will lead to a fall in profit nor affect secure future operations.

Tobacco investment is only 0.5 per cent of total investment. However, it is unethical and it goes against Government policy. While making the highest return is written into fund guidelines, the body is supposed to be monitored by the Treasurer. There seems to be a difference of opinion between the Prime Minister and Treasurer. The Prime Minister fully supports the name and logo ban initiative, but the Treasurer said, "...the Future Fund takes its investment decisions at arms length of the government."
~~~~~Politics~~~~~
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