The AudioBook Guide

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Anil Ambani is an Indian businessman and chairman of Anil Dhirubhai Ambani Group also known as Reliance Group. He is a son of a famous Indian businessman Dhirubhai Ambani and younger brother of Mukesh Ambani who is chief of the Reliance Industry.

He owns many renowned companies such as Reliance Communication and Reliance Power. Reliance Group operates a business in many industries such as finance, power, and telecom.Anil Ambani was born on June 4, 1959, in Mumbai, India. His father’s name is Dhirubhai Ambani who is the founder of the Reliance Industry and his mother’s name is Kokilaben Ambani.

His elder brother’s name is Mukesh Ambani who is now Chief of Reliance Industries. Ambani completed his graduation from  Kishinchand Chellaram College and earned a Master’s Degree in business administration from Wharton School, University of Pennsylvania. Anil Ambani joined Reliance Industry in 1983 as a co-chief executive officer which is founded by her father.He is known for many innovations in the Indian financial market, some of leading India to overseas capital markets with international public offerings of global depositary receipts, convertibles, and bonds. Under the leadership of Anil Ambani Reliance Industry raised $2 Billion from the overseas financial market.

Ambani took the Reliance Group to new heights and Reliance is a leading company in textile, petrochemical, power, and communication. Anil Ambani was also elected a Member of Rajya Sabha as an independent member in 2004. Anil Ambani becomes a well-educated billionaire while some other billionaires are dropouts.

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Apple's vehicle project, focused on building an autonomous driving car. 

Starting in 2014, Apple began working on "Project Titan," with upwards of 1,000 employees working on developing an electric vehicle at a secret location near its Cupertino headquarters.

Over the course of the last several years, Internal strife, leadership issues, and other problems impacted the car project and 2016 rumors even suggested Apple shelved plans for a car, but Apple has overcome development problems and still plans to develop a consumer-facing car.

The Apple Car project has changed leadership several times and hundreds of employees have been laid off during the course of development, but it is now under the leadership of John Giannandrea, Apple's AI and machine learning chief, who took over the reins from Bob Mansfield after Mansfield retired in 2020.

Over the course of the last few years, rumors indicated Apple had shifted its focus to autonomous driving software, but Apple in August 2018 rehired Tesla engineer Doug Field, leading to speculation that Apple was again be exploring a car option.

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Ever since Amazon’s earnings call this past Tuesday, the business world has been abuzz with one Amazon story and one story alone: Jeff Bezos is stepping aside as CEO and transitioning to the new role of Executive Chair. That bombshell news completely overshadowed the company’s impressive performance in fourth quarter and for the year ending December 31, 2020.

Fourth-quarter revenues were up 44%, largely due to moving Prime Day to October, with year-end rising 38% to $386.1 billion in total revenues. Net product retail sales made up over half of that total, or $215.9 billion, with service sales making up the rest, $170.2 billion.

What other talk there’s been was around the company’s highly-profitable AWS business, generating nearly 60% of the company’s operating income. That’s because Andy Jassy, who leads that division, will take over as CEO in the third quarter.

Profitable it may be, but AWS is small in comparison to Amazon’s other businesses. It accounted for only about 12% of the company’s reported revenue in 2020 – $45.4 billion. However, CFO Brian T. Olsavsky described it as currently a $51 billion annualized run-rate business in the earnings call.

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Despite the improvement in the job market in the second half of 2020, there’s little doubt the situation remains uncertain as we move into 2021. While certain sectors of the economy are clearly improving, others are stagnating and some have seen an increase in layoffs. 

If you’re in one of those occupations that’s hit on hard times since the COVID-19 pandemic hit, or even if you aren’t, starting a side hustle may be your best long-term strategy for dealing with that uncertainty.

A side hustle can both provide additional cash flow for those who have experienced a decline in income, as well as act as a valuable backup plan if the future of your job is in doubt.

Ever since the pandemic hit, education has been in a state of flux. School-age children have been in school, attending school online from home, or combining both. In many cases, they’re even alternating back and forth between the two, depending on the level of COVID activity in the local school district.

The arrangement puts a greater burden on both teachers and parents. Teachers don’t have the capacity to provide as much one-on-one support for students, and parents may find themselves attempting to fill the gap with subject matter they know little about.

..................Listen to the podcast for more!

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In the dusty, windswept lands of Niger, there once stood a lonely acacia tree. Caravans passed beneath its spiky branches — the last stop before the endless sea of sand. Known as the Tree of Ténéré it was the only one for hundreds of miles — the loneliest tree on Earth.

But it was also a reminder of a long-forgotten time when the Sahara teemed with life. Beautifully painted prehistoric rock art tells of a panoply of hippos, rhinos, elephants, giraffes and antelopes. For millennia they thrived in a land of oceanic lakes and thundering rivers.

That was 6,000 years ago.Today, the Sahara is the largest warm desert on Earth, spreading from the Atlantic to the Red Sea — an area bigger than the continental US. And it’s advancing. For the communities that live in the Sahel — a thin strip of hope bordering the desert’s southern edge — livelihoods and futures are under an all-out assault.

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The after-school rush had just ended one weekday in the spring of 2015 when the phone rang at the Vanderbilt Avenue location of Ample Hills Creamery, the Brooklyn ice cream brand famous for its whimsical and elaborate flavors. Scooper Jason Smith answered the call, expecting to tell some customer what time they closed or that, yes, they still had Nonna D’s, a brown sugar cinnamon ice cream with oatmeal cookies. But it wasn’t just any customer, it was Oprah Winfrey, the kingmaker of modern media, calling to say how much she liked the company’s Ooey Gooey Butter Cake and Salted Crack’d Caramel.

Ample Hills was barely four years old, but even before Oprah called, it was clear the company had struck a chord. Ample Hills’ married co-founders Brian Smith (no relation to Jason) and Jackie Cuscuna, had opened their first shop in Brooklyn’s Prospect Heights neighborhood in 2011, and almost immediately sold out of 130 gallons of homemade ice cream. The musician (and known foodie) Questlove started coming by for sundaes. On warm summer days, lines stretched out the door, and seven employees would somehow manage to serve 100 customers an hour — nearly two a minute — pulling in some $9,000 a day.

Disney head Bob Iger also had become a fan, and by 2015 Ample Hills had earned itself the title of official ice cream of Disney’s Star Wars film franchise, with limited-edition flavors like Dark Side, an ultra-dark chocolate, and Light Side, a marshmallow base with cocoa crispies. (Later, it would also partner with Disney’s Marvel, releasing flavors such as Spider-Man, with swirls of cherry pie filling, a nod to Peter Parker’s favorite dessert.)

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early two weeks after the January 6 attack on the U.S. Capitol building that left five dead, including a law enforcement officer who was beaten to death by the mob, the New York Time Wondered why it was still possible to buy — on Amazon, no less — T-shirts emblazoned with slogans such as “Battle for Capitol Hill Veteran.” As if an insurrection was just another souvenir-worthy event.

It’s a troubling question. And as much as sedition merch sounds like dark satire, it’s worth taking seriously. The objects a culture produces and consumes can tell stories and reveal truths; the stuff we buy both reflects and projects what has meaning to us. Taking objects and consumer culture seriously is a theme I’ve pursued for years, as a columnist, author, teacher, and occasional talking head. And it’s in that spirit that we’re launching a new column, Object of the Week, that aims to plumb the zeitgeist by exploring who is consuming what and why. And given this fraught, tentative, surreal moment, it seems somehow perversely appropriate to start by looking at designed objects that seek to commemorate — and profit from — the attempted overthrow of the government.

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It's rare that stock market jargon makes its way into everyday conversation. But after a group of Reddit users manipulated the price of stocks such as GameStop, AMC and Blackberry, reaping huge gains overnight, it seems like everyone is talking about short selling and hedge funds. 

Some investors joined the action early enough to cash in big time on these so-called meme stocks. It's enough to tempt even the novice investors into dabbling in day trading, with hopes of pegging the next GameStop. But not only is this type of speculative trading extremely risky, it can also be expensive from a tax perspective. 

“Massive gains are great, but the recent trading frenzy is going to bring out a lot of short-term taxable gains, which have a much higher tax liability than the long-term capital gains many investors may be used to,” said Tony Molina, a certified public accountant and senior product specialist at Wealthfront, in a statement.

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While Jeff Bezos was building Amazon from a garage into one of the most powerful companies on earth and becoming the richest businessman of this age, the world knew very little about his wife. Even after their divorce last year, accompanied by a public affair scandal, thrust MacKenzie Scott into the spotlight, she remained a private and elusive figure. Now, Scott one of thr richest women in the world, a billionaire tens times over, announced in July that she was giving away $1.7 billion to a wide swath of nonprofits, from historically Black colleges to a crisis text line. The gift was stunning in scale and in approach: Scott was making a mark as a new kind of philanthropist.

With a gift of that size, Scott could’ve built a cancer center, had a museum wing named after her, made a college rededicate itself in her name. Or, like virtually every other person who’s made significant amounts of money from tech, she could’ve created an organization to dole out grants based on her notions about how best to fix social issues. She chose another route.

Scott gave 116 grants, all at once, with very few strings attached, to mostly small organizations. They didn’t have to hit metrics she named; they didn’t have to create programs she favored. She even refused thank you notes when nonprofits asked how they could show their gratitude. And she specifically chose organizations led by people with “lived experience,” as Scott put it: women leading women’s groups, people of color leading racial equity groups.

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It's hard to think back to the vision fund era today, given the oddities that 2020 has brought. But SoftBank's gravity bending investment vehicle only stopped investing last September, ending its disbursement of huge blocks of cash from a total committed capital pool worth nearly $99 billion. 

The Vision Fund was a wrecking ball, smashing into any company it chose with a big check and demands for rapid growth. By the time it was done investing, the first Vision Fund had deployed around $100 million every day of its existence. 

But even before SoftBank and eccentric leader Masayoshi Son were done cutting checks, things were going awry. that cropped up inside the portfolio in 2019, including layoffs at the overstuffed Wag, Uber’s lackluster IPO, turmoil at Brandless, the enormous WeWork IPO fiasco and its ensuing chaos, executive changes at Compass, layoffs at Fair and Katerra and OneConnect’s IPO fizzle. 

2020 picked up where 2019 had left off, with more issues at OYO, layoffs at Zume Pizza and some public flak for breaking terms sheets.

By this April, SoftBank admitted that it was on track to take stiff losses from its Vision Fund portfolio, which, when combined with other investing losses, pushed the company into a rare loss for the year.

And then things got better: SoftBank’s Vision Fund had a much better last six months than you probably guessed, and we need to understand why.