Archive for the 'Economy' Category
Tina Turner ‘To Become Swiss, Give up U.S. Passport’
January 27th, 2013Via: AFP: US pop legend Tina Turner, who has been living in Switzerland since 1995, will soon receive Swiss citizenship and will give up her US passport, Swiss media reported Friday. “I’m very happy in Switzerland and I feel at home here. … I cannot imagine a better place to live,” Turner told German language […]
China: Millions of People Getting Useless Degrees Wants Office Jobs that Don’t Exist
January 27th, 2013Wait until significant numbers of these men are unable to find wives and the option of working in the factories goes away… Via: New York Times: Jobs go begging in factories while many educated young workers are unemployed or underemployed. A national survey of urban residents, released this winter by a Chinese university, showed that […]
Sixty Percent of Children in Detroit Live in Poverty
January 26th, 2013Via: CBS Detroit: A new report from Data Driven Detroit reveals that in spite of the many families with kids that left Detroit between 2000 and 2010 — much of the city’s population still consists of children living in poverty. Sixty percent of children in Detroit live in poverty, per the “State of Detroit” report. […]
Antigua to Establish WTO Sanctioned Warez Site
January 26th, 2013Via: TorrentFreak: The Government of Antigua is planning to launch a website selling movies, music and software, without paying U.S. copyright holders. The Caribbean island is taking the unprecedented step because the United States refuses to lift a trade “blockade” preventing the island from offering Internet gambling services, despite several WTO decisions in Antigua’s favor. […]
Britain: Triple Dip Recession
January 25th, 2013Via: Telegraph: The UK economy shrank by 0.3pc in the final three months of last year, raising the prospect of a triple dip recession, as Britain’s manufacturers suffered their worst year since the financial crisis.
Bill Gates: The Better Than Cash Alliance
January 25th, 2013Via: Bloomberg: Billionaires are known for not keeping a lot of spending green in their wallets. But that’s not why Bill Gates hates cash. He hates it because of its effect on people at the opposite end of the wealth spectrum—the world’s poor and unbanked. The Better Than Cash Alliance, which was founded last September […]
‘Americans are as negative about the state of the country and its prospects going forward as they have been in more than three decades’
January 25th, 2013Via: Gallup: U.S. President Barack Obama begins his second term at a time when Americans are as negative about the state of the country and its prospects going forward as they have been in more than three decades. Fewer than four in 10 Americans (39%) rate the current status of the U.S. at the positive […]
Britain: Antibiotic-Resistant Diseases Pose ‘Apocalyptic’ Threat
January 24th, 2013Via: Guardian: Britain’s most senior medical adviser has warned MPs that the rise in drug-resistant diseases could trigger a national emergency comparable to a catastrophic terrorist attack, pandemic flu or major coastal flooding. Dame Sally Davies, the chief medical officer, said the threat from infections that are resistant to frontline antibiotics was so serious that […]
Jobs ‘Being Obliterated by Technology’
January 24th, 2013Via: AP: Five years after the start of the Great Recession, the toll is terrifyingly clear: Millions of middle-class jobs have been lost in developed countries the world over. And the situation is even worse than it appears. Most of the jobs will never return, and millions more are likely to vanish as well, say […]
Momentum Machines Robots Will Prepare Hamburgers, Eliminate Fast Food Jobs
January 23rd, 2013Via: The National: Funded by San Francisco’s Lemnos Labs, it has developed a robot designed to take the place of humans in burger restaurants. Its creators believe their patty-flipping Alpha robot could save the fast-food industry in the United States about US$9 billion a year. Designed to entirely replace two to three full-time kitchen staff, […]
