Archive for the 'Economy' Category
‘Trillions of dollars worth of stock certificates and other paper securities that were stored in a vault in lower Manhattan may have suffered water damage’
November 4th, 2012[???] Via: CNN: Trillions of dollars worth of stock certificates and other paper securities that were stored in a vault in lower Manhattan may have suffered water damage from Superstorm Sandy. The Depository Trust & Clearing Corp., an industry-run clearing house for Wall Street, said the contents of its vault “are likely damaged,” after its […]
Panic to Sell Businesses Before Tax Increase
November 2nd, 2012Via: Wall Street Journal: A looming increase in the capital-gains tax rate next year is fueling sales of some privately-held businesses. Many business owners—mostly founders who could gain a lot from a sale—are looking to close deals before next year, when the maximum tax on investment income is scheduled to rise from 15% currently to […]
‘Given Tablets but No Teachers, Ethiopian Children Teach Themselves’
November 2nd, 2012“For to win one hundred victories in one hundred battles is not the acme of skill. To subdue the enemy without fighting is the acme of skill.” —Sun Tzu, The Art o War Update: Nicholas Negroponte Is the Brother of John Negroponte Reader DW tipped me off to something pretty remarkable that I hadn’t noticed […]
Why Germany Wants to See Its U.S. Gold
November 1st, 2012Via: Der Spiegel: For decades, almost half of Germany’s gold has been stored deep below the Federal Reserve Bank of New York. Now, with the euro crisis swirling, German politicians are asking their central bankers to take stock of the reserves. Some even say that the gold should be shipped home. Research Credit: cgroove69
Sweden Pays Jobless Youth to Move to Norway
November 1st, 2012Via: Telegraph: A Swedish town has taken to paying people to look for work in Norway in an attempt to reduce soaring youth unemployment. Under a scheme organised by the local authorities in the town of Soderhamn and by Sweden’s national employment office, anyone aged between 18 and 28 can volunteer to take a “Job […]
More Large Media Consolidation
October 31st, 2012Random House and Penguin Merge: Britain’s Pearson and Germany’s Bertelsmann plan to merge their publishers Penguin and Random House, aiming to gain the upper hand in their relationship with Amazon and Apple, the leaders in the ebook revolution. The Walt Disney Co. Acquires Lucasfilm: The Walt Disney Co. announced today that it’s agreed to acquire […]
Barclays Libor Case to Go to Trial
October 30th, 2012Via: Reuters: Barclays became the first bank to be ordered to stand trial in a British court over damages stemming from manipulation of the Libor interest rate after a High Court ruling on Monday. Guardian Care Homes, a residential care home operator based in Wolverhampton, is suing Barclays for up to 37 million pounds ($59 […]
Asiastralia
October 30th, 2012Via: Telegraph: All Australian schoolchildren will be able to learn an Asian language under an ambitious plan by Prime Minister Julia Gillard to prepare the nation for the “Asian Century”. Ms Gillard has committed to 25 far-reaching goals over the next 13 years designed to tighten links with Asia and ensure that Australians are able […]
Sandy: At Least 16 Deaths, 6.2 Million Without Power
October 30th, 2012Via: Chicago Tribune: Superstorm Sandy slammed into the New Jersey coastline with 80 mph winds Monday night and hurled an unprecedented 13-foot surge of seawater at New York City, flooding its tunnels, subway stations and the electrical system that powers Wall Street. At least 16 U.S. deaths were blamed on the storm, which brought the […]
SANDY: NYSE AND NASDAQ SHUT DOWN POSSIBLY UNTIL WEDNESDAY
October 29th, 2012Via: Los Angeles Times: As Hurricane Sandy barrels down on the East Coast, Wall Street is shutting down. The nation’s two biggest trading platforms — the New York Stock Exchange and the Nasdaq Stock Market — have both closed for business. They said trading might not get back to normal until Wednesday. This would be […]
