Archive for the 'Economy' Category
‘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 […]
Doctors Call Tobacco Industry Terrorist Movement
October 29th, 2012This is interesting, coming from a group of people who think that cancer causing radiation is a viable way of treating cancer… While I find smoking to be a disgusting habit that I have personally seen ruin many lives, I wonder what other behaviors will be linked with “The Terrorists”? How about consuming raw dairy […]
Pennsylvania May Force Workers to Pay Taxes to Their Employers
October 28th, 2012Via: Raw Story: A bill that landed on Pennsylvania Gov. Tom Corbett’s (R) desk this week would give companies that hire more than 250 new workers a gobsmacking tax incentive: 95 percent of those workers’ state income taxes would be paid to the employer, and not the state. It’s a bizarre strategy meant to attract […]
