Gina Rinehart, Australia’s richest person, is back in the news for doubling her personal fortune to more than $20 billion last week — a move that brings her closer to becoming the world’s wealthiest woman. But Rinehart, who hates the attention her fast-growing wealth has garnered, isn’t your usual, polished billionaire (a […]
by Michael Posner From Saturday’s Globe and Mail first Published Friday, Nov. 04, 2011 On the cover of historian Niall Ferguson’s new book, Civilization: The West and the Rest, is a photograph of a gold-filigreed, antique French mantel clock lying on its side. Mr. Ferguson’s implication is clear: Like France’s […]
NEW YORK (CNNMoney) — Apple’s value on the stock market briefly rose to $400 billion on Thursday, a record high for what was already the world’s most valuable technology company. The company’s market cap slipped below the $400 billion mark by midday as Apple’s (AAPL, Fortune 500) stock fell back […]
Larry Elliott, economics editor The Guardian, Wednesday 18 January 2012 “An escalation of the crisis would spare no one,” said Andrew Burns, manager of global macroeconomics at the World bank and the report’s author. “Developed and developing country growth rates could fall by as much or more than in 2008-09. The importance of […]
http://platform.twitter.com/widgets/hub.1326407570.html(Reuters) – Industrial output rose in December as manufacturing rebounded at its strongest pace in a year, further evidence the economy ended 2011 on a firmer footing. Other data on Wednesday showed inflation pressures remained in check, with wholesale prices slipping last month, which should give the Federal Reserve room […]
Courtesy The Daily Telegraph: The European Commission has launched legal action against Hungary’s Fidesz government for violations of European Union treaty law and erosion of democracy, marking a dramatic escalation […]
There’s been a societal backlash against 20 and 30-somethings returning home when they can’t find a job after college. Pundits endlessly debate whether this is a societal, economic or generational issue, but according to Johns Hopkins professor Katherine Newman, the “accordion” or multigenerational family is all of the above. Waving […]
Another paper from Harvard happiness expert Daniel Gilbert (author of the bestseller Stumbling on Happiness) spells out 8 ways we can spend our money to increase happiness: (1) “Buy more experiences and fewer material goods.” This means more amusement parks and vacations. Fewer cars and new TV’s: Asked which of the […]
http://platform.twitter.com/widgets/hub.1326407570.html(Reuters) – When President Barack Obama unveils his annual budget next month, the blueprint will reveal a lot about his re-election strategy but probably little about the spending and tax policies the Congress will adopt in the coming year. Obama’s budget for the 2013 fiscal year will be declared “dead […]
Courtesy The Daily Telegraph: The EFSF, which is tasked with supporting indebted countries, was itself hobbled as S&P gave it a AA+ rating, reflecting the downgrade of France and eight […]
As one of the many outgrowths of the sweeping federal health care law, health insurers and employers must now pay the cost of screening children for obesity and providing them with appropriate counseling. With about one in three children in the United States obese or overweight, according to government statistics, […]
Rfi France. Europe was plunged into crisis again and the French government was on the defensive after the Standard & Poor’s agency stripped France and Austria of their […]
Beware of bubbles of false hope. Right now there is a lot of talk about how the U.S. economy is improving, but it is all a lie. The mainstream media can be very seductive. When you sit down to watch television your brain tends to go into a very relaxed […]
http://pix04.revsci.net/H07707/b3/0/3/0806180/469208998.js?D=DM_LOC%3Dhttp%253A%252F%252Fwww.themuslimtimes.org%252Fwp-admin%252Fpost-new.php%26DM_CAT%3DNYTimesglobal%2520%253E%2520General%26DM_EOM%3D1&C=H07707PARIS — Standard & Poor’s downgraded the credit ratings of France, Italy and seven other European countries on Friday, a move that may have more symbolic than fundamental financial impact but served as a reminder that Europe’s economic woes were far from over. Another memory jog came Friday from Greece, […]
Economists on Wall Street are out with their recommendations for 2012. A few have come out with calls for 2015. But one, HSBC, is out with a call for 2050. “The World in 2050,” a new report by HSBC economist Karen Ward, forecasts the economic prowess of the 100 largest economies. Of […]
By GHAZANFAR ALI KHAN I ARAB NEWS RIYADH: A Nobel laureate has supported Prince Talal’s idea to create a special bank for poor Saudi citizens at a symposium in Riyadh […]
Source: RT.com http://on.rt.com/aev4jx NATO may have ended its operations in Libya, but the Western presence is far from over, with big companies replacing the warplanes. The countries that bombed the oil-rich state are now getting lucrative contracts to rebuild it. First, British bombs tore it apart. Now, British companies will […]
It was only a matter of time before movements like Occupy Wall Street started to bring years of tension between the rich and the poor bubbling to the surface. Two-thirds of respondents in a Pew Research Center survey of more than 2,000 consumers said there are “very strong” or “strong” conflicts between […]
By ARAB NEWS Published: Jan 13, 2012 01:45 Updated: Jan 13, 2012 01:47 NEW YORK: The Saudi Binladin Group, founded in the 1930s, cannot be sued for damages over the Sept. 11, 2001, attacks, a US judge has ruled. Manhattan federal court judge George Daniels ruled against plaintiffs who said […]
NEW YORK (CNNMoney) — Consumers pulled back on their spending in December despite the holiday shopping season, according to a government report released Thursday. The Commerce Department report showed that overall retail sales rose only 0.1% compared to November — falling short of forecasts of economists surveyed by Briefing.com, who […]