arhiv za oktober 2008

New worries grip Russian economy

IHT - At the start of the global financial crisis, the Russian authorities insisted they had ample cash reserves to weather any storm. But as sorrow has succeeded sorrow — plummeting oil prices, a 70 percent descent in stock markets here, a global credit crisis and a slow-motion bank run on this country’s private banks — Russia has had to spend its reserves faster than anybody imagined.

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Working Together for a Green New Deal

Nation - The time has come for a public-private community partnership to fix this country and put it back to work. In the framework of a Green New Deal, the government would become a powerful partner to the problem solvers of the world–and not the problem makers.

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Six Social Policy Myths

Policy - Policy experts often think alike, even when the evidence contradicts them. This is how billions of dollars get spent on government programs that don’t work.

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Warfare - Fighting with photons

Economist - The most famous weapon of science fiction is rapidly becoming fact. The first serious battlefield ray gun is now being deployed. And the next generation, now in the laboratory, is coming soon.

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Shell and Exxon join the profits bonanza

Guardian - Royal Dutch Shell and Exxon Mobil followed BP yesterday by revealing record quarterly profits. Royal Dutch Shell, the biggest oil firm in Europe, beat City expectations with third-quarter current cost-of-supply profits - which strip out unrealised inventory gains and losses - up 74% to $10.9bn (£6.7bn). Exxon Mobil, the world’s largest oil company, smashed its own record for the highest quarterly earnings from a US firm, by delivering a profit of $14.83bn.

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Does Google Know Too Much?

Spiegel - Google gathers so much detailed information about its users that one critic says some state intelligence bureaus look “like child protection services” in comparison. A few German government bodies have mounted a resistance.

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Banks to Continue Paying Dividends

Washington Post - U.S. banks getting more than $163 billion from the Treasury Department for new lending are on pace to pay more than half of that sum to their shareholders, with government permission, over the next three years.

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The Fed’s rate cut - Approaching zero

Economist - How much lower can the federal funds rate go? Certainly at least to 0.5%, a level it has not been close to since the 1950s. But beyond that, things get tricky.

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An Infinite Loop in the Brain

Spiegel - Wouldn’t it be great to be able to remember everything? To see all our most important moments, all the priceless encounters, adventures and triumphs? What if memory never faded, but instead could be retrieved at any time, as reliably as films in a video store?

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The Atlantis stages most expensive launch party ever

Telegraph - The global recession may be biting, but try telling that to the Hollywood celebrities and billionaire business moguls who attended the opening of Dubai’s latest luxury resort, The Atlantis.

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Francuzi Sloveniji šalju prijedlog za deblokadu pregovora Hrvatske i EU

Jutarnji list - Nezadovoljni činjenicom da tijekom njihovog predsjedanja nisu otvorena sva pregovaračka poglavlja s Hrvatskom, iako su to sami najavili prilikom preuzimanja predjedništva, Francuzi Slovencima šalju novi prijedlog hitnog deblokiranja hrvatskih pregovora.

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Get out and spend

Financial Times - EU rules on budget deficits will have to be relaxed, but not all countries can afford to breach the limit of 3 per cent of GDP by much. Yields of 10-year Italian and Greek government bonds still trade more than 100 basis points above German ones. This highlights why [...]

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Time machines: Our chronic obsession with watches

Independent - From Oysters to Seamasters, Skyhawks to Hemipodes, the world of luxury watches is booming as if recession were an alien concept. But who actually needs a diamond-encrusted, solid gold chronograph with built-in altimeter?

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The World in 2009

Economist - Anyone hoping for a period of calm after the turbulence of the past year will be disappointed. For the economy and for business, as well as for politics, 2009 promises to be a year of bracing adjustment to a changed world.

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Beggars Banquet

NY Times - So, now we have arrived at that moment where taxpayers will play God with the American economy. What has been going on in Washington over the last month makes European-style planned economies look entrepreneurial by comparison. Let’s be honest about this monumental exercise we’re going through. These are not [...]

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