Business Diary: 13/08/2009
Thursday 13 August 2009
Death of capitalism now on sale for €25
The Dutch designer Twan Verdonck has something to say. The artist, who has had works displayed in the Museum of Modern Art in New York, has launched a new project called "We Are Numbers", which is about consumerism, identity and fashion.
He told the consumer magazine Wired that the ultimate goal of giving everyone a numbered T-shirt, right, was "universal love, low consumption and unlimited creativity". He thinks there will soon be a post-capitalist society, saying: "Capitalism has brought us inequality, poverty and wars". So these T-shirts are obviously free? Um, no – €25 each, plus shipping.
Bing unearths amazing facts about the Welsh
One feature that differentiate's Google's main rival Bing from the big kid on the block is its home page which features a colourful photo every day together with several fascinating facts about the featured destination. This means Bing can commercialise its home page, with links to items to buy underneath. Yesterday's featured Castle Conwy but the fascinating facts were all about Wales. And the commercial stuff underneath? Find Tom Jones CDs and did you know Welsh boasts some of the world's longest words. If only they'd chucked in some daffodils and leeks and they'd have had the whole clichéd set.
Bank of England chief misses static target
Mervyn King, ever the sportsman, pointed out to hacks at the Inflation Report press conference that he was launching his latest view on the economy on the "Glorious Twelfth". He did not endorse field sports, but asked those present to note that while people on the grouse moors were trying to hit a moving target, the Bank of England was aiming at a static one. Though that hasn't made it that easy to hit, has it Mervyn?
Will Fayed's successful son return to the shop?
The youngest son of Mohammed Fayed left the board of Harrods in March to continue his studies and focus on his MBA, before returning to the department store at a later date. While Omar Fayed's contribution is hard to measure, Harrods delivered record sales of £751.7m in the year to 31 January 2009. So if Omar was a retail genius, he may be needed back at the shop.
Number of the day: 117
The Hedge Fund Implode-O-Meter's count of funds going belly up since late 2006. Atticus Global fund fell this week.
- 1 The BBC has just done more to eradicate ‘terrorism’ than all our wars since 9/11
- 2 Dog thinks owner is drowning in lake, dives in and tries to pull him out
- 3 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 4 Chilling drone footage captures Auschwitz ahead of 70th anniversary of liberation
- 5 Phil Neville backtracks on Tomas Rosicky 'I'd smash him' comments from Match of the Day 2
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Greece elections: Greek PM Alexis Tsipras takes aim at 'neo-liberal' Europe as country gears up for prolonged austerity battle
Auschwitz liberation 70th anniversary: Woman sent to three Nazi death camps describes surviving gas chamber
Pornhub star Mia Khalifa receives death threats after being ranked the site's top adult actress
Prince Philip set to be knighted by Australia: Celebrate by reading his greatest gaffes
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
Islamic history is full of free thinkers - but recent attempts to suppress critical thought are verging on the absurd
Leaked documents show Ukip leaders approve NHS privatisation once it becomes more 'acceptable to the electorate'
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