Business Diary: Google boss takes fight to the enemy
Friday 04 December 2009
Good to see The Wall Street Journal give its writers free rein. In an op-ed piece yesterday, Google boss Eric Schmidt said: "With dwindling revenue and diminished resources, frustrated newspaper executives are looking for someone to blame. Much of their anger is currently directed at Google... the facts suggest otherwise." Chief of the get-Google brigade is, of course, Rupert Murdoch, the Journal's owner.
It's Hammer time for your old gold
Happy news from Cash4Gold, the company that buys up customers' unwanted gold, which is quite handy right now given the record price of the precious metal. It has signed up MC Hammer as a partner. The rapper is to star in the company's adverts as part of the deal.
The economists who were once big in Japan
Here's a quiz question. What do new MPC member Adam Posen, Federal Reserve governor Ben Bernanke, IMF chief economist Oliver Blanchard, Nobel laureate Paul Krugman and US Treasury Secretary Timothy Geithner have in common? The answer is they all made their name studying Japan's "lost decade" of economic stagnation. Let's hope they've learned the lessons.
Dubai's ruler hopes for happier times
You'll be pleased to hear that Sheikh Mohammed bin Rashid Al Maktoum is back from the Eid holiday, updating the world via his Twitter page. Strangely, Dubai's ruler still has nothing to say about the financial crisis – unless his wish for better times ahead is an oblique reference to the events of the past week. His latest tweet reads: "I pray to Allah that when we celebrate future national days, we will have achieved our dreams and enhanced our position in the world."
Somalia's booming stock market
Somalia may be dangerous, but it is embracing Western-style capitalism. Reuters reports that pirates based in the coastal town of Haradheere have set up a stock exchange where locals can buy shares in their ventures. Of 72 "maritime companies" on the exchange, 10 have apparently staged successful hijackings so far.
Number of the day: 20
Years since Norton motorbikes, now back in production, were last made in the UK.
- 2 Pope Francis issues top 10 tips for happiness – including don’t try to convert other people
- 3 Disney heiress Abigail disowns her share of family profits in West Bank company
- 4 The secret report that helps Israel hide facts
- 5 Israel's propaganda machine is finally starting to misfire
Russell Brand accuses FOX News anchor Sean Hannity of terrorism after aggressive Israel-Gaza debate
Pope Francis issues top 10 tips for happiness – including don’t try to convert other people
Sabina Altynbekova, the girl branded 'too good looking' for volleyball, says social media obsession with her is a 'bit much'
Justin Bieber posts Instagram photo of Orlando Bloom crying after Ibiza fight 'over Miranda Kerr'
Disney heiress Abigail disowns her share of family profits in West Bank company
The secret report that helps Israel hide facts
Land for gas: Merkel and Putin discussed secret deal could end Ukraine crisis
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
Putin is 'thuggish, dishonest and reckless', says British ambassador to US
Richard Dawkins tweets: 'Date rape is bad, stranger rape is worse'
Boozy, ignorant, intolerant, but very polite – Britain as others see us
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