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 Moscow voted the world's unfriendliest city
- 3 The excuses your boss is most likely to believe when you call in sick
- 4 I'm pansexual – here are the five biggest misconceptions about my sexuality
- 5 More than 11,000 Icelanders offer to house Syrian refugees to help European crisis
The excuses your boss is most likely to believe when you call in sick
Bono's group has made more money from Facebook investment than from all his music
Three-year-old ultra-Orthodox Jewish children told 'the non-Jews' are 'evil' in worksheet produced by London school
Wikipedia rocked by 'rogue editors' blackmail scam targeting small businesses and celebrities
More than 11,000 Icelanders offer to house Syrian refugees to help European crisis
Climate change: 2015 will be the hottest year on record 'by a mile', experts say
Senior British politicians tell David Cameron: When dead children are being washed up on beaches, it's time to act
Jeremy Corbyn calls Osama bin Laden's killing a 'tragedy' - but was it taken out of context?
If these extraordinarily powerful images of a dead Syrian child washed up on a beach don’t change Europe’s attitude to refugees, what will?
If you're not already angry about the refugee crisis, here's a history lesson to remind you why you really should be
Theresa May says migrants should be banned from entering the UK unless they have jobs lined up
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