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.
- 1 Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
- 4 Tennis fan suing Australian Open organisers for 'failing to shade spectators' during Murray match
- 5 This crazy skiing video will leave you feeling queasy
Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
Mother of newborn Baby No 59 trapped in sewer pipe told Chinese police she 'heard crying' when she raised alarm
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
AirAsia QZ8501: Black box reveals warning alarms 'screamed' before crash, as more bodies recovered from near fuselage of jet
Rob Lowe hits out at White House decision not to meet Israeli leader
British Muslim leaders outraged after Eric Pickles says followers of Islam should 'prove their identity'
UK terror fears: My jihadist son returned from Syria mentally scarred – now he is being ignored
Nigel Farage: NHS might have to be replaced by private health insurance
Billy Crystal: 'Stop shoving gay sex scenes in my face'
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
British Muslim school children suffering a backlash of abuse following Paris attacks
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