Money Articles
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Economist
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From Economist
You want me to leave it down here?
MARKETS can misprice risk, as investors in subprime mortgages discovered in 2008. Several recent reports suggest that markets are now overlooking the risk of ?unburnable carbon?. The share prices of oil, gas and coal companies depend in part on their reserves. The more fossil fuels a firm has underground, the more valuable its shares. But what if some of those reserves can never be dug up and burned?If governments were determined to implement their climate ... Quick Read |
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From Economist
A seat for sore thighs
A CHAIR, one would assume, requires a seat. Not the LimbIC chair, which holds your thighs in two custom-made carbon fibre ?seating shells?. The shells may resemble the footrests in an obstetrics office, but this is a chair in which ?you can dance, move, stretch, relax and stay in tune with your thoughts,? according to Inno-Motion, its Swiss manufacturer. What you cannot do is sit still. And it costs $8,500.The LimbIC is an extreme example of a growing trend: healthy ... Quick Read |
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From Economist
SHAYAN ZADEH, the co-founder of Zoosk, a popular online-dating service based in San Francisco, is worried. In the current debate on immigration, few realise that foreign-born entrepreneurs create jobs for locals. ?It?s a real public-relations problem,? bemoans Mr Zadeh, who came to the country as a student from Iran and worked at Microsoft before establishing his own firm, which now employs almost 150 people.On May 2nd Innovate for America, the new brainchild of Scott Sandell, a venture ... Quick Read |
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From Economist
FRANÇOIS HOLLANDE?S arrival at the Elysée Palace half an hour ahead of schedule on the evening of April 29th took the 300 entrepreneurs assembled there by surprise. What he said must have surprised them even more. After a year of bashing businesspeople, the French president clasped them to his bosom.As wealth- and job-creators, successful businessmen should be prized by society, he told the closing session of a three-month consultation on fostering enterprise. Sticking to his friendly theme, ... Quick Read |
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From Economist
Design your own walkabout
ABOUT four years ago Michael Fox and two former law-school friends sniffed around for an unfilled market niche. Shoes of Prey was the result. Old-fashioned shoemakers in shops are disappearing in Australia. Internet shoesellers are replacing them. Mr Fox?s firm goes one step further: it allows customers to design and order their own bespoke shoes online.It wastes no time wooing men. ?We figured women are more passionate about shoes,? says Mr Fox. Investors from ... Quick Read |
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From Economist
Last week ("DISHing out the dosh", April 20th) we said that in 2011 regulators blocked AT&T?s bid for Sprint. The bid was in fact for T-Mobile USA. Apologies for the crossed wires. ... Quick Read |
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From Economist
THERE was no timetable for an iWatch or for an iTV. There was, however, the promise of perhaps the biggest share buyback in American corporate history. Announcing Apple?s results for the first three months of 2013 on April 23rd, Tim Cook, its boss, stayed mum about its product pipeline, saying only that the firm was working on some ?amazing new hardware, software and services? to be rolled out later this year and in 2014. But he was clear about the cash Apple will return to shareholders in the ... Quick Read |
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From Economist
We dig dig dig dig dig dig dig up everything in sight
TOURIST shops sell polished copper trinkets. Building after building sports a bit of copper cladding. Even the taxi-drivers in Santiago, Chile?s capital, know the price of copper. It is not hard to guess what the country?s biggest export is.Copper has been kind to Chile. It provides 20% of GDP and 60% of exports. Thanks to it, Chile?s economy is expanding by nearly 6% annually, while inflation and unemployment are enviably low. Poverty ... Quick Read |
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From Economist
LINE up three icky sweets of the same colour; they vanish. Not because your greedy children have stolen them: this is part of a game called ?Candy Crush Saga?. Unlike real sweets, the virtual ones never run out. The game continues for 365 levels, and more are added all the time. A startling 15m people play ?Candy Crush Saga? on Facebook each day, making it the most popular application on the social network. It is also the top-grossing app in Apple?s and Google?s stores.?Candy Crush Saga? is ... Quick Read |
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From Economist
EMPIRE-BUILDERS of old claimed they were spreading Britain?s civilising influence. Similar explanations were offered when the London Stock Exchange (LSE) started welcoming mining firms from emerging economies. Listing in London would spur them to adopt British corporate-governance standards, investors were told. The firms would find it easier to raise the vast amounts of capital needed to develop big mines. And punters would be able to bet on a booming industry without worrying about the weaker ... Quick Read |
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