Africa’s Economy Is Rising. Now What Happens to Its Food?
Follow Us: Get the Upshot in your Inbox JAN. 22, 2015 David Leonhardt – At the same time, much of the world is enjoying one of history’s most rapid increases…
Category: Business
$7.54 for a Big Mac? Only in Switzerland
On average, a Big Mac in Russia will set you back $1.36, or 89 rubles. Russia’s currency has plunged to record lows in recent months as falling oil prices combined…
The Powers, and Limits, of E.C.B. Stimulus, as Viewed From Davos
“It is a mistake to suppose that Q.E. is a panacea in Europe, or that it will be sufficient,” said Lawrence H. Summers, who was Treasury secretary under President Bill…
Europe says no reason to ease pressure on Russia over Ukraine
Related: Ukraine president says no room for negotiations with Russia Sanctions left Russia more exposed to the collapse in oil prices that is wreaking havoc on its economy, still heavily…
Bill & Melinda Gates’ next target: banking
Literally stuffing cash in a mattress: People in rich countries can drive or walk to the bank, use digital services like PayPal and write checks that can be deposited, sometimes…
Tootsie Roll names 83-year old widow as new CEO
Morningstar: © 2015 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2015. All rights reserved.
Samsung-BlackBerry rumors still swirl
The anonymous source that spoke to The Financial Post told the paper that Watsa would likely endorse a deal above $15 a share. Related: BlackBerry ended 2014 on a sour…
Oil boomtown: ‘We could see 20,000 layoffs by June’
Arthaud, a North Dakota native who’s been active in the state’s oil industry since the late 1970s, said he isn’t particularly concerned for his company, which employees some 2,000 people…
Belichick talks #DeflateGate in front of Gillette #Flexball ad
Gillette said it was not trying to take advantage of the increased media coverage, scrutinizing the team’s alleged shenanigans with illegally deflating footballs. “DeflateGate” has become a topic of national…
Turing manuscript going up for auction
Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar:…
I’ve made millions playing poker, own almost nothing
In 2013, my travels led me to a silent meditation retreat at a Buddhist monastery on a small island in Thailand. I handed over what was left of my belongings,…
Smarter people use iPhones
The study also notes that iPhone sales correlate to population density. The more densely populated the state, the greater the chance that iPhone sales will be higher in that state….
What to Expect From the E.C.B.’s Stimulus Efforts
FRANKFURT — The European Central Bank is widely expected to announce on Thursday that it will finally begin buying government bonds as part of a so-called quantitative easing program. In…
Netflix has big plans to produce more original series
“(L)ast year our original content overall was some of our most efficient content,” the company wrote. “(O)ur originals cost us less money, relative to our viewing metrics, than most of…
Struggle City: Most U.S. cities haven’t recovered yet
Related: Still waiting for a pay raise? You’re not alone The other America: Meanwhile, several U.S. cities located near the Great Lakes ranked in the bottom 50 cities worldwide for…
ECB expected to unveil new stimulus
Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.
Talk of Wealth Gap Prods the G.O.P. to Refocus
The president laid the groundwork for middle-class economics during his State of the Union address on Tuesday. WASHINGTON — President Obama’s push for a new “middle-class economics” may go nowhere…
Hands on with Microsoft’s HoloLens
Related: Microsoft’s insane holographic vision of the future After an on-stage demonstration of the sleek, wraparound black glasses, Microsoft gave reporters four hands-on demos of the device at its Redmond,…
Chinese Premier: We’ll slow down but we won’t crash
“Regional or systemic financial crises will not happen in China,” he said. – Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors….
Top executives freak out about hackers
Cisco (CSCO, Tech30) CEO John Chambers warned that more cyberattacks were inevitable. “If you think last year was bad, wait until this year,” he said. “Every company will be broken…
What now for oil after Saudi king’s death?
Saudi officials have repeatedly said the nation will not cut oil production. It’s unlikely that the new king will alter that stance. – Chicago Mercantile Association: Certain market data is…
Snowmen battle the hot air of Davos
The campaign is linked to the United Nations Millennium Goals, agreed 15 years ago. They include halving extreme poverty and providing universal primary education. This is the year those goals…
NYPD bolsters security for websites, stores over Charlie Hebdo
As such, media outlets wrestled with the dilemma over whether to show the magazine’s previous caricatures of the prophet after this month’s massacre at Charlie Hebdo’s Paris office. After the…
London mayor Boris Johnson bends to IRS, settles U.S. tax dispute
Last year, Johnson told NPR that officials were “coming after him” for capital gains tax on the sale of his first London home. Asked whether he would pay the bill,…
Wal-Mart China: Hitting headwinds
In the 1980s, China started opening up and rolled out the welcome mat: tax breaks and other incentives to attract technology and capital. Now China’s just a more “normal” place…
Greece elections: Have 5 years of austerity paid off?
Related: EU must end austerity and restructure debt 2. Healthier banks: Greece’s banking sector is much more resilient. Banks have been recapitalized and the industry has downsized from 18 commercial…
Facebook’s Sandberg wants more women on the Internet
The app allows users to access Facebook, Wikipedia and job postings, as well as information about motherhood, health care and civil rights. “Unless we intervene … women will not get…
Wells Fargo, JPMorgan fined for mortgage kickbacks
The wrongdoing was less extensive at JPMorgan Chase (JPM). The bureau said at least six loan officers at Chase locations in Maryland, Virginia and New York helped steer 200 loans…
The Army gun: My ‘Lethal Weapon’ moment
I first heard about the M9 in 1985, when the Army first issued it to replace its previous gun the Colt M1911, reminding me of my grandfather who served in…
Gold is sexy again. Price jumps above $1,300
Gold’s price is hard to predict because investor sentiment mostly dictates its future more than other metals. While there is some demand for gold from jewelry and industry, the reality…