Economics
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The shirt you can wear for 100 DAYS without washing (or ironing)
Made from wool which is also wrinkle free Firm claims the shirt feels like a normal shirt By Mark Prigg PUBLISHED: 16:26 GMT, 29 April 2013 | UPDATED: 16:36 GMT, 29 April 2013 It could be the answer to male wardrobe worries - a shirt you can wear for 100 days without having to wash or iron. US company Wool&Prince says normal button-down shirts wrinkle and smell after a wear or two.Dimon hoped the departures, along with two other traders, would draw a line under the matter. But at a recent Q&A session with hundreds of summer interns, he was repeatedly accused of being in a business that was responsible for much of the world's misery. “Before you go to the next level of generalizing, saying, ‘all bankers’, ‘all banks’. I don’t like that,” Dimon said.
JP Morgan chief Jamie Dimon defends banks, says London Whale has been 'harpooned'
The vast profits made from drug production and trafficking are overwhelmingly reaped in rich "consuming" countries – principally across Europe and in the US – rather than war-torn "producing" nations such as Colombia and Mexico , new research has revealed. And its authors claim that financial regulators in the west are reluctant to go after western banks in pursuit of the massive amount of drug money being laundered through their systems. The most far-reaching and detailed analysis to date of the drug economy in any country – in this case, Colombia – shows that 2.6% of the total street value of cocaine produced remains within the country, while a staggering 97.4% of profits are reaped by criminal syndicates, and laundered by banks, in first-world consuming countries.
Western banks 'reaping billions from Colombian cocaine trade' | World news | The Observer
An old axiom warns investors not to "catch a falling safe", a reference to the fact that a falling stock is not always a bargain. For every solid company whose stock is experiencing a temporary downturn, another is punished by the market for very good reasons and may not recover. To "buy low and sell high" successfully, it makes sense to find undervalued stocks that are trading for less than they should.
Why A Falling Stock Is Not Always A Bargain
‘All we want to do is work, to be able to support ourselves. But thanks to the rich being greedy, we can’t even have that’ - Americas - World
Sean touches a flame to the note and uses it to light a cigarette. "That's debt, and that's what we do with it," he says, grinning to his fellow Occupy Wall Street protesters. It's one of those braggadocio gestures that probably has as much to do with the presence of an unfamiliar young woman as it does to hatred of the super-rich "1 per cent" whom this ramshackle global anti-capitalist movement set themselves against when they started camping out in Manhattan's financial district last September. Smoke streams from Sean's fingers.A history of the world, BRIC by BRIC
Goldman Sachs - via economist Jim O'Neill in 2001 - invented the concept of a rising new bloc: BRICS (Brazil, Russia, India, China and, later, South Africa). Some cynics couldn't help calling it the "Bloody Ridiculous Investment Concept". Now that doesn't really apply. Goldman now expects the BRICS countries to account for almost 40 per cent of global gross domestic product (GDP) by 2050, and will include four of the world's top five economies. Soon, in fact, that acronym may have to expand to include Turkey, Indonesia, South Korea and, yes, nuclear Iran: What would that make?
Made in China says everything, economically, about the last decade. Sold in China tells you everything about the next. Recent output figures from China were greeted with concern after the country reported its lowest GDP growth for three years, although, at 8.1%, it's magnificent compared to the UK's double-dip recession.
China's great leap forward – into the supermarket | Money
Five Reasons Why The Very Rich Have NOT Earned Their Money | Digg Politics
The wealthiest Americans believe they've earned their money through hard work and innovation, and that they're the most productive members of society. For the most part they're wrong. As the facts below will show, they're not nearly as productive as middle-class workers. Yet they've taken almost all the new income over the past 30 years. (Image: Flickr by IronRodArt)If your country is not listed this is because no average wage data is available. Data was collected for 72 countries by the UN’s International Labour Organization. Many developing nations are not listed as these economies often have many more self-employed people than wage earners, making an average wage calculation difficult. To make comparisons in living standards across countries, economists use specially adjusted exchange rates.
Where are you on the global pay scale?
6 March 2013 Last updated at 19:00 ET <div class="warning"><img class="holding" src="http://news.bbcimg.co.uk/media/images/56339000/jpg/_56339330_quantitativeeasing.jpg" alt="Dollar printing press" /><p><strong>Please turn on JavaScript.</strong> Media requires JavaScript to play.</p></div> What is quantitative easing and will it help boost economies? Since the global financial crisis, both the Bank of England and the Federal Reserve have used the policy of quantitative easing (QE) to try to revive consumer spending and economic growth.
Q&A: Quantitative easing
2 January 2012 Last updated at 12:13 ET By Rajiv Biswas Asia-Pacific Chief Economist, IHS Global Insight China's continued economic expansion is key to the region's overall growth