The Nobel Prize in Economics is out. The winners—Alvin Roth of Harvard and Lloyd Shapley of UCLA—are joining the ranks of some serious math nerds in a field increasingly flush with equations. Shapley, in fact, holds a PhD in mathematics rather than economics.
Greece’s latest unemployment figures hit yet another record. (Here’s a PDF of the release in Greek.) Total unemployment surpassed 25% in July for the first time, and unemployment among the young was well above half. As the BBC pointed out, Greece lost over 1,000 jobs a day from July 2011 to July 2012.
Circuit breakers shut down India’s fourth-biggest stock exchange after an apparent human error at broker Emkay Global Financial Services placed 59 mistaken orders worth 6.5 billion rupees ($125 million), the NSE said in a statement.
Labor force participation rate — the share of people looking for work or working — was little changed at 63.6%.
Europe is consumed by the threat of imminent monetary fission. The Arab world is either embroiled in a revolution or recovering from one. And a black president in America is no longer a dreamlike possibility but a humdrum reality. It’s not hard to see why this U.S. election is capturing less attention than the last one almost everywhere on the planet… except China, where more than twice as many people are following election coverage as in 2008, according to a survey conducted by the Pew Research Center.
The new novel from J. K. Rowling, author of the wildly successful Harry Potter series, debuted yesterday and is being sold at a celebrity price. For the hardcover version, it’s just business as usual. But for the ebook? At $17.99 in the US, it’s more than twice the country’s average ebook price of $8.19. And in Europe, The Casual Vacancy is even more expensive.
Most news coverage of Republican presidential candidate Mitt Romney’s 2011 tax return focused on the low, 14.1% effective tax rate he paid in the US. But that’s nothing compared to the rate Romney paid to foreign governments for the $3.5 million, or 26% of his income, that he earned overseas.
Brazil’s growing middle class has poured money into the trappings of wealth and recreation: flat-screen TVs, get-away vacations, and, now, lots of cocaine.
Brazil’s growing middle class has poured money into the trappings of wealth and recreation: flat-screen TVs, get-away vacations, and, now, lots of cocaine.
According to a new report by consulting firm Capgemini and the Royal Bank of Canada, the number of Asians controlling $1 million or more in investable money surpassed the number of North Americans in the same strata of wealth last year.
According to a new report by consulting firm Capgemini and the Royal Bank of Canada, the number of Asians controlling $1 million or more in investable money surpassed the number of North Americans in the same strata of wealth last year.
