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Oberhausen / AP Artist and professor Guenter Fruhtrunk later apologized to his students for designing the logo for Aldi, the discount German supermarket chain that now has 7,000 stores on three continents. Back then, as it is now, it was regarded as unseemly for artists to be serving the interests of capitalism or to make art into bulk commodities ...
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January, 2017
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31 January
Airbus rethinks its space strategy
Paris / DPA The plans that Airbus has for a factory in Florida are nothing short of revolutionary for the European aviation giant‘s satellite business. “In a good year up till now we haven’t built more than 10 satellites,” says Nicolas Chamussy, who was appointed as Airbus’ space chief last year. “We’re going to produce two satellites a day ...
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31 January
An excess of intellectual emptiness
In 2013, a college student assigned to research a deadly substance sought help via Twitter: “I can’t find the chemical and physical properties of sarin gas someone please help me.†An expert at a security consulting firm tried to be helpful, telling her that sarin is not gas. She replied, “yes the [expletive] it is a gas you ignorant ...
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31 January
Narendra Modi, don’t fix what you broke in budget 2017
You break it, you fix it. That’s the sentiment ahead of India’s annual budget this week. Amid signs that New Delhi’s 8 November ban on 86% of the country’s currency has disrupted demand, snapped supply chains and cratered credit growth, investors expect a fiscal lollipop from Prime Minister Narendra Modi and finance minister Arun Jaitley. Bigger tax rebates for ...
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31 January
Trump’s dumb war on Nafta
Hostility to supposedly bad trade deals was a main theme of President Donald Trump’s campaign, and he seems to mean business: Not only has he withdrawn the US from the Trans-Pacific Partnership, but he also confirmed his intention to renegotiate the North American Free Trade Agreement (Nafta). His exact plans for Nafta, however, aren’t clear. Nafta could stand some ...
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31 January
Canada must continue on its path of tolerance
Six people killed in an assault on a Quebec City mosque in one of the worst terrorist attacks in the Canada’s history. All the victims are male, ranging in age from 39 to 60 years old, and had gathered for prayers at the mosque. Alexandre Bissonnette, 27, a political science student at nearby Laval University, has been charged with ...
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31 January
Trump’s gift to China
The Chinese New Year holiday is traditionally a time of gift-giving and celebration in the Middle Kingdom. This year, no one celebrates more than China’s President Xi Jinping. On Monday, Xi’s US counterpart signed an order withdrawing American support for the Trans-Pacific Partnership. The move fulfilled one of President Donald Trump’s central campaign pledges. Since the 12-nation free-trade pact ...
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31 January
Central banks will keep policies unchanged
With all the attention being devoted to the policy intentions and actions of President Donald Trump, there has been a lot less focus on this week’s four meetings at systemically important central banks — the Bank of England, the Bank of Japan, the Federal Reserve and the European Central Bank (though that meeting doesn’t involve monetary policy). Here are ...
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31 January
When algorithms come for our children!
Consider the tragedy of a child killed by neglect and abuse. Now consider the tragedy of a child taken from parents who would not have criminally abused her. Which is worse? Computer algorithms might soon help humans make such difficult decisions — but only if we recognize the myriad ways in which they can go wrong. In countless cities ...
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31 January
Vodafone’s Indian escape route
It’s hard to remember India being anything other than a nuisance for Vodafone Group Plc. The group has taken writedowns of 6.6 billion pounds ($8.3 billion) on the asset since buying it in 2007, and got itself tangled up in a long tax fight with the Indian government. Lately it’s been gored by Mukesh Ambani’s Reliance Industries Ltd., whose ...
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