Bloomberg Packing for holidays, road trips or even getting ready to hit the sales is about to get much, much easier. No matter how well you’ve packed or how many pre-vacation lists you’ve made, there is always that moment of horror at the check-in desk or at security when you think you’ve forgotten your passport or ID. However, within ...
Read More »Dell doubles down on deals with its back-to-school range
Bloomberg To entice parents and students alike to go with one of its ultra-portable laptops or powerful desktops for September Dell is offering everything from price-matching to free Samsung TVs. Dell’s Back To School product line has clearly been put together to offer something for children of all ages and of all computational needs. With a starting price of ...
Read More »Looking for ‘that’ sparkle
DPA The air above the field is shimmering in the summer heat. Locusts are buzzing in the trees. Gina Meyers doesn’t seem to notice while, beads of sweat forming on her forehead, she scrapes together a small pile of stones on a metal table using her credit card. “I don’t really know what I am doing here,” says the ...
Read More »Graffiti as an art
DPA His hair is thinning and flecked with grey. His belly is beginning to show a little beneath a brown T-shirt sporting the slogan “Life begins.” But when Jens Mueller, a German graffiti artist known as Tasso, picks up a spray can and sets to work on a canvas none of it matters. “I can live from my pictures,” ...
Read More »National Bonds holds workshops
DUBAI / WAM In line with its financial well-being initiative, National Bonds Corporation, the leading sharia-compliant savings and investments company in the UAE, recently organised a series of workshops for employers seeking to educate their employees on the benefits of financial planning. National Bonds invited a number of companies from both the public and private sector to learn more ...
Read More »Preventing the next panic
The hostility towards Wall Street remains so great that both political parties say, in their platforms, that they’d like to break up America’s biggest banks. But before engaging in this drastic economic surgery, it’s worth examining whether Dodd-Frank is working. Recall that the law, named after its congressional sponsors, former Sen. Senator Christopher Dodd and former Rep. Barney Frank, ...
Read More »Japan economy: Is stimulus package a magic wand?
In the latest effort to prop up economy and spur growth, Japan’s cabinet on Tuesday approved a massive 28-trillion yen stimulus package, including cash to improve infrastructure and raise the birth rate in the ageing nation. Undoubtedly, Prime Minister Shinzo Abe has deployed many strategies to goad the economy to grow. He somehow convinced the country’s central bank to ...
Read More »Investors might not bite on Italy’s soured loans
Lionel Laurent Italy has a well-known problem: A stack of bad loans on the books of its banks and nobody willing to buy them at current prices. Until investors get more reassurance on what these loans are truly worth, Italian banks won’t emerge from their crisis — and will suffer more losses in future. The plan to rescue Banca ...
Read More »Let wages take off, not ‘helicopter money’
Helicopter money is back in the headlines amid speculation that Japan may turn in desperation to the final chapter of the handbook of unconventional monetary policy. But there’s an alternative to handing consumers a one-time payment in the hopes they’ll spend it: Give them a permanent wage hike instead. Milton Friedman’s thought experiment about whirlybirds dropping cash from the ...
Read More »Erdogan accuses West of ‘supporting coup plotters’
Istanbul / AFP President Recep Tayyip Erdogan on Tuesday launched his most bitter attack yet on Turkey’s Western allies over the July 15 attempted putsch, accusing them of supporting both “terror” and the coup plotters who tried to unseat him. Erdogan, who blames the plot on the US-based preacher Fethullah Gulen, also described the coup as a “scenario written ...
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