And just look at what’s happened to the newspaper business.
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For the past ten years, troops from the U.S. and allies have been in Afghanistan as part of a war that has cost billions of dollars.
So, what happened to the country’s opium poppy crop during that time? It’s at a record high.
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Thanks to Business Insider and Morgan Stanley’s recent “Macro Ideas & Insights Forum.”
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According to Reuters:
The rebranding faces a challenge because, in Russia’s Cyrillic alphabet, the first letter of the word Rouble resembles the Latin “P”, a possible source of confusion for many foreigners.
Two options plump for the Cyrillic version, with horizontal or vertical ‘strokes’ reminiscent of the symbols for the dollar, euro or Japanese Yen.
The other three are based on the Latin “R”, with diagonal or curved strokes that have drawn comparisons with ski tracks, or even a ski jump, leading cynics to suspect they are advertising the forthcoming Winter Olympics hosted by Russia.
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Typhoon Haiyan — which is being called one of the worst storms of all time — is bearing down now on the Philippines.
This shot from European meteorological group EUMETSAT really captures just how massive this storm really is.
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In economics, your spending is my earning.
Or as this chart clearly shows, Europe’s loss has been China’s gain. No wonder Paul Krugman calls it a global game of “beggar thy neighbour”.
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US Republicans describe the Fed’s policy of printing money as “destructive and inflationary” despite evidence – five years of it – that in this current liquidity trap, the reverse is true. (The red line on this chart is interest rates.)
Up is down, down is up for the GOP.
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