With Greek economy in collapse and looking like it might have to remove itself from the Euro, some are seeing this as the first domino to fall in the single European currency. After Greece could come Spain and Italy and eventually the whole thing. And if it happens, it will be bad, and the UK, which is not a Eurozone country, could bear the weight of the whole thing falling— riots, markets dropping, huge waves of immigration etc. So in case that happens, Britain is drawing up plans for the possibility.
In addition to its annual list of the richest real life people in the world, Forbes also puts out a yearly list of the 15 richest fictional characters, using a bunch of math and mumbo jumbo to try and assess a character’s real-world holdings.
In 1972, The Limits to Growth modeled the effects of unlimited human expansion on the planet’s finite resources. Now, 40 years later, the predicted models are still a near match with reality. So you shouldn’t worry about the shit hitting the fan at the end of this year— but come 2030, start stocking up like a crazy person.
Both in the US and Canada, the copper-coated penny is a coin that costs more to produce than it’s worth. There have been a small movement in America to ditch the penny for this reason, but in Canada, they’re actually doing it. Later this year, the Canadian mint will stop making the penny altogether, phasing out the one cent.
A bit of a heady subject today, but a very interesting and complex one about world economics. With the US and Europe having had a shitty decade economically and pulling much of the world with it, China has been mostly unaffected.
Of course, the short answer is of course “money”. If you’re an American company looking to have something manufactured, even if you want to have that “Made in America” label, in order to stay competitive, your only choice is to take advantage of super cheap Chinese labor. But it also has to do with the incredibly flexible industrial manufacturing industrial manufacturing infrastructure China has developed over the years.
The term “Black Friday” has been around for a while and “Cyber Monday” has finally started to settle into the lexicon. What about “Small Business Saturday”? As in, instead of camping out in front of Wal-Mart for a week, why not patronize the small businesses in your area instead?
Last month, it came out that foreclosure law firm Steven J. Baum liked to do things like throw inappropriately themed Halloween parties making fun of the people they foreclosed upon. Since then, more of the businesses unsavory practices have come to light and now, after being ditched by Fannie Mae and Freddie Mac, Baum is shutting down, laying off and closing shop. Boo hoo.