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At least 80 migrants including women and children were missing after a boat sank off the Libyan coast, survivors tol
Around 250 African migrants are feared to have drowned in the Mediterranean after a rescue boat found two partially submer
Australia rejected 500 Syrian refugees on security grounds during more than a year of vetting while accepting 12,000 eligi
The boat packed with dozens of Somali refugees was more than 30 miles off war-torn Yemen's coast when a military vessel an
A US judge has halted Donald Trump's revised travel ban on citizens of six Muslim-majority nations, hours before it was du
President Donald Trump's new immigration order will remove Iraq from the list of countries whose citizens face a temporary
Canada will resettle 1,200 Yezidi refugees who faced persecution by the Islamic State group, the immigration minister has
An online petition seeking cancellation of US President Donald Trump's State Visit to the UK has quickly crossed the
The United Nations hopes that US President Donald Trump's decision to ban refugees is a temporary measure and that they wi
Unfazed by growing criticism, US President Donald Trump has asserted that his "very strict ban" on foreign nationals from
Perhaps you too have been barraged with emails asking you to identify the author of the following lines?:
"Owners of capital will stimulate working class to buy more and more of expensive goods, houses and technology, pushing them to take more and more expensive credits, until their debt becomes unbearable. The unpaid debt will lead to bankruptcy of banks, which will have to be nationalized, and the State will have to take the road which will eventually lead to..."
Christopher Hitchens doesn't tell us whether or not such is the case with him, but he writes in the Atlantic:
....One or two writers predicted that Marx’s relevance would be rediscovered: John Cassidy was arguably the most surprising of these in that one hardly expected, in the fall of 1997, an essay from the economic specialist of The New Yorker announcing that the co-author of the 1848 Communist Manifesto could turn out to be “the next” significant intellectual for those whose job it was to study the markets. James Ledbetter, himself an accomplished business journalist, has since produced an admirable Penguin edition of Marx’s journalism (most of the best, which was very good indeed, having been produced for Horace Greeley’s New York Tribune). And Francis Wheen, who wrote a notable biography of Marx in 1999, has now published an anatomy of Capital (as I shall henceforth call it), which concludes with the opinion that Marx “could yet become the most influential thinker of the twenty-first century.”
Full article: The Revenge Of Karl Marx
Left me totally speechless. Do spend these 7 minutes or so in watching this.
Advertisements are beginning to appear in newspapers and online, like one that offered “2,500,000 rubles’ worth of premium underwear for any automobile,” and another promising “lumber in Krasnoyarsk for food or medicine.” A crane manufacturer in Yekaterinburg is paying its debtors with excavators.
...In the mid-1990s, barter transactions in Russia accounted for an astonishing 50 percent of sales for midsize enterprises and 75 percent for large ones.
The practice kept businesses afloat for years but also allowed them to defer some fundamental changes needed to make them more competitive, like layoffs and price reductions. It also hurt tax revenues.
The comeback is on a small scale so far. The most recent statistics available, from November, showed that barter deals made up about 3 to 4 percent of total sales, according to the Russian Economic Barometer, an independent bulletin. Nevertheless, economists are taking note.
"The inability to think and behave rationally despite adequate intelligence"
Ever bought a 12-foot Christmas tree for a 10-foot-high apartment? Picked up a hitchhiker in a nasty part of town? Or, perhaps, taken out a mortgage you couldn't afford? The good news is that poor decision-making skills may have little effect on your IQ score, according to Keith E. Stanovich, author of What Intelligence Tests Miss: The Psychology of Rational Thought (Yale University Press). The bad news? He thinks you'd lose a few points on a more-accurate gauge of intelligence.