The tax status of buyout executives is under scrutiny as politicians look beyond bankers
Credit and debit cards are ubiquitous, but they’re mostly pretty dumb. That’s about to change. Over 170 million people in the U.S. have credit cards, and the average card holder has 3.5 of them.
And those totals are not even counting debit cards, which are roughly 40% of the total market and growing. That’s a crap load of plastic! In spite of the promise of mobile payments, plastic cards are not going away any time soon.
The U.S. exported more gasoline, diesel and other fuels than it imported in 2011 for the first time since 1949, the Energy Department said today.
Shipments abroad of petroleum products exceeded imports by 439,000 barrels a day, the department said in the Petroleum Supply Monthly report. In 2010, daily net imports averaged 269,000 barrels.
U.S. refiners exported record amounts of gasoline, heating oil and diesel to meet higher global fuel demand while U.S. fuel consumption sank.
Local programmers and homegrown business models are helping to realize the vast promise of using phones to improve health care and save lives.
Erick Njenga, a 21-year-old college senior wrapping up his business IT degree at Nairobi's Strathmore University, has a gap-toothed grin and a scraggly goatee. A mild-mannered son of auditors, he didn't say much as we tucked into a lunch of grilled steak, rice, and fruit juice at an outdoor café amid the din of the city's awful traffic. But his code had done the talking.
Co-ops offer democratic alternative to shareholder-owned businesses.
The United Nations has designated 2012 as the International Year of Cooperatives, providing a great opportunity to raise the profile of an important organizational tool for spreading human rights and equality worldwide. Membership in co-operative businesses has grown to 1 billion people across 96 countries, according to new research published by the Worldwatch Institute for its Vital Signs Online publication.
It's one thing to use a little recycled paper here and there and say you're into sustainability; it's another to get your company certified as environmentally responsible. In January, the Green Press Initiative (GPI)—a nonprofit that works with the book and newspaper publishing industries to conserve natural resources, announced its long-awaited Environmentally Responsible Publisher Certification (ERPC).
Greece may be scrambling for revenue, but the French treasury has just banked some 550 million euros for doing nothing — simply letting the French franc, created in 1360, finally perish.
Friday was the last day that French francs could be turned into the Bank of France, the central bank, in exchange for the common European currency, the euro, a little more than a decade after it was introduced as bills and coins.
Shortly after noon on Thursday, Sept. 16, 1920, a powerful bomb hidden in a horse-drawn wagon exploded at the corner of Wall and Broad Streets in Manhattan. It was a pleasant late-summer day, and throngs of people had been out enjoying a lunchtime stroll, a brief respite from the great money machine, the center of American capitalism.
Now blood ran in the streets where the first U.S. Congress had convened and the Bill of Rights became law.
Brewing in Africa is on a roll. With Americans spurning beer for spirits, British pubs closing at a rate of 16 a week and Russia slapping punitive taxes on ale, the $160bn industry is increasingly looking to sub-Saharan Africa.
Much of the camera technology was invented in the United States, but US companies gave it all up.
When American companies move pieces of their operations overseas—often because manufacturing and labor costs are much cheaper—they run the risk of moving the expertise, innovation, and new growth opportunities just out of their reach as well.