Now they’re getting paid … But where will the next big paydays come from?
Safes are washing up along the tsunami-battered coast, and police are trying to find their owners – a unique problem in a country where many people, especially the elderly, still stash their cash at home. By one estimate, some $350 billion worth of yen doesn't circulate.
There's even a term for this hidden money in Japanese, "tansu yokin." Or literally, "wardrobe savings."
President Obama officially kicked off Monday what experts say will be the nation's costliest White House battle, as he uses the power of incumbency to raise vast sums for his re-election campaign. Outside groups also plan to flex their new legal power to spend unlimited corporate and union money in the election, dramatically increasing the price tag of the 2012 race.
HERE’S a statistic you may not be aware of: about 50 percent of the world’s uncultivated, arable land is in Africa. This abundance of potential farmland offers Africa the opportunity to feed itself and to help feed the rest of the globe. But consider another statistic: because of poor roads and a lack of storage, African farmers can lose up to 50 percent of their crop just trying to get it to market.
His inventions from 50 years ago enabled cell phones, laptops, and flat-screen TVs. Now, at age 88, he’s aiming to make solar power cheaper than coal.
If you thought that America’s financial sector had gotten enough of bad publicity, think again. The insider-trading trial of Raj Rajaratnam, a billionaire hedge-fund manager, has now begun. It is likely to provide an especially lurid exposé of the corrupt underbelly of the financial world.
US Secretary of State Hillary Clinton is set to sign a Memorandum of Understanding with the World Bank marking World Water Day today at the bank’s Washington headquarters. The MOU will strengthen support to developing countries seeking a water secure future, the State Department said.
Water is a paradoxical commodity: It seems free and plentiful, yet its supply is under tremendous strain. Use of fresh water has more than doubled in the past 50 years, and many fear that we are coming close to a frightening breaking point, a world where chronic water shortages for farmers, businesses and people are the norm. Some experts even see international conflict emerging over access to dwindling supplies.
By 2050, the world's cities will have to support 3 billion more inhabitants, mostly in developing countries, with crucial investments needed in three areas: water, energy, and transportation. Several of the planet's top city planning and environmental business experts gathered at Harvard Business School earlier this month to discuss available options.
Key concepts include: