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...couple of years, according to estimates by investment bank Dresdner Kleinwort. Asia, says Arild Nysaether, telecoms analyst at investment bank Fondsfinans in Oslo, is simply "the most important part of Telenor." And it's a point not lost on bigger rivals. France Télécom, Europe's third largest operator, said in mid-April it was looking into a potential takeover of Telenor, among other options. (Telenor declined to comment...
...during The Great Depression, Americans managed to scrape together enough nickels to take in escapist fare like Marx Brothers comedies and monster flicks. Box office grosses rose during five of the last seven economic downturns in the U.S. - including the '70s oil crisis and the burst of the dot-com bubble in the early 2000s. It's not just a ticket price bump that accounts for the extra dough, either - the total number of movies people see in a year tends to rise in recessionary periods...
...Sharma's experience highlights one of the commercial spin-offs of the boom in dot-com dating - a massive growth in India's private-detective industry. "Business has skyrocketed since online matrimonial sites appeared on the scene," says Rahul Rai, director of Globe Group which is one of some 1,500 such agencies now operating in India. "Earlier, you'd marry someone your family knew well, or at least had vetted to meet their criteria. Now, with matrimonial sites, people are virtually marrying strangers...
...they paid in the first place. Effectively, the villa is free, while the owner can even earn extra cash by renting it out. And what did the Mauritian government name its brainwave? The Integrated Resort Scheme - or irs. It's enough to make the tax man see green. www.cornichebay. com...
Professional journalists and Harvard academics debated the media’s ability and responsibility to predict economic trends during a discussion about financial reporting at the Institute of Politics yesterday. In light of the recent subprime mortgage crisis and the dot-com bubble burst, the four panelists shared their perspectives on the role of journalism in shaping the financial behavior of the public. The panel members argued over whether financial crises could be predicted and whether the general population could respond to such information in order to minimize the extent of a potential economic downturn. In particular, they addressed...