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...Nevertheless, the specter of a communist country of 1.3 billion people can spook even close economic partners. In the eyes of some Australians, it is one thing to sell what lies underground to China, but rather another to let Chinese companies own Australian resources themselves. Twice this year, Chinese state-owned enterprises have snapped up major Australian mining stakes. But the biggest deal didn't go through. The state-owned Aluminum Corp. of China, better known as Chinalco, was supposed to take a $19.5 billion stake in Australian-British Rio Tinto, which controls, among other mines, vast iron-ore deposits...
...this pretty, community-printed currency? Money spent at locally owned companies tends to create more business for local suppliers, accountants, etc. The New Economics Foundation (NEF), a London think tank, compared the effects of purchasing produce at a supermarket and at a farmer's market and found that twice the money stayed in a community when folks bought locally. A study of Grand Rapids, Mich., released last fall by consulting firm Civic Economics, concluded that a 10% shift in market share from chain stores to independents would yield 1,600 new jobs and pump $137 million into the area. "Money...
...newly built roads to get such goods to market without paying bribes along the way. The best soldiers in the world can't manage every step of that process, which is why Karl Eikenberry, the new U.S. ambassador in Kabul and a retired Army lieutenant general who served twice in Afghanistan, says, "The military can help set the conditions for success. But it is not sufficient for success...
...decade mark was observed last month in Philadelphia by the First World Congress on Positive Psychology, where it was clear that the field is flourishing, to use a favorite word of positive psychologists. Planners had hoped for 800 attendees and got twice that number, with psychologists, educators and students from more than 50 countries descending upon the City of Brotherly Love. There were signs that findings by positive psychology researchers had begun to influence economics, education and even government policy in some countries. But it was also clear that some of the heady findings from the infancy of the field...
Facebook and MySpace users may want to think twice before posting their birth dates on their online profiles. According to a recent study published in The Proceedings of the National Academy of Sciences, information as basic as this can be used to pinpoint a person's Social Security number in as few as 10 tries...