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February 15th, 2014 · No Comments

Remarkable stories from the web in a new, easier format.


Unmanned flying drones will be delivering official documents such as driving licenses to United Arab Emirates (UAE) citizens “within a year”, its government has said.

UAE to deliver driving licences, ID cards by drone

George Soros’s Quantum Endowment fund has been named the world’s most successful hedge fund, after it gained $5.5 billion in 2013, bringing the total gains since inception to $39.6 billion.

And the world’s most successful hedge fund manager is…

Soon after the global financial crisis erupted in 2008, I warned that unless the right policies were adopted, Japanese-style malaise — slow growth and near-stagnant incomes for years to come — could set in. While leaders on both sides of the Atlantic claimed that they had learned the lessons of Japan, they promptly proceeded to repeat some of the same mistakes.

Stagnation by design—economy—Commentary

Even though both companies had record smartphone sales in the final quarter of 2013, Samsung was still able to sell 35 million more smartphones than Apple did. Now on to the next thing. Samsung is poised to crush Apple in tablets using the same strategy it did to win in smartphones.

Samsung Tablets Will Overtake iPad – Business Insider

There is, however, a general belief that there are four big indicators that the committee weighs heavily in their cycle identification process. They are…

The 4 Official Recession Indicators – Business Insider

So, we have eleven aircraft carrier groups. No other country in the world has more than one. Everyone who has looked at the issue has agreed that we could do with fewer than eleven while still achieving our national security goals: Bush/Obama Defense Secretary Robert Gates, Obama Defense Secretary Chuck Hagel, and think tanks on the left and the right.

Why We Have a Debt Problem, Part 23 | The Baseline Scenario

The ongoing emerging market debacle will be less contained than sub-prime ultimately proved to be. The simple fact is that US and global profits growth have reached tipping point and the unfolding EM crisis will push global profits and thereafter the global economy into deep recession

SocGen bear growls: deflation shock-wave from Asia to trigger global recession – Telegraph Blogs

In theory, Keynesian stabilization policy should “shave the peaks and fill the valleys.” That is, when the economy falls into a recession the government should use deficit spending to lift the economy back towards the full employment level. It should then pay for the policy – increase revenues or reduce spending – during boom periods when the economy is overheated and needs to be slowed down. But what if, like now, there is no boom following the bust?

How Keynes Would Handle an Abnormally Slow Recovery | The Fiscal Times

In March, a small Chicago communications company plans to switch on an array of laser devices linking the New York Stock Exchange’s data center in Mahwah, N.J., with the Nasdaq Stock Market’s data center in another New Jersey community, Carteret.

High-Speed Stock Traders Turn to Laser Beams – Yahoo Finance

While the Commercial Aircraft Corporation of China (Comac) has yet to win any big international orders with its C919 passenger airplane, you may be flying on an aircraft manufactured by China’s state-owned commercial aerospace company sooner than you think.

You may fly on a Made-in-China aircraft sooner than you think

It has been likened to a modern-day gold rush. The growth in the popularity of nuts as a healthy snack has seen a boom in business for California’s almond farmers. Eighty-two per cent of the world’s almonds come from America’s Golden State, where it is the leading agricultural export.

BBC News – Why are almonds so expensive?

Following the recent introduction of goal line technology, a new study has claimed football is on the verge of a technology boom, with the report suggesting that by 2020, ‘cameras will be routinely embedded in player kit’.

Professional footballers could wear in-shirt cameras by 2020 – News – Trusted Reviews

Concerns about high debt and an overvalued currency are sucking gold imports into China, according to a new report from Lombard Street Research. It adds that the authorities may possibly be moving in the direction of using gold in a plan to make the yuan an international currency.

Does China plan to use gold to internationalize the yuan?

Even as the stock market seems to be coming back from a rough start to 2014, Dan Dicker of MercBloc warns that commodities are telling a much scarier story. “I’ve never seen a recovery, except for this one, that hasn’t included a rally in the base metals like copper, zinc, [and] tin,” he tells Breakout’s Jeff Macke.

As the stock market comes back, commodities tell a scarier story | Breakout – Yahoo Finance

The project to impose political union is bringing economic ruin, making the legitimacy of the EU project ever more vulnerable

The Eurozone Crisis Is Just Getting Started – Business Insider

Prices in the U.S. may increase more than many expect this year, says David Rosenberg. That’s a 180-degree turn for the economist who not long ago correctly predicted a declining inflation rate, a view now prevalent among his peers.

Rosenberg Sees Inflation After Calling Housing Bust in Recession – Bloomberg

the German economy grew by just 0.4% last year, its worst performance since the global financial crisis in 2009, with strong domestic demand only partially offsetting the continued negative impact of the euro crisis

The “Sick Man Of Europe” Is Back – German Economy Barely Grows In 2013 | Zero Hedge

But after a week in which the Dutch have skated the Americans into the ground, there are concerns within the team that the suit is to blame.

This US speed skating suit was hailed as revolutionary. But is it a dud? | Sport | theguardian.com

Google has been rolling out its ultra-quick Google Fiber service in certain U.S. cities over the last couple of years, but the tech giant is already working on much faster internet offerings. According to USA Today, Google already has internet speeds of 10 gigabits per second in the works, which could show its face in as little as three years.

DailyTech – Google Looking to Launch 10Gbps Internet Speeds in as Little as 3 Years

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