11-30-2015, 10:59 PM
The Swiss franc fell to a sharp low today after the head of the Swiss National Bank said on November 26 that he was prepared to drive interest rates even further into negative territory. Switzerland already has a -0.75% "overnight" rate for banks that draw from it. One Swiss bank plans to charge customers negative interest if they keep cash in their accounts.
After the holiday tinsel goes away, you’re left with two piles of gifts: the ones that seemed cool, and the ones that are actually great. After reviewing hundreds of gadgets this year, we’ve made a list of stuff we’d actually buy for our loved ones—or even ourselves.
Best Tech Gifts 2015: Our Favorite Gadgets - WSJ.com
One is the rise of what a commentator calls a "species of hardcore supporters" of Mr Modi, who are derisively called Modi Bhakts - bhakt means worshipper of a deity - by liberal opponents. They are not the fawning, old-fashioned sycophants that India's leaders are used to. Their identification with Mr Modi goes beyond mere spirited support, and they defend their leader with a sense of identification and aggressiveness which is unprecedented in India. Some of them behave more like his self-appointed intellectual guardians.
What the backlash against Bollywood's Aamir Khan tells us about India - BBC News
Notably, it explains why high profits aren’t spurring high investment. Consider those monopolies controlling local Internet service: their high profits don’t act as an incentive to invest in faster connections—on the contrary, they have less incentive to improve service than they would if they faced more competition and earned lower profits. Extend this logic to the economy as a whole, and the combination of a rising profit share and weak investment starts to make sense.
Challenging the Oligarchy by Paul Krugman | The New York Review of Books
I ask my players: ‘We have to play like we are desperate – not every match, every second,’” he exclaims. “I want this philosophy. The day my players relax I get crazy. They know that. I think I am a nice man but also I am demanding.
Claudio Ranieri: ‘Forty points. I can’t change our project at the moment’ | Football | The Guardian