May 29, 2008
May 26, 2008
Also, from BBC News: "The central bank has issued a 500m Zimbabwe dollar banknote, worth US$2, to try to ease cash shortages amid the world's highest rate of inflation. The previous highest denomination note was for Z$250m, issued 10 days ago. Prices are now doubling every week instead of every month and it is hard to see how we can survive to the end of June or how an election will be feasible at all if things continue to deteriorate at this pace," said Harare economist John Robertson, according to the AP news agency. here.
May 22, 2008
May 13, 2008
"This state-of-the-art manufacturing complex in the northeastern Brazilian state of Bahia is not only the centerpiece of Ford's Brazilian turnaround plan, it is also one of the most advanced automobile plants in the world. It is more automated than many of Ford's U.S. factories, and leaner and more flexible than any other Ford facility. It can produce five different vehicle platforms at the same time and on the same line.
Ford sources said it is the sort of plant the company wants in the United States, were it not for the United Auto Workers, which has historically opposed such extensive supplier integration on the factory floor."And don't miss this video of the Ford plant.
The Wall Street Journal India writes here about India's billionaires. Are they robber barons or are they helping improve the lives of Indians? In the article, Mark Perry and Madhukar Angur say...
"First, it should be recognized that in the process of creating personal fortunes, India’s billionaires create vast amounts of wealth for others, including thousands of employees. Consider Azim Premji. At the age of 21, he took over Wipro in 1966, and helped transform it from a vegetable oil and soap company with $2 million in annual sales into a $5 billion global IT giant.
Premji obviously couldn’t have orchestrated the explosive growth of Wipro without the help of others. Wipro currently has a staff of more than 73,000, and most of those jobs are in India, and most of those jobs are relatively highly paid. The Wipro example is not unique. In almost all cases, billionaires amass personal wealth by creating large organizations that generate millions of jobs.
May 7, 2008
May 6, 2008
May 5, 2008
May 1, 2008
Think you'd be rich with a few of these in your pocket? Actually the 10 million Zimbabwe bill is worth about $4 US dollars.
- Want to buy a roll of toilet paper in Zimbabwe? That would be $145,000 dollars, about 69 US cents.
- The smallest bill in circulation in Zimbabwe is $500. Read more here.