The real economy is finally doing better than the money economy – The Term Sheet

A big justification for the financial crisis bailouts was that the banks were going to lead us out of the recession.

via The real economy is finally doing better than the money economy – The Term Sheet: Fortune's deals blog Term Sheet.

The new study about oligarchy that’s blowing up the Internet, explained – Vox

Who really matters in our democracy — the general public, or wealthy elites?

via The new study about oligarchy that's blowing up the Internet, explained – Vox.

Why The Rich Now Have Less Leisure Time Than The Poor – Business Insider

In 1800 the average English worker labored for 64 hours a week.

“In the 19th century you could tell how poor somebody was by how long they worked.”

In today’s advanced economies things are different.

Overall working hours have fallen over the past century.

But the rich have begun to work longer hours than the poor.

via Why The Rich Now Have Less Leisure Time Than The Poor – Business Insider.

The world’s dumbest idea: Taxing solar energy – The Week

That there is a pushback should not come as a shock.

Technological innovations are often resisted by those who have a stake in the old system,

and energy companies are deeply invested in fossil fuels and nuclear power.

via The world's dumbest idea: Taxing solar energy – The Week.

Friends, and Influence, for Sale Online – NYTimes.com

This past week, I bought 4,000 new followers on Twitter for the price of a cup of coffee.

I picked up 4,000 friends on Facebook for the same $5 and,

for a few dollars more, had half of them like a photo I shared on the site.

via Friends, and Influence, for Sale Online – NYTimes.com – NYTimes.com.

Singapore Airlines cuts back on A380 flights to Sydney, Melbourne – Australian Business Traveller

Singapore Airlines cuts back on A380 flights to Sydney, Melbourne – Flights | hotels | frequent flyer | business class – Australian Business Traveller.

Euro-Zone Fiscal Colonialism – NYTimes.com

The primary cause of the crisis was the reckless lending of German and French banks (both directly and through local banks) to Spanish and Irish homeowners, Portuguese consumers and the Greek government.

But by insisting that Greek, Irish, Portuguese and Spanish taxpayers pay in full for those banks’ mistakes, Chancellor Angela Merkel’s government and its handmaidens in Brussels have systematically privileged the interests of German and French banks over those of euro zone citizens.

via Euro-Zone Fiscal Colonialism – NYTimes.com.

Why You Should Re-Think Where You Stand on Mass Surveillance

Burying your head in the sand won’t make the problem go away.

via Why You Should Re-Think Where You Stand on Mass Surveillance.

Siemens, Chinese car maker form engine JV | MarketWatch


This is the first electric engine joint venture for Siemens in China, while BAIC also has partnerships with Hyundai Motor Co. and Daimler AG.

via Siemens, Chinese car maker form engine JV – MarketWatch.

Why Putin Isn’t Scared by $115 Billion of Debt: Russia Credit – Bloomberg

“The amount of cash on balances of Russian companies, committed credit lines from banks and the operating cash flows they will get is sufficient for the companies to comfortably service their liabilities”

via Why Putin Isn’t Scared by $115 Billion of Debt: Russia Credit – Bloomberg.