4 posts tagged with economist by rongorongo.
Displaying 1 through 4 of 4.
In 1820 Gregor MacGregor, chieftain of the Central American principality of Poyais arrived in London and explained his problem: his principality had a fine climate, friendly natives, and a democratic government, but it needed investors and settlers to help develop it and exploit its abundant natural resources. To this end his government was to issue a £200,000 bond which would pay off at a generous 6%, as well as land rights for a modest 3 shillings an acre. MacGregor would eventually raise funds worth £3.2 billion -at today's prices- for the entirely fictional principality; this makes him arguably the most successful con-men of all time. [more inside]
What is working for the music industry and why the top buyers of pop music albums are now those over 60.
"I once proposed a solution somewhat tongue in cheek to the problem of pensions: turn retirement upside down ... people would be supported by society up to the age of 30. During that period they would study, travel, prepare for a profession, reproduce and give full-time care to their young ... After 30, they would work until they dropped dead or became incapacitated." Letter from physicist Cylon Gonçalves da Silva to The Economist in response to this original article on the problems of an ageing global population.
Two takes on the immediate future of the electric car: we are either "Going Nowhere Fast" (if you ask a petrolhead from Top Gear magazine) or we are witnessing "The End of the Petrolhead" (if you ask The Economist). A bestiary of current and planned models includes TeslaMotors (now in production), Fisker Automotive (who are being sued by Teslamotors), the GM Volt (due 2010), The Lighting Car Company, the plug in Prius, the GWiz (now slightly less squishy apparently), the Corbin Sparrow, a few (vapory?) models from Zap! and the wondrous Sinclair C5.