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Depreciating currencies: The money-go-round Will old-fashioned scrip make a comeback?IN 1933, in the depths of the Depression, Irving Fisher, America’s most prominent economist, wrote a pamphlet on “Stamp Scrip”. This was a type of alternative currency popular in America and elsewhere at the time that was periodically taxed with a stamp so that it would be spent, not hoarded.Based on the theories of Silvio Gesell, a German “quasi-economist”, one such currency, the wara, was used to revitalise Schwanenkirchen, a Bavarian coalmining village, in 1931. “No one who received wara wished to hold [them], the workers, store-keepers, wholesalers and manufacturers all strove to get rid of them as quickly as possible, for any person who held [them] was obliged to pay the tax. So wara kept on circulating, a large part of [them] returning to the coal mine, where [they] provided work, profits and better conditions for the entire community,” Fisher wrote approvingly. ... EconomistMicrosoft To Cut 5,000 Jobs As Profits Fall 11%InformationWeek China's GDP Growth Slowed to 6.8% in Fourth Quarter (Update1) - Bloomberg Jan. 22 (Bloomberg) -- China's economy expanded at the slowest pace in seven years as the global recession dragged down exports, increasing pressure for more government spending and lower interest rates to buoy growth. Gross domestic product grew 6 ... Feed DigestNorwegian, French biotechs report cash injections Norway's Lytix Biopharma has ginned a $10.4 million funding round that will be spent on early-stage drug development. Lytix was established in 2003 by a group of scientists in the country working in the field of lytic peptides. These lytic peptide drugs can be used to treat resistant bacterial and fungal infections as well as cancer.'The company has made significant progress in the last year, initiating full preclinical development activities for two important projects,' said CEO Gunnar Saelid. 'LTX-109 is a novel antimicrobial compound that is effective against a broad range of pathogens. Indeed it is so effective, that although the initial formulation is for the treatment of skin infections, we envisage several other indications such as nail fungal infections, acne and oropharyngeal candidaisis. In oncology, LTX-315 (Oncopore) is a product aimed at the treatment of solid tumors, potentially in combination with existing therapies. Oncopore is currently in preclinical development and Fierce BiotechLighten Your Tax Load Using your home based business to lighten your tax burden is an excellent way to save money on things you spend money on anyway. By doing so, you will have more after tax dollars to re-invest into your business. ezinearticles.comHow would you rate President Barack Obama`s inauguration speech? The speech covered a lot of ground - as these speeches often do - but it was secondary to the event itself. I was there in the Mall and I have to say being surrounded by two million of my fellow Americans there to celebrate this transition of power was about as emotional a moment as I have had in my lifetime. What really amazes me is his energy and ability to sustain it through the long days and nights of this process. He looked as fresh and rested on his first official day in office as someone coming off a two week vacation. I'd say we are off to a good start but clearly all the heavy lifting is what is ahead of us.In some ways, the whole process re-affirmed my belief that this election was about the evolution of a political and social movement more than about the election of an individual. Most elections in my life have been about the individual - and of course the media just loves to spend its time on that part of the story and ignore the rest. But standing there in the Mall WSJ.com`Excellent` sales for Morrisons Supermarket chain Morrisons says it enjoyed 'excellent' Christmas trading, with like-for-like sales excluding fuel up 8.2%. CBC.caGE Healthcare forecasts Middle East health spending to double in ten years UAE. GE Healthcare's focus on 'Early Health' and advanced diagnostic solutions at Arab Health to complement the efforts of regional governments. Business Intelligence Middle EastA Guide to Reading the America Recovery and Reinvestment Bill 24/7 read though The American Recovery and Reinvestment Bill of 2009 to spend $825 billion and found some big surprises TimeLow debt load will help us weather recession As the federal government readies itself to spend next week, economists agree it could be much worse The Globe and Mail1 2 |
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