The announcement yesterday that the Australian Bank, Macquarie is to buy the UK’s Thames Water utility for £8 billion may stick in the throat of UK consumers when they see the profits made by the current owner, RWE on the sale of the utility – but spare a thought for Australians who only this...
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Earlier this summer AOL put it UK arm up for sale with the reported price tag of $1.86 billion. With a claim of 2.2 million customers in the UK that put the price at a very high $845 per customer. Not surprisingly, whilst some came to look, nobody wanted to buy at that price....
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The Internet economy sometimes seems to work in an inverse way to the rest of the world. Google announced that it would spend $1.65 million on acquiring a one-year-old loss making company and its stock price goes up. Perhaps, to use the dot com-boom phrase – “we just don’t get it”. Google announced yesterday...
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With confirmation of the underground nuclear test yesterday by the Democratic Peoples Republic of Korea (DPRK) drawing the ire of world leaders across the spectrum, there appears to be little that can be done other than a full scale assault on facilities or so called ‘regime change’. With neither option favoured by the DPRK’s...
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The gold standard is a monetary system in which the standard economic unit of account is a fixed weight of gold; with all currency issuance is to one degree or another regulated by the gold supply.In modern mainstream economic thought, a gold standard is considered undesirable because it is associated with the collapse of...
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