Martin Komrska

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China state media blasts US shutdown, calls for a 'de-Americanized' world

<i>News analysis</i><p>BEIJING –With days to go before the United States debt default deadline, Beijing aired its frustrations with the shutdown Sunday, saying it was time to consider a “de-Americanized” world order.<p>With $1.28 trillion in U.S. Treasuries, China is easily the biggest foreign holder of …

What It's Like to Work for a Nine-Year-Old in a Sweatshop

This article is from the archive of our partner .<p>Few people learn what working for a nine-year-old feels like. (Most would consider the idea of …

Germany's Renewable Energy Subsidies Could Threaten Economic Growth

Germany’s race to embrace renewable energy could dampen future economic growth, according to a new study.<p>In early October, IHS Inc., an international economic research and analytics company based in Denver, CO, released the first of two reports on the future of Germany’s energy and economic …

JP Morgan is spending more on fines and lawyers than on employee salaries

JP Morgan devoted $9.3 billion to legal expenses last quarter, driving its net loss of $380 million. Its legal troubles took up 39% of its total revenue in the same period, by far the company’s largest single expense.<p>That’s right: The largest bank in the United States spends more money fighting and …

Don’t Look Backward With Your Branding: How Coca-Cola Is Going Flat

Since 2000, Google has developed Maps, Earth, Gmail, Glass, and a self-driving car, among many other breakthrough products. And Coke?<p>Recently, David Picker, a former top movie executive who shepherded such ’60s and ’70s screen classics as <i>Midnight Cowboy,</i> <i>Lenny,</i> and <i>A Hard Day’s Night,</i> wrote his …

How A Black Hole Sleeps

It ate a bunch of stellar gas and now it needs a nap.<p>Think of black holes as bottomless devouring machines? Not so much, it turns out: the black hole at the center of the Sculptor galaxy, about 13 million light years away, is currently taking a wee little napsy.<p>We first spied this black hole about …