Timothy Less

9 Flips | 1 Magazine | 1 Like | @Tim_L | Keep up with Timothy Less on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Timothy Less”

Malaysian PM arrives in Australia

PERTH, Australia (AP) — Malaysia's prime minister on Thursday arrived at the Australian air force base serving as a hub for the search for Malaysia …

Sailor so 'rich' he forgot $100k yacht

It's one thing not to boast about your $100,000 yacht.<p>It's another to be so rich, you actually forget you own one.<p>For two years, the 10-meter-long Rinker 342 Fiesta Vee boat floated in a Swedish marina, its owner nowhere to be seen.<p>The keys were tied to railing on the deck for all to see, adding to …

Senate report claims Caterpillar avoided $2.4bn in US taxes

One of the world's biggest manufacturing companies diverted more than $8bn in profits to Switzerland in order to avoid US taxes, according to investigators working for the Senate.<p>Caterpillar, the world's largest maker of construction and mining equipment, allegedly avoided paying more than $2.4bn …

Pilots' strike grounds Lufthansa flights

<b>German airline Lufthansa has cancelled around 900 flights at the start of a three-day strike that is expected to affect some 425,000 passengers.</b><p>The airline says it expects a further 3,000 flights to be grounded by one of the biggest stoppages in its history.<p>Lufthansa says passengers are being …

Move over, GDP: How should you measure a country's value?

<b>Poor GDP.</b><b>Everyone seems to be rounding on the once highly regarded economic measure.</b><p>Gross domestic product - a measure of the value of goods and services a country produces - is perhaps the most powerful statistical indicator in history, and has a huge influence on global policy.<p>Yet the main …

Is GM CEO Mary Barra Being Thrown Under The Bus?

For two days this week, General Motors Chief Executive Mary Barra withstood a barrage of Congressional questioning over GM’s recall crisis. Maintaining a steady tone, and rarely showing emotion, Barra apologized, repeatedly insisted that there is a “new GM” and promised a full investigation.<p>But as …

European Investment Bank accused of engaging in hypocritical cover-up

The European Investment Bank (EIB) has been accused of engaging in a hypocritical cover-up of its own report into allegations of tax avoidance by a Zambian mining firm largely owned by the giant Swiss commodity trader GlencoreXstrata.<p>In 2005, the EIB – which is owned by the EU member states and …

Christine Lagarde: global economic growth is still too slow

The global economic recovery is too weak for comfort, according to the head of the International Monetary Fund, with the crisis in Ukraine, low eurozone inflation, and emerging market volatility all obstacles to growth.<p>Christine Lagarde said the world economy was turning the corner but growth was …