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Average asking price for first-time buyer home jumps 6.2% in a month

Prices pushed up by ‘property drought’ caused by buy-to-let investors diving in before rise in stamp duty, claims Rightmove<p>The average asking price of a typical first-time buyer home leapt by 6.2% in a month after buy-to-let investors rushed to buy properties before last month’s stamp duty …

Housing

Poll: Is the bull market in its final stage?

How and Why Lofty Ideologies Cohabit With Rampant Corruption

Casual observers of Russian politics could be forgiven for feeling confused. On the one hand Vladimir Putin, the president, portrays himself as the helmsman of a hallowed civilisation and a moral bulwark against the metrosexual West; on the other, his cronies seem constantly to be pillaging the …

Ideology

The Most Expensive Cities For Expats

The Irish capital as Dublin is ranked 51st in this year's Mercer's Cost of Living survey for expatriots, which measures the comparative cost of over 200 items including housing, transport, food, clothing, household goods and entertainment in 211 cities around the world.<p>Belfast jumped 38 places from …

San Francisco

Indians balk at $33 million statue in new budget

NEW DELHI (AP) — In a country grappling with poverty, sluggish growth and a daunting deficit, India's new budget has set aside 2 billion rupees ($33 million) for a colossal iron-and-bronze statue almost twice the size of the Statue of Liberty.<p>The plans in Thursday's budget for a 182-meter (nearly …

India plans to build the world's largest floating solar farm

Solar farms need three things: sunlight, photovoltaic panels and a huge expanse of land. It's the third in that list that's hampering green efforts in countries like India, where space is scarce and therefore very expensive. That's why India is copying Japan's (pictured) idea of building floating …

A correction for stocks is coming, then more years of gains: Jim Paulsen

Forget London and Hong Kong—the most expensive cities for expats are in Africa

A half-dozen African cities have some of the highest costs of living worldwide for expats.<p>Mercer, a human resources consultancy, compared the prices of 200 items from blue jeans to movie tickets to an apartment in a secure area that would appeal to an expat in different cities worldwide. It then …

Hong Kong

U.S. officials: Terrorist seizure of nuclear materials in Iraq of minimal concern

Militants in Iraq have taken hold of nuclear materials at university science facilities near the northern city of Mosul, the Iraqi government has said in a letter to the United Nations.<p>But two U.S. officials told CNN on Wednesday that the small amounts of uranium aren't enriched or weapons-grade, …

ISIS Destroys Shiite Mosques And Shrines In Iraq, Dangerously Fracturing Country (PHOTOS)

The ISIS militant group is further advancing its extreme religious agenda by destroying Shiite mosques and Islamic shrines around the ancient Iraqi city of Mosul, which they captured last month. Al-Arabiya reported that the damage extends to at least four shrines to Sunni or Sufi figures, and six …

Russia's Vladimir Putin recognises Crimea as nation

http://vod-pro-ww-live.akamaized.net/mps_h264_hi/public/news/world/1061000/1061370_h264_1500k.mp4?__gda__=1522307219_5e422818472778655510abf2ec4cea4c<p><b>Russian President Vladimir Putin has signed a decree recognising Crimea as a sovereign state, paving the way for it to be absorbed into Russia.</b><p>The …

Russia

US rejects criticism of 'toothless' sanctions following Crimea referendum

Russia issues decree recognising Crimea as sovereign state as US and EU enact measures against 32 Russians and Ukrainians<p>The US and the European Union retaliated over the Crimea referendum by targeting sanctions against Russian and Ukrainian officials on Monday, a move widely greeted with …

Missing Malaysia plane MH370: What we know

<b>The missing Malaysia Airlines plane, flight MH370, had 239 people on board and was en route from Kuala Lumpur to Beijing on 8 March 2014 when air traffic control staff lost contact with it.</b><p>The search for the plane eventually focused on a 120,000 sq km area of seabed about 2,000km off the coast of …

Airplanes

Most Russians think their country is too corrupt for them to fix

The people most skeptical of their nation’s institutions are in Africa and eastern Europe, according to Transparency International’s 2013 Global Corruption Barometer. The report details citizens’ perceptions of bribery and corruption by surveying over 100,000 people in 107 countries.<p>Inhabitants of …

Corruption

A dark magic: The rise of the robot traders

<b>"Humans cannot compete on speed, it's as simple as that."</b><p>Ten years ago, John Coates was a trader in Wall Street.<p>Today, he is a neuroscientist at Cambridge University, and spends his days monitoring traders' hormones to see what makes them tick.<p>"There are simple tests you can do. When you see a …

Wall Street

Oregon Could Be The First State To Let Students To Go To College Tuition-Free

The "Pay it Forward, Pay it Back" plan lets students enroll with no money down, so long as they agree to pay up to 3% of their future salaries back into a state fund annually for 24 years.<p>"If it's done correctly it's essentially creating a social insurance vehicle for enabling access to higher …

College & University

Google And The Shrinking Screen Estate Of Search Results

A funny thing happened on the way to monetizing search results. The search results disappeared! See the screen above from a post by Tutorspree co-founder Aaron Harris. That red 13%? That’s the share of pixels on the screen devoted to organic search results on Harris’ 13 inch Macbook Air, set to …

The US needs to start encouraging saving—even if it means raising interest rates

Lately, it seems there is no safe place for your money.<p>Commodities, stocks, and even bond prices swing every day. Bonds are supposed to be safer than equities, but with this level of volatility it doesn’t seem to be the case. If you’re holding a bond fund in your portfolio, especially one with a …

Stock Markets

Microsoft Ventures launches to lure startup founders away from their MacBooks

Microsoft said today it would bring several of its venture capital programs under one banner, with a special interest in enterprise software. VoodooPC founder Rahul Sood, who joined the company in 2010, will lead the effort, to be called Microsoft Ventures. It's an effort to seed the startup world …

Lapsed Deadlines: A Silent Growth Killer Of Midsized Companies

I’ve been asked by dozens of CEOs and other senior executives of midsized firms over the years about how to accelerate growth. After I discuss the basics (e.g., do they have a differentiated strategy that produces superior value for their customers?), I typically get quizzical looks when I offer …

Square’s newest product, the Stand, takes aim at the old school cash register

In July, payments startup Square will be taking an ambitious step in trying to become the go-to assistant for small businesses. The company will be launching Square Stand, which is basically a cash register with sales analytics software. The device will go for $299 and be available in stores next …

Small Business

BRICS, VISTA, BROOMS—Just because it’s an acronym doesn’t mean it’s an investment opportunity

As Jim O’Neill steps down as head of Goldman Sachs Asset Management, the world may be looking for a new acronym to succeed his infamous coinage of BRICS, which stands for Brazil, Russia, India, China, and South Africa. Many have tried to fashion their own emerging market groupings. Adding or …

Economic Development

Debunking Myths About Highly-Skilled Immigration and the Global Race for Talent

Talk to the founders of Silicon Valley startups and they will tell you that the single greatest obstacle they face after they obtain funding is the dearth of skilled talent. They say this is limiting their ability to innovate. A group of tech CEOs told President Obama in March that five companies …

UK mobile advertising market set to grow by 90% in 2013

The UK mobile advertising market is forecast to almost double in 2013 to £1bn, as Google, Facebook and Twitter increasingly successfully mine the …

The new scourges of the sea: Nigerian pirates

Somalia—once a hotbed of piratical unrest—is quickly losing its title to Nigeria. This year more than three times as many pirate attacks have occurred in the Gulf of Guinea, off West Africa, as in the waters around Somalia on the eastern coast. A new report (pdf) published today by the …

Africa

India is surviving on less food than it did four decades ago

After a decade of breakneck economic growth, Indians are consuming fewer calories on average today than they were in the 1970s. Economic development scientists call it India’s calorie consumption puzzle, and it has been around for a while.<p>Even as incomes have increased over the past four decades, …

India

The 9 Toughest Ultramarathons

The Toughest Ultras/Marathon des Sables 2011<p>Used to be that running a 50- or 100-mile race earned you bragging rights for life. No more. Today, the word “ultra” has been slapped on laundry detergent, lite beer, and any marathon that takes a step beyond 26.2 miles. It seems like every endurance …

Adventure Travel