mystic man

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The World Will Never Be So Rich That It Stops Loving Diamonds

Here's an interesting chart from Rio Tinto's Alan Davies, CEO of Diamonds & Minerals.<p>It shows how the demand for certain mined goods wanes as GDP per capita rises.<p>As you can see, diamonds rise at the slowest rate. And even by 2050, the world won't be rich enough that it runs out of new buyers.<p>And …

Oil patch stocks bruised by growing U.S. outflows

U.S. investors have winnowed down their positions in some companies in the Canadian energy sector, adding to already-heavy pressure on stocks that should be getting a lift from recently improved crude prices.<p>The effect, which appears to be driven by lingering fears over Canada's ability to add new …

Brazil nuts aren’t Brazilian, our tea isn’t from China, and all the hummus is made in Virginia

A Brazil nut is not a nut. It might not be from Brazil, either. In fact, there are a lot of products in your cupboard that come from surprising places. In recent years, several second- and third-tier exporters have surpassed former centers of production, resulting in a melting pot of food origins …

India’s foreign investment reforms are not the answer to its economic woes—with one possible exception

Faced with a slowing economy, a falling currency, and a worrying current account deficit, India’s government has proposed easing foreign investment limits in sectors like telecoms and insurance, and reducing red tape in others like defense, oil refining, and stock and commodity exchanges. However, …

Why Sex Can Make You Look Younger... And Even Hotter

When we complain to our dermatologists about having dull complexions or suffering from adult acne, the last thing we expect them to prescribe is sex. But it turns out getting "busy" has benefits beyond the bedroom (or wherever you choose to get it in).<p>Dr. David Weeks, a British consultant clinical …