Eskindir Kebede

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Flying

How many months it takes an average worker to earn what the CEO makes in an hour

It takes the average McDonald’s worker seven months to earn what its CEO makes in just a single hour.<p>While executives at many top companies make top dollar, the typical employee at corporations like McDonald’s, Gap, Target, and Walmart still earns minimum wage, or something barely above it. The …

McDonald's

Nearly $1 trillion was smuggled out of developing countries in 2011

It’s hard to build your country when the money keeps slipping away.<p>Foreign capital flight has been a problem for developing countries this year, but a bigger problem might be the funds smuggled out by tax evaders, corrupt officials and criminals—$946.7 billion in 2011, according to the latest …

Tax Havens

Canadian, World, Politics and Business News & Analysis

FEATURE-EMPTY<p>Trade U.S. slams Canada’s NAFTA compromises but will keep talking Subscriber content<p>Marijuana stocks Cannabis producer Aphria in $826-million deal for Nuuvera as industry consolidation mounts<p>Ontario marijuana producers hit by minimum wage hike<p>Trump tax reform leads U.S. entrepreneurs …

Wall Street’s best trades of 2013

It’s that time of the year again when investors take a step back and fantasize about the voluptuous returns they might have enjoyed, had they the prescience to buy some asset class or another. Here are some of the best bets that you might have made in 2013.<p>Japanese stocks<p>Nobody has really cared …

Stock Markets

Snapchat raises $50 million in Series C funding round

Snapchat, the Venice start-up that recently turned down a $3-billion acquisition offer from Facebook, has raised $50 million in a Series C round.<p>The funding was provided by investment firm Coatue Management, which has offices in New York and Menlo Park, Calif.<p>A Snapchat spokeswoman confirmed the …

Minimum Wage, Maximum Insanity

If a teen unemployment rate of 25% is not high enough to suit, raise the minimum wage and it will go up. Logic says if you raise the price of anything, including labor, less of it will be taken. There is no good or service this is exempt from this law of economics, especially over time as markets …

How Real Is Greece's Oil And Gas Future?

If you’ve been watching Greece’s recent energy push lately, it’s been difficult not to get too excited about the country’s potential. From political commentators to Prime Minister Antonis Samaras himself, the message has been enthusiastic and clear – Greece is home to billions of barrels of oil, …

Edward Snowden, The Dark Prophet

To avoid surveillance, the first four Americans to visit Edward Snowden in Moscow carried no cell phones or laptops. They flew coach on Delta from …

Buddha's birthplace brings light to Nepal | China

The discovery of the world's earliest Buddhist temple, marking the birthplace of the Buddha south of the Himalayas in Nepal, could give a powerful push in the drive to lift nearby villagers out of crushing poverty.<p>Visits by some of the world's 500 million Buddhists to this holy site near Nepal's …

Ukraine leader 'intends to sign' EU deal after protests

Ukrainian President Viktor Yanukovych "intends to sign" the far-reaching trade and cooperation agreement with the EU that he rejected only last month, the European Union's foreign policy chief said Thursday after talks with the embattled leader.<p>Catherine Ashton said it was clear that the short-term …