Driven up the wall MILEN GEORGIEV’S father had bought him a kit of cheap magic tricks. That was lucky, because it helped the young Bulgarian figure out the sleight-of-hand in the hustlers’ three-card con trick at an open-air market in Sofia.
Fracking the midnight oil IN A new book, “The Frackers”, Gregory Zuckerman says of the late George Mitchell, a pioneer of the technique of hydraulic fracturing to tap “unconventional” reserves of oil and gas, that “his impact eventually might even approach that of Henry Ford and Alexander Graham Bell.” Yet of late doubters have been making themselves heard too.
IN HIS 1905 book, “The Protestant Ethic and the Spirit of Capitalism”, Max Weber credited the Protestant ethic with giving rise to capitalism.
One of the jewels in Taj’s crown INDIA and Orient-Express have never rubbed along. The luxury hotel firm’s buccaneering founder, James Sherwood, visited the country in the early 1990s and had “a nightmare”.
Mayer: who’s for the chop next? IT IS a brutal management technique in which bosses grade their employees’ performance along a “vitality curve” and sack those who fall into the lowest category.
The kiss of death JAPAN’s pharmaceutical firms are an inventive bunch: only the American and British drugs industries produced more new medicines between 2005 and 2008.
ONE of the world’s biggest accountants, PwC, breathlessly bills it as perhaps “the biggest-ever accounting change”.
Let’s hope this improves his exam grades SQUEEZED between the boutique cafés and posh handbag shops in a Singapore shopping mall, Joey Tan is offering something very different, even radical, to the city-state’s consumers: play.
THE signs do not look good. On November 4th, six weeks after BlackBerry said that its biggest shareholder, Fairfax Financial, wanted to take the ailing Canadian smartphone-maker private for $4.7 billion in cash, the sale was called off.
AS A corporate motto, “The best or nothing” has a timeless quality. Gottlieb Daimler pasted it on the wall as he went about inventing the modern car in the late 19th century.
“OPERATIONS consultants sit at the front of the classroom,” says a partner at a strategy consultancy.
“In defence of our jobs”, but protests won’t save them NEWS that Spain’s largest appliance-maker is heading for bankruptcy will not come as a complete shock in the crisis-ridden country.
IN THE late 1970s Bill Gates predicted “a computer on every desk and in every home”. Laércio Cosentino, an engineer at SIGA, a Brazilian maker of software for mainframes, concluded that therefore every small firm in his country, even the ubiquitous street-corner padari a (bakery), would eventually have one too.In 1983 Mr Cosentino, then just 22, convinced his boss to set up a separate business to concentrate on serving small and medium-sized enterprises (SMEs).
LATER this month PPTV, a Chinese online-video firm, will release a new reality show called “The Goddess Office” (pictured) about four young women living together in a house, trying to create their own e-commerce company.
JAPANESE culture places great stress on distinguishing the honne, one’s genuine feelings, from the tatemae, what one must say publicly.
More than just a hub AFTER most Memphians have gone to bed and before they switch on their coffee-makers, around 150 jets land at Memphis International Airport and take off again.
A white-knuckle ride ON OCTOBER 30th OGX, the oil-and-gas firm at the heart of the business empire of Eike Batista, a flamboyant entrepreneur who was until recently Brazil’s richest man, filed for bankruptcy protection.
APOSTOLOS KAISIDIS is thankful that in 2008, after nearly half a century dealing in cars, his family firm moved out of Thessaloniki, Greece’s second-largest city, to a cheaper place 50km away, and started repairing vehicles as well as selling them.
“WE NOW understand it’s about corporate partnerships…That’s the model…and it’s killing us.” Thus did Naomi (“No Logo”) Klein, self-proclaimed champion of the anti-capitalist Occupy movement, recently castigate carbon markets, green incentives and the close ties between companies and charities that have sprung up to support them.Ms Klein can be relied on to espouse any cause that annoys business.
REFORM is a universal medicine urged upon struggling economies by liberal institutions (even The Economist has been known to prescribe it on occasion).