"I started Docstoc in my 20’s, made the cover of one of those cliché '20 Under 20' lists, and today I employ an amazing group of 20-somethings. Call me a curmudgeon, but at 34, how I came up seems so different from what this millennial generation expects. I made a lot of mistakes along the way, and I see this generation making their own. In response, here are my 20 Things 20-Year-Olds Don’t Get." Continue reading →
"Greek prime minister Antonis Samaras will hold talks with US President Barack Obama later on Thursday. Mr Samaras is keen to secure US approval for stimulus policies for Greece's recession-hit economy, in contrast to the austerity emphasis preferred by many of its European partners, most notably Germany. US vice president Joe Biden said America had 'a stake' in Greece's economic recovery and wanted the crisis-hit nation to stay in the eurozone. 'The administration has always taken the view that it's overwhelmingly in our interest to have Greece remain a strong and vital part of the eurozone,' he said." Continue reading →
"Latest data from the Greek statistics agency showed the overall jobless rate rose to 27.6pc in May, despite a mass exodus of the best-educated young workers to the US, Australia, Britain and Germany. The figure is likely to rise further as Athens lays off 15,000 public sector workers by the end of next month to comply with European Union-International Monetary Fund (EU-IMF) Troika demands. EU economics chief Olli Rehn said Greek austerity was 'difficult but necessary', and should bear fruit in 2014. The IMF expects public debt to spiral to 176pc this year, and has warned EMU creditor states that they will have to provide substantial debt relief." Continue reading →
"China’s biggest energy firm PetroChina will join Exxon Mobil in developing Iraq’s giant West Qurna oilfield and is in talks with Lukoil to buy into a second project at the field, industry sources said on Friday. China is already the top foreign player in Iraq’s southern oilfields and a deal at West Qurna would boost its dominance and could make PetroChina the biggest single foreign investor. PetroChina partners BP at Rumaila, Iraq’s biggest oilfield, and operates the Halfaya field. The company was the first foreign firm to sign an oil service deal in Iraq after U.S.-led forces toppled former president Saddam Hussein." Continue reading →
"China deployed ships to waters near islands disputed with Japan for a record 28 hours, drawing a formal protest as it repeated a strategy of pressing its territorial claims through bolder projections of maritime power. Ships from China’s newly formed coast guard remained in the Japanese-controlled waters for the longest time since Japan bought the islands last year, Cabinet Secretary Yoshihide Suga said. Japan’s Foreign Ministry summoned a Chinese diplomat and 'sternly protested,' he said. The Chinese action around the islands comes two days after Japan unveiled the largest military ship it has produced since World War II." Continue reading →
"NITC, Iran’s biggest tanker company, increased the capacity of its supertanker fleet by 23 percent this year amid sanctions related to the nation’s nuclear program that bar most of the world’s ships from carrying Iranian crude, according to IHS Maritime. NITC has 37 supertankers and its entire fleet can hold about 86 million barrels of oil, equal to 65 days of the nation’s exports, IHS data show. European Union sanctions that started in July 2012 prevent most non-Iranian tankers from hauling the country’s crude because almost all ships are insured under the 28-nation bloc’s laws." Continue reading →
"One of the more surprising news to hit the tape yesterday was that Saudi Arabia had quietly approached Putin with a proposal for a huge arms deal and a pledge to boost Russian influence in the Arab world if only Putin would abandon Syria's Assad. It will hardly come as a surprise to anyone that in the aftermath of yesterday's dilettante mistake by Obama which alienated Putin from the western world (and its subservient states such as Saudi Arabia of course), has just said no. It will certainly come as no surprise because the biggest loser from Russia abandoning Syria would be Russia's most important company - Gazprom." Continue reading →
"Russia's loss is Sweden's gain: On Wednesday, the White House revealed that US President Obama will visit Stockholm on September 4-5, on his way to the G-20 summit in St. Petersburg. 'Sweden is a close friend and partner to the United States,' said the press secretary in a statement. And right now, Russia isn't. Obama was originally planning to be in Moscow on these dates for talks with President Vladimir Putin -- but the Russian leader has been given the brush-off. It seems the Kremlin's decision to grant asylum to fugitive US spy agency contractor Edward Snowden was the final straw." Continue reading →
"I spoke with Brewster Kahle, the founder of the nonprofit Internet Archive, perhaps the greatest of our digital libraries, and of the Wayback Machine, which allows you to browse an archive of the Web that reaches back to 1996. He is one of very few people in the United States who can talk about receiving a national-security letter. Hundreds of thousands of national-security letters have been sent. But only the plaintiffs in the three successful challenges so far—Kahle; Nicholas Merrill, of Calyx Internet Access; and the Connecticut librarians George Christian, Barbara Bailey, Peter Chase, and Janet Nocek—are known to have had them rescinded." Continue reading →
"The political fight over the Common Core academic standards rolling out in schools nationwide this fall is sure to intensify after New York reported Wednesday that students across the state failed miserably on new reading and math tests meant to reflect the more rigorous standards. Fewer than a third of students in public schools passed the new tests, officials reported. And, in a twist that could roil education policy, some highly touted charter schools flopped particularly badly. Critics fumed that the state was setting kids up to fail — and failing to acknowledge that crimped budgets, crowded classrooms and high student poverty rates have all played a role." Continue reading →