Signaling that it was pleased with changes in the Global Fund to Fight AIDS, Tuberculosis and Malaria, Germany announced Thursday that it would reinstate the annual pledge of 200 million euros (about $267 million) it had made since the fund’s early days. In 2011, Germany temporarily held back half its contribution and threatened to hold back future funds in protest against inefficiencies, thefts by...
Pictures from the Week in Business
Labels: BusinessThe port of Tokyo. Following the lead of their counterparts in the United States, Japan’s central bankers announced on Tuesday what they called a groundbreaking effort to reinvigorate the country’s long-moribund economy and defeat deflation. With no room left to cut interest rates and previous steps unsuccessful, the Bank of Japan is taking a page from the Federal Reserve’s playbook and will pump...
Jan
24
St. Gallen Journal: Swiss City Fears for Cultural Legacy in Wake of a Bank’s Fall
Labels: WorldDaniel Auf der Mauer for The New York TimesBach concerts sponsored by the bank Wegelin were sometimes held at the St. Laurentius church in St. Gallen. ST. GALLEN, Switzerland — Given the modest size of its offices, a trim neo-Classical building off the marketplace, it is easy to underestimate the imprint of the bank once called Wegelin on this compact Swiss city. It is not just that it was...
AT&T Fourth-Quarter Earnings Hurt by Pensions and Storm
Labels: TechnologyOver the holiday season, AT&T sold a record number of smartphones. But its quarterly earnings took a hit from pension costs and Hurricane Sandy. Despite the setbacks, AT&T’s business had a strong fourth quarter. It sold more smartphones than its main competitor, Verizon Wireless. It also added many new contract subscribers and increased the revenue that it gets from mobile data,...
The New Old Age Blog: Grief Over New Depression Diagnosis
Labels: LifestyleWhen the American Psychiatric Association unveils a proposed new version of its Diagnostic and Statistical Manual of Mental Disorders, the bible of psychiatric diagnoses, it expects controversy. Illnesses get added or deleted, acquire new definitions or lists of symptoms. Everyone from advocacy groups to insurance companies to litigators — all have an interest in what’s defined as mental illness —...
The New Old Age Blog: Grief Over New Depression Diagnosis
Labels: HealthWhen the American Psychiatric Association unveils a proposed new version of its Diagnostic and Statistical Manual of Mental Disorders, the bible of psychiatric diagnoses, it expects controversy. Illnesses get added or deleted, acquire new definitions or lists of symptoms. Everyone from advocacy groups to insurance companies to litigators — all have an interest in what’s defined as mental illness —...
Starbucks Earnings Increased 13% in Latest Quarter
Labels: Business The company’s results were helped by a 6 percent increase in global sales at cafes open at least a year. The performance reflects the turnaround Starbucks has made since its struggles during the recession. After bringing back its founder, Howard Schultz, as chief executive in 2008, the company embarked on a reorganization that included closing underperforming stores in the United States. ...
Jan
23
The Making of Yair Lapid, Israel’s New Power Broker
Labels: WorldOliver Weiken/European Pressphoto AgencyYair Lapid spoke to reporters in Tel Aviv on Wednesday, a day after his centrist party became the second-largest faction in Parliament. TEL AVIV — They pitched tents along Rothschild Boulevard and took to the streets in unprecedented numbers, hundreds of thousands demonstrating against the rising costs of gas, apartments, even cottage cheese. Back on...
Apple’s Profits Are Flat, and Stock Drops
Labels: TechnologyApple on Wednesday reported the kind of quarter most big companies would envy, posting a profit of $13.1 billion and selling 28 percent more iPhones and 48 percent more iPads, its two biggest products. Its stock quickly sank 11 percent. What is going on? Because of its great success in recent years, many investors have come to expect nothing short of perfection from Apple. And while...
Well: Long Term Effects on Life Expectancy From Smoking
Labels: LifestyleIt is often said that smoking takes years off your life, and now a new study shows just how many: Longtime smokers can expect to lose about 10 years of life expectancy.But amid those grim findings was some good news for former smokers. Those who quit before they turn 35 can gain most if not all of that decade back, and even those who wait until middle age to kick the habit can add about five years...
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