So why does the lunacy of building companies with no revenue or business model work? Jeffrey Pfeffer, a professor at Stanford’s Graduate School of Business, used that dirty word that investors scoff at: bubble. “This is 1999 all over again, but this time, it’s gotten worse,” he said, referring to the last technology bubble to burst. “We’re back to companies throwing around funny money. The economic values don’t add up.”
Mdluli was up on charges of murder, kidnapping, assault and intimidation. Where are the voices of Gwede Mantashe, Kgalema Motlanthe, Cyril Ramaphosa, Trevor Manuel and others when this rot is being perpetrated in their name? Where is the ANC of OR Tambo? It is silent, quivering in fear of its own "deployee", Jacob Zuma, a man who is running what is now clearly a gangster state.
9 India: Downgraded and unchanging (Khaleej Times) Last Wednesday, ratings agency S&P cut its outlook on India’s BBB- rating to negative from stable and warned it had a one-in-three chance of losing investment-grade status, sending shockwaves through the ministry. Its decision could raise costs for Indian borrowers and undermine foreign investor confidence in
Officials said India plans to take incremental steps to support projected growth and trim its fiscal deficit to 5.1% in the current year while - as one minister put it - “praying for good rainfalls and stable crude oil prices”. “The real issue in
10 Global car designs toe Chinese likes (Straits Times) As more and more Chinese buy cars, automakers say consumer tastes in the Asian nation have a growing influence on vehicle design the world over.