According to news reports coming from Syria, President Bashar al-Assad reelected for another term receiving 88.7 percent of the vote during the just concluded Presidential Election. When he came to power fourteen years ago, he ran unopposed and receiver 99 percent of the vote. This year, election was held in early May 2014 and voting […]
Author: elegant
Netflix flexing its muscles
Netflix is making headlines again. It will raise its monthly fee for service by $1 a month for new customers in the near future. News of a price hike will create a glut of new customers to beat the clock. Netflix was experiencing seven percent customer growth for each quarter prior to the announcement. It […]
Power of Egyptian military
Turmoil in Egypt is still continuing since its 2011 revolution that resulted in the fall of Hosni Mubarak. Field Marshal Abdelfatah al-Seesi who ousted democratically elected President Mohamed Mursi recently resigned from his army post to run for the next Egyptian election for President. Many expect him to be the next President of Egypt. Army’s […]
US compete with Europe for share of luxury goods market in China
Made in the USA products are making a headway ahead of European brands in China. It is more visible in luxury accessories market where style, price and pride go head to head. Famous traditional European brands including Gucci and Louis Vuitton are competing with such US luxury brands including Michael Kors, Coach, Tory Burch and […]
Here’s why Ukraine matters to everyone
Ukraine has become a hot bed of international dealings lately. Russia has assembled a huge army with weapons drawn just a stone throw away from the eastern border of Ukraine. Russian annexation of Crimea within the last month demonstrates that Russian forces are ready to force their way into eastern Ukraine at moment notice. Why […]
Target data breach calls for new secure encrypted cards sooner
Who can forget the news that came from Target in December 2013 telling us millions of customer credit and debit card data have been stolen from its data bases. Later it was revealed that hackers stolen information on more than 70 million customers. Data stolen also includes names and addresses and phone numbers. Target is […]
So, the debate on minimum wage continues in the US
President Obama wants to increase the Federal minimum wage to $10.10 an hour by 2016. Several Nobel Prize winning economists and several other prominent economists have urged the Congress to increase the Federal minimum wage to $10.10 an hour. The median fulltime wage in the US stands at $19.55. Any increase in Federal minimum wage […]
Stolen passport at the center of missing Malaysian Flight MH370
Malaysian Airline Flight MH370 disappeared into thin air in the night of March 7, 2014 on its way from its home base of Kuala Lumpur, Malaysia to Beijing, China. The Boeing 777 was carrying 239 passengers and crew. After 115 miles into the journey, plane dropped out of radar control between Malaysia and Vietnam. Search […]
Technological companies are battling to protect patents
Patent battles are more prominent in technology companies than any other sectors of the business world. Two companies, Apple and Google, are supporting claims by others before the U.S. Supreme Court in February 2014. A ruling by the Supreme Court is expected by July 2014. Tired of infringement of their patents by others, they are […]
Ukraine in turmoil
Ukraine began to make headlines in February 2014. In the history of the country Ukraine has been maintaining close ties with Russia. It gets its energy needs especially gas from Russia at a subsidized rate and Russian gas lines runs through Ukraine to reach Europe where it makes most of its foreign sales and income. […]