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Knowledge is power – economic power – and there’s a scramble for that power

Knowledge clusters” are being built in France to kick start hi-tech industries In the United States, Europe and in rising powers such as China, there is a growth-hungry drive to invest in hi-tech research and innovation. They are looking for the ingredients that, like Google, will turn a university project into a corporation. They are…

Bankrupcy-Proof Banks Sends Sound and Fury Worldwide

The G20 group of the world’s most important economies are poised to make an unprecedented announcement: the earth would stop turning if certain banks went bankrupt. According to British daily The Financial Times, the G20 will unveil a list of 20 banks it considers literally “too big to fail”, when the group meets in Seoul,…