Sotheby's and the unionized art handlers who move its clients' prized Warhols and de Koonings ratified an agreement today on a three-year deal that brings a 10-month lockout of the workers to a close, Crain's reports. The deal increases wages one percent each year, raises the starting salary to $18.50 an hour and maintains benefits for the 42 workers who are members of Teamsters Local 814.
And then this happened: Nobel Prize-winning economist Robert Engle played Mark Fiore's satirical advertisement for a fictional pharmaceutical called ContagionEx—"sovereign transmitted debts don't have to be embarrassing or keep you from other financial relationships"—at the end of a highly technical lecture on systemic risk today at the NYU/Moody's Credit Risk Conference today. Heidi Moore says the wonks were nearly rolling in the aisles…
Ikea just published a new YouTube video on Thursday that reveals a few more details about the Uppleva TV set it is going to start selling in select European stores next month. The video was shot at the Milan Furniture Fair, where Ikea showed the device to the public for the first time.
The clip concentrates mostly on the TV’s integration into Ikea’s furniture and the company’s design choices, but also offers a few more technical details.
Today, the Internet Corporation for Assigned Names and Numbers (ICANN) closed its window for new generic top-level domain name applications. ICANN will publish a list of all the applied-for strings in two weeks, but Google today already announced some of the names it applied for. Among these are, as expected, .google and .youtube. According to Google's chief Internet evangelist and "father of the Internet" Vint Cerf, however, the company also applied for domains it thinks " have interesting and creative potential," including .lol.
Why British military leaders lack strategy, leadership and moral courage: Author article by Frank Ledwidge31 May
Losing Small Wars by former military intelligence officer Frank Ledwidge was published last year to acclaim and controversy in equal measures. The book is out soon in paperback, accompanied by a 99p ebook Punching Below Our Weight. To celebrate this, we thought we'd re-publish an article he wrote for the Yale Books Blog back in August 2011. Ledwidge discusses his time in the armed forces, describing his realisation that senior military officers are fallible and that the British military operations in Afghanistan were lacking a coherent strategy.
“I can't think of another presidential candidate in history who has ever tried to win the presidency by running against capitalism.” So said Rush Limbaugh of President Obama last week. Asked for a response during a Fox News interview, Governor Mitt Romney said, “There’s no question but that attacking capitalism.” Romney has also described the Obama presidency as a “debt-and-spending inferno.”