Section: Business Insider (USA)
There are 30 million slaves in the world — and half of them are children
REUTERS/Heinz-Peter BaderForced labor is common throughout the world especially in countries such as North Korea where entire families are held in forced labor camps for generations. India is estimated to hold half of the world’s slaves, many in debt bondage for generations of forced labor and prostitution. Seventy percent of those held in...
US cyber official warns of more attacks on industrial control systems
Thomson ReutersA U.S. government cyber security official warned that authorities have seen an increase in attacks that penetrate industrial control system networks over the past year, and said they are vulnerable because they are exposed to the Internet. Industrial control systems are computers that control operations of industrial processes,...
All of the problems with the economy come down to the SHOE crisis
Cathal McNaughton/ReutersThe weak growth, large output gap, low return on capital, and a host of other economic malaise are widely recognized. There seem to be two main schools. One is associated with Reinhart and Rogoff. They argue that “this time is not different” and that much of disappointment with economic performances are what...
Here’s why the Iranian ship seizure won’t derail the nuclear deal
Wikimedia CommonsIran remains on an aggressive footing toward the US six months after the completion of the landmark Iran nuclear deal. At the end of December, an Iranian war ship fired unguided missiles within 1,500 yards of a US aircraft carrier in the Strait of Hormuz. Iran arrested US citizen and businessman Siamak Namazi in October and...
Here’s the full text of President Obama’s final State of the Union address
REUTERS/Mandel Ngan/PoolPresident Obama is delivering his final State of the Union address. Here’s the full text, via the White House: Mr. Speaker, Mr. Vice President, Members of Congress, my fellow Americans. Tonight marks the eighth year I’ve come here to report on the State of the Union. And for this final one, I’m going to...
Russia wants to create 3 new military divisions with 5 nuclear missile regiments
Eduard KorniyenkoRussia says it will form three new military divisions on its Western flank this year, and deploy five strategic nuclear missile regiments on combat duty. Local news agencies quoted Defense Minister Sergei Shoigu as making the announcement on January 12. Shoigu said it will also be necessary to improve the infrastructure...
PUTIN: The deterioration of Russia’s relationship with the West is the result of many ‘mistakes’
Daniel Biskup/BILDRussian President Vladimir Putin told the German daily newspaper BILD that he believes Russia’s deteriorating relationship with the West was the result of many “mistakes” made by NATO, the US and Russia after the collapse of the Soviet Union. “We have done everything wrong,” Putin told BILD...
THE PUTIN INTERVIEW: Russian president defends recent aggression, blames US and Europe for rising tensions
Daniel Biskup/BILDGermany’s leading newspaper Bild has published an exclusive interview with Russia’s president Vladimir Putin. In partnership with Bild, Business Insider has published an English translation below. Putin discussed the Kremlin’s relationship with Germany, tensions with the NATO alliance, and the common threat of...
Bitcoin was the top performing currency in 2015
RAW Embed It’s Official: Bitcoin was the Top Performing Currency of 2015 The Money Project is an ongoing collaboration between Visual Capitalist and Texas Precious Metals that seeks to use intuitive visualizations to explore the origins, nature, and use of money. For most investors, the major story of 2015 was the expectation and eventual...
Juncker: A Dutch vote against closer ties between the EU and Ukraine could trigger a ‘continental crisis’
Thomson ReutersAMSTERDAM (Reuters) – European Commission President Jean-Claude Juncker has warned that a Dutch advisory referendum in April on the bloc’s association agreement with Ukraine could lead to a “continental crisis” if voters reject the treaty. In an interview published on Saturday by the Dutch daily NRC...
