India's Chidambaram to woo investors in North America to fund current account gap
NEW DELHI - India's finance minister will seek to drum up foreign investment from the United States and Canada this week to fund a record high current account deficit, even as policymakers debate the risks of over-reliance on foreign investors to finance the gap.
Found 1 month ago on channel Reuters
U.S. Energy Boom Hits Foreign Suppliers
A handful of traditional suppliers of America's crude are scrambling to deal with the fallout of surging U.S. output. And the impact on Canada has been especially painful.
Despite the Rosy Reports, Very Few People Go to the Movies Frequently Nowadays
Are you a frequent moviegoer? That’s the term the Motion Picture Association of America gives to someone who sees at least one movie per month in the theater. And the association’s report says that across the board for all age demographics, there was an increase in frequent moviegoers last year. A Los Angeles Times story concerning the MPAA’s 2012 data pointed out that there was an especially sharp rise in older frequent moviegoers: 5.8 million Americans ages 40 to 49 went to the movies at least once per month in 2012, compared to 3.3 million the year before. The 50-59 frequent moviegoer bracket rose from 3.1 million to 3.3 million, and the 60+ group increased from 4.1 million to 4.6 million. In fact, every age group saw an increase in frequent moviegoers in 2012. These “super fans” are extremely important to the movie business, too: Though they constituted only 13% of the population, they accounted for 57% of all movie tickets sold last year. And they helped make for a strong ...
KKR to Buy Solar Farm in Canada
KKR said it agreed to buy one of North America's largest solar-energy farms from Starwood Energy Group.
Waiting for Change: The Battle Over the U.S. Penny
When was the last time you stopped to pick up a penny? Given that its purchasing power has dwindled to nearly nothing over the years, it’s probably been a while. The U.S. penny persists — but how long can it hold on? On Feb. 4, Canada will begin taking its pennies out of circulation, citing cost (it takes 1.6 cents to mint each one) and diminishing utility. And America’s anti-penny forces are hopeful that actions by our neighbor to the north will spur Washington to eliminate U.S. one-cent coins, each of which costs two cents to mint. Indeed, it gets increasingly difficult to defend a coin that costs us all money every year. But there are forces fighting for the status quo as well, including the zinc lobby. (Pennies are mostly made of zinc, not copper.) Plus, there’s the fact that without the penny, we’ll become more reliant on the nickel — a coin with it’s own sticky set of issues. Check out the latest TIME Explains video to get a sense of the U.S. penny’s persistent problems; ...