Whether this is a happy conclusion or not is in the eyes of the viewer, but it certainly is interesting that on almost every count, there is little difference. Except women’s businesses tend to be smaller. Here is a recent report covering many aspects of business. Women Owned Businesses Compared to Men Owned
For people interested in economics but not necessarily mathematics, Coase offered a new way of looking at the field. Last year (at 101!) he tried to start a new academic journal amplifying his belief that traditional economics had become too focused on statistical measures. Nobel Economist Ronald Coase Dies at 102
“Economics as currently presented in textbooks and taught in the classroom does not have much to do with business management, and still less with entrepreneurship,” he wrote in an essay for Harvard Business Review, which we have also provided. Coase on Economists
In this article he pointed out that “a modern market economy with its ever-finer division of labor depends on a constantly expanding network of trade. It requires an intricate web of social institutions to coordinate the working of markets and firms across various boundaries. At a time when the modern economy is becoming increasingly institutions-intensive, the reduction of economics to price theory is troubling enough. It is suicidal for the field to slide into a hard science of choice, ignoring the influences of society, history, culture, and politics on the working of the economy.”
A recent survey of finance workers has found men are more likely than women to receive bonuses, and on average the benefits are worth up to three times more.
Bonuses paid to men in the finance sector are worth triple those to women
If the rupee still looks vulnerable, India has three options, none very palatable. One is to let the currency fall further. In most countries a cheaper currency would boost exports and help close the current-account deficit. But India’s manufacturing industry is too small and too bound in red tape to ramp up quickly. So a turn-around in the balance of payments may take time during which investors could panic. Meanwhile the weaker currency may destabilise the domestic economy by adding to inflation and increasing thegovernment’s subsidies on fuel and thus its borrowing. Where is the Rupee Going
What is the primary reason women like working for these companies: They get to make the decision about what’s best for the company and its’ products. Top Companies for Female Executives
San Francisco has always been favorable turf for women working in and around the life. A landlord kicked out one of the few strippers’ cooperatives recently. Does this business make sense in the age of the internet? The Lusty Lady Closes
Before abolishing software patents we should try to limit their scope.
One problem is in defining what constitutes a software patent. There are inventions in which software is employed. As long as some non-software product or process is affected and so long as the claims are limited to use on the product or process, the invention should be patentable.
A well-known patent attorney is skeptical about the value to the economy of a patent on software where the claims are not so limited; that is limited to affecting a defined product or process. This scope problem is one that applies to all patents. It was dealt with in 1852 or 1853 by the U.S. Supreme Court in the Samuel F. B. Morse case on the teletype.
The purpose of the patent system is to encourage investment;
investment in inventing; in development and in marketing. The greater the cost of those three matters, the greater the need for a patent. Outside of software, the Patent Office is too tough on allowing patents.. But these “close” cases should have claims narrow in scope; scope appropriate to the degree of novelty. Should We Abolish Software Patents
This week is New Zealand Money Week; an initiative that aims to give Kiwis access to expert financial advice and improve their financial literacy.
Almost 300 events will be held across the country, up from just 100 events last year. One-hundred-and-fifty schools are also getting involved.
NZ Money Week educating Kiwis about finance
The U.S. Justice Department signed an agreement with the Swiss government to allow some Swiss banks to avoid or defer prosecution stemming from a long-running probe of tax dodging by Americans using Swiss bank accounts. The Swiss banks that seek to avoid prosecution faced penalties of as much as 50 percent of the value of those assets…
Swiss Agree On Penalties For Banks That Aid Tax Evaders
