Economic Insider
Source: Youtube
When we were introduced to Dr Pete Peterson by a mutual friend, and spoke with him for the first time on the phone, we immediately realized we were talking with someone who even by Project Camelot standards had a quite enormous amount of high quality information, backed by personal experience, on an astonishingly large range of subjects.
From Deep Pacific, Ugly and Tasty, With a Catch
Source: NY Times
The answer to the eternal mystery of what makes up a Filet-O-Fish sandwich turns out to involve an ugly creature from the sunless depths of the Pacific, whose bounty, it seems, is not limitless.
The world’s insatiable appetite for fish, with its disastrous effects on populations of favorites like red snapper, monkfish and tuna, has driven commercial fleets to deeper waters in search of creatures unlikely to star on the Food Network.
One of the most popular is the hoki, or whiptail, a bug-eyed specimen found far down in the waters around New Zealand and transformed into a major export. Read more
Robot waiters coming soon
Source: The Nation
One of several new IT systems planned by restaurant chain
Diners at MK Restaurants – Thailand’s biggest chain of suki restaurants – will soon be served by “robotic service agents” instead of human waiters and waitresses.
Deploying robots to serve the food is MK’s latest move to impress its customers with a big IT project. It plans to launch a trial with a first batch of 10 robots within six to 10 months.
Managing director Rit Thirakomen said MK would spend Bt10 million on developing the first 10 robotic service agents, or Bt1 million each. They would pilot a new food-serving feature, the objectives of which were to increase customer satisfaction at MK Restaurants and encourage local development of commercial robots. Read more
Gold back above $1000 as predicted
Source: Reuters
Gold powered through the $1,000 per ounce psychological barrier on Tuesday, carried by a wave of pent-up technical momentum and dollar weakness, with some analysts eyeing last year’s record high at $1,030.80.
Some investors were also seeing the spike in gold as a warning signal to stock market bulls and were fretting about the result of central banks and governments pumping billions of dollars into banking systems to boost growth.
Spot gold rose to $1,007.45 an ounce, its highest since March 2008, when bullion touched the $1,030.80 record. It was trading at $1,001.75 an ounce by 1442 GMT (10:42 a.m. EDT), after briefly dipping below $1,000, and versus $993.85 an ounce late in New York on Monday. Read more
China Set to Buy $50 Billion in IMF Notes
Source: The Wall Street Journal
WASHINGTON — China is on track to become the first purchaser of notes issued by the International Monetary Fund, a move that would diversify its foreign asset holdings and could give the IMF’s quasi-currency more clout.
The IMF on Wednesday said China has signed an agreement to purchase approximately $50 billion in notes from the fund. The notes are denominated in Special Drawing Rights, a quasi-currency issued by the fund and promoted by China as a potential replacement for the dollar.


