International lenders did not disclose specificities, but said it was part of global cost-cutting plansNovember 26, 2015 11:32
Best of the Web: February 25, 2011
Indian man with 39 wives, 94 children and 33 grandchildren; Calm in Saudi Arabia Speaks Volumes; F1 to lose $100m from Bahrain Grand Prix cancellation; The Libyan Oil Industry.
February 25, 2011 12:35 by Rasha Reslan
Indian man with 39 wives, 94 children and 33 grandchildren
Have you read about the Indian man who has 39 wives, 94 children and 33 grandchildren? They all live in a four storey building with 100 rooms in a mountainous village in Mizoram. Together all 167 of them eat around 200lb of rice and more than 130lb of potatoes. The patriarch heads a local Christian religious sect, called the “Chana”, which believes it will soon be ruling the world with Christ and has a membership of around 400 families. Intrigued? Read this piece for more.
Calm in Saudi Arabia Speaks Volumes
With Libya and Bahrain boiling up much attention is turning to oil rich KSA-who’s stability will determine literally businesses around the world. So how can the government ensure stability? Business Insider says “Even if Saudi Arabia avoids unrest this time, it has to continue Abdullah’s reforms to prevent an upheaval. Says former U.S. Ambassador to Saudi Arabia Richard Murphy: The Saudis need to keep creating jobs and more importantly give their citizens a ‘sense of participation in government’.”
F1 to lose $100m from Bahrain Grand Prix cancellation
The postponement of the Bahrain F1 has meant a real blow to business – business for Bahrain, Bahrain hotels, and also for Formula One. This article says that the F11 teams are expected to lose an estimated $40m from missing Bahrain, with Ferrari set for the biggest fall at $11m. However will the multi, multi millionaires cope?
Everything You Need To Know About The Libyan Oil Industry
History, as one of Kipp’s school teachers used to say, is pivotal to understanding the present. And though Kipp isn’t in the habit of agreeing with our teachers ever, we’ll give them this one today. A lot of understanding the current crisis in Libya and its implications on the Oil Industry at large is linked with understanding the country’s history. For that very purpose Kipp suggests this article.
The 20 Countries With the Highest Per Capita Cell-Phone Use
So which country do you think has the most cell phones per capita? With two cell phones for each citizen the UAE beats every other country on the list. But it is a pretty interesting list anyway; have a read to see some of the more unlikely contenders.