Speak and Write like The Economist: Говори и пиши как The Eсonomist - страница 10
At an auction organised by Stack's Bowers on March 31st, 2017, an American cent from 1793 sold for $940,000, becoming the costliest penny ever.
Starbucks opens a new branch in China every 15 hours.
Those timorous chief executives serve longer than the average Roman emperor did: bosses departing in 2015 had an average of 11 years in office for S&P 500 firms, the highest figure for 13 years.
Making money yourself from investing other people's has been a good business for over a century.
Datang, China's "sock city" near Hangzhou in 2014 it made 26bn pairs of socks, some 70 % of China's production.
As Warren Buffett puts it, "What is smart at one price is dumb at another."
Foreign workers may make goods but American cashiers still sell them.
In private equity nowadays, it seems, what counts is less the depth of your pockets than speed on your feet.
If liking motorcycles turns out to predict a lower IQ, he asks, should employers be allowed to reject job applicants who admit to liking motorcycles?
Oil's well that ends well.
But if the history of gold is any guide, what goes up will come down – and then go up again.
Economists and psychologists talk about the "curse of knowledge": people who know something have a hard time imagining someone else who does not.
Migrants from the countryside in China numbered 282m at the end of last year, 4m more than in 2015 (an increase in just one year equivalent to the population of Los Angeles).
Bankers typically make money by charging a higher rate for loans than they pay to depositors: the so-called 3–6–3 model (borrow at 3 %, lend at 6 % and be on the golf course by 3pm).
Seeing more sedans than pickup trucks, for instance, strongly suggests that a neighbourhood tends to vote for the Democrats.
Build a better mousetrap, the saying goes, and the world will beat a path to your door. Find a way to beat the stockmarket and they will construct a high-speed railway.
Executives justify flying private on the grounds that they may need to get back to the office quickly in an emergency, and that confidential documents or company devices may be lost or stolen on a commercial flight. But when they enjoy that extra security, they are exposing themselves to another risk: private-plane crashes are a leading cause of death for CEOs, behind only heart attacks, cancer and strokes.
In cheap action films the bad guy is taken out by force. In the better sort, he falls victim to his own hubris. The great risk, though, is that Europe and Russia find themselves in a film noir, where the villain's plot fails but takes everyone down with it.
You make your money working in active management but invest the proceeds passively.
Being in the chemicals business is like swimming in a vat of sulphuric acid.
In trade as elsewhere, the new administration seems prone to using statistics as a drunk uses a lamppost – for support rather than illumination.
Like an errant husband, investors may proclaim their fidelity to democracy but are not averse to seeing someone else on the side.
There are many ways to kill the goose that lays the golden eggs.
Malls were conceived in the 1950s by Victor Gruen, an Austrian immigrant, as a new enclosed version of a town square.
China has a history of hilariously inappropriate export brand-names, including Front Gate men's underwear, Long March luggage and, guaranteed to raise a laugh, Great Leap Forward floor polish.
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