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South Asia

Is your cell phone about to swallow your wallet?

The Economist reports that NTT DoCoMo, Japan’s top mobile operator, is embedding credit cards into the wireless chips of cell phones:

It believes the next big thing is using phones to pay for things, by embedding a credit card into a wireless chip built into each handset.

But Kenya was first, say the BBC:

Local company moves production underseas

In an effort to revitalize the company after years of stagnant profits, BakeCo Inc., makers of Good Twist Pretzels and Fluffy Brand Cream Cakes, announced plans Monday to move their Newark-based production facility underseas.

This from the satirical magazine, The Onion. Of course, the new business environment is not without its hazards:

Online chat with Jared Diamond

Jared Diamond will be taking questions today at 3PM at He is promoting the new mini-series adaptation of his award-wining book "Guns, Germs and Steel." You can submit your questions in advance, or catch the series on PBS.

Capitalizing on externalities

The Telegraph of London calls him “the plutocrat of poo.” More to the point, Al Tank is the CEO of AgCert – an ingenious startup which capitalizes on agreements such as the Kyoto Protocol to turn effluent into cash.

Fighting corruption (and swearing): a series

Ukrainian President Viktor Yushchenko is to disband the country's traffic police because it has proved impossible to stamp out corruption. He has ordered a decree to be drawn up abolishing the department, which employs 23,000 people.

Read the full story at the BBC website. This is the 'big bang' approach to corruption. President Yuschenko is also trying to eliminate swearing: