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:
The latest note from the World Bank’s Public Policy Journal reports that private investments in water and sanitation projects increased by 36% in 2004.
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:
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:
A new online discussion has been launched on the role of the private sector in natural disaster recovery and risk mitigation. All are encouraged to participate.