oikonomia

management of the household (community, society, humanity & biosphere) so as to increase its value to all members over the long run
oikos: household; and nomos: rules

Economics, social science concerned with the production, distribution, exchange, and consumption
of goods and services. Economists focus on the way in which individuals, groups, business enterprises,
and governments seek to achieve efficiently any economic objective they select. Other fields of study
also contribute to this knowledge: Psychology and ethics try to explain how objectives are formed;
history records changes in human objectives; sociology interprets human behavior in social contexts.
-Encarta

T12
Eeyore ponders a new career.
"Actually," Eeyore continued, "I'm thinking about a new career myself - personal growth and whatnot, and et ceteras, you know. I'm considering becoming an economist. Actually I didn't think of that myself. Owl suggested that I might be suited for it. He said someone called Thomas Carlyle said economics was the Dismal Science. That sounds most interesting."
-Winnie-the-Pooh On Success by Roger E. Allen & Stephen D. Allen

Monday, March 27

Nokia says phones will squash mp3 players

http://www.msnbc.msn.com/id/6448213/did/11941285/?GT1=7935

excerpts:

"Nokia produced 100 million camera phones in 2005. "

"Among famous photo industry players, Konica Minolta Holdings Inc. said in January it would withdraw from the business and Agfa-Gevaert sold its once famous photographic arm in 2004."

click and see how many music handsets Nokia made... and we'd like you to comment on Vanjoki's viewpoint.

- Group 3: Tocks, Dorothy, Yan Sheng, Jean

posted by t12cjc | 9:55 pm | 0 comments

The Container That Changed the World

http://www.nytimes.com/2006/03/23/business/23scene.html

Excerpt:
"Just as the computer revolutionized the flow of information, the shipping container revolutionized the flow of goods. As generic as the 1's and 0's of computer code, a container can hold just about anything, from coffee beans to cellphone components. By sharply cutting costs and enhancing reliability, container-based shipping enormously increased the volume of international trade and made complex supply chains possible."

read on!

- Group 3: Tocks, Dorothy, Yan Sheng, Jean

posted by t12cjc | 5:30 am | 0 comments