| Nerites Corp. raises $5.7 million
Silicon Valley firm joins $5.7M Nerites funding [San Jose] Nerites receives NIH grant [Milwaukee] Madison firm secures $100,000 NIH grant [Milwaukee] Cellectar completes $13M financing round [Milwaukee] Venture Investors closes on new fund [Milwaukee] .
the undercover economist
Gordon, a little more scientifically, used detailed listings from catalogs to measure both price and quality of clothes. Many economists still think that inflation is overestimated and we have therefore been getting richer faster than the official statistics show. But Gordon must have a point: If we have been getting rich that quickly, then our ancestors were impossibly poor. Gordon calculated that if the recent estimates of price bias are projected backward, Bruegel's peasant household would have had an income of less than $6 a year and been able to afford less than an ounce of potatoes a day back in 1569. That would have made for a different picture. The Undercover Economist appears on Saturdays in the Financial Times Magazine. Correction, June 6, 2006: The piece originally stated that Montgomery Ward's mail-order catalog was first published in 1893.
Hank and Tex in the house
Sure, they could have them in Atlanta, but abundant sunshine, golf and private jets make this quick trip south a pretty attractive option for a meeting space. Teixeira is signing autographs as I write this, as about half of the fans in attendance at this morning workout scrambled for a place in line next to the dugout as soon as they saw the first baseman emerge. Anyway, there's no update whatsoever on a possible Teixeira contract extension. Braves aren't talking about it, and neither is agent Scott Boras. And by the way, Teixeira laughed when I asked him about the rumored rift between him and Boras. "Scott and I have a great relationship," he said. "We talk about once a week." And one other thing: Teixeira is not building a house in Atlanta.
Michael Clayton
Oceans Thirteen, Good Night, and Good Luck, Syriana) is an in-house fixer at one of the largest corporate law firms in New York. At the behest of the firms co-founder Marty Bach (Pollack; Eyes Wide Shut, Cold Mountain, Tootsie), Clayton takes care of Kenner, Bach & Ledeens dirtiest work. .
Young People’s Press: Tips on finding Santa Claus and Homer Simpson
It's Christmas 365 days a year at www.claus.com and everyone is invited. You'll feel like a kid again after spending a few minutes on the site trying out all the fun activities. You can officially graduate from elf school, create your own elves and even e-mail the big guy yourself. And if malls are the last place you want to spend the holidays, you can take care of some of your Christmas shopping while you're there. There are tons of great gift ideas that are sure to brighten anyone's Christmas morning. You can also download screen savers and instant message icons to keep you in the Christmas spirit. — CHRIS CURRY BEHIND THE SIMPSONS Anything you could ever need or need to know about America's favorite family, "The Simpsons," can be found on www.thesimpsons.com.
China enacts new labour law amid rising discontent
Chinas new Labour Contract Law came into effect at the beginning of the year. The government and state-run media has hailed the legislation as a milestone in the protection of the rights of Chinese workers. In reality, it formally guarantees only the most minimal working conditions, which in many sweatshops will simply be ignored. The key provision is that all workers in China must be employed on the basis of a written contract that stipulates their wage rates and under what conditions they can be fired. Previously, at least 40 percent of employees of private companies had no contract at all. Employers must also contribute to a social insurance or unemployment fund for each worker. Employees who have worked for over 10 years for the same firm or had a fixed-term contract renewed twice are entitled to an open-ended contract.
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