Monthly Archives: June 2012

Is OPEC about to break-up?

OPEC is an organisation made up of 12 oil-producing countries which operates as a cartel to try to control oil prices. It was formed in 1960 by Iran, Iraq, Kuwait, Venezuela and Saudi Arabia, with most of the rest of … Continue reading

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Spain’s euro bailout

Spain is to receive a 100 billion euro bailout to save its failed banks. Not only that but it will get a better deal than Ireland got when it was bailed out. Should the Irish government have negotiated a clause … Continue reading

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John von Neumann’s minimax theory

“Keeping up with him was all but impossible. The feeling was you were on a tricycle chasing a racing car” Israel Halperin on John von Neumann John von Neumann made huge contributions to many areas of mathematics and was also … Continue reading

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