Village Girl From Sindh Launches Tech Startup in San Francisco

Pakistani Village Girl Launches VC-Funded Tech Startup in America

Vida, a  San Francisco technology startup co-founded by Umaimah Mendhro from Akri village in Sindh, Pakistan, has received $1.3 million funding from Google Ventures, Universal Music Group and others, according to Tech Crunch.

The startup bills itself as “socially responsible” with the objective of using technology to provide a way for designers, artists and other creatives anywhere in the world to make a viable living through their work.

Vida CEO Umaima Mendhro joins a growing list ofsuccessful Pakistani-American women that includes Shama Zehra in finance, Shaan Kandawalla in technology, Shazia Sikandar in the Arts and Fatima Ali in fine cuisine.

“I am from a very small town in Pakistan and was home-schooled much of my life because we didn’t have proper schools around. I taught myself how to cut, sketch, sew, stitch, block print, screen print, oil paint, and more,” she told Tech Crunch. “Yet I couldn’t get myself to pursue art as a profession because I feared I wouldn’t be able to make a living with it,” Mendhro said. “With a love for fashion and design, I was also acutely aware of the hundreds of millions of people employed in textile and garment production, who could never get out of a cycle of poverty.”

Read more » http://www.riazhaq.com/2014/11/pakistani-village-girl-launches-vc.html

Why Marxism is on the rise again

Capitalism is in crisis across the globe – but what on earth is the alternative? Well, what about the musings of a certain 19th-century German philosopher? Yes, Karl Marx is going mainstream – and goodness knows where it will end

By The Guardian

Class conflict once seemed so straightforward. Marx and Engels wrote in the second best-selling book of all time, The Communist Manifesto: “What the bourgeoisie therefore produces, above all, are its own grave-diggers. Its fall and the victory of the proletariat are equally inevitable.” (The best-selling book of all time, incidentally, is the Bible – it only feels like it’s 50 Shades of Grey.)

Today, 164 years after Marx and Engels wrote about grave-diggers, the truth is almost the exact opposite. The proletariat, far from burying capitalism, are keeping it on life support. Overworked, underpaid workers ostensibly liberated by the largest socialist revolution in history (China’s) are driven to the brink of suicide to keep those in the west playing with their iPads. Chinese money bankrolls an otherwise bankrupt America.

The irony is scarcely wasted on leading Marxist thinkers. “The domination of capitalism globally depends today on the existence of a Chinese Communist party that gives de-localised capitalist enterprises cheap labour to lower prices and deprive workers of the rights of self-organisation,” says Jacques Rancière, the French marxist thinker and Professor of Philosophy at the University of Paris VIII. “Happily, it is possible to hope for a world less absurd and more just than today’s.”

That hope, perhaps, explains another improbable truth of our economically catastrophic times – the revival in interest in Marx and Marxist thought. Sales of Das Kapital, Marx’s masterpiece of political economy, have soared ever since 2008, as have those of The Communist Manifesto and the Grundrisse (or, to give it its English title, Outlines of the Critique of Political Economy). Their sales rose as British workers bailed out the banks to keep the degraded system going and the snouts of the rich firmly in their troughs while the rest of us struggle in debt, job insecurity or worse. There’s even a Chinese theatre director called He Nian who capitalised on Das Kapital’s renaissance to create anall-singing, all-dancing musical.

Read more » the guardian
See more » http://www.theguardian.com/world/2012/jul/04/the-return-of-marxism

Why Germans Work Fewer Hours But Produce More: A Study In Culture

When many Americans think of Germany, images of WWII soldiers and Hitler often come to mind. But what many people don’t realize is that Germany is the industrial powerhouse of Europe, and is a leading manufacturer of goods for export to developing Asian nations. We don’t hear about the superiority of German engineering in Volkswagen commercials for nothing!

The economic engine of the EU, Germany single-handedly saved the Eurozone from collapse in 2012. At the same time, German workers enjoy unparalleled worker protections and shorter working hours than most of their global counterparts. How can a country that works an average of 35 hours per week (with an average 24 paid vacation days to boot) maintain such a high level of productivity?

Read more » KNOTE
http://knote.com/2014/11/10/why-germans-work-fewer-hours-but-produce-more-a-study-in-culture/

Japan’s economy makes surprise fall into recession

Japan’s economy unexpectedly shrank for the second consecutive quarter, leaving the world’s third largest economy in technical recession.

Gross domestic product (GDP) fell at an annualised 1.6% from July to September, compared with forecasts of a 2.1% rise.

That followed a revised 7.3% contraction in the second quarter, which was the biggest fall since the March 2011 earthquake and tsunami. Economists said the weak economic data could delay a sales tax rise.

Read more » BBC
See more » http://www.bbc.com/news/business-30077122

Islamic State Kassig murder: Western jihadists probed

Western intelligence officials are trying to identify Islamic State (IS) militants seen in the video that shows the beheading of US aid worker Abdul-Rahman Kassig and 18 Syrian prisoners. Mr Kassig, 26, is the fifth Western hostage to be killed by IS. One of the militants is likely to be a Frenchman named Maxime Hauchard, 22, France’s interior minister says.

Read more » BBC
http://www.bbc.com/news/world-middle-east-30080874