China Sends Unmanned Orbiter to the Moon

On October 24, 2014 China sent a test lunar orbiter into space. Chang’e 5 circled the moon during its eight day mission. The service module of that mission ejected a return capsule on November 1st, and later that same day the capsule safely parachuted back down to Earth.

After the capsule was released the service module arrived at the Earth-Moon Lagrangian (L2) position. There it completed three circles around that point, and then left for lunar orbit.

“It was the first time for a Chinese spacecraft to reach the L2 point, and the service module completed three circles around the point, expanding probe missions,” said Zhao Wenbo, vice director of China’s State Administration of Science, Technology and Industry for National Defense (SASTIND), according to the state-run Xinhua news agency last week.

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According to controllers on the ground, the service module’s systems are all operating well. During its orbit around the moon the module will be collecting data to help plan for Chana’s Chang’e 5 lunar mission, which is scheduled for some time in 2017.

Business News Highlights from 2014

Mango News presents the ten hottest international business news items from 2014. Included in the review are:

1. The drastic fall in the price of oil
2. The slump in employee wages
3. The US economy’s stagnation
4. The stock market
5. Sony Entertainment’s run-in with hackers
6. The advancement if information technology
7. The rising star of the telecommunications industry
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8. The improvement of sales for the auto industry, including two-wheeled vehicles
9. General improvement in the retail sector
10. Real estate still getting some of the bugs out


Hackers Take Down North Korean Internet

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President Obama Announces New Trade Relations with Cuba

The big news this week for US businesses is the thawing of relations between the United States and Cuba. The bold step taken by President Obama came as a surprise to business community, but a welcome one. According to the New York Times:

“Within hours of President Obama’s historic move to restore full diplomatic relations with Cuba, companies in the United States were already developing strategies to introduce their products and services to a market they have not been in for the better part of 50 years — if ever.”

Listen below to part of Obama’s announcement to begin trading with Cuba.
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Businessman’s Solution for the December Dilemma: A Mensch Takes on an Elf

Entrepreneur Neal Hoffman took the popular holiday doll “Elf on a Shelf” and gave it a Jewish twist when he invented “Mensch on a Bench.” For those of you whose Yiddish is a bit rusty, a mensch is someone who is literally “a person” but it means to be honest, responsible, kind, and all other good traits.

Hoffman thought up the idea of Mensch on a Bench in response to his son’s request to have an Elf on the Shelf doll. The business is booming: Hoffman sold 1,000 of these dolls last year, and has already sold 50,000 this year. Listen to him explain his business philosophy and his hope for this latest hot-selling product.

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The Great Gold Debate

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Calling All Chocolate Lovers: Learn About the Development of Luxury Chocolate Manufacturer Neuhaus

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Kansas GOP Rep Tim Huelskamp Discusses Immigration Reform

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Speculation on Merger of AOL and Yahoo

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Stocks Up, Jobless Claims, Oil Prices Down

S&P and Dow industrial average’s posting record highs last week on the news that the European Central Bank is willing to do whatever it takes to get their economic problems under control. Jobless claim fell again in anticipation of the report from the labor department.

The price of a barrel of oil is continuing to decline, and that decline is starting to be translated into savings at the gas pump. Perhaps the money saved on gas is being spent elsewhere, such as in Whole Foods and Cosco, whose stocks are heading up.

Amazon is considering a new way to minimize delivery times of orders; with the use of taxi cabs. The plan is to fill a taxi with a group of packages all heading for the same zip code, which could cut delivery times in certain geographic regions. The test areas are in San Francisco and Los Angeles.
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