The BBC reports that Portugal will be cutting 4 of its 14 public holidays as an “austerity measure”:
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Two religious festivals and two other public holidays will be suspended for five years from 2013.
The decision over which Catholic festivals to cut was negotiated with the Vatican.
It is hoped the suspension of the public holidays will improve competitiveness and boost economic activity.
A bunch of people have asked what the illustration that accompanied our latest N.Y. Times column is supposed to mean. Honestly, I have no idea. If you want to see a considerably less abstruse illustration concerning Freakonomics, take a look at this. It was done by a Portuguese artist, Goncalo Viana, to illustrate our Times […] Read More »