Monthly Archives: June 2012

A parched earth; No innocent bystanders in global era; RIM posts loss, to shed 5,000 jobs; America’s new Tiger immigrants

1 A parched earth (Khaleej Times) The summer of 2012 is turning out to be one of the worst in living memory for millions of people in the northern hemisphere, as a devastating drought ravages across thousands of hectares of … Continue reading

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Koreas face big drought; More banks face rigging probe; Young Indians in death wish; Google as gadget maker

1 Koreas face big drought (San Francisco Chronicle) North Korea dispatched soldiers to pour buckets of water on parched fields, and South Korean officials scrambled to save a rare mollusk threatened by the heat as the worst dry spell in … Continue reading

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Bank of England fears worse for UK; News Corp may sever publishing arm; Extreme poverty gives SA Prez sleepless nights

1 Bank of England fears worse for UK (The Guardian) A sharp deterioration in the outlook for the global economy over the last six weeks provoked Bank of England governor Mervyn King to back an extra £50bn of quantitative easing, … Continue reading

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Cyprus is fifth eurozone country to seek bailout; Downgrade for 28 Spanish banks; Americans watch 10bn video ads a month; Indian Muslims with ties to Israel

1 Cyprus is fifth eurozone country to seek bailout (The Guardian) Cyprus has become the fifth eurozone country to seek outside financial help to shore up its ailing economy after a day of heavy selling on financial markets prompted by … Continue reading

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We are in this together; Central banks hold 30% of global GDP; America’s biotech future; An oasis of feminism in India; Eurozone austerity hits world’s poor

1 We are in this together (Johannesburg Times) Austerity-strangled Greece, cheap-money US and military-ruled Egypt all exhibit different symptoms. But it is no accident so many of the world’s economies are sputtering at the same time, or that so many … Continue reading

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China economic woes may be deeper; Kenya not to send maids to Middle East; Super poor, yet super power?; Rethinking Indus Valley; Delhi’s water woes

1 Chinese economic woes may be deeper (The New York Times) As the Chinese economy continues to sputter, prominent corporate executives in China and Western economists say there is evidence that local and provincial officials are falsifying economic statistics to … Continue reading

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Downgrades for 15 big banks; Air France to cut 5,000 jobs; ‘McDonald-isation’ of hotels; The great digital ‘divide’; A solution for Greece

1 Downgrades for 15 big banks (The New York Times) Already grappling with weak profits and global economic turmoil, 15 major banks were hit with credit downgrades on Thursday that could do more damage to their bottom lines and further … Continue reading

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