Monthly Archives: July 2012

Hint of an India labour time bomb; Journalism as the new villain; India power sector a joke

1 Hint of an India labour time bomb (Siddharth Philip in San Francisco Chronicle) Police have been seeking to detain workers at Maruti’s idled Manesar factory, which according to the company’s website accounts for about 40% of total production capacity, … Continue reading

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Why America can’t end poverty; Retail bankruptcies on the rise; Putting an end to being a wage slave; Discovering rural inventions in India

1 Why America can’t end poverty (The New York Times) Ronald Reagan famously said, “We fought a war on poverty and poverty won.” With 46 million Americans — 15% of the population — now counted as poor, it’s tempting to … Continue reading

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Apocalypse fear for China economy; Ebbing fortunes for India banks; Worst US drought in 50 years; India’s presidency today; ‘India railway is world’s largest open toilet’

1 Apocalypse fear for China economy (The New York Times) Talk of an economic slowdown in China has become so loud and persistent that it now has its own slang: ghost cities, ghost fleets, rocket eggs, naked officials. The downturn … Continue reading

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Factory unrest hurts India’s reputation; Steel giant Mittal scales back; Quest for six-packs in India; Facebook stock at all-time low; The age of civil society

1 Factory unrest batters India’s reputation (Harsh Joshi in The Wall Street Journal) Maruti Suzuki will recover from last week’s deadly factory riot, but the unrest strikes another blow to India’s reputation. The factory is shut down while investigators troll … Continue reading

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UK double-dip recession deepens; India factory strike reveals socio-economic strain; Zynga stock takes a plunge; Lower outlook for 17 German banks; A comic approach to India’s problems

1 UK double-dip recession deepens (The Guardian) Britain’s economic output collapsed by 0.7% in the second quarter of 2012 as the country’s double-dip recession extended into a third quarter. Across-the-board weakness in manufacturing and construction coupled with the loss of … Continue reading

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US or China, who will own the future?; How Finland keeps its head over euro crisis; Sexting a dating ritual for youth; The jobless won’t forget your help; Roadside barbers v/s Maruti workers

1 US v/s China: Who will own the future? (The Guardian) People often look at America and see a global super-power literally living on borrowed time – much of it borrowed, incidentally from China, which for all these years has … Continue reading

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Decline of middle class; Why India is so bad for women; Cisco cuts 1,300 jobs; When trust is dust; Germany outlook ‘negative’; India gives Oprah thumbs down

1 Decline of the middle class (The New York Times) For the first time since the Great Depression, middle-class families have been losing ground for more than a decade. They, and the poor, have struggled particularly badly since the financial … Continue reading

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