Monthly Archives: December 2012

US Congress snoozes as fiscal cliff nears; America’s first big digital defeat; The killing schoolyards

1 Congress snoozes as fiscal cliff nears (Heidi Moore in The Guardian) In just a few weeks the US will hit its borrowing limit again, and be unable to pay its bills unless extraordinary measures are taken by the treasury. … Continue reading

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Unity of European Union about to be tested; A ‘hubble’ing view; Only one athlete of the year in 2012 — Messi; How to make India politics honest

1 Unity of European Union about to be tested (Barry Eichengreen in The Guardian) Europe’s current period of relative calm coincides with the approach of Germany’s federal election in 2013, in which the incumbent chancellor, Angela Merkel, will be running … Continue reading

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S&P puts UK on negative outlook; US rejects telecom treaty; It’s a smart, smart, smart world

1 S&P puts UK on negative outlook (The Guardian) George Osborne’s economic credibility suffered a fresh blow when Standard and Poor’s became the third of the major credit ratings agency to put the UK’s AAA rating on negative outlook. S&P … Continue reading

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Jobs up, pay down in UK; Music’s godfather Ravi Shankar no more; Only 10% of India MBAs ’employable’

1 Jobs up, pay down in UK (Stephanie Flanders on BBC) Jobs prospects for young people are starting to look a bit healthier – though the average pay packet is not. Those are two clear conclusions you can draw from … Continue reading

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Bleak day for British banking; Who pays for banks’ sins?; UK Christianity in dramatic decline; India college bans jeans for girls; India far from overtaking China

1 Bleak day for British banking (Jill Treanor in The Guardian) The reputation of Britain’s banking industry took a fresh battering when HSBC was slapped with a record $1.9bn fine by US regulators for money laundering and sanctions busting, the … Continue reading

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UK on triple-dip recession alert; China recovery gains momentum; Chinese money changes Australian landscape

1 UK on triple-dip recession alert (Larry Elliott in The Guardian) The City has put the UK on triple-dip recession alert after news that falling factory and North Sea production have sent the output of industry plunging to its lowest … Continue reading

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EU back in recession; Needed: A financial system to tackle inequality; Rise of the iCrowd; A billion tourists this year

1 EU back in recession (Zoe Schneeweiss, Bloomberg) The euro-area economy was pushed into a recession for the second time in four years as trade slowed and government spending declined. Gross domestic product in the 17-nation currency bloc slipped 0.1% … Continue reading

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