Monthly Archives: January 2013

When two Russias emerge; One billion rising — Like a feminist tsunami; Pakistan’s other problem

1 When two Russias emerge (Denis Corboy in Khaleej Times) Two Russias are emerging — one seeking freedom and prosperity, the other focused on patriotism and populism. In the first, people can travel abroad, buy and sell their homes and … Continue reading

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‘Decisive two years’ for bank reforms; Exxon Mobil is most valuable company; Revolution in universities

1 ‘Decisive two years’ for bank reform (BBC) The incoming governor of the Bank of England has said the next two years will be “decisive” for bank reform. Mark Carney, current governor of the Bank of Canada, said “shadow banking” … Continue reading

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Britain half way to triple-dip recession; Pentagon laying off 46,000 staff; Delhi: Sprawling and problematic

1 Britain half way to triple-dip recession (Phillip Inman in The Guardian) Britain is now halfway to an unprecedented triple-dip recession due to a stalled recovery in a manufacturing sector that was supposed to kickstart sustained growth in the aftermath … Continue reading

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Commerzbank plans 6,000 job cuts; Spain young jobless rate at 55%; China’s influence in Africa; Common capital of India and Pakistan; Yes, paved yards are illegal

1 Commerzbank plans 6,000 job cuts (BBC) Germany’s second-biggest lender Commerzbank is planning to cut as many as 6,000 jobs, or more than 10% of its workforce. The bank said it wants to cut between 4,000 and 6,000 full-time employees … Continue reading

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India minister to Europe: Get your act together; IMF sees global recovery ‘weakening’; Competitors at Apple’s heels; Share of US workers in union at 97-year low; Lloyds job cuts reach 38,000

1 India minister to Europe: Get your act together (Natasha Brereton-Fukui & PR Venkat in The Wall Street Journal) India’s finance minister criticized euro-zone members for not being on the same page on tackling the region’s debt crisis, saying that … Continue reading

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CEOs ‘see no growth’ in 2013; UK’s AAA rating under threat; China’s flagging future; Gangnam Style earns $8m for YouTube

1 Business leaders ‘see no growth’ in 2013 (BBC) More than half of chief executives in a new survey have predicted the global economy will continue on its current path of minimal growth in 2013. In PwC’s annual global CEO … Continue reading

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Triple-dip fears resurface; Inequality holding back recovery; The West Africa mess; Girls ‘hit hard by recession’; Rahul Gandhi’s emotional critique of India

1 Triple-dip fears resurface (Phillip Inman in The Guardian) British banks suffered a loss of business in December, adding to fears that a slowdown in activity across several sectors of the economy at the end of 2012 will push the … Continue reading

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