The Great Recession - Outlines of Round 2

Analysts are already pointing to a policy dilemma: If these countries cut back on government borrowing, growth will suffer.

No IMF Aid. EU to Solve Greek Financial Fiasco Alone - SPIEGEL ONLINE

A growing roster of central bankers and politicians are opposed to the idea of an IMF bailout for Greece. They argue it would violate European Union law and that the bloc is big enough to solve the problem on its own.

Tribute to Haiti - in their hour of tragedy

What Haiti needs Haiti was stuck by an earthquake measuring "7.0-magnitude quake, Haiti's worst in two centuries, struck at 1653 local time (2153 GMT) on Tuesday, just 15km (10 miles) south-west of Port-au-Prince and close to the surface." More than 100,000 people are estimate …

Copenhagen and its aftermath

We did not get an agreement on 50% reductions in global emissions by 2050 or on 80% reductions by developed countries. Both were vetoed by China, despite the support of a coalition of developed and the vast majority of developing countries.

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Climate change – 'Time for Plan B' says Nigel Lawson

The world's political leaders, not least President Barack Obama and Prime Minister Gordon Brown, are in a state of severe, almost clinical, denial.

Amartya Sen at the Aspen Institute India's Conference in New Delhi - WSJ.com

India's approach should have been to push for what it considered to be a "fairer, juster deal" on climate change that all parties can agree to -- and if that means mandatory cuts, then so be it.

Brazil, China and India walk out - Copenhagen dead

In a development that took almost all observers by surprise, India, China, and Brazil walked out the plenary session of the climate summit at Copenhagen, making it certain that the summit will end in abject failure.

Carbon credits - You cant cheat a honest man

[caption id="attachment_3815" align="aligncenter" width="581" caption="For the rich, by the rich, to the rich"][/caption]

China central banker says harder to buy U.S. Treasuries | Reuters

on the global role of the dollar, Zhu told an academic audience that it was inevitable that the dollar would continue to fall in value because Washington continued to issue more Treasuries to finance its deficit spending. He then addressed where demand for that debt would come …

LatAm Bloc and GCC initiatives to end dollar monopoly

nine Latin American nations said Saturday they plan to use a new currency dubbed the ''sucre'' for trade among themselves starting in January. No sucres will be printed or coined, but the virtual currency will be used to manage debts between governments while reducing reliance o …

Oil, Dubai and India

Dubai - the modern El dorado? In the last 40 years, Dubai and Middle East oil had interesting effects in India. After the 1973 Oil Embargo, the oil riches, the glitzy infrastructure boom of the Middle East, new found power had a profound effect in India.

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PR Stunts - The Maldives underwater meeting

Maldivian officials said the idea to hold the attention-grabbing underwater cabinet meeting came from President Mohamed Nasheed when he was asked by an activist group to support its "environmental day" action on October 24. "The 350.org group asked if the Maldives can hold an  …

42 terror camps still active in Pakistan: Army chief

Chief of Army Staff Gen Deepak Kapoor has said that there are still 42 terror camps operating across the border in Pakistan in which 2000 to 2500 terrorists are still waiting to infiltrate into Indian side.

Vote on Climate change

Professor Phil Jones, director of the U.K.'s University of East Anglia's Climatic Research Unit said he stands by the science produced at the center but while the investigation takes place it was important that the CRU "continues its world leading research with as little interrup …

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European banks growing bigger

Each time the music stops. there are fewer players

Swiss move to ban Islamic minarets

In theory Switzerland is a secular state, whose constitution guarantees freedom of religious expression to all.

To Israel, with love - from India

The greatest level of sympathy towards Israel can be found in India, according to international study on behalf of the Foreign Ministry, Yedioth Ahronoth reported Friday. According to the study, which was unprecedented in scope and was undertaken by an international market res …

Nicolas Sarkozy 'helped' Roman Polanski get bail

The Glitter Dome by Joseph Wambaugh

U.K. cops arrest people just for the DNA

More than three-quarters of young black men aged between 18 and 35 are on the system, the report said.

Government must get out of schools and colleges

Before the western model brought by the British or the Church, there were ezhuthu pallis, or writing schools, run by ezhuthu ashans, or writing masters.

Another apology. This time for kids shipped from Britain to colonies

Lovely cartoon. Prime Minister Kevin Rudd issued a ... apology Monday to ... British children shipped to Australia with the promise of a better life, only to suffer abuse and neglect thousands of miles from home. At a ceremony ...

US thieves nabbed – Indians households targetted for gold

Law has finally caught up with a ring of picky burglars who had been targeting South Asian families in a Washington DC neighbourhood for their gold. Indian American residents of Fairfax, a suburb of the national capital in neighbouring Virginia, expressed relief as the police  …

Immigrants to get 100,000 kroner incentive to leave Denmark

The Danish People's Party (DF) has strengthened its immigration stance by securing an agreement to pay 'anti-social' foreigners 100,000 kroner to leave Denmark.

Should Google own the world's words?

If Google Book Search was to come into our homes every week and demand to see our reading lists, as well as instal security cameras to monitor exactly what we read, we would protest. But this is an online, invisible invasion.

Indian Monetary Authority to buy 200 tonnes of IMF gold

RBI's decision to shore up its gold reserves needs to be seen in the context of other central banks across the globe increasing their gold reserves.

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