Secret report: biofuel caused food crisis
Guardian - Biofuels have forced global food prices up by 75% - far more than previously estimated - according to a confidential World Bank report obtained by the Guardian. The damning unpublished assessment is based on the most detailed analysis of the crisis so far, carried out by an internationally-respected economist at global financial body.
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Rise takes eurozone rates to 7-year high
Financial Times - Eurozone interest rates hit a seven-year high on Thursday but markets were relieved by a less hawkish tone from the European Central Bank, which damped fears of further rises to come.
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Global markets - Bearish battalions
Economist - The past six months could be seen as a dreary exercise in sharing out the pain. Will workers suffer by seeing their wages rise more slowly than inflation? Will companies have to compensate their workers by raising wages, sacrificing their profit margins? Will central banks treat high commodity prices as a blip, and leave real interest rates low, penalising savers? Or will they raise interest rates and risk pushing the economy into recession? None of these choices is palatable.
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Pillow Talk
Smart Set, by Jessa Crispin - Sex is interesting, even when it’s bad. Sex memoirs, on the other hand, can be boring beyond belief. One major problem with memoir is that inevitably you’re not just writing your story, but also the story of those around you as well..
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A Vision in Concrete
Atlantic , by Benjamin Schwarz - Today, Brasilia is quite correctly regarded as a colossally wrong turn in urban planning—but the city, paradoxically, contains some of the most graceful modernist government buildings ever produced. All were designed by Oscar Niemeyer (now 100 years old and still working), who helped select Costa’s master plan and who was the creative influence behind the building and shape of the city.
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Months of Intelligence Work Led to Betancourt’s Rescue
Spiegel - Months of careful intelligence work led to the dramatic rescue of Ingrid Betancourt and 14 other hostages held by Colombian guerrillas. The Colombian government’s triumph is a blow to FARC rebels, Venezuelan President Hugo Chavez and France’s Nicolas Sarkozy.
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Da su ovo devedesete, Aleksandar Stanković bio bi junak
index.hr, by Tomislav Klauški - Žale se novinari gotovo svih redakcija na neodrživo stanje: ne kukaju samo zbog toga što ih premlaćuju, prijete im i šikaniraju, već sve glasnije prosvjeduju zbog snižavanja novinarskih standarda, zbog monopolizacije medijske scene, poplave žutila, zbog političke cenzure…
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Will Trichet drive the world over a cliff?
Telegraph Blog by Ambrose Evans-Pritchard - Sadly, we are witnessing the sort of strategic errors that turned the recession of 1930 into a global catastrophe.
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