Outlines of a New World
SCF Magazine, by Andrei Volodin - Regardless of what the West wishes, the world keeps on changing. They in the West are free to reiterate that the U.S. share in the world economy is about one-fourth of the global GDP, even though in reality it is smaller than one-fifth, and that would not slow down the progress of objective geo-economic processes. Of late there has been tangible evidence of a re-grouping of forces in the world economy and finances. The global role of the world’s finances continues to diminish.
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Political interference is damaging children’s education
Independent -This was the Government that promised its priority would be education, education, education. Instead, as a slew of extraordinary reports are making clear, it will be remembered by schools as the Government that could not leave well alone. The biggest inquiry into primary education for 40 years concluded yesterday that Labour’s tight, centralised control of England’s primary schools has had a devastating impact on children’s education. Micromanagement, meddling and a succession of ministerial edicts have killed the spontaneity in the nation’s classrooms. Teachers have been stripped of their powers of discretion. And the net result of a decade of new Labour “reform” has almost certainly been a decline in the quality of education that the young receive.
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Winners and losers
Economist - Today’s Europeans fear that globalisation may not be good for most people. Or, to be more precise, even if they notice the diffuse benefits (cheap jeans and high-tech gadgets), they fret about the visible losers, starting with workers whose jobs are shipped overseas. Worse, with globalisation disrupting business models at an ever finer level of detail many citizens feel they cannot be sure if they will be next.
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As green power investments rise, a fear they are being misguided
International Herald Tribune - Long considered marginal and even quixotic, energy from sources like the wind, sun and plants is turning into one of the world’s most highly valued industries. And while power generated by “green” sources remains tiny compared with fossil fuels, the sector has begun to attract the attention of big-league investors seeking to profit from a new wave of growth in alternative energy. But even as the amount of cash swells, environmental officials warn that financing is flowing to projects that may be doomed to failure.
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How Europe Lost Africa
Spiegel - The future of Europe’s special relationship with Africa is at risk as former colonies react to a blasé, if not hypocritical, European attitude toward the continent. European-style institutions could enter a profound crisis of legitimacy if things do not change soon.
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Matt Drudge: world’s most powerful journalist
Telegraph - Ten years ago, he was a reclusive, pasty-faced 31-year-old who, bashing away on his laptop in his grungy Hollywood apartment, shot to prominence when he threatened to bring down Bill Clinton’s presidency by breaking news of the Monica Lewinsky scandal.
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Moje ime je Huligan
Nacional, by Vedran Rudan - Devedeset i devet posto ljudi na Zemlji su ‘huligani’ koje, ako imaju sreće, od bankrota dijeli jedna plaća. Oni drugi nesretnici žive u nadi da će ih jednom jedna plaća dijeliti od propasti. Ostalo su robovlasnici koji se ne ukazuju i analitičari koji objašnjavaju.
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Bernanke’s Semiannual Monetary Policy Report to the Congress
Fed, by Ben Bernanke - The economic situation has become distinctly less favorable since the time of our July report. Strains in financial markets, which first became evident late last summer, have persisted; and pressures on bank capital and the continued poor functioning of markets for securitized credit have led to tighter credit conditions for many households and businesses. The growth of real gross domestic product (GDP) held up well through the third quarter despite the financial turmoil, but it has since slowed sharply. Labor market conditions have similarly softened, as job creation has slowed and the unemployment rate–at 4.9 percent in January–has moved up somewhat.
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