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Governments stand powerless in face of markets

Telegraph - Food prices are rising because the world genuinely is consuming more than it is producing – and running down stocks accordingly. Yet with oil, the exact opposite is true.

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The net generation - The kids are alright

Economist - WORRIES about the damage the internet may be doing to young people has produced a mountain of books—a suitably old technology in which to express concerns about the new. Robert Bly claims that, thanks to the internet, the “neo-cortex is finally eating itself”. Today’s youth may be web-savvy, but they also [...]

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Can we go up again? The world economy

Financial Times - Reasons for hope exist in the world economy but there are also grounds for fear. The big danger is that a severe global economic downturn creates a massive second wave of credit losses on consumer and corporate loans, which further devastates the eroded capital bases of banks and other [...]

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Eastern Europe - Who’s next?

Economist - The economies of eastern Europe face stormy times, even if Western banks hold their nerve. The political fallout may be even worse.

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