Beware the Obama Hype
Dissident Voice - “Blair can be a beacon to the world,” declared the Guardian in 1997. “[He is] turning leadership into an art form.” Today, merely insert “Obama”. As for historic moments, there is another that has gone unreported but is well under way — liberal democracy’s shift towards a corporate dictatorship, managed by people regardless of ethnicity, with the media as its clichéd façade.
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How Bretton Woods reshaped the world
BBC - In the summer of 1944, delegates from 44 countries met in the midst of World War II to reshape the world’s international financial system. The location of the meeting - in the plush Mount Washington Hotel in rural Bretton Woods, New Hampshire - was designed to ensure that the delegates would have no distractions, and no pressure from lobbyists or Congressmen, as they worked on their plans for post-war reconstruction.
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Is Sarkozy a closet socialist?
Economist - Part of Mr Sarkozy’s enthusiasm for state intervention can be explained by the financial crisis. With even the Americans and British bailing out companies with public money, the state is back in favour in the least likely places. The word “French”, which during the invasion of Iraq in 2003 was sometimes employed in America as an abusive synonym for “spineless”, is now more likely to be used to mean “socialist”.
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In Praise of a Rocky Transition
Nation, by Naomi Klein - The more details emerge, the clearer it becomes that Washington’s handling of the Wall Street bailout is not merely incompetent. It is borderline criminal.
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Germany, Industrialized World Enter Recession
Spiegel - Germany’s Federal Statistical Office has announced that the economy is now in recession, with third-quarter data even worse than expected. The figures aren’t much different elsewhere, with the OECD reporting the industrialized world is slipping into recession.
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Voices against corruption labor in Bulgaria despite dangers
IHT - When the white-haired coroner of Bulgaria’s capital died hanging from the jungle gym of a placid city playground, he left behind a series of what his longtime staff considered cryptic clues. These forensic examiners balked at the horror of preparing an autopsy of their former teacher, Stoycho Radanov. At the time of his death at 76 in mid-October, he was still vigorous, presiding over politically radioactive cases that uncovered botched investigative work and a deadly beating by top police officials.
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Laurent Nkunda’s war
Economist - In eastern Congo a rebel leader, Laurent Nkunda, leads an army that has clashed for several years with local militias and forces loyal to the Congolese government. Ordinary farmers, traders and families pay the price: some 250,000 have been displaced in recent weeks, nearly 1m in total are now homeless in the region; reports of massacres, rape, cholera and hunger are leaking out; the UN secretary-general, Ban Ki-moon, warns that some 100,000 desperate refugees are cut off from any help. The UN calls the humanitarian situation “catastrophic”.
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Globalization Is Good for Europe
Spiegel, by Peter Mandelson - Europe is nervously watching the dramatic changes under way in the world economy. The suspicion is: If it is good for the Chinese, then it is bad for us. But protectionism is not the answer, argues the former EU Trade Commissioner.
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