TRADE-AFRICA: Chinese Dragon Shifts Its Weight
By Tom Minney IPS
Getting the best out of China’s evolving role may in the end come down to African governance.
Credit: Merlin
ADDIS ABEBA, Sep 27 (IPS) – Behind the media headlines about China’s scramble into Africa, new trends are emerging of far-reaching involvement in finance, infrastructure and manufacturing. A two-way engagement even sees African lessons shaping Chinese foreign policy. Read the rest of this entry »
TBILISI, October 4 (RIA Novosti) – Georgia’s opposition Labor Party called on the president Saturday to sell off his new residence to buy accommodation for people left homeless by the August conflict over South Ossetia.
The MERCOSUR, Mercado Común del Sur, (Common Market of the South) is an ambitious economic integration project which includes the founding members Argentina, Brazil, Paraguay, Uruguay and this year Venezuela. Chile and Bolivia are associate members. Peru, Ecuador, Colombia have expressed their willingness to join the group, and Mexico has shown a growing interest.
California is the latest US state to be feeling economic shockwaves from the financial crisis on Wall Street in the form of budget deficits, dwindling finances and plummeting pension funds.
US Dollar Doomed as Credit Crisis Turning into a Currency Crisis
Currencies / US Dollar
Oct 03, 2008 – 02:18 PM
By: Jennifer_Barry Market oracle
When the precious metals were smashed out of nowhere and the dollar started climbing this summer I became very worried. I didn’t question my conviction that commodities are in a bull market, or that precious metals in particular are undervalued. I felt something sinister was at work. Neither move was justified on a fundamental level. I assumed that something very bad was about to happen and the metals needed to be brought lower in advance of the bad news. Read the rest of this entry »
The 263-171 roll call Friday by which the House approved a $700 billion government bailout bill for the battered financial industry.
A “yes” vote is a vote to pass the bill.
Voting yes were 172 Democrats and 91 Republicans.
Voting no were 63 Democrats and 108 Republicans.
X denotes those not voting.
There is 1 vacancy in the 435-member House. Read the rest of this entry »
I see Johnny with his head hanging down
Wondering how many schillings left in that pound
Cost of living it is rising so high
Dollar see that have heart attack and die Read the rest of this entry »
FOREX-US dollar falls vs euro as bailout bill approved
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NEW YORK, Oct 3 (Reuters) – The U.S. dollar fell versus the euro on Friday after the U.S. House of Representatives passed a bill to help the U.S. financial system. Read the rest of this entry »
GARDAI have not carried out any investigation into a possible link between a radio mast erected on a Dublin station and the high instances of cancer in the immediate area.
Locals living near Ronans-town Garda Station were under the impression that senior gardai had ordered an inquiry into potential links between the masts and the fact that nine officers based there have suffered brain cancer.
But the Herald has learned that no such investigation has taken place.
For all that Europe has adopted the language of neo-liberalism, it has a way to go catch up, or rather, slide back to the UK and the USA. That this was the case was shown by the endless Anglo-saxon tirades against “socialist” Europe. Just how far the neo-liberal rot had set in will be revealed by this crisis, but I suspect it will pale in comparison to the devastation over here. Unlike the UK, Europe still has a substantial high-tech industrial base, thriving agriculture, good infrastructure and high levels of education. It still has a bureaucracy which has served as a check on oligarchy and a robust dirigiste tradition. The EU doesn’t run a huge current account deficit nor is its public sector saddled with massive debt from PFI/PPP schemes: the Euro is a rising currency. Sometimes we forget that we are actually members of the EU such is the permanent mood of hostility promoted by our press. It’s time to recognise our good fortune and to enter fully into the spirit of building Europe and to join the Euro as soon as possible.
The vast majority of European financial institutions are not in difficulty
President Sarkozy has called European leaders to Paris tomorrow to discuss what everyone is fatalistically calling the global financial crisis. But it is not a world financial crisis, is it? It would be more accurate to describe it as a crisis of what the French used to call, with a contemptuous Gallic shrug, the “Anglo-Saxon model”.
