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septembre 30, 2008

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Beijing Imposes Car Ban to Ease Pollution

septembre 30, 2008

The car ban imposed for the Olympics has expired, but according to China Daily, Beijing will impose a new 6-month ban to try to ease air pollution beginning on October 11. Read more

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China and the First McCain-Obama Debate

septembre 30, 2008

Presidential candidates Republican John McCain and Democrat Barack Obama had their first debate Friday night at the University of Mississippi, in Oxford, Mississippi.  Though scheduled to be a debate focused on foreign policy, the U.S. economic turmoil shifted the conversation somewhat. Read more

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THE MOGAMBO GURU : The world’s most powerful currency

septembre 30, 2008

Consumers who thought they could get a perpetual free lunch by borrowing money to pay for it are discovering that the bill comes sooner or later. But the golden lining to this dark cloud is visible in the East.

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Oligarchs on opposite sides of cash crisis

septembre 30, 2008

The gap between fantasy money and financial reality is weighing on Russia's oligarchs as commodity prices and share values tumble. Not least are those with interests in mineral giants Norilsk Nickel and United Company Rusal, which is currently testing whether Asian investors are willing to buy up a share issue. - John Helmer

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THE BEAR’S LAIR : Creating a great depression

septembre 30, 2008

A re-run of the Great Depression, with or without hyperinflation, is still by no means inevitable. Yet we are a lot closer than we were a month ago, and the outlook only looks bleaker when considering the likely actions of the next White House occupant. - Martin Hutchinson

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The cost of ‘no government’

septembre 30, 2008

Americans for six successive congressional elections voted into power the anti-government Republican Party. The bills for "getting the government off our backs" - including its crucial regulatory function - are now coming in. - Julian Delasantellis

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Danger - Ben and Henry at work

septembre 30, 2008

One thing is clear. United States Fed chairman Ben Bernanke and Treasury Secretary Henry Paulson have failed to cope with the financial crisis that broke out in August 2007. They have prevented orderly adjustments from bursting speculative bubbles and refused to foster long-term banking stability. Their bailout plan was inequitable, morally unacceptable, in total contradiction to sound banking principles, dangerously inflationary and potentially highly disruptive for the long-term health of the US economy. - Hossein Askari and Noureddine Krichene

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KEBABBLE : Are Turkey’s women too posh to push?

septembre 30, 2008

Last year, only 59% of Turkey's new mothers gave birth naturally. The rest chose the more costly but relatively more sanitized option of a Caesarean section: Turkey's moms are allowing technology and terror to override an intuitive experience. - Fazile Zahir (Sep 30, '08)

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SUN WUKONG : Carrying the can for China’s tragedies

septembre 30, 2008

China's swift punishment of officials linked to the tainted-milk scandal and a recent mining catastrophe may signal a new era of accountability for its leadership. But with the system still vague, and disgraced officials often swiftly re-appointed, the concept seems unlikely to be taken to its fullest extent. - Wu Zhong (Sep 30, '08)

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