In the same
way as England, as the first industrial power, found itself handicapped by an
obsolete infrastructure from the mid-20th century, the United States, Europe in
general, Russia and China run the risk, if they don’t pay heed in keeping up
the effort of maintenance and modernisation of their infrastructure, that a
factor of their development in the second half of the 20th century becomes a
brake on their economic dynamism in the 21st century...
U.S. hiring
slows in July but jobless rate falls to four-year low
U.S.
employers slowed their pace of hiring in July but the jobless rate fell anyway,
mixed signals that could make the U.S. Federal Reserve more cautious about
drawing down its huge economic stimulus program...
G.O.P.
Rifts Lead Congress to Spending Impasse
Hours
before leaving on summer recess, Congress on Thursday hit a seemingly
intractable impasse on government spending, increasing the prospects of a
government shutdown in the fall and adding new urgency to fiscal negotiations
between the White House and a bloc of Senate Republicans...
UK
crackdown on immigrants branded racist
British
authorities have rounded up scores of "immigrant offenders" in a
nationwide operation condemned as racist, launched days after the government
began telling illegal migrants to “go home or face arrest”...
Democrats
could filibuster Summers
They think
the Fed should be led by someone who believes that strong oversight of banks is
needed to prevent another financial meltdown. They don’t think Summers
qualifies...
Restructuration
de la dette européenne, mode d'emploi
L'idée
d'une restructuration de la dette des pays européens dits périphériques
commence à faire son chemin. Mais comment procéder? Revue des méthodes, de leur
faisabilité ...et de leurs conséquences...
China
official PMI rises to 50.3 in July
China's
manufacturing sector managed to stay in expansionary phase in July, according
to official government data on Thursday, defying forecasts of a contraction...
China's
maritime rights and expansion push could lead to tension with neighbours
China's
ambitious push to boost its marine economy and maritime rights is rising higher
on the new leadership's agenda, but observers say the campaign could lead to more
friction with its neighbours...
City of
Chicago’s cash cushion plummets, debt triples, arrests drop, water use rises
Mayor Rahm
Emanuel closed the books on 2012 with $33.4 million in unallocated cash on hand
— down from $167 million the year before — while adding to the mountain of debt
piled on Chicago taxpayers, year-end audits show...
Pourquoi la presse allemande ne veut pas la publication des
minutes de la BCE
L’annonce par Mario Draghi dans une interview à la
Süddeutsche Zeitung qu’il soutenait l’idée d’une publication des minutes du
conseil des gouverneurs de la BCE a provoqué un vent de colère outre-Rhin...
Ouch! Exxon
posts big miss; Shell takes massive shale charge
Exxon Mobil
said net income fell 57 percent in the second quarter on weaker refining
results, lower production and minus a big gain in the year-ago quarter.
Separately, rival Royal Dutch Shell reported a 57 percent drop in second-quarter
net profits and it significantly wrote down the value of its shale oil fields
in North America...
US
embassies to close over security concerns
The US
State Department has confirmed that a number of US embassies and consulates
across the Middle East are to close this Sunday because of unspecified security
concerns...
Uruguay MPs
back marijuana legalisation bill
Members of
Uruguay's House of Representatives have passed a bill to legalise marijuana. If
it goes on to be approved by the Senate, Uruguay will become the first country
to regulate the production, distribution and sale of marijuana.
Unrest in
Egypt: Closed Tunnels Could Ruin Hamas
The
smuggling tunnels in Sinai are essential for the economy of the Gaza Strip. But
since the unrest broke out in Egypt, they have been closed off -- plunging the
ruling Hamas party into financial crisis...
OGM : le Conseil d'Etat autorise la culture du maïs MON810
Le Conseil d’Etat a annulé jeudi l’interdiction de cultiver
en France le maïs transgénique MON810 de la firme américaine Monsanto.
L’interdiction par le gouvernement de cultiver cet OGM en France avait déjà été
suspendue en 2011 par la justice pour carence de fondement juridique, avant
qu’un nouveau moratoire soit instauré en mars 2012...
--------------------------------
This special Press Review reviews articles from the French
and Engligh-speaking international online media relating to the unfolding
global crisis.
It is delivered freely on a weekly basis to 60,000
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