The unbearable lightness of QE in summer 2012 - the US, British and
Japanese central banks out of the game (Excerpt)
The American, British (1) and Japanese central banks can only come to the
conclusion that their massive liquidity injections haven’t created any growth.
And that they cost their countries’ real economy increasingly dearly. In the
United States, it’s nearing an additional $3 of debt to generate $1 of growth
(2). Japan has stagnated for twenty years despite the overdoses of financial
stimuli: and the Bank of England is under fire from increasing criticism for its
inability to prevent the United Kingdom from falling back into recession despite
its serial QE (3)...
In China, Any US Degree Just Won't Do
"I don't think I can find a job in the United States easily because of my
visa status and the competitive job market," says Wei, who asks that his last
name and school not be identified, as do the other students interviewed for this
article. "But back in China, I have nowhere to go either. No one has ever heard
of my college – it doesn't even sound like a university. How can I even get an
interview?"...
Fear of Contagion: Merkel Steps Back from Coalition Partner FDP
Following her party's failure in a major state election, Chancellor Angela
Merkel is distancing herself from her junior coalition partner, the
business-friendly Free Democrats. It is a risky move, and could indicate that
she is aiming at a partnership with the opposition Social Democrats...
Grimsson: IMF learned new lessons in Iceland
The global financial crisis brought Iceland to the brink of collapse in
2008. Since then, the country has recovered well by doing many things
differently from the rest of the world, President Olafur Grimsson tells DW...
Argentina in the process of quitting from World Bank investment disputes
centre
Argentina says it plans to withdraw from the International Centre for
Settlement of Investment Disputes, ICSID, a World Bank body designed to
arbitrate between states and foreign investors. This follows similar decisions
by several other countries in Latin America like Bolivia, Ecuador and
Venezuela...
Diesel prices to be hiked 40-50 paise every month, Veerappa Moily
says
Diesel prices will be hiked by 40-50 paise per litre every month till
losses on the nation's most used fuel are completely wiped out, oil minister M
Veerappa Moily said today...
Africa: Wars Do End - Why Conflict in Africa Is Falling
Recent events in Mali, the Central African Republic, the Democratic
Republic of the Congo, and Sudan seem to confirm one of the most durable
stereotypes of Africa, namely that the continent is unstable and uniquely prone
to nasty political violence...
Abe can expect little sympathy from nominal allies during Okinawa
visit
When Prime Minister Shinzo Abe visits Okinawa for a meeting Saturday with
Gov. Hirokazu Nakaima and other local politicians, he’ll be sitting down mostly
with fellow Liberal Democratic Party members or those who won with LDP support.
Unfortunately for Abe, they all strongly oppose the relocation of U.S. Marine
Corps Air Station Futenma to Henoko in the northern part of the main island, a
policy dear to the prime minister and the mainstream of his party...
'Pivot' could cost Obama, Asia dearly
Recommendations of a leading US think-tank to mark President Barack
Obama's second inauguration inadvertently exposed the archaic nature of most
American foreign policy discourse regarding China's rise. Yet criticism of the
"pivot to Asia" correctly underlined the schizophrenic policy, which rather than
improve security outcomes is helping fuel all-out confrontation in East Asia...
G-20 - Group of Twenty Finance Ministers and Centr : Russia will focus on
reforming the international monetary system during its G20 presidency
At a press conference in Moscow, Russian Foreign Minister Sergei Lavrov
stated that Russia in cooperation with its like-minded partners will seek to
implement decisions on reforming the international monetary and financial
system...
The hypocrisy of the government knows no bounds.
I have said repeatedly,
and continue to say, that I am against all gun control at the moment because our
government is extremely violent and not only do I not expect it to protect the
American people in general, I believe it is far more concerned with protecting
the status quo from the people.
Exclusive: Iran crude oil exports rise to highest since EU sanctions
Iran's crude oil exports in December leapt to their highest level since
European Union sanctions took effect last July, analysts and shipping sources
said, as strong Chinese demand and tanker fleet expansion helped the OPEC member
dodge sanctions...
Britain is experiencing 'worse slump than during Great Depression'
Britain's recent economic performance is the worst since records began in
the pre-Victorian era, experts said today, apart from the two immediate post-war
slumps. Ministers today admitted Britain is facing "very, very grave
difficulties" after figures showed the economy did not grow at all in 2012...
Cantabria becomes first region in Spain to ban fracking
"Those scavengers are bleeding the Earth." That is how Manuel López
describes his battle against energy companies involved in fracking in Cantabria.
The controversial hydraulic fracturing technique, to obtain gas from depths of
over 2,000 meters, has been denounced by environmentalists all over the world
because of its possible health consequences on people in surrounding
communities...
‘Russia is ending its dependency on the global superpower’ –
Pushkov
Moscow announced that it has terminated an agreement with Washington to
cooperate in law and drug enforcement, continuing the trend of deteriorating
diplomatic relations. “Russia is reforming its relationship with the US. We have
terminated the third agreement with the U.S. in the last six months,” Aleksey
Pushkov, the head of the Foreign Affairs Committee of the Russian Lower House,
commented on Twitter...
Can the E.U. become the world’s policeman?
I realize that even a year ago, that statement would have seemed absurd. I
certainly couldn’t have written it in the immediate aftermath of the 2011 Libya
operation, during which France, Britain and a dozen other nations were barely
able to sustain a brief war, involving no ground troops, against a poorly armed
and unpopular regime...
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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 recipients worldwide.
Subscription / Contact: centre@europe2020.org
It is delivered freely on a weekly basis to 60,000 recipients worldwide.
Subscription / Contact: centre@europe2020.org
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