The LEAP team doesn’t share the optimism on shale oil and
future US energy independence. We think the production boom is a temporary
flash in the pan. We have come to the conclusion that the importance of WTI (US
market) as a world oil benchmark has been diminished and that Europe Brent is
now the World Oil trade’s global benchmark. We think that oil is neither a good
investment nor a hedge against inflation...
Dans la réalité, la City – terme qui décrit l'industrie des
services financiers installés à Londres – peut être considérée comme le plus
gros paradis fiscal au monde. La première place financière européenne est,
certes, "onshore" (à terre). Mais elle est au centre d'une toile
d'araignée où rayonnent des paradis fiscaux "offshore"...
President Barack Obama sent Congress a $3.8 trillion spending
blueprint on Wednesday that strives to tame runaway deficits, raising taxes on
the wealthy and trimming popular benefit programs. In aiming for a compromise
between Republicans who refuse to raise taxes and Democrats who are seeking to
protect the benefit programs, he managed to make some on both sides
unhappy...
The EU has today agreed ground-breaking new rules forcing
oil, gas, mining and logging companies to publish details of the payments they
make to governments for access to natural resources around the world...
Have China’s exports finally gotten real? After three months
of torrid growth that many saw as in the realm of unbelievable, China’s March
exports rose 10 percent, below the 11.7 percent economists had predicted,
China’s customs announced April 10. Each of the three previous months, exports
had exceeded expectations by at least 7.5 percentage points...
A growing number of Federal Reserve policymakers favor
scaling back the Fed's "easy money" policies by midyear and ending
them by December if the labor market continues to improve, according to minutes
of its March meeting released Wednesday...
From her days in opposition to her sudden and dramatic
demise, Europe was at the heart of Margaret Thatcher's 11 years as British
Prime Minister...
One professor of politics called the measure “the verge of
being neo-secessionist,” and another said it was reminiscent of how Southern
states objected to the Supreme Court’s 1954 integration of public
schools...
The financial crisis is over and the recession ended in
2009. But one of the federal government's biggest social welfare programs,
which expanded when the economy convulsed, isn't shrinking back alongside the
recovery...
Consumer watchdogs, Internet activists and European farmers
are gearing up to fight the planned trade agreement between Europe and the
United States. Many in Europe are worried that politicians will make backroom
deals at the expense of consumers...
On the night of 6 October 2008, Thorfinnur Omarsson got a
phone call. He had just quit his job at an Icelandic TV station and was looking
forward to a "quiet time" as he was about to go back to study. It did
not turn out that way...
As I observe Team Abe in action at the helm of the Bank of
Japan and elsewhere, a rather terrifying passage from a poem by William Hughes
Mearns comes to mind: “Yesterday, upon the stair, I met a man who wasn’t there.
He wasn’t ...
With US troops recently handing over the last detention
facility in Afghanistan to their Afghan counterparts, the endgame in that
country has well and truly begun. The road ahead is tricky. While all foreign
combat troops are set to withdraw from Afghanistan by the end of 2014, the
Taliban continue to remain defiant.
Financial crises in the United States and Europe mean the
world needs a new, more stable global reserve currency, and rapidly rising
trade in renminbi. In the foreign exchange market, for example, RBS Group
figures show that the volume of renminbi trade is now about $5-6 billion a day,
double of what it was a year ago...
Il y aurait 6 millions de séropositifs en Afrique du Sud,
soit plus d’une personne sur 10. Le gouvernement réagit en lançant un programme
de distribution de médicaments antirétroviraux à un prix record de 89 rands
mensuels soit 7,5 euros.
-------------------------
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.
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