Economy

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Indian Union Budget 2010: Newsclick Commentary

Union Budget 2010 has been criticised by the opposition and other commentators as being pro-rich. Newsclick examines.

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Soaring Prices, Burning Bellies

Prices of essential commodities have gone up beyond imagination. The Central Government has been making promises but taken no action and 'Aam Admi' is feeling the pinch.

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Chinese "Oversavings", Domestic Wages and Healthcare Issues

Dr. Andrew Fischer of the International Institute of Social Studies talks about the Chinese "Oversavings" debate, domestic wages and healthcare issues.

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U.N. Millenium Development Goals - Shortfalls, Flawed Programmes & Breakthroughs

K.S Jomo, U.N Assistant Secretary-General for Economic Development (DESA) talks about the Millenium Development Goals(M.D.G), their shortfalls, flaws in some programmes and a few breakthroughs.

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Financial Euphoria and Aftershock

Jayati Ghosh, Networkideas.org, 6 March, 2010

It speaks volumes for the nature of capitalism that a slim little book first written more than half a century ago can still seem so...

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Should Obama Withdraw the Stimulus Package NOW?

Rohit, Newsclick

There has been much debate of late in the United States about the economy recovering from the worst crisis it has witnessed since the Great Depression of the 1930s.

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Demise of Lehman Brothers or the Financial Empire Has No Clothes

Newsclick, September 20, 2009

One year ago, Lehman Brothers collapsed and we had blood on the floor of all the major stock exchanges. The global stock markets wiped out $2.85 trillion -- more than 6 percent of its value --...

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Union Budget 2009-10: A Tightrope Walk

Prasenjit Bose, 13 July 2009

The Union Budget 2009-10 comes at a time when countries across the world are trying to fight the impact of the worst global recession since the Great Depression. The latest IMF estimates (July...

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Disinvestment: Revival of a Discredited Agenda

Prasenjit Bose

The President’s address on 4th June 2009 has unveiled the agenda of the Congress led Government at the Centre. Among its major themes was the issue of disinvestment of public sector...

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Tainted Money

C.P. Chandrasekhar, Macroscan

The money is tainted; it is a drain of wealth from the country, being located in secretive Swiss banks; and the sums involved are large. Not surprisingly, the issue of monies stashed away by...

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Web News

Banks' Record Profits Are a Political Matter

Thomas Piketty, Truthout, 23 February 2010

So BNP Paribas, the largest French and European bank, has just announced 8 billion euros of profit for 2009, tying its 2007 record. Some are already crowing: after all, isn't...

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China Tightens Belt but Keeps Eye on Social Rifts

Simon Rabinovitch and Zhou Xin, Retuters, 5 March 2010

Wen told the country's parliament that China's economy faced a clouded international outlook in 2010 and would stick to a steady policy course this year, shifting tack if needed to counter...

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A Review of "Lets Make Money"

Kim Scipes, ZSpace, February 2010

German director Erin Wagenhofer's 2008 film, Let's Make Money, is an
in-depth examination of the global economic and financial system in
the age of neo-liberalism....

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Patent nonsense

The Economist online, 5 February 2010

Do patents help or hinder innovation? Instinctively, they would seem a blessing, especially for backroom tinkerers. Patenting an idea gives its inventor a 20-year monopoly to exploit/p...

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Paul Volcker tells Senate: Risky Banking Activity is like Pornography

Andrew Clark, The Guardian, 2 February 2010

Banning commercial banks from high-risk trading would cut down on "too-big-to-fail" institutions and help protect the economy from further financial crises according to Barack Obama's...

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Why Can't We Get Anyone to Ask a Wall St. CEO the Hard Questions?

Nomi Prins, AlterNet., 14 January 2010

Articles and blogs are flooding the Web, summarizing and dissecting the opening Financial Crisis Inquiry Commission's chat with the four CEOs presiding over the strongest (read: luckiest...

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