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India Against Corruption 9

World economy 5th October 2013

Indian Politics: Kicking Out Criminals

BANGALORE | By Srikanth Vasuraj | Thanks to the Supreme Court of India, the last few days have seen some significant action, sending some powerful politicians behind bars. The country has over the years seen rising criminalization of politics with people with dubious backgrounds winning elections and occupying seats of power in Parliament. The growing cosy nexus between parties and criminals with the objective of winning seats in elections and the rising corruption amongst the ruling political class and bureaucracy have been the main cause for this alarming phenomenon.

World economy 4th October 2013

U.S. Govt Shutdown Not Debt Crunch… But Mess Can Spread Fast

WASHINGTON | By Pablo Pardo | What is the difference between the current fiscal crisis and government shutdown and an eventual U.S. default after Oct. 17th? The same between a “disruptive” event and a “major macro systemic event”. Think of the 1929 Crash or the 1973 oil shock.

No Picture

World economy 4th October 2013

Tropical Storm Karen Comes to the Rescue of Oil Prices

MEXICO FD | By David Brunat | Odd as it may sound, tropical storm Karen, expected to hit the Gulf of Mexico in the coming hours, has come to stabilize oil prices and ease concerns that a prolonged U.S. government shutdown would hurt demand. Crude rose to near $104 a barrel Friday.

fish

World economy 3rd October 2013

To Excel in Latin America, Bet on Small Fish

MEXICO FD | By David Brunat | Think small, invest big. That’s the World Economic Forum Global Competitiveness Report advice on Latin America. While the continent’s larger economies are apparently shrinking or stalling, the usually forgotten small fishes continue to grow and have become very interesting places for business.

US shutdown

World economy 3rd October 2013

No money to pay the bills

MADRID | By JP Marin Arrese | Markets are largely disregarding the Tea Party zealots’ threat to shut down both the Federal administration and the country’s ability to honour its obligations. They bet a last-ditch attempt to find a compromise, will break the current deadlock.

No Picture

World economy 3rd October 2013

15 Global Challenges for the Next Decades

WASHINGTON | By Jerome C. Glenn via BBVA Openmind| Although many of the trends and possible future developments explained in this chapter can be quite depressing, based on sixteen years of research on the 15 Global Challenges identified by The Millennium Project, I have come to the conclusion that we have the resources and ideas to address them, and that there is more agreement about how to build a better future than is evident in the media, yet decision-making and institutional capacity — so far — is insufficient to make the decisions fast enough and on the scale large enough to build a better future.

No Picture

World economy 2nd October 2013

Heard at GES: Banking Union Should Be Implemented ASAP

THE CORNER TEAM | “Banking Union is a decisive step to overcome fragilities and assymetric shots that we have seen within the euro-zone,” says Thomas Mirow from Nordbank at Global Economic Symposium (GES) 2013, which is being held in Germany’s Kiel.

No Picture

World economy 1st October 2013

Abe Goes Ahead and Orders Tax Increase

SAO PAULO | Bu Marcus Nunes | What Japan needs to do is keep doing what Abenomics said it would. Since their explicit target is 2% inflation, they will have to ‘factor out’ the tax increase. In the past they didn’t and we know what happened. If the BoJ’s Kuroda does his job well Japan has a fighting chance to progress, and the median calculation of economists that expect a short-term contraction following the tax will not pan out.

No Picture

World economy 1st October 2013

Who Will, Won’t and Might be Affected by U.S. Government Shutdown

NEW YORK | By Ana Fuentes | A game of political chicken between Republicans and Democrats ended in failure on Monday. The U.S. government is partially shutdown, which may cost the economy as much as 1 billion a week. Check out who is affected and who isn’t. And bear in mind this is just an appetizer for the real havoc: the debt crush is announced for October 17.