RSS Feed

Calendar

February 2010
M T W T F S S
« Jan   Mar »
1234567
891011121314
15161718192021
22232425262728

Search

Tag Cloud

Archives

Business Week (February 26)

2010/ 02/ 26 by jd in Global News

“Japan faces biggest crisis risk in G-10” reads the headline which is based on an assertion by Goldman Sachs’ chief economist Jim O’Neil. O’Neil is famous for coining the term BRICs (Brazil, Russia, India and China) and predicting these countries would rank among the globe’s most dominant economies by 2050. O’Neil provides several reasons for his latest prediction that Japan could experience a major economic crisis. Japan’s domestic savings have dropped, with savings rates falling below those of the U.S. Meanwhile, public debt has surged and, on top of everything, the yen is overvalued.

 

The Times (February 26)

2010/ 02/ 26 by jd in Global News

The BBC has announced plans to close two radio stations, halve web content, and cut spending on sports and overseas programming rights. The BBC thinks these reforms will reduce competition for commercial rivals and allow more money to be spent on higher quality programming. The Times (London) calls the BBC “big, bloated and cunning,” labeling the reforms “a smokescreen.” Instead, the newspaper argues the BBC should reduce the license fee and make deeper cuts to avoid competing with the private sector.

 

[archive]