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New York Times (January 18)

2011/ 01/ 20 by jd in Global News

“The number of Americans living in poverty rose by 1.7 million to nearly 47.5 million” or nearly 16% of the population during 2008. Regrettable, this was nonetheless expected given the extent of the Great Recession. Surprisingly, the poverty level remained stable during 2009, despite mounting job losses. This shows the Government’s stimulus and safety net measures made a difference. The New York Times urges Congress not to slash essential spending, “reducing federal help now will almost ensure more poverty later.”

 

Institutional Investor (January Issue)

2011/ 01/ 19 by jd in Global News

Cognizant Technology Solutions Corp. was “the only company to capture first-place honors in every category in its sector” in Institutional Investor’s 2011 All-America Executive Team, a ranking of the companies with the best CEOs, CFOs, IROs and investor relations programs. Among other things, Cognizant was recognized for prudent expansion during the financial crisis, resulting in a revenue leap of “42 percent year-over-year in the second quarter, to $1.1 billion.”

Cognizant Technology Solutions Corp. was “the only company to capture first-place honors in every category in its sector” in Institutional Investor’s 2011 All-America Executive Team, a ranking of the companies with the best CEOs, CFOs, IROs and investor relations programs. Among other things, Cognizant was recognized for prudent expansion during the financial crisis, resulting in a revenue leap of “42 percent year-over-year in the second quarter, to $1.1 billion.”

 

Wall Street Journal (January 15)

2011/ 01/ 18 by jd in Global News

The revolt in Tunisia reminds the world that dictatorships often appear strong… “right up to the moment they fall.” Former dictator 74-year-old Zine el Abidine Ben Ali has now fled Tunisia, but “what Tunisians will get next is anybody’s guess.”

 

Boston Globe (January 14)

2011/ 01/ 17 by jd in Global News

A “time-honored” tradition is falling victim to technology. A big snow used to mean a day spent doing nothing at home. Today, however, technology means snow days are spent replying to e-mails, making conference calls and doing much of the normal office routine. Technology has “taken the spontaneity out of one of the great New England rituals: getting snowed in.”

 

Economist (January 13)

2011/ 01/ 16 by jd in Global News

U.S. carmakers are bouncing back, but the Economist splashes cold water on the global outlook. Excess capacity will hamper profitability. “The car industry can produce 94m cars a year, against global demand of 64m. Unless that changes, it will never return to health.”

 

Time (January 13)

2011/ 01/ 14 by jd in Global News

In China, the split between the military and government leadership may determine global events. “The Chinese military…seems to consider the U.S. as China’s sworn enemy and to believe that a conflict between Beijing and Washington is inevitable. So the big question for U.S.-China relations right now is, …does China’s Communist Party control its military?”

In China, the split between the military leadership and government leadership may determine international relations. “The Chinese military…seems to consider the U.S. as China’s sworn enemy and to believe that a conflict between Beijing and Washington is inevitable. So the big question for U.S.-China relations right now is, …does China’s Communist Party control its military?”

 

New York Times (January 11, 2011)

2011/ 01/ 12 by jd in Global News

Congress must pass laws to strengthen gun control. The shooting in Tucson of 20 individuals, including Congresswoman Gabrielle Giffords, was committed with a Glock 19 and an oversized ammunition clip, previously outlawed, which allows 33 shots without reloading. Jared Loughner, the shooter, had been rejected by the military due to a failed drug test. He was thrown out of junior college for disruptive behavior. Yet he was still able to buy a gun. “Members of Congress are legitimately concerned about their own safety now, but they should be no less worried about the effect of their inaction on the safety of all Americans.”

 

Wall Street Journal (January 6)

2011/ 01/ 10 by jd in Global News

“Looks like it’s almost time for another change of leader in Tokyo, which is becoming the Italy of Asia.” The WSJ makes this prediction based on Prime Minister Naoto Kan’s divisive attempts to force Ichiro Ozawa out of the DPJ and increase the consumption tax. The newspaper also makes another unwelcome international comparison. The next Prime Minister will “have to tackle Japan’s problems before unpleasant outcomes are forced upon it. Without cuts to entitlements and tax cuts to promote growth, Tokyo will continue turning into Athens.”

“Looks like it’s almost time for another change of leader in Tokyo, which is becoming the Italy of Asia.” The WSJ makes this prediction based on Prime Minister Naoto Kan’s divisive attempts to force Ichiro Ozawa out of the DPJ and increase in the consumption tax. The newspaper also makes another unwelcome international comparison. The next Prime Minister will “have to tackle Japan’s problems before unpleasant outcomes are forced upon it. Without cuts to entitlements and tax cuts to promote growth, Tokyo will continue turning into Athens.”

 

Washington Post (January 6)

2011/ 01/ 09 by jd in Global News

The Post declares the oil drilling industry is “in over their heads.” The industry has raced to tap deeper, riskier drilling environments without making proper adjustments in processes and technology. Released portions of a presidential report on the BP Horizon oil spill demonstrate that government regulations and oversight must be strengthened. Most of all, “every company involved in oil drilling—not just BP—must individually and in concert with others evaluate industry standards and safety research programs. And none should assume that BP’s mistakes could not occur elsewhere.”

 

Economist (January 5, 2011)

2011/ 01/ 06 by jd in Global News

The EU and Financial Services Authority (FSA) announced guidelines governing bonuses for the financial service sector. The Economist is not impressed, characterizing the guidelines “as remarkable and unhealthy regulation.” The Economist laments that “bad bonus rules are worse than bad bonuses” and may have unintended consequences that increase, rather than decrease, risk.

 

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