Press Review on the Global Systemic Crisis

Press Review on the Global Systemic Crisis


The unbearable lightness of QE in summer 2012 - the US, British and Japanese central banks out of the game (Excerpt)
The American, British (1) and Japanese central banks can only come to the conclusion that their massive liquidity injections haven’t created any growth. And that they cost their countries’ real economy increasingly dearly. In the United States, it’s nearing an additional $3 of debt to generate $1 of growth (2). Japan has stagnated for twenty years despite the overdoses of financial stimuli: and the Bank of England is under fire from increasing criticism for its inability to prevent the United Kingdom from falling back into recession despite its serial QE (3)...
LEAP/E2020 - Excerpt GEAB N°66 (June 16, 2012)
In China, Any US Degree Just Won't Do
"I don't think I can find a job in the United States easily because of my visa status and the competitive job market," says Wei, who asks that his last name and school not be identified, as do the other students interviewed for this article. "But back in China, I have nowhere to go either. No one has ever heard of my college – it doesn't even sound like a university. How can I even get an interview?"...
CNBC
Fear of Contagion: Merkel Steps Back from Coalition Partner FDP
Following her party's failure in a major state election, Chancellor Angela Merkel is distancing herself from her junior coalition partner, the business-friendly Free Democrats. It is a risky move, and could indicate that she is aiming at a partnership with the opposition Social Democrats...
Der Spiegel
Grimsson: IMF learned new lessons in Iceland
The global financial crisis brought Iceland to the brink of collapse in 2008. Since then, the country has recovered well by doing many things differently from the rest of the world, President Olafur Grimsson tells DW...
Deutsche Welle
Argentina in the process of quitting from World Bank investment disputes centre
Argentina says it plans to withdraw from the International Centre for Settlement of Investment Disputes, ICSID, a World Bank body designed to arbitrate between states and foreign investors. This follows similar decisions by several other countries in Latin America like Bolivia, Ecuador and Venezuela...
MercoPress
Diesel prices to be hiked 40-50 paise every month, Veerappa Moily says
Diesel prices will be hiked by 40-50 paise per litre every month till losses on the nation's most used fuel are completely wiped out, oil minister M Veerappa Moily said today...
Times of India
Africa: Wars Do End - Why Conflict in Africa Is Falling
Recent events in Mali, the Central African Republic, the Democratic Republic of the Congo, and Sudan seem to confirm one of the most durable stereotypes of Africa, namely that the continent is unstable and uniquely prone to nasty political violence...
All Africa
Abe can expect little sympathy from nominal allies during Okinawa visit
When Prime Minister Shinzo Abe visits Okinawa for a meeting Saturday with Gov. Hirokazu Nakaima and other local politicians, he’ll be sitting down mostly with fellow Liberal Democratic Party members or those who won with LDP support. Unfortunately for Abe, they all strongly oppose the relocation of U.S. Marine Corps Air Station Futenma to Henoko in the northern part of the main island, a policy dear to the prime minister and the mainstream of his party...
Japan Times
'Pivot' could cost Obama, Asia dearly
Recommendations of a leading US think-tank to mark President Barack Obama's second inauguration inadvertently exposed the archaic nature of most American foreign policy discourse regarding China's rise. Yet criticism of the "pivot to Asia" correctly underlined the schizophrenic policy, which rather than improve security outcomes is helping fuel all-out confrontation in East Asia...
Asia Times
G-20 - Group of Twenty Finance Ministers and Centr : Russia will focus on reforming the international monetary system during its G20 presidency
At a press conference in Moscow, Russian Foreign Minister Sergei Lavrov stated that Russia in cooperation with its like-minded partners will seek to implement decisions on reforming the international monetary and financial system...
4-Traders
Department of Homeland Security to Purchase 7,000 "Assault Weapons"
The hypocrisy of the government knows no bounds. I have said repeatedly, and continue to say, that I am against all gun control at the moment because our government is extremely violent and not only do I not expect it to protect the American people in general, I believe it is far more concerned with protecting the status quo from the people.
ZeroHedge
Exclusive: Iran crude oil exports rise to highest since EU sanctions
Iran's crude oil exports in December leapt to their highest level since European Union sanctions took effect last July, analysts and shipping sources said, as strong Chinese demand and tanker fleet expansion helped the OPEC member dodge sanctions...
Reuters
Britain is experiencing 'worse slump than during Great Depression'
Britain's recent economic performance is the worst since records began in the pre-Victorian era, experts said today, apart from the two immediate post-war slumps. Ministers today admitted Britain is facing "very, very grave difficulties" after figures showed the economy did not grow at all in 2012...
Yahoo/Telegraph
Cantabria becomes first region in Spain to ban fracking
"Those scavengers are bleeding the Earth." That is how Manuel López describes his battle against energy companies involved in fracking in Cantabria. The controversial hydraulic fracturing technique, to obtain gas from depths of over 2,000 meters, has been denounced by environmentalists all over the world because of its possible health consequences on people in surrounding communities...
El Pais
‘Russia is ending its dependency on the global superpower’ – Pushkov
Moscow announced that it has terminated an agreement with Washington to cooperate in law and drug enforcement, continuing the trend of deteriorating diplomatic relations. “Russia is reforming its relationship with the US. We have terminated the third agreement with the U.S. in the last six months,” Aleksey Pushkov, the head of the Foreign Affairs Committee of the Russian Lower House, commented on Twitter...
RT
Can the E.U. become the world’s policeman?
I realize that even a year ago, that statement would have seemed absurd. I certainly couldn’t have written it in the immediate aftermath of the 2011 Libya operation, during which France, Britain and a dozen other nations were barely able to sustain a brief war, involving no ground troops, against a poorly armed and unpopular regime...
Washington Post