Topic: Financial Times Ltd.
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News Corp. phone-hacking inquiry: 8 names you need to know
Here is a list of key players in the Leveson inquiry, which is examining the phone-hacking scandal that has ensnared the powerful Murdoch family and prominent government officials.
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China's Vice President Xi is in town: what 6 international newspapers say
Chinese Vice President and presumed leader-in-waiting Xi Jinping is visiting the United States this week. From the increased US militarization of the Asia-Pacific region to China’s human rights record, newspapers across the globe are chiming in with their opinions and expectations for this high-profile visit. Here are a sample of six:
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A brief history of the Greek debt crisis
The Greek debt crisis has unfolded over several years and through a litany of bailouts, parliamentary votes, and credit downgrades. Here is a brief overview of how we got to where we stand today.
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World markets respond to US credit downgrade
Today is the first day that most stock exchanges have been open since ratings agency Standard & Poor's announced its US credit downgrade from a AAA rating to AA+. Here’s how world markets have responded so far:
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From 'Ninja Wendi' to 'daft hysteria,' UK press turns a sharp pen on Murdoch and Co.
With the spotlight shining bright on Rupert Murdoch, his media empire, and his political ties, British columnists are offering up searing critiques on every aspect of the phone hacking scandal. Here's a sampling:
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Mattel and Hasbro 'terrified': Do kids want gadgets more than toys?
Mattel and Hasbro terrified that kids will want toys less next year, according to reports. Hot toys did well this Christmas, but retailers in general saw less growth than expected.
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Protesters and police clash outside Egyptian presidential palace
Egyptian police fired tear gas at protesters demonstrating against Morsi's call for a referendum on a new constitution.
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Will outgoing President Calderón be remembered for more than Mexico's violence? (+video)
Calderón's legacy will likely include Mexico's heavy drug war death toll. But he made positive strides on the economic front with average annual inflation at historic lows.
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Where are China's women leaders?
Less than a quarter of the delegates to the 18th Communist Party Congress in Beijing, there are women. As for the select group of seven or nine top officials who in effect govern China? Not one.
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Opinion: Different China, same risky political system
At China's Communist Party congress, outgoing President Hu Jintao made a frank appraisal of challenges faced by the party. But he ruled out any evolution toward a more open and accountable political system. China has yet to learn from South Korea and Taiwan.
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Terrorism & Security
Bahrain bans public demonstrations as protest movement rises againAn uptick in clashes between Bahrain's pro-democracy protesters and the government prompted Bahrain to take its most extreme steps to quash dissent since the uprising began in 2011.
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The New Economy
Anglo American's female CEO stepping down. It's 'right time.' (+video)Anglo American's first female CEO, Cynthia Carroll, took over the when the platinum producer was booming. But missteps by Anglo American in Chile and strikes in South Africa have exacerbated a worldwide slide in commodity prices.
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Terrorism & Security
China's naval exercises in East China Sea send warning to regional rivalsChinese naval exercises today simulated a conflict in disputed waters. Tensions between China and Japan have been mounting over claims to a set of islands in the East China Sea.
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Terrorism & Security
Turkey at odds with Moscow after grounding Russia-Syria flightTurkey, already on the brink of a conflict with Syria, may now be facing tensions with Moscow after grounding a flight from Russia on suspicion that it was carrying weapons for the Syrian regime
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Steve Jobs biography: Best business book of the year?
One year after Steve Jobs' death, his biography by Walter Isaacson is now a finalist for the annual Financial Times and Goldman Sachs Business Book of the Year award. The book came with Steve Jobs' full cooperation.
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The New Economy
America's best jobs program? Trade reform with China.China has flagrantly violated trade rules since joining the World Trade Organization – and the US has lost 50,000 factories and 6 million manufacturing jobs.
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Opinion: Could Myanmar (Burma) have Southeast Asia's first 'green president'?
President Thein Sein still has a long way to go in assuring citizens, investors, and international donors that the country is on the right track, but with the right development assistance, Myanmar has the chance to succeed in sustainable development where many of its neighbors have failed.
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Energy Voices
Romney energy plan: pro-drilling, anti-regulation, and mum on climate changeRomney energy plan wants to open federal lands to drill onshore and US waters to drill offshore, but gives short shrift to renewable energy and ignores fuel efficiency, carbon-dioxide emissions, and climate change. Part 1 of a three-part series on the Romney energy plan.
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Horizons
Japan judge dismisses Apple suit against SamsungA week after Apple scored a major victory over Samsung, a similar suit has been tossed out by a Japanese court.
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Terrorism & Security
Kidnappings tied to Syria threaten Lebanon's fragile peace (+video)Eleven Syrian nationals were kidnapped in Lebanon Thursday in a spree of abductions, raising concern about renewed violence there.
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Opinion: Next steps in Syria after Kofi Annan's exit
Last week’s resignation of Kofi Annan as joint special envoy for the UN and the Arab League for Syria was long overdue. The first steps now must be to coordinate an exit for Assad and increase urgently needed humanitarian aid.
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Standard Chartered: how Iran dealings could cost bank a N.Y. license, or worse
New York regulators have accused Standard Chartered of trying to hide some $250 billion in transactions with Iranian companies. Federal authorities are also reviewing the bank's transactions.
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Horizons
Surface tablet ruffles feathers among Microsoft's friendsMicrosoft should 'think twice' about wading into the hardware game, an exec at Acer said this week.
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Myanmar open for US business, but is it a safe bet?
Analysts are warning US businesses to 'do their homework' on the crony-linked businesses and rights abuses that allegedly comprise Myanmar's resource industry.
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The Daily Reckoning
How to 'contain the depression?' More credit, economists claimBill Bonner is not too pleased with economists right now. In his latest post he claims that as a result of their conceits and delusions, trillions of dollars have been clipped from the world’s GDP, billions of people are poorer and their lives shorter.
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Focus
Have the Olympics gotten too big?London residents today lost a bid to stop rooftop missile deployments. Many Britons are questioning Olympics they say are most notable for super-sized costs and security.
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The Daily Reckoning
The biggest fraud in economics is ... economics?What’s the point of having an economy, asks Bill Bonner? It makes no sense to waste trillions of dollars’ worth of resources just to “protect the economy,” he says. The whole point of an economy is to create more stuff, not to waste it.
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Robert Reich
Dimon in the rough: Keeping regulators off of Wall StreetThe main regulator of derivatives (bets on bets), wants to extend Dodd-Frank regulations to the foreign branches and subsidiaries of Wall Street banks. But JPMorgan CEO Jamie Dimon would greatly prefer this not happen.
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What Europe can learn from Aung San Suu Kyi's visit
During the next 16 days, Burmese Nobel laureate Aung San Suu Kyi is visiting Norway, Ireland, Britain, and France, where some say she is an example of turning weakness into strength.
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The Daily Reckoning
Cybergeddon: Did US help develop dangerous new computer virus?Bonner takes on "zombies" in the social security system, health care and now the Department of Defense. A new computer virus, allegedly developed by the US and Israel, has him worried about what might happen if it falls into the wrong hands.
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