Posted by Anne Szustek to FindingDulcinea.com Russian tax authorities have hammered British oil company BP with fines, court cases and inspections that recall the early days of investing in post-Soviet Russia. TNK-BP, a joint venture between BP and AAR, a group of four Russian billionaires, is Russia’s second-largest foreign investment to date. With 2007 profits […]
U.S. Poverty Far Worse Than the Numbers Show
Posted by James Parks to AFL-CIO NOW With the cost of almost every basic necessity going up, more and more Americans are facing the possibility of slipping into poverty. While the United States is the richest nation in the world, nearly 40 million Americans, roughly the population of California, officially live below the poverty […]
Gujarat CM Narendra Modi’s speech criticised as ‘Anti-National’ and ‘Divisive’
Gujarat Chief Minister Narendra Modi is under fire for saying that Gujarat does not need any Central assistance and is capable of fending for itself and also should not have to give any tax revenue to the Centre. Modi’s political rivals attacked these remarks as ‘anti-national’ and ‘divisive’ ‘In an acerbic speech in Baroda, Mr.Modi […]
Virginia Could Be A Battleground State for McCain and Obama
The Democratic National Committee (DNC) has recently said that the state of Virginia could possibly end up as a blue state this November. Ever since 1964, Virginia has been classified as a red state. For the general election, the state of Virginia will net 13 electoral votes. The DNC sent memos stating their case. Conveniently, […]
Kazaks Struggle With Oil and Food Prices
Government’s attempt to hold fuel prices down may be too little, too late. By Daur Dosybiev in Almaty (RCA No. 546, 30-May-08) A new ban on exports of petroleum products is designed to stabilise the domestic economy, struggling with inflation across the board and especially with soaring food prices. However, analysts say the measure […]
Korea: Grand Canal Confession
Posted by Hyejin Kim The Grand Canal plan, which the new Korean president dreamed of for a long time even before the election, seems to face another problem since the plan brought out so many arguments and doubts. Whether the plan is on behalf of the people or of him, some people expect economic outcome […]
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