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The Guardian:
The president of Brazil stands for democracy, and for the poor. These are still valuable qualities in the 21st centuryPresident Luiz Inácio Lula da Silva of Brazil, who has received the Chatham House prize for 2009 , is one of the few world politicians to have ridden out the global economic crisis with an enhanced reputatio (Read More)
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The Daily Reckoning:
Governments are running breathtaking deficits…and accumulating alarming debts. Japan has a national debt of nearly 200% of its GDP. Where did that debt come from? It came from 20 years of trying to buy its way out of a slump with borrowed money. Of course, it didn’t work. But now, Britain and America are following the Japan (Read More)
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New York Times:
Bankers are likely to make unusually large gains on the stock grants and options they received after shares in their companies fell sharply during the financial meltdown.
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New York Times:
The statement by President Dmitri A. Medvedev resembles an earlier one, but it takes on added significance now because Iran has equivocated on the international agreement.
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Washington Post:
After months of negotiations with Russia, Obama administration officials are hopeful about a breakthrough -- possibly this week -- that would enable the two sides to sign a successor to their most extensive nuclear weapons treaty before it expires Dec. 5.
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Reuters:
CHICAGO (Reuters) - Wall Street firms are in a quandary about getting involved with a planned public offering of Russian aluminum producer UC RUSAL because its founder has been barred from getting a U.S. visa on account of allegations that he is connected to organized crime, the Wall Street Journal reported on Saturday.
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New York Times:
Gordon Brown of Britain told G-20 finance ministers that the world needed a system to force banks, not taxpayers, to cover future bailouts. (Read More)
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The Guardian:
Twenty years on Europe and the US have squandered their victory, Russia is mired in depression and China has new powerThose who witnessed that night 20 years ago in Berlin, or elsewhere in Germany, will never forget what happened – the night the Berlin wall came down.History in the making is all too often tragic. Only rarel (Read More)
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The Daily Reckoning:
In a perspective today on the record level of job losses, an IBD editorial asks, “Will it ever occur to our leaders in Washington that what they’re doing isn’t working – and may actually be damaging our economy?”It’s a rhetorical question, of course, as it goes on to describe, “The spectacular failure of the so-called fisca (Read More)
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observer.guardian.co.uk:
Father gunned down on visit to see the town made famous by the hit songThe family of a British tourist who was shot dead while on a road trip across the United States said last night that he was "just in the wrong place, at the wrong time" when he was killed during a robbery at a Texas bar.Thomas Reeve, a father-of-one who (Read More)
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New York Times:
Amid a global frenzy fed by hedge funds, speculators and governments all rushing to stock up, the price of gold briefly surpassed $1,100 an ounce on Friday, a record high.
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New York Times:
Maybe it’s time to rethink the business cycle. It no longer predicts when — or if — jobs will return.
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