How Putin Is Turning Russia Into One Big Enron

In a few quick decisions, President Vladimir Putin has devastated Russia’s energy policy. This daring radical change of strategy will primarily hit state revenues. The essence of these policy changes is renationalization, a massive increase in capital expenditure and reduced efficiency. For years,Gazprom has carried out too large capital expenditures, 70 percent of which investment analysts euphemistically with call “value detraction,” which really means corruption or […]

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Who Won?

EVEN before the firing between Israel and Hamas had fully died away in the wake of the ceasefire announced on the night of November 21st, two new/old battle-fronts had opened up for Binyamin Netanyahu and his ministers. The first is over public and governmental opinion in the region; the second over the support of the […]

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Ticket To Paradise In A Brutal World

Kasab, the world came to call him, “the butcher”: butcher not because he shot dead 55 women, men and children, Hindu and Muslim at short range with a Kalashnikov assault rifle, but because it denoted his underprivileged southern Punjab caste. For millions of Indians, the man caught on closed circuit television cameras as he walked […]

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Viewpoint – Time To Push Back Over Sri Lankan Impunity

International attention on Sri Lanka has focused recently on a devastating report from the United Nations reviewing its own failure to protect civilians during the humanitarian catastrophe of the final months of the island nation’s civil war in 2009. Yet as many in the international community have been looking back, a new, quieter crisis is […]

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What Obama Wants From Myanmar

Not too long ago it would have been unthinkable: the sight of a U.S. president standing next to Aung San Suu Kyi, the woman many believe should be — and might yet become — the president of her long-suffering country, Myanmar (also known as Burma). When Barack Obama was first elected to the White House […]

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Corporate China’s Black Hole of Debt

For China bulls, things are starting to look up. The property market has been showing signs of life, and October retail sales, investment, and industrial production have come in above forecasts. A manufacturing index also showed improvement, and exports increased 11.6 percent in October, the fastest pace in five months. Yet one figure is going in […]

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