Global News Journal

Another shock announcement from Argentina’s leader

March 13, 2009

Argentina’s economy is slowing dramatically after seven booming years, but people here still haven’t felt much pain. The government has announced stimulus measures to buffer against the global crisis, fudged some economic statistics and persuaded carmakers and steelmakers to hold on to employees part time rather than lay them off. The effect of the crisis here has been so delayed that it was becoming easy to believe Argentine might be immune.

from MacroScope:

Stealing Steinbrueck’s show?

March 13, 2009

Peer Steinbrueck, the front man in Germany's fight against the financial crisis, has a new challenge on his hands: Karl-Theodor zu Guttenberg. The young economy minister, in the job for only a month, is already proving to be a thorn in Finance Minister Steinbrueck's side. The telegenic 37-year-old is coming up with policy initiatives that challenge Steinbrueck's plans, and draw media attention away from him.

from Africa News blog:

Madagascar: How bad can it get?

March 13, 2009

How bad can things get in Madagascar? Dissident soldiers said they had deployed tanks in the capital on Friday and the president urged the population to repel the mutineers.

from Pakistan: Now or Never?:

Pakistan’s general and the warring politicians

March 13, 2009

Pakistan Army chief General Ashfaq Kayani is much talked about these days as the one national figure who could lean on Pakistan's warring politicians to back down from a confrontation threatening the stability of the country. The question is over how he would intervene while maintaining a commitment to keep the army out of politics.

from Pakistan: Now or Never?:

Pakistan’s “long march” in the streets and on the Internet

March 11, 2009

Pakistani authorities banned public protests and detained hundreds of lawyers and opposition workers nationwide to prevent them from launching Thursday's planned "long march" towards the capital Islamabad to force President Asif Ali Zardari to reinstate a former Supreme Court judge.

from Africa News blog:

Sign of change in Zimbabwe?

March 10, 2009

President Robert Mugabe joined the mourning for Prime Minister Morgan Tsvangirai's wife on Tuesday and called on Zimbabweans to end violence and support his old rival to help rebuild the country.

Will Russians take to the streets?

March 10, 2009

“God preserve us from the Russian Uprising, senseless and merciless.”

from MacroScope:

Capitalism, Brazilian-style

March 10, 2009

Brazil's president, Luiz Inacio Lula da Silva lays out his views  today on how the world will work in the future. It's part of a Financial Times blog on the outlook for capitalism:

from Pakistan: Now or Never?:

Pakistan: has it reached the edge of the precipice?

March 10, 2009

Maybe this always happens at times of national upheaval. But there is a surprising disconnect between the immediacy of the crisis facing Pakistan as expressed by Pakistani bloggers and the more slow-moving debate taking place in the outside world over the right strategy to adopt towards both Pakistan and Afghanistan.