Angela Merkel has already abandoned plans to pursue billions of euros in tax cuts next year — the central policy pledge of her 2009 election campaign and main plank of her 7-month-old coalition agreement with the Free Democrats.
Global News Journal
Colombia’s presidential election had been painted like an establishment versus anti-establishment contest between Juan Manuel Santos – a former government minister and son of a wealthy family – and Antanas Mockus, who once dressed up as a superhero while mayor of Bogota and sent mimes into the streets to shame residents into obeying the laws. With a strong party machinery and the rural popularity of President Alvaro Uribe, Santos cruised to victory on Sunday when nearly 15 million Colombians caste their ballots, 47 percent for Santos – not enough to bypass a June 20 run-off but enough to send a strong signal of support for the former defense and finance minister. Opinion polls in the lead up to the vote showed Mockus and Santos deadlocked with no clear winner; the surveys said the same thing about the second round in June. But looking at a map of who won each province, Colombia is orange – the color of Santos. Only a single province was colored green for Mockus, trapped in the ginger sea. Alliances will be key for the run-off, but after securing only a fifth of votes, Mockus might find himself all but friendless. How would the country be different if Santos won versus if Mockus were elected?
Far from being lauded as a virtue, China's high savings rate has been blamed for the economic imbalances underlying the global financial crisis. The criticism being that the Chinese spend too little and rely too much on exporting to Western consumers.
from Pakistan: Now or Never?:
The Pakistan Army prides itself on being an institution which rises above politics and personal ambition, committed to defend the interests of the nation. That this has not always been the case is demonstrated by its history of military coups, and a tendency of past military rulers, from General Zia ul-Haq to former president Pervez Musharraf, to impose a very personal brand of leadership. Where Zia pushed Pakistan towards hardline Islam, Musharraf aimed at "enlightened moderation" in a country he wanted modelled more on Turkey than on Saudi Arabia.
By Dina Kyriakidou
In Greece, hiding a little from the taxman is considered good sport, so the government, struggling with a debt crisis is shaking international markets, is firing every weapon in its arsenal to crack down on rampant tax evasion.