Global News Journal

Perilous predictions for 2011

By Sean Maguire
December 16, 2010

Afghan Boy

It’s the season to be merry – and to make forecasts about next year. Across the finance industry fine minds spend December crafting outlooks and extrapolations about how the world will fare, in the hope of a decent return over the next 12 months and avoiding the bear traps that will swallow an investment. The banks, strategic advisories and political risk consultants trumpet their analytical prowess, of course, but are also meeting a natural human need to peer into the future. We all want guidance to take the sting out of living in an uncertain world.

from Pakistan: Now or Never?:

After Holbrooke, chances of political settlement in Afghanistan fall

December 15, 2010

holbrookeReading through some of the many thousands of words written about Richard Holbrooke,  for me two stories stood out in their ability to capture what will be lost with his death:

from MacroScope:

The long and short of it

December 14, 2010

Fashionomics followers will be familiar with the Hemline Index, a theory presented by economist George Taylor in 1926 that suggests that hemlines on women's dresses rise along with stock prices.

Top 10 from my Nobel night

December 12, 2010

NOBEL/

The Nobel banquet must be one of the most extravagant annual dinner events on the planet. Every year the organisers allow a few journalists to join the festivities and rub shoulders with prize winners, royalty and other notables. This year, I got to go. The food and wine were certainly fit for a king (a good thing, too, since there was a king dining among us), and there is really nothing quite like dancing to a 20-person brass band. In a time-honoured journalist tradition, I’ve made a “top 10 list”.

from Reuters Investigates:

China’s rebalancing act puts consumer to the fore

December 10, 2010

consumerWal-Mart, the world's largest retailer, now has 189 stories in China, according to its website. Soon it will have many more.  The U.S. chain has announced plans to open a series of "compact hypermarkets", using a bare-bones model developed in Latin America, the Financial Times said.

This year’s Nobel winner on the importance of a good read

December 8, 2010

SWEDEN/The most important thing that ever happened to newly minted Nobel laureate Mario Vargas Llosa? It wasn’t the news two months ago that he had won the prize for literature, or the first time he ever published a book. It was, he said, learning how to read.

from Pakistan: Now or Never?:

Pakistan talks up al Qaeda/Taliban split

December 7, 2010

british soldierPakistan is increasingly talking up the need for a political settlement in Afghanistan which would force al Qaeda to leave the region. And while there is little sign yet Washington is ready to hold serious negotiations with Afghan insurgents, analysts detect a new tone in Pakistani comments about driving Osama bin Laden's organization out of its haven on the Pakistan border.

from Summit Notebook:

Does Germany need Europe?

December 6, 2010

Jim O'Neill, the new Goldman Sachs Asset Management chairman who is famous for coining the term BRICs for the world's new emerging economic giants, reckons he knows why Germany might not be rushing to bail out all the euro zone debt that is under pressure. Europe is not as important to Berlin as it was.

from Africa News blog:

Ivory Coast puts African credibility on the line

December 6, 2010

IVORYCOAST-ELECTION/Mediation has already started after another bad election in Africa.

Former South African President Thabo Mbeki was in Ivory Coast at the weekend to try to sort out the mess after election results ratified by the United Nations were rejected by the Constitutional Court, the army and incumbent Laurent Gbagbo, who had himself sworn in again as president quickly. His opponent Alassane Ouattara said he was president.

It was news, but not as we know it…

December 2, 2010

wolfesimon1HR.jpgFor days now, Twitter, the blogosphere and even newspaper headlines have been filled with the news – NASA was about to announce something big about extraterrestrial life! But it was embargoed by the journal Science, so no one would know the details until today.