What Russia and America think of one other

IT IS easy to dismiss the “reset” in Russian-American relationship as mainly puff. After all, the most solid piece of business the two countries have done together since Barack Obama’s visit to Moscow last year—the signing of the new nuclear reduction treaty—belongs to the old era in the bilateral relationship. But as Mr Obama greets Dmitry Medvedev in Washington this week, he can take comfort that his reset policy has yielded one important, even if less tangible, result—the change of Russia’s perception of America. Overall, Russians’ attitudes to America (in polling from the Levada Centre) is mirrored by Americans’ attitudes towards Russia, seen in Gallup surveys. This is no accident. However resentful the Russians can be of America, they also see it as a mirror which reflects their own place in the world. And the more hawkish American neo-conservatives can be about Russia, the more they sound like their Russian counterparts.

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World leaders gather for G8 and G20 summit meetings

• LEADERS of the G8 group of rich countries gather in Muskoka, a Canadian holiday resort, for a two-day summit starting on Friday June 25th. The meeting overlaps with the two-day G20 summit that begins the next day in Toronto. Both get-togethers will give the opportunity to world leaders to discuss global financial regulation, reforming international financial institutions and responses to the crisis in the euro zone. The Canadian hosts have been criticised at home for the vast cost of the summit, in particular on the creation of a huge artificial lake for the media centre in a country with more real lakes than anywhere else in the world.

• ANXIETY in Britain is likely to be high as George Osborne, the country’s new chancellor (finance minister), unveils details of a tough emergency budget on Tuesday June 22nd. The new budget will set out the overall trajectory of spending, which is likely to be sharply downward. Mr Osborne’s colleagues have been making scary speeches about the parlous state of public finances. And gloomy independent forecasts for growth and the public finances from the new Office for Budgetary Responsibility suggest that hefty spending cuts and tax rises are inevitable. …

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A guide to the growth of the beautiful game's global festival, and to the economics of footballing prowess
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Blood On The Dance Floor

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DOES NOT WORK ANYMORE FOR 1,000TH TIME! QUIT FLAMING ME AS THIS WAS MADE OVER 2 YEARS AGO!

Disclaimer:
This video has been made with the original content of Jagex Ltd. Which i obviously NOT own.
This video is not fot personal gain and is only intented for entertaining purposes.
The audio used was purchased and may not be used for reproducing.

Duration : 0:1:51

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Project Economy: UHERO

Duration : 0:3:23

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Japan, the world’s second biggest economy, has racked up debt totalling $9.4t while its gross domestic product (GDP) is only $5t, making its debt to GDP ratio 181 per cent – the highest among rich countries.

Too much debt could render a country’s bond worthless and impact economic growth.

A recent example of a country that has faced a troubled economy due to its massive accumulation of debt is Greece.

But Tomohiko Taniguchi, a professor at Keio University in Japan’s capital Tokyo, told Al Jazeera the difference between Japan’s economic situation and Greece’s is that “Japan’s government debt has been almost exclusively purchased by domestic investors. Unlike Greece, the Japanese are indebted not significantly to the outside world”.

“It is more sustainable than the case of Greece, but you have to boost demand, you have to grow. The Japanese government has to make not baby steps but a significant leap,” he said.

“And most importantly, the Japanese government has to convince the Japanese domestic investors as well as the international market about the long term projection of the economy, the long term blueprint as to what the government will do to tackle both the lack of demand and ballooning budget deficit.”

Naoto Kan, Japan’s prime minister, has suggested an increase in sales taxes to combat the economic problem.

But Taniguchi said: “I think it’s more important that the Japanese administration proposes to reduce corporate tax first rather than increase the general sales tax because corporate tax in Japan is among the highest among other developed nations.

“In order to boost Japanese domestic demand and corporate investment, the corporate tax rate has to be reduced first.”

Al Jazeera’s Divya Gopalan reports from Tokyo.

[June 21, 2010]

Duration : 0:3:0

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