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Europe's Web of Debt NYTimes May 1, 2010

Europe's Web of Debt NYTimes May 1, 2010

http://www.nytimes.com/interactive/2010/05/02/weekinreview/02marsh.html

Related:  international

WorldWise Is the spread of the Western higher education model around the world evidence that repressive colonialism is alive and well in academe? Apparently so, according to a statement issued by participants in the International Conference on Decolonizing Our Universities, held recently at the Universiti Sains Malaysia in Penang. The authors of the manifesto, which I read about last week in GlobalHigherEd, minced no words in describing the alleged harm done to universities outside the West by “the tutelage and tyranny of Western institutions.” It’s Not About Greece Anymore - Economix Blog Louisa Gouliamaki/Agence France-Presse — Getty Images Protesters at the Acropolis in Athens waved flags and hung banners in front of the Parthenon. Peter Boone is chairman of the charity Effective Intervention and a research associate at the Center for Economic Performance at the London School of Economics. He is also a principal in Salute Capital Management Ltd.

Finance: Salvaging Salomon Brothers When billionaire financier Warren Buffett announced he was assuming the chairmanship of Salomon Brothers on an interim basis last week, he stepped into a morass that threatened to grow worse for the 81-year-old Wall Street firm before it got better. In fact, Buffett's salvage job began even before he was able to warm his new seat. The Treasury Department, in an attempt to restore confidence in the market, barred Salomon from bidding at further auctions. In a series of telephone calls with vacationing Treasury Secretary Nicholas Brady, Buffett successfully lobbied for leniency. Salomon was permitted to trade, but for its own... Subscribe Now circular_flow.wmv National income, output, and expenditure are generated by the activities of the two most vital parts of an economy, its households and firms, as they engage in mutually beneficial exchange. The primary economic function of households is to supply domestic firms with needed factors of production - land, human capital, real capital and enterprise. The factors are supplied by factor owners in return for a reward. Land is supplied by landowners, human capital by labour, real capital by capital owners (capitalists) and enterprise is provided by entrepreneurs. Firms

Geopolitics. Cross-culture awareness and competence, Steven Matejovsky,ISIT Key words: steven matejovsky, cross-culture awareness and competence, erasmus, institut supérieur d'interprétation et de traduction, isit, institut catholique de paris, icp, ambiguity, appropriate response, arbitrary, artefacts, assumptions, attribution, awareness, beliefs, chronemics, communicative competence, context, convergence, cross-culture, culture, decode, divergence, encode, ethnocentric, expected behaviour, haptics, iceberg, individual preference, intent, filter, kinesics, no avoidance culture, oculesics, olfactics, norm, parochial, perception, perceptual patterns, prejudices, proxemics, relationship, semiotics, stereotypes, universalistic, value, vocalics, yes avoidance culture. Developing Cross Culture Awareness This article is the result of a workshop designed for students participating in the Erasmus student exchange programme. Workshop objectives Increase positive attitudes toward people of other cultures. Introduction

Decolonising our universities: another world is desirable Editors’ n ote: the statement below was issued by participants at the end of the International Conference on Decolonising Our Universities conference at Universiti Sains Malaysia (June 27-29, 2011, Penang, Malaysia). We’ve posted it here as it facilitates consideration of some of the taken-for-granted assumptions at play in most debates about the future of higher education right now. This statement, most of the talks presented at it, and this memorandum to UNESCO, reflect an unease with the subtle tendencies of exclusion (of ideas, paradigms, models, options, missions) evident in the broad transformations and debates underway in most higher education circles, including in rapidly changing South and Southeast Asia.

Reuters Breakingviews - The Long Reach of a Foreign Crisis - NYT Ramin Talaie/Bloomberg News “Nude, Green Leaves and Bust,” by Picasso, sold Tuesday for $106.5 million. American investors got a sampling this week of what further deterioration in the euro zone could taste like. On the good side, investors rushed into perceived harbors: and Uncle Sam’s own debt. On the bad side, the swoon in prices of American shares and corporate debt indicated the long reach of a foreign crisis. Looking back, ahead at federal taxing, spending Looking back, ahead at federal taxing, spending By John Waggoner, Julia Schmalz, Joshua Hatch and William Couch, USA TODAY This tax calculator will give you a rough idea of your federal tax bill — and where your tax money went — from 1940 through 2010. Caveats: The calculator is for a taxpayer who files individually, uses the standard deduction instead of itemizing, and has one exemption. The calculator also figures your Social Security and Medicare taxes.

Access World Bank Data So. You're looking for the World Bank's data. Here are the top 5 ways I access it, what are yours? 1) data.worldbank.org Our most popular open data destination - the main World Bank Data site gives you an overview of the data we have on a country, region or topic.

Elaborating on this theme, this post shows at a high level why the Greek issues have ripple effects on the other side of tthe world - in fact in all countries will low deposits and savings... by xavier_ May 7

In any case the euro zone is at a cross road. This crisis shows that it should either integrate further eco policies or... by wallen May 6

Difficult to say. The drama for Greece is that it can't depreciate neither leave the euro and default would not help that much (they still have 8-10% primary deficit). Germany and France have ok level of debt (at least for now). More importantly they are more "protected" than Greece because if they were in danger the ECB would depreciate the euro thus giving some breading space. Actually, if Italy or Spain enter the dance that's maybe what the ECB will do. by wallen May 6

True, and with economies like Germany and France in the mix, how is the ECB supposed to respond to current levels of sovereign debt? by jeason May 6

In a way it's normal, that's EU integration at work... but it shows the domino effect if one of them defaults. by wallen May 5

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