The Battle against Inflation
Growing inflation concerns in the developing world fueled by rising food and commodity prices have prompted central banks in emerging economies to tighten monetary policy. Rising price levels have also roused political unrest in the Middle East and North Africa. Though fears of a double dip recession have eased, high inflation coupled with political instability are some of the challenges faced by the global economy in the near term.
Read MoreIndia’s Tryst with Corruption
The recent wave of corruption scandals targeting government officials in India has generated much anger among the opposition and media. The recent scams highlight the government’s struggle to contain subornment within its own cabinet. It remains to be seen if the government will take swift action to deal with corrupt government officials or if it will try to bury the hatchet.
Read More
The Rambler: The British Question
“It has seeped into our society in a way where it is acceptable around dinner to have these conversations where anti-Muslim bigotry and hatred is quite openly discussed.” So spoke Lady Warsi in an interview which followed her Thursday appearance at the University of Leicester, where she gave a speech criticizing the way in which Britons had come to embrace Muslim prejudice as socially acceptable. Ms. Warsi, the first Muslim woman to serve in the British Cabinet, primarily blamed the British media for the trend of closeted bigotry, and she went on to censure its superficial treatment of Islam and the issue of religious tolerance.
Read MoreThe iPhone is Taking Over the World!
When I think of high tech cell phones I usually think of South Korea and Japan. The Koreans and Japanese just always seem to be one step ahead of the U.S. in their technology. But for once the Korean cell phone market has a formidable American competitor, Apple. Did you know that the iPhone wasn’t even allowed in South Korea until April 2009? Until then there was a trade barrier on many foreign electronics. Economically it made sense for South Korea to ban outside technologies considering an estimated 98% of Koreans own cell phones and Samsung and LG (2nd and 3rd largest mobile device manufacturers) are both South Korean companies. The trade barriers may also be attributed to the strong ties between Korean electronic companies and the government. For example, Mr. Hwang Chang-gyu is a former Samsung chief executive...
Read MoreThe Human Rights Debate
Chinese President Hu Jintao’s recent visit to the U.S. has led to the concentration of a lot of media attention towards human rights violations in China, amongst other issues such as U.S-China trade relations and China’s border disputes with neighboring countries, and its alliance with “rogue states” such as North Korea.
Read More
