Wednesday, April 13th 2011 - 04:07 UTC

John Perkins latest book, the challenge of a blueprint for a new global economics

JP, the Economic Hit Man ‘confessed’ to the Foreign Press Association

By David Michaels (*) “Hoodwink” is John Perkins latest book and a blueprint for a new form of global economics, far from predatory capitalism that must put an end to the old formula of “the few benefiting at the expense of the many”.

Wednesday, April 13th 2011 - 00:34 UTC

IMF says much more can be done to rein in fiscal deficits and debts

Emerging countries should take advantage of windfall earnings from commodities

The outlook for government debts and deficits in 2011 is a mixed bag, with most advanced economies reining in fiscal deficits, but not fast enough to keep their debt from rising. Fiscal balances are improving in most emerging economies, and some could do more as they experience a windfall from high commodity prices and strong capital flows.

Wednesday, April 13th 2011 - 00:24 UTC

Chile with some of the worst social indicators among the 34 OECD members

Income inequality is the highest in Chile with 38% of locals finding it very difficult to live on current earnings

Chile has some of the worst social indicators of the 34 countries that make up the Paris based Organization for Economic Cooperation and Development, according to the latest releases from the group.

Tuesday, April 12th 2011 - 21:26 UTC

IMF calls on the US to tackle the deficit and help financial markets stability

Treasury Secretary Timothy Geithner said US political system is more aware of the fiscal situation of the country

There is an urgent need for the United States to tackle the deficit in the government's finances since the size of the exposure risks creating instability in the financial markets, according to the International Monetary Fund. However the IMF says the global economic recovery is gaining strength.

Tuesday, April 12th 2011 - 17:57 UTC

Mercosur trade integration insufficient to guarantee free circulation, claims EU

The EU parliament strong ally of farmers and critical of possible trade accords

Several European Union objections to the current functioning of Mercosur have surfaced in documents relative to the ongoing trade negotiations round which is scheduled to have another chapter early May in Asunción, Paraguay.

Tuesday, April 12th 2011 - 17:08 UTC

The Lynx Mk3 takes off from HMS Ocean for the last time

Since 1979 the Lynx was the backbone of the Antarctic patrol ship

After more than 30 years’ service one of the mainstays of Britain’s Fleet Air Arm, including the Ice Patrol, has made its final appearance at sea, reports the Royal Navy. Nearly four decades to the day that the very first Lynx helicopter took to the skies, a Mk3 variant lifted off from the sprawling flight deck of HMS Ocean.

Tuesday, April 12th 2011 - 16:13 UTC

China to keep buying Spanish public debt and invest in financial industry

Prime Minister Jose Luis Rodriguez Zapatero, one of many queuing in Beijing for support and aid

China will invest in Spain’s savings-bank industry and continue buying public debt, a Spanish government official cited Chinese Premier Wen Jiabao as telling Prime Minister Jose Luis Rodriguez Zapatero at a meeting Tuesday in Beijing.

Tuesday, April 12th 2011 - 15:58 UTC

Humala and Keiko will have to convince the 45% middle of the road vote

Kuczynski, Toledo and Castañeda voters, the prize to conquer

With 90% of Sunday’s presidential election ballots counted Peru is headed for a runoff between nationalist Ollanta Humala and former lawmaker Keiko Fujimori, a choice many voters in the country’s surging middle and upper classes might have trouble swallowing.

Tuesday, April 12th 2011 - 04:25 UTC

Humala’s run off with Keiko Fujimori; Peruvian economy faces overheating

With votes from rural areas and the Andes communities, Keiko Fujimori defeated PPK for the run off

Peru’s presidential election on Sunday will have a second round of voting between Ollanta Humala and Keiko Fujimori on 5th June, according to the latest official percentages which indicate the nationalist former Army officer has 31.75% of the vote and the daughter of former president Alberto Fujimori, 23.29%, quite distanced from Pedro Pablo Kuczynski’s (PPK) 18.8%.

Tuesday, April 12th 2011 - 04:20 UTC

IMF presents report to develop a new consumer price index in Argentina

Argentina’s Economy minister Amado Boudou

The IMF has presented a report to Argentine authorities with specific recommendations for developing a new, nationwide consumer price index to replace the much-criticized current index, the fund said in a press release Monday.


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