Ireland’s authorities have conducted similar recent operations, exchanging short-maturity paper for longer-term debt.
The Eurozone's Narrowing Window by Ashoka Mody - Project Syndicate - 0 views
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This strategy’s success presupposes that, in the interim, economic growth will strengthen the capacity to repay debt down the line.
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But growth prospects remain grim. The Portuguese economy is now expected to contract by 1% in 2013.
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Why Is Zambia So Poor? And Will Things Ever Get Better? - 0 views
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Sixty-four percent of the population lives on less than $1 per day, 14 percent have HIV, 40 percent don’t have access to clean drinking water. Almost 90 percent of women in rural areas cannot read or write. Name a category—schools, health care, environment—and I’ll give you statistics that will depress the shit out of you.
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For more than 150 years, the only reason to come to Kitwe—to Zambia, really—was the copper.
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Most of the buildings in Kitwe, the roads, the health clinics, the schools, were built by the national mining company
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Ukraine: Running in Place | Open Society Foundations (OSF) - 0 views
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Ukraine: Running in Place
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Corruption is simultaneously a cause and symptom of this situation. According to Transparency International’s 2008 Global Corruption Report, higher education is widely considered one of the most corrupt spheres in Ukrainian life. The report cites a survey conducted the previous year by Management Systems International and the Kyiv International Institute of Sociology in which 47.3 percent of respondents said a bribe was demanded up front in their dealings with universities, while 29 percent said they gave a bribe on their own initiative.
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Many teachers, from the primary to the university level, received their formal education 10 or 20 years ago and have not updated their qualifications since. There is no movement to force teachers at any level to update their skills.
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U.S. Textile Plants Return, With Floors Largely Empty of People - NYTimes.com - 0 views
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The problems in India were cultural, bureaucratic and practical.
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Mr. Winthrop says American manufacturing has several advantages over outsourcing. Transportation costs are a fraction of what they are overseas. Turnaround time is quicker. Most striking, labor costs — the reason all these companies fled in the first place — aren’t that much higher than overseas because the factories that survived the outsourcing wave have largely turned to automation and are employing far fewer workers.
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In 2012, the M.I.T. Forum for Supply Chain Innovation and the publication Supply Chain Digest conducted a joint survey of 340 of their members. The survey found that one-third of American companies with manufacturing overseas said they were considering moving some production to the United States, and about 15 percent of the respondents said they had already decided to do so.
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Nato defence spending falls despite promises to reverse cuts - BBC News - 0 views
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Nato defence spending falls despite promises to reverse cuts
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Europe's failure to pay its way in Nato is seriously worrying the US, which already provides 75% of all Nato defence expenditure (the US spends 3.8% of its GDP on defence).
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Without any of its own maritime patrol aircraft, the UK recently had to request the help of Nato allies to search for suspected Russian submarines off the west coast of Scotland. In Germany there have been reports of serious malfunctions in military equipment.
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