As Per Kurowski, a former executive director of the World Bank, reminds me regularly, crises occur when what was thought to be low risk turns out to be very high risk.
Seven ways to clean up a banking stench | Martin Wolf, Financial Times | Commentary | B... - 0 views
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Not least, I would do everything I can to eliminate the idea that the state stands behind investment banking. That is an insane idea.
A new form of European union - FT.com - 1 views
Gas Prices Moving Away From Link to Oil - NYTimes.com - 0 views
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That leaves buyers with enormous risk. Oil, which sold for as little as $10 a barrel in the 1990s, when some current contracts were agreed, now costs about $100 per barrel,
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“Anyone with standard oil-linked contracts is likely losing money in Europe and specifically Italy,
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Gas bought under such contracts can be 10 percent to 15 percent more expensive than gas bought at spot market prices, he said. Over the past year, Eni's gas and power unit has reported an operating loss of about €812 million, or $1 billion.
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Davos view: Don't get too confident about Eurozone prospects | The World - 0 views
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Davos view: Don’t get too confident about Eurozone prospects
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One was the danger that European elections could show a growing mood of political protest – and volatility. Secondly, the ECB’s stress tests could spark new market alarm about the banks – which would impact sovereigns too.
Oops: Azerbaijan released election results before voting had even started - 0 views
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So it was a bit awkward when Azerbaijan's election authorities released vote results – a full day before voting had even started.
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The data were quickly recalled. The official story is that the app's developer had mistakenly sent out the 2008 election results as part of a test. But that's a bit flimsy, given that the released totals show the candidates from this week, not from 2008.
The Gap Between Schooling and Education - NYTimes.com - 0 views
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in northern India, less than half of surveyed children in fifth grade could read a story intended for second graders. About one in six students in fifth grade recognized letters but could not read words.
Death and Disease from Power Plants - Clean Air Task Force (CATF) - 0 views
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The report finds that over 13,000 deaths each year are attributable to fine particle pollution from U.S. power plants. This is almost half the impact that our 2004 study found and is reflective of the impact that state and federal actions have had in reducing power plant emissions by roughly half. However, much more still needs to be done.
Marek Belka examines the hurdles that Polish policymakers must surmount prior to euro m... - 0 views
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Poland’s Eurozone Tests
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As long as eurozone debts continue to rise and member economies diverge rather than converge, prospective members should also be stress-tested to see if they can withstand external shocks and sustain the membership criteria over the long term.
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Rather, Poland simply combines low costs (including wages) and high-quality production.
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Incomes in sub-Saharan Africa: Standing still but going backwards | The Economist - 0 views
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Incomes in sub-Saharan Africa
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But sub-Saharan Africa shifted to the left. Whereas in 1993 about 25% of the world’s poorest 5% lived in sub-Saharan Africa, by 2008 it was nearly 60%.
Postal Service Reports Improved $5 Billion Loss - NYTimes.com - 0 views
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Postal Service Reports Improved $5 Billion Loss
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It attributed the net loss mostly to a 2006 law that requires it to pay $5.5 billion annually into a health fund for its future retirees.
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As a result of its financial troubles, the agency has defaulted on three annual payments into the fund. It has also exhausted its $15 billion borrowing limit from the Treasury Department. More recently the agency has asked for permission to
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Coal in the rich world: The mixed fortunes of a fuel | The Economist - 0 views
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Coal in the rich world
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