Mainstream News

India pushes ‘shock and awe’ currency plan to save BRICS

"India is pushing for joint 'shock-and-awe' intervention by key developing states to halt capital flight and shore up currencies, in a move that risks backfiring and triggering a vicious spiral. 'It is going to happen in a matter of days rather than weeks, Brazil and India can start the move,' said Dipak Dasgupta, a top Indian official. Mr Dasgputa told Reuters that China, Brazil, India, Turkey, Russia and South Africa have all been squeezed as the US Federal Reserve prepares to tighten monetary policy. Joint action would give emerging markets greater firepower, allowing them to deploy their combined $8.7 trillion (£5.6 trillion) of reserves and crush 'speculators', rather than being picked off one by one." Continue reading →

Continue ReadingIndia pushes ‘shock and awe’ currency plan to save BRICS

India pushes ‘shock and awe’ currency plan to save BRICS

"India is pushing for joint 'shock-and-awe' intervention by key developing states to halt capital flight and shore up currencies, in a move that risks backfiring and triggering a vicious spiral. 'It is going to happen in a matter of days rather than weeks, Brazil and India can start the move,' said Dipak Dasgupta, a top Indian official. Mr Dasgputa told Reuters that China, Brazil, India, Turkey, Russia and South Africa have all been squeezed as the US Federal Reserve prepares to tighten monetary policy. Joint action would give emerging markets greater firepower, allowing them to deploy their combined $8.7 trillion (£5.6 trillion) of reserves and crush 'speculators', rather than being picked off one by one." Continue reading →

Continue ReadingIndia pushes ‘shock and awe’ currency plan to save BRICS

India’s Poorest Women Coerced Into Sterilization

"When it comes to family planning, women are on the front lines in India, which has carried out about 37 percent of the world’s female sterilizations. Government-imposed quotas and financial incentives for doctors mean 4.6 million women were sterilized last year, many for cash payments and many in the unsanitary and rudimentary conditions that greeted Devi. In neighboring China, the government has since 1979 used the threat of fines and the loss of social services to enforce rules that bar many urban couples from having more than one child. It now is beginning to ease the policy as the population ages and coastal regions face labor shortages." Continue reading →

Continue ReadingIndia’s Poorest Women Coerced Into Sterilization

India’s Poorest Women Coerced Into Sterilization

"When it comes to family planning, women are on the front lines in India, which has carried out about 37 percent of the world’s female sterilizations. Government-imposed quotas and financial incentives for doctors mean 4.6 million women were sterilized last year, many for cash payments and many in the unsanitary and rudimentary conditions that greeted Devi. In neighboring China, the government has since 1979 used the threat of fines and the loss of social services to enforce rules that bar many urban couples from having more than one child. It now is beginning to ease the policy as the population ages and coastal regions face labor shortages." Continue reading →

Continue ReadingIndia’s Poorest Women Coerced Into Sterilization

India’s Poorest Women Coerced Into Sterilization

"When it comes to family planning, women are on the front lines in India, which has carried out about 37 percent of the world’s female sterilizations. Government-imposed quotas and financial incentives for doctors mean 4.6 million women were sterilized last year, many for cash payments and many in the unsanitary and rudimentary conditions that greeted Devi. In neighboring China, the government has since 1979 used the threat of fines and the loss of social services to enforce rules that bar many urban couples from having more than one child. It now is beginning to ease the policy as the population ages and coastal regions face labor shortages." Continue reading →

Continue ReadingIndia’s Poorest Women Coerced Into Sterilization

India’s Poorest Women Coerced Into Sterilization

"When it comes to family planning, women are on the front lines in India, which has carried out about 37 percent of the world’s female sterilizations. Government-imposed quotas and financial incentives for doctors mean 4.6 million women were sterilized last year, many for cash payments and many in the unsanitary and rudimentary conditions that greeted Devi. In neighboring China, the government has since 1979 used the threat of fines and the loss of social services to enforce rules that bar many urban couples from having more than one child. It now is beginning to ease the policy as the population ages and coastal regions face labor shortages." Continue reading →

Continue ReadingIndia’s Poorest Women Coerced Into Sterilization

News junkie’s open-source project links Bitcoin with publishers

"Charging one-off fees for news stories is a hassle: users don't want to create an account and enter their credit card details for a single news story. It's easier just to move on. Bitmonet leverages Bitcoin's strength as a digital substitute for cash. In a demonstration on Bitmonet's website, clicking on a story brings up a pop-up window offering a news story for US$0.10, a one-hour pass for $0.15 or a day-long pass for $0.20. The one-hour pass costs 0.0012 of a Bitcoin. Clicking the 'Pay with Bitcoin' button launches Bitcoin wallet software on a person's computer. The transaction is painless: users don't have to enter their financial details or create an account with the publisher." Continue reading →

Continue ReadingNews junkie’s open-source project links Bitcoin with publishers

News junkie’s open-source project links Bitcoin with publishers

"Charging one-off fees for news stories is a hassle: users don't want to create an account and enter their credit card details for a single news story. It's easier just to move on. Bitmonet leverages Bitcoin's strength as a digital substitute for cash. In a demonstration on Bitmonet's website, clicking on a story brings up a pop-up window offering a news story for US$0.10, a one-hour pass for $0.15 or a day-long pass for $0.20. The one-hour pass costs 0.0012 of a Bitcoin. Clicking the 'Pay with Bitcoin' button launches Bitcoin wallet software on a person's computer. The transaction is painless: users don't have to enter their financial details or create an account with the publisher." Continue reading →

Continue ReadingNews junkie’s open-source project links Bitcoin with publishers

News junkie’s open-source project links Bitcoin with publishers

"Charging one-off fees for news stories is a hassle: users don't want to create an account and enter their credit card details for a single news story. It's easier just to move on. Bitmonet leverages Bitcoin's strength as a digital substitute for cash. In a demonstration on Bitmonet's website, clicking on a story brings up a pop-up window offering a news story for US$0.10, a one-hour pass for $0.15 or a day-long pass for $0.20. The one-hour pass costs 0.0012 of a Bitcoin. Clicking the 'Pay with Bitcoin' button launches Bitcoin wallet software on a person's computer. The transaction is painless: users don't have to enter their financial details or create an account with the publisher." Continue reading →

Continue ReadingNews junkie’s open-source project links Bitcoin with publishers

News junkie’s open-source project links Bitcoin with publishers

"Charging one-off fees for news stories is a hassle: users don't want to create an account and enter their credit card details for a single news story. It's easier just to move on. Bitmonet leverages Bitcoin's strength as a digital substitute for cash. In a demonstration on Bitmonet's website, clicking on a story brings up a pop-up window offering a news story for US$0.10, a one-hour pass for $0.15 or a day-long pass for $0.20. The one-hour pass costs 0.0012 of a Bitcoin. Clicking the 'Pay with Bitcoin' button launches Bitcoin wallet software on a person's computer. The transaction is painless: users don't have to enter their financial details or create an account with the publisher." Continue reading →

Continue ReadingNews junkie’s open-source project links Bitcoin with publishers