Resistance

India unveils new version of ‘world’s cheapest tablet’

"The paperback-book-sized Aakash 2, developed by Indian engineers at elite IIT public universities, runs the Google operating system Android 4.0 and has a screen measuring seven inches (18 centimetres) wide. The first 100,000 devices will be sold to students at engineering colleges and universities at a subsidised price of 1,130 rupees (20 dollars) and subsequently Aakash 2 will be distributed to book stores in Indian universities. Datawind says the commercial sale price without subsidies for Aakash 2 is 3,500 rupees (64 dollars)." Continue reading →

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Sony’s credit rating heads toward junk pile

"Japanese tech mega-corporations, including Panasonic and Sony, aren’t doing too well. After Sharp posted its most recent loss, its financial rating fell to junk status, and the company is now seeking a government bailout. Panasonic was also hit with a near-junk rating by Fitch earlier this month, after it posted a loss 30 times larger than analysts had estimated. Now, Sony—the biggest of Japan’s big dogs—can’t escape the bad news either. On Friday, Moody's downgraded Sony’s long-term debt rating from Baa2 to Baa3, one notch above junk status." Continue reading →

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The Voters Who Stayed Home

"Truth be told, most of today’s GOP does not believe Washington makes things worse. Republicans think the federal government — by confiscating, borrowing, and printing money — is the answer to every problem, rather than the source of most. That is why those running the party today, when they ran Washington during the Bush years, orchestrated an expansion of government size, scope, and spending that would still boggle the mind had Obama not come along. No matter what they say in campaigns, today’s Republicans are champions of massive, centralized government." Continue reading →

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Latin American leaders urge review of U.S. pro-marijuana referenda

"The leaders of Mexico and three Central American nations called Monday for a review of anti-drug policies after two US states voted to legalize marijuana. The presidents of Mexico, Honduras, Costa Rica and Belize called on the United Nations to hold a special session by 2015 to examine the 'successes and limits' of current strategies against drug trafficking. In a joint declaration read by Mexican President Felipe Calderon, the leaders asked the Organization of American States (OAS) to draft a report on the impact of last week’s referenda in the US states of Colorado and Washington." Continue reading →

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Illinois Debt Takes Toll On Services, Study Finds

"For years, Illinois has racked up billions in public debt to plug budget holes, pay overdue bills, and put money into its mismanaged pension funds. And for the people who live there, this has resulted in decrepit commuter trains and buses, thousands of unsound bridges, 200 hazardous dams and one of the most inequitable public school systems in America. Illinois has the lowest credit rating of the 50 states and has America’s second-biggest public debt per capita, $9,624, including state and local borrowing. Only New York State’s debt is bigger, at $13,840 per capita." Continue reading →

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Did the Election Save ObamaCare?

"The morning after Tuesday’s vote, there is one thing every commentator agreed on. The election of Barack Obama guaranteed that his signature piece of legislation—health reform—can now go forward. Republicans are powerless to stop it. Yet there is something all these commentators are overlooking. There are six major flaws in ObamaCare. They are so serious that the Democrats are going to have to perform major surgery on the legislation in the next few years, even if all the Republicans do is stand by and twiddle their thumbs. Here is a brief overview." Continue reading →

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World anti-doping agency wants a larger budget from national governments

"In the wake of the Armstrong scandal, which saw the Texan stripped of his seven Tour de France titles and banned from the sport for life, anti-doping agencies had to work more closely with the pharmaceutical industry. One way that the industry had helped so far was by making available to WADA samples of certain medications not yet available to the wider public to help develop tests more quickly and effectively when they are adapted for illegal use in sport. Rogge, however, said that sport also needed to enlist the support of law enforcement agencies to fight against doping, given that it frequently had links to 'other forms of corruption'." Continue reading →

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The “Essential” Role of Tax Havens

"So-called tax havens are necessary to restrain the compulsive tendency of 'onshore' politicians to over-tax and over-spend. For all intents and purposes, the existence of tax havens makes tax competition more robust. And we need vigorous tax competition because politicians – without some sort of external constraint – will drive their nations into Greek-style fiscal chaos. The real outrage in this issue is that American taxpayers are subsidizing the international bureaucracy [the OECD] that is trying to kill tax competition. So if Republicans on Capitol Hill are looking for some much-needed budget cuts, that’s a good place to start." Continue reading →

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Directed History: A Fact of Life?

"Last Wednesday, just before Angela Merkel flew to London to tell David Cameron how desperately she wants Britain to stay in the EU, she told the European Parliament: 'Of course the European Commission will one day become a government, the European Council a second chamber and the European Parliament will have more powers – but for now we have to focus on the euro and give people a little more time to come along.' In other words, the EU is still on track to become precisely that 'government of Europe' that Jacques Delors was boasting about in 1989 (to which Mrs Thatcher famously responded 'No, no, no')." Continue reading →

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EU suspends aircraft emissions trading rules

"The European Union has agreed to suspend its rules that require airlines flying to and from airports in the EU to pay for their carbon emissions. The rules had been unpopular with countries outside Europe such as the US, China and India. Climate commissioner Connie Hedegaard said she had proposed 'stopping the clock for one year'. The EU brought in the Emissions Trading Scheme on 1 January. India and China have been among the most vocal opponents of the ETS, with India banning its airlines from complying with it in April." Continue reading →

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