USATODAY.com News - Top StoriesGOP Rep.: Obamas part of 'uppity' class Thu, 04 Sep 2008 23:25:30 -0000
The Harvard-educated couple that the Democrats want to install in the White House are part of an elitist, "uppity" class, a Republican ...
Protesters organize final march at RNC Thu, 04 Sep 2008 22:20:19 -0000
At least two people were arrested at the beginning of an anti-war march set to coincide Thursday with John McCain accepting his ...
AP: Bush advised to delay troop cuts in Iraq Thu, 04 Sep 2008 22:26:00 -0000
With recommendations from his top military advisers in hand, President Bush is weighing when to resume a U.S. troop withdrawal ...
The Economist: News analysisBP in Russia: Back to business Thu, 04 Sep 2008 09:08:34 -0000
BP and its Russian partners appear to make up and vow to move onLITTLE more than a week after Russia’s government had declared itself ready for a new cold war, one big foreign investor has emerged intact from a nasty dispute with its local partners and the authorities. TNK-BP, an oil company that produces 1.6m barrels a day and which is owned jointly by Britain's BP and Russian private investors, AlfaAccessRenova (AAR), was for months paralysed by war in the boardroom. The Russian investors, unhappy at the way the company has been run by Bob Dudley, an American appointed by BP, blocked the renewal of work permits for many foreign staff. This included Mr Dudley, who since late July has tried to direct TNK-BP from a secret location abroad. Despite denials, Russia’s tax and immigration inspectors seemed to be helping AAR. BP looked poised to join the ranks of foreign oil companies forced to sell stakes in big projects, on the cheap, to Kremlin-friendly concerns. On Thursday September 4th, however, the two sides agreed to make up. BP’s 50% stake appears to be safe. Mr Dudley will go at the end of this year, to be replaced by a BP nominee who must be approved by the board. One AAR director and one BP director will also depart, making way for three independents. Much could depend on how independent these individuals really are. The squabbling management committee will be shrunk and the most disruptive members thrown out. In time, as much as 20% of the venture could be sold in an initial public offering (IPO)—if both partners, plus Russia’s regulators, agree. ...
An Orange divorce? Thu, 04 Sep 2008 07:30:51 -0000
Ukraine’s pro-Western coalition is unravellingUkraine’s government, comprising the allies from the Orange Revolution, is poised to collapse after the prime minister, Yuliya Tymoshenko, allied with the opposition to strip the presidency of its powers. It is not clear whether Ms Tymoshenko has done this to pressure the president to back her policies, to boost her power as an alternative to seeking the presidency herself, or to trigger her departure from government ahead of tough economic times—and with an eye on the 2010 presidential election. The coalition could yet be saved, or a new one established; failing that, a parliamentary election must be held. With political tensions high in the wake of Russia’s attack on Georgia, the timing could hardly be worse.On September 2nd the pro-presidential Our Ukraine-People's Self-Defence (OU-PSD) voted to leave its coalition with the Yuliya Tymoshenko Bloc (YTB), bringing the "Orange" government, which was only formed in late 2007 following an early parliamentary election, to the verge of collapse. ...
The world wide web: The second browser war Wed, 03 Sep 2008 07:31:42 -0000
Google’s new web browser is its most direct attack on Microsoft yetSEVERAL years ago, Silicon Valley was rife with rumours that Google, then primarily a search engine, might be building a new web browser to rival that of Microsoft, called Internet Explorer (IE), or even an operating system to rival Microsoft’s Windows. Google mocked those rumours and they died down. But if Sergey Brin, Google’s co-founder, is to be believed, the speculation itself made him think that “maybe it’s not a bad idea”. And so this week Google did launch a new browser, called Chrome, that is also, in effect, a new operating system. The rumours, says Mr Brin cheekily, “just happened to migrate from being false to being true.”Chrome amounts to a declaration of war—albeit a pre-emptive one, in Google’s mind—against Microsoft. So far, Google has been coy about admitting the rivalry (whereas Microsoft’s boss, Steve Ballmer, is obsessed with it). In web search and advertising, Google dominates roughly as Microsoft does in operating systems and office applications. To the extent that Google has challenged Microsoft’s core business at all, it is through its web-based word-processing, spreadsheet and presentation applications. But these, so far, have few users. ...
Labour rations in the Gulf Wed, 03 Sep 2008 07:16:24 -0000
Gulf Arab states are fretting at the rising number of foreign workersGovernments in the booming Gulf Arab states are becoming increasingly anxious at the erosion of their national cultures, as their growing economies suck in ever-larger numbers of expatriate workers. They are now devising a range of measures to limit the growth of segments of the expatriate population—in particular those at the less skilled end of the spectrum—while not impinging on the continued expansion of their economies. The concerns call into question the entire basis of the Gulf development model, entailing ambitious targets for economic growth and diversification, which cannot feasibly be achieved without a substantial increase in the expatriate population.The problem is most clearly evident in the United Arab Emirates, where expatriates account for more than 90% of the private-sector labour force, and where the population is thought to have grown by almost one-third over the past three-four years. According to the most recent census, whose results were published in 2005, the UAE's population was 4.3m; it is now generally estimated to be about 6m. The UAE government announced in early September that it is setting up a national demographic agency that will be tasked with finding ways to slow down the growth of expatriate labour imports. Among the initial measures that have been proposed is a scheme to allow students who are enrolled in UAE universities and who are the children of foreign residents to take up part-time jobs. This measure appears to be targeted at children of long-term residents from other Arab countries, who have more cultural affinities with Emiratis than do Asian and European residents, who predominate in the expatriate community. The students would be expected to gravitate towards semi-skilled jobs in the services sector that tend to be performed by Asians. ...
The Republicans: Staying the course Tue, 02 Sep 2008 10:42:46 -0000
The Republican convention, though battered, goes aheadIT HAS been a rocky week for the Republican Party, as its convention gets under way in St Paul, Minnesota. After the focus on the Democrats last week, John McCain snatched back attention at the weekend with his choice of Sarah Palin, the young governor of Alaska, as his running mate. But little since that announcement has gone according to plan.The first difficulty was Hurricane Gustav which crossed the Gulf of Mexico before hitting Louisiana on Monday September 1st. The storm provoked memories of Katrina, the hurricane which drowned New Orleans in 2005 and whose aftermath was mishandled by George Bush’s administration. Nearly 2m people left their homes in Louisiana this week, fleeing the storm. And as a result of the upheaval, Mr Bush and his vice-president, Dick Cheney, decided to stay away from the Republican convention, scrapping planned speeches. Mr McCain was no doubt relieved: the less he is associated with the deeply unpopular incumbent, the happier he will be. ...
A construction slump in Ireland hurts workers Tue, 02 Sep 2008 07:44:21 -0000
Workers in Ireland are struggling, hit especially by a slump in constructionThe effects on Ireland's labour market of a deep slump in the construction sector are becoming increasingly stark. Second-quarter data from the Central Statistics Office show that job creation has almost stagnated, with the numbers in employment increasing by just 0.3% year on year in the second quarter of 2008. This represents a sharp slowdown from a rate of 4% recorded for the same period a year earlier, and that of 2.6% in the first three months of the year.While a number of sectors recorded declining employment in the second quarter, the overall weakness of jobs growth was clearly driven by a collapse in the construction sector, where employment fell by 26,800 over the year—equivalent to 9.5% of the sector's workforce. There were also drops of between 2.5% and 3% in industry, in the hotels and restaurants sector and in the transport, storage and communications industry. Net job creation was confined to a small number of service sectors, mostly in wholesale and retail and in healthcare. ...
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