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Published On  Jan 29,  2012
   
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Save Capitalism from Itself

The problems with the euro are the same problems that the world economy used to have with gold. Ironically, the weak economies of Europe are working under a kind of “gold standard.”

     

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Poverty Politics Must Top Global Agenda

Poverty is not only about not having enough money. It is also about exploitation and oppression, and about armed conflicts and wars that make it impossible to run a business, visit a doctor, or send children to school. In short, poverty is about politics, and the need to devise political solutions to its underlying causes, which involves more than providing money.

     

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Banking Small Businesses Oxygenates Growth

Fashionable as it is to focus on the BRIC (Brazil, Russia, India, and China) countries as the motors of the global economy, this new year is the year that the world has a golden opportunity to shift its perceptions about the role Africa can play in driving global economic growth.

     

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New Building Must See New Spirit, New African Union

The just-begun year will mark the first 10 years of the African Union (AU). This eventful decade has ended with a momentous year of uprisings, popular protests, and more than 28 elections that have changed Africa and the world. In light of this, the upcoming AU summit will provide an excellent opportunity to reflect on the eventful decade.

     

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Sharing Towers Connects Africa Better

Africa is changing fast and for the better. While huge challenges remain, there is a new sense of optimism across the continent. There is no more obvious sign of this change and the possibilities it brings, than in the extraordinary way Africa has adopted the mobile phone. The growth has been staggering. The 16 million mobile subscribers in Africa in 2000 have now reached over 500 million.

     

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Revolutions Uprooted Prejudgment; No More Prescriptions

Almost a year has passed since revolution in Tunisia and protests in Egypt’s Tahrir Square toppled ossified authoritarian regimes and ignited a much wider and still raging storm in the Arab world. No one can safely predict where these events will eventually take the Arab people and nations. But, one thing is certain: there is no turning back.

     

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With Euro, Urgent Crowds out Important

Europe’s sovereign debt crisis has rumbled on for so long that some people are beginning to take for granted that eurozone leaders can continue to stumble from one non-solution to the next without risk of cataclysm. But, if any troubled southern European economy fails to roll over its debt in the coming months, the resulting contagion will spread quickly from the eurozone throughout the global financial system, with consequences far more grave than what followed Lehman Brothers’ collapse in September 2008.

     

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Kulubi Unveils Ignorant Business, Opportunistic State

Every year in the months of December and July, the town of Kulubi, located 464km east of Addis Abeba, celebrates a special dutiful celebration. Pilgrims converge from all over the country and abroad, at the famous and historical place. The pilgrims are, however, by no means only followers of a typical religion alone and include members of other religions as well as virtually all national groups of the country.

     

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Is Multiculturalism Dead?

At the height of the Arab uprisings last spring, many Europeans were gripped by nightmare visions of a tsunami of migrants crashing against the continent’s shores. The wave never hit, but its specter fed a tenacious anti-immigrant populism that has concealed an important new trend: migration has largely stalled. In many countries, more immigrants are leaving than are arriving, owing mainly to the economic crisis that has drained jobs in the West.

     

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Indecision Fuels Uncertainty

The dire economic situation in which most of the rich world found itself in 2011 was not merely the result of impersonal economic forces, but was largely created by the policies pursued, or not pursued, by world leaders. Indeed, the remarkable unanimity that prevailed in the first phase of the financial crisis that began in 2008, and which culminated in the one trillion dollars rescue package put together for the London G-20 meeting in April 2009, dissipated long ago. Now, bureaucratic infighting and misconceptions are rampant.

     

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