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The Neighbourhood/World |
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Petrodollar profusion -
Economist
First, the good news: China, the country at the centre of the debate about global imbalances, has a current-account surplus that has fallen sharply over the past few years. Now the bad: China was never really the prime culprit when it comes to imbalances at the global level. The biggest counterpart to America’s current-account deficit is the combined surplus of oil-exporting economies, which have enjoyed a huge windfall from high oil prices (see left-hand chart). This year the IMF expects them to run a record surplus of $740 billion, three-fifths of wh
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The third coming: Peace in the air -
Neena Gopal, Deccan Chronicle
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Govt mulls action against Indians fishing in Lankan waters -
Subodh Ghildiyal & Indrani Bagchi, Times of India
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The worst Washington scandal since Watergate -
Peggy Noonan, WSJ
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Pakistan: A white tiger tale -
Mariana Baabar, Outlook India
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Anti-India demons haven't gone away -
Hiranmay Karlekar, Pioneer
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A myth that can devastate Tibet -
Maura Moynihan, Rangzen
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Changing class in America -
Deepak Lal, Business Standard
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Seize the Chinese moment -
Srinath Raghavan, Business Line
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Let’s accept stapled visas: Arunachal leader -
Hindu
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Senate approves Chandigarh-born Srinivasan's nomination to a top US court -
Times of India
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Indian origin students dominate Intel Fair in Phoenix -
R Ravikanth Reddy, Hindu
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PTI and PPP: What went wrong? -
Raza Habib Raja, Pak Tea House
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Wanted, an Afghan statesman -
Vivek Katju, Hindu
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In Sri Lanka, a new divide brings back old fears -
Meera Srinivasan, Hindu
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Nextdoor Nepal: Widening the credibility deficit -
Yubaraj Ghimire, Indian Express
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Onset of woes casts pall over Obama’s policy aspirations -
Peter Baker, NYT
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Obama's dangerous new narrative -
Alexander Burns & John F Harris, Politico
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The quiet new Chinese transition -
M Rafeeque Ahmed, Business Line
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Do not be friends with India, Hizbul chief warns Nawaz Sharif -
Muzamil Jaleel, IE
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Trio of troubles threatening Obama's second term -
Hindustan Times
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Three men in a simmering archipelago -
RK Radhakrishnan, Hindu
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Wall Street is back -
Economist
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In the Syrian arena -
Rajendra Abhyankar, Indian Express
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Pakistan: Pride trumps panic -
Khaled Ahmed, Indian Express
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A Dhaka dilemma -
Seema Guha, Outlook India
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Verbatim |
 There was for years an old "social contract" between politicians and business. This provided for complex rules and regulations that made it impossible to do business honestly in many fields. But it was possible to do business dishonestly, through pay-offs . Some called this "efficient corruption" : politicians took money and delivered clearances. However, the anti-corruption mood of the courts, and new fears of getting caught (like Pawan Bansal) have ended "efficient corruption" . Politicians may still take money but not deliver on clearances , what some call "inefficient corruption" that freezes investment and growth. The old social contract has broken down.
Swaminathan SA Aiyar |
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Split with Nitish will only boost BJP in Bihar -
K Balakrishnan, LensOnNews
WITH THE BJP seemingly decided on projecting Narendra Modi as its PM candidate and its close ally Nitish Kumar of JD(U) equally firm in his opposition to the idea, a split in the NDA alliance looks inevitable; most observers think it’s not a question of if, but when. |
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