Daily Archives: August 6, 2013

By Catherine Contiguglia
Angela Merkel’s plan is not to fire up her own supporters, but to lull the other side, says Josef Joffe, editor of Die Zeit.
The collapse of Rana Plaza focused attention on the grim conditions of garment workers, but it is the toxic political culture that undermines Bangladesh’s attempts to lift itself out of poverty, writes Victor Mallet.
Silvio Berlusconi’s political career could be over after a sentence was upheld temporarily barring him from holding or running for public office – speculation is bubbling that his oldest daughter Marina could be in line to relaunch his political party.
♦ A villa in a leafy neighbourhood in Cannes will be used as evidence in the criminal trial of Bo Xilai, the former Communist party chief at Chongqing.
♦ You may well have heard that a publication called the Washington Post is being sold – to Amazon founder Jeff Bezos, no less. The newspaper itself examined how its history is inextricably tied to that of the Graham family.
♦ Amazon founder Jeff Bezos was surprised by a $250m charge on his credit card earlier today, the New Yorker’s Borowitz report says. He was shocked to find out he had clicked on the Washington Post by mistake.  Read more

The new governor of India’s central bank has built a reputation as a world-class economist during a quarter century of teaching and writing – helped along by one explosive speech in 2005. Here is a potted biography in six short chapters.

1. He was the party pooper at Alan Greenspan’s farewell bash at Jackson Hole in 2005, raising warnings about the dangers that led to the financial crisis of 2008-09. In response, Lawrence Summers called him a “luddite”.

2. At the time, Rajan was serving as the youngest ever chief economist at the IMF. He was also the first non-westerner in the job, which he held from October 2003 to December 2006.

 Read more