By Luisa Frey
♦ Deflation is threatening Spain, which just emerged from recession– falling prices result in higher real value of debt, making families’ and businesses’ lives harder.
♦ In China, reforms announced by the Communist party are compared to “small repairs on an old road”.
♦ The New York Times revealed that JPMorgan Chase hired a consulting firm run by the daughter of Wen Jiabao, the former Chinese prime Minister and US authorities are scrutinising these ties as part of a wider bribery investigation.
♦ The New York Times also writes in its blog Sinosphere about a code used by Bloomberg to keep articles away from the eyes of powerful people in China.
♦ Since its independence, almost every political transition in the Central African Republic has come along with violence. The current conflict is no exception with the country risking genocide, writes Peter Bouckaert, emergencies director at Human Rights Watch. Read more
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