"Using pejorative terms like "handouts" and "doling out", some parts of the media are mounting a campaign to suggest Britain should be embarrassed by our level of aid giving. But the idea that aid is generous is absurd. Some families, inspired by religious tradition, think it is appropriate to give 10% of what they have to charity, £10 in every £100 of earnings. In 2010, the UK gave not £10, not £1, but 56p ($0.91) in overseas aid for every £100 ($163) we earned as a country. On average, since 1990 we have given even less, 35p ($0.57).
" [Giving aid to poor countries is hardly a great act of generosity
] [more inside]
posted by vidur
on Jun 14, 2011 -
In 2010, Obama will have a miserable year
, NATO may lose in Afghanistan
, the UK gets a regime change
, China needs to chill
, India's factories will overtake its farms
, Europe risks becoming an irrelevant museum
, the stimulus will need an exit strategy
, the G20 will see a challenge from the "G2"
, African football
will unite Korea
, conflict over natural resources will grow
, Sarkozy will be unloved and unrivalled
, the kids will come together to solve the world's problems (because their elders are unable)
, technology will grow ever more ubiquitous
, we'll all charge our phones via USB
, MBAs will be uncool
, the Space Shuttle will be put to rest
, and Somalia will be the worst country in the world
. And so the Tens
The Economist: The World in 2010
. [more inside]
posted by goodnewsfortheinsane
on Nov 14, 2009 -
Standard & Poor’s changed the UK's credit outlook from stable to negative
a few days ago, and warned that there is a chance the UK could lose its AAA rating. Meanwhile, Moodys, another of the big 3
rating agencies, has warned that the US might also eventually lose its AAA rating
. The UK announcement caused sterling to drop by 1% and the FTSE by 2%
. However, many blame
the same rating agencies for their part in triggering
the subprime crisis. The irony of this is not lost on the Wall Street Journal
, who note that "After all, those governments are jacking up spending, in part, to bail out the financial firms who gobbled up those 'AAA' asset backed securities duly blessed by the credit ratings firms." [more inside]
posted by memebake
on May 26, 2009 -
Have more sex
says the Conservative party in the UK, procreate for the good of the economy and solve the looming pensions crisis. "Europe's real demographic crisis is not longevity but birth rates". Research says, apparently
, that most women want more children than they have, but could it also be the case that a growing number of people just don't see the attraction?
posted by jonvaughan
on Sep 24, 2003 -
A sign of Global recession?
For the first time I can remember, it's cheaper to buy a console in the UK than it is the States. Over here, we're used to seeing straight dollar to pound conversions ($299 = £299), so this is a first.
Do you think it's sign of recession or just Sony developing a conscience?
posted by jiroczech
on Sep 28, 2001 -
Why Big Oil Backed The Fuel Protests In Europe
-- "Watched from a distance, the oil blockades in Britain look like spontaneous popular uprisings: regular working folk, frightened for their livelihoods, getting together to say, "Enough's enough." But before this David and Goliath story goes any further, it deserves a closer reading...."
posted by johnb
on Sep 21, 2000 -