Stories about Economics & Business from July, 2012
Guyana: Linden Protests
Imran Khan explores the roots of the Linden Protests and concludes that the recent electricity rate hike is merely the latest in a long series of “economic and social hardships”...
China: Bizarre Power Triangle – Sina, the Government and Netizens
Ever since the advent of Internet in China, the Chinese government has either tried to embrace it or control it. The upsurge of social media in the country has introduced two other characters into the story-Chinese netizens and leading Internet company Sina. Find out more about this often bizarre power triangle.
Philippines: New Mining Policy Stirs Debate
Philippine President Benigno "Noynoy" Aquino's new Executive Order 79 on mining has drawn criticism from environmentalists, church people, peasant groups, and various other sectors. The Philippines has one of the largest mineral deposits in the world
Russia: The ‘Mating Rituals’ of Bloggers and Governors
"We're not going to go to any more of these meetings, we've decided. From now on, let the suck-ups get together - the Nashists and the 'Stal'evtsy - but we won't be there" - A blogger reacts to a meeting with Penza's Governor.
Pakistan: The business Of Ramadan
Samra Muslim at Pak Tea House writes that the month of Ramadan is not important for religious reasons but it is the month of business all around creating a lot...
Argentina: Evita's Face on New Banknote
In honor of the 60th anniversary of the death of Eva Duarte de Perón (Evita), President Cristina Fernandez de Kirchner unveiled a new banknote with Evita's image, replacing Julio Roca on $100 bills. On social networks, some defend the change and others criticize it.
East Timor: Government Sues Multinational Oil Company
The government of East Timor has sued multinational oil and gas company ConocoPhilipps for its failure to pay the right taxes and other fees. The petroleum sector is the country's...
East Asia: Flourishing Illegal Trade in ‘Captive Bred’ Exotic Birds
According to a July 2012 report from the Wildlife Trade Monitoring Network (TRAFFIC), many endangered birds that are sold as captive bred have actually been caught in the wild and smuggled out of their original habitats under cruel conditions. An ID registration scheme for captive bred parrots introduced in Taiwan enables clear identification of legally saleable birds to try and combat this problem.
Russia: Paving Political Potholes
Say the word "roads" to most Russians, and you are likely to end up with a half-hour discussion. Throughout history, Russia has been infamous for its bad road quality. However, now the city of Yekaterinburg seems to have come up with a solution to the problem, by making bureaucrats get down to work.
Bangladesh: Revenue Collection – A Success Story
J Rahman at Mukti depicts that the revenue growth of the Bangladesh government is on the rise due to the steps taken by the National Board of Revenue.
Brazil: Deported Activist Returns to Denounce Mining Company Vale
Jeremias Vunjanhe, a Mozambican journalist and activist, was prevented from entering Brazil during Rio+20. After civil society movements and organisations mobilised, Jeremias returned to the country to denounce the actions of the Brazilian company Vale.
Russia: The Killing of Krutov
The June 29 murder of Svetloyarsk Raion administration head Nikolay Krutov was a blip on that day’s news. It was not unprecedented, but unraveling why the crime was committed (and what it means) is anything but straightforward.
Paraguay: Citizens Reject Rio Tinto's Aluminium Smelter Project
The blog Interparaguay [es] shares several videos on a project headed by Río Tinto Alcan to build an aluminium smelter in Paraguay. In the last video, Mercedes Canese, Vice Minister...
Spain: King's Controversial Son-in-law Gets Salary in Millions
Amid austerity cuts, the Duke of Palma and son-in-law of the King of Spain Iñaki Urdangarín's new salary has caused a scandal in the country. Urdangarín will receive a 1.5 million euro salary as well as 1.2 million euro in-kind this year, after renewing his contract with the telecommunications company Telefónica. Urdangarín is also currently being investigated for misappropriating public funds, for which he could be sentenced up to 18 years in prison.
Spain: Street Protests are Unstoppable
Since the miners arrived in Madrid on strike against the 63% cuts to their sector, demonstrations haven't stopped in Spain. We share images of the protests in Madrid, the capital city.
Morocco: Mc Donald's Won't Serve Muslim Adults During Ramadan
An image of a sign in a Mc Donald's restaurant in Casablanca has been circulating among Moroccan netizens today. The sign reads, “Notice to our customers. During Ramadan, only children...
Malawi: Joyce Banda's 100 Days in Office Amidst Controversy
Malawian President Joyce Banda became Africa's second female head of state after Liberia's President following the death of President Bingu wa Mutharika. How has she performed after 100 days in office?
Zambia: New Minimum Wage Pits Employers Against Government
The Statutory Instrument stipulating the minimum wage payable to domestic servants, shop workers and other general workers is arguably one of the most controversial policies of the 10 months old Patriotic Front (PF) government. This issue has divided Zambian netizens on citizen media and social network sites, those for and those against it, in equal measure.
South Korea: Mega Corporation Lotte Faces Nationwide Boycott
In South Korea, over two million small business owners have called for a nationwide boycott of products made by conglomerate Lotte Group. This unprecedentedly large scale collective action has spread like wildfire via social media.
Russia: Yaroslavl Court Bans LiveJournal
Earlier this week, a Yaroslavl court responded to a request from local police and ordered Internet provider Netis Telekom to shut off access to a handful of websites, including Russia's most popular blogging platform, LiveJournal. As a result, roughly 6,000 subscribers have lost all LJ access.
Azerbaijan: Heydar Aliyev Cultural Center On Fire
Reports have come in that the Heydar Aliyev Cultural Center in Baku, Azerbaijan, is on fire. The building was opened in May 2012 and was designed by Iraqi-British architect Zaha Hadid.
