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· October, 2012

Stories about Economics & Business from October, 2012

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Panama: Statements After the Chaos Unleashed by Law 72

  30 October 2012

The impressions of Panamanians and foreigners living in the country were immediate after the chaos unleashed by the approval of Law 72. This law, without consultation, promoted the sale of land in the Colón Free Trade Zone, a source of income for the country and this province that practically lies in ruins after having gone unnoticed by the government. The protests against the law have left four dead and dozens injured and detained.

Brazil: Wikileaks Reveals Officials’ Disdain Towards the Guarani Kaiowá

  30 October 2012

Brazilian investigative journalism website Pública reports [pt] on documents leaked by WikiLeaks on the plight of the request for land of the indigenous Guarani-Kaiowá. A cable from 2009 reveals disdain by local authorities from the state of Mato Grosso do Sul towards Guarani-Kaiowá's demands for the demarcation of the lands...

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Sanctions in Iran: Who Stole My Medicine?

  29 October 2012

The lives of six million patients in Iran have been adversely affected due to shortages of medicine, as an immediate result of unprecedented sanctions. Patients with cancer and multiple sclerosis - who cannot afford interruptions or delays in treatments - are most affected.

Madagascar: How Much Does a Political Crisis Cost?

  29 October 2012

Since 2009, an additional 4 millions people now earn less than $1.25/day, 500,000 more children have dropped out of school and 336,000 jobs were lost because of the prolonged political crisis. Blogger Razoky summarizes [fr] the latest economic report on Madagascar.

Nepal: The Minimum Wages vs Productivity

  28 October 2012

Chandan Sapkota informs that as per trade unions demand the wages have gone up in Nepal to the highest minimum wage in South Asia, but the productivity has not increased due to several factors.

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Entrepreneurship, Culture and Solidarity in Africa

  28 October 2012

Despite strong economic growth, the African continent is still struggling to develop a class of local entrepreneurs to manage strategic industries. Many African scholars and researchers try to better understand the influence of cultural habits on entrepreneurship on the continent.

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Occupy Movement Rallies for ‘Debt Strike’ Worldwide

  27 October 2012

Under the slogan “You are not a loan, you are not alone”, Occupy Wall Street's “Strike Debt” group is aiming to inject life into a resistance movement against debt repayment. The operation is gaining worldwide support, and could very well revive the protest movement Occupy Wall Street which was born a year ago.

Malaysia: Penang's Bicycle Lanes

  26 October 2012

anilnetto writes about the proposed 12.5km bicycle lane in Penang, Malaysia. The first phase of the project has already started and completion is targeted in the next two years.

Manufacturing a Car in Open Source and Modular Design

  25 October 2012

I don’t know whether we will need gasoline, electric or hydrogen cars tomorrow. I don’t have to know, because I designed my car so that I can change the motor in about the same time that it takes to change a tire. Joe Justice, founder and Team Lead of Wikispeed,...

Madagascar: A Case Study for Small Scale Mining

  25 October 2012

The Artisanal and Small-scale Mining (ASM) in Protected Areas and critical ecosystems (“PACE”) programme (ASM-PACE) has released a case study on how Madagascar can “ensure continued socioeconomic development without undermining ecological resiliency”. The report focuses on successful and failed methods to cope with mineral rushes.

China: Iron Man 3 and the Mandarin

  25 October 2012

The Walt Disney Company China, Marvel Studios and DMG Entertainment announced back in April that they were intended to co-produce “Iron Man 3″ in China. Stan from China Hearsay doubts if the mainland Chinese censor would accept the villain of the movie being “The Mandarin”.

Cuba: Cell Phone Use on the Rise

  24 October 2012

Puertasabiertas [es] reports that thousands of Cubans are purchasing cell phone service for the first time because of a new plan offered by Cuba's cell phone company, Cubacel, that began offering a new low rate for users last week. Cubacel centers in Havana and Santiago de Cuba have been reportedly...

Portugal: Initiative Against Proposed State Budget

  24 October 2012

The interest rates on the public debt are “the only expenses that can be cut without recessive effects, bringing benefit to the liberation of resources for investment and job creation”, states [pt] the Democratic Congress of Alternatives on an online public petition [pt] to reject Portuguese government's Proposed State Budget...

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Ecuador: Cofiec Banking Loan Irregularities Unleash Outrage

  23 October 2012

Antonio Buñay, former executive chief of Cofiec Bank – a state owned bank- and the alleged responsible person for the Cofiec case, which is causing stir in the Ecuador legal system and among citizens, appeared before the prosecutor's office on October 16, 2012. The #CofiecCase, as Ecuadorian Twitter users have named it, was uncovered after irregularities were found in a Cofiec banking loan for US$800,000 granted to the Argentinian investor Gastón Duzac.

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