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UNP MP Karu Jayasuriya has called for the Opposition parties to unite to abolish the Executive Presidency saying it was the singular enemy of Sri Lanka. Here is the full text of Jayasuriya’s statement: Everything that presently ails Sri Lanka hinges on a single factor – the Executive Presidency that concentrates all power in the ...
- Majority support Constitutional Amendments (Category: Breaking News)
- Mahendra Percival Rajapaksa is now the King of Sri Lanka (Category: Breaking News)
- Former Deputy Leader of Sri Lanka's main opposition calls on opposition to unite against executi... (Category: Breaking News)
- Restoring The Parliamentary System, The Womb Of Racism, Discrimination, Separatism & Civil Wars,... (Category: Breaking News)
Reuters: Romney or Obama? Republican or Democrat? The U.S. presidential election may inflame voter passions, but based on past experience, whoever wins the world’s most powerful elected office isn’t likely to move the dollar. The U.S. dollar’s performance over the past 40 years shows little relation to the party holding the presidency and more to ...
- Asian shares fall on fears over Europe fund tightness (Category: Business)
- Shares ease on China growth worry, dollar stays firm (Category: Business)
- Gold firms on China inflation spike, US jobs data (Category: Business)
- US economic fix could take years: Obama (Category: Business)
BRUSSELS (Reuters): Rising tensions with India and China over the European Union’s “arrogant” law on carbon emissions could rob the region of the markets that can rescue it from economic malaise, airline leaders said last week. They also said they had prepared contingency plans for a possible exit of Greece from the euro, as part ...
- Passenger fare hike may earn airlines a CO2 windfall (Category: Business)
- China airlines will not pay EU emissions tax: industry body (Category: Business)
- Lufthansa to pass $ 169 m carbon costs to passengers (Category: Business)
- Shipowners join WWF, Oxfam in urging climate levy (Category: Business)
The economy grew at 8.3% last year, the highest-ever pace, up from 8.0% in 2010. Per capita income went up from US$ 2,400 to $ 2,836. Fine, but we need to ask two questions: What are the costs incurred? Is this growth sustainable? Before that, a word of caution regarding the interpretation of Gross Domestic ...
- US employment gains slow, jobless rate drops (Category: Business)
- China gets red alert to avoid Japanification as consumer price drops drag inflation to lowest le... (Category: Breaking News)
- Inflation drops further in November, says CB (Category: Business)
- Sri Lanka’s demand for legal booze drops by 30 percent (Category: Breaking News)
REUTERS: Global growth is slowly improving as the US recovery gains traction and dangers from Europe recede, but risks remain high and the situation is very fragile, the International Monetary Fund said on Tuesday. Another flare-up of the eurozone sovereign debt crisis or sharp escalation in oil
- IMF sees risks to global growth, calls for collective action (Category: Business)
- Global economic outlook slowly improving but remains fragile (Category: Business)
- IMF marks down global growth forecast, sees risk on rise (Category: Business)
- IMF MD calls for anchoring stability to sustain higher and better growth (Category: Business)
Sydney Morning Herald: This summer’s tri-series will be played amid a backdrop of a pay dispute which sees Sri Lanka’s players owed as much as $US 5million ($4.71 million) due to a cash crisis within the country’s governing body. As Mahela Jayawardene’s team battle the world
- Funds on the way for Sri Lankan players (Category: Business)
- Sri Lankans put on a gutsy show for free (Category: Business)
- Sri Lanka aim to rise above money worries (Category: Business)
- $3 m floor price set for T20 league franchises (Category: Business)
Sri Lanka Cricket Board President Upali Dharmadasa has backed the major changes announced recently in the cricket management and team. In a statement to the media Dharmadasa said that the changes were required to take Sri Lanka cricket forward. The statement said : “Many seem to criticize Sri Lanka Cricket for the Changes we ...
- Cricket: Sri Lanka axe coach after just three months (Category: Breaking News)
- Sri Lanka Cricket chief defends Marsh sacking (Category: Business)
- Marsh to be replaced by Ford as coach (Category: Breaking News)
- Dharmadasa defends Marsh sacking (Category: Breaking News)
What do nation states do when their politicians ruin their economies by serial lying to the voters, running up huge domestic and international financial deficits, uncontrolled corruption, cannot keep interest rates at reasonable rates, cannot control inflation nor hold the exchange rate steady and run the country on an unsustainable basis, depending on what has ...
- Inept’ocracy (Category: Business)
- Mario Monti named to head new Italy government (Category: Business)
- Asia stocks rise on hopes of progress in Europe (Category: Business)
WASHINGTON (Reuters): President Barack Obama will press European Union officials on Monday to reach a definitive solution to their sovereign debt crisis which is emerging as a major 2012 U.S. election worry. As Germany and France scramble to tighten budget controls across the euro zone, European
- IMF seeks more funds; G20 to discuss (Category: Business)
- Europe vows closer union at G20 summit (Category: Business)
- US economy gaining strength (Category: Business)
- Collapse of the EU: Debt and more debt (Category: Business)
A strong start to the U.S. shopping season and fresh proposals for a far-reaching solution to Europe’s debt crisis sent stocks sharply higher today. The Dow Jones industrial average soared 300 points in afternoon trading, making up more than half of the ground it lost last week.Initial
Rob Ford has seen his approval rating drop to the lowest level in his short mayoralty term as Toronto residents show displeasure over how the rookie mayor has handled the 2012 budget crisis.
Reuters: Emerging markets will not save the world if the West slides back into recession. In an interconnected global economy, decoupling is a beguiling myth. As fears mount that the developed world is shifting from slow growth to no growth, emerging markets seem to many economists better placed to weather the storm than they were ...
- Islamic markets seen leading global trade volumes (Category: Business)
- WB cuts China growth forecast to 8.2% (Category: Business)
- Asia, not North America, now has most millionaires (Category: Business)
- Divergent trends as Sept. passenger traffic rises freight declines — IATA (Category: Business)
These are disastrous times for millions of people, and our zero-sum money system can only enrich the few by bringing pain to the many. Can we build an economic policy out of our shared crisis and find a common purpose in its solution? Read more: Jared Bernstein, Kanye West
- David Nichtern: 5 Seducers That Steal Our Awareness and Contentment (Category: Features)
- David Nichtern: Work, Sex and Money -- The Dharma of Everyday Living (Category: Features)
- David Nichtern: Compassion With Wisdom (Category: Features)
- Dimitri Hamlin: Is That All There Is? The Question Of Nihilism (Category: Features)
- UTILITY APOLOGIZES FOR ERROR IN RADIATION DATA. The operator of Japan's stricken nuclear plant reports that radioactivity in water in the Unit 2 reactor tested 10 million times higher than normal, forcing the evacuation of workers and delaying efforts to bring the complex under control. But hours later it says the number is inaccurate and apologizes. Tokyo Electric Power Co. says it is unsure wh...
- Heavy Haulage (Category: Business)
- Large Project (Category: Business)
- Presumed extinct (Category: Technology)
- The Fukushima story (Category: Technology)
by Ranil Wickremesinghe By the 4th century BC, Asia had begun its first cycle of economic growth and power. This was the reason why Alexander the Great decided to travel eastward to establish an empire. At that time there was...
- Asia economy: Consumers to the rescue? (Category: Business)
- Economic power shifting to Asia from the West? (Category: Business)
- No inflation respite for Asia despite fall in food, fuel prices (Category: Business)
- Achieving economic goals amidst global challenges (Category: Business)
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