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A goat’s best friend is Mervyn! The populace has been cruel to him. Ok, to the goat too, but I am talking about a man willing to be incarcerated just to liberate a hapless animal. Thankfully, the President interceded and saved the day for both. The Minister had promised to defy a Court order and ...
Rio+20 has come and gone. For some, with June gone, the task may be looking at the flavour of the month for July to prop up different hoardings. The conference was concluded successfully and most of the final photos and comments indicated it was well attended and well run and perhaps well concluded. For sure, ...
A solution for loss-making SOEs? In the USA, a new corporate entity referred to as a Benefit Corporation (B-Corp) has been brought into being. The states of Maryland, New Jersey, Virginia, California and Vermont have legislation which permits companies to combine the profit motive with the purpose of making a positive impact on society and ...
Reuters: A court has issued an arrest warrant for the ruling party veteran poised to replace Pakistan’s ousted prime minister, local television stations reported on Thursday, deepening political uncertainty in the strategic U.S. ally. Pakistan’s president had nominated Makhdoom Shahabuddin as the Pakistan People’s Party (PPP) candidate in an apparent bid for continuity ahead of ....
Political parties supporting Greece’s international bailout begin forging a government on Monday after an election victory over radical leftists staved off the prospect of the debt-laden country leaving the euro and brought relief to global markets. Conservative New Democracy leader Antonis Samaras called for broad support after winning Sunday’s election over the Syriza party, wh...
Reuters: Authorities in the world’s major economies are preparing for a possible market storm or public panic after cliffhanger Greek elections this weekend, officials said on Thursday, should radical leftists win and cast doubt on the nation’s future in the euro zone . Britain announced on Thursday it would flood its banking system with cash ...
Peter Kropotkin is a Russian revolutionist who has commented in his book ‘The Conquest of Bread’ what he considers to be the weaknesses of the economic systems of capitalism and how poverty and scarcity thrives on. However, Kropotkin did not believe in the theory of state and is known as an anarchist. The issue of ...
Historically, capital markets have played an important role in the development of market economies and therefore the development of efficient regulation of securities too has become increasingly important. While fostering the development of the economy, the capital markets also play an important equalising role. Viz – it attracts the participation of a large number of ...
By Damien The Secretary to the treasury Dr. P.B Jayasundera recently made statement that the country is wasting the foreign currency on things that can be made in this country. I would like to add to this by stating that as a country we should have clear targets and policies that are aimed at both ...
n The Scholar who has refused to changeHumanistic approach Dr. Gunadasa Amarasekera, scholar, writer, poet, novelist, social activist and many more, in a special contribution to Professor Buddhadasa Hewavitharana Felicitation Volume Two released last month, has tried to analyse the most recent history of Sri Lanka in the context of the onset of the process ...
Reuters: Socialist Francois Hollande swept to victory in France’s presidential election on Sunday in a swing to the left at the heart of Europe that could start a pushback against German-led austerity. Hollande was set to beat conservative incumbent Nicolas Sarkozy by a decisive 51.9 per cent to 48.1 per cent margin, the TNS-Sofres polling ...
The challenges Sri Lanka has to face in its march towards development are manifold. Although the war has ended the wrong political ideologies, the proposals and timetables it created are still in operation. By Government Information Department Additional Director General Chandrapala Liyanage Similarly, various social activity groups and individuals and organisations operating under the advice ...
We do not inherit the earth from our ancestors; we borrow it from our children, as the Native American proverb goes. It is with this philosophy in mind that Jetwing Hotels will be participating in the Earth Hour campaign on 31 March. Jetwing will be the first Sri Lankan hotel chain to do so and ...
With the recent relaxing of the rupee exchange rate and subsequent increase in fuel prices, trade unions and the opposition parties are conducting protest campaigns against the Government, demanding a reduction in oil prices and the cost of living. This article investigates the living conditions of citizens in the recent past and present, quality and ...
Can clothes, fashion accessories and makeup make a country look democratic?Dictators have begun to dress up their autocratic regimes in the manner of democracies with all the mod cons that help to pass off a system of government, which is for all purposes a dictatorship, as a five-star democracy. This in the manner that a ...
Benito Mussolini, the fascist ruler of Italy, during World War II, said that his brand of fascism ‘should be more appropriately called Corporatism, because it is a merger of state and corporate power’. Compare this with the dictionary definition of capitalism: ‘A system in which a country’s business and industry are controlled and run for ...
By C. Bryson Hull MALE (Reuters): It was an ordinary blue felt pen, and not a bullet, that killed Mohamed Nasheed’s term as the first democratically elected president of the Maldives. After rising to acclaim as a champion of democracy and action against climate change, Nasheed is now back on the streets where he led ...
MALE (Reuters): The former President of the Indian Ocean archipelago of the Maldives sat inside his house awaiting arrest on Thursday after being ousted from his post in what he said was a coup at gunpoint. About 200 supporters stood under umbrellas in the pouring rain outside as Mohamed Nasheed spoke to reporters at his ...
MALE (Reuters): The ousted President of the Maldives, credited with bringing democracy to the Indian Ocean island resort, said on Wednesday he was forced out of power at gunpoint and urged his successor to step down. The Maldives on Tuesday installed Vice-President Mohamed Waheed Hassan Manik as President, who promptly denied being part of any ...
HAS democracy failed in the Maldives? As chaos engulfs the second closest country to Sri Lanka, it is impossible not to wonder over where this change will lead. Will the country still continue as a democracy or will it fall into extremist hands? What are the lessons that Sri Lanka can learn from what has ...
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
By Manoj Ridimahaliyadda espncricinfo.com: Sidath Wettimuny, the former Sri Lanka batsman, has suggested a radical restructuring of the country’s domestic cricket structure, which involves promoting provinces over clubs. The financial uncertainty surrounding Sri Lankan cricket and the upcoming board elections could, however, overshadow Wettimuny’s proposal. As a member of Sri Lanka Cri...
After the recent Commonwealth Games in New Delhi, India, critics found three new words for the acronym ‘CWG’ – Corruption, Waste and lack of Governance. The Chairman of the Indian National Olympic Committee, who was Chairman of the Organising Committee, is presently in Tihar Jail, in Delhi with many of his acolytes, on charges regarding ...
Reuters: Italy’s president appointed former European Commissioner Mario Monti on Sunday to head a new government charged with implementing urgent reforms to end a crisis that has endangered the whole euro zone. After a frenetic weekend during which parliament passed the reforms and Prime
By Devin Jayasundera Siedles (Pvt) Ltd. in its attempt to expand the Sony customer base in Sri Lanka and to provide a world class service to its cutomers launched a state-of-the-art Sony showroom at 150/3, Ward Place, Colombo 7 last week. The flagship Sony showroom equipped with the latest modern designs and sleek interior is ...
PARIS (Reuters): France announced 65 billion euros of tax hikes and budget cuts over five years, as President Nicolas Sarkozy seeks to protect the country’s creditworthiness in financial markets without killing his chances of re-election in six months time. The main goal was to protect a top-notch credit rating that allows France to fund itself ...
A COLLEGE drop out and global genius is dead. Steve Jobs was a very private person, eccentric and brash. He was fired from the company he founded Apple and was brought back to resurrect it and make it one of the most valuable and admired companies on earth, its stock earlier this year the most ...
I like to be an optimist. No matter what may happen around us, I would like to retain feelings of hope I have for all human-kind and on a more intimate level for you, for me, the newborn and the to-be-born. Yet, what has already happened around me, happening now and may happen in the ...
Reuters: Police arrested leading anti-corruption campaigner Anna Hazare on Tuesday, just hours before he was due to fast to the death, as the beleaguered government cracked down on the self-styled Gandhian activist agitating for a new “freedom” struggle. At least 1,200 followers of the 74-year-old Hazare were also detained, signalling a hardline stance from Prime ...
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