Global Economics-10:


Cell phones: A huge high-profit market

THE Philippines has been most innovative when it comes to cell phones anywhere in the world.
<http://www.manilatimes.net/national/2008/nov/09/yehey/top_stories/20081109top2.html>

‘Commercial arrangements’ are cause of high costs – NTC

COMMERCIAL arrangements between telecommunications companies make the cost of cell phone usage “unreasonable” in the Philippines, with subscribers bearing the brunt. <http://www.manilatimes.net/national/2008/nov/09/yehey/top_stories/20081109top1.html>

Condos with panoramic  view of cityscapes

Developers have taken advantage of everyone’s aspiration to be at the top of things by introducing the penthouse unit, the most prestigious dwelling in a condominium that indeed gives one a sense of having gone up in the world. Besides the esteem associated with such property, penthouse dwellers are afforded the upper-hand advantage of generous views that overlook the rest of the city below. <http://www.manilatimes.net/national/2008/nov/09/yehey/property/20081109prop1.html>

Embracing African roots in Jamaica

The BBC's African Perspective programme is investigating what life is like for some of an estimated 20 million Africans who live in the diaspora.

Nick Davis in Kingston finds out what made some Africans voluntarily make the former slave island of Jamaica their home.

Christopher Columbus landed on the beach at Rio Bueno on Jamaica's north coast in 1494 and forever changed the history of this island.

The Spanish arrived and brought the Africans with them. They imported slaves throughout their 160-year stay and the practice continued under British rule.

Some of my students sometimes don't seem very proud to be called African, they associate the place with poverty, starvation
Anthropologist Barry Chevannes,
University of the West Indies

Jamaica's national motto is "Out of many, one people" - a description of the island's multi-ethnic background.

But with over 90% of the 2.6m population being black, the country looks African.

But does it feel African?

"It looked like home to me when I first arrived. Sometimes I'd make a mistake and speak to people in my Ghanaian language and then I'd suddenly realise, this isn't a Ghana," says Sophie Dawes who grew up in what was formerly called the Gold Coast, now Ghana. <http://news.bbc.co.uk/2/hi/africa/7711767.stm>

Recipe for rescuing our reefs

VIEWPOINT
Rod Salm

The colourful world supported by coral reefs is under threat as oceans absorb greater quantities of carbon dioxide, says Rod Salm. In this week's Green Room, he says we must accept that we are going to lose many of these valuable ecosystems, but adds that not all hope is lost.


Imagine all the colour and vibrancy of coral reefs fading away into fuzzy, crumbling greys and browns, and you're left with a coral graveyard that could become the norm
 I've been privileged to see many of the world's finest and least disturbed reefs.

Mine were the first human eyes to see many of the remotest reefs at a time when we really could describe them as pristine.

I would never have dreamed that they were at risk from people, far less than from something as remote then as climate change.

Today, despite the doom and gloom one reads so much about, one can still find reefs that are vibrant, thriving ecosystems.

But sadly, too, there are more and more that look like something from the dark side of the Moon.

These degraded reefs have been ravaged by destructive fishing, bad land use practices that smother them with silt, and pollutants that foster disease and overgrowth by seaweeds.

More alarmingly, there are large areas that are killed off and degraded by warming seas linked to climate change.

We've all read that global warming poses a tremendous threat to our planet, and that coral reefs will face an uphill battle to survive in warmer waters.

Yet the greatest threat to our oceans and to all of its wonders is little known, nearly impossible to see, and potentially devastating. This is not climate change, but does stem from the excess carbon dioxide emissions that contribute to climate change. <http://news.bbc.co.uk/2/hi/science/nature/7709103.stm>


Emerging economies want new role


The G20 says there must be a global solution to current problems
World finance chiefs are looking to increase the role of emerging nations, as part of reforms to tackle the current crisis.

Finance ministers and central bank presidents from the world's 20 major economies have been meeting at a G20 summit in Sao Paulo in Brazil.

World Bank President Robert Zoellick said countries see the need for better coordination towards economic issues.

"All of us know it's a meeting at a time of historic challenge," he said.

"The food and fuel crises of the recent years have now been supplemented by the blow of a financial crisis. Virtually no country has escaped... all countries are moving into a danger zone." <http://news.bbc.co.uk/2/hi/business/7718277.stm>


Holy City facing splits and decline

By Heather Sharp
BBC News, Jerusalem


Jerusalem is "starting to die" says pharmaceutical worker Dikla Meheraban, 26, amid bustling shoppers and rumbling buses at the heart of the predominantly Jewish west of the city.

The violence of the last intifada has waned, but a gloomy picture of the Holy City has emerged during campaigning for Tuesday's mayoral elections.

Jerusalem residents give their views on the Holy City

Soaring land prices, dirty streets, economic stagnation, job shortages, the flight of the city's young people and secular Jews and the construction of a light rail system that has caused traffic to all but grind to a halt are all common gripes.

It ranked bottom in a recent survey of the quality of life in Israel's 15 largest cities.

The future of Jerusalem, home to some 740,000 people and a pilgrimage site for Muslims, Christians and Jews, is hotly contested.

Israelis see it as their capital, Palestinians want to have theirs here too.

And though many of its residents have great affection for the city, it has a reputation in Israel as a "religious, backwards town", said student Jay Rosen, 27, at a recent debate between the mayoral candidates.

"This is the capital and it needs to start acting like one," said Mr Rosen.

MAYORAL CANDIDATES
Nir Barkat
Secular high-tech businessman, leading in most polls
Meir Porush
Ultra-Orthodox rabbi, Israeli MP since 1996, former deputy housing minister, Barkat's closest challenger
Arkady Gaydamak
Russian-born tycoon, owner of major Israeli football club, currently on trial in absentia in an arms trafficking case in Paris
Dan Biron

TV executive-turned-bar owner, left-wing candidate from party seeking legalisation of marijuana


While many major world cities are swamped with new arrivals, about 5,000 more people leave Jerusalem than move in each year.

Raffi Radovan, 35, says he and about 10 of his close friends are among those who have left because they say the city is becoming too religious.

He now commutes from Tel Aviv to his job managing an art gallery at the Israel Museum.

Jerusalem's ultra-orthodox, or Haredi, community, with its large families and high birth rate, has grown from about a tenth of the city's Jewish population in the 1960s to between a quarter and a third.

But it is its growing influence in the municipality, and the spread of close-knit communities of black-hatted, strictly-observant Haredim into previously secular and mixed neighbourhoods that causes most ire.


I feel less and less that this is my city
Raffi Radovan, secular ex-Jerusalemite

Mr Radovan sighs as he talks of the hostile graffiti that appeared on the door of a small artspace he opened and his friend's problems employing Jews in his bar on the Sabbath.

"I feel less and less that this is my city," he says.

Haredim are known for moving en-masse into secular or mixed neighbourhoods by paying above market value for apartments, pushing up prices.

With the new residents come fears that, like in long-standing Haredi neighbourhoods, women dressed "immodestly" (which usually means not covered from neck to ankle and wrist, with trousers considered unacceptable) will be harassed.

They worry too that cars moving on the Sabbath will be stoned, and newspapers and non-kosher food will disappear from the shops - which will be forced to close on Saturdays.

"I just felt that you can't really fight it," said Mr Radovan. "It's them and us - we are all Jewish, but the way we think is different, the way we act, where we shop, it's a totally different culture." <http://news.bbc.co.uk/2/hi/middle_east/7719845.stm>


Merged banks' names cybersquatted


Bidding for one of the banks' new online homes starts at $1500
Internet addresses corresponding to recent bank mergers are already being hoarded and sold online.

In "cybersquatting", likely addresses are bought cheaply in the hope of selling to the businesses involved, or as a medium for advertising.

Domain names for the merged Bank of America/Merrill Lynch as well as for Lloyds TSB/HBOS have been snapped up.

In one case, the domain name has already been listed on eBay, with the site directing visitors to the auction.

As reports of Lehman Brothers' intent to sell itself first surfaced last Friday, cybersquatters had already spotted Barclays, HSBC and Bank of America as potential buyers.

Accordingly, barclayslehman.com, hsbclehman.com, hsbclehmanbrothers.com and bofalehman.com had been acquired.

With the acquisition of Merrill Lynch by Bank of America this week, cybersquatters registered bankofamericamerrilllynch.com and bofaml.com.

There are opportunists out there waiting to pounce on any event
Jonathan Robinson

In the UK, speculation surrounding the merger of Lloyds TSB with HBOS prompted yet more cybersquatting, so that now lloydstsbhbos.com and hboslloydstsb.com are owned.

"It shows how there are opportunists out there waiting to pounce on any event," says Jonathan Robinson, chief operating officer of NetNames.

"We've seen it in the case of celebrity with David Beckham going to LA Galaxy, we've seen it in the case of tragedy, with Princess Diana's death. There's a subtle twist on the whole thing now, which is the anticipation of the event." <http://news.bbc.co.uk/2/hi/technology/7621647.stm>


Jews lose hold on Antwerp diamond trade

By Duncan Bartlett
BBC News, Antwerp


There used to be tens of thousands of diamond cutters in the Belgian port of Antwerp. Now there are only a few hundred.


Traditional methods are coming under threat from globalisation

It is within the city's Jewish community that most of the jobs have been lost - particularly among the Hasidic Jews who adhere strictly to religious laws.

Out of about 2,000 Hasidic families in Antwerp, 1,000 are now headed by a man who has no job.

Unemployment of 50% would cause great hardship among any group of people. But for Hasidic Jews it brings special problems.

Women do not usually work - they raise large families, with nine children on average - and the children are often given private religious education.

Jobs move abroad

In fact, diamonds still make a lot of money in Antwerp - but it is shared among a small elite.

Setting up as an independent dealer has become almost impossible.

But Alan Majerczyk, a director of the Antwerp Diamond Bourse, denies there is any prejudice against any particular group.

"It's a multi-racial environment and we all get along well - it's an example to the outside world," he says.

"Like any other industry, we couldn't afford to pay the heavy labour costs in Europe, so the polishing moved to India and China, but at a certain stage the goods come back. Antwerp gets 80% of all the rough trade and 50% of the polished diamonds."

Africa, too, has taken some of Antwerp's jobs. Nations where diamonds are mined, like Botswana, now insist the lucrative cutting process is also done within the country.

The use of lasers to cut the diamonds has also reduced the number of jobs.

Most of the Jews who work in the diamond trade are self-employed, which allows them to observe the Sabbath and religious holidays.

Alan Majerczyk, a director of Antwerp's Diamond Bourse, explains its history

Nowadays, though, the industry is increasingly dominated by huge businesses like de Beers, which made nearly $500m (£280m) profit last year.

Some of the Jewish men who have been left without work are now starting to retrain in other professions.

Sam Friedman believes it is vital for men from his Hasidic community to gain new skills, and so he offers them night classes in accounting, languages and computers.

"Training and education are very important for the Hasidic people to get a job, because in the Jewish schools they only learn about Jewish law and Jewish history but not about general things," he says.

"So it's very important after religious school to train some more so that you can find a job."

Cultural clash

Even among other Orthodox, non-Hasidic Jews, there is a major debate over education.

Tradition-minded parents often do not let their children go to university, partly for fear that its secular environment will taint their religious beliefs.

Marcel Engelstein is a successful businessman in Antwerp who believes the changes in the diamond industry present an opportunity for positive change.


Alan Majerczyk says Antwerp still has a future in diamonds

"We have here a community connected to Israel - which has developed a lot of hi-tech businesses. We can use our brain power to bring the companies here," says Mr Engelstein.

"The Hasidic and Orthodox people are using their brains all the time when they are learning the Talmud [religious law and history].

"So it's very easy to teach them new things. They need a bit of guidance and a bit of will power, of course, but I think we can really get them to do that."

Some people already have learned new skills - like Daniel Verner, a young man who is making a name for himself locally as an architect.

His father used to work in diamonds and his brothers still do. But he decided to go to university and then set up his own business.

"Twenty years ago people would proclaim you crazy for not going into diamonds, and today it's just the opposite," he says.

"When people try to look for jobs outside diamonds they gain respect, because everybody knows the situation is much more difficult today than it was back then."

Mr Verner believes that loosening the links between the Jewish community and the diamond trade will transform the society.

"Everybody is going to have a different life, different schedules and different interests, so even when we talk together it's going to be on different subjects. For sure it's going to change," he says. <http://news.bbc.co.uk/2/hi/europe/7619722.stm>


Intel rolls out computer chip with six brains 

Intel on Monday rolled out its first chip with six brains, unveiling a "multi-core" microprocessor that boosts computing muscle while cutting back on electricity use.

The world's leading computer chip maker's new Xeon 7400 series microprocessor is tailored for businesses that want to boost server performance while conserving on space and energy.

Intel executives say the Xeon 7400 is part of an "incremental migration" toward chips with limitless numbers of "cores" that seamlessly and efficiently share demanding computer processing tasks.

Intel and rival Advanced Micro Devices have two-core and four-core chips on the market.

The six-core chip delivers 50 percent more performance than its quad-core predecessor while using 10 percent less electric power, according to Intel enterprise group vice president Tom Kilroy.

Electricity and cooling expenses can account for nearly half the cost of running company computer servers.

"It isn't just performance and energy efficiency but the use models," Kilroy said of the boon promised by increasingly powerful chips. "One of the major ones is virtualization."

Multi-core chips are boons to computing trends including high-definition video viewing online; businesses offering services applications on the Internet; and single servers running many "virtual" machines.

"There is a realization that we will be able to bring things to market that weren't feasible four years ago," MySpace vice president of technical operations Richard Buckingham said while discussing the new chip's potential.

MySpace is among a growing number of Internet companies using "virtualization" to essentially multiply the usefulness of computing hardware with software that creates simulated computers complete with operating systems.

"When developers ask you for something you can pull it out of the air, literally," VeriSign  engineering director John Bosco said of virtualization made possible by multi-core chips.

Multi-core chips basically allow computers to divvy up tasks to work on simultaneously instead of having a single powerful processor handle a job in a linear style from start to finish.

"It helps keep things exciting. Our development community has embraced the multi-core era," Bosco said.

Dell, Hewlett Packard, IBM, Unisys and Fujitsu are among the computer makers building the new Xeon 7400 chips into servers designed for business networks, according to Intel.
-- AFP <http://www.manilatimes.net/national/2008/sep/18/yehey/techtimes/20080918tech1.html>


Gatwick Airport put up for sale

The UK's second-largest airport, Gatwick, has been put up for sale by its owner BAA.

The move comes four weeks after the Competition Commission said BAA may have to sell three of its UK airports because of market dominance concerns.

Several firms are said to be interested in buying Gatwick, which has been valued at £1.8bn by regulators.

Potential bidders include Australian company Macquarie, Germany's Fraport, and the owners of Manchester airport.

Virgin Atlantic said it would also be interested in bidding as part of a consortium.

"We are delighted that BAA has ended the uncertainty over Gatwick's future," said Steve Ridgway, Virgin Atlantic chief executive.

"Virgin Atlantic would relish the opportunity to bid for Gatwick as part of a consortium and inject our customer service expertise into any future running of the airport."

However there were misgivings at the Unite trade union, whose national officer, Steve Turner, said: "It simply beggars belief that a 'For Sale' sign can be hung across the country's second largest airport.

"Gatwick is a core component of the national infrastructure and an essential part of the UK's aviation sector, yet it is to be flogged off with little care for the wider social impact." <http://news.bbc.co.uk/2/hi/business/7620293.stm>


Controversy over telescope origin


The traditional account places the telescope's origins in the Netherlands
New evidence suggests the telescope may have been invented in Spain, not the Netherlands or Italy as has previously been assumed.

The findings, outlined in the magazine History Today, suggest the telescope's creator could have been a spectacle-maker based in Gerona, Spain.

The first refracting telescopes were thought to have appeared in the Netherlands in 1608.

But the first examples may actually have been made for Spanish merchants.

The inventor, according to historian Nick Pelling, could have been a man called Juan Roget, who died between 1617 and 1624.

The idea subsequently travelled north to the Netherlands, where, in 1608, three separate individuals claimed the invention as their own.

Patently false?

The Dutch spectacle-maker Hans Lipperhey submitted his application for a patent on 2 October 1608.

On 14 October, reports of another man demonstrating a telescope surfaced in the Netherlands.

And on 17 October 1608, another spectacle-maker, Jacob Metius of Alkmaar, put in an independent patent for a telescope.

But Mr Pelling finds the traditional account lacking: "Throughout history, there have been cases of people inventing things all at the same time. But generally, there's a good reason for that. It's because someone had put down a challenge.

He told BBC News: "In 1608, no one had presented a challenge - there's no perception of a challenge. It doesn't make any sense. Three people did not invent the telescope in the space of two weeks."

More recently, other historians have suggested the telescope was first invented in Italy.

Mr Pelling got involved in the area when he came across a reference on the internet to a research paper published in 1959 by a Spanish optometrist and amateur historian by the name of Simon de Guilleuma.

De Guilleuma investigated a reference in a book published in 1609 by the Italian Girolamo Sirtori.

In the book, Sirtori describes a meeting with an aged spectacle maker called Juan Roget in Gerona who he described as the real inventor of the telescope.

Death register

Telescope historians have considered Roget - who hailed from Burgundy in France - too marginal to pursue. But de Guilleuma discovered a reference to the death of his wife in an official register.

He also found official listings for many of Roget's relatives in Barcelona, many of whom were also spectacle-makers. They matched the descriptions detailed by Sirtori, and existed in exactly the places and dates he described.

De Guilleuma did not stop there; he looked for "ulleras" - a Spanish word originally meaning eyeglass, but later used for telescope - in inventories of goods from contemporary deaths in Barcelona.

The earliest was from 10 April 1593 when a Don Pedro de Carolona passed down "a long eyeglass decorated with brass" to his wife.

However, Mr Pelling accepts in his article that this item could have referred to a magnifying lens with a long handle.

But he says a subsequent reference to an "eyeglass/telescope for long sight" from 1608 sounds like a Roget telescope.

Later improvement

According to Mr Pelling, Roget - and his customers - may simply have failed to see the potential for the invention.

"It's a bit like golf courses. The people who make golf courses often go bust. It's the person who buys the course who makes money," said Mr Pelling.

He said in his article in History Today: "Even at the time, I think it was clear that all the Dutch claimants were lying, misleading, misremembering and concealing to various degrees."

Mr Pelling said he had been in contact with de Guilleuma's family and now hoped to be able to view other, unpublished research left by the historian after he died.

The Tuscan astronomer Galileo Galilei would greatly improve on the Dutch designs.

These refracting telescopes used lenses to form an image. In 1616, Galileo's compatriot Nicolo Zucchi developed the first reflecting telescope - which used an arrangement of mirrors to create an image. <http://news.bbc.co.uk/2/hi/science/nature/7617426.stm>


Washington diary: Troubled times

By Matt Frei
BBC News, Washington

In the rolling, rollicking ballad that is American politics, last week was dominated by burlesque musings on pigs and lip-stick.


The bad news from Wall Street now dominates the campaign

This week is overshadowed by the bleak realisation that we are all at the mercy of forces well beyond our control.

In Texas, tens of thousands have been mauled by nature's teeth in the form of Hurricane Ike.

Elsewhere, we are all - to some extent - being mauled in the tussle between greed and fear that motivates Wall Street.

Greed has ruled the roost for the past quarter of a century, with so many of us playing the happy addict as the banks willingly supplied us with easy credit and irresponsible mortgages.

Now fear is having a field day. <http://news.bbc.co.uk/2/hi/in_depth/americas/2008/vote_usa_2008/7620124.stm>


Roma poverty a major issue for EU

By Nick Thorpe
BBC News, Hungary

The European Union's freedom of movement laws mean Eastern Europe's large population of Roma (Gypsies) is now spreading west.


Roma make up around 10% of the population in Eastern Europe

The effect of this influx on national economies, as well as the deep poverty of the EU's Roma, are high on the agenda as the first summit on Roma integration within the EU begins in Brussels.

Italy and Spain have received the most Roma, mainly from Romania, Bulgaria and Slovakia, where they make up more than 10% of the population.

Italy has witnessed the most serious effects - murders blamed on Roma, and revenge attacks by vigilante groups, followed by controversial government attempts to fingerprint Roma immigrants.

In Hungary, there is tension between Roma and non-Roma, after a teacher was beaten to death by a Roma mob in one village, and attacks on a lorry driver and his family in another - both after road traffic accidents involving Roma children.

The creation of a "Hungarian Guard", by far-right groups who arrive in villages after such incidents, is fuelling fears of an explosion.

Integration key

"I don't really know how the EU could help," said Andras Ujlaky, head of the Chance for Children Foundation in Hungary.

"But perhaps they could start by pressurising national governments to implement their own declared policies in housing, employment and education."


There weren't many opportunities... This was the chance for me!
Jozsef Nagy
Trainee customs officer

In Hungary, an earlier policy to give money to schools for the mentally disabled, to which a disproportionate number of Roma were sent, was abandoned when it was realised that it encouraged segregation.

Now funds are focused on mainstream schools which accept more Roma - though they impose limits of 25% Roma in a class.

There has been a wave of school closures in recent years in Hungary, as population figures fall.

That cuts both ways for the Roma. When Roma ghetto schools close, and the children are redistributed among schools with an ethnic Hungarian majority, it helps integration efforts.

The town of Hodmezovasarhely in south-eastern Hungary has been a pioneer, with five out of 11 primary schools closed last year alone.

But in far-flung villages with a majority Roma population, Roma and non-Roma parents alike are upset when local schools close and children are bussed off each day to towns.

The links between the parents and the schools are broken.

An alternative policy, supported by opposition parties, would be to improve the facilities and standard of teaching in existing schools.<http://news.bbc.co.uk/2/hi/europe/7618399.stm>


Intel warns of falling revenues

Intel sales reflect the wider computer sector

Intel, the world's biggest computer chip maker, has warned that its latest revenues will miss market targets due to weaker global demand for PCs.

In the latest sign of lower consumer spending worldwide, Intel said its revenues for October to December would probably be 14% down on predictions.

It now projects fourth-quarter revenue of $9bn (£6bn), down from its previous forecast of $10.5bn.

Analysts said the new figure was much worse than expected. <http://news.bbc.co.uk/2/hi/business/7725991.stm>


Catching up with the 'internet pimps'

By Chris Summers, BBC News

Nine people from Thailand have been jailed for up to two-and-a-half-years for their part in exploiting women who were advertised in "online brothels".

They are thought to have made millions of pounds from women trafficked from Asia to the UK for use in the sex trade.

Oriental Gems
More than 60 girls were advertised on the website


Scotland Yard launched Operation Gib in December last year after receiving intelligence that women had been trafficked into the UK and housed in 20 brothels in London.

Every night thousands of men trawl websites in the UK advertising women offering sex for sale.

Many of them are run by prostitutes, or escorts as they often like to describe themselves, who are essentially self-employed entrepreneurs using the internet to cut out the pimps.

But some are advertising women who have been trafficked into the country and are being exploited for profit.

Oriental Gems was one such "online brothel", which as its name suggested, specialised in girls from the South East Asia.

A gallery on the site showed photographs of more than 60 naked and semi-naked women. Many of them were effectively commodities who had been traded and invested in by "bondholders".
   
It can't be right in this day and age that young women coming to this country should be sold off effectively as slaves to work for free until their debts are expunged

Judge Christopher Hardy
Internet sex gang members jailed

One of the women - advertised on the website as "Helen" - had been "bought" from her traffickers by a syndicate of two women and a man for £11,000 and then told she would have to pay her "bondholders" £30,000 to win her own freedom.

Brian O'Neill, prosecuting, said she effectively had to sleep with 300 men, at £100 a time, to buy herself out of a modern-day form of slavery. <http://news.bbc.co.uk/2/hi/uk_news/7720605.stm>


India battles diabetes 'epidemic'

For reasons that doctors do not fully understand Indians seem to have an unnaturally high risk of contracting diabetes.

Patients at eye clinic
The government plans an awareness campaign for Indians

So if they stray just slightly into an unhealthy way of living they become very vulnerable.

The Indian government has plans to set up a public awareness programme to warn citizens of the risk.

Diabetes can be averted if the right measures are taken early enough.

Responding early has become critically important, because there are now signs that young people - even those in their early teens - are getting Type II diabetes. <http://news.bbc.co.uk/2/hi/south_asia/7728092.stm>


How Bretton Woods reshaped the world

By Steve Schifferes
Economics reporter, BBC News


The Mount Washington Hotel was the scene of the monetary conference.

In the summer of 1944, delegates from 44 countries met in the midst of World War II to reshape the world's international financial system.

The location of the meeting - in the plush Mount Washington Hotel in rural Bretton Woods, New Hampshire - was designed to ensure that the delegates would have no distractions, and no pressure from lobbyists or Congressmen, as they worked on their plans for post-war reconstruction.

The meeting was born out of the determination by US President Franklin D Roosevelt and UK Prime Minister Winston Churchill to ensure post-war prosperity through economic co-operation, avoiding the economic conflicts between countries in the 1930s that they believed contributed to the drift to war.

We have had to perform at one and the same time the tasks appropriate to the economist, to the financier, to the politician, to the journalist, to the propagandist, to the lawyer, to the statesman-even, I think, to the prophet and to the soothsayer
John Maynard Keynes

The principal negotiators at the meeting were the US, represented by the US Treasury's Harry Dexter White, and the UK's John Maynard Keynes, who was serving as UK Treasury adviser despite declining health.

And chairing the proceedings was Henry Morgenthau, the US Treasury Secretary, from the only country that was likely to emerge from the war with a strengthened economy.

President Roosevelt told the conference: "The economic health of every country is a proper matter of concern to all its neighbours, near and distant."

Fixed exchange rates


The UK's John Maynard Keynes argued for a single world currency

The meeting was part of the process led by the US to create a new international world order based on the rule of law, which also led to the creation of the United Nations and the strengthening of other international organisations.

The delegates focused on two key issues: how to establish a stable system of exchange rates, and how to pay for rebuilding the war-damaged economies of Europe.

And they established two international organisations to deal with these problems.

The International Monetary Fund was set up to enforce a set of fixed exchange rates that were linked to the dollar.


The Wall Street crash led to a decade of protectionism

Countries in balance of payments difficulties could receive short-term help from the IMF to avoid devaluation, and it could sanction changes in exchange rates when necessary.

The World Bank (officially the International Bank for Reconstruction and Development) was set up to make long-term loans "facilitating the investment of capital for productive purposes, including the restoration of economies destroyed or disrupted by war [and] the reconversion of productive facilities to peacetime needs".<http://news.bbc.co.uk/2/hi/business/7725157.stm>


Prostitute users face clampdown

Sex worker Jo says there should be controlled zones for prostitution

Paying for sex with prostitutes who are controlled by pimps is set to become a criminal offence, Home Secretary Jacqui Smith is expected to announce.

She will also say that people who knowingly pay illegally trafficked women for sex could face rape charges.

Ms Smith is to promise that more kerb-crawlers will be prosecuted and police will get powers to close brothels.

Buying or selling sex is legal but many prostitution-related activities, such as soliciting and pimping, are not.

Hefty fine

The Home Office is planning to criminalise paying for sex with a woman "controlled for another person's gain".

Those convicted would get a fine and a criminal record.
   
We want to send a clear message to force men to think twice before sex
Home Office

Britain's prostitute laws

Pleading ignorance of the circumstances under which a prostitute is working will not count as a defence.

A Home Office spokeswoman said: "We want to do everything we can to protect vulnerable women.

"That is why we are determined to shift the focus onto the sex buyer, the person responsible for creating the demand for prostitution markets which in turn creates demand for the vile trade of women to be trafficked for sexual exploitation."

She added: "We want to send a clear message to force men to think twice before sex and make it clear that if they pay for sex with someone who has been controlled or exploited, they will get a criminal record and a hefty fine."
<http://news.bbc.co.uk/2/hi/uk_news/politics/7735908.stm>


How dangerous are networking sites?

By Anna Jones
BBC News

A court in the US is preparing to hear the case of a woman accused of using MySpace to bully a 13-year-girl who later committed suicide

MySpace users create their own profiles online
The case has prompted new concerns over the potential dangers of online social networking sites.

Websites like Facebook, Bebo, Twitter and others have come to be seen as an essential part of life for millions of people.

They enable users to share their lives with friends around the world, and get in touch with people with similar interests.

And, perhaps more importantly, they give people an engaging way of wasting time and socialising without the inconvenience of leaving their computers.

With 120 million active users on Facebook alone, there is certainly a wide social networking world to discover.

But for all those people for whom networking sites are a harmless time-waster, there are, as in all parts of society, some who use it for more malicious purposes.

For 13-year-old Missouri girl Megan Meier, the bullying she received through MySpace, which she believed was coming from a boy in the neighbourhood, appears to have driven her to take her own life.

In fact, while Megan thought she was being abused by 16-year-old Josh Evans, she was actually talking to Lori Drew, the 49-year-old mother of one of her former friends who, it is alleged, had set up a fake profile to taunt Megan.

Ms Drew is now standing trial on computer fraud charges. <http://news.bbc.co.uk/2/hi/americas/7736311.stm>


Colombia scam: 'I lost my money'

A Colombian primary school teacher, Ingrid, tells BBC News how she and many others in Caicedonia, western Colombia, fell for the pyramid money schemes, and lost out.

I'd say 90% of people in this town have lost money.

Caicedonia, Valle del Cauca, Colombia
Queueing to get money back from pyramid schemes in Caicedonia

I put $30 in the scheme because I wanted to see what would happen.

One of my colleagues at school saw an advert on an office wall, promising a return of 90% on investments, in 30 days' time.

They organised a group donation and together we put in $350.

[Giggles nervously]. I am laughing because it's funny to believe we actually did that.

People found the cash to invest from all sorts of places, some people even sold their homes. Two places in Caicedonia were offering these pyramid schemes.

We put our money in one month ago; we were supposed to collect our money today.

   
Some people did win money! They bought TVs, cars and stuff for their houses

My co-workers placed the investment, they didn't know the people behind the scheme, they were from another city in Colombia.

We first realised there were problems last Tuesday when we saw big queues at the pyramid office. Friends told me they weren't getting their money back because too many people were asking for it at the same time. <http://news.bbc.co.uk/2/hi/americas/7736124.stm>


Jamaican music lifts lid on abuse

By Nick Davis
BBC News, Kingston

Female students sit on a bench in Jamaica
Queen Ifrica says her song lyrics are inspired by girls she has met

Jamaican reggae star Queen Ifrica had a chart-topping hit earlier this year.

But despite the song's popularity among her fans, some radio DJs shied away from playing it.

The reason was in the lyrics. The track, entitled Daddy, had a powerful message highlighting two issues rarely tackled publicly in Jamaica - rape and incest.

As we sit chatting in a hotel bar in Kingston, Queen Ifrica launches into her song.

"Daddy don't touch me there, I'm gonna tell on you one day I swear," she sings.

Queen Ifrica says her work just reflects the experiences of people she has met.

"Just interacting with people who've been abused and seeing how much pain they are carrying round, especially the younger ones who are pregnant and say the baby they are carrying is their dad's - it's something you just can't walk away from," she says.

Queen Ifrica is not alone. Other Jamaican musicians are also keen to draw attention to the sexual violence that mars the lives of some of the island's teenagers.
  
Queen Ifrica

Everyday a wonder why ma daddy had to be di one to take away my innocence. Sometimes a wanna die feels like no one cares for me...
Queen Ifrica's lyrics

"Music in Jamaica has been our oral medium, by which all sorts of comments on all sorts of social justice are made,"
says Carolyn Cooper, head of the Department of Literary Studies at the University of the West Indies.

The news headlines suggest it is a timely campaign. There was a 4% increase in reported rape cases between 2007 and 2008, according to the Jamaica Constabulary Force. <http://news.bbc.co.uk/2/hi/americas/7729178.stm>


Nabokov's final literary striptease

By Stephen Smith
Newsnight Culture Correspondent

In an exclusive television interview, Newsnight speaks to the son of controversial author Vladimir Nabokov about the posthumous publication of the writer's final novel.

Stephen Smith goes in search of Nabokov's lost novel

After the death of the notorious libertine Lord Bryon, who was mad, bad and dangerous to know, his memoirs were thrown into the fire at the offices of his publishers John Murray in Edinburgh, in 1824.

The poet's literary executors decided to destroy Byron's journals in order to protect his reputation.

Bryon's short but eventful life had taken him to Switzerland, among other places, and his Prisoner of Chillon was inspired by the brooding medieval castle of the same name on Lake Geneva.

A hundred and fifty years or so after Byron's death, another writer associated with sexual controversy passed away on the banks of the lake, posing a conundrum to his own executors.

He was Vladimir Nabokov, author of the brilliant but scandalous Lolita (1955), a blackly comic account of middle-aged Humbert Humbert's infatuation with a 12-year-old girl.

At the time of his death in 1977, Nabokov was working on another novel, said to deal with some of the same challenging if uncomfortable themes. <http://news.bbc.co.uk/2/hi/programmes/newsnight/7735483.stm>


Deal brokered to end NI deadlock

N Ireland secretary Shaun Woodward: 'Politics has triumphed once again'

The DUP and Sinn Féin have come to an agreement on the devolution of policing and justice powers designed to bring a 152-day deadlock at Stormont to an end.

Northern Ireland's first and deputy first ministers have set out a series of steps to be taken before policing and justice can be devolved.

The executive will meet on Thursday, 20 November, and on a weekly basis until business is up-to-date, they said.

There is no timetable, but both parties are committed to completing the process

Under a special clause, temporary arrangements for electing a justice minister will be replaced by permanent rules by May 2012.

Speaking at a news conference at Stormont, First Minister Peter Robinson said there had been "a satisfactory resolution of the most difficult issues".

Deputy First Minister Martin McGuinness said "significant progress" had been made.

Both ministers said they wanted devolution to happen "without undue delay".

"We are both agreed that policing and justice functions should be devolved, every leading politician in this community is committed to this outcome," Mr McGuinness said. <http://news.bbc.co.uk/2/hi/uk_news/northern_ireland/7735489.stm>


Judge pulls out of Franco probes


Remains of some 4,500 people have been found in this grave at Malaga
A top Spanish judge has pulled out of investigations into the fate of more than 100,000 people who vanished during the civil war and Franco dictatorship.

Justice officials say Baltasar Garzon complied with demands that inquiries should be handled by courts in the regions where crimes were committed.

Judge Garzon announced last month that the opening of mass graves from Spain's 1936-39 civil war could start.

But Spain's top criminal court later suspended the exhumations.

It imposed the halt to allow it to rule on whether Judge Garzon had the competence to launch the inquiry.

Judge Garzon's supporters condemned the ruling as "brutally inhumane".

But others said the judge's intervention violated the 1977 Amnesty Law, that pardoned politically-motivated crimes by General Franco's friends and foes alike.

'Delicate transition'

In October, Judge Garzon named Gen Francisco Franco and more than 30 members of his regime as instigators of alleged crimes against humanity.


Baltasar Garzon is seen by many in Spain as a polarising figure

In a 68-page edict, the judge referred to 114,000 alleged victims who "disappeared" over a 15-year period, following Gen Franco's military uprising against the elected Second Republic government in July 1936.

Judge Garzon also said that mass exhumations could start - including, controversially, at the grave where poet Federico Garcia Lorca is thought to be buried.

But earlier this month, Spain's top criminal court, the National Audience, ruled that "the activities related to the exhumation of bodies must be suspended while this court resolves questions raised by the public prosecutor regarding the competence of the judge to make this move".

Its ruling followed an appeal from the public prosecutor, who had said Franco-era crimes could not be examined because of the Amnesty Law.

By guaranteeing that the past would not be raked over, the law underpinned Spain's delicate transition from dictatorship to democracy, the BBC's Steve Kingston in Madrid says.

However, the United Nations Commission on Human Rights has recently asked Spain to abolish the law, saying it contradicted international treaties.  <http://news.bbc.co.uk/2/hi/europe/7735267.stm>


White Horse Village part four - the betrayal

By Carrie Gracie
BBC Newsnight


Remoteness and poverty sheltered White Horse Village from much of the turmoil of 20th century China

The Chinese leadership unveiled a rural revolution in Beijing last month, declaring it difficult but necessary to bring fast growth to the countryside.

A thousand miles away, standing in White Horse Village 'difficult but necessary' feels like an understatement.

Rows of leaking breeze block cells now house the farmers who've seen their fields seized and their homes demolished to make way for a new city.

The past is gone, and the future is taking shape more slowly and painfully than originally promised.

We've been coming to White Horse Village for two and a half years now.

Portrait 'in miniature'

Hemmed in behind daunting mountains to the north of the Yangtze, its remoteness and poverty sheltered it from much of the turmoil of 20th century China and its inhabitants went on farming the way their forbears had for thousands of years.

But White Horse Village is now being recruited to play its part in the 21st century.

People in China's cities are now more than three times as rich as their country cousins and 150 million farmers, including almost all the young and able of White Horse Village, have flooded to the cities.


Farmers were told to move out of their homes or face eviction
Now Beijing has decreed that it's time to build the cities back home and transform these migrants from people who just make the goods to the people who consume them.

White Horse Village is a portrait in miniature of one of the most important stories in China: whether Beijing can take tens of thousands of villages like this and drag them into the narrative of a rising 21st century superpower.

On our first visit in 2006, the planners told us that within three years, a hill and a village would be flattened to make way for a city of half a million people and that a motorway through the mountains would deliver the world right to that city's doorstep.

The villagers were promised a fine new high school complete with laboratories, libraries and swimming pool.

Their land was already gone and they would have to move out of their farmhouses, but in exchange they'd each have an apartment and a shop front, and their children would get an education to equal the best in China.
<http://news.bbc.co.uk/2/hi/programmes/newsnight/7727839.stm>



Peru bets on China's economic muscle

By Dan Collyns
BBC News, Lima


Peru's textile industry stands to lose the most from a deal with China

Ever since its independence 184 years ago, Peru has gone through periods of boom and bust.

The wealthy periods came from guano - sea bird droppings used for fertiliser - in the mid-19th Century, rubber came shortly afterwards, then a later boom in silver and gold.

Many Peruvians remember recent busts, like the hyperinflation which marked the end of current President Alan Garcia's first term in office in the late 1980s.

But Mr Garcia, who swore not to repeat his mistakes when he took office in 2006, is now presiding over a very different economy which he says is well-placed to withstand the international financial crisis.

As Peru hosts 21 heads of state for the Asia Pacific Economic Cooperation (Apec) summit, many of them - particularly China - appear to agree, and Peru has been signing a number of free trade pacts. <http://news.bbc.co.uk/2/hi/americas/7737165.stm>


'World only cares about pirates'

Ex-Somali Army Colonel Mohamed Nureh Abdulle lives in Harardhere - the town closest to where the hijacked Saudi oil tanker, Sirius Star is moored. He tells the BBC, via phone from his home, that the town's residents are more concerned about the apparent dumping of toxic waste than piracy.

The Harardhere-born military man advises the town's elders on security matters and is in his fifties.

Somalia has been wracked by conflict since 1991 - when its last national government was forced from power.

The super-tanker is close to our coast. It is a very, very long ship. Some time ago we had our own problems of piracy in our town but that has not happened lately.

The people who have been hijacking these ships in our seas are not from our region. We do not know any of the guys on the super-tanker and they haven't made any contact with us.

You know, our problem is not piracy. It is illegal dumping.

These problems have been going for sometime and the world knows about it. The Americans have been here in the region for a long time now - they know about the pollution.

Instead, no, the world is only talking about the pirates and the money involved. <http://news.bbc.co.uk/2/hi/africa/7740417.stm>


Online time 'is good for teens'

By Maggie Shiels
Technology reporter, BBC News, Silicon Valley


Hanging out online develops core social skills, the report said

Surfing the internet, playing games and hanging out on social networks are important for teen development, a large study of online use has revealed.

The report counters the stereotypical view held by many parents and teachers that such activity is a waste of time.

More than 800 teenagers and parents took part in the three-year US project.

"They are learning the technological skills and literacy needed for the contemporary world," said the report's author, Dr Mimi Ito.

"They are learning how to communicate online, craft a public identity, create a home page, post links. <http://news.bbc.co.uk/2/hi/technology/7740895.stm>


Hard graft: sugarcane for biofuel

By Richard Bilton
BBC News


It is four o'clock in the morning and Cicero Montiro de Silva is up and getting ready for the field.

He is a sugarcane cutter and it is harvest time. He leaves home as dawn breaks. Climbing on board a bus packed with other cutters, he heads out into a landscape covered in ripe sugarcane.


Cutting sugarcane with machetes is back-breaking work

Across Brazil at this time of year hundreds of thousands of cutters are making the same journey, sharing the long, hard days of the harvest.

"I'm used to it now," he says, "but it's exhausting. I wish I could do something else but this is what I have to do to eat."

The work of the harvest has not changed much since the Portuguese introduced sugarcane to Brazil 500 years ago - it involves machetes and hard labour.

The difference is that the cane hacked from these fields is part of an energy revolution. Brazil believes sugarcane can provide an alternative to petrol.

The sugarcane cut in these fields will be distilled into ethanol and then used to power cars and lorries across Brazil, or be shipped around the world.

With an industry that began in the 1970s, biofuel has made Brazil an agricultural superpower. The country was hit hard by the oil crisis and the then military government launched a subsidised drive to embrace the alternative energy source.

A man gets fed up with this day after day. But we need to be strong. We need to pay the bills.
Cicero Montiro de Silva

Now, Brazil is the world's second biggest producer and is also considered the most efficient. Biofuel - if based on sugarcane as opposed to corn - produces carbon dioxide emissions about 90% lower than petrol.

So it is hardly surprising that, for a while at least, biofuel looked like the energy of the future.

But Brazil has watched as, around the world, the biofuel dream began to get complicated.

Environmentalists - once ardent supporters of generating energy from plants - now describe with horror the consequences of increased production of biofuel crops.

They talk of forests and villages cleared so biofuel crops can grow, of food prices forced up when land is diverted to growing crops for biofuels, and of human rights abuses. Countries, like the UK, that have embraced biofuels and demand a small percentage in every litre of petrol sold, have started to think twice.


Labour conditions are worse on illegal sugarcane plantations like this one

But the Brazilian authorities argue that sugarcane covers only 5% of Brazil's arable land. Food prices, they insist, are not affected and the rainforests will be left alone. Slavery and child labour have been a problem but strong laws and big fines are stamping it out. <http://news.bbc.co.uk/2/hi/science/nature/7740397.stm>


Stars compete for Indonesian office

By Lucy Williamson
BBC News, Jakarta


The celebrities are given intensive political training
It is the kind of scene paparazzi here dream of.

A dozen or so of Indonesia's best known faces - actors, comics, musicians - all crammed into the tiny back office of a Jakarta PR company, killing time with gossip before their class begins.

These are the new secret weapons of Indonesian politics.

Would-be politicians who are swapping celebrity for public service and running for parliament next year, under the banner of the National Mandate Party, or Pan.

"A mutual love affair," Pan calls it. And if that is the case, then these classes are the pre-marital counselling.

The party's new celebrity candidates may be lovable, but - as democracies the world over have discovered - putting people with no experience on the campaign trail comes with its own risks. <http://news.bbc.co.uk/2/hi/asia-pacific/7739820.stm>


IBM to build brain-like computers

By Jason Palmer
Science and technology reporter, BBC News


Mimicking synapses like this one is crucial to the effort

IBM has announced it will lead a US government-funded collaboration to make electronic circuits that mimic brains.

Part of a field called "cognitive computing", the research will bring together neurobiologists, computer and materials scientists and psychologists.

As a first step in its research the project has been granted $4.9m (£3.27m) from US defence agency Darpa. <http://news.bbc.co.uk/2/hi/science/nature/7740484.stm>


Somali Islamists 'hunt pirates'


There are fears if the ransom is paid other super-tankers will be targeted
Somali Islamist insurgents have begun searching for the pirates who hijacked a giant Saudi-owned oil tanker last Saturday, reports say.

A spokesman for the al-Shabab group, Abdelghafar Musa, said hijacking a Muslim-owned ship was a major crime and they would pursue those responsible.

The pirates are thought to be trying to obtain a multi-million dollar ransom.

The ship, the Sirius Star, is believed to be be anchored off the Somali port of Haradheere.

It has an international crew of 25 people and is carrying $100m (£67m) worth of crude oil. <http://news.bbc.co.uk/2/hi/africa/7743204.stm>


US shares up on 'Treasury choice'


Timothy Geithner has been a key player in tackling the credit crisis
US shares have risen sharply, following a report that US President-elect Barack Obama has chosen his treasury secretary, reassuring investors.

The Dow Jones Industrial Average added 494 points or 6.5% to end at 8,046.66. The Standard & Poor's 500 climbed 6.3%.

The NBC television network reported the president of the Federal Reserve Bank of New York, Timothy Geithner, would be nominated as treasury secretary.

Mr Obama is expected to announce his economic team on Monday.

The NBC report was welcomed by investors in what has been yet another volatile week of trading amid ongoing fears over the scale of the economic contraction.

"It is a bit of good news in that it takes the uncertainty out," said Joe Saluzzi, co-manager of trading at Themis Trading.

Mr Geithner has worked closely with outgoing Treasury Secretary Henry Paulson in addressing the credit crisis and finding ways to boost the economy.

The 47-year-old played a crucial role in talks with Lehman Brothers before the investment bank went bankrupt.

He was also instrumental in the deals involving insurer AIG and JP Morgan, another bank. <http://news.bbc.co.uk/2/hi/business/7743226.stm>


The pitfalls of Africa's aid addiction

Sorious Samura catches shop-keepers selling aid

By Sorious Samura
BBC Panorama reporter


Where I come from in West Africa, we have a saying: "A fool at 40 is a fool forever", and most African countries have now been independent for over 40 years.

Most are blessed with all the elements to help compete on a global stage - abundant natural resources, a young population and the climate and conditions to be a major agricultural force.

And yet today, my continent, which is home to 10% of the world's population, represents just 1% of global trade. I have no doubt we have to take responsibility for our failures. We can't afford to keep playing the blame game.

But when 50 years of foreign aid has failed to lift Africa out of poverty, could corruption be the reason?

Could that really be all there is to it?


Mobile internet usage on the rise


BBC News is more popular than Google on mobile platforms
Mobile internet use is growing while the number of people going online via a PC is slowing, analyst firm Nielsen Online has found.

Some 7.3m people accessed the net via their mobile phones, during the second and third quarters of 2008.

This is an increase of 25% compared to a growth of just 3% for the PC-based net audience - now more than 35m.

It also found that the mobile net audience was younger and searched for different things. <http://news.bbc.co.uk/2/hi/technology/7748372.stm>


EU eyes uncharacteristic spending spree

By Ben Shore
BBC Europe Business Reporter, Brussels


The EU wants to focus on a coordinated spending spree
Just after noon on Wednesday, Brussels time, the European Commission President Jose Manuel Barroso will call on the 27 member states of the EU to spend, spend, spend.

It is a rather odd situation for the Commission which, as the civil service of the European Union is more often heard handing out sober advice on keeping budgets in check.

But we are living through strange times and the so called "European Recovery Action Plan" is testament to just how strange they are.

The recovery plan is intended to be a coordinated stimulus package, meaning that all the 27 member states of the EU will act at the same time to invest and spend more or - as in the case of the UK - put more money into the hands of citizens through tax cuts.

But the details remain unclear. We are still not exactly sure how much money will be at stake.


Officials believe that by acting as one block, within a small window of time, the combined budgetary expansion of the EU will have more impact than if countries acted in a piecemeal fashion


A figure of 1% of the total economy of the EU has been mooted, which amounts to around 130bn euros (£110bn). <http://news.bbc.co.uk/2/hi/business/7749275.stm>


The taxis keeping Zimbabwe alive

By Andrew Walker
BBC News, Johannesburg


Zimbabweans entrust lifesaving supplies to drivers live Warren

In a quiet street behind Johannesburg's Park bus station, Warren waits for customers for his minibus to Zimbabwe.

Buses arrive every day dropping migrant workers in the city, but not many have time to go back home because they are so busy working.

But Warren doesn't take people, he takes cargo and money to migrant workers' families.

They trust him to take sacks of maize meal, rice, oil and hard currency back home where people desperately need them.

Warren is one of around 20 bus drivers, standing around chatting and chomping on watermelon, waiting to fill their buses.

"We take things for about 20 or 30 people at a time, depending on what they want to send," he says.

Expensive

A small box can cost 200 rand ($20, £13) to send to Harare, bigger sacks cost much more.

It wasn't easy to trust them the first time
David,
Migrant worker in Johannesburg
They also take envelopes of hard currency to people waiting in Zimbabwe, for a price.

They charge a 20% commission on 1,000 rand.

But Zimbabweans don't have much choice as electronic money transfers don't reach rural areas.

And their own currency is now totally worthless, teachers can't even buy a loaf of bread with their monthly pay.

A ragged cardboard sign shows his destinations, but he'll take a delivery right to the customer's door and then phone them when he's back to say "job done". <http://news.bbc.co.uk/2/hi/africa/7752492.stm>


Drug firms 'block cheap medicine'


Generic drug companies complain it is difficult to get drugs on the market
Drug companies are blocking or delaying the entry of cheaper generic medicines into the EU, pushing up medicine bills, the European Commission has said.

Their actions cost EU healthcare providers 3bn euros ($3.9bn; £2.5bn) in savings between 2000 and 2007, it said.

It added that drug firms used legal action and multiple patents to stop rivals getting to market.

Drug firms said the "perfectly lawful" measures were justified to protect investment in research and development.

Market access

Generic drug companies - which sell cheaper versions of drugs once the patent has expired - have long complained that it is difficult to get their drugs to market in Europe.


Big Pharma invests heavily in the development of new drugs

The Commission said that innovators filed multiple applications to stop generic drugs getting to market - in one case, there were 1,300 patents for a single drug.

The report found that owners of original drugs often intervened in national approval procedures for generic medicines.

There were nearly 700 cases of reported patent litigation and more than 200 settlements between brand name drug companies and generic companies.

More than 10% of these settlements limited the entry of the generic drug to the market. <http://news.bbc.co.uk/2/hi/business/7754048.stm>


Home work being closely watched

By Ian Hardy
Reporter, BBC Click


Debby Baksh likes to have her hard work monitored

With the global economy slowing down and office space being sold off, workers are facing more pressure to hold on to their jobs.

The latest tracking technology means that even those working from home are equally under the spotlight as their activities are monitored remotely.

Debby Baksh is one of thousands of customer sales agents hired and trained online by US firm Arise to answer calls at home.

In her Brooklyn living room, she supplies phone services to some of the biggest companies in America and around the world.

Close look

She is allowed to answer six calls an hour and must try to make these last six minutes or more.

"So they want to make sure you're doing your job and selling a lot," said Ms Baksh. "Once your calls are over six minutes they know that you're being very productive, that you're selling the items for them."

Her conversations with customers are recorded and analysed by her bosses, and her performance is monitored constantly by software on her computer.

If she steps away for any reason without logging off, the machine will know about it - but Ms Baksh likes it because it shows she is hard at work.

Her 100% track record ensure she has first choice of working hours, while also receiving a steady stream of high-quality customers likely to buy.

Arise spokesman John Riordan said calls were routed to staff based on their skills and earlier performance.

"We also have the ability to match customer demographics with agent demographics, because after all, we all like to buy products and be serviced by people like ourselves," he said.

But telephone tracking technology has its critics. They point out that remote workers should be aware that getting sacked is only one click away, as most systems are set up to ensure they never have legal status as an employee. <http://news.bbc.co.uk/2/hi/programmes/click_online/7755043.stm>



Seeking a passport to a new life

By Jennifer Pak
BBC News, Beijing

Gong Li at a citizenship ceremony in Singapore (08/11/08)
Many Chinese people were outraged by Gong Li's decision


One of China's most famous actresses has been accused of being unpatriotic after becoming a Singaporean citizen.


Some say Gong Li, star of the film Memoirs of a Geisha, has turned her back on her Chinese fans.

But the actress is not the only Chinese citizen to seek another country's passport.

They do it for convenience, to improve job prospects and as a safety net.

Despite China's increasing economic and political power, a Chinese passport is still seen as restrictive by many of its citizens.

Gong Li, whose husband is from Singapore, is just one of many film stars who have given up their Chinese passport.

According to news reports, Hong Kong film star Jet Li holds US citizenship.

And Zhang Ziyi, the star of kung fu movie Crouching Tiger Hidden Dragon, holds a Hong Kong residency card.

Gong Li's passport switch led to a commentary in the Beijing Youth Daily newspaper.

"We should think about why our laws, our system and cultural society have churned out so many of these so-called 'super citizens', people who live in China but their hearts are set on being a citizen in another country," it said. <http://news.bbc.co.uk/2/hi/asia-pacific/7754179.stm>


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Global Economics-11
Globalisation Index
News Index
Index Nation States
Index Cultural Systems
Some personal Reflections on the  News
Theory Forming and Articulation
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