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PRESS DIGEST - New York Times business news - Oct 7 - Forbes

PRESS DIGEST - New York Times business news - Oct 7 - Forbes
- Oct 7 (Reuters) - The following were the top stories in the New York Times business pages on Tuesday. Reuters has not verified these stories and does not vouch for their accuracy. * As pressure built in the credit markets and stocks spiraled lower …

English Russia » Business
Interesting news from Russia in English language. … Russian biggest bank “Sberbank” has implemented mobile “Sberbi’s” to attract new customers, but some people say that …

No grounds for war with US - Russia - News.com.au
RUSSIAN President Dmitry Medvedev said he sees no ideological grounds for war with the US despite strained relations. The Associated Press reports relations between the two countries are at a post-Cold War low, and were further damaged by Russia’s …

Business & Law news :: Russia-InfoCentre
Business & law section provides information covering events, which occur in the economy, business and legislation system of Russia. It fully describes amendments to laws introduced …

Racist Violence Up in Ukraine, Russia - Southern Poverty Law Center
Hate crimes in Ukraine have risen dramatically in the past 18 months, according to human rights groups and an Associated Press report. Sixty racist attacks — six of them fatal — occurred in the former Soviet republic in 2007, according to Amnesty …

US economic dominance over - Russia - News.com.au
THE era of US global economic dominance is over and the world now needs a new and “more just” financial system, Russian President Dmitry Medvedev said today. “The time of domination by one economy and one currency has been consigned to the past once …

Iranian letter rejects pressure on nuclear issue - International Herald Tribune
Iran delivered a letter to EU foreign policy chief Javier Solana on Monday which stressed, according to Iranian media, that foreign pressure on Tehran would not resolve the dispute over its nuclear programme. The letter was handed to Solana, who has …

Russia’s War: A History of the Soviet Effort: 1941-1945
Russia's War: A History of the Soviet Effort: 1941-1945 Overy gained exclusive access to previously unavailable information from the former KGB, GRU, and presidential archives to assemble this definitive book that fully covers the Russian efforts to defeat the Axis powers in World War II. 70 photos. 9 maps.

Author: Richard Overy
Paperback: 432 pages
Company: Penguin (Non-Classics) (1998-08-01)
ISBN: 0140271694
List Price: $16.00
Amazon Price: $9.29
Used Price: $5.98

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BOOK REVIEW : Political whores go biblical
Diary of a Jetsetting Call Girl by Tracy Quan This saucy diary rises like a French bedroom souffle, baked at a high heat, Provence style. But it is often more perspicacious than sexy, using a galaxy of well-drawn characters to passionately tease out the real human emotions and politics of sex work. It also juxtaposes these realities with biblical introspection on Mary Magdalene, the patron saint of all call girls, even ones with $2,500 handbags and Manhattan banker husbands. - Muhammad Cohen (No..

COMMENT : Empty promises in Afghanistan
The exodus of Afghan refugees began 30 years ago when Soviet tanks rolled over their villages. More Afghans fled the proxy conflicts that consumed their homeland throughout the 1990s. Since the fall of the Taliban, more than 5 million Afghans have returned, only to find shortages of land, shelter, jobs and food. As Afghan diplomat and former refugee M Ashraf Haidari explains, many are at the breaking point. (Nov 21,'08)

DISPATCHES FROM AMERICA : Stuff happens in Iraq
The United States military has the ultimate argument against a reasonable withdrawal from Iraq. Its strength lies in that it has nothing to do with the vicissitudes of Iraqi politics, the relative power of Shi'ites or Sunnis, the influence of Iran, or even the riptides of war. It is the simple fact that logistically there is so much "stuff" in Iraq that withdrawal would take at least three years. - Tom Engelhardt (Nov 21,'08)

ASIA HAND : Judicial coup murmurs in Thailand
If Thailand's Constitution Court rules next week to disband the ruling party, a perceived loophole in the constitution could then be exploited to deepen the "judicialization" of Thai politics. This could allow conservative forces to gain power without resorting to an unpopular military putsch. - Shawn Crispin (Nov 21,'08)

China's party hardliners want the last word
In another sign of political tensions in the Chinese Communist Party, the Ministry of Culture has told the publisher of a prominent political magazine to quit after it praised Zhao Ziyang, a former party chief purged in 1989 for refusing to condone the Tiananmen Square incident. The ministry politely told Du Daozheng, 85, to go as he is "quite elderly, and quite tired", but he has vowed to never water down his editorial line. - Verna Yu (Nov 21,'08)

IT WORLD : Morro's another day for Microsoft
Microsoft is to introduce free security software for personal computers and discontinue its subscription-based anti-bug service. The switch to Morro is due next year - which is a little too late for the surge in virus attacks and spyware intrusions expected in the US in the next few days in the run-up to Thanksgiving. (Nov 21,'08) Martin J Young surveys the week's developments in computing, gaming and gizmos.

India turns up energy diplomacy
Visits by senior Indian politicians to Moscow and Tehran underscore New Delhi's determination to improve access to fuel resources. In both cases, the discussions indicate more energy will have to be spent before sought-after deals are secured. - Siddharth Srivastava

THE MOGAMBO GURU : Corporate earnings go cliff-diving
Almost everything in the US economy is falling off a cliff, from retail sales to electric power to factory shipments, or going up in smoke, from jobs to companies. And now earnings of surviving corporations are down to almost half of what they were a year ago. Which all proves the insanity of investing in stocks for the long term!!

Faith in India's army shaken by blasts
Following investigations into recent bomb blasts in India, the hand of Hindu right-wing organizations in terrorist attacks has been laid bare. The probes also reveal the involvement of a handful of serving and retired army officers, indicating that the staunchly secular and apolitical military may be infected by the communal virus. - Sudha Ramachandran (Nov 21,'08)

The black hole in financial markets
Americans are beginning to understand how much of their economy depended on the housing bubble. The collapse of housing prices has led to a collapse of consumer spending, which leads to a rise in unemployment, which in turn erodes the value of commercial property - and so the destruction of wealth spreads. Barack Obama will take office as the most powerful peacetime president in US history - he will be the only man in town with a checkbook. - David P Goldman (Nov 21,'08)

Great game of hunting pirates
Under the rubric of the fight against sea piracy, an entirely different template of maritime activity is taking place by interventionist powers. The United States, the North Atlantic Treaty Organization and the European Union have stepped out of the European theater and entered the Indian Ocean, as has India. Russia is seeking a reopening of its Soviet-era naval base in Aden. There is a strong suspicion a great game is unfolding. - M K Bhadrakumar (Nov 21,'08)

Chinese journalist sentenced to 3 years (AP)
AP - A Chinese writer and journalist who was arrested after protesting against a power plant in southwest China was sentenced Friday to three years in prison on charges of subverting state power, his lawyer said.

HK stocks rise on talk of China rate cut (AP)
AP - Hong Kong stocks advanced Friday, breaking a four-day losing streak, on bargain-hunting and speculation that China will cut interest rates over the weekend.

Monk, comedian handed lengthy Myanmar prison terms (AP)..
AP - Courts in military-ruled Myanmar have handed long prison sentences to a prominent monk and a popular comedian active in the country's pro-democracy movement.

Gandhi says wants India poor protected from greedy rich ..
Reuters - Setting out her priorities as elections approach, the head of the ruling Congress party said on Friday the poor must be protected from the fallout of a global financial crisis and the "greed of the rich".

Indian stock index jumps on stimulus hopes (AP)
AP - India's benchmark stock index jumped 5.5 percent Friday, bolstered by a regional rally and expectations the government will soon take more steps to stimulate the economy.

Madonna and Ritchie granted "quickie" divorce (Reuters)..
Reuters - U.S. pop star Madonna and husband Guy Ritchie ended nearly eight years of marriage in just a few minutes on Friday when a British court granted them a "quickie" divorce.

US details role for additional Afghan forces (AP)
AP - With the United States reevaluating strategy in Afghanistan, Defense Secretary Robert Gates is telling allies that additional U.S. forces planned for the war must be shared across the region taking the brunt of the fighting.

Hong Kong's Hak, 14, makes cut and history (AFP)
AFP - Hong Kong teenager Jason Hak, 14, produced a birdie-birdie finish to become the youngest player to make a European tour cut on Friday, smashing Sergio Garcia's record set in 1995.

ASIA MARKETS: Stocks In Asia Erase Early Losses To End Highe..
Most Asian markets sprang from sharp intraday losses to end higher Friday, with trader speculation that China may cut interest rates further and that the U.S. may announce stops auto industry over the weekend contributing to the bounce. Financials ...

Asia, Europe stocks rebound after Wall Street rout - North C..
An employee uses her mobile phone in front of an electronic stock board at the Korea Stock Exchange Market in Seoul, South Korea, Friday, Nov. 21, 2008. The Korea Composite Stock Price Index jumped 55.04 points, or 5.8 percent, to close 1,003.73. (AP ...

CVC, other private equity firms taking hits in Asia - Reuter..
HONG KONG (Reuters) - It's been a tough stretch for the Asian portfolio of CVC Capital Partners, a large private equity firm that is taking hits from all parts of the region. The firm recently failed to dispose of Amtek Engineering, the Singapore ...

Monty, Wilson hot at Hong Kong Open golf (AFP)
AFP - Scotland's Colin Montgomerie shrugged off one of the worst slumps of his career at the UBS Hong Kong Open on Friday, while 'nearly man' Oliver Wilson raised hopes of a breakthrough win.

Russian MPs vote for longer presidency (Reuters)
Reuters - Russia's lower house of parliament approved on Friday a constitutional amendment extending the presidential term of office to six years from four.

India revises Kashmir death toll to 47,000 (Reuters)
Reuters - Indian authorities revised up on Friday the death toll from nearly two decades of insurgency in Kashmir to more than 47,000 people.

Japan suspects stabbings linked to pension scandal (AP)..
AP - Police said Friday they were investigating whether stabbings that targeted two former Health Ministry officials and their wives was connected to the ministry's mishandling of millions of pension records.

Indian shares provisionally close up 6.2 pct (Reuters)
Reuters - Indian shares provisionally rose 6.19 percent on Friday after fund buying in the last hour-and-a-half helped the market snap a 7-day losing streak.

Most Asian markets rebound after Wall Street rout; Korea's K..
Most Asian markets have rebounded after days of sharp declines in stocks around the world as investors scooped up battered financial and technology shares. Major regional benchmarks opened lower Friday after Wall Street touched multiyear lows ...

Dow falls 445 to 5-year low - Sun-Journal
NEW YORK (AP) - Stocks plunged for a second straight day Thursday, falling to levels not seen in at least five years as financial and energy stocks tumbled while demand for the safety of government debt spiked. Stocks saw the most intense selling ...

India may deploy more warships to fight pirates - reports ..
Reuters - The Indian navy may beef up its security presence significantly in the Gulf of Aden to counter the threat of rampant piracy to shipping companies, local newspapers reported on Friday.