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| When Will The Chinese Economic Agenda Be Noticed In Washington? (Part II) | | By Jack Lifton, 15 Nov 2008, 02:00 AM | | I was going to call this article either "The economic life of squirrels and the European Union Commission on Enterprise and Industry,” or "Why is the European Union's Commissioner for Enterprise and Industry so much smarter than his non-existent counterpart in Washington?” My quandary was due to the fact that while the American establishment sleeps and dreams of globalism, not globalization,, the fledging European Union has made a very good step forward towards assuming one of the most important functions of a truly federal government; it has made the economic security of all of the European nations a first priority. It has just now officially recognized and moved to craft a solution to a problem of long term economic security for itself in a way that should bring shame to the hereditary and growingly nepotistic U.S. Congress, which clearly operates with only one long term security goal in mind: re-election in perpetuity for its members—without regard to the wants, the needs, or the opinions of the American people as a whole. |
| Got Gold Report - Gold, Silver Premiums Highest in Years | | By Gene Arensberg, 16 Nov 2008, 12:00 AM | | A lack of physical bullion supply at the same time of extremely strong demand for popular small bullion items coupled with artificially low futures dominated spot prices for gold and silver resulted in extraordinarily high premiums for virtually all bullion products in October. The very high premiums continue and availability remains tight. |
| Simmers To Sue State For R175 Million In Interest | | By Charlotte Mathews, 14 Nov 2008, 09:27 AM | | Gold miner Simmer & Jack said yesterday it planned to sue the minerals and energy department to recover R175m in interest it was owed on a rehabilitation trust fund. |
| No Sale. Looks Like We Picked The Wrong Week To Stop Shopping | | By Jon Nadler, Senior Analyst, Kitco Bullion Dealiers, 14 Nov 2008, 09:13 AM | | It did not take long after the German economy was declared to be in a recession, for the rest of the E.U. to have the same label applied to it as well. Like that came as a surprise to anyone. The Washington summit of those who represent 90% of the world's economy will now start to look more like a fretful session the rescue capitalism's wreckage than a caviar on blini-laden jamboree. The UN Secretary General has warned the participants that although some 170 countries are not going to be represented at the meeting, the fate of hundreds of millions lies in the hands of the world's economic elite, and that if they fail to right this severely listing ship, the outcome will not be very pleasant on the social front. |
| South Africa's Gold Production Plummets 17.7% | | By Charlotte Mathews, 14 Nov 2008, 09:18 AM | | The nation's gold production dropped 17.7% in September compared with September last year, underlining the country's retreat from once being the world's largest gold producer. |
| Greenpeace SA Office To Apply Local Pressure | | By Chantelle Benjamin, 14 Nov 2008, 09:36 AM | | Environmental lobby group Greenpeace plans to put pressure on the South African government and on business to reduce the country's high carbon emissions and coal dependence, which has made this country the 14th-highest carbon-dioxide emitter in the world. |
| Financial Crisis May 'Postpone' Energy Projects | | By Siseko Njobeni, 14 Nov 2008, 09:40 AM | | The ripple effect of the global financial crisis could force a review of several key projects in the country, including the electricity generation programme, according to a senior minerals and energy department official. |
| Fire Forces Engen To Look To Imports | | By Siseko Njobeni, 14 Nov 2008, 09:24 AM | | Petroleum group Engen would start importing refined oil and products for medium to long-term needs after a fire gutted the main crude unit of its 135,000-barrel -a-day refinery in Durban, the company said yesterday. |
| India And Bretton Woods II | | By Arvind Subramanian, 14 Nov 2008, 12:28 PM | | The financial crisis affords India an opportunity to punch above its current economic weight. This article urges India to support globally coordinated actions to help limit the economic downturn. Most importantly, India should call for a strong political commitment by all countries to keep markets open and refrain from taking protectionist action. |
| Reform Institutions; Do Not Write New Rules | | By Alberto Alesina and Francesco Giavazzi, 15 Nov 2008, 01:00 AM | | What should a "new Bretton Woods” involve? This article argues that the major task at hand is reorganising international economic institutions rather than tackling regulatory details. The G7, International Monetary Fund, and Financial Stability Forum are falling behind because they are not structured for the roles we need them to play. |
| South African Objectives At The G20 Leaders Summit | | By Peter Draper, 16 Nov 2008, 01:00 AM | | This article suggests that South Africa should focus on four broad issues at the coming G20 Summit: supporting global growth, supporting regulatory reform and reconfiguring the IMF, supporting reform of Asian currency management practices, and underlining support for the Doha Round of WTO negotiations. |
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