| Vodafone may bring own men for top jobs
Following the recent Union Cabinet revision of Press Note 5, Vodafone as majority shareholder will have the option to appoint its own people to the key positions of chairman, MD, CEO and CFO in Vodafone Essar (now Hutch Essar). Press Note 5 lays down the FDI norms for telecom services companies with 74% foreign ownership. Before its revision, the top slots of chairman, MD, CEO and CFO in 74% foreign-controlled telecom service companies had to be held by resident Indian citizens. Significantly, Vodafone and Essar recently came to a broad agreement, wherein Ravi Ruia was nominated chairman of Vodafone Essar, Arun Sarin, its vice-chairman and Asim Ghosh, managing director. But since the agreement was worked out before the revision of Press Note 5, it could be subject to some revision after Vodafone's acquisition of Hutch Essar is cleared by the Foreign Investment Promotion Board (FIPB).
Naomi Klein Speaks at NYC Ethical Culture Society: full transcript
Naomi Klein recently appeared in New York for the launch of Jeremy Scahill's book on Blackwater and delivered a short speech at the the Ethical Culture Society. The transcript below is courtesy of Democracy Now!. Keywords: Analysis, Local, War & Peace, Economy, Security, Poverty, Repression, .
Frame or be framed?
The blogosphere crashes into the peer-reviewed academic sphere this week with an essay that tells scientists they must “frame" their findings on controversial issues such as climate change and stem cells, or risk being run over by political spin machines. It's a view you often find on science blogs - and indeed, the co-authors of this week's piece are two well-known science bloggers. But this essay appears in Science, America's most prestigious peer-reviewed scientific journal. The authors of the piece, "Framing Science," are Matthew Nisbet (a professor at the American University who has a blog also titled Framing Science) and Chris Mooney (author of "The Republican War on Science" and The Intersection's blogmaster). For now, the Policy Forum essay is available only to Science's subscribers, but I would argue this is one article that should be put out in the open online: After all, it's designed to spark a wider discussion about how scientists engage themselves with the public, and makes great fodder for a host of Weblogs to chew on.
Noon Rotary hears stem cell presentation
Wisconsin scientists have already succeeded in coaxing human embryonic stem cells to become heart, blood, pancreatic and central nervous system cells.
This research has attracted millions of dollars in federal grant money and has resulted in the launch of several high-tech companies in the state.
The unique potential of human embryonic stem cells to improve public health and support development of a new industry in Wisconsin were addressed Monday in a Wisconsin Edge presentation by Andy Cohn of the Wisconsin Alumni Research Foundation.
Wisconsin Edge is an informal confederation of businesses, economic development organizations, patient advocacy and health care groups committed to Wisconsins economic development efforts and advancing the states leadership in stem cell research.
FXCM: Currencies Quiet Awaiting NFP Data
Majors hugged very tight ranges in Asian and European sessions as trading was particularly quiet ahead of the US Non-Farm payroll numbers. In addition, capital markets in Europe and US are closed today for the Good Friday holiday. Therefore, given the lack of liquidity, currency trading may be even more volatile than the typical NFP Friday. In Japan today, the Leading Indicator index slipped further down to 30 from 40.9 the month prior. The index has spend the last eight months below the 50 boom/bust level but during that time has been woefully inaccurate in predicting an actual economic slowdown as Japan’s GDP expanded at a healthy 3.8% - far stronger than most analysts predicted. Nevertheless, the LEI news should not be dismissed out of hand, especially if consumer sentiment begins to waver once again.
German Spending on Information and Communications Technology is ...
DUBLIN, Ireland--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/reports/c53500) has announced the addition of the Frost & Sullivan report: Social Infrastructure & Labor Analysis for the German Information and Communication Technologies Industry to their offering. The global information and communications technology (ICT) industry has provided the supporting infrastructure for economic growth across the world in the last decade. Despite the setbacks following the failure of dot com enterprises, the ICT industry continues to show enormous growth potential. ICT is a vital component of the infrastructural support needed for the development of any economy. Global trends in telecommunications indicate a shift toward open access, creation of a healthy competitive environment, and a consequent drop in prices.
Chile's Peso Rises to Two-Week High as Economic Growth Quickens
April 5 (Bloomberg) -- Chile's peso rose to a two-week high after a central bank report showed the economy grew at its fastest pace in nine months in February. ``Capital inflows are going into the economy because of expectations for economic growth,'' said Alfredo Coutino, senior Latin America economist at Moody's Economy.com in West Chester, Pennsylvania. The peso strengthened 0.2 percent to 536.53 per dollar, reaching its strongest since March 22. The currency has gained 1.6 percent since the start of February, bolstered in part by surging prices for copper, Chile's top export. Coutino forecasts the peso may reach 525 per dollar by the end of 2007, its strongest level since December. The central bank's economic activity indicator rose 5.7 percent in February, more than the 5.3 percent increase in January, the central bank said on its Web site.
Growth Concerns Aggravate
(RTTNews) - Manufacturing slows and consumer spending slows, but prices shoot above expectations-a scenario many economists would wish to shun. But the saving grace is the labor market, which has been supportive of a fairly stable pace of growth. Average hourly earnings are rising faster than the inflation rate. Talks of a recession and stagflation have been doing the rounds for quiet some time. This leaves the Fed in a quandary. Despite uncertainties over repayment capacity of the borrowers in the wake of the recent increase in delinquencies among subprime lenders, credit availability is still easy, as lenders are encouraged by wage growth. Among the economic reports released last week, retail sales were up merely 0.1% in February. The downside is primarily due to chilly winter weather keeping shoppers indoors and weak demand for household durables and furnishings, which is a corollary of the housing market recession.
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