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Christopher Garroway
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136 followers
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Salman Rushdie didn't show up to the Jaipur Literary Festival (supposedly to avoid assassins, but I think it might be to avoid Oprah, who did show up). Here's an excellent op-ed piece by another writer, Hari Kunzuru, who recited passages from Satanic Verses in protest (it is still banned here in India!!)
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Well done article on Apple, Foxconn, middle class jobs and globalization. There's a lot of truth here and few easy answers.
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Thoughtful op-ed from Kemal Derviş arguing: "Global imbalances and rising domestic inequality need to be analyzed and debated together." Awesome (but empirically challenging) idea!
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With all this talk of " TVA sociale" in France, I am reminded of an old column by a former professor of mine. From where I sit, his view still holds: "Cette piteuse posture protectionniste montre que sur ce sujet comme sur le paquet fiscal, les réponses apportées par Sarkozy-Fillon ne sont tout simplement pas à la hauteur des défis économiques posés à la France par la mondialisation." http://piketty.pse.ens.fr/fichiers/presse/LIBERATION_070827_BIS.html
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Divisive debate over India's Food Security Bill: Does the middle class subsidise the poor, or is it actually the poor who subsidise the middle classes, by supplying services and goods at dirt cheap wages?
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Our new working paper tries to push the limits of Harrod-Domar growth models and the tax effort literature. Revisiting techniques used in a number of earlier studies, we estimate the magnitude of the unmet cost of achieving the MDGs and the potential domestic resources available to meet them. Is a "big push" financed by improved tax collection, south-south co-operation, private flows/remittances as ineffective as traditional ODA?
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To hear the sound of sleigh bells a-ringing and printing presses a-printing...

"The aim now is to create conditions in which the bank, acting within its current monetary policy mandate – and less constrained by overt political pressure – can take additional moves to counter the relentless market pressure on sovereign bonds."

I have to say while I am all for the ECB taking action as soon as it can, I'm not so convinced that this "intergovernmental" agreement is the best way to accomplish that goal.
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First Greece, than Italy, now Belgium? One by one Europe's governments are turning into technocracies...Given the failure of the Congressional super committee to reach agreement on the budget in the US, could it someday happen in Washington too?

http://blogs.ft.com/brusselsblog/2011/11/wither-belgium/#axzz1eR7Hlwwz
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Apparently some of us Anglo-Saxons are smugger than the rest: "About half of Americans (49%) and Germans (47%) agree with the statement, 'Our people are not perfect, but our culture is superior to others;' 44% in Spain share this view. In Britain and France, only about a third or fewer (32% and 27%, respectively) think their culture is better than others."
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