Rajat Gupta, former chief of McKinsey & Co., was sentenced to two years in jail for insider trading and a fine of $5 million. Whether that will send a deterrent message to corporate boardrooms, which prosecutors claim, is unclear.
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Domestic issues like jobs and the housing market were front-and-centre during the third round of the U.S. presidential debates. Though the positions taken bears limited resemblance to what will happen in the real, post-election world, the outcome of the elections is bound to affect the world in big and small ways.
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During the final weeks leading up to the U.S. Presidential elections, moderate views don't seems to count. Though foreign policy was included in the debate, it was confined mostly to China and the Middle East. Both candidates are looking to be one step ahead to win the last of the undecided voters.
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The ability of the slowly recovering U.S. economy to get people employed is more important to American voters than anything else. However, surprisingly, terrorism and the direction of American foreign policy have become a much larger factor in the U.S. Presidential debates.
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A short analysis by Gateway House on the second U.S. Presidential debate and the closing window of undecided voters in the country.
Ambassador Viswanathan, an expert on Latin America, blogs about the Venezuelan elections, which saw a high turnout, free and fair elections, and Hugo Chavez re-elected as President. It is evident though, that Chavez’s model has reached its peak and is steadily and irreversibly losing appeal in the region.
Courtesy: VOA/WikimediaCommons
In a recent speech, U.S. Presidential candidate Mitt Romney criticised incumbent President Barack Obama's foreign policies, and called for U.S. supremacy. However, it seems apparent that Romney wouldn’t usher in a foreign policy revolution if elected.
Courtesy: Foreign Affairs
Jeffrey D. Sachs argues that the mono-causal analysis of the book, 'Why Nations Fail,’ – that economic development hinges on a country’s political institutions – ignores important factors (such as geography) that can also affect growth.
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The biggest change in the first U.S. presidential debate for 2012 was the way both Barack Obama and Mitt Romney moderated differences about government and the private sector. Foreign policy came up only briefly, but it will be a theme during the next round of debates later this month.
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All the major economic forces in the world have come together in Africa in a new version of the Great Game. The competition for the continent’s resources will ultimately harm Africa unless Africa uses this opportunity to its advantage and to address its own serious problems.