Illegal immigrants will soon be able to apply for financial aid and merit based scholarships to help pay their way through California’s public colleges and universities.
This move comes after California’s Democratic Gov. Jerry Brown signed the groundbreaking and controversial Dream Act, putting education within reach even for the Golden State’s illegal immigrants.
7 October 2011.
The economic crisis in the eurozone is, without doubt, mammoth. On a more optimistic note, central bankers and governing authorities seem to have reached a consensus on how to tackle the economic problems: by giving banks and countries money, defaults can be avoided. But this does not address the fundamental dilemma of Europe, nor does it show a concerted understanding of Europe’s underlying political complexities.
In his first direct address to investors after announcing his decision to run again for Presidency next year, Russian Prime Minister Vladimir Putin called on his nation’s trading partners to decide quickly on whether to admit Russia to the World Trade Organisation (WTO) after 18 years in which its membership application has been pending.
The possibility of a double dip recession for the US is extremely slim, said General Electric Co’s Chief Executive Officer Jeff Immelt, ExxonMobil Corp’s Rex Tillerson, and FedEx Corp’s Fred Smith on Thursday.
The three business leaders said that while the US economy was likely remain sluggish, in the face of a political gridlock in both the US and Europe, the country was unlikely to face an outright double-dip turn that could lead into a second recession.
6 October 2011.
In the course of the past few days, three leading figures attempted to redirect the attention of the markets by giving positive speeches about economic plans for their country/region. Yet all three failed miserably as the markets responded worse than ever. The big lesson from the three speeches is clear. The markets are no longer in the mood to tolerate political pap. They want substance, or else!
5 October 2011. Too much has been said about the state of the Chinese economy. While it has largely powered through the thick of the global financial crisis – China’s economic strength in fact buoyed much of the world’s economy during the meltdown – many doubts have also been raised about the outlook for the world’s second largest economy.
Canada is the world’s best place to do business, knocking off the favorites of Singapore and Norway, according to Forbes magazine in its annual ranking of global economies.
On Tuesday, Forbes ranked Canada as the best country for business, moving up from fourth spot – and knocking off Denmark, helped by a lower overall tax burden.
As casino banking goes, banking heavyweight UBS has announced that it expects a ‘modest profit’ when it reports third quarter results later this month, despite a rogue trading scandal that wiped out $3 billion.
One week after announcing that he will return to presidency next year, Vladimir Putin has called for a “Eurasian Union” of former Soviet republics along the lines of the European Union.
Putin, however, denied proposing to recreate the Soviet Union, saying the new bloc would have different values.
Related: Gorbachev: Putin Has ‘Castrated’ Democracy in Russia
4 October 2011.
Europe’s increasingly vocal and powerful Far Right parties have swapped a racist agenda for an Islamophobic one, moving them closer to the mainstream, where anti-Muslim views are commonplace among conservative commentators and politicians.
Islamophobia is “more widespread in Western Europe than any social prejudice since the anti-Semitism of the 1930s”, says a leading expert on the Far Right in Europe.
