Ciudad Juarez, 16 September The executioners burst through the gates of the Anexo de Vida (Annexe of Life) drug rehabilitation centre at almost the exact moment that Mexico's president, Felipe Calderón, and mayors across the country, including the one in Juárez, rang bells to proclaim the 199th anniversary of independence from Spain. Next morning the courtyard was still full of the bittersweet stench of fresh blood congealing in pools. The killers threw a grenade into the first room on their right, occupied by a 16-year-old guard. They had soaked up his blood into the soles of their boots and stamped it around in footprints that anyone who cared to might examine. But no one did care to. The carnage divided, along each side of the courtyard. To their left, the killers entered the room of the centre's director, who made it outside, where the pond of his blood putrefied on the cement. Next were the quarters of his deputy, a woman. Her blood was flecked across a floral bedspread … [Read more...] about Life and death in Juárez, the world’s murder capital
Recession world economy
The International Monetary Fund has urged the UK to ease back on austerity should the economy slow further, as it warned finance ministers at the G20 summit in Shanghai to boost public spending on infrastructure to fuel global growth. In a report on the UK’s economic outlook, the IMF said the risks of a more severe downturn were mounting as David Cameron’s government battled sluggish productivity growth, a balance of payments deficit, high levels of household debt, and the forthcoming referendum on EU membership. In a mission statement drafted ahead of the G20 meeting in China later this week, it said that the power of monetary policy was beginning to wane and it was incumbent on those governments that could safely increase their spending to act together to boost global growth. The chancellor, George Osborne, and the Bank of England governor, Mark Carney, are due to attend the conference. It said the Treasury needed to “remain vigilant to the challenges ahead and to … [Read more...] about IMF urges G20 to take ‘bold action’ on global economy
Illustrative photo (Source: internet) Hanoi (VNA) – Member economies of the Asia-Pacific Economic Cooperation (APEC) have pledged to boost their cooperation at the APEC Concluding Senior Officials' Meeting (CSOM) held in Singapore on December 7. Convened by Chile, the host of APEC 2019, the CSOM summarised achievements of APEC Chile year in 2019 and rolled out orientations for APEC’s operation in the time to come. During the CSOM, Chile issued the 2019 APEC Host Economy Leader's Statement, which officially marks the end of the APEC Chile year. The statement highlighted the achievements that APEC has made over the past 30 years since its establishment. It also reiterated that APEC member economies are committed to promoting free and open trade and investment, strengthening multilateral cooperation and rules-based international trade, and continuously advancing cooperation on connectivity, digital economy, regional economic integration, and the Free Trade Area of the … [Read more...] about APEC member economies pledge to enhance cooperation
On a Wednesday night at a student hall of residence in southern Paris, residents were surprised to find a group of people in matching grey T-shirts knocking on bedroom doors to ask them earnestly what was wrong with France. “Can you name something that works in France today?” asked one of the door-knockers. A 19-year-old studying human resources scratched her head and said she couldn’t think of anything. “OK, what doesn’t work in France?” came the next question. That was easier to answer. “Unemployment and having no hope of ever finding job that matches my qualifications,” said the student, who said she came from a poor suburb of Toulouse plagued with discrimination. Her answer was diligently noted down. It was a typical evening’s work for the volunteer members of France’s newest political movement, En Marche! — or Forward! — set up by the iconoclastic young economy minister, Emmanuel Macron, as a launchpad for a … [Read more...] about Will France’s young economy minister – with a volunteer army – launch presidential bid?
An international workshop on Vietnam's economic prospects until 2025: opportunities and challenges brought by new-generation FTAs (Photo: dangcongsan.vn) Under its 5-year socio-economic development plan until 2020, Vietnam has maintained an annual GDP growth rate of more than 6.8%. Last year’s growth was more than 7% and this year is expected to exceed 7%. Vietnam has achieved the GDP growth target set for the entire period. Inflation has been under control and the public debt ratio has been decreasing. But growth has been heavily dependent on capital. The support industry has grown slowly. The contribution of services with high added value has remained low. Logistics costs are high. Exports depend on foreign-invested enterprises. Most Vietnamese businesses haven’t participated in global value chains and their ability to innovate hasn’t improved much. At a recent international workshop on Vietnam's economic prospects until 2025, many experts pointed … [Read more...] about New-generation FTAs create opportunities, challenges for Vietnam’s economy
France’s former economy minister, Arnaud Montebourg, has said he will run in next year’s presidential election after “wasted” years under François Hollande. He is the latest candidate on the left to challenge the government’s pro-business line. Montebourg did not say whether he would take part in the left’s primary race to choose a candidate early next year, or whether he would run independently. Ousted from the government two years ago over his increasingly vocal criticism of Hollande, he will be joining an already crowded field jostling to replace the unpopular Socialist president in May 2017. “I shouldn’t be here proposing an alternative because that’s what we promised four years ago,” Montebourg told a rally of supporters in Burgundy on Sunday. “But four years later we are left with a feeling of waste. Like for the majority of French people it is impossible to support the current president. I am candidate for … [Read more...] about France’s former economy minister to run for 2017 presidency