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Thursday, May 23 2013
The Road To Democracy
EVER since their ice-breaking meeting last year, President Thein Sein and Daw Aung San Suu Kyi have shown uncommon courage and pragmatism as they have moved cautiously, but in step, to reorient public attitudes and transform the political climate.
THE CREATIVE MONOPOLY
AS a young man, Peter Thiel competed to get into Stanford. Then he competed to get into Stanford Law School. Then he competed to become a clerk for a federal judge. Thiel won all those competitions. But then he competed to get a Supreme Court clerkship ...
Al Watan - Arabic Newspaper
Jamila - Monthly Women Magazine
Nation Business Sports Chill Out
Britain slides back into recession

BRITAIN was back in recession Wednesday after its economy shrank in the first quarter while Prime Minister David Cameron said the country was being buffeted by the European downturn.

Gross domestic product fell 0.2 percent between January and March, after a 0.3-percent drop in the fourth quarter of 2011, the Office for National Statistics (ONS) said in a statement.

That technically placed Britain in recession, which is defined as two successive quarters of contraction, amid a broader downturn that appears to be taking hold across Europe and notably in members of the eurozone. “We are in a difficult economic situation in Britain,” Cameron said in reaction to the data, adding that he stood by government spending cuts despite worries that they undermined growth.

“Just as you see now recessions in Denmark, in Holland, in Italy, in Spain, that is what is happening in the continent that we trade with.

What is absolutely essential is we take every step we can to help our economy out of recession,” Cameron told parliament. Britain, which is not a member of the eurozone, clawed its way out of a record-length recession in the third quarter of 2009 caused by the global financial crisis.

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Qtel sets May 13-24 for $1.9 billion rights issue

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