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USA
Today is Talkies Day
Nothing could have introduced sound to the movies better than Al Jolson’s catchphrase, “Wait a minute, you ain’t heard nothing’ yet! Do you want to hear ‘Toot, Toot, Tootsie Goodbye’?” The unscripted ad-lib by Al Jolson in The Jazz Singer made a big impression on the audience on October 6, 1927. The ...
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Malta
‘This boat is my life’ – Owner of vessel held in Libya calls on government to intervene
The owner of a vessel that has been held in Libya for over a week is calling on the government to intervene and save his livelihood.The vessel has been detained in Benghazi for nine days. Speaking to The Malta Independent, Albert Satariano, who purchased the vessel eight years ago after retiring, ...
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USA Myanmar
Las Vegas gunman may have scoped out other music festivals
Investigators are looking into whether gunman Stephen Paddock scoped out bigger music festivals in Las Vegas and Chicago — and perhaps Boston's Fenway Park — before setting up his perch in a casino hotel and raining deadly fire on country music fans.Paddock booked rooms overlooking the Lollapalooza festival in Chicago ...
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Bulgaria Malta
13 Bulgarian nationals arrested for pickpocketing as they were set to leave Malta
Thirteen Bulgarian nationals were arrested as they were leaving a hotel on their way to the airport, and will be charged with pickpocketing, the police said.In a statement, the police said that at 12:30pm, four men and six women, all from Bulgaria, were arrested after police officers saw them exit ...
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Panama
Debaten la penalización de la evasión fiscal
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Brasile India
Defining emerging markets
WHAT COUNTS AS an emerging market? Broadly speaking, an economy that is not too rich, not too poor and not too closed to foreign capital. The term was coined by Antoine van Agtmael in 1981 when he was working for the International Finance Corporation (IFC), a division of the World ...
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India
Worries about premature industrialisation
BANGLADESH EXPORTS 60% more ready-made garments than India, a country with over eight times its population. On the busy roads of Dhaka, Bangladesh’s capital, white vans nose through the traffic on “Emergency Export Duty”, according to the ambulance-like letters painted on their sides. The success of this quintessentially labour-intensive industry ...
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USA
Protectionism and its risks
EVEN BEFORE THEY claim their baggage at the airport, visitors to the city of San Luis Potosí in central Mexico see an advertisement for the site where Ford Motors was planning to build a $1.6bn factory. The Planta Ford is still marked on a map in the arrivals hall, albeit ...
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USA
The middle-income trap has little evidence going for it
EVERY FEW YEARS Foreign Affairs, a magazine about international relations, provokes a fracas in a neighbouring discipline, international economics. In 1994 it published an essay by Paul Krugman, “The Myth of Asia’s Miracle”, which re-examined the source of the tigers’ success. Then, after the Asian financial crisis, it came up ...
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Turchia
Emerging markets are up and running
IN 1875 THE Ottoman Empire defaulted on half its foreign debt, a victim of the “first major debt crisis of the developing world”, according to one account of the mess. Its creditors, led by the Imperial Ottoman Bank, forced the empire’s grand vizier to accept a humiliating solution. Rather than ...