Showing posts with label Politics. Show all posts
Showing posts with label Politics. Show all posts

Sunday, August 30, 2009

Japan DPJ Election Win Brings ‘Bloodless Revolution’ -- Bloomberg

Aug. 31 (Bloomberg) -- The Democratic Party of Japan swept to power
for the first time as the nation's voters turned their backs on half a
century of single-party government that failed to reverse economic
stagnation and spiraling welfare costs.

The DPJ, led by 62-year-old Yukio Hatoyama, captured at least 306 of
480 lower-house seats, public broadcaster NHK said. Prime Minister
Taro Aso indicated he would resign as head of the Liberal Democratic
Party, which lost almost two-thirds of its lawmakers in a complete
reversal of the last election in 2005.

"This is a bloodless revolution, the first transfer of power from one
party to another in postwar Japan," said Tomoaki Iwai, a political
science professor at Nihon University in Tokyo. "The DPJ now faces the
tough task of delivering on its promises and showing the Japanese
public it can change the system."

Hatoyama, who quit the LDP in 1993, has pledged to revive an economy
emerging from its deepest recession since World War II by boosting
child-care spending, cutting taxes and curtailing the power of
bureaucrats. His grandfather founded the LDP in 1955 and became the
first of that party's 22 prime ministers.

"This election has been all about changing the government," Hatoyama
said in a nationally televised press conference. "Everything starts
now."

...

To acess the full Bloomberg article please visit:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aAQ0qltevVQI

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Friday, August 28, 2009

Argentina could potentially attract $10 billion to its stock market if restrictions are lifted, reports Bloomberg

Argentina’s stock exchange called on the government to lift capital controls that caused it to become the only major Latin America market classified as “frontier,” adding the move may help lure $10 billion in foreign investment.

A requirement for international investors to deposit 30 percent of what they put in Argentina with the central bank for a year “have stopped making sense,” Adelmo Gabbi, the Buenos Aires stock exchange’s chairman, said yesterday in a speech.

Capital controls prompted MSCI Inc. to remove Argentina from its benchmark emerging-market index in June, assigning it the so-called frontier status along with the world’s least developed markets. The controls have helped Argentina avoid volatility, said President Cristina Fernandez de Kirchner.

Argentina's stock exchange, Buenos Aires
Image courtesy of Business Week


“We have to seek a rule so that the inflow of funds won’t be speculative,” she said, without elaborating.

...

“The deposit requirement was imposed in 2005 and was one of the forces that allowed us to confront the brutal volatility of the markets during the crisis,” Fernandez responded yesterday in a speech at the Buenos Aires stock exchange.

Fernandez’s husband and predecessor Nestor Kirchner imposed deposit requirement in order to discourage speculators from investing in local markets after the country restructured about $104 billion in bonds...


Click here to access the full article from Bloomberg

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Sunday, May 17, 2009

India - Election results from the world's largest democracy

Newswire: India's Election Results

It is a beautiful process when a democratic country experiences a peaceful transition of leadership.


India's voters have spoken. On one side, celebrations swept India as supporters of the Congress Party celebrated their victory.

On the other, the opposition Bharatiya Janata Party, conceded defeat.


"The party accepts the verdict of the voters will full respect."

The Congress Party won as many as 260 seats. This puts Congress just short of a independent majority, but close enough to be able to form a stable coalition.

Good news for financial markets, which will welcome a stronger government with more capacity to push through market reforms. Expect Bombay's stock exchange to rally on Monday.




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Thursday, April 23, 2009

Esteban Colberto live from Trinidad and Tobago

Hilarious clip from last nights Colbert Report on Comedy Central. If you are a international reader or simply someone who is not familiar with Stephen Colbert I would like to point out that he is the host of a show that is a political satire.

Please watch with a open mind and realize he is being sarcastic...

The Colbert ReportMon - Thurs 11:30pm / 10:30c
Summit of All Fears
colbertnation.com
Colbert Report Full EpisodesPolitical HumorGay Marriage Commercial


If you make it to the end of the video he does a very funny little bit on the US demand for drugs. Worth your time watching.

Sunday, January 18, 2009

Video -- Investing in Emerging Markets -- Bloomberg



Analysis and Discussion with Gordian Kemen of Barclays