tip off

China and US in trade tug-of-war, with Australia stuck in the middle

China’s push for a new, World Bank-style global institution, along with its decision to reintroduce tariffs on coal imports, has wedged Australia into a precarious position.

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Helen Hughes got it wrong, but not for want of trying

Helen Hughes was an economist for the World Bank and a proponent of imposing home ownership on Aboriginal Australians — a ludicrous notion. But Hughes worked hard, even if she got most things wrong.

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Richard Farmer’s chunky bits: Abbott goes soft

Just as a Liberal-National coalition government prepares to scrap carbon pricing in Australia, the World Bank comes out with a comprehensive report on the world popularity of carbon pricing schemes.

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Why 4 degrees will end the world as we know it: World Bank

The World Bank has produced an alarming report that puts in context the risks of inaction on emissions reduction and climate change. It doesn’t make for pleasant reading.

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Shared understanding is what’s missing in productivity debate

Productivity” is starting to sound a little “gourmet” — a word that means very different things to different people, writes Jo-anne Schofield, executive director of policy network Catalyst Australia.

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Is the World Bank failing girls and kids with disabilities?

A report suggests the World Bank is getting it wrong on the role of girls and kids with disabilities in its development programs — but AusAID comes out OK.

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Doom-laden forecasts rejected by central banking heavy hitter

The tensions continue to go out of the tight conditions in global banking, especially in the eurozone.

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How to end the pokies

Crikey readers have their say.

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Hey World Bank, unless there’s a Lehman-like collapse this isn’t ’08

Lehman’s collapse was an unanticipated, unknown event set up by the pre-existing toxic cocktail of the sliding US economy and other issues — so the World Bank is wrong to predict the same kind of results this time round, writes Glenn Dyer and Bernard Keane.

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Doing a Schettino

The captain of the Costa Concordia’s leadership qualities are not unlike the kind we’re seeing from European leaders at the moment.

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Crikey Blogs | ECONOMY|

World Bank expects Australian GDP growth of 3.2% in 2011 and 3.8% in 2012

The World Bank expects Australia to grow more rapidly this year than global high income countries as a whole, reports Richard Farmer.

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China Daily | ASIA-PACIFIC|

China set to raise poverty line

China has announced it will raise the poverty line to reflect economic development and rising standards of living. According to the World Bank the number of people living below the international poverty line in China fell by more than half from 2004 to 2007.

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Kiwis up interest rates … Nigerian scam tied to BP spill … Is the US the new Greece?

Kiwi interest rates up for the first time in three years, leaks out of China have a big say in market performance, Nigerian scammers move on the BP oil spill and other business news.

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The real cost of climate change

This week the World Bank released a report estimating the costs of battling climate change. It’s around $75-100bn per year and doesn’t include the costs for developing countries.

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Markets slump as World Bank shades green shoots

The World Bank has announced that the world economy will perform worse than expected in March, a call that wreaked a lot of damage on markets overnight.

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The Independent | ENVIRONMENT|

From slums to a shining town on the hill

The citizens of Kaputei, an eco-town rising from the plains south of Nairobi, finally own something that has eluded them their whole lives: a flushing toilet.

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SackWatch: unemployment heads to double digits

After a three week hiatus, Crikey’s SackWatch is back in full swing.

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IMF: rebound might be years away

According to the International Monetary Fund, any economic recovery won’t emerge until well into the second half of the year, if at all, writes Glenn Dyer.

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Bad news for Oz as Asian growth to halve

The IMF relayed some bad news for Australia overnight, writes Glenn Dyer.

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Global economy stuffed, says World Bank

The World Bank says the global economy is likely to shrink for the first time since World War II this year, writes Glenn Dyer.

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