Hiển thị các bài đăng có nhãn after. Hiển thị tất cả bài đăng
Hiển thị các bài đăng có nhãn after. Hiển thị tất cả bài đăng

Thứ Năm, 23 tháng 2, 2012

After the bailout: Is Greece still doomed?

The debt-laden nation secures a whopping $170 billion lifeline — but few Greeks are breaking out the champagne This week, the so-called troika of lenders — the European Union, the European Central Bank (ECB), and the International Monetary Fund (IMF) — agreed to extend another massive aid package to debt-plagued Greece, its second since 2010. The $170 billion bailout comes just in time, forestalling Greece's default on a $19 billion debt payment due in March. Many European leaders are breathing a sigh of relief, since a default could have led to chaos in financial markets and the dissolution of the euro currency bloc. But they aren't exactly doing cartwheels in the streets either, because Greece continues to face daunting, perhaps insurmountable challenges. Even with this latest bailout, are Greece's financial problems beyond repair?

Yes. Greece is doomed: The bailout is predicated on "fairy-tale" projections, says Derek Thompson at The Atlantic. The troika forecasts that Greece's debt-to-GDP ratio will stabilize at 120 percent by 2020 — a "fantasy" that absurdly assumes that Greece's crippling recession "will stop accelerating sometime starting… yesterday." With a new round of harsh austerity measures setting in, the Greek economy will only contract further, putting Greece on track to record "one of the worst recessions for a developed country in modern history." Even with this latest bailout, Greece won't be able to pay its debts under that kind of pressure. The troika's plan is "unrealistic and doomed to fail."
"Greece is still doomed: why the new bailout is a fantasy"

Maybe. But the bailout at least buys time: The bailout isn't meant to solve all of Greece's debt problems, says Ezra Klein at The Washington Post. It simply prevents immediate catastrophe, and should allow Europe to "muddle along" for a few more years. "Perhaps, by then, the global recovery will be stronger than we had thought, or the rest of Europe will be in a stronger position to help push Greece over the finish line." Until then, "doomsday just keeps getting delayed." Maybe that's enough for now.
"Muddling along in Europe"

Greeks won't take this lying down: With no bright spots on the economic horizon, "the Greek people will suffer and Greece itself will go through a time of testing not seen since the unrest following World War II," says Rick Moran at American Thinker. Furthermore, the troika is taking unprecedented control over Greece's finances, all but demanding that Greece relinquish its "economic sovereignty." With new elections scheduled for April, don't be surprised if voters "throw out the entire government" in exchange for one that rejects the bailout deal altogether.
"Greek bailout a done deal"

SEE MORE: Will debt downgrades doom the eurozone recovery?

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Thứ Tư, 15 tháng 2, 2012

Murdoch Faced With 'Civil War' After Arrests at London Tabloid

When Rupert Murdoch meets with staff members at his popular, British tabloid The Sun this week, he will be wading into the middle of “what amounts to a civil war within News Corporation,” according to a former editor at the newspaper.

Readers of The Sun were given a clear sense of the anger inside the newsroom in a column published in Monday’s edition of the paper. Under the headline, “This Witch Hunt Has Put Us Behind Ex-Soviet States on Press Freedom,” the tabloid’s associate editor, Trevor Kavanagh, denounced the recent arrests of journalists as part of a police investigation into bribery of public officials. Reporters and editors, he said, “are being treated like members of an organized crime gang.”

Mr. Kavanagh also raged against what he called heavy-handed tactics and a waste of police resources in the investigation of tabloid journalists.

They are subjects of the biggest police operation in British criminal history — bigger even than the Pan Am Lockerbie murder probe.

Major crime investigations are on hold as 171 police are drafted in to run three separate operations. In one raid, two officers revealed they had been pulled off an elite 11-man antiterror squad trying to protect the Olympics from a mass suicide attack.

Instead of being called in for questioning, 30 journalists have been needlessly dragged from their beds in dawn raids, arrested and held in police cells while their homes are ransacked.

Mr. Kavanagh expanded on his column in an interview with Sky News, a satellite news channel which is also owned in part by Mr. Murdoch’s News Corporation.

Video posted online by The Sun, a London tabloid, of the paper’s associate editor explaining anger over the recent arrests of reporters and editors.A controversial headline from 1982.A controversial headline from 1982.

Asked to comment on Mr. Kavanagh’s column, Roy Greenslade, a Guardian media blogger who worked at The Sun when Mr. Murdoch prowled its newsroom during the Falklands war, endorsing sensational headlines, told BBC Radio 4: “it’s an overt attack on the police, but the covert message is the most interesting one. It’s clearly an attack, in the end, on Rupert Murdoch and his stewardship on the company, and it is the clearest evidence we have of the extent of what amounts to a civil war within News Corporation.”

Mr. Greenslade suggested that Sun journalists were outraged by what they see as an attempt to deflect blame onto reporters and editors by executives at their parent company, News Corporation, who are now cooperating with the police investigation.

Mr. Greenslade’s theory seemed to be borne out by remarks made by Mr. Kavanagh in a live interview with BBC Radio 5 later on Monday. Asked, “Do some people at The Sun feel as though the parent company has hung them out to dry?” the associate editor replied: “Well, there is certainly a mood of unhappiness that the company proudly, certain parts of the company” are “actually boasting that they are sending information to police that has put these people I have just described into police cells.”

Mr. Kavanagh then made it clear that he was referring to News Corp.’s new Management and Standards Committee. As The Guardian explained, the committee “was set up last year in the wake of the phone-hacking scandal to cooperate with police investigations into hacking and allegations of corrupt payments to public officials. The arrests of Sun journalists comes after the MSC reconstructed an e-mail archive of 300 million messages and turned over parts of that archive to the police.”

Reuters noted on Tuesday that the committee, which includes a former editor of the rival Daily Telegraph, operates independently and works in soundproofed offices searching for evidence of corruption inside the British newspaper division of News Corp.

Another former Murdoch employee, Andrew Neil, who edited the prestigious Sunday Times of London, told Reuters: “The Sun has turned against Rupert Murdoch. He has put in place things he cannot stop. The Sun was the most loyal to Murdoch. It was closest to his heart. Now Sun journalists believe he has launched a witch hunt to protect himself. He won’t be welcomed. They won’t believe his promises. They’re sullen. They’re resentful. They feel betrayed.”


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Thứ Hai, 6 tháng 2, 2012

Daniel Radcliffe in The Woman in Black: 'Life after Harry Potter'?

After 10 years of playing the heroic wizard in the highest grossing franchise of all time, the 22-year-old actor attempts a risky cinematic stretch

Is Daniel Radcliffe more than just a one-trick wizard? That's the question critics are asking as The Woman in Black — the actor's first major film after 10 years of playing Harry Potter — opens this weekend. In Black, the 22-year-old plays Arthur Kipps, a circa 1900 London lawyer whose wife recently died in childbirth, leaving him to raise their four-year-old son. The grief-deranged Kipps is about to be sacked when he's given one last shot to save his job: Settle the affairs of a widow who recently died at her old country estate. And, yes, the estate is thoroughly haunted. (Watch the spooky trailer below.) Given that Radcliffe is untested as a star outside the Potter franchise, critics are scrutinizing his believability in this role. Can The Woman in Black prove that, for Radcliffe, there's "life after Harry Potter?"

Yes. He's brilliant: The role of the Black's grieving widower is complicated, but Radcliffe knocks it out of the park, says Stephanie Zacharek at Movieline. The Harry Potter star turns out to be a "deeply sympathetic actor," roaming through the movie "as if he were floating on a cloud composed of equal parts grief and curiosity." In this nuanced and subdued performance, he "holds his emotions close, like a pocketwatch, and yet they still register." If this is what Radcliffe has to offer, he's poised to develop into a "fine young actor."
"Review: The Woman in Black is a bleak Victorian ghost story, offered with a wink"

Which should help this terrific film hit big: The casting of "Harry Potter" already ensured this film a large audience, says Todd McCarthy at The Hollywood Reporter. But it deserves attention: The Woman in Black is "a hoot of an old-fashioned British horror film," mining screams out of shadows, creaky noises, blink-and-you-miss-it ghosts, and "shrieking music cues pegged to startling cuts." And Radcliffe is "perfectly good" and "credible" (apart from his anachronistic facial stubble), "capable of holding the screen by himself for a long period, as required by his character's isolation."  
"The Woman in Black: Film review"

C'mon. He's not that good: Radcliffe wisely chose a film that signals he's "outgrown his boy-wizard role," yet won't terrorize his tween fans with its "PG-13-level frights," says Rafer Guzman at Newsday. Too bad this rather monotonous movie squanders Radcliffe terribly, burdening him with a "stiff, morose," and emotionally "straitjacketed" character. When any of the few good scares arrive, Radcliffe lowers the voltage by reacting with "vague concern mixed with slight dismay." This should have launched a new chapter in Radcliffe's career, "but Voldemort himself couldn't have done a better job of squashing his magic."
"Radcliffe not magical in Woman in Black"

 

SEE ALSO: 6 'ridiculous' reasons moviegoers asked for their money back

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