What the world is reading | World | Times Crest
Popular on Times Crest
  • In This Section
  • Entire Website
  • Hiding, but still a hero
    July 6, 2013
    Edward Snowden's revelations about government surveillance transformed him into a champion of the people world over, but left him on the run.
  • Taking a stand
    July 6, 2013
    The Standing Man of Taksim Square helped revive the spirit of Turkey protests.
  • Fixing Pakistan, from the inside
    June 29, 2013
    Sharif is busy making big changes like being upfront about a host of troubling issues that ail the Islamic republic.
More in this Section
Profiles
Leaving tiger watching to raise rice Ecologist Debal Deb, who did his post-doctoral research from IISc in…
The crorepati writer He's the man who gives Big B his lines. RD Tailang, the writer of KBC.
Chennai-Toronto express Review Raja is a Canadian enthusiast whose quirky video reviews of Tamil…
Don't parrot, perform Maestro Buddhadev Dasgupta will hold a masterclass on ragas.
A man's man Shivananda Khan spent his life speaking up for men who have sex with men.
Bhowmick and the first family of Indian football At first glance, it would be the craziest set-up in professional football.
From Times Blogs
The end of Detroit
Jobs in Detroit's car factories are moving to India.
Chidanand Rajghatta
How I love the word ‘dobaara’...
Can ‘bindaas’ or ‘jhakaas’ survive transliteration?
Shobhaa De
Anand marte nahin...
India's first superstar died almost a lonely life.
Robin Roy
Conversations

What the world is reading




SLATE MAGAZINE
In 2008-09 America faced its worst financial crisis since the Great Depression. While thousands of Americans struggled with salary and job cuts, the big American corporations shamelessly used up the money from federal bailout to pay bonuses to its top honchos. In his commentary 'Poor little CEOs', Daniel Gross says that little has changed in the corner rooms. The CEOs are now whining about Obama's new financial regulation plan. Gross writes that the recent "Jobs for America" summit organised by US Chamber of Commerce, the Business Roundtable and the National Federation of Independent Business was like BP holding a deepwater drilling safety summit. "While President Obama met with CEOs, the summiteers called for cutting taxes for companies, extending tax cuts for the wealthy, and opening up federal areas for resource exploration. " The CEO-class exhibits an unseemly combination of myopia and ingratitude. Consider GE. The conglomerate's massive financing business, GE Capital, had relied on short-term borrowing in the credit markets for most of its funding - a business model that left it highly vulnerable in the fall of 2008. The Federal Reserve rode to the rescue by guaranteeing the vast commercial paper market, in which GE Capital was a significant participant. Today, GE Capital has $59 billion in such guaranteed debt outstanding. But the company is receiving a huge subsidy courtesy of the taxpayers. Like other large companies, GE has a portfolio of businesses that benefit from the stimulus package, new regulations, and taxpayer spending.

THE ATLANTA JOURNAL-CONSTITUTION
Early in the week, 62-year-old Shirley Sherrod, Georgia director of rural development, was asked to resign from her post by the US department of agriculture after a video that suggested that she had not helped a farmer because he was white. However, a closer and careful hearing revealed that she was not discriminating against the farmer but simply stating the spectrum of emotions that flooded in the context of her upbringing in the racially divided south. Eventually, the USDA offered her a new post and agriculture secretary Tom Vilsack apologised for her dismissal. Rhonda Cook and Marcus K. Garner in Atlanta Journal-Constitution track her roots to rural Georgia and how her life and ideology was shaped by her father's death. "Shirley Sherrod's 17th year probably did more to mould her personality and set her on a path that travelled through the dangerous, volatile world of race. That year, 1965, her father was shot and killed by a white man in a dispute over cows, the family says. That year, she was one of the first black students to integrate the high school in Baker County in rural southwest Georgia. " That year, she decided to become involved in the civil rights movement in that area of the state. She enrolled in Fort Valley State College. She later went on to receive a BA in sociology from Albany State University and an MA in community development from Antioch University in Yellow Springs, Ohio. And in later years, like some of the farmers she helped when she worked for a non-profit organisation, Sherrod and her husband lost a group farm to bankruptcy.

Other Times Group news sites
The Times of India | The Economic Times
इकनॉमिक टाइम्स | ઈકોનોમિક ટાઈમ્સ
Mumbai Mirror | Times Now
Indiatimes | नवभारत टाइम्स
महाराष्ट्र टाइम्स
Living and entertainment
Timescity | iDiva | Bollywood | Zoom
| Technoholik | MensXP.com

Networking

itimes | Dating & Chat | Email
Hot on the Web
Hotklix
Services
Book print ads | Online shopping | Business solutions | Book domains | Web hosting
Business email | Free SMS | Free email | Website design | CRM | Tenders | Remit
Cheap air tickets | Matrimonial | Ringtones | Astrology | Jobs | Property | Buy car
Online Deals
About us | Advertise with us | Terms of Use and Grievance Redressal Policy | Privacy policy | Feedback
Copyright© 2010 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service