Word: governmentally
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Financial giant Citigroup has recently stepped up its efforts to prove to the world that the bank is on the mend. In January, CEO Vikram Pandit said his firm had made enormous progress in 2009. And in February, Citi launched a blog to note that among other things, the bank...
Reports toward the end of last month told of telecommunications workers protesting in the south-central city of Shiraz for three consecutive days over 13 months of unpaid wages, numerous factories operating at 20% to 30% capacity and up to 2,000 layoffs in the power industry as three major...
Such stories remain mostly confined to the media outlets of human rights and labor organizations, whose members operate under perpetual fear of arrest and intimidation. Iran's official media continue to portray Iran as a success story. Indeed, so does President Mahmoud Ahmadinejad. However, at Ahmadinejad's most recent press...
Five years ago, Ahmadinejad was elected as a problem solver, an engineer who would clear away old obstacles to a functioning and just economy. An initial flood of oil-fueled liquidity and openhanded lending at the beginning of the Ahmadinejad era has given way to a stagnant property market and...
The rosy talk out of the President's office does not match up with the realities faced by ordinary Iranians. "They look at their pockets and find nothing positive there," says the Iranian journalist. "They cannot believe all those optimistic figures given by the government. The government says that inflation...