Word: state-run
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...reports of nighttime boundary incursions and troop buildups, even while officials in both governments have downplayed such confrontations. Elements in the Indian media point almost daily to various signs of a Beijing plot to contain its neighbor's rise, a conviction aided by recent hawkish editorials from China's state-run outlets. This week, leading Indian news networks loudly cataloged Chinese transgressions under headlines like "Red Peril" and "Enter the Dragon." (Read about China and India's territorial disputes...
...ugly specter of rising global protectionism. Economists have worried that governments around the world would throw up trade barriers in a quest to preserve jobs and industries, in turn undermining a global recovery. The Chinese press was quick to point out this danger as well. A commentary on the state-run news service Xinhua reminded readers that protectionism was a key cause of the Great Depression. "Smarter actions are required to prevent a repeat of that painful history," the commentary said. "The latest U.S. decision was not one of them." (See pictures of China's investments in Africa...
...with big-ticket IPOs like those of Adani Power and National Hydro Electric Power Corp. falling below their launch prices last week, and smaller entrants like Excel Infoways and Mahindra Holidays and Resorts continuing to trade below listing prices, retail investors are turning wary. The latest IPO, that of state-run Oil India which closed Sept. 10, saw a relatively muted retail response, say investment bankers, with most of the interest coming from institutional buyers. "We've invested very selectively in the companies that have come to markets post elections," says Sukumar Rajah, chief investment officer at Franklin Templeton Mutual...
...former President Kim Dae Jung's funeral, and reopening some traffic across the Demilitarized Zone that divides the continent - he has also reminded the world that getting North Korea to get rid of its nuclear program will be as difficult as ever. On Sept. 4, Pyongyang, via its state-run news agency, noted matter-of-factly that it was in the "last phase" of its uranium-enrichment program. It also added that it was open to "either sanctions or dialogue." (See pictures of Bill Clinton's rescue mission...
...underpaying their pilots, he excerpts the Congressional testimony of Hudson River hero Chesley Sullenberger, who notes that his pay had been cut 40% and he lost his pension. In an episode that might have come from a Dickens novel, Moore tells of two Pa. judges who shut down a state-run detention center and sentenced children, some for the most minor of infractions, to a facility run by a private company that kicked back millions to the judges...