Michael Cross
The Guardian Thursday December 14, 2006 Fair trade watchdog blasts government agencies for manipulating the market in public sector information
The Office of Fair Trading has put a price on the cost to the economy of not making more government data freely available: £500m. In a long-awaited report on public sector information - data created as a byproduct of government activities - the watchdog says that government policy allows public bodies to rig markets for data they generate in their own favour. It also found evidence that public bodies are secretive about the data they hold, restrictive in the way they license it, and may be abusing their position as monopolies.ting the market in public sector information. |
By Ambrose Evans-Pritchard
Telegraph.co.uk 12/12/2006 America's elite banks are expecting sterling to plummet next year after its meteoric rise to near $2 this autumn, believing Britain's growth surge to be well past its sell-by-date. Goldman Sach has advised sophisticated investors take out a "short" position against pound on the derviatves markets as its top trade for 2007, a bet that the currency will fall.
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by Peter Coy
Business Week 30 Nov 06 Don't jingle any bells for the U.S. economy as the holiday season heats up. From major headline numbers like the gross domestic product (GDP) report to out-of-the-way stats like truck tonnage, the economy seems to be stuck in below-trend growth. Let's hope Federal Reserve Chairman Ben S. Bernanke is right that things will get better in 2007.
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By Glenn Somerville
Reuters 15 Dec 06 BEIJING - U.S. Treasury Secretary Henry Paulson said on Friday that China's reluctance to let its currency appreciate remained a core bilateral issue but claimed some progress in talks on reducing trade imbalances.
At a news conference after two days of talks and meetings with Chinese Prime Minister Wen Jiabao and President Hu Jintao, Paulson said he had told Chinese officials "in the clearest possible terms" it needed to move toward currency flexibility. He said an inaugural session on Thursday and Friday of a "joint economic dialogue" between the two countries found agreement on "fundamental principles," including the need for balanced growth without large trade imbalances. |
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