Skip to main content

Posts

Showing posts from August, 2023

Putin instructed to use the labor of children to cope with the "staff shortage" in the economy

https://www.moscowtimes.ru/2023/08/26/putin-poruchil-ispolzovat-trud-detei-chtobi-spravitsya-skadrovim-golodom-vekonomike-a53100 Russian President Vladimir Putin has ordered the removal of restrictions on the work of minors in order to cope with a shortage of workers in an economy estimated by authorities to be in the hundreds of thousands. The government and the Agency for Strategic Initiatives should consider "promoting employment and stimulating employment" of citizens aged 14 and over, according to a list of Putin's instructions   published   on the Kremlin's website. Teenagers, according to the idea of ​​the president, can be attracted to perform "temporary work", and organizations that do this can be given benefits.   In addition, the hiring of citizens under the age of 18 should be simplified, according to Putin's instructions. According to the Gaidar Institute, the shortage of personnel in Russian factories and factories has reached a record sinc...

Indonesia militants adopt political tactics ahead of 2024 polls

 https://asia.nikkei.com/Politics/Indonesia-militants-adopt-political-tactics-ahead-of-2024-polls KUALA LUMPUR -- Jemaah Islamiyah (JI), the al-Qaida-linked militant group in Indonesia, is working to infiltrate political parties to gain support for its effort to establish an Islamic state in the Muslim-majority country, analysts and one former militant say. The approach is part of a change of tactics for the group, which has in the past carried out violent attacks. Indonesia is set to hold legislative, presidential and regional elections on Feb. 14 next year. The polls will set the country's future political direction, as President Joko Widodo is nearing the end of his second and final term in office. He has presided over strong economic and infrastructure development, including starting construction on a new, $32 billion capital city, Nusantara, on Borneo island, which is scheduled for completion by 2045. Whoever is elected in 2024 will determine whether Widodo's dream for the...

Why China’s economy won’t be fixed

https://www.economist.com/leaders/2023/08/24/why-chinas-economy-wont-be-fixed WHATEVER HAS gone wrong? After China rejoined the world economy in 1978, it became the most spectacular growth story in history. Farm reform, industrialisation and rising incomes lifted nearly 800m people out of extreme poverty. Having produced just a tenth as much as America in 1980, China’s economy is now about three-quarters the size. Yet instead of roaring back after the government abandoned its “zero-covid” policy at the end of 2022, it is lurching from one ditch to the next. \n The economy grew at an annualised rate of just 3.2% in the second quarter, a disappointment that looks even worse given that, by one prominent estimate, America’s may be growing at almost 6%. House prices have fallen and property developers, who tend to sell houses before they are built, have hit the wall, scaring off buyers. Consumer spending, business investment and exports have all fallen short. And whereas much of the world b...