New Realities
Business Weekly is all about adjusting to new realities. We look at Iceland where they're trying to repair a damaged economy and Brazil, where they want to pay farmers to battle climate change.
Business Weekly is all about adjusting to new realities. We look at Iceland where they're trying to repair a damaged economy and Brazil, where they want to pay farmers to battle climate change and at all of us as we try to guess where the global economy goes next.
Many Icelanders are angry about the mess they're in. They blame the small and close-knit community of bankers and rich business people, at the pinnacle of Icelandic society. Some want revenge, especially those who believe there was more to the collapse than a torrent of unwise lending, made worse by the global credit crisis. We speak to the man who has the task of investigating these concerns, Olafur Thor Hauksson, the government special prosecutor looking into suspicions about loan fraud and illegal attempts to ramp up bank share prices.
And as the world spins ever closer to the start of the Copenhagen climate change meeting we hear from Brazil where the argument is about who will pay its farmers for not cutting down trees. Trees of course, are vital because they soak up carbon dioxide and so mitigate climate change. The question is, should Brazilian tax-payers pay the price or should it be those in richer countries? Listen to what Brazil's finance minister Guido Mantega thinks.
And as we all wonder if the world economy is really recovering we hear from Michael Blastland who specialises in looking at what lies behind commonly accepted statistics.
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- Sat 14 Nov 2009 06:32GMTΒι¶ΉΤΌΕΔ World Service Online
- Sun 15 Nov 2009 10:32GMTΒι¶ΉΤΌΕΔ World Service Online
- Sun 15 Nov 2009 19:32GMTΒι¶ΉΤΌΕΔ World Service Online