BUSINESS

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China Syndrome

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The central bank of China raised interest rates again last week and followed that by increasing the reserve requirement for the country's banks this week. This has been a fairly consistent pattern by the People's Bank of China over the last four months. The signs of creeping inflation and speculative activity in the property markets are clearly higher than the authorities' comfort level. Consequently, monetary policy is in the midst of "catching up" to economic activity.
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The hibernating global bond bear is awakening

Central banks in the U.K., Europe, Australasia and Latin America, are focused on the ill effects of inflation, which is rising at a rate that threatens to impair economic growth in their respective jurisdictions. This follows a period where these economies were attempting to stoke growth through monetary stimuli that led to lower interest rates and sizeable gains in bond prices. This is now changing.
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Interview: Are free schools the way forward?

IBTimes interviews Jeanne Allen, the President of The Center for Education Reform, about education in Great Britain and the United States and about the rise of charter schools in the US and of academies and now free schools in Britain.
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Inflate the Way Out

The IMF estimates the U.S. gross outstanding public debt to GDP ratio at approximately 100% for 2011. Not good, but the U.S. can point to Japan and Italy as having higher ratios. But probably not many think that Japan's dismal economic picture is one that the U.S. should try to model itself on. Italy also has more than its share of economic issues and an economic framework that not many countries aspire to.
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Manchester's Budget - A little less "big society" than it would like

On Tuesday 08 February 2011, Manchester City Council outlined detailed plans of its £109 million in cuts that it will make during the coming financial year. The City Council state that they are being forced into making these substantial cuts by a dramatic reduction in central government support. A further withdrawal of central funding is forecast for the 2012/13 financial year compelling the City Council to make additional savings of £170 million.