Charles: King-in-waiting and a force for change + MORE Feb 16th

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BEIJING, China – Asian stock markets mostly rose Monday after Japan emerged from recession last quarter and as investors looked ahead to a meeting between Greece and its main European creditors.
KEEPING SCORE: Tokyo’s Nikkei 225 jumped 0.7 per cent to 18,039.84 and Hong Kong’s Hang Seng rose 0.3 per cent to 24.758.30. The Shanghai Composite Index added 0.1 per cent to 3,206.21 and Seoul’s Kospi gained 0.1 per cent to 1,959.25. Australia’s benchmark gained while Singapore fell.
JAPAN REBOUND: Japan emerged from recession last quarter, though growth fell short of many forecasters’ expectations. Data on Monday showed the world’s third-largest economy grew at a 2.2 per cent annualized rate in the October-December quarter, boosted by exports and public spending. Growth for 2014 was flat and real wages fell 0.1 per cent. Private investment was anemic, suggesting that businesses and households still are cautious. Japan’s economy slipped into recession last year after the government increased sales tax in April…

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TOKYO – Japan’s economy emerged from recession in the last quarter, growing at a 2.2 per cent annualized rate as exports and public spending helped to offset weaker residential investment.
However, the preliminary data released Monday put growth for the world’s third-largest economy in 2014 flat at 0.0 per cent, the slowest rate in three years, while real wages fell 0.1 per cent.
The economy expanded 0.6 per cent in October-December from the previous quarter, a rate that fell below many economists’ expectations.
Private investment that remained anemic, suggesting that businesses and households, which account for the lion’s share of growth, remain cautious about spending.
“The weakness in domestic demand supports our view that output will essentially be flat this year,” Marcel Thieliant of Capital Economics said in a commentary.
The government revised earlier growth figures, suggesting the technical recession of two straight months of contraction was milder than earlier reported…

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While young Canadians have fallen on hard times, governments are increasing the wealth gap by focusing their resources on seniors

Continue Reading On theglobeandmail.com »

Charles: King-in-waiting and a force for change

CHARLES: THE HEART OF A KING
Catherine Mayer
He’s been heir to the throne for 63 years. As king-in-waiting he has two choices: either do the bare minimum expected while waiting for his mother’s death, or seize the opportunities given to him and turn the position of Prince of Wales into a force for change.
He chose the latter, creating the Prince’s Trust to help disadvantaged youth through training, mentoring and financial aid. The widely praised charity helps more than 50,000 young people annually. His disparate passions—ranging from promoting wool and panning much of modern architecture to taking a holistic approach to sustainability—have generated intense reactions. Britain’s former chief rabbi talks of Charles’s “greatness” while critics slam his beliefs as the whims of an entitled dilettante.
Now, in her controversial biography, Mayer writes that even the Queen is worried about the direction he will take the monarchy.
The prince’s principal private secretary shot back against “ill-informed speculation,” stating Charles “understands the necessary and proper limitations” of a sovereign…

Continue Reading On macleans.ca »

BANGKOK – Thailand’s economy barely grew last year as tourism, investment and exports fell after months of anti-government protests and a May coup.
The National Economic and Social Development Board said Monday the economy grew 0.7 per cent in 2014, falling short of expectations of 1 per cent growth.
The government agency predicted Southeast Asia’s second-largest economy behind Indonesia will expand between 3.5 and 4.5 per cent in 2015 as world growth picks up and tourism, exports and investment recover.
Renowned for its pristine beaches and high quality rice, Thailand is also a manufacturing base for electronics manufacturers and several global automakers, including General Motors Co. and Toyota Motor Corp.
Thailand was hit by months of anti-government protests before the May coup, which was the latest major episode in a decade long battle between the country’s ruling class and a populist political movement started by telecoms billionaire and former prime minister Thaksin Shinawatra…

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