Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Historic day for Nigeria and day of hope for Africa

Read more

DEBATE

Nigeria's Historic Election: The Return of Muhammadu Buhari (part 2)

Read more

DEBATE

Nigeria's Historic Election: The Return of Muhammadu Buhari (part 1)

Read more

FOCUS

The rise of Hindu far-right groups

Read more

REPORTERS

Video: San Cristobal, Venezuela's tinderbox

Read more

THE OBSERVERS

Rebuilding attacked churches in Niger, and illegal fishing in Iran

Read more

#THE 51%

The extraordinary tale of the Egyptian mother who lived as a man

Read more

ENCORE!

Film Show : 'Suite française', 'Shaun the sheep' and 'A perfect man'

Read more

FOCUS

Strait of Hormuz: a smuggler's paradise

Read more

Live from the newsroom, we provide an overview of the stories making the French and international newspaper headlines. From Monday to Friday at 7.20 am and 9.20 am Paris time.

IN THE PAPERS

IN THE PAPERS

Latest update : 2012-01-20

Hypocritical Super-Rich or Flagging Giants?

The Independent attacks the "moralising hypocrisy" of the super rich, but the Economist says the corporate elite are not as powerful as we think they are. And as the Keystone XL pipeline deal from Canada to the Gulf of Mexico is dropped, the papers wonder if Barack Obama is standing up to Big Oil, or simply putting a controversial plan on hold until the electoral winds blow over.

The Independent says the British public has had enough of corporate greed and bankers blessed with bloated bonuses. But one of its bloggers goes further to attack the super rich for their "moralising hypocrisy." His chief culprit? Bono of U2. They are among the wealthy, he says, who give to charity with one hand and set their companies up in tax havens with the other, depriving governments of the resources they say are crucial to reducing poverty.

But the corporate elite are not what they used to be if you read this week's Economist. Looking at the 2,500 biggest public companies, it says the average job tenure for CEOs has fallen from 8 years in 2000 to just 6 and a half today. And the number of executives who chair their own boards - the equivalent of a schoolboy marking his own exams - fell from 48% in 2002 to less than 12% in 2009. "They are still paid handsomely," continues the Economist, "but it is in part a reaction to rising job insecurity."

Keystone XL was due to build an oil pipeline from Canada's oil sands right through the US, but was stopped in its tracks by the White House. The Huffington Post says Barack Obama is standing up to Big Oil, in defence of the environment. But Canada's conservative daily the National Post says the deal is not done, it's delayed. The Post says the US is far too dependent on crude, particularly from safe, secure and friendly nations like Canada, and it reckons the strong environmental stance may play well in advance of an election. The White House has reportedly said the Canadian company can make a new application for a construction permit when it works out details for a new route.

By Kyle G. Brown

COMMENT(S)

Archives

2015-04-01 Nigerian presidential elections

'Nigeria is the winner!'

INTERNATIONAL PAPERS - Weds. 01.04.15: Papers focus on the result of the Presidential election in Nigeria. It's a historic victory for Muhammadu Buhari. He’s the first Nigerian...

Read more

2015-04-01 Manuel Valls

Is there a surveillance device in your smoke detector?

FRENCH PAPERS - Weds. 01.04.15: Prime Minister Manuel Valls is in damage control mode after the Socialist Party's electoral defeat in recent local elections. Papers also focus on...

Read more

2015-03-31 Nigerian presidential elections

'My enemy's enemy?'

INTERNATIONAL PAPERS - Tues. 31.03.15: The top story in the news today is those intense nuclear talks in Switzerland which have entered their final day. The deadline for a...

Read more

2015-03-31 French politics

Hollande: 'Lost in election'

FRENCH PAPERS - Tues. 31.03.15: French papers continue to react to the second round of local departmental elections on Sunday. Seen as an “electoral slap in the face” for the...

Read more

2015-03-30 French elections

The political recovery of France's right

The second round of local elections has seen a resounding victory for the UMP party of former president Nicolas Sarkozy. The National Front made sweeping gains, but fell short of...

Read more