Open

Coming up

Don't miss

Replay


LATEST SHOWS

#THE 51%

Sweden: A Feminist's Paradise?

Read more

FOCUS

Ireland's missing babies cast light on dark history

Read more

MEDIAWATCH

A thin line between fact-checking and propaganda in Gaza social media coverage

Read more

DEBATE

Gaza: How to Stop the Spiral? Israel Readies For Ground Offensive (part 2)

Read more

DEBATE

Gaza: How to Stop the Spiral? Israel Readies For Ground Offensive

Read more

WEB NEWS

World Cup 2014: Germany-Brazil inspires the Web

Read more

THE INTERVIEW

Boutros-Ghali: 'I wanted to reform the UN'

Read more

IN THE PAPERS

57 000 little problems

Read more

IN THE PAPERS

The Sarkozy 'threat'

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

Comments

COMMENT(S)

 
 
Archives

2014-07-10 Indonesia

57 000 little problems

INTERNATIONAL PAPERS - Thurs. 10.07.14: International papers focus on tensions in the Middle East, elections in Indonesia and illegal immigration in the United States.

Read more

2014-07-10 France

The Sarkozy 'threat'

FRENCH PAPERS - Thurs. 10.07.14: French papers focus on government spending cuts, former President Nicolas Sarkozy's potential political return and the opposition UMP's shady...

Read more

2014-07-09 2014 FIFA World Cup

Brazil's worst defeat in history

INTERNATIONAL PAPERS - Weds. 09.07.14: International papers largely focus on Brazil's humiliating 7-1 defeat to Germany in the World Cup semi-final. Could this loss remind a lot...

Read more

2014-07-09 UMP

Rachida Dati's €10,000 phone bill

FRENCH PAPERS - Weds. 09.07.14: French papers focus on a bill that's going to be discussed in today’s cabinet meeting, aimed at beefing up France’s anti-terrorism laws. Also, the...

Read more

2014-07-08 Islamic State of Iraq and Greater Syria (ISIS)

'How Seriously are Global Jihadis taking ISIS’s Caliphate?'

INTERNATIONAL PAPERS - Tues. 08.07.14: Israeli papers continue to focus on tensions in the region over the murder of a Palestinian teenager. Also, just how seriously are global...

Read more