Open

Coming up

Don't miss

Replay


LATEST SHOWS

THE INTERVIEW

I will support Hillary Clinton, will.i.am tells France 24

Read more

FOCUS

Germany: Spread of radical Islam propaganda sparks concerns

Read more

ENCORE!

Corrie Nielsen: Up and Coming Talent at Paris Fashion Week

Read more

FACE-OFF

French Senate election: A new blow for Hollande

Read more

ENCORE!

Encore's Film Show: Julie Gayet, Denzel Washington, and cartoon madness

Read more

MIDDLE EAST MATTERS

Turkey's strategy towards the Islamic State group

Read more

BUSINESS DAILY

France defends deficit reduction delay in 2015 budget

Read more

IN THE PAPERS

'France is sinking!'

Read more

WEB NEWS

Global support pours in for Hong Kong protesters

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

2014-10-01 debt

'France is sinking!'

FRENCH PAPERS - Weds. 01.10.14: Papers focus on the economy and French debt which has officially reached 2 trillion euros. According to Le Figaro, "France is sinking". France's...

Read more

2014-09-29 Hong Kong

Hong Kong Protesters Defy Beijing, Police Reply with Tear Gas

Live from the newsroom, Oliver Farry provides an overview of the world's newspaper headlines.

Read more

2014-09-29 France

Setback for French Socialists in Senate Elections

Live from the newsroom, FRANCE24's Oliver Farry provides an overview of today's French newspaper headlines.

Read more

2014-09-26 David Cameron

You can now smell like a revolution

INTERNATIONAL PAPERS - Fri. 26.09.14: British papers focus whether the UK should join the US-led airstrikes on the Islamic State Group in Iraq. Patrick Cockburn from the...

Read more

2014-09-26 Muslims

Should French Muslims publically disown radical Islam

FRENCH PAPERS - Fri. 26.09.14: Still a lot of emotion in the press following the beheading of French hostage Hervé Gourdel by a radical Algerian group allied with the Islamic...

Read more