Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Trump's trip to Mexico and Dilma Rousseff impeached

Read more

THE DEBATE

Bitter Ouster: Brazil after Dilma Rousseff (part 1)

Read more

THE DEBATE

Bitter Ouster: Brazil after Dilma Rousseff (part 2)

Read more

FOCUS

Sleeping rough, a compulsory step for asylum seekers in Paris?

Read more

ENCORE!

Film show: 'Southside With You', 'Nocturama' and remembering Gene Wilder

Read more

MIDDLE EAST MATTERS

US voices concern over Turkey's offensive in Syria

Read more

THE INTERVIEW

‘Paris committed to Syrian peace,’ French FM tells FRANCE 24

Read more

IN THE PAPERS

Valls, Marianne and naked breasts

Read more

An overview of the stories making the French and international newspaper headlines. From Monday to Friday live 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

2016-08-31 Emmanuel Macron

Valls, Marianne and naked breasts

INTERNATIONAL PAPERS - Weds. 31.08.16: Papers around the world react to French Economy Minister Emmanuel Macron's shocking decision to leave the government. Also, Prime Minister...

Read more

2016-08-31 French politics

Macron (metaphorically) kills his father

FRENCH PAPERS - Weds. 31.08.16: One story dominates the papers today: Economy Minister Emmanuel Macron's decision to leave the government. His resignation comes as a major blow...

Read more

2016-08-30 Dilma Rousseff

Rousseff defends her track record

INTERNATIONAL PAPERS - Tues. 30.08.16: Suspended Brazilian President Dilma Rousseff is in the spotlight. Yesterday, she defended her record during a marathon session during her...

Read more

2016-08-30 French economy

More debates on the economy, not on the burkini

FRENCH PAPERS - Tues. 30.08.16: Business leaders are in the spotlight as they kick off their big annual meeting today. The two-day gathering comes at quite a particular time as...

Read more

2016-08-29 American football

Quarterback takes a stand by sitting down

INTERNATIONAL PAPERS – Mon. 29.08.16: Another big sports story is gripping the US media. San Francisco 49ers quarterback Colin Kaepernick draws supporters and detractors over his...

Read more