Don't miss

Replay


LATEST SHOWS

ACCESS ASIA

India: The dangers of working in leather factories

Read more

THE INTERVIEW

Former CIA agent: Women terrorists are 'probably the wave of the future'

Read more

IN THE PAPERS

'The first debate featured an unprepared man repeatedly shouting over a highly prepared woman'

Read more

IN THE PAPERS

'Who won the debate?'

Read more

BUSINESS DAILY

Markets hand debate victory to Clinton

Read more

MEDIAWATCH

Anticipating the debate

Read more

EYE ON AFRICA

Abubakar Shekau says he is still leading Boko Haram

Read more

THE DEBATE

Peace at last? Colombia, FARC rebels sign historic agreement (part 1)

Read more

THE DEBATE

Peace at last? Colombia, FARC rebels sign historic agreement (part 2)

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

2016-09-27 Hillary Clinton

'The first debate featured an unprepared man repeatedly shouting over a highly prepared woman'

INTERNATIONAL PAPERS - Tues. 27.09.16: US papers focus on who won the first presidential debate between Hillary Clinton and Donald Trump. Most analysts tend to think Clinton won...

Read more

2016-09-27 Hillary Clinton

'Who won the debate?'

FRENCH PAPERS - Tues. 27.09.16. We start this French press review with a quick spin through the US media and reactions to the first presidential debate. Here in France, 15...

Read more

2016-09-26 Russia

‘Grozny 1999 – Aleppo 2016’

INTERNATIONAL PAPERS 26.09.16: As the Syrian regime – backed by Russia – ramps up its attack on Aleppo, one picture of the devastation has come to define a bloody weekend....

Read more

2016-09-26 Donald Trump

Trump and Clinton: 'It's all to play for'

FRENCH PAPERS 26.09.16: Clinton and Trump's upcoming TV debate dominates the front pages - for Les Echos the presidential race is a 'battle that's consuming America'. Also making...

Read more

2016-09-23 US police shooting

Fatal shooting shakes Charlotte's self-image

INTERNATIONAL PAPERS - Fri. 23.09.16: The city of Charlotte, in North Carolina, is in the spotlight today. The city has become the scene of protests and unrest following the...

Read more