Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Trump: Fake News And Unnamed Sources

Read more

THE WORLD THIS WEEK

Trump Administration, Trukey Crackdown, French Presidential Race (part 1)

Read more

THE WORLD THIS WEEK

Trump Administration, Trukey Crackdown, French Presidential Race (part 2)

Read more

FRANCE IN FOCUS

Aux Champs-Elysées: The story behind France's most famous avenue

Read more

#TECH 24

Foosball gets its own social network

Read more

YOU ARE HERE

Inlays and veneers: The art of French cabinetmaking

Read more

PEOPLE & PROFIT

How should companies respond to a Trump Twitter attack?

Read more

#THE 51%

Trump abortion funding ban: Europe tries to fill the breach

Read more

REPORTERS

Video: India’s Kuki people, possible descendants of one of Israel's lost tribes

Read more

IN THE PAPERS

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.

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

2017-02-24 Syria

Xenophobic attacks in South Africa cause tension with Nigeria

INTERNATIONAL PAPERS - Fri. 24.02.17: Papers focus on the situation in Syria, where Turkish-backed troops have managed to recapture Al Bab, a major stronghold of the Islamic...

Read more

2017-02-24 François Bayrou

A cow named Fine, star of the Paris Agriculture Fair

FRENCH PAPERS - Fri. 24.02.17: Papers continue to react to an alliance in the political centre between François Bayrou from the MoDem party and Emmanuel Macron from the "En...

Read more

2017-02-23 Mexico

'Pineapple Pizza Tests Limits of Presidential Power in Iceland'

INTERNATIONAL PAPERS - Thurs. 23.02.17: US officials receive a "chilly" welcome in Mexico with tensions running high over immigration. Meanwhile, British papers wonder if their...

Read more

2017-02-23 François Bayrou

French papers react to alliance between centrists Macron and Bayrou

FRENCH PAPERS - Thurs. 23.02.17: Papers react to yesterday's surprise announcement of a centrist alliance between Emmanuel Macron and longstanding centrist politician François...

Read more

2017-02-22 Donald Trump

93 candles for Robert Mugabe

INTERNATIONAL PAPERS - Weds. 22.02.17: In the US, President Donald Trump directs his administration to enforce the nation’s immigration laws more aggressively, drawing mixed...

Read more