Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

France 24 meets George Weah ahead of inauguration

Read more

MEDIAWATCH

Gymnast's fierce courtroom address

Read more

THE DEBATE

A whole new world: Trump anniversary special

Read more

#TECH 24

Will artificial intelligence ever surpass the human brain?

Read more

FRANCE IN FOCUS

Aiding migrants in France: What are the legal implications?

Read more

FOCUS

The challenge of clearing Colombia of landmines

Read more

REVISITED

Video: Gambians reflect on first year of democracy

Read more

FASHION

Pitti Uomo in Florence, the world's largest men's fashion showcase

Read more

ENCORE!

Award-winning Filipino filmmaker Brillante Mendoza on keeping it real

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

2018-01-19 Boris Johnson

'Boris Johnson wants to build a giant bridge from England to France'

INTERNATIONAL PAPERS - Fri. 19.01.18: We take a look at how the French press are covering the first anniversary of Donald Trump's anniversary and how, according to Liberation,...

Read more

2018-01-18 Emmanuel Macron

'And the winner is'... Trump awards Fake News to CNN, New York Times

IN THE WORLD PAPERS - Thursday, January 18: Emmanuel Macron meets Theresa May for the latest in a long line of tense but cordial Franco-British summits. Also, the press reacts to...

Read more

2018-01-18 France

Cop-out or ecological victory? France scraps plans for controversial airport

IN THE FRENCH PAPERS - Thursday, January 18: The French government scraps plans for a controversial airport that's been the source of conflict between previous governments and...

Read more

2018-01-17 Rohingya

Actor Aziz Ansari accused of sexual assault, but is it just 'revenge porn'?

IN THE WORLD PAPERS - Wednesday, January 17: We look at reaction to the repatriation deal that sees Bangladesh sending Rohingya people back to Burma. Also, after Aziz Ansari is...

Read more

2018-01-16 France

Irony? Lebanon bans Steven Spielberg's film about censorship

IN THE WORLD PAPERS - Tuesday, January 16: Emmanuel Macron is in Calais to discuss his controversial policy on French asylum. Pope Francis heads to Chile and Peru amid...

Read more