Washington

Farm Wages Trip Beijing's March Against Inflation

 By ANDREW BATSON

BEIJING—To combat a surge in food prices that is worrying consumers and economists, China's government is reining in bank lending and selling down reserves of grain. But there is one driver of higher food prices that will be harder to get under control: the steady rise in the wages paid to workers on and off the farm.

Re-election of Iranian leader a charade, rival says


Mahmoud Ahmadinejad's main rival vowed yesterday he would not surrender to "this dangerous charade" after the hardline Iranian president was re-elected by a huge margin.

Mr Ahmadinejad's victory over Mir Hossein Mousavi, a moderate former prime minister, upset widespread expectations that the race would at least go to a second round.

Interior Minister Sadeq Mahsouli said Mr Ahmadinejad won 62.6 per cent of the vote and Mr Mousavi 33.75 per cent. Turnout was a record 85 per cent.

Cracks open in deal to save the planet

It could save the rainforests of Borneo, slow climate change and the international community backs it. But a plan to pay tropical countries not to chop down trees risks being discredited by opportunists even before it starts.

A forest carbon market is emerging in anticipation of a UN climate deal in December in Copenhagen, expected to allow rich countries to pay to protect rainforests as a cheap alternative to cutting their own greenhouse gases.

What did I say then?

How investment banks shape up after crisis (1 year 7 weeks ago):

By Megan Murphy, Justin Baer, Francesco Guerrera, Patrick Jenkins, Jeremy Grant, Martin Arnold an...

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