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Software whizzes behind export rise
ISTANBUL - The young masterminds of Turkish software engineering create miracles in regional exports, crunching away the codes in all circumstances. They sometimes cannot go home for days and rarely sleep, but thanks to their work, the sector has reached an annual volume of $1.5 billion. Today, a handful of innovative companies export Turkish-made software to dozens of countries
Reform
Talking with an eminent journalist, the chief judge of the Constitutional Court has reportedly asked, "What’s going on regarding constitutional amendments?" The chief judge was apparently not expecting the journalist to answer the question as he himself answered it by saying, "As much as the content of a constitutional amendment, how an amendment is made is very important."
Crisis enters twilight zone, say economists
PARIS - Global companies continue to post losses or diminished profits, but analysts at Citigroup say the world economy has effectively entered the ’twilight zone,’ in the sense that positive and negative data will go together for some period. ’We still do not expect corporate earnings cycle to bottom out for another year,’ they say
I warned you, boss!
About a year ago Prime Minister Recep Tayyip Erdoğan devoted half an hour of his parliamentary speech to threatening "that media group" that he claimed was covering the controversy around the Islamic turban in a "wicked way." It was the same media group that also publishes this newspaper.
Find your own solution
Maybe we did a first in the history of the United States. The best eye-opener about the impact of the economic crisis was the servile attitude of shopkeepers who once looked down their noses at us. They were even willing to bargain. When we went inside this shop, which is close to Times Square, one snowy New York evening Imam, the Bangladeshi guy, cut off $30 from the price of a suitcase I bought.
China slowing down as Japanese exports tumble
BEIJING - The notion that Asia’s strong nations could be spared from the global crisis is buried to the ground, as data from China and Japan point to gloomy days ahead. China’s economic growth slows down to 6.8 percent in the last quarter of 2008, while Japan’s exports fall 35 percent in December
Frozen ports sign of gloomy months
LOS ANGELES - As banks refrain from distributing credits and try to counter possible emergencies, access to trade credit becomes scarce. This, in turn, hits trade. Idle ports around the globa, from Long Beach, California to Maputo in Mozambique, show how quickly the collapse in trade can spread.
Shipbuilders take on water in crisis
ISTANBUL – Turkey’s shipbuilding industry has been experiencing a serious decline in production over the last four months. Erkan Selah, a leading figure of the industry, says the ‘shipyards crisis’ is due to the controversy over fatal workplace accidents in Tuzla and not the global crisis
Caught in the prime minister’s riptide
Honored at an international conference on working women last week, the prime minister chose a less than elegant moment to refer to a system that would ensure female political participation as "condemning women to men" "Women would be able to enter Parliament after men grant it; this cannot be," he said.
U.S. slump may be the worst in three decades
WASHINGTON - The slowdown in the U.S. economy may be the longest in three decades, asurvey of 59 economists suggests. As banks reduce loans, household spending declines and employers are expected to keep cutting payrolls. Already 1.2 million jobs have been lost this year, and many, including president-elect Barack Obama, think a second stimulus package is needed.
U.S. slump may be the worst in three decades
WASHINGTON - The slowdown in the U.S. economy may be the longest in three decades, asurvey of 59 economists suggests. As banks reduce loans, household spending declines and employers are expected to keep cutting payrolls. Already 1.2 million jobs have been lost this year, and many, including president-elect Barack Obama, think a second stimulus package is needed.
Turkey's largest media group refuses to bow to gov't pressure
The owner of Turkey's largest media group, Dogan Group, said the government is attempting to blackmail the company, adding if they want the group to submit, that is not going to happen. Erdogan's remarks brought the risks to freedom of expression to the agenda again, said the Turkish Journalists Association (TGC). (UPDATED)
Turkey's top NGOs call everybody to take a step back to reduce tension
Seven of Turkey’s leading non-governmental organizations issued a statement on Wednesday calling for a scaling back of political tensions, warning that the nation is at risk of being polarized. The NGOs, who represent almost 50 million people, called everybody "to take a step back from their recent positions". Turkish PM Erdogan said on Wednesday he agreed with the content of the call, and he was pleased with it. (UPDATED)
