On a day of long speeches in the plenary and loud protests outside, the Danish president of the UN climate talks here told developing countries that progress on the Kyoto Protocol is unlikely here. There may not be any post-2012 commitment of emission cuts by rich nations under the Protocol coming out of Copenhagen. Outside, protesters and police scuffled as an attempt to break through the barricades of the Bella Centre,...

Business lobbyists complain that a regulatory tsunami is on its way. But some firms are embracing the proposed reforms “WHEN people hear the word regulation, they feel stifled, delayed, and many times they believe that government is being intrusive,” said Hilda Solis, America’s labour secretary, on December 7th as she unveiled plans for 90 new regulatory initiatives to improve the lot of workers. If you doubt her word, try mentioning regulation...

A full decade ago, Chandrababu Naidu made a point about the quick issuance of driving licences, and easy digital access to land records and house tax calculations — which he showcased to Bill Clinton when the then US president came visiting. Since then, all of Karnataka has digitised its land records through the Bhoomi project that now has a database on 20 million land holdings. Other states have similar projects....

Paul A. Samuelson, the first American Nobel laureate in economics and the foremost academic economist of the 20th century, died Sunday at his home in Belmont, Mass. He was 94. His death was announced by the Massachusetts Institute of Technology, which Samuelson helped build into one of the world’s great centres of graduate education in economics. In receiving the Nobel Prize in 1970, Samuelson was credited with transforming his discipline...

Corporate governance codes work only where firms believe working in a legal, ethical and transparent fashion also means good business. It is not in dispute that good corporate governance is all about commitment of a company to run its businesses in a legal, ethical and transparent manner, and that the tone must be set at the top. But are companies in India convinced that good business is all about good corporate...