Links of the day, February 15

• What the World’s Leaders Did on their Winter Vacation: Nothing, by Mark Toma "Davos was an excellent opportunity to demonstrate unity and commitment to reforming the financial sector and reducing the chance of another crisis. Instead, however, participants at Davos failed to do any of this and simply revealed the growing divisions among nations. 
• This Financial Meltdown, and the Next One, by Harvard Magazine Niall Fergusson :" ... the decoupling of the West and the East—the ability of Asian nations, pursuing different economic policies, to rebound—had been the saving factor. This, he said, was a “profound” event, signaling the end of a 500-year period when “the West has dominated the rest.” 
• ПР будет больше давать денег населению, чтобы повысить внутренний спрос, Delo.ua  "В среднесрочной перспективе, по словам Азарова, необходимостью является снижение ставок налога на прибыль — с 25 до 20%, налога на добавленную стоимость — с 20 до 16%, налоговые каникулы для малого и среднего бизнеса, освобождение от налогообложения передовых технологий."