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Sudeep Jain provides a discussion of the policy tools India's new central bank chief, Raghuram Rajan, could use to stabilize the rupee. This includes, intervention in financial markets, sovereign bond issue, and further control of liquidity measures. The rupee stands at 61.80 to the U.S. dollar on August 6, 2013, after depreciating in 2012-2013.

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With Heathrow airport in London operating at 98% of capacity, Britain's government is considering two options- building a third runway expansion, or scrapping Heathrow and building a large new airport east of London. A commission will report on this by the end of of 2013. Passengers at UK airports are forecast to grow from 219 million passengers in 2011 to 315 million in 2030.

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Raghuram Rajan, former chief economist of the International Monetary Fund, is appointed the new chief of India's central bank in August 2013.

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At the time of Jeff Bezos's purchase of The Washington Post, three Post journalists write about his patient nurturing of business enterprises with long term investments. Jeff Bezos sees the future of journalism in reader access through internet based devices like the tablets now in use, with each family having multiple tablets. Bezos reads newspapers only on a tablet, and sees the current period as one of transition from the print medium to the internet, so that in 20 years the transition from print will be completed.

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Jeff Bezos's letter to employees of The Washington Post shows why Graham family members, Donald Graham and Katherine Weymouth, who own and run the newspaper, see Bezos as the right person to continue the family's legacy from 80 years of stewardship. Apart from saying he has known Donald Graham for over 10 years and knows no finer person, Bezos also said about the critical role journalism plays in a free society: "I would highlight two kinds of courage the Grahams have shown as owners that I hope to channel. The first is the courage to say wait, be sure, slow down, get another source. Real people and their reputations, livelihoods and families are at stake. The second is the courage to say follow the story, no matter the cost." Bezos also pointed out the major changes in the journalism field from the arrival of the internet. Changes he will now address as owner of the newspaper and one of the business pioneers in the field of internet retailing, starting with books and following this up with the Kindle reader. Bezos sees the changes coming from three sources: "shorter news cycles, eroding long-reliable revenue sources, and enabling new kinds of competition, some of which bear little or no news-gathering costs." His response will be to invent and experiment in new ways....

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After 80 years of ownership the Graham family will sell The Washington Post to Jeff Bezos, founder and CEO of Amazon, for $250 million in cash. Post publisher, Katherine Weymouth, says the main reason the paper agreed to sell to Bezos is the way he has patiently prepared and nurtured his business enterprises for the long term. Donald Graham said The Washington Post could have survived on its own, but could not have made the investments that Bezos could now make to strengthen the newspaper. Graham said: "The Post could have survived under the company's ownership and been profitable for the forseeable future. But we wanted to do more than survive."

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Profile of an American middle manager- Chris Toal in Massachusetts.

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The trial of Turkey's military officers, politicians and journalists, for an attempted military coup in Turkey under the elected Erdogan government.

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The New York Times agreed to sell the Boston Globe to local owners for $70 million in 2013. In 1993 the New York Times acquired The Boston Globe for $1.1 billion. The value of newspapers has plummeted in recent years as newspapers lost advertising revenue and readership declined. A result of the shift to the internet for access to news and information, especially for the younger generation. The Washington Post was sold to Jeff Bezos of Amazon.com for $250 million, with readership having declined to about 457,000 in 2013. Philadelphia newspapers were sold for $55 millon in 2012, after being acquired for $515 millon in 2006, having lost about 90% of the value in just 6 years. In Oct. 2012 The Tampa Tribune sold for only $9.5 million. Estimates for the newspaper properties of the Tribune Company are about $623 million, according to analysts. This includes The Los Angeles Times and The Chicago Tribune.

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Rached Ghannouchi of the Islamist Ennahda party, says the Tunisian model is to create a broad base of support by bringing together moderate Islamist parties and moderate secular parties. To do this Ghannouchi has promoted consensus in drafting a new constitution and a legal framework for elections. In contrast to Egyptian Islamist party leaders, Ennahda has agreed to lighter wording for Islam as the religion of Tunisia, the focus being on justice liberty and equality as Islamic values. In an intervew with Carlotta Gall of the NYT, Ghannouchi says it was not important that there is no mention of Shariah law or an Islamic state in the constitution. The assasination of Tunisian secular party leader Brahmi by extremists created a period of tension in Tunisia, and the Ennahda leader says he recognizes the need to work even harder for consensus based government.