World News

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Future of the BRICS

The BRICS group created a Shanghai-based development bank and a reserve fund to finance infrastructure projects and head off future economic crises.

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Greek unions hold 24-hour general strike against austerity

Transport grinds to a halt and schools close as thousands march through Athens in protest.

 

 

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Controversial new president inherits changing World Bank

Jim Yong Kim, the Korean-American president of Dartmouth College picked to lead the World Bank by President Obama, was confirmed today by a vote of the institution's 25-member executive board.

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Dominique Strauss-Kahn scandal has international repercussions

The case of Dominique Strauss-Kahn is widely seen  as another case of powerful and wealthy men thinking they have the right to sexually exploit women in subordinate positions.

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Debt conflict riles Argentina

Argentina's  massive default on international debt repayments in 2002 has cut off foreign loan possibilities. The Fernandez government seeks once more to be able to borrow in order to fund social programs.