EVERYTHING DEPENDS ON WHAT YOU MEAN BY NORMAL Plus ça change, plus c’est la même chose. Jean-Baptiste Alphonse Karr Paris. June 26-30 Iddhis Bing Say what you will about the pasty-faced Bourbons – one of whose descendants sits on the Spanish throne these days – they knew how to build an […]
Greece 53.5% Debt Write-down: Nigeria and Africa can do better
http://afripol.org/ Nigeria received 18 percent write-down on her 2006 debt payment, Greece received 53.5 percent History was made when the highly indebted Greece received 53.5 percent write down restructuring on her initial debt deal from its sovereign bondholders. The struggling southern European nation "Greece implemented the biggest debt write-down in history … swapping the bulk […]
Iceland Nationalizes Third Major Bank, Halts Stock Trading
In a move to prevent its teetering economy from falling into bankruptcy, Iceland ceased all trading on its stock exchange until Monday, and took over Kaupthing, the country’s largest bank. Awash in Red On Thursday, Kaupthing, Iceland’s largest bank, became the third of the country’s top three banks to be taken over by Iceland’s Financial […]
Haiti Is Starving
The last few days the media has been reporting on riots in Port au Prince, capital of the island Republic of Haiti, first Republic in the world founded and administered by its black native population in January 1804. The slogan of the French Revolutionary government, Liberty, Equality, Fraternity was extended to the former slave colony. […]