Last summer, China and the developing world announced the price for their cooperation on a global-warming treaty: up to 1% of the developed world’s gross domestic product. For the U.S., this would mean sending $140 billion a year to China, Iran, North Korea and Cuba, among other countries. This is in addition to the $28 […]
Terror strikes assaults on values of our country: Prez
Noting that there was greater appreciation in the international community of the threat that exists to the region and the world from the terror emanating from Pakistan, government on Thursday said it would protect the people of the country from such acts of violence. In her customary address to the joint sitting of Parliament, President […]
Saving Strategies and some concepts behind it
Savings are good. But what’s the best way to do with them? How can you start saving? It all starts with budgeting which is in another category here in Ciao, but let me fire away by giving an overall understanding of a few concepts. What is wealth? The best way to define wealth as prescribed […]
Madagascar: South Korean Land Deal Sparks Controversy
Posted by Lova Rakotomalala South Korea has just leased half of all the arable land in Madagascar according to the Financial Times. This has stirred quite a debate in the Malagasy blogosphere about land sovereignty and economic development. It is still unclear whether the land deal has actually been signed by both parties. Meanwhile, bloggers […]
In Second Try, House Approves Bailout
House Passes Bailout The House voted in favor of a revised $700 billion bailout plan Friday, capping a tumultuous week on Capitol Hill. The House of Representative voted Friday afternoon to pass the bailout bill, following Wednesday’s approval by the Senate. In a 263-171 vote, the Democrats had 172 yeas to 63 nays, and […]
Ohio Jobless Rate at 15-Year High; McCain Plan May Kill 8,000 More
Ohio got some bad economic news. The state lost more than 11,000 jobs in July, and the unemployment rate has worsened to 7.2 percent—the highest in Ohio since December 1992. Ohio may take an additional major job hit if DHL Express is allowed to close its air freight facility in Wilmington, where more than 8,000 people […]
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