Britain’s prime minister Gordon Brown and chancellor Alistair Darling were left reeling last night after the astonishing disclosure that the personal data of 25 million people and 7.25 million families across the UK has been lost. The Metropolitan Police are now leading the search for two disks containing details of the UK’s entire child benefits […]
South Africa ‘spooked’ by World Cup cost
SOUTH Africa’s preparations to host the 2010 soccer World Cup could cost up to 20 per cent more than budgeted due in part to rising steel and cement prices, the country’s deputy finance minister said. In a briefing in Pretoria, Deputy Minister of Finance Jabu Moleketi said officials in the nine cities due to host […]
World finance leaders gather in South Africa
Finance ministers and central bank governors from the world’s largest economies gather in Kleinmond in the southern Cape this weekend for a meeting of the Group of 20 (G20) countries. It is the first time the event — described by Finance Minister Trevor Manuel as probably the most significant gathering of economic policymakers seen to […]
THE WORLD BANK’S INSIDIOUS WAYS
The World Bank works under IMF guidelines, which are dictated by the US Treasury Department. Over the past three decades especially, the IMF and the World Bank have run a powerful “creditors’ cartel”. Developing countries that do not meet the IMF’s conditions will generally not get credit from the much larger World Bank. These conditions […]
The Real Impact Of Sanctions Against Iran Differs From The Political Impact
Talks between International Atomic Energy Agency officials and Iranian nuclear negotiators stretched out over several days this past week. At the same time, efforts among European countries and the US to devise their own or new sanctions against Iran also continued. The implications of the European initiative to devise its own sanctions against Iran are difficult to estimate […]
The United States Introduces New $5, $100 Notes 2008
The U.S. government has digitally unveiled a new, more secure design for the $5 bill that will be issued and enter circulation in early 2008. A new $100 bill will follow. This is the first time in history that U.S. paper money has ever been unveiled entirely online. Similar to recently redesigned $10, $20 and $50 bills, […]