Two of the most reliable news sources in the Middle East, Haaretz and Al Jazeera, are both reporting this morning that Israeli forces have attacked a Turkish aid flotilla headed for Gaza. At least 10 activists have been killed and scores wounded, although reports are currently varying on the exact number.
Like many South Koreans, Choi Byung-wook said he felt outrage over the North Korean attack that sank the warship Cheonan and killed 46 sailors.
But he also said that he did not expect the hostilities to get any worse and that his nation must continue to engage the North.
“Inside, we are furious,” said Mr. Choi, 46, a government employee who shopped on a recent afternoon at a mall in this city just a few miles from the South’s heavily fortified border with North Korea.
Cabinet ministers from Canada’s Conservative government fanned out across the world recently to lobby against proposals for a global tax to cover the cost of bank bailouts.
Since 2008, the Conservative government in Canada has championed tight regulation, a position it had not previously embraced.
As a result, Canada’s banks were largely unaffected by the banking crisis of 2008,
and the Canadian government argues that any tax would unfairly penalize them.
It’s kind of hard to believe, but apparently the Republican wing of the House Committee on Oversight and Government Reform doesn’t too much like what the Securities and Exchange Commission [SEC] is – or isn’t – doing.
It’s hard to believe because RPBs seem to like ANY Federal agency – oh say, the Minerals Management Service –
that ISN’T doing a very good job overseeing whatever private sector activity they’re supposed to be watching.
Further ratcheting up the stakes in the fast-growing and intensely competitive Indian wireless market,
telecom companies bid nearly $11 billion for spectrum designated for high-speed data services.
The final tally of a frenzied monthlong auction concluded at nearly twice the amount that the government had expected,
a sum that many analysts had previously said might itself be too ambitious.
It’s been nearly three weeks since the shocking dive of equity markets on May 6,
and no one in the US is even pretending to know what actually happened, let alone why.
This may hardly be surprising in a country where the most likely largest environmental disaster in US history took the President two weeks to say much of anything,
Any way you look at it, extraordinary numbers of people are having trouble paying their mortgage.
What started as a subprime crisis, where borrowers defaulted because they could not handle the payments as their loans reset, has now become a crisis among prime borrowers, who lose the ability to pay their loans when they lose their jobs …
What is less clear is the extent to which the problem is getting worse, better or is simply holding its own.
25 May 2010. By David Caploe PhD, Chief Political Economist, EconomyWatch.com.
The US now starts the process of legislatively finalizing the finance “reform” bill.
As this painfully slow and agonizing march proceeds, here are five “guideposts” to make the whole thing easier to understand – even if you don’t “believe” some of the things that are happening.
On Friday, Thailand’s finance minister stood before a meeting of business leaders in Japan, the source of about a third of his country’s foreign investment, and delivered a sober assessment of the convulsions that had racked his beautiful nation.
“Ladies and gentlemen, this is not a ‘Welcome back to the Land of Smiles, let’s go shopping and invest in Thailand’ speech,” said the minister, Korn Chatikavanij.
