Word: globalization
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Anyone believing the global economic crisis to be over should have taken a look around Europe this week. Desperate to revive his country's feeble economy, Irish Finance Minister Brian Lenihan promised $6 billion worth of savings in a budget aimed at taming the country's stubborn deficit. The plan is his second budget this year, and Ireland's harshest in decades. In a mini-budget announced a couple of hours earlier, Britain's Alistair Darling unveiled his government's latest plan to fix the U.K.'s broken economy, including a punitive tax on bankers' bonuses, a rise in social...
...example of a political élite that thought membership of the euro zone was a panacea," says Simon Tilford, chief economist at the Centre for European Reform in London, "you don't need to look further than Greece. They're in very serious trouble." (See pictures of the global economic crisis...
...Since his alleged training with LeT, has traveled frequently between Pakistan, India, the Middle East and the U.S. (Read "The Chicago Suspect: Are Pakistani Jihadis Going Global...
...Uganda. Among the recipients was Ssempa's Campus Alliance to Wipe Out AIDS, which runs abstinence programs. The Campus Alliance is a subpartner of the Inter-Religious Council of Uganda, which got $15 million from PEPFAR. Meanwhile, Langa's Family Life Network has received money from the U.N.-backed Global Fund to Fight AIDS, Tuberculosis and Malaria, an organization principally financed by contributions from the U.S. and Western European nations. Despite the controversy over the bill, churches that publicly support the legislation have received funding from PEPFAR and the Global Fund...
...Barack Obama before there was Obama. He is an Aymara Indian and former coca-growers union leader who won the presidential palace while still in his 40s, just decades after a time when Bolivians of his class and skin color weren't even allowed to vote. Morales hit the global stage with retro, Che Guevara-inspired leftist politics and colorful Aymara fashions. But the real question was whether he could actually govern and even improve South America's poorest and most volatile nation. (See the 10 worst dressed world leaders...