The latest twist in the US housing-finance crisis saw the government pledging support for Fannie Mae and Freddie Mac after their shares tumbled, with derivatives traders treating the mortgage guarantors, ranked Aaa by credit-rating companies, as if they are rated
US consumer prices have gained sevenfold since 1967, and wages have climbed by exactly the same amount. In other words, per hour earnings have not increased a single penny. No wonder you can't afford to buy a new car -
Privately owned coal mines may be among the beneficiaries of the earthquake that shattered China's Sichuan province in May as the disaster has prompted a critical new look at ambitious nuclear and hydro development plans.
China's United Nations veto preventing sanctions against Zimbabwean President Robert Mugabe's regime is the flip side of Beijing's determination to maintain access to the country's rich resources, ranging from platinum and chromium to tobacco. - Peter Navarro
The refusal of leaders of the top industrialized countries to publicly acknowledge the basic reason for soaring oil and food prices will usher in worsening inflation, a faster decline in real incomes and more hardship for the world's poor. -
Nearly 40 years after Hong Kong signed an international covenant against racial discrimination it has passed anti-racism legislation. The bill is as noteworthy for what it leaves out as for what it includes, the biggest complaint being that the government
Now that Vietnam has taken over the presidency of the United Nations Security Council, closer attention should be paid to its violations of religious freedom, such as Hanoi's warnings to Buddhist leaders not to turn the funeral of the 87-year-old
Republican Senator John McCain's surrogates Phil Gramm and Carly Fiorina made controversial remarks last week as the United States presidential race gathered speed. But the real problem for McCain isn't what they said. - Muhammad Cohen (Jul 14, '08)
Recent court rulings have shaken the coalition government of Prime Minister Samak Sundaravej and created a "new power equation" in Thailand's fragile democracy. The emboldened judiciary has delivered tough verdicts against the politically powerful, raising expectations about checks and balances
The invention of gadgets that show us which neurons light up when we think happy thoughts has convinced some secular thinkers that they have found the solution to a problem unsolved by thousands of years of philosophical speculation. (Jul 14,
The bombing of a wedding party in Afghanistan on July 6 brings to five the number of such gatherings hit by United States air power since 2001, including in Iraq, with cumulatively hundreds of dead and wounded. - Tom Engelhardt
After waiting for its chance for years, in a matter of minutes at the weekend Syria resumed diplomatic ties with Lebanon and France and made it abundantly clear that Damascus is central to solving most problems in the Middle East.
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