World News

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U.S. vultures circle Argentina, demand repayment of odious debt

The vulture funds bought up distressed debts from the past for pennies on the dollar; now they are demanding repayment of the whole original value, thus making a killing.

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Argentina Elections: Right wins presidency, struggle goes on

In a blow to the left, right wing candidate, Mauricio Macri, beat Daniel Scioli, the candidate of the ruling leftist Front, by 51.4 percent to 48.6 percent.

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A view of the Greek crisis from Germany

The debt crisis in Greece is only a vehicle to exploit the resources of the Greek nation.

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Behind London Olympics spectacular sports, a dark side

While the 2012 Summer Olympics bring athletes together in spectacles of sport, the Games will also bring crippling debt,  especially galling given the  latest austerity measures in the UK.

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Eurozone chiefs rage at Greek PM, global unions demand Robin Hood tax

The Greek people and eurozone leaders both seem to be furious at Greece Prime Minister George Papandreou's referendum announcement.

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Amidst massive strikes, Greek Parliament votes for austerity

Much of Greece was shut down Tuesday and Wednesday by a general strike by all major union federations, but parliament approved the general terms of a crushing austerity program.

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Cairo looks for debt relief

Egypt has cut its forecast for growth by almost half and has estimated that the unrest cost the nation about $1.7 billion, largely stemming from tourism losses.

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Haiti: Real development or cheap labor haven?

Haiti is forced to think about how reconstruction is to be approached with another disaster looming: Economists.

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Debt conflict riles Argentina

Argentina's  massive default on international debt repayments in 2002 has cut off foreign loan possibilities. The Fernandez government seeks once more to be able to borrow in order to fund social programs.