A former professor of Barack Obama, Roberto Unger, has turned against his one-time student and publicly urged voters not to re-elect him and posted a video on YouTube detailing the reasons why. Throughout the last election, the prominent Brazilian politician was on the president’s speed dial, but now is urging American voters to turn away from the […]
British banking giant HSBC announced Wednesday that up to 1,200 employees may lose their jobs as the troubled banking sector continued to falter. The bank, which laid off 500 banking staff last December and 1,100 investment banking jobs in September, said operating conditions for banks in the UK were “extremely challenging” and were unlikely to improve for some time
Zimbabwe’s new finance minister Wednesday complained that President Robert Mugabe’s government is running on taxes and duties paid on beer and cigarettes. As he presented his revised 2009 budget to parliament, Finance Minister Tendai Biti noted that “indirect taxes made up of customs and excise duty have contributed 88 percent of government revenue, which means that the government has been literally sustained by beer and cigarettes.” “This is unacceptable,” the minister added.
Muscovites have a new way of greeting each other these days: “How’s the crisis?” It’s a rare person who gives a positive reply. The global economic meltdown is flattening Russia
Twenty years after revolution swept communism from Eastern Europe, the region is in the middle of another maelstrom.
Japan is grappling with its worst economic crisis since the end of World War II, the nation’s economic and fiscal policy minister said Monday.