The Cali Cartel: New Kings of Coke

To their admirers, they are Horatio Alger heroes, poor boys who worked their way out of the slums and backwaters of the Cauca Valley. Onetime delinquent Jose Santacruz Londono studied engineering, went into construction and emerged as Don Chepe, a billionaire whose marble citadel looms high above the sugarcane fields of Cali, the country’s third largest city.

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Obama: World failing to deal with challenges

President Obama said Wednesday that the nations of the world are failing to work together to confront the most pressing challenges of today. “Now is the time for all of us to take our share of responsibility for a global response to global challenges,” Obama said, in his first speech as president to the U.N

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Bank sees Asia leading global recovery

Asia is set to lead the world out of the global financial crisis in spite of the slow recovery in the US and Europe, according to the latest forecasts by the Asian Development Bank. In a dramatic contrast to its view in March, when it slashed 2009 growth forecasts for Asia excluding Japan from 7.2 per cent to 3.4 per cent, the ADB on Tuesday said the region would grow more strongly than expected both this year and in 2010.

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