Libya’s Crisis: Bad News for Oil Prices, Economic Recovery

Even before its outcome is known, Libya’s uprising could leave an indelible mark on the world economy: oil prices have rocketed since Tuesday and could rise even further amid the continuing turmoil that has prompted thousands of foreign oil workers to flee. Libya’s oil output, typically 1.7 million barrels a day, has fallen by more than half since Tuesday, and its energy exports have ground to a complete halt

Share

Four E.U. Nations Stoke Fears of an Immigrant Flood

Immigration has always been a contentious issue in Europe. But these days, with enduring economic turmoil further fueling concerns over rising unemployment, European nations are especially sensitive about the prospect of foreigners taking jobs away from their citizens.

Share

PAKISTAN: Bhutto’s Sudden, Shabby End

A secret execution inspires revulsion and protest”If I am assassinated on the gallows, there will be turmoil and turbulence, conflict and conflagration.”—A death-cell prediction by former Prime Minister Zulfikar Ali BhuttoThe sputter of midnight traffic had given way to the long wait for dawn when the 1,400 inmates of Rawalpindi District Jail began to pray. Imperceptibly at first, their murmur grew as they recited from the Koran; the time for execution was approaching

Share

Tiger Woods is No. 2 as Westwood Takes Top Spot

Tiger Woods is No. 2 as Westwood Takes Top Spot he turmoil in his personal life has taken a toll on Tiger Woods. After a reign of more than five years as the world’s number one golfer, Woods has dropped to second behind a player who’s never won a major. CBS News correspondent Tony Guida […]

Share