Economic summit comes year after financial meltdown

As the leaders of the world’s industrial powers gather this week in Pittsburgh, Pennsylvania, their economies are starting to emerge from the shadow of the worst financial downturn since the Great Depression. A year ago, global markets were in free fall as governments moved to prop them up, sometimes nationalizing financial institutions and automakers.

Share

Even with a New Government, Conditions in Zimbabwe Worsen

Tatenda Majiri, 22, hoists a calabash of home-brewed beer with some authority while discussing news of the day. But he has no confidence in the future. The social work student says he has lost hope of going back to school because the government-owned University of Zimbabwe has been closed since last year.

Share

Mugabe rivals to lead battle to fix economy

Zimbabwean opposition leader Morgan Tsvangirai has picked his party’s secretary-general to hold the difficult and important post of finance minister, he said Tuesday. The announcement came as Tsvangirai announced which ministries his party will hold in a new unity government to be formed with President Robert Mugabe’s ZANU-PF party this week.

Share