Indian Rupee closes at 8-year low against dollar

Indian stock market climbed today on global cues. In the meantime India's rupee rose for the first time in four days on speculation steps by governments in Asia and Europe to bolster capital will spur demand for local assets. The rupee is likely to to fall to a record...

Indonesia stampede leaves 21 dead

During the pious month of Ramadan Poor Muslims are given donations under a system known as Zakat. Under this system wealthy muslims give a portion of their money to the poor every year.But this year the event turned into a stampede and the crush happened as people waited for...

The End of White Flight

"The End of White Flight For the First Time in Decades, Cities' Black Populations Lose Ground, Stirring Clashes Over Class, Culture and Even Ice Cream By CONOR DOUGHERTYJuly 19, 2008; Page A1 Decades of white flight transformed America's cities. That era is...

Zogby: Obama's National Lead 14%

"Barack Obama has surged past Hillary Clinton to open a big national lead in the Democratic presidential race, according to a Reuters/Zogby poll released on Wednesday. The poll showed Obama with a 14-point edge over Clinton, 52 percent to 38 percent, after being in a...

New home sales climb 3.4 percent in Nov.

"By MARTIN CRUTSINGER, AP Economics Writer 1 hour, 49 minutes ago WASHINGTON - Sales of new homes bounced back in November and have now posted increases in three of the past four months, a hopeful sign that this year's severe drop in housing may finally be coming to an end....