Ban Ki-Moon’s Marie-Antoinette Moment

Anybody know what to make of this kind of behavior at the United Nations?"People around the world may be tightening their belts, but at the United Nations in Geneva it was party time on Tuesday, with Secretary-General Ban Ki-Moon on hand to celebrate the new ceiling decor for...

Houston we have a "Credit" Problem, NASA Spending Spree

What Space Cases!  NASA Employees think its O.K. to use your money to buy toys."NASA employees have used government credit cards to ring up iPods, video games and even clothes from the agency's own gift shop,...

France approves immigration curbs

"The French National Assembly has passed a controversial bill tightening entry conditions for the relatives of immigrants living in France. Under the legislation, the relatives will have to prove they are solvent financially and can speak French. It also includes plans for...

France approves immigration curbs

French President Nicolas Sarkozy has outlined controversial plans to overhaul the pension benefits of half a million mainly public sector workers and announced more than 22,000 job cuts in the civil service in...

Massive Condom Recall in South Africa

Bribery and corruption appear to be at the heart of a scandal resulting in the recall of 12.5 million defective condoms, with nearly eight million left to collect from the public. The burning question here is, how...

U.S. freezes Iranian bank assets over missiles

"The Bush administration, tightening the financial vise on Tehran, moved today to block the assets of a major Iranian bank suspected of helping spread weapons of mass destruction. The action against Bank Sepah, Iran's fifth-largest state-owned financial institution, means...

Travel to Canada, Mexico is about to change with new passport rules

"Five years after the Sept. 11 terrorist attacks, the U.S. government is on the verge of implementing security-inspired changes to passports that will affect millions of international travelers. On Jan. 23, air travelers to and from Canada, Mexico and the Caribbean will for...

Holiday season may not be joyous for PC makers

"Computers may be the last thing left on the shelves this holiday season as the delayed release of Microsoft's Vista operating system, laptop battery recalls and other challenges dent U.S. sales, analysts said. Personal computer makers, such as Dell Inc. (Nasdaq:DELL - news)...

Press reports about Fed gave new batteries to the USD

Surprise, surprise. Just when I thought the market was going for a slumber today, it geared up for unexpected action instead. Today the US dollar rallied broadly and sharply against the other currencies. EUR/USD and GBP/USD suffered the biggest decline since more than a...

Police: `Noose tightening' on fugitive (AP)

" FREDONIA, N.Y. - A state police official said Monday that "the noose is tightening" in the manhunt for an escaped inmate accused of a deadly police ambush, and warned hunters to stay out of the woods where the fugitive may be hiding. Hunters in rural and wooded Chautauqua...

Japan ends zero-rate policy (FT.com)

" By Michiyo Nakamoto in Tokyo 2 hours, 1 minute ago The Bank of Japan sought to calm fears of a rapid tightening of monetary policy on Friday as it asserted its independence from political control and put an end to more than six years of zero interest rates. The central bank...

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