90% of World Bank Aid Money Consumed By Corruption

Credit Robert Zoellick for knowing how to put the best face on a profound embarrassment. On Friday, the World Bank president announced in a press release that the bank had “joined forces” with the government of India to “fight fraud and corruption” in that country’s health sector. This is happening at the same time that [...]

Mortgage Lenders Do Not Deserve to Be Rescued By Tax-Payers

The U.S. government is working to develop several different programs meant to stave off foreclosures. Although policymakers claim that these programs are for struggling mortgage borrowers, it is obvious that the real goal is to bail out mortgage lenders. The question is: do reckless lenders deserve to be rescued?
By Pat Summers
In [...]

Wholesale inflation soars highest amount in 26 years

Wholesale inflation shot up in 2007 by the largest amount in 26 years even though falling gasoline costs allowed price pressures to moderate in December.
The Labor Department reported that wholesale inflation was up 6.3 percent for all of 2007, reflecting a huge increase for the year in various types of energy costs ranging from gasoline [...]

End death by stoning, Iran urged

Amnesty International has urged Iran to drop from its penal code the punishment of death by stoning, a fate awaiting 11 convicted criminals, the group says. 
Stoning to death is a “horrific practice, designed to increase the suffering” of those condemned, the UK-based rights group says in a report.
The majority sentenced to [...]

Forget oil, the new global crisis is food

A new crisis is emerging, a global food catastrophe that will reach further and be more crippling than anything the world has ever seen. The credit crunch and the reverberations of soaring oil prices around the world will pale in comparison to what is about to transpire, Donald Coxe, global portfolio strategist at BMO Financial [...]