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A new generation dying in Somalia’s famine | World News Blog The UN’s statistics are appalling. Tens of thousands of dead Somali children, 3.7 million people in urgent need of help. The “f” word – famine – back in Somalia after a twenty year absence. Last time hundreds of thousands...

Condemning the whole population as lazy and corrupt I believe is too simplistic an explanation for Greek's problems.Although no one disputes their significant role in causing the crisis,one has to appreciate the historical and cultural factors that profoundly influence Greek citizenry's attitude...

Although its true Greeks generally work fewer hours and retire earlier than the rest of Europe,I think its unfair to pick on Greece as its economic problems are not unique but shared by much of Southern Europe. Many club med countries have historically been heavily indebted, with huge grey...

Greek cabinet approves austerity budget The Greek cabinet has approved a 2012-2015 austerity budget plan as well as laws for its application, a key condition for further EU-IMF help to tame its massive public debt, government sources said. The move came after the world's largest bond fund...

I think the OP is getting a bit carried away here..Simply put, US cannot default on its debt. The reason being that its the only country in the world that issues all its debt in its own currency i.e. USD. If it runs out of money, it`ll simply print a bit more Read the following to know why...

Precisely! Which is why I think the danger to the global economy is not from Greece defaulting, which it is bound to sooner or later, but in the EU providing a further bailout, thus kicking the can further down the tarmac.. With debts over 150% of GDP, an annual budget deficit of over 10% of...

RR, I was merely stating how the news was reported in the international media.It was not my intention to draw a comparison between Indian and Pakistani credit ratings S&P hands Greece world's lowest credit rating | Reuters.com S&P hands Greece world's lowest credit rating ATHENS/NEW...

Lol:cheesy:..I am not a rabid anti capitalist (in the Hugo Chavez mould) but rather a democratic capitalist appalled by the sort of crony capitalism being currently pursued by the West for the benefit of the banksters, especially since the the banking crisis of 2008. I believe the core...

Can you please explain what socialism and communism has to do with much of the Western world living beyond it means for far too long, thus causing the current economic crisis?? PS: I am not a socialist/communist

Greece crisis: Not Europe's Lehman (it could be worse) Eurozone finance ministers' overnight decision to withhold payment of 12bn euros (£10bn) of emergency loans to Greece, pending agreement by the Greek parliament on austerity measures and privatisations, would be rational and credible on the...

Spain: Madrid 'Euro-pact' protesters take to streets Tens of thousands of protesters have taken to the streets of Madrid and other Spanish cities in a mass march against austerity measures, social spending cuts and unemployment. Youth activists dubbed "the indignant" recently started a...

I`ve seen no mention of the Greek crisis on this forum despite it being the single biggest threat to the global economy currently. S & P recently cut Greece's credit ratings to the LOWEST IN THE WORLD, below those of Pakistan and Jamaica, an action which followed similar moves by other credit...

As already stated by others on many occasions previously, no one is defending the actions of LTTE. So now you are crediting bad boy America, which you consider the root of all evil judging by your previous posts, with saving lives through the murder of 200000 civilians in Hiroshima and Nagasaki...

Meanwhile the UK has demanded action from Sri Lanka and set a year end deadline. Although its not an international heavyweight anymore, the UK retains some nuisance value as a permanent member of the UNSC and could make life difficult for the Sri Lankans.. Fresh call for Sri Lanka war crimes...

As a Bangladeshi living in the US, you are forgiven for not being aware that Channel 4 news is one of the most respected media institutions in the UK , more so than Aunty Pravda aka BBC, and Jon Snow is unlikely to put his credibility built over decades on the line for a story if he wasn`t sure...

"All Indians (or insert any other religious/ethnic group of choice) are this..that"..this is exactly the slippery slope of collective demonisation I was referring to in my previous post. Patriot, all I can say is please try and develop some insight into how the tendency to denigrate a whole...

Watch the report and tell me how many of those lying dying in the bombed out hospitals or scurrying for cover under shell fire appear to be combatants? Or the 6 year old who had his arm and leg chopped off with a kitchen knife? Bet he was a child soldier, isn`t it? Or the newsreader who suffered...

Jana, I know this might be too much to ask of you but cast aside your prejudices for a bit and watch the channel 4 documentary on SL army's conduct during the war. There is a difference between the odd civilian casualty, however regrettable, in the theater of war and the systematic targeting of...

Hmm...so says MoD Sri Lanka. Who would have thought?? BTW, Channel 4 has addressed this accusation in their piece..

Rajapakshe had made up his mind and has uncle Sam's support..at the end of the day, nations have no permanent friends, only interests. I am sure the DMK leadership must have felt bitter about the whole thing but the collective interest of the party and the need to remain in government overruled...