Day: September 7, 2011

Children Who Sell Themselves

Source: The New York Times PATNA, INDIA — While investigating child labor in India last month for a book, I found myself in the northern state of Bihar, an established source of children for trafficking networks. Here, alongside the expected stories of abduction, I heard of another unexpected and heartbreaking […]

Climate Cycles Are Driving Wars, Says Study

Coutesty: The Earth Institute, Columbia University When El Niño Warmth Hits, Tropical Conflicts Double 2011-08-24 The long war leading to South Sudan’s recent independence began during the powerful El Niño drought of 1983. In continuing hostilities, southern fighters display a grenade launcher captured from northern Sudanese, July 2011. (Trevor Snapp/Global […]

U.S. Sues 17 Banks Over Mortgage Losses

Courtesy: NEW YORK (TheStreet) — The Federal Housing Finance Agency announced Friday afternoon that it had sued 17 large banks, alleging violations of federal securities laws in the sale of mortgage-backed securities to government-sponsored enterprises, including Fannie Mae (FNMA_), Freddie Mac (FMCC_). . Ally Financial, for $6 billion in […]

FAITH DEPOSIT-Creditworthy chant

Source:Times of India In Varanasi, the poorest are the most creditworthy for blessings. Open-ended credit is available without any legally-binding contracts;yet, the rate of default is less than one percent. Bankers maintain they’ve never had sleepless nights thinking about the liquidity risk they run;not even, ever, about bad debts or […]

Islam in Indonesia: A Scholar’s View

Jakarta Globe: Lydia Tomkiw Historian Michael Laffan’s new book explores the influences of trade, travel and traditions on the spread of Islam in Indonesia. Historian, author and professor Michael Laffan studied Indonesian in high school in Australia before going on to study Arabic in college. Laffan wanted to connect the […]

Campaigner for active neutrality bows out

by Armando Mombelli, Swiss President Micheline Calmy-Rey has officially announced her resignation, it emerged on Wednesday. During her years in government, Calmy-Rey’s style and actions have often spurred criticism, but Swiss diplomacy has gained in international visibility. The 66-year-old, who is also foreign minister, will not put herself up […]

Switzerland named most competitive country

Switzerland remains the most competitive country, according to the World Economic Forum’s Global Competitiveness Report for 2011-2012. The report, published on Wednesday, cited Switzerland’s technological capabilities and the effectiveness of its labour market as reasons for its good results in the overall rankings. It also said that Swiss scientific research […]