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World Economy

What's Next for Iceland: Ensuring a Fair Election in May

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

Our only hope now is a peaceful transition from a corrupt plutocracy to the responsible liberal democracy we had fooled ourselves into believing we already had.

Iceland Is Burning -- Day 2

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

The extensive protests that shook Iceland Tuesday have continued into Wednesday and are beginning to have an effect on one of the two political parties making up Iceland's coalition government.

Pope Appeals For "Authentic Solidarity" To Stop Global Ruin

AP | FRANCES D'EMILIO | Posted 05.25.2011 | World

VATICAN CITY — Pope Benedict XVI urged a world confronting a financial crisis, conflict, and increasing poverty not to lose hope at Christmas, b...

Russian Oligarchs Losing A Ton In Financial Meltdown (SLIDESHOW)

Business Sheet | Kamelia Angelova | Posted 05.25.2011 | Business

In the past decade, while you were trying to survive the dotcom collapse and $4 gas, commodity-owning Russia was getting rich (well, some Russians, an...

World leaders at economic summit vow to cooperate

AP | JENNIFER LOVEN | Posted 05.25.2011 | Business

WASHINGTON — World leaders battling a dire and deepening economic crisis vowed Saturday to cooperate more closely, keep a sharper eye out for re...

The New Africa, the New America

Alan Patricof | Posted 05.25.2011 | Business
Alan Patricof

After Obama's win, in Kenya, unlike when I last visited, there no heavy debates, but constructive dialogue about America resuming the role of leading the world.

Does Travel Really Matter Anyway?

Kim Mance | Posted 11.17.2011 | Healthy Living
Kim Mance

Travel activates parts of ourselves that might otherwise remain dormant; it also relieves fears, and promotes understanding.

Muhammad Yunus and the Financial Crisis: The Human Element

Vivian Norris | Posted 05.25.2011 | Business
Vivian Norris

Perhaps the silver lining in this financial crisis is that we will start focusing on the human part of how we will build a more sustainable future.

Japan PM: "Harsh Storm" Threatens Global Economy

Reuters | Burton Frierson and Christian Plumb | Posted 05.25.2011 | Business

The U.S. economy contracted in the third quarter as the financial crisis raged, while Japan and Germany said they would spend billions of dollars to p...

World markets rally, led by Latam, Asia

AP | PAN PYLAS | Posted 05.25.2011 | Business

LONDON — World stock markets were stronger Thursday led by sharp rallies in Asia and Latin America after the U.S. Federal Reserve said it would ...

Are We Rome? Naaah.

Billy Kimball | Posted 05.25.2011 | Politics
Billy Kimball

It appeals to my vanity to believe, as Maureen Dowd and Sarah Palin do, that we are living in the End of Days; but the facts suggest that the American Century may very well give way to the American Millennium.

Asian stocks extend gains after Wall Street rally

AP | JEREMIAH MARQUEZ | Posted 05.25.2011 | Business

HONG KONG — Asian stock markets extended a global rally Wednesday after an overnight surge on Wall Street as investors awaited possible interest...

World markets dodge another day of sharp losses

AP | CARLO PIOVANO | Posted 05.25.2011 | Business

LONDON — World stocks took another beating Monday, although some markets showed resilience by bouncing off session lows, as global economic gloo...

Anger Management

Sheri and Allan Rivlin | Posted 05.25.2011 | Politics
Sheri and Allan Rivlin

The level of anger nearly always rises in the closing weeks of a national election. Elections are hard fought. But this year, the financial crisis is adding a whole new level.

World markets slump on recession fears

AP | CARLO PIOVANO | Posted 05.25.2011 | Business

LONDON — World stock markets tumbled Friday on growing alarm that a global recession will ravage corporate profits and push smaller developing e...

Greed and Growth: New Priorities for a Stable Future

Jessica Catto | Posted 05.25.2011 | Green
Jessica Catto

What we need is a new attitude toward world wealth and what constitutes it. Not an easy task. The world is intermeshed as never before.

Australia's ANZ Bank's profit drops 21 percent

AP | KRISTEN GELINEAU | Posted 05.25.2011 | Business

SYDNEY, Australia — Australia & New Zealand Banking Group Ltd. reported a 21 percent decline in annual profit Thursday as soaring charges for ba...

Brazilian Stock Market Halts Trading As Bovespa Index Plummets (PHOTOS)

AFP | Posted 05.25.2011 | Business

SAO PAULO (AFP) - Trading on Brazil's stockmarket, the biggest in Latin America, was automatically suspended Wednesday when the main Bovespa index plu...

Don't Kill the Planet in the Name of Saving the Economy

Johann Hari | Posted 05.25.2011 | Green
Johann Hari

To get out of the credit crunch, we need a big package of job creation and economic stimulus. To get out of the climate crunch, we need an army of millions of new workers -- and billions in public spending.

The International Fight Over The Future Of Capitalism

Wall Street Journal | John D. McKinnon | Posted 05.25.2011 | Business

WASHINGTON -- A planned international summit on the financial crisis is turning into a debate over the future shape of capitalism, with European leade...

Dow ends up 401 in another stunning U-turn

AP | ELLEN SIMON | Posted 05.25.2011 | Business

NEW YORK — A stock market as difficult to fathom as it is volatile pulled off another stunning U-turn on Thursday, transforming a 380-point loss...

Asian markets tumble; Nikkei falls 10 percent

AP | JEREMIAH MARQUEZ | Posted 05.25.2011 | Business

HONG KONG — Asian stocks plummeted Thursday, with Tokyo's market plunging more than 10 percent, after another dive on Wall Street as worse-than-...

British banks to get cash infusion from government

AP | JANE WARDELL | Posted 05.25.2011 | Business

LONDON — The British government injected an unprecedented 37 billion pounds ($63 billion) into some of the country's leading banks Monday to avo...

Iceland Looks For Overseas Help In Dire Financial Crisis

Reuters | Posted 05.25.2011 | Business

REYKJAVIK (Reuters) - Iceland looked for help from new partners on Monday to dig it out of a crisis that has overwhelmed its once-flourishing financia...

No Guarantees That Credit Will Flow After Global Meetings

New York Times | Floyd Norris | Posted 05.25.2011 | Business

At the end of a weekend when nearly all of the world's major bankers and finance ministers gathered in Washington to stanch the global credit crisis, ...