Iceland Repays Early Some Outstanding Obligations to the IMF
The early repayment is about one fourth (23 percent) of the SDR 1.4 billion (about US$ 2.1 billion) that Iceland borrowed from the IMF under its Stand-By Arrangement. The amounts repaid early are obligations falling due in 2013 and 2014 under the...
The Ruler Cannot Actually Measure Itself (Part 2)
Why Society Later Failed
Furtwängler himself has been a hero who did not fail, although, to a large degree, his European society has since failed enormously. The intrusion of the post-World War II, British-directed oligarchical tyranny, is to...
The Ruler Cannot Actually Measure Itself (Part 1)
The subject of the measurement of physical space-time, has been a source of mystery which has variously teased, occupied, tormented, and refreshed my thoughts, that done during seven decades of my adult life, up to the present moment. Now, although a...
US stocks rally led by banks
US stocks closed higher Friday after a huge sell-off in the previous session, boosted by the financial sector despite multiple credit ratings downgrades by Moody's.
Beyond the Arab uprisings: creating economic opportunities for women
EBRD funding highway to by-pass centre of St. Petersburg
The EBRD today committed to a loan of up to EUR 200 million to fund a section of a new toll road by-passing the historic centre of St. Petersburg. It thus joined four other banks in raising a total of nearly 59 billion roubles (equivalent to EUR 1.5...
Obama Urges Congress to Act on Transportation, Student Loans
U.S. President Barack Obama has urged Congress to reach an agreement on a transportation bill and take action to keep student loan interest rates from doubling.
Faster than expected pick up in UK retail sales
Improved weather condition, lower inflation and special sales promotion helped U.K. retail sales, including of...
Dutch court orders Apple to pay Samsung damages over patent infringement
A Netherlands court has ordered Apple to pay damages to rival Samsung for infringing a patent held by the Korean mobile maker.
Payout to workers, natural disasters see Toyota Australia post $32.6bn loss
Toyota, Australia's largest automotive brand, has posted $32.6 million loss for 2011-12, more than double its $13.2...
