The economic downturn has claimed many victims: individual citizens, corporations, countries and potentially entire monetary unions (such as Greece in the euro). Iceland is no stranger to economic hardship, becoming the first nation to declare sovereign bankruptcy in years when it did so in 2008. In order to jumpstart the economy, use of the loonie […]
Read MoreDefense strategist Li Xiaojun advocated that Australia choose a ‘godfather’ between the United States and the People’s Republic of China, calling Australia’s close military alliance with the U.S. a throwback to the Cold War era. Australian Foreign Minister Bob Carr met with his counterpart and future Chinese Premier Li Keqiang in Australia to celebrate 40 […]
Read MoreFrancois Hollande, fresh off of his victory over former French President Nicolas Sarkozy, declared during the campaign that the ‘world of finance’ is his enemy and now he has a chance to make good on his promises to dilute the power of the financial sector in French politics. Among his proposals include increasing taxes on […]
Read More