Iran has reportedly replied to Security Council requests with a new package of proposals designed to avoid a new round of sanctions over its nuclear program even as the chief of the International Atomic Energy Agency has concluded that the U.N. has reached a stalemate with Iran and in the absence of a breakthrough it’s […]
Banks and credit unions have long pitched debit cards as a convenient and prudent way to buy. But a growing number are now allowing consumers to exceed their balances — for a hefty, some say, abusive, fee. Banks market it as overdraft protection, and the fees it generates have become an important stream of revenue fees for the banking industry. This year alone, banks are expected to bring in $27 billion by covering overdrafts on checking accounts, typically on debit card purchases or checks that exceed a customer’s balance.
Governments and religions around the world remain intensely interested in what women, but not so much what men, are wearing in public. On September 6, 2009 I wrote about the proposed parliamentary ban on the public wearing of the niqab in France. On September 8, media outlets lit up with discussions of the recent trial […]
I like it when things line up. Syzygy, they call it. What do Mongolia, Iraq, and Venezuela have in common? (Hint: it’s not oil.) It’s that they have all recently bumped into the sharp edge of resource reality. There is something about the discovery of valuable resources that make people and countries take leave of […]
Natural phenomena are causing severe conditions in many countries around the world, causing and in some cases, exacerbating, food shortages that are affecting large populations. The BBC reports that in Guatemala, President Alvaro Colom has sprung into action, declaring a “state of public calamity” and seeking to aid 54,000 Guatemalans whose access to food has […]
One of the scenarios that Gore discusses in “An Inconvenient Truth” is the triggering of a massive cooling in the Northern Hemisphere as a consequence of the altering of the “Great Ocean Conveyor.” NASA scientists, among others, have looked closely at this “chilling possibility.” The freezing of the North, the warming of the South, and […]
The U.S. Food and Drug Administration (FDA) has set up a new registry for food and animal feed companies to report any instance of contamination in their facilities, reports The Wall Street Journal. The incidence of several high profile cases of food-borne illness in the United States, especially in the last two years, have led […]
I discussed Mexico’s fiscal woes and compared them to Brazil’s in a previous post. Today, financial market analysts reacted positively to the Mexican government’s fiscal plan, set to limit the widening of the federal deficit in 2010. Like Barack Obama’s unwillingness to confront Congress on the cap-and-trade carbon emissions plan or health care reform, Felipe Calderon’s government once again skirted the […]
The US-Mexican boarder is nearly 2,000 miles long and is the worlds most crossed border, with some 250 million people crossings every year. Every year it is estimated that some 400,000 and 1 million people attempt to illegally cross US borders, all are in search of the promised land and a chance for a better […]
Brazil reportedly agreed to pay billions of dollars for 36 French fighter jets. The purchase follows the deal between France and Brazil in December to jointly build five submarines and France is also selling 50 military helicopters to Latin America’s rising power. The moves will help Brazil protect its borders and defend its valuable natural […]
Mexico still remains two notches above Brazil due to sticky credit ratings and the inability of the rating agencies to take dramatic action. Such dramatic rating action would suggest that rating agency analysts have been wrong for some time.
A recent story in The Guardian highlighted the ongoing abuses of police forces in Venezuela and the difficulties in bring about police reform. Increasingly, police in Venezuela act with complete impunity and growing brutality against criminals, their families, and anyone else caught in between. Stories of disappearances and false imprisonment by police, especially in Caracas, […]
When one thinks of child labor in the context of our American Labor Day Holiday or the International Day of Labor, otherwise known as May Day, the mind drifts back to images of the Industrial revolution of the 18th Century to children toiling in factories and mines in the UK and US. However the roots […]
The worst thing about knowing something you don’t really want to is having it confirmed over and over again. At a time where some of the wealthier nations are seeing the end of a financial crisis (France and Germany for instance) – the developing ones are scrambling to get desperately needed cash to fill their […]
The most interesting article I’ve come across recently concerns Morocco and the spread of Islamic radicalism. Although articles are being published practically every second on “Islamic radicals,” Steven Erlanger’s and Souad Mekhennet’s piece in the New York Times alerts readers to an element of the spread of radicalism that is often overlooked by foreign policy […]