New economic reports released Wednesday show that Latin America and the East Asian Tigers are lifting the world economic tide, showing more resilience to the global economic crisis than the United States and many European nations.Read more here: Click on this
Author: WHES
US warns China on currency policy
Treasury Secretary Timothy F. Geithner warned China on Wednesday that its resistance to currency reform risks undermining international economic growth and cooperation, and he called on other countries to join the United States in creating “an effective multilateral mechanism” to resolve the issue.
Generals in Pakistan push for shakeup of government
ISLAMABAD, Pakistan — The Pakistani military, angered by the inept handling of the country’s devastating floods and alarmed by a collapse of the economy, is pushing for a shake-up of the elected government, and in the longer term, even the removal of President Asif Ali Zardari and his top lieutenants.
North Koreans boost power of ruler’s kin
TOKYO — Kim Jong-il, North Korea’s supreme leader, took new steps on Tuesday to ensure that his family remains in charge after his death, but the biggest leadership shuffling in a generation has so far produced more political intrigue than signs of real change in North Korea, one of the world’s most isolated nations.
Egypt and thirsty neighbors are at odds over Nile
BATAMDA, Egypt — One place to begin to understand why this parched country has nearly ruptured relations with its upstream neighbors on the Nile is ankle-deep in mud in the cotton and maize fields of Mohammed Abdallah Sharkawi. The price he pays for the precious resource flooding his farm? Nothing.
India and China’s plans to dam rivers before they flow through Bangladesh could destroy nation’s agriculture
Ongoing wrangling over vital waterways that pass through China and India – the two most populous countries in the world – could lead to agricultural devastation further downstream in Bangladesh, experts warn.
Philippine workers overseas toil far from home, dream of their return to their country, and send home income representing 10 percent of the total Philippine national product
MABINI, the Philippines — Mediterranean-inspired, pastel-colored houses dot the coast and hills of this rural town in the Philippines, dwarfing their traditional counterparts made of unpainted concrete blocks under roofs of corrugated zinc. The larger houses, barely inhabited, many of them empty, belong to overseas workers who plan to return here one day.
World hunger dips, but not by much
Higher incomes in Asian countries have lowered the number of hungry in 2010, according to the UN’s Food and Agriculture Organization (FAO), but economists warn that volatile wheat prices are affecting other staple grains such as maize and rice, and could lead to setbacks.
Pakistan: What did you eat today?
For hundreds of thousands of Pakistanis forced by the floods to abandon their homes, food is a primary concern: some families have gone days without a meal.Frances Kennedy, a World Food Programme (WFP) spokesperson, told IRIN: “We are very concerned about the nutritional situation. About 2.8 million people have been reached, but there are others in need. Camps are crowded and people are sleeping on sides of the roads.”
Upstarts chip away at the power of Pakistani elite
MUZAFFARGARH, Pakistan — In Pakistan, where politics has long been a matter of pedigree, Jamshed Dasti is a mongrel. The scrappy son of an amateur wrestler, Mr. Dasti has clawed his way into Pakistan’s Parliament, beating the wealthy, landed families who have ruled here.
