- Texas man arrested for powder-letter hoax
- Islamic State opens ‘marriage bureau’ for single jihadists
- Drone almost blocks California firefighting planes
- Tornado rips off roofs, downs trees near Boston
- GOP: Environmental rules keeping agents from accessing border
- John Kerry: Millions displaced by religious fighting in 2013
- Federal appeals court rules against Virginia’s gay marriage ban
- White House says Russia ‘losing’ war in Ukraine
- Hamas turns to North Korea for weapons deal, Iran for money
- Syrian casualties surge as jihadis consolidate
Latest World Bank Items
An adage holds that bureaucracies can pursue their original goals successfully only for a generation at most.
Europe's leaders on Tuesday decided to give another very expensive band-aid to Greece. The latest bailout will cost $170 billion and enable Greeks to borrow from one set of creditors to pay off another, while other private creditors agree to take a haircut.
Robert Zoellick's announcement that he would not seek another term as president of the World Bank has begun anew an old debate: Should an American continue to lead this institution?
World Bank President Robert Zoellick said Wednesday he is stepping down, raising the possibility that a non-American might be chosen for the first time to head the 187-nation lending organization.
The World Bank is pessimistic about global economic prospects. Last week, the bank's forecasters projected lower growth in the year ahead for both developing and developed countries. The European economy, wracked by the continuing debt crisis, is expected to shrink 0.3 percent.
Earlier this week I received an email from a Washington Times reader asking, "With a number of companies set to report their full year 2011 results in the next few weeks and Europe back in the news, what are you watching out for in the marketplace?"
The World Bank warned Wednesday of a possible slump in global economic growth and urged developing countries to prepare for shocks that could be more severe than the 2008 crisis.
With U.S. unemployment persistently and unacceptably high, President Obama and others from all political persuasions have voiced support once again for establishment of a new government-created institution that would provide loans and guarantees to finance U.S. infrastructure. They note Asia's continued economic growth and cite the region's - and particularly China's - tremendous investments in showcase infrastructure projects as reason enough to support greater government financing of infrastructure and development - and the jobs that come with such spending.
Even as she basks in praise from abroad after sharing the Nobel Peace Prize, President Ellen Johnson-Sirleaf is facing an election at home that she may lose.