- Country singer Tim McGraw not sorry for slapping female fan: ‘Things happen’
- Iraq vet cited for owning 14 therapeutic pet ducks
- White House takes credit for drop in unaccompanied children at border
- International crises be damned, Obama’s fundraising trip must go on
- Friend of bombing suspect Dzhokhar Tsarnaev found guilty of impeding probe
- Train with MH17 plane crash bodies leaves rebel town in Ukraine
- Half of Colorado voters are OK with Hobby Lobby decision, poll shows
- HIV-killing condom to soon hit shelves in Australia
- Estonia pulls plug on Steven Seagal over praise for Putin
- Lawyer: Pelvic exam pics cost Hopkins $190 million
Latest World Bank Items
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?
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.
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.
Some things just don't make any sense. Here's a prime example: Why is the Obama administration adding more debt onto the American taxpayer's back in order to provide more than $9 billion a year in loans to help a foreign country, Argentina, despite that country's continued disregard of U.S. and international law?