In The News

Protests as Italy Expels Migrants

July 22, 2004
With its long coastline, Italy is one of most Europe’s most vulnerable countries in terms of illegal immigration. Largely African and Asian groups of migrants come via boat from places like Libya, where Italian officials believe up to 2 million more migrants may be waiting for transit into the European Union. In response to the influx of people, Italy put a tough anti-immigration law into...

A Global Power Shift in the Making

James F. Hoge, Jr. July 21, 2004
China has an economy that by 2010 will be double the size of Germany’s. Japan has fed off this growth to pull itself out of its 1990s economic malaise and enjoyed a real GDP growth rate of 6.4% in the last quarter of 2003. Elsewhere in Asia, the “tigers” have recovered from the 1997 financial crisis, and India’s economy is growing at 8% per year with some economists predicting that India could...

Latortue Leads Delegation Urgently Seeking Cash Aid

Michael A.W. Ottey July 20, 2004
Haiti's interim Prime Minister, Gerard Latortue, has asked for $924 million while at a two-day international donors conference that ends today at World Bank headquarters. Latortue says the money is part of an estimated $1.3 million necessary to get the country back on its feet after the fiscal mismanagement and political upheaval brought on by the administration and subsequent flight of...

Breaking for the Border

Salah Hemeid July 16, 2004
Some blame for the violence pervading war-torn Iraq rests in the hands of its neighbors, Iraqi officials claim. By facilitating or simply turning a blind eye to the religious militants who infiltrate Iraq in order to attack coalition and Iraqi forces, neighboring countries are undermining stabilization efforts. Iraq plans to step up pressure on its neighbors at an upcoming July 21 meeting in...

Manila's Iraq Pullout Due to Clout of Overseas Workers

Luz Baguioro July 16, 2004
Philippine President Gloria Arroyo faced a political conundrum of global proportions this week when deciding whether to pull troops from Iraq after Iraqi militants threatened to behead a Filipino truck driver. In deciding to withdraw troops from Iraq, the Philippines angered the United States, a country with whom military and trade connections are of the greatest importance. Arroyo's final...

Strategy for an Energy-Starved World: Go Coal!

David Dapice July 15, 2004
Gas prices are soaring, as anyone with a car well knows. But, though $40 a barrel prices are hurting wallets, economist David Dapice argues that the situation has the beneficial effect of encouraging countries to look at alternative energy sources with greater urgency. China, for example, recently signed an agreement with a South African energy and chemicals firm to build two coal-to-liquid fuel...

Ex-Dictator Had Millions in U.S. Bank

Andres Oppenheimer July 15, 2004
Augusto Pinochet, the dictator of Chile from 1973 until 1990, was found by US Senate investigators to have deposited upwards of $8 million in Washington-based Riggs Bank under names of phony firms. According to American law, US banks are supposed to investigate deposits of foreign government officials for drug trafficking or corruption problems before opening an account. The Senate...