International Organizations

Greece given world’s lowest credit rating, “CCC”, by S&P

June 13, 2011

[expand title=Read More] Source “The move to CCC from B reflects “our view that there is a significantly higher likelihood of one or more defaults,” S&P said in a statement yesterday. “Risks for the implementation of Greece’s EU/IMF borrowing program are rising, given Greece’s increased financing needs and ongoing internal political disagreements surrounding the policy conditions [...]

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Christine Lagarde extends her lead in the bid for IMF Managing Director

June 10, 2011

[expand title=Read More] Source Lagarde won the backing of several African leaders and the South African former finance minister Trevor Manuel ruled himself out of the contest. Lagarde’s only main opponent is head of the Mexican Central Bank Agustín Carstens. Kazakhstan’s central bank governor Grigori Marchenko recently withdrew. Carstens has not won wide support from other emerging [...]

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The United Nations Secretary-General calls the Syrian Military Crackdown unacceptable

June 10, 2011

[expand title=Read More] Source “UN leader Ban Ki-moon on Friday condemned Syrian President Bashar al-Assad’s use of troops against protesters as “unacceptable” and demanded reforms.” Source 2 The White House condemns the Syria crackdown and backs the UN draft resolution condemning the crackdown and calling for it to end. Source 3 Syrian forces fired on anti-government protesters, [...]

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Obama meets with African country Gabon’s President Ali Ben Bongo

June 10, 2011

[expand title=Read More] Source “U.S. President Barack Obama has urged Gabon’s President Ali Ben Bongo to root out corruption and protect human rights in the West African country. Mr. Obama met with Mr. Bongo at the White House Thursday, despite questions about alleged corruption in Mr. Bongo’s family and government. The White House said Mr. Obama [...]

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UN Nuclear Watchdog votes to present Syria to the Security Council

June 9, 2011

[expand title=Read More] Source The UN watchdog cites Syria’s construction of a covert nuclear reactor and its failure to cooperate with UN investigators. “The vote, supported by the United States and its European allies, coincided with growing pressure for the international community to condemn the violent crackdown by the Syrian government against pro-democracy protesters. United Nations [...]

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Hillary Clinton denies her rumored departure for the World Bank

June 9, 2011

Source

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French candidate Lagarde, China agree: IMF selection process must be open

June 9, 2011

[expand title=Read More] Source “Speaking after meetings with Chinese leaders in Beijing to press her candidacy for the post, Lagarde said selecting the first woman to head the Washington-based agency would help improve the institution’s commitment to diversity. China, India and Brazil are among emerging economies that have demanded an end to the six-decade-old custom where the [...]

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United Nations proposes Small Arms Treaty to limit gun ownership rights

June 7, 2011

[expand title=Read More] Source (Although the terms have yet to be released to the public, IF) ratified by the U.S. Senate, the terms of the treaty may require Americans to: ” Enact tougher licensing requirements, creating additional bureaucratic red tape for legal firearms ownership. Confiscate and destroy all “unauthorized” civilian firearms (exempting those owned by our [...]

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