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Foto : (Doron Horovitz/AFP/Getty)
Pope Benedict XVI has called for the construction of a social order that conforms to the moral order
Pope Benedict XVI calls for new economic system based on love in G8 message

Ruth Gledhill, Religion Correspsondent The Pope has called for the world economy to be restructured in line with the principles of "love, truth and charity" in a new encyclical issued today. He urges...
Vatikan, 06.07.2009 more...
Foto : Ilustration
Sahara pipeline plan to feed west African gas to Europe

Tamsin Carlisle July 03. 2009 AFP Nigeria, Algeria and Niger have signed an agreement to build a pipeline across the Sahara that would link Europe to big west African gas reserves. The Trans-Sahara...
Niger, 05.07.2009 more...
Foto : Bojko Borisov
Bojko Borisov: If you are not Bulgarian, pack your bags

Tuesday, 04 November 2008 President of Bulgarian party, GERB, Bojko Borisov has the greatest chances of becoming Bulgaria's premier at the upcoming 2009 elections. However, his recent statements have...
Sofia, 05.07.2009 more...
Foto : Ilustration
North Korea launches beer advert

North Korea's latest launch is not missiles, but a TV advertising campaign for a locally-brewed beer. In a rare nod to commercial motives in the resolutely communist nation, the TV advert features a thirsty...
Soul, 03.07.2009 more...
Foto :  13 African Union summit Sirta
Somalia Moves to Forefront on AU Summit Agenda

Somali government's recent declaration of a state of emergency has moved the country's security crisis to the top rank of items for consideration at this week's African Union summit. From AU headquarters in...
Sirta, 03.07.2009 more...
Foto . Ilustration
Worthless Money from the US to Zimbabwe

06/25/09 Tampa Bay, Florida I had been getting ready for the release of the latest totals of how much credit the damned Federal Reserve had created in the last week, and I am afraid that I overdid it a little....
Harare, 01.07.2009 more...
Foto : Map of Honduras
Honduras (Spanish: República de Honduras, pronounced [re-pu'βlika ðe on-'du-ɾas]) is a democratic republic in Central America. It was formerly known as Spanish Honduras to differentiate it from British Honduras (now Belize).[2] The country is bordered to the west by Guatemala, to the southwest by El Salvador, to the southeast by Nicaragua, to the south by the Pacific Ocean at the Gulf of Fonseca, and to the north by the Gulf of Honduras, a large inlet of the Caribbean Sea. Its size is just over 110,000 km² with an estimated population of almost 7,500,000. Its capital is Tegucigalpa. Wikipedia
Curfew Imposed in Honduras

The newly sworn-in acting president of Honduras has imposed a two-day nationwide curfew. Roberto Micheletti told a news conference that the curfew would run from 9pm to 6am on Sunday and...
Tegucigalpa, 29.06.2009 more...
Foto : John Lipsky John Lipsky
First Deputy Managing Director, IMF
Biographical Information

May 15, 2007 
John Lipsky assumed the position of First Deputy Managing Director of the International Monetary Fund on September 1, 2006.

Before coming to the Fund, Mr. Lipsky was Vice Chairman of the JPMorgan Investment Bank. In this position, he advised the firm's principal market risk takers, published independent research on the principal forces shaping global financial markets, was actively engaged with JPMorgan's key clients, and represented the firm around the world with senior public and financial sector decision makers.

Previously, Mr. Lipsky served as JPMorgan's Chief Economist, and as Chase Manhattan Bank's Chief Economist and Director of Research. He served as Chief Economist of Salomon Brothers, Inc. from 1992 until 1997. From 1989 to 1992, Mr. Lipsky was based in London, where he directed Salomon Brothers' European Economic and Market Analysis Group.

Before joining Salomon Brothers in 1984, he spent a decade at the IMF, where he helped manage the Fund's exchange rate surveillance procedure and analyzed developments in international capital market. He also participated in negotiations with several member countries and served as the Fund's Resident Representative in Chile during 1978-80.

In 2000, he chaired a Financial Sector Review Group, established by former Managing Director Horst Köhler, to provide the IMF with an independent perspective on the Fund's work on international financial markets.

Mr. Lipsky's current professional activities include serving on the Board of Directors of the National Bureau of Economic Research. Prior to joining the IMF as First Deputy Managing Director, Mr. Lipsky served as a Director of several corporations and non-profit organizations.

A graduate of Wesleyan University, Mr. Lipsky earned a bachelors degree in economics. Subsequently, he was awarded an M.A. and a Ph.D. in economics from Stanford University.
www.imf.org
Fiscal-Financial Nexus: The Challenges and Lessons of the Global Crisis

Keynote Address by the First Deputy Managing Director John Lipsky at the EUO–FAD High-Level Conference Paris, June 26, 2009 As Prepared For Delivery It is my honor and pleasure to welcome you to what I...
Paris, 26.06.2009 more...
AFP Photo: Su Shulin, chairman of Sinopec Corp, seen here in March 2009, speaks at the company's
China's Sinopec to buy Addax for C$8.27 billion

CALGARY, Alberta - Sinopec Group launched China's biggest-ever foreign oil acquisition on Wednesday, agreeing to buy Addax Petroleum Corp for about C$8.27 billion ($7.24 billion) to secure the Swiss oil...
Calgary Alberta, 25.06.2009 more...
Foto : Slovakia is the Only EU Country Hosting Chinese President 18.06.2009
Slovakia is the Only EU Country Hosting Chinese President

Slovakia is the only EU country which will host Chinese President Hu Jintao during his European tour that arrives here June 18-19 – and begins by meeting Slovak President Ivan Gasparovic. This will be the...
Bratislava, 18.06.2009 more...
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