World Bank Relieves Haiti from its Debts
“Haiti now has no further amounts payable to the World Bank,” World Bank Group President Robert B Zoellick announced in a statement last Friday. The Washington-based financial institution is cancelling the USD 36 million debt owed by Haiti to International Development Association (IDA) is part of their effort to help the country in its recovery [...]
Mercer Releases Quality of Living Reports for 2010: Vienna Tops the List
After evaluating the quality of life of 221 cities around the world, Mercer’s results for 2010’s “Quality of Living Survey” just came up on May 26 with Vienna making it to the top. War-torn Baghdad, capital of Iraq, came in last in the survey. A known reputable global consultancy firm, widely trusted for HR, financial [...]
Gulf of Mexico Oil Spill: Cleaning Up the Mess
The worst oil spill in U.S.history indeed. And a shame to be caused by an oil company considered as one of the world’s largest. The Gulf of Mexico had been spewing oil for weeks now and Gulf residents are hanging on for hopes that BP’s complicated “top kill” operation will plug the gushing well. It [...]
Breaking Away from Starbucks’ Spell
For over a long time, people are developing their own theory over Starbucks Coffee’s secret ingredient and why it is so addictive. I am one of the millions around the world who had fallen under Starbucks’ spell, and I came to a point where I was almost a hundred percent convinced their coffee’s secret ingredient [...]
On Euro Crisis: Is Greek Bailout Too Little Too Late?
Greece being the Bear Stearns of Europe, seems too big to be allowed to falter. Its financial circles depressed beyond control, Greece’s well-off cousins in the EU zone are pressed to come to its rescue. But despite the 110 billion euro bailout package offered to the country over the weekend, many fear that the [...]