Stories for October 15th 2008
Fighting corruption and poverty, agenda of new Peruvian cabinet
Peruvian President Alan Garcia swore in a new Cabinet headed by a leftist governor as Prime Minister following a scandal over possible corruption in the awarding of oil concessions which prompted all of his ministers to resign last week.
UK September inflation peaks at 16 year high, 5.2%
UK inflation hit a 16-year high of 5.2% in September, with energy bills behind much of the rise, figures have shown. The Consumer Prices Index (CPI) measure was up from 4.7% in August.
CBS/NYT poll gives Obama 14 points lead over McCain
The United States Democratic presidential nominee Barack Obama is entering the third and final presidential debate Wednesday with a wide lead over Republican rival John McCain, according to the latest CBS News/New York Times poll.
Marx “Das Kapital” sales soar among young Germans
Sales of Kart Marx's “Das Capital” have soared in Germany as a consequence of the financial crisis reported on Tuesday editor Jrn Schtrumpf from the newspaper “Neue Ruhr/Rhein Zeitung” (NRZ).
Russian interest in South American Defence Council
Russia officially requested its incorporation as observer to the Union of South American Nations Defence Council, CDS announced on Tuesday Argentina's Defence Ministry.
The request was presented by Russian Security Council chairman Nikolay Patruscev during a meeting held with Minister Nilda Garré.
Cost of world crisis: 2% world GDP say Commerce Chambers
The current financial crisis could exact a toll on the world's gross domestic product, an international business group in Belgium said.
Argentina industry fears depreciation of Brazilian currency
Argentina's powerful industrial lobby, warned that the current real exchange rate with Brazil is back to “2001 levels”, when the preambles of the worst economic crisis suffered by the country in a century.
Krugman: no return to Marx but to Franklin Roosevelt
Paul Krugman, who won this year's Nobel Prize for economics, told CNBC that the Treasury Department's move to inject banks with 250 billion US dollars is better than the original bailout plan.
Nobel praise for PM Brown financial rescue plan
In an article titled “Gordon does Good” published Monday in the New York Times the Princeton University scholar lavished praise on Brown for his timely action against the ongoing financial turmoil.
Captain of ship wrecked on Gibraltar cliffs, free on bail
Gibraltar Police arrested the captain and two officers of the cargo ship Fedra, which ran aground on the sheer cliffs of Europa Point last Friday in extreme weather, reports the Gibraltar Chronicle.
