Economy

• Thursday, October 13th 2011 - 05:54 UTC

  Massive demonstration in Brasilia against corruption and impunity

  

  Over 200.000 people took to the streets of the Brazilian capital to protest against corruption and impunity. The Wednesday rally was convened through the social networks and responds to citizens’ organizations with no political affiliation.

• Thursday, October 13th 2011 - 05:53 UTC

  Harrisburg, Pennsylvania becomes first US state capital to file for bankruptcy

  

  The US city of Harrisburg - capital of the state of Pennsylvania - has filed for bankruptcy, making it the first state capital to do so. Harrisburg faces debts of 300 million dollars and has struggled to pay for services.

• Thursday, October 13th 2011 - 05:50 UTC

  Obama celebrates contributions of Latinos to US culture and heritage

  

  United States President Barack Obama celebrated the contributions of Latinos to American culture and heritage Wednesday in an event that paid tribute to the US Hispanic leaders, scholars and soldiers, including those from Texas.

• Thursday, October 13th 2011 - 05:40 UTC

  Chile ranks last for income and education in OECD report

  

  Chile was ranked last for income, education and the quality of environment, according to the Organization for Economic Cooperation and Development or OECD report on well-being released Oct. 12.

• Thursday, October 13th 2011 - 05:39 UTC

  Rio’s iconic “Christ the Redeemer” statue celebrates 80th anniversary

  

  On the same day that Brazilian Catholics honour their patroness, Our Lady of Aparecida, the country is celebrating Oct. 12, 2011 as the 80th anniversary of Rio’s famous “Christ the Redeemer” statue.

• Thursday, October 13th 2011 - 05:37 UTC

  US congress moves to block development loans to Argentina

  

  United States lawmakers are trying to block development loans to Argentina and seek out allies to pressure President Cristina Fernandez to settle with holders of defaulted debt in exchange for funding development banks.

• Wednesday, October 12th 2011 - 21:30 UTC

  UK unemployment at its highest since 1994 reaches 2.57 million

  

  Unemployment in Britain has jumped to its highest level since 1994, with young people hit hardest as private companies fail to make up for job losses in the public sector, piling pressure on the government to boost a stagnant economy.

• Wednesday, October 12th 2011 - 21:28 UTC

  Slovakia parties agree to vote for Euro rescue plan, and advance elections

  

  Parties in Slovakia's fallen government struck a deal with the leftist opposition Wednesday to ratify a plan to bolster the Euro zone's rescue fund by Friday, effectively ending a crisis that had threatened the currency's main safety net.

• Wednesday, October 12th 2011 - 21:27 UTC

  US labour market remains ‘serious challenge’ admits Fed ‘hawk’

  

  The September jobs report was “a bit of positive news”, but the pace of jobs growth is still too slow to make a significant dent in the unemployment rate, a Federal Reserve policymaker said Wednesday.

• Wednesday, October 12th 2011 - 21:26 UTC

  EC president calls for decisive action on Euro banks recapitalization and Greece

  

  The president of the European Commission called Wednesday for EU leaders to bring forward the introduction of a permanent rescue mechanism for states to mid-2012 from mid-2013 and called for more rigorous capital standards for banks.