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Why the Euro is Not Worth Saving By MARK WEISBROT The Euro is crashing today to record lows against the Swiss Franc, and interest rates on Italian and Spanish bonds have hit record highs. This latest episode in the Eurozone crisis is a result of fears that the contagion is now hitting Italy. With a …
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By JEFFREY GETTLEMAN Published: July 20, 2011 MOMBASA, Kenya — The United Nations on Wednesday officially declared Somalia’s food crisis a famine in several parts of the country, with millions of people on the brink of starvation and aid deliveries complicated by the fact that Islamist militants aligned with Al Qaeda control the famine …