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The cost of the financial crisis hits Americans harder than banks

What’s the real cost of a financial crisis? Apparently, it depends on who’s paying. If you’re Jamie Dimon, the CEO of JP Morgan Chase, or Brian Moynihan, the CEO of Bank of America, it’s a price your $ 2tn bank can easily afford to make trouble go away. If you’re a homeowner, it’s a price…

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India struggles with onion crisis

October 26, 2013 8:00PM ET Price of staple food has quadrupled in recent months; government hopes to up supply ahead of November elections Topics: India International Food Bags of onions are displayed for sale at a wholesale market in Nashik, Maharashtra, India, on Oct. 23, 2013.Kuni Takahashi/Bloomberg/Getty Images India has become so desperate for the…

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Australia Raises Debt-Ceiling to A$500bn to Avoid US-Like Crisis

Source: International Business Times Australia’s government is increasing the country’s debt limit by two thirds to avoid a potential fiscal crisis in the future, as it is projected to reach the current debt ceiling by the end of 2013. Treasurer Joe Hockey said after a federal Cabinet meeting in Canberra on 22 October that the…

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Illinois Senate Pres.: $100 Billion Unfunded Pension Liability Not ‘Crisis’

In a Sunday morning interview with WGN Radio, Illinois’ Senate President John Cullerton said the state’s staggering $ 100 billion unfunded pension liability is not a “crisis.” “People really misunderstand the nature of this whole problem; quite frankly, I don’t think you can use the word ‘crisis’ at the state level,” Cullerton said. Cullerton described…

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‘Only Syrian solution ends Syria crisis’

Syrian President Bashar al-Assad has called for a “Syrian solution” to put an end to the current unrest in the Middle Eastern country. Assad made the remarks in an interview with Lebanese TV, Al-Mayadeen, on Monday, saying that such a solution must be found, regardless of whether it is recognized by foreign powers or not.…

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‘No Syria crisis solution without Iran’

Senior member of the European Parliament Hannes Swoboda speaks at a press conference in Tehran on October 21, 2013. Senior member of the European Parliament (EP) Hannes Swoboda says the Syria conflict cannot be settled without Iran’s engagement, stressing that the ongoing crisis in the Arab nation must be resolved through political means and not…

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Canada faces crisis over natives’ issues

The United Nations says Canada has failed to narrow disparities between indigenous peoples and other citizens, warning the country is facing a crisis over the situation of First Nations communities. “There’s a crisis in Canada with regard to indigenous issues,” said James Anaya, who is the UN special rapporteur on the rights of indigenous peoples,…

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