Iranian President Mahmoud Ahmadinejad addressed the United Nations General Assembly Wednesday, saying Iran is under a "continued threat by the uncivilized Zionists." As the fourth installment of our One Minute Debate series for election 2012, three writers give their brief take on what the United States should do about Iran's nuclear program.
London, this year's host of the Olympics, is also home to a bank scandal that threatens to rock the financial world as much as the Games influence the world of sports. Here's why: Libor (London Interbank Offered Rate) is a global benchmark for interest rates that reaches deep into the international financial system. Allegations that banks rigged those rates means that everyone from mortgage-holders and indebted students to cities and mutual funds may have had their interest rates unnaturally altered. Already tainted by other scandals, banks are under investigation because of charges that they profited illegally from their rate-rigging scheme. The mess further taints big banks and puts more strain on the credibility of the global financial system. Here are five ways the Libor scandal could affect you:
This November, voters in Oklahoma will consider a ballot measure banning affirmative action in public-sector hiring. And in October, the Supreme Court will hear arguments in the Fisher v. University of Texas case – centered on the use of affirmative action in public-university admissions. As the second installment in our One Minute Debate series for election 2012, three writers give their brief take on whether the United States still needs affirmative action.
The Great Recession of 2008/09 delivered the worst blow to the global economy since the 1930s. But in a few nations, 2012 is turning out to be worse than 2009 in terms of economic growth. Europe's debt crisis, the general slowing of the world economy, and domestic political troubles have played a role in undercutting 2012 growth for one or more of these four nations. Can you guess who they are?