Markets across the world soared after the European Central Bank promised the creation of a $955 billion rescue fund for eurozone countries with debt problems. But some economists are worried about moral hazard – bailouts leading to reckless spending.
05/10/2010 03:25 pm
After a 13-year run, Britain’s Labour Party is out of power. How should we assess its legacy?
05/10/2010 09:32 am
Four to 6 feet of water flooded the celebrated stage of Grand Ole Opry as 13 inches of pounding rain cause havoc in Nashville.
05/09/2010 09:55 am
David Cameron, whose Conservative party is leading in UK election results, may have the upper hand. But no one party emerged with enough seats to form a government.
05/07/2010 09:27 am
Greece protests against the government's tough spending cuts broke out in Athens Thursday, was stocks plunged on Wall Street over concerns about tightening credit markets and declining global demand.
05/06/2010 06:28 pm
Photos of the Day Photos of the Day 05/06
If British election 2010 results yield a majority of parliamentary seats for a party that comes in second or even third in the popular vote, could it lead to a change in Britain's centuries-old 'first past the post' electoral system?
05/06/2010 12:32 pm
Photos of the Day Photos of the Day 05/05
Airports in Ireland were shut for about eight hours on Tuesday as winds carried ash from the Icelandic volcano into flight paths. Though travel is now getting back to normal, meteorologists say summer winds could lead to more disruption at European airports.
05/04/2010 04:39 pm
As countries such as China grow increasingly dependent on minerals such as copper and cobalt, Africa mining firms are wondering how far the continent's leaders will go to extract better terms. Some are now talking about a cartel like OPEC.
05/04/2010 01:56 pm