Fitch Ratings, a leading credit ratings agency, warned Wednesday that the US is likely to lose its top-notch debt rating if lawmakers cannot agree to a solution that prevents the economy from going over the 'fiscal cliff' at the end of 2012. Fitch Ratings called the resolution of the fiscal cliff and an increase in the debt ceiling 'pressing issues.'
South Africa’s ruling party, the African National Congress, was once a post-apartheid hero. Now it is the latest caricature of African bad governance, and it no longer resonates with the people. At its upcoming meeting, the party must embrace internal debate and reject economic nationalism.