"LONDON (Thomson Financial) - British Prime Minister Gordon Brown has written to his G8 counterparts, the International Monetary Fund (IMF) and World Bank calling for a co-ordinated response to the effect rising food prices are having on developing nations."
[Read More:Forbes.com:]
Wednesday, April 9, 2008
Brown calls on G8 leaders, IMF, World Bank to tackle rising food prices - Forbes.com
"According to ABMC spokesperson Charles Masterson, ground was first broken for the memorial on the National Mall in May 2003, shortly after President Bush declared the end of major combat operations in Iraq. Since the completion of the preliminary monument, however, nearly two dozen extensions have been added to the original structure to properly commemorate subsequent casualties in the conflict."
[Read More:The Onion]
Why the IMF Missed the Subprime Story | The New York Sun
By HECTOR TORRES, PROJECT SYNDICATE
"Indeed, in its 2006 annual review of the American economy, the IMF was extraordinarily benign in its assessment of the risks posed by the relaxation of lending standards in the American mortgage market. It noted that 'borrowers at risk of significant mortgage payment increases remained a small minority, concentrated mostly among higher-income households that were aware of the attendant risks,' and concluded that 'indications are that credit and risk allocation mechanisms in the U.S. housing market have remained relatively efficient.' This, it added, 'should provide comfort.'"
[Read More:The New York Sun: ]
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