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Dublin-based Depfa got into hot water by transforming itself from a small, local lender into a major global enterprise intertwined with financing from Duluth to Dubai. It had an audacious goal: to dominate American municipal finance. Instead, it has jeopardized many public investments. » E-Mail This » Add to Del.icio.us 
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Muslim and Catholic scholars have concluded an unprecedented three-day meeting at the Vatican, vowing to work together to combat violence and terrorism —especially when it is carried out in God's name. Pope Benedict called on both faiths to resolve past prejudices. » E-Mail This » Add to Del.icio.us
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The economic crisis is still keeping financial officials around the world occupied. The European Central Bank on Thursday slashed interest rates, in the hopes of keeping money flowing. And the International Monetary Fund approved loans to Hungary and Ukraine. » E-Mail This » Add to Del.icio.us
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Pakistan's economy needs help. New President Asif Ali Zardari went to Saudi Arabia looking for help with the crisis that is threatening his already deeply unstable nation. Pakistani officials are discussing seeking a bailout from the International Monetary Fund. » E-Mail This » Add to Del.icio.us
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Russian President Dmitry Medvedev has said he will station missiles alongside Poland if the U.S. places an anti-missile system in the country. The comments are seen as a warning to president-elect Barack Obama. Marshall Goldman, author of the forthcoming book Pretrostate: Putin, Power, and the New Russia, discusses Medvedev's remarks. » E-Mail This » Add to Del.icio.us
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