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India Buys Gold, Buries Past Shame

Santosh Kumar Agarwal 2 weeks ago

Region: India

Burying past shame of 1991, when India had to pledge 67 tons of Gold to Bank of England and Union Bank of Switzerland to raise some $600 million to supplement a poor Foreign Exchange Reserve of $1.2 billion- barely good for three weeks of imports and a default in foreign exchange looming large- India recently purchased 200 tons of gold from IMF at a price of $6.8 billion, a peanut investment compared to present foreign exchange reserve of $285 billion. The background in 1991: With the fall o... more

Views: 533 Rating:

Video: Winners of UN Contest Become Citizen Ambassadors

Global Voices 2 weeks ago

Region: United States

We bring you the 5 winning videos for the UN contest where participants sent in a video stating what they would tell world leaders if they had the chance.    The 5 video bloggers had the opportunity to give their message in person at the UN Day celebration in New York City. In a previous post we announced the UN Citizen Ambassador contest where video bloggers had to record what they would say to World Leaders if they had the chance, to effectively win the opportunity to speak ... more

Views: 235 Rating:

Iran's Green Movement Spre...

  Government violence reduced number of street protests, but movement has become more difficult to control. By Behzad Yaghmaian (MR No 16, 13-Nov-09) The presidential election of June 12, which Mahmoud Ahmadinejad was declared to have won, gave birth to a grassroots movement that has been evolving politically, embracing broader segments of the population, discovering new methods... more

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VCU Capital ...