U.S. President Barack Obama has told a forum in New York that open societies, economies and governments make the “strongest foundation for human progress.” The U.S. president spoke Tuesday at the United Nations to inaugurate a new international Open Government Partnership. There are eight founding members in the partnership, including Mexico, Indonesia, South Africa, the […]
Obama Launches Open Government Partnership
Haiti Lawmakers Reject Second Pick for Prime Minister
Haitian lawmakers Tuesday rejected President Michel Martelly’s second pick for prime minister. Lawmakers rejection of Bernard Gousse, a controversial lawyer and former justice minister, delivers a major blow to President Martelly’s efforts to get a new government in place nearly three months after taking office. Sixteen members of the 30-seat Haitian Senate voted against Gousse. […]
Chinese Local Governments Pile Up Trillions of Dollars of Debt
China says its local governments have accumulated about $1.7 trillion of debt due to self-created financing vehicles and massive bank loans. The central government’s chief auditor, Liu Jiaya, revealed the scope of the local government debt Monday during a speech to the National People’s Congress in Beijing. Liu says the amount of money owed by […]