The Burmese government says it will undertake a major overhaul of its currency system as part of its program to modernize the nation’s moribund economy. The official New Light of Myanmar newspaper said Wednesday the central bank will implement a managed floating exchange rate effective April 1, the same day parliamentary by-elections will be held. […]
Burma Announces Currency Exchange Overhaul
Posted March 28th, 2012 at 5:30 am (UTC-5)
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European Commission Proposes Refocusing Foreign Aid on Poorest Nations
Posted October 13th, 2011 at 12:20 pm (UTC-5)
The European Commission has proposed changing European Union foreign aid programs to focus more on the world’s poorest nations. In a policy paper published Thursday, EU Development Commissioner Andris Pielbags says the 27-nation EU must adapt the way it fights poverty to make sure that every euro of aid reaches those who need it most. […]
ACLU: Reduce Crime by Reducing Prison Sentences
Posted August 9th, 2011 at 9:00 pm (UTC-5)
A report from the American Civil Liberties Union says several U.S. states have reduced crime – and saved money – by putting fewer people behind bars. The report, released Tuesday, says one in 99 people living in the U.S. are in prison, making the country the world’s largest incarcerator. But it said a number of […]
