World News

gold barsIn yet another sign of eroding international confidence in the U.S. dollar, India’s central bank has just purchased 200 tons of gold from the International Monetary Fund at $1,045.00 an ounce, in a transaction valued at close to $7 billion. Nor were Indian officials at all coy about their motives. As one senior official at the Indian central bank told the Wall Street Journal, “It makes sense to buy gold as it will appreciate more than the U.S. dollar.”

Russian militaryIn September 1939, the Red Army of the Soviet Union invaded Poland under the pretense that the Polish government could no longer protect Ukrainians and Belarusians living in eastern Poland. Now it has been revealed that Russia has, in essence, marked the 70th anniversary of that infamous event with “war games” simulating a future invasion of Poland.

VOA News reported on November 2 that Afghanistan's Independent Electoral Commission (IEC) had declared President Hamid Karzai the winner of the country's disputed election, following the withdrawal from the race the previous day by Karzai's challenger, Abdullah Abdullah, the nation’s former Foreign Minister. The runoff election that had been scheduled for November 7 has been cancelled and Karzai will remain as president for a five-year term.

As the Obama administration and Moscow rush to negotiate a new arms-control treaty by the end of the year, Russia is being accused of testing new Inter-Continental Ballistic Missiles (ICBMs) that would violate the 1991 Strategic Arms Reduction Treaty (START).

woman workerWhen searching for reforms to promote gender equality the world often turns north. The Scandinavian countries have more equality between men and women than most other societies. Women in Sweden, Norway, Finland, and Denmark were early in entering the labor market and have the highest political representation in the world. In Sweden, women hold close to half of the seats and Finland is headed by a female president.

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