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A man talks on his mobile phone as he walks past the logo of the Reserve Bank of India (RBI) inside its head office in Mumbai

RBI Holds Repo Rate Despite 'Big Bang' Reforms

The Reserve Bank of India (RBI) left interest rates unchanged but cut the cash reserve ratio for banks on Monday, disappointing market hopes that it would follow up the government's unexpected spate of bold reform measures by reducing borrowing costs.
Argentine Protest

Argentines Protest President Fernandez's Economic Policies Amid Rising Inflation

Many Argentines are protesting against the policies of President Cristina Fernandez de Kirchner over her tight controls on the economy amid rising inflation. Fernandez has said that her policies are aimed at supporting the most vulnerable in society and will benefit the majority of people as a whole, though she has been criticized for pursuing a populist agenda at the expese of the upper and middle classes.
Luxury home in Malibu, California

How Washington Subsidizes Home-Buying For The 1%: Report

Government-owned Fannie Mae and Freddie Mac, which were set up to help blue-collar and middle-class workers buy their own homes at lower interest rates, are also helping the nation's one percent to purchase luxurious homes.
Epainette Mbeki

South African Activist Elder Epainette Mbeki Scolds ANC

Epainette Mbeki, mother of former South African President Thabo Mbeki and revered anti-Apartheid activist, recently criticized the country's ruling African National Congress which had pressured her son to resign in 2007. The ANC continues to have wide support in South Africa, but Mbeki stressed that its leaders needed to communicate better with the people or public unrest would increase amid the country's persistent economic disparities.
Online Piracy

How People Are Caught Illegally Downloading Music, Movie Torrents

Sites like the Pirate Bay and uTorrent haven't enticed hundreds of millions of people to download endless amounts of free media content without making a few enemies. Those BitTorrent giants - and others like them - have built their businesses by outwitting the seemingly hapless MPAA and RIAA. The increased acceptance of illegally downloading media has affected the bottom line of the movie and music industry over the past decade, and that isn't good news for torrent fans.
Ground Zero

9/11 Health Toll Still Hazy After 11 Years

Between 40,000 and 90,000 emergency workers and volunteers spent time sifting through the remains at Ground Zero, and were exposed to toxic materials that have been blamed for a range of respiratory illnesses and other ailments.

GoDaddy.com Says Most Sites Restored After Cyberattack

GoDaddy.com, the popular website that hosts millions of domains for businesses, said it had restored most service Tuesday. On Monday, it was subject to cyberattack by someone claiming to be a member of the Anonymous hacker group.
IBTimes Logo

GoDaddy Sites Down, May Be Victim Of Anonymous Cyberattack

Customer sites operated by private GoDaddy.com reported major computer problems Monday due to an apparent cyberattck by Anonymous. Last winter, Intyernet activists attacked GoDaddy.com for its support of the Stop Online Privacy Act.

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