Nauru to Support Abkhazian Independence
December 15th, 2009 • No Comments • by Blake Allen
The Republic of Nauru, a small 21 square kilometre pacific island nation comprising of approximately 11,000 people has thrown its support behind the independence of the autonomous republic of Abkhazia, officially recognizing the regions independence from Georgia on Tuesday December 15th, 2009.
Chile to Join the OECD
December 15th, 2009 • No Comments • by Blake Allen
The Republic of Chile has been invited to join the Organization for Economic Co-operation and Development (OECD) as its 31st member-state and as the organizations first member from South America.
Ireland Passes the Treaty of Lisbon
The Irish Republic has now ratified the Treaty of Lisbon after voting in its second referendum on the matter in under two years. The treaty will not take effect until all 27 EU member nations agree to the terms, however, and both Poland and the Czech Republic have yet to do so. [continued]
NDP to Study EI Benefit Extension
The Canadian Conservative government’s proposed legislation to extend employment insurance by up to 20 weeks for so-called “long-tenured workers” is raising questions as to whether it will be broad enough to gather further NDP support and prevent an impending election. [continued]
FTC Cracks Down on Rebills
The economic downturn has transformed the Internet to a place of financial risk: from “businesspeople” promising methods to make money to people preying on those who can least afford it with unfavorable debt consolidation offers. This week the FTC announced a number of movements to attack the rebilling industry with force. [continued]
GM Files for Bankruptcy
After failing to restructure the company from within, General Motors filed for Chapter 11 bankruptcy on June 1st, 2009. The company currently has approximately $82 billion in assets and more than $172 billion in debt, making this the 4th largest bankruptcy filing in the history of the United States. [continued]
