Featured

Catholic archbishop writes his own Das Kapital

Catholic archbishop writes his own Das Kapital Munich - A Catholic archbishop in Germany published a book Wednesday attacking capitalistic excesses.

Not only is the book called Das Kapital, but the author's name is Marx.

Archbishop Reinhard Marx of Munich is not related to 19th-century communist founding father Karl Marx, but the most reverend clergyman's surname draws wonderment and wisecracks wherever he goes.

The archbishop is also the most outspoken of Germany's 27 diocesan leaders in his criticism of big business.

Unemployment in Brazil at 10-year-record low despite crisis

Unemployment in Brazil at 10-year-record low despite crisis Sao Paulo - Unemployment in Brazil dropped to 14.1 per cent in September, its lowest level for that month since 1998, the trade- union research institute Dieese said Wednesday in Sao Paulo.

According to Dieese, unemployment in September in the six metropolitan regions that were studied - Sao Paulo, Belo Horizonte, Porto Alegre, Recife, Salvador de Bahia and Brasilia - fell by 0.4 percentage points in relation to August.

Bush invites Israel's Olmert to White House

Bush invites Israel's Olmert to White House Jerusalem - Israeli Interim Prime Minister Ehud Olmert is due to meet US President George W Bush at the White House "soon," a statement issued by his office said.

Bush spoke with Olmert on the telephone Wednesday afternoon and invited the Israeli leader to Washington, the statement said.

Olmert resigned last month to fight corruption allegations, but has since continued to rule Israel at the head of a transitional government which will be in place until early elections are held on February 10.

Consumer confidence index drops to its lowest level

Consumer confidence index drops to its lowest levelWith the financial crisis weighing on American household budgets and the US consumer appearing to be in a foul mood, the effects on investors and the economy are likely to be harsh. The Conference Board, a New York-based business research group, said Tuesday that its Consumer Confidence Index plummeted to 38 in October from an upwardly revised reading of 61.4 in September. This decline brings the index to its lowest level since its inception in 1967.

Obama calls ‘great state of Virginia’ crucial for election

Obama calls ‘great state of Virginia’ crucial for electionSpeaking at James Madison University in the Shenandoah Valley, Virginia, Democratic presidential candidate Barack Obama told the people who packed into an overflow room that the 2008 election represents “a clear choice between the past and the future.” There were about 8,000 people at the soccer field at James Madison, but there wasn’t room for them at the indoor venue where there were 12,000 more people, mainly students too excited to sit.

Stevens being pressurized to resign

Stevens being pressurized to resignAlaska Senator Republican Ted Stevens, convicted of seven felonies, is being persistently pressurized by fellow Republicans to step down from the Senate. John McCain and his running mate, Sarah Palin, have wasted no time in separating their campaign from the “corruption and insider dealing that has become so pervasive in the nation's capital.”

Pages