1.
Mother said Josh Powell threatened her
NEW YORK, Sept. 12 (UPI) -- A United Nations panel says the global economic crisis shows the need for new institutions and replacement of the dollar as reserve currency.
The commission, headed by Nobel Prize-winning economist Joseph Stiglitz, said a global reserve system should not depend on a single currency.
At a news conference Thursday, Stiglitz called for a new global lender to complement the International Monetary Fund and a coordination council broader than the Group of 20, comprising countries with the 20 largest economies.
"This was not just a problem of something going wrong with the plumbing, and you call in a plumber and you unclog the pipes and everything goes back to where it was," Stiglitz said. "These problems reflect deeper systemic problems that have to be addressed, and we cannot and we should not go back to the world as it was prior to the crisis.... The crisis highlights many inadequacies in our global financial architecture."
The commission is scheduled to release its report Sept. 22.
|
|
|
|
|
|
| Additional Top News Stories | |
TACOMA, Wash., Feb. 9 (UPI) --
The mother of Josh Powell, who killed himself and his sons in a fire in Washington state, said in divorce papers he exhibited disturbing behavior as a teenager.
|
MIAMI, Feb. 9 (UPI) --
Ronnie Smith, former trumpet player for the disco/funk group K.C. and the Sunshine Band, has died in a Florida hospital, his family said.
|
ABUJA, Nigeria, Feb. 9 (UPI) --
A Nigerian militant group said a claim that it wasn't responsible for an attack on an oil pipeline is propaganda from state authorities.
|
XINXIANG CITY, China, Feb. 9 (UPI) --
A set of parents in China said they expected a large baby, but they were shocked when their son came out weighing a potentially record-setting 15 1/2 pounds.
|
| Stories | Photos | People | Comments |
View Caption
