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Dollar should be replaced as international standard, U.N. report says

Awaz Apni The dollar is an unreliable international currency and should be replaced by a more stable system, the United Nations Department of Economic and Social Affairs said in a report released Tuesday. The use of the dollar for international trade came under increasing scrutiny when the U.S. economy fell into recession. "The dollar has proved not to be a stable store of value, which is a requisite for a stable reserve currency," the report said. Many countries, in Asia in particular, have been building up massive dollar reserves. As a result, those countries' currencies have become undervalued, decreasing their ability to import goods from abroad. The World Economic and Social Survey 2010 is supporting a proposal long advocated by the International Monetary Fund to create a standardized international system for liquidity transfer. Under this proposed system, countries would no longer have to buy up foreign currencies, as China has long done with the U...

Iran will continue to strive for nukes: Mullen

ASPEN: Admiral Mike Mullen said Monday he believes Iran will continue to pursue nuclear weapons, even if sanctions against the country are increased. Speaking at the Aspen Security Forum, the chairman of the joint chiefs of staff said it would be "incredibly dangerous" for Iran to achieve nuclear weapons, and that there's "no reason to trust" Iran's assurances that it is only pursuing a peaceful nuclear program, especially after the discovery of the secret nuclear facility in Qom. But he said a military strike against Iran would be "incredibly destabilizing" to the region, and that he believed US ally Israel understands that. The admiral was responding to questions about whether he shared the assessment of CIA Director Leon Panetta, who said on Sunday that Iran likely has enough nuclear material to make two weapons, but is at least a year away from being able to carry that out. Mullen has just returned from a multination tour tha...

United Nation Commission Report on Benazir Bhutto Assasination

Here i have copied the text of UN commission report on Benazir Bhutto assasination. Report of the United Nations Commission of Inquiry into the facts and circumstances of the assassination of former Pakistani Prime Minister Mohtarma Benazir Bhutto Executive Summary On 27 December 2007, former Pakistani Prime Minister Mohtarma Benazir Bhutto was assassinated as she left a campaign event at Liaquat Bagh, in the Pakistani city of Rawalpindi. In the attack on Ms Bhutto, 24 other people were killed and 91 injured. After a request from the Government of Pakistan and extensive consultations with Pakistani officials as well as with members of the United Nations Security Council, the Secretary-General appointed a three member Commission of Inquiry to determine the facts and circumstances of the assassination of the former prime minister. The duty of carrying out a criminal investigation, finding the perpetrators and bringing them to justice, remains with the competent Pakistani authorities. The...

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