Haiti’s $36 million debt was canceled by The World Bank thanks to the contribution of 12 European countries and Canada. This credit was allocated by The World Bank for the poorest countries before January 12. That is when a devastating earthquake generated multiple tragedies on Haiti and destroyed large areas of Port-au-Prince which is Haiti’s capital.
Robert B. Zoellick, the President of World Bank Group, said that his institution will make more efforts to reduce the debt of Haiti. They will also pursue every opportunity available to help their reconstruction …

Kenneth I. Starr, a NY investment advisor, is being arrested for creating a massive Ponzi like scheme. He is being charged with money laundering and fraud by rerouting $30 million of celebrity’s money to support his rich lifestyle. Stars like Ron Howard, Sylvester Stallone, Wesley Snipes, and Uma Thurman have been affected.
Mr. Starr is being accused of recruiting clients by saying his company is aspiring and exclusive. He would get the stars to trust him with their financial affairs – to control and manage them. Starr is not related to …

The League, Magners Specsavers Fairplay has been awarded to Dai Young’s team, The Blues. The men earned $14359.40 in US dollars to use towards youth development. This also is the second season a team from the Welsh region has claimed this.
The Blues in 18 season matches have only picked up seven yellow cards and no players have ever sent off. Edinburgh conceded two yellow cards in the last minutes of the remaining game. They played against Leinster who fell from being number one in the League, allowing the Blues to …

On Friday, the Dow Jones dropped 122 points after Spain received from Fitch Ratings another downgrade on their credit rating. This was the second one within a month. With this unsettling news, European stocks closed out at their worst in over a year. The agency’s decision was another reminder of the economic hardships still facing several countries in Europe.
With Europe’s debt problems intensifying and persistent worries, the Dow plunged 7.9% and the S & P 500 index 8.2% in the month of May. These performances were the worst since early …