UN on back foot

JAKARTA (AFP) – The United Nations Mission in East Timor (UNMIT) was on the back foot Friday after Prime Minister Xanana Gusmao angrily accused the world body of trampling on his country's sovereignty.
He said that from 2000 to 2008 the "international community" had spent almost $8 billion in the tiny half-island state but "we do not see any physical development and even more poverty was created in our country".
"My proposal is this: UNMIT and Timorese experts, offer your services to improve Iraq, Afghanistan, Pakistan, and give support to democracy in Yemen, Syria and Libya," Gusmao said. yahoo/AFP

$1bn fraud at Kabul Bank

The move, to "protect taxpayers' money", came as the full extent of the scandal at Kabul Bank – described as the biggest fraud in modern times... independent

NATO fuel tanker explodes in Pakistan

PESHAWAR, Pakistan (AP) — Militants in northwest Pakistan blew up a tanker carrying oil for NATO forces in Afghanistan on Saturday, and a secondary explosion killed 15 people as a group gathered to try to siphon off some of its fuel. Another bombing damaged 14 NATO tankers in a nearby border town, but no one was hurt. usatoday

Six-Figure Pensions at Age 50 at the IMF

The IMF's pension structure allows many of its economists to be able to draw pensions in excess of $100,000 a year in their early fifties. It is remarkable that no major news outlet has ever mentioned these exorbitant pensions at a time when politicians across the country have been screaming about pensions for public employees that average less than $30,000 a year and generally require workers to wait until their 60s before they start receiving benefits. cepr