Global Affairs: The Weekly Outlook for June 9
The Weekly Outlook is an editorial briefing for wejetset’s online magazine. Each week we scan international news and aggregate the stories that will likely impact their respective region and possibly the world. From economic issues to politics, we strive to deliver news that will be useful to our readers as they navigate their local and global spaces.
Weekly Outlook for June 9: This week we present news about Independence in Nicaragua, US Banks Returning $68 Billion in Bailout Money, England Setting their Sights on World Cup Hopes, Debates Heating up as Iranian Election Approaches and a Chevron Pumping Station on Fire in NIgeria. Click Read More for the entire report.
Sometimes you just want to break away. “After declaring independence from the rest of Nicaragua in April, a group of indigenous activists from the Mosquito Coast readied a grand celebration to commemorate the occasion. Their feast would be ruined, however, when the regional government sent in the police to seize the main course.”
Banks don’t like the limitations. So they say, “No thanks!” to bailout. “Ten of the nation’s biggest financial companies got a green light Tuesday to return $68 billion in federal bailout money — freeing the banks from limits on executive pay and leaving the government with a small gain on the rescue cash.”
It’s looking good for England. As Yahoo reports, “England can practically guarantee their place at the 2010 World Cup if they beat minnows Andorra at home in the last round of this season’s European qualifying matches.”
Things heat up as Friday’s Iranian elections approach. “The unprecedented drama that has gripped Iran on the eve of its national election continued Tuesday with another salvo. This time, one of Iran’s senior-most politicians accused hardline President Mahmoud Ahmadinejad of lies and distortions.”
“The Movement for the Emancipation of the Niger Delta, the main rebel group in southern Nigeria, said it had set a pumping station of US oil giant Chevron on fire.“
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