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Global Politics

Argentina's bailout

Argentina's President (Cristina Fern-ndez de Kirchner) this week announced plans to nationalize the country's private pension funds. Some see it it as a reasonable move in times of a financial crisis.

Global Politics

Russia feels the pinch

The global financial crisis has hit Russia's oil and gas industries, the backbone of the economy, and ordinary Russians are starting to feel the pain. The World's Laura Lynch reports from Moscow.

Global Politics

Japan tries to spark economy

Japan's Prime Minister Taro Aso announced a stimulus package today worth about 50 billion dollars. Part of the plan is to give the average Japanese family about 600 dollars in spending money.