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World faces “total” financial meltdown

World faces “total” financial meltdown: Bank of Spain chief

The governor of the Bank of Spain on Sunday issued a bleak assessment of the economic crisis, warning that the world faced a “total” financial meltdown unseen since the Great Depression.

“The lack of confidence is total,” Miguel Angel Fernandez Ordonez said in an interview [...]

Obama to continue Bush Wars

Rice: Obama to follow Bush foreign policy

By Daniel Dombey in Washington

Barack Obama might have little option but to follow George W. Bush’s approach on a range of foreign policy issues, including Iran, said Condoleezza Rice, secretary of state.

Ms Rice told the Financial Times the new administration was likely to [...]