World Trade Organization Cuts 2013 Growth Forecast

The World Trade Organization has announced a cut in the 2013 growth forecast from 4.5% to 3.3%.

The WTO tried to downplay the weaker growth by claiming that in 2014 the world trade market should grow 5%.

“There is a need for more rules-based trade in order to reduce unemployment and to stimulate growth,” WTO director general Pascal Lamy told reporters. In addition to the unemployment, the weaknesses in European economies will continue to drag down trade. Continue reading

Bird Flu Kills Fifth In China

The World Health Organization confirmed a fifth death in China from the H7N9 bird flu virus.

The number of laboratory confirmed infections rose to 11. The WHO still claims there is no human-to-human transmission of the virus although 400 people closely connected to the victim are now being closely monitored for signs of the disease. Continue reading

BRICS Nations Could Challenge World Bank

The leaders of the BRICS nations are discussing the creation of a development bank that would be in direct competition to the World Bank.

The heads of Brazil, Russia, India, China and South Africa have long complained about a western bias in the decisions made by the World Bank. The fund would develop infrastructure projects in developing nations. Continue reading

Chinese Officials Still Forcing Women Into Late-Term Abortions

A photo circulating the internet is showing the body of a seven-month old fetus that died after Chinese officials forced an abortion upon his mother.

The woman, identified at Ms. Lu, was seized by “local family officials” who forced her into a vehicle that went to a local hospital where they injected her with chemicals to force the abortion. She went into labor and delivered the dead baby two days later. Continue reading