Iran Becomes President of OPEC

by Chana Ya’ar The 12 member nations of the Organization of Petroleum Exporting Countries (OPEC) have elected Iran, OPEC’s second-largest oil producer and one of its founding members, to become the organization’s 2011 president. Saudi Arabian Oil Minister Ali Al-Naimi announced Thursday the Islamic Republic would take up the rotating presidency in the 50-year-old organization […]

Full Story

Mortgage Damage Spreads

The unfolding foreclosure-processing debacle is causing bank stocks to slide and putting millions of delinquent borrowers in limbo. But how disruptive the crisis ultimately becomes—for homeowners, the housing market and the broader economy—depends on how quickly a number of technical problems and legal challenges are resolved in the months ahead. In essence, fast-paced modern finance […]

Full Story

Hamas Confiscates Aid, Resells to Palestinians for Profit

A journalist who visited Gaza found that Hamas is confiscating humanitarian goods donated by the international community and forcing Gaza Arabs to pay for them. The journalist, Mitchell Prothero, wrote an article about attitudes towards Hamas for the UAE paper The National. Prothero spoke to a commander in the Islamic Jihad terrorist group, who complained […]

Full Story