GM Announces Plant Upgrades Over Two
General Motors says it will invest $ 65 million in two plants and create or retain 163 jobs in these pages, so it can make more four-cylinder engines.
GM will increase the capacity of its Tonawanda, NY, plant to make engines for the Chevrolet Equinox crossover and GMC Terrain. It has invested $ 33 million there, and create or retain 100 jobs.
GM increases capacity to build engines for the 2013 Malibu sedan plant in Spring Hill, Tennessee, invests $ 32 million and creating or maintaining 63 jobs.
The investment is part of $ 2 billion investment in U.S. manufacturing as GM announced last month. The moves are expected to create or maintain 4,000 jobs at 17 facilities.
GM announced last week that $ 20 million in improvements at its plant in Fairfax would keep its 3,900 employees.
Medvedev said the government should do less
Russian President Dmitry Medvedev Friday challenged the powerful legacy of his predecessor, Vladimir Putin, condemning the centralization of political and economic power in the Kremlin in what was interpreted by some as a campaign to pass early in the next presidential election next year.
Medvedev, in an opening speech to investors at the annual St. Petersburg International Economic Forum was a strong indication that he wants to distance himself from Putin, Russian Prime Minister in the race for the presidential election next March .
The food price warning
High food prices are likely to increase further during the next decade, putting the poor at greater risk of malnutrition and hunger, global food a report warned on Friday.
Joint Report of the United Nations Food and Agriculture Organization and the Paris-based Organization for Economic Cooperation and Development said that the risk of price instability, which has hurt farmers around the world is still high . OECD Director for the French returned to demand more regulation and transparency and public information on commodity markets the company as a key element in stabilizing prices.
"Information is a vital factor," Director of the OECD Angel Gurria said. "A number of markets that do not know, and where we have a lot of blind spots is only the farmer's market," if they have critical information, such as the size of reserves can hardly be seen.
The two organizations have warned that the harvest is currently threatened by drought in several key areas that will be crucial.
The report predicts that prices will be 20 percent higher for cereals and up to 30 percent more meat in the next decade more than 10 years.
The IMF continues to money in Afghanistan
The International Monetary Fund stopped to wait for $ 70 million for the reconstruction of Afghanistan after the payment of near collapse of the largest private bank in the country, a government adviser said Friday.
He stopped payment shows dissatisfaction with the IMF and other international donors, such as the Afghan authorities have yet to resolve the ongoing crisis surrounding Kabul Bank, which manages the salaries of civil servants, soldiers and policemen Afghanistan.
If you remain dissatisfied with the donors, which may stop millions of dollars that flow into the country dependent on foreign aid and the fight Taliban insurgency resistant.
Belarus tightens
Authoritarian Belarus, Alexander Lukashenko, President says he can close the borders of the Soviet nation and strengthen controls on imports to satisfy the financial crisis.
Belarus was beaten by the worst financial crisis since the 1991 Soviet collapse. Recently, the country devalued its currency, causing panic in the property.
Alexander Lukashenko said Friday that his government close the borders of the nation if the country faces an "economic catastrophe" and fund only the most essential imports.
