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About those stock markets...

It was a punishing Friday on Asian and European stock markets following yesterday's whipsaw session on Wall Street, where $1 trillion of market value was temporarily wiped out. Yes, that's trillion with a T. The MSCI World Index (a collection of the world's biggest stock markets) lost nearly one percent. It's down 11 percent since April 15. The MSCI Emerging Markets Index (yes, a collection of stock markets in emerging markets) fell almost two percent.

Cashing in on the Colombian accent

BOGOTA, Colombia — At a sprawling office in Bogota, operators equipped with headsets and computer monitors speak in crystal clear Spanish to customers in Mexico, Chile and Spain. They punch the clock for Unisono, one of more than a dozen international call centers located in Bogota, where a key attraction is the way people talk. By many accounts, the Spanish spoken in the Colombian capital is the most easily understood.

Europe's debt crisis: The professor weighs in

Kenneth Rogoff, a professor of economics at Harvard, is one of the world's biggest brains on government debt defaults. He's also the author of "This Time is Different," an epic tome that examines 800 years of financial crisis, and was one of the most highly-praised economic books of last year. So when Rogoff talks, people listen.

Portuguese professionals flee to Angola

POMBAL, Portugal — In a country enduring its highest unemployment in decades, the list of jobs on offer looks very tempting: financial director for a leading retail chain; sales manager in consumer electronics; air-conditioning technician; computer systems engineer; communications consultant. The online employment agency's advertisements for well-paid, skilled workers seem endless. There’s just one catch: the jobs are all a continent away, in Angola.

Greek debt crisis: The revolt begins?

BOSTON — Things are turning ugly in Greece. Three people were reportedly killed in Athens Wednesday, after protesters set a bank ablaze — the first fatalities of the widespread unrest now gripping the unhappy Greek capital. Tens of thousands of Greeks are irate at their government's response to the country's growing debt crisis, particularly its plans to slash 30 billion euros ($38 billion) from its budget over the next two years and to raise taxes.

Acropolis Now

It's getting very ugly in Athens today. According to the New York Times, three people have reportedly died in an Athens bank set ablaze by protesters. Thousands have taken to the streets in opposition of the government's handling of Greece's worsening debt crisis. The government has proposed huge spending cuts in an attempt to slash 30 billion euro ($38 billion) over the next two  years from its giant pile of government debt.

Bangkok: First the protest. Now the hangover.

BANGKOK, Thailand — At long last, Thai Premier Abhisit Vejjajiva and protesters sworn to end his rule are nearing a pact: he cuts his term short to deliver new elections, they abandon a rugged encampment choking off central Bangkok. The truce could end an eight-weeks running struggle that has left 27 dead, roughly 900 injured and the economy sapped of more than $2 billion. It could also return normalcy to a city on edge. The stability, however, may not last.

A deal for Thailand?

Is Bangkok set to return to normal? That's the word from GlobalPost's Thailand correspondent Patrick Winn, on news that Red Shirt protesters have cautiously welcomed the government's offer to hold early elections on Nov. 14. In exchange, the protesters have agreed to take down their encampments set up in the Thai capital. For more analysis, here's how Patrick explained the latest developments to our partner the PBS NewsHour.

Opinion: Dark side of global economy

Editor's note: On Mar. 9, 2009 Boston money manager Andrew Parlin wrote a column on GlobalPost that called the bottom of Wall Street's crisis-ridden slide. Since that day the S&P 500 Index has risen about 75 percent. So when Parlin said he's had a recent change of heart, we listened. Here's an edited version of what he recently sent to his clients.

Senegal's Taxi Sisters break new ground

DAKAR, Senegal — Much more is riding in the backseat of Amy Ndiane’s chic neon yellow cab than the occasional passenger. A Muslim woman, 30, who supports two kids from the fares she negotiates, Ndiane is an official, supported-by-the-president “Taxi Sister” — one of the select few female cabbies in Senegal. “I heard there is a woman in the United States who drives a taxi,” mused Ndiane, a former data entry typist. “For Africa, this is a first, for a woman to have a taxi.”
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