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The Big Five~I

A Security Council resolution requires approval of 9 members (out of 15) including concurrence of the Big Five. This procedure made adoption of a bi-partisan decision almost an impossibility as the Big Five would never agree to any resolution which would even remotely go against their national interest. The assignment of overriding powers to the five had been done with good intentions because in serious matters like war and peace involving various nations, it was essential to have the concurrence of the big powers who had fought and won the war

Revolution interrupted?

Latin America is a land of endless dreams and imaginations. It tends to believe if you have no imagination, you…

Global rice price index at highest since 2011 after India restricts exports

The UN's Food and Agriculture Organization's (FAO) All Rice Price Index increased by 2.8 prcent on the month and 19.7 percent on the year to reach its highest nominal level since September 2011, as India’s 20 July prohibition of non-parboiled Indica exports fostered expectations of greater sales in other origins, amplifying upward pressure already exerted on prices by seasonally tighter supplies and Asian purchases.