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Context of '2002: Guatelmala Ranked Low in UN Index'

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2002: Guatelmala Ranked Low in UN Index

Guatemala is ranked 120th out of 173 countries in the UN Development Index. [United Nations, 2002]

Timeline Tags: US-Guatemala (1901-2002)

The 2003 Human Development Index—which ranks countries according to life expectancy, educational attainment and adjusted real income—places Cuba in the 52nd position out of 175 countries. Of its closest neighbors, Haiti ranks 150th, the Dominican Republic 94th, Grenada 93rd, and Jamaica 78th. [United Nations, 2003]

Timeline Tags: US-Cuba (1959-2005)

The US Treasury Department and UN designate Adel Batterjee a global terrorist. Batterjee is connected to the Benevolence International Foundation (BIF). The Treasury Department says that Batterjee “has ranked as one of the world’s foremost terrorist financiers” by helping to fund al-Qaeda. It is not explained why the US waited until this time to list him, but counterterrorism expert Rita Katz suggests that the Saudi government may have changed their stance due to increased al-Qaeda activity in Saudi Arabia. “I think they needed Saudi support, and now it seems to be in place.” However, there is no report of Batterjee being arrested or having his funds frozen in Saudi Arabia. [US Department of the Treasury, 12/21/2004; Chicago Tribune, 12/22/2004]

Entity Tags: Benevolence International Foundation, Adel Abdul Jalil Batterjee, US Department of the Treasury, United Nations, Rita Katz

Timeline Tags: Complete 911 Timeline

The European Commission announces that an index of euro-region executive and consumer sentiment has dropped to 65.4 from 67.2. This is a record low and is caused by the global economic crisis. Responding to this and other bad news Jacques Cailloux, chief euro area economist at Royal Bank of Scotland in London, says, “Today’s data has dashed any hope of a tentative stabilization” in the economy. He also predicts a change in policy by the European Central Bank (ECB): “Any sense that the ECB may pause after a March rate cut can be thrown out the window. They will go very low and they will have to start embarking on additional measures.” [Bloomberg, 2/26/2009]

Entity Tags: Royal Bank of Scotland, Jacques Cailloux

Timeline Tags: Global Economic Crises

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