Portal:Current events/2012 March 23

Current events of March 23, 2012 (2012-03-23) (Friday)

Business and economy The Financial Services Committee of the United States House of Representatives receives a memo quoting Edith O'Brien, the treasurer of defunct broker MF Global, to the effect that Jon S. Corzine was personally ordering the transfer of customers' money to a brokerage account with JP Morgan Chase last October. (Bloomberg) International relations Pope Benedict XVI arrives in Mexico and is greeted by thousands in Guanajuato, Guanajuato, and is also greeted by President Felipe Calderón. (BBC) The African Union suspends Mali's membership following a coup earlier in the week. (The Guardian via the Irish Times) Politics and elections In a statement by Pope Benedict XVI he says that Communism does not work for Cuba and that he is ready to help the island find new ways to move forward in a peaceful manner. (Reuters) U.S. President Barack Obama nominates current President of Dartmouth College Jim Yong Kim to be head of the World Bank.(Los Angeles Times)