So dire are global financial conditions that they will cost 20 million people their jobs by the end of next year, the UN's International Labor Organization (ILO) projected Monday. It singled out the auto, construction, financial services, and real estate industries as likely to be the hardest hit. No regional projections were offered, but the ILO said countries with large domestic markets that don't rely heavily on exports are better equipped than most to weather the crisis.
Prime Minister-designate Tzipi Livni of Israel was given two more weeks Monday to try to form a coalition government. Political observers said Livni, currently the foreign minister and leader of the Kadima Party, has won a preliminary OK from the rival Labor Party to join but has yet to convince the ultraorthodox Shas Party to do so. She must line up enough support by Nov, 3 or else Israelis will have to vote in a new election in late January.
With hundreds of their supporters rallying outside, 86 people went on trial Monday in Istanbul for allegedly plotting to overthrow Turkey's government. But the proceedings descended into chaos as the defendants complained they couldn't hear because the courtroom was overcrowded. Many of the accused are secularists fiercely opposed to Prime Minister Recep Tayyip Erdogan's Islamic-oriented administration. The trial, which already has unsettled the nation's financial markets, is expected to take months to complete.