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Credit: Business Recorder The Asian Development Bank (ADB) has provided a loan of $300 million to Indonesia to support its master plan for the acceleration and expansion of its economic development 2011-2025. This loan is intended for the improvement of the domestic and international connectivity. In its press release on Friday, November 16, 2012, the ADB mentioned that it is going to work together with the Indonesian government to decrease the infrastructure gap and increase the access to poo

Credit: Business Recorder The Asian Development Bank (ADB) has provided a loan of $300 million to Indonesia to support its master plan for the acceleration and expansion of its economic development 2011-2025. This loan is intended for the improvement of the domestic and international connectivity. In its press release on Friday, November 16, 2012, the ADB mentioned that it is going to work together with the Indonesian government to decrease the infrastructure gap and increase the access to poo

Energy experts now say that the “Rebirth of the Rust Belt” may emancipate the United States from much of its oil dependency by the year 2020, with states such as Ohio, Pennsylvania and Michigan on the front line. The International Energy Agency released a study that suggests the US will surpass Saudi Arabia’s title as the world’s largest oil producer in less than a decade, with a process known as hydraulic fracturing, or “fracking,” which has put oil and natural gas output on a striking rise.

With little surprise, the newly elected independent Senator from Maine, Angus King, declared that he will join the Democratic Caucus at a press conference on Wednesday. The announcement followed Senator King's consultation with Majority Leader Harry Reid, and will tally 55 Democratic members in the Senate. Since the Democrats retained the majority in the Senate this election, King's decision did not come as a surprise. Sen. King noted, “affiliating with the majority makes the most sense”. Sinc

During this election cycle, IVN covered third party candidates to ensure voters could access information about the wide range of choices they had at the ballot box. Gary Johnson, from the Libertarian Party, received 1,139,562 votes which represents 0.9% of the popular vote. He is the third party candidate who has done the best this year, but fell far short of the 5% needed to receive public funding for the 2016 Libertarian candidate. He is, however, the most successful Libertarian Party candida

Credit: Wikimedia.org The United States Senate has 12 new Members joining its ranks. The balance of power essentially remains unchanged as the Democratic Party retains its majority while Angus King replaces fellow Independent Joe Lieberman. Below is a short bio on each new Senator-elect. Angus King, I - ME Angus King is the former governor of Maine, and will replace Joe Lieberman as the second independent Senator in its chambers. King will fill Sen. Olympia Snowe's seat who is retiring, and h

Credit: Chris Murphy for Senate Democrat Chris Murphy has won the Connecticut Senate race against Republican Linda McMahon. Murphy has 60 percent of the vote as of 5:45pm Pacific and CNN has called the race while final votes are counted. The race was created by Independent Connecticut Joe Lieberman who announced his retirement from the Senate in January 2011. Both parties look to pick up the Senate seat held by the “independent Democrat” who was unaffiliated but caucused with the Democrats and

It's been a long, long road, but the big day has finally arrived: Election 2012. It has been a media frenzy to a near apocalyptic end, with so many important races to watch, but they warrant the attention. This election's lofty implications and expectations are a test of our heralded theory of governance, a test of democracy in America. Importantly, a declaration of independence by so many voters has indicated a distinct and special shift in the status quo, giving this election an undeniable air

[Update 5:20 PM PST] Independent candidate Angus King is projected, by CNN, to win the Senate seat in Maine. -- [Update 5:15 PM PST] In Ohio, 1.8 million voters cast their ballot early or by absentee ballot. It could still be some time before we know a victory. CNN projects Georgia will go to Mitt Romney. In Florida, over half of the precincts are reporting a very slight lead for Romney now. This is the first time the GOP candidate has taken the lead tonight. His lead is 52-47. -- [Updat

[Update 8:18 PM PST] IVN.us announces Barack Obama has been re-elected to a second term. [Update 8:17 PM PST] CNN projects President Barack Obama will win re-election by taking the state of Ohio. [Update 8:15 PM PST] With the projection of Oregon going to Obama, statistically speaking it is very unlikely Romney will be able to pull off a victory because one more state will put the president over the top. CNN also projects Missouri to be carried by Mitt Romney. -- [Update 8:10 PM PST] Th