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Leaders of the BRICS nations pose for a group photo during the summit in Fortaleza, Brazil, in July. From left: Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, Brazilian President Dilma Rousseff, Chinese President Xi Jinping and South African President Jacob Zuma. The leaders of the BRICS nations are expected to officially create a bailout and development fund worth $100 billion. (Associated Press)

Emerging economic powers to challenge U.S., IMF with own aid bank

By Patrice Hill - The Washington Times

BOOK REVIEW: ‘Brazil: The Fortunes of War’

By Martin Rubin - Special to The Washington Times

U.S. bests Iran to advance to the Gold Medal match at the FIVB World League Finals

By Phillip Swarts - The Washington Times

Brazil's coach Luiz Felipe Scolari gestures during a press conference at the Granja Comary training center in Teresopolis, Brazil, Wednesday, July 9, 2014. Brazilians woke up this morning to dreadful headlines describing their soccer team's historic defeat of 7-1 to Germany in the World Cup's semifinal. (AP Photo/Leo Correa)

Luiz Felipe Scolari out as Brazil coach after World Cup crash

By Tales Azzoni - Associated Press

Germany's Mario Goetze (19) celebrates after scoring the opening goal during the World Cup final soccer match between Germany and Argentina at the Maracana Stadium in Rio de Janeiro, Brazil, Sunday, July 13, 2014. (AP Photo/Matthias Schrader)

Germany wins World Cup title on Mario Goetze goal in extra time

By Mattias Karen - Associated Press

Argentina's Lionel Messi jogs during an official training session at Vasco da Gama Stadium a day before the World Cup soccer final between Germany and Argentina in Rio de Janeiro, Brazil, Saturday, July 12, 2014. (AP Photo/Victor R. Caivano)

World Cup final: Argentina, Germany set for marquee clash

By John Leicester - Associated Press

Netherlands' Robin van Persie celebrates after scoring his team's first goal on a penalty shot during the World Cup third-place soccer match between Brazil and the Netherlands at the Estadio Nacional in Brasilia, Brazil, Saturday, July 12, 2014. (AP Photo/Natacha Pisarenko)

World Cup: Dutch down Brazil in third-place game

By Tales Azzoni - Associated Press

A woman from Brazil and a man from Argentina dance samba at the World Cup Fan Fest 2014, on Copacabana beach, in Rio de Janeiro, Brazil, Wednesday, July 9, 2014. The flood of foreign football fans, the vast majority of them men, has been a boon for the single ladies of Brazil, where a demographic imbalance means women outnumber men by more than 4 million nationally. (AP Photo/Silvia Izquierdo)

World Cup: It’s raining men in Brazil as women samba with visitors

By Jenny Barchfield - Associated Press

German soccer fans celebrate after their team won the Brazil World Cup semi final being played in Belo Horizonte, Brazil, between Germany and Brazil at a public viewing event called 'Fan Mile' in Berlin, Tuesday, July 8, 2014. (AP Photo/Markus Schreiber)

World Cup: Germany delighted, astonished by Brazil soccer rout

By Geir Moulson - Associated Press

Nepal teenager commits suicide after Brazil defeat

Associated Press

Argentina's Maxi Rodriguez, left, celebrates with goalkeeper Sergio Romero after scoring the decisive goal during the World Cup semifinal soccer match between the Netherlands and Argentina at the Itaquerao Stadium in Sao Paulo, Brazil, Wednesday, July 9, 2014. Argentina beat the Netherlands 4-2 in a penalty shootout to reach the World Cup final. (AP Photo/Frank Augstein)

World Cup: Argentina beats Netherlands in shootout to reach final

By Mike Corder - Associated Press

Germany's Andre Schuerrle celebrates after scoring his side's sixth goal during the World Cup semifinal soccer match between Brazil and Germany at the Mineirao Stadium in Belo Horizonte, Brazil, Tuesday, July 8, 2014. (AP Photo/Martin Meissner)

World Cup: Germany mauls Brazil to reach final

By Chris Lehourites - Associated Press

Germany's Miroslav Klose, 2nd right, celebrates after scoring his side's second goal during the World Cup semifinal soccer match between Brazil and Germany at the Mineirao Stadium in Belo Horizonte, Brazil, Tuesday, July 8, 2014. (AP Photo/Martin Meissner)

World Cup stunner: Germany leads Brazil 5-0 at half

By Chris Lehourites - Associated Press