U.S. President Barack Obama says he can not guarantee that there will be money to pay millions of pension checks scheduled to go out on August 3, unless a deal can be made with opposition Republicans on difficult debt issues. He spoke in a television interview by CBS, which put some of his remarks on […]
Obama Says Debt Deal Needed To Guarantee Pension Checks
Posted July 12th, 2011 at 1:55 pm (UTC-5)
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US Businesses: Outlook Dire Without Debt Deal
Posted July 12th, 2011 at 1:55 pm (UTC-5)
Some of America’s leading business organizations are pleading with the president and lawmakers to raise the country’s debt limit. A coalition of business groups sent a letter to President Barack Obama and lawmakers Tuesday, warning that any default would have a disastrous impact on the economy, and calling it “a risk our country must not […]
Chinese Delegation Stresses Relationship With North Korea
Posted July 12th, 2011 at 1:50 pm (UTC-5)
A senior Chinese official is in North Korea to mark the 50th anniversary of the friendship treaty between the two countries. Chinese Vice Premier Zhang Dejiang is leading a delegation that is stressing the relationship between Beijing and Pyongyang. He met Tuesday with Kim Yong Nam, the head of North Korea’s Supreme People’s Assembly. North […]
Guatemala Arrests Two in Folk Singer Killing
Posted July 12th, 2011 at 1:35 pm (UTC-5)
Guatemala has arrested two men in connection with the fatal shooting of Argentine folk singer Facundo Cabral Saturday in Guatemala City. News reports Tuesday quote a spokesman for the International Commission against Impunity in Guatemala, Diego Alvarez, as saying one of those arrested had hired gunmen who carried out the killing. Reuters news agency quotes […]
Abbas: Lack of Quartet Statement a Bad Sign for Peace Prospects
Posted July 12th, 2011 at 1:25 pm (UTC-5)
Palestinian President Mahmoud Abbas says the lack of a statement from a meeting of the Middle East Quartet of peace mediators is a bad sign because it reflects divisions in how to revive Israeli-Palestinian peace talks. U.S. Secretary of State Hillary Clinton hosted Monday’s “Quartet” meeting in Washington with U.N. Secretary-General Ban Ki-moon, Russian Foreign […]
Bangladesh Mourns Children Killed in Bus Crash
Posted July 12th, 2011 at 1:20 pm (UTC-5)
Schools across southeastern Bangladesh were closed Tuesday as people mourned 42 schoolchildren killed this week in a tragic bus accident. The country will hold its official day of mourning Wednesday, with the education ministry asking students, teachers and officials to say a special prayer and wear black badges as a symbol of their loss. The […]
Afghan President’s Brother Assassinated
Posted July 12th, 2011 at 1:20 pm (UTC-5)
Afghan President Hamid Karzai’s younger brother – a powerful figure in the country’s south – has been assassinated at his home by a trusted bodyguard. Afghan officials say Ahmad Wali Karzai was shot and killed Tuesday by a senior member of his security detail in Kandahar city. The gunman, who was identified as Sardar Mohammad, […]
Wary US Markets Mixed at Midday
Posted July 12th, 2011 at 1:05 pm (UTC-5)
U.S. stock market indexes were mixed in Tuesday’s midday trading as concerns about Europe’s debt crisis weighed on investors. The Dow Jones Industrial Average rose three-tenths of a percent. The S&P 500 gained less than one-tenth of a percent. And the NASDAQ slipped four-tenths of a percent. European stock markets closed lower. London’s Financial Times […]
Suspected US Drone Strikes Kill 42 Militants in Pakistan
Posted July 12th, 2011 at 12:55 pm (UTC-5)
Pakistani officials say suspected U.S. drone strikes have killed at least 42 militants in Pakistan’s northwest in the past two days, in one of the heaviest barrages on suspected militant compounds in recent months. The strikes Monday and Tuesday targeted three suspected compounds and a vehicle in the North and South Waziristan tribal areas, which […]
Cyprus: UN Would Not Authorize Disposal of Munitions that Caused Blast
Posted July 12th, 2011 at 12:55 pm (UTC-5)
Cyprus says it tried to get rid of the containers of confiscated munitions that exploded Monday, killing 12 people, including the Cypriot naval commander. But spokesman Stefanos Stefanou said the Cypriot government received no reply from the U.N. Security Council, whose authorization he said was needed to transport the containers off the Mediterranean island. The […]
