A little-known Chinese debt rating agency has downgraded the U.S. credit rating. The agency, Dagong Global Credit Rating, lowered its rating for U.S. debt from A-plus to A, saying the deal reached in Washington this week will not solve the underlying U.S. debt problems or improve the country’s ability to pay. The action comes as […]
Chinese Rating Agency Downgrades US Debt Despite Deal
Posted August 2nd, 2011 at 11:10 pm (UTC-5)
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Slain Libyan Rebel Leader’s Family Seeks Justice
Posted August 2nd, 2011 at 9:35 pm (UTC-5)
The son of the Libyan rebel military leader assassinated last week has accused what he calls “traitors” within the opposition of killing his father. General Abdel Fattah Younis’ son tells the Associated Press his family does not have a clear idea who killed his father. But he used the term “individuals among us” and said […]
Space Shuttle Columbia Fuel Tank Found in Dried Up Texas Lake
Posted August 2nd, 2011 at 9:10 pm (UTC-5)
The severe drought in eastern Texas has exposed a grim artifact. A piece of the ill-fated Space Shuttle Columbia was found in a dried-up lake north of Houston, Texas. NASA engineers confirm that the large globe-shaped piece was one of 18 fuel tanks that plunged to Earth or disintegrated when Columbia broke apart upon reentry […]
Nigeria Seeks Information About Militant Sect
Posted August 2nd, 2011 at 9:05 pm (UTC-5)
A radical Islamist sect `bombed a checkpoint in northern Nigeria the same day the government established a new committee tasked with investigating the group. An army spokesman said suspected Boko Haram militants exploded a bomb Tuesday in the town of Maiduguri. There were no casualties from the blast, but the spokesman said there may have […]
China to Monitor Implementation of US Debt Ceiling Bill
Posted August 2nd, 2011 at 8:55 pm (UTC-5)
The governor of China’s central bank says he welcomes passage of the U.S. debt ceiling bill, and will closely observe its implementation. In a statement Wednesday, Zhou Xiaochuan said China hopes the Obama administration and Congress take responsible policy measures to deal with the U.S. debt issue, to help protect worldwide financial interests and investors […]
Senate Starts Vacation Without Passing FAA Funding Bill
Posted August 2nd, 2011 at 8:40 pm (UTC-5)
The U.S. Senate has gone on a five-week vacation without renewing the operating authority of the Federal Aviation Administration. The agency that oversees the nation’s airlines and air traffic partially shut down on July 23 and may not return to full operation for at least another month. President Barack Obama made a last-minute appeal Tuesday, […]
Lawyer: Norway Attacker Makes ‘Unrealistic’ Demands
Posted August 2nd, 2011 at 8:35 pm (UTC-5)
The Norwegian man who has confessed to killing 77 in the twin attacks in his country last month has presented a list of demands he wants to exchange for sharing information about his alleged crime. The defense lawyer for Anders Behring Breivik told reporters Tuesday that his client has made a long list of “unrealistic” […]
Tropical Storm Emily Heads Toward Hispaniola
Posted August 2nd, 2011 at 8:25 pm (UTC-5)
Tropical storm warnings and watches are posted for parts of the Caribbean as Tropical Storm Emily moves on a track that is expected to bring its center across Hispaniola Wednesday. Haiti and the Dominican Republic share the island of Hispaniola. The news is particularly bad for Haiti, where thousands of people still live in tent […]
Obama Signs Debt Bill; US Avoids Default
Posted August 2nd, 2011 at 8:10 pm (UTC-5)
The United States can now meet its financial obligations without the threat of default after President Barack Obama signed a compromise debt ceiling bill Tuesday. But the battle in Congress on just how much and where to cut government spending as part of that compromise could soon flare up again. The deal that the House […]
Trial on Resting Place for Ex-Venezuelan President Delayed
Posted August 2nd, 2011 at 7:55 pm (UTC-5)
Court sources in Miami, Florida say a trial to decide the final resting place for former Venezuelan president Carlos Andres Perez has been postponed, following a request from relatives trying to settle a dispute over the issue. A spokeswoman for the 11th Judicial Circuit Court, Eunice Sigler, Tuesday said the trial was to have begun […]
