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US Investment Bank Says US, Europe Close to New Recession

Posted August 18th, 2011 at 2:25 pm (UTC-5)
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A U.S. investment bank says that the United States and Europe are “dangerously close” to a new recession because of economic policy errors they have made. Wall Street bank Morgan Stanley warned Thursday that the U.S., along with the 17-nation bloc of European countries employing the common euro currency, are hovering close to a recession […]

Tags: , , , , Posted in Economy

US, China Basketball Game Erupts in Melee

Posted August 18th, 2011 at 2:05 pm (UTC-5)
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A goodwill basketball game between a Chinese basketball club and a U.S. collegiate team turned ugly Thursday in Beijing, when players from both teams exchanged blows and spectators threw full water bottles at the U.S. team as it withdrew from the contest to the safety of its locker room. The U.S. coach, Georgetown University’s John […]

Months of Unrest Led to U.S. Call for Assad to Resign

Posted August 18th, 2011 at 1:35 pm (UTC-5)
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Tensions in Syria began to build early in the year with the rise of the Arab Spring protests in Tunisia, Egypt, and other north African and Middle Eastern countries. Syrian government forces have tried to quell the protests in the country with deadly force. Rights groups and activists say at least 1,800 civilians have been […]

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US Stocks Plunge Thursday, Following European, Asian Losses

Posted August 18th, 2011 at 1:25 pm (UTC-5)
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U.S. stock indexes plunged in midday trading Thursday, echoing losses on European and Asian markets. The Dow Jones Industrial Average of 30 key stocks is off 3.6 percent, with the broader S & P 500 down 4.1 percent. The technology-heavy NASDAQ index is down 4.4 percent. Stocks closed sharply lower in Europe. London’s Financial Times […]

Tags: , , , Posted in Economy

PKK Says Turkish Strikes Coming Up Empty

Posted August 18th, 2011 at 1:15 pm (UTC-5)
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The separatist Kurdistan Workers’ Party says Turkey’s latest offensive is having little impact. PKK Foreign Affairs Spokesperson Ahmet Deniz tells VOA Turkish airstrikes failed to inflict any casualties on PKK forces in northern Iraq. He said the strikes destroyed only one home and damaged a power distribution unit. The PKK’s response Thursday follows confirmation from […]

Tags: , , , Posted in Europe

US Investment Bank Says US, Europe Close to New Recession

Posted August 18th, 2011 at 1:00 pm (UTC-5)
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A U.S. investment bank says that the U.S. and Europe are “dangerously close” to a new recession because of economic policy errors they have made. Wall Street bank Morgan Stanley warned Thursday that the U.S. and the 27-nation European Union are hovering close to a recession within the next year, which it defined as economic […]

Tags: , , Posted in Economy

US & European Stocks Plunge

Posted August 18th, 2011 at 12:55 pm (UTC-5)
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Stock prices plunged on U.S. and European exchanges Thursday, as the DAX index in Germany fell almost 7 percent at one point, and the U.S. benchmark Dow index was off more than 4 percent. Losses on both exchanges eased somewhat in later trading. The sell-off followed forecasts of lower economic growth and continuing worries about […]

Tags: , , , Posted in Economy

Indian Anti-Corruption Activist to Launch Public Hunger Strike Friday

Posted August 18th, 2011 at 12:55 pm (UTC-5)
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A leading Indian activist plans to launch a massive public hunger strike Friday to demand tougher anti-corruption legislation, in a campaign that has sparked nationwide protests. Anna Hazare reached a deal with police Thursday to leave jail and hold the 15-day public demonstration at an open-air New Delhi venue capable of holding 25,000 people. In […]

Tags: , , , Posted in South Asia

Obama Heads for Vacation, After Midwest Tour

Posted August 18th, 2011 at 12:45 pm (UTC-5)
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U.S. President Barack Obama begins a 10-day vacation Thursday, after spending the first half of the week touring the rural Midwest listening to concerns from residents about the economy. Some critics have faulted Mr. Obama for vacationing during a time of economic difficulty and picking the wealthy resort island of Martha’s Vineyard in Massachusetts for […]

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Israel Retaliates for Deadly Attacks Near Sinai

Posted August 18th, 2011 at 12:40 pm (UTC-5)
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Israeli jets attacked the southern Gaza Strip Thursday after the government blamed Gaza militants for a series of deadly raids in southern Israel. Israeli military officials say at least five people were killed in the airstrike. The Reuters news agency says the dead included a chief of the Popular Resistance Committee, an armed Palestinian faction. […]

Tags: , , , Posted in Middle East