U.S. President Barack Obama is proposing higher taxes on the wealthy, cuts in some social programs and less military spending in a package intended to cut the huge U.S. debt by another $3 trillion over 10 years. In a White House speech Monday, Mr. Obama called on all Americans, including the wealthy and corporations, to […]
President Obama Offers Deficit Reduction Plan
Posted September 19th, 2011 at 12:32 pm (UTC-5)
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Pakistan Struggles to Help Flood Victims
Posted September 19th, 2011 at 12:25 pm (UTC-5)
Authorities in Pakistan are struggling to get aid to the tens of thousands of flood victims in the country’s south. The Pakistani military said Monday that troops have been deployed to districts throughout Sindh province and have rescued 58,000 people stranded by the rising water. Security forces have also distributed 885 tons of food and […]
FBI: Crime Continues to Decline in US
Posted September 19th, 2011 at 12:08 pm (UTC-5)
Violent crime has declined 6 percent in the United States in 2010 for the fourth consecutive year. An FBI report released Monday said burglaries, theft and other crimes against property dropped 2.5 percent, for the eighth year in a row. Nationwide, an estimated 1.2 million violent crimes and about 9 million property crimes occurred last […]
Credit Suisse Settles German Tax Evasion Case for $207 million
Posted September 19th, 2011 at 12:05 pm (UTC-5)
Switzerland’s second largest bank, Credit Suisse, has agreed to pay $207 million to German authorities to end an investigation into hidden assets held by German clients. The settlement announced Monday settles an inquiry by prosecutors in Dusseldorf into whether the bank helped German nationals avoid taxes when they sent their money to Credit Suisse. The […]
Factbox: Obama’s Deficit Reduction Plan
Posted September 19th, 2011 at 11:55 am (UTC-5)
President Barack Obama’s more than $3 trillion deficit and debt reduction plan includes: $1.5 trillion in additional revenue, from taxes on wealthy individuals and corporations Most new tax revenue would come from Americans making more than $250,000 per year More than $1 trillion savings from bringing troops home from Afghanistan and Iraq Cutting more than […]
Kenya’s Deputy PM to Appear Before ICC
Posted September 19th, 2011 at 11:50 am (UTC-5)
Kenya’s deputy prime minister is set to appear before the International Criminal Court on charges he helped orchestrate deadly post-election violence in his country. Uhuru Muigai Kenyatta is scheduled to attend a hearing at The Hague on Wednesday, along with two co-defendants, Kenyan Cabinet Secretary Francis Kirimi Muthaura and former police chief Mohammed Hussein Ali. […]
Helicopters Drop Food for India Quake Survivors
Posted September 19th, 2011 at 11:50 am (UTC-5)
Indian authorities have begun air-dropping relief supplies to survivors of an earthquake that killed at least 63 people in northeastern India and neighboring countries. Authorities said Monday Indian Air Force helicopters made several food drops to villagers in the mountainous state of Sikkim, the epicenter of the magnitude 6.9 earthquake that struck the region a […]
President Obama Offers Deficit Reduction Plan
Posted September 19th, 2011 at 11:42 am (UTC-5)
U.S. President Barack Obama is proposing higher taxes on the wealthy, cuts in some social programs and less military spending in a package intended to eventually cut the huge U.S. debt by another $3 trillion. In a White House speech Monday, Mr. Obama called on all Americans, including the wealthy and corporations, to pay a […]
IMF, EU Pressure Greece on Austerity
Posted September 19th, 2011 at 11:25 am (UTC-5)
The International Monetary Fund and European Union are increasing pressure on Greece to carry out its budget austerity measures if it hopes to receive more financial assistance and avoid default on its loans next month. The IMF’s representative in Greece, Bob Traa, said Monday that the Athens government must quickly sell some state-owned operations to […]
British Sailor Pleads Guilty to Murder on Nuclear Submarine
Posted September 19th, 2011 at 11:25 am (UTC-5)
A Royal Navy sailor has pleaded guilty to shooting an officer to death and firing at three other crewmen on a British nuclear submarine. Able Seaman Ryan Donovan admitted Monday that he killed Lieutenant Commander Ian Molyneux on the HMS Astute, while the submarine was docked in the port city of Southampton in April. Donovan […]
