British writer Julian Barnes and his novel about a man forced to come face-to-face with his past is the winner of the Booker Prize — one of the most prestigious awards for English-language literature. Head judge and former British spy agency chief Stella Rimington calls Barnes’ The Sense of an Ending a beautifully written book […]
British Writer Julian Barnes Wins Booker Prize
Posted October 18th, 2011 at 6:55 pm (UTC-5)
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Obama Slams Republicans, Offers Them 2nd Chance
Posted October 18th, 2011 at 6:50 pm (UTC-5)
U.S. President Barack Obama is blasting Republican lawmakers on the second day of his bus tour, accusing them of killing jobs and raising taxes on working people. Mr. Obama spoke Tuesday at a community center in Jamestown, North Carolina, and later at a high school in Emporia, Virginia, to rally support for his $447 billion […]
Moody’s Cuts Spanish Credit Rating
Posted October 18th, 2011 at 6:20 pm (UTC-5)
Moody’s has cut Spain’s credit rating by two notches and says the outlook for the Spanish economy is negative. The credit rating agency downgraded Spain’s rating Tuesday to A1 from Aa2. It says no credible resolution to the country’s debt crisis has emerged and that it will take time for confidence to return. Moody’s says […]
Indonesia’s President Reshuffles Cabinet
Posted October 18th, 2011 at 6:10 pm (UTC-5)
Indonesian President Susilo Bambang Yudhoyono has reshuffled his cabinet as part of an effort to rid the government of corruption and improve investor confidence. The president announced Tuesday that he has changed 12 of the country’s 34 ministries to improve the performance of the cabinet. Among the significant changes, Trade Minister Mari Elka Pangestu is […]
Greek Unemployment Nears Record High
Posted October 18th, 2011 at 5:40 pm (UTC-5)
Unemployment in Greece has risen to a near-record high as workers prepare for a two-day general strike to protest plans to cut salaries and fire 30,000 government workers. The Greek government Tuesday said the jobless rate hit 16.5 percent in July, just a shade below the record set in May. Young workers were the hardest […]
Britain, Canada Freeze Assets Over Alleged Iranian Plot
Posted October 18th, 2011 at 5:20 pm (UTC-5)
Britain and Canada have joined the United States and frozen the assets of five men in connection with the alleged Iranian plot to kill the Saudi ambassador to the United States. U.S. authorities froze the assets of the five one week ago. Canada and Britain followed on Tuesday. The men include the two Iranians that […]
Afghanistan: Security to Cost $5 Billion A Year After Foreign Pullout
Posted October 18th, 2011 at 5:20 pm (UTC-5)
Afghanistan says it will need roughly $5 billion a year to maintain security after coalition combat troops leave by the end of 2014, but that the exact cost will depend on the level of violence following the withdrawal. Afghan Defense Minister Abdul Rahim Wardak told journalists in Kabul that while Afghan security forces are capable […]
Afghanistan: Security to Cost $5 Billion A Year After Foreign Pullout
Posted October 18th, 2011 at 5:10 pm (UTC-5)
Afghanistan says it will need roughly $5 billion a year to maintain security after coalition combat troops leave by the end of 2014, but that the exact cost will depend on the level of violence following the withdrawal. Afghan Defense Minister Abdul Rahim Wardak told journalists in Kabul that while Afghan security forces are capable […]
Chinese National Pleads Guilty to Stealing US Trade Secrets
Posted October 18th, 2011 at 4:30 pm (UTC-5)
A Chinese-born scientist formerly employed by a research firm in the midwestern U.S. state of Indiana has pleaded guilty to stealing trade secrets and sending them illegally to China and Germany. Kexue Huang pleaded guilty Tuesday to one count of economic espionage and one count of theft of trade secrets in a district court in […]
Crude Oil Price Rises
Posted October 18th, 2011 at 4:25 pm (UTC-5)
Here are the prices of some key commodities traded in New York on Tuesday: Crude oil prices gained $1.96 to close at $88.34 a barrel. Coffee prices lost more than 2 cents to end at $2.32 per pound. Copper prices dropped nearly 2 cents to finish at $3.36 a pound. Cocoa futures slid $51 to […]
