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US House Rejects Balanced Budget Amendment

Posted November 18th, 2011 at 5:40 pm (UTC-5)
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The U.S. House of Representatives has rejected legislation to force Congress to balance its budget, the latest development as lawmakers look for ways to cut spending. Friday’s vote of 261 for and 165 against failed to reach the two-thirds majority needed for passage. The measure, pushed by majority Republicans, would have amended the U.S. Constitution […]

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Greece Says Its Deficit will Decrease, Even as Economic Woes Continue

Posted November 18th, 2011 at 5:25 pm (UTC-5)
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Greece is predicting that its budget deficit will decrease sharply next year, even as its economy continues to contract and unemployment increases. The interim Greek government unveiled its 2012 austerity budget to parliament Friday. It says the spending plan must be adopted soon for the country to secure an $11-billion installment from last year’s international […]

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NYC Authorities: ID Theft Ring Recruited Waiters to Steal Information

Posted November 18th, 2011 at 4:50 pm (UTC-5)
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Authorities in New York City say a ring of identity thieves recruited waiters at high-end restaurants to steal credit card numbers that were later used to obtain more than $1 million dollars’ worth of cash and goods. The office of Manhattan District Attorney Cyrus Vance, Jr. said Friday that 27 people have been arrested in […]

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Nearly 3 Million Facing Hunger in Afghanistan

Posted November 18th, 2011 at 4:25 pm (UTC-5)
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A group of aid agencies has warned that nearly three million people in Afghanistan are facing hunger as the region’s harsh winter months approach. The group of nine charities, including Oxfam and Save the Children, said Friday this year’s severe drought has left communities with very little food. The agencies said the scarcity, combined with […]

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US House Rejects Balanced Budget Amendment

Posted November 18th, 2011 at 3:35 pm (UTC-5)
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The U.S. House of Representatives has rejected legislation to force Congress to balance its budget, the latest develpment as lawmakers look for ways to cut spending. The measure, in a vote Friday of 261 in favor and 165 against, failed to reach the two-thirds majority needed for passage. The legislation, pushed by majority Republicans, would […]

Tags: , , , Posted in US

US Peace Corps Withdrawing from Kazakhstan

Posted November 18th, 2011 at 3:35 pm (UTC-5)
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The U.S. Peace Corps is ending its presence in Kazakhstan in a move that follows a wave of Islamist militant attacks. The Peace Corps said Friday that it is pulling its nearly 120 volunteers from the Central Asian nation. The organization said it suspended the program “based on a number of operational considerations,” but did […]

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Pope Benedict to Africans: Shun Destructive Market Forces

Posted November 18th, 2011 at 3:10 pm (UTC-5)
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Pope Benedict has urged Africans to shun what he called destructive market forces as the continent races toward modernization. The pontiff arrived in Benin’s commercial capital of Cotonou on Friday, where he was warmly greeted by thousands of people. Many displayed photos of the 84-year-old Roman Catholic Church leader and wept as he drove past […]

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A Look at Provisions in the IAEA’s Resolution on Iran

Posted November 18th, 2011 at 3:00 pm (UTC-5)
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The 35-member board of the International Atomic Energy Agency adopted a resolution that criticizes Iran over its disputed nuclear program. Here are the major provisions of the resolution. – The resolution expresses “deep and increasing concern” about unresolved issues concerning Tehran’s nuclear activities and its possible development of an atomic weapon. – It stresses the […]

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At Least 16 Killed By Syrian Security Forces

Posted November 18th, 2011 at 2:30 pm (UTC-5)
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Activists say Syrian security forces killed at least 16 people on Friday as they launched new raids in some regions and also shot at anti-government protesters. They say the majority of deaths occurred in the southern Daraa region. Protesters who rallied across Syria urged foreign countries to expel their Syrian ambassadors. Their calls follow a […]

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US Revokes Use of Breast Cancer Drug

Posted November 18th, 2011 at 2:25 pm (UTC-5)
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The U.S. has revoked use of one of the world’s best-selling cancer drugs as a treatment for advanced breast cancer. Government health officials said Friday there is no proof that the use of Avastin extends the lives of patients and that its use may produce dangerous side effects. The commissioner of the U.S. Food and […]

Tags: , , Posted in Economy