Nigeria’s intelligence agency says some members of the radical Islamist sect Boko Haram are being funded by local politicians. The State Security Service (SSS) said Monday that its arrest of an alleged Boko Haram spokesman confirmed its view that, in the agency’s words, “some of the Boko Haram extremists have political patronage and sponsorship.” The […]
Nigeria Accuses Politicans of Funding Boko Haram
Posted November 21st, 2011 at 1:05 pm (UTC-5)
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UK Cuts Ties With Iranian Banks, US Set for More Sanctions
Posted November 21st, 2011 at 12:55 pm (UTC-5)
Western nations are increasing economic pressures against Iran in response to international concerns that Tehran is developing nuclear weapons. British Treasury chief George Osborne announced Monday Britain will stop business transactions with all banks in Iran, including Iran’s Central Bank. He said it is the first time Britain has cut ties with the entire banking […]
Kosovo, Serbia Resume Talks on Improving Relations
Posted November 21st, 2011 at 12:45 pm (UTC-5)
Serbia and Kosovo have resumed negotiations, after Serbia walked out of European Union-mediated talks in September. The two sides began talks Monday in Brussels, with both Kosovo and Serbian leaders expressing hope for progress in resolving a long-running customs dispute expected to top the agenda of the two-day meeting. The dispute at a border crossing […]
Financial Markets Unimpressed With Rajoy’s Sweeping Spanish Win
Posted November 21st, 2011 at 12:40 pm (UTC-5)
The landslide victory of Spanish Prime Minister-elect Mariano Rajoy failed to quiet Spain’s economic turmoil Monday. The country’s borrowing costs edged closer to the 7 percent interest rate at which Greece, Ireland and Portugal needed to secure international bailouts, while a key Madrid stock index slid more than 3 percent. Some analysts said Mr. Rajoy […]
What if the Supercommittee Fails?
Posted November 21st, 2011 at 12:35 pm (UTC-5)
What if the supercommittee fails? Spending cuts totaling $1.2 trillion will be triggered if the supercommittee does not reach a deal. The cuts are to be split between defense and non-defense spending, estimated at $55 billion in each type of spending per year from 2013 through 2021. U.S. Defense Secretary Leon Panetta has warned that […]
Gambia’s President Seeks 4th Term
Posted November 21st, 2011 at 12:30 pm (UTC-5)
Gambia’s longtime ruler, who has said only God can remove him from power, is seeking a fourth term in a presidential election this Thursday. President Yahya Jammeh is expected to extend his rule, after opposition candidates failed to create a coalition in a bid to unseat him. While campaigning earlier this month, Mr. Jammeh said […]
US Debt Squabble Hurts Stocks
Posted November 21st, 2011 at 12:05 pm (UTC-5)
The possible failure of negotiations aimed at slashing the massive U.S. debt discouraged investors Monday. In early U.S. trading, stocks were off around 2 percent. European shares were hit a bit harder, and Asian stocks lost somewhat less. News from the troubled U.S. housing sector was more positive. The National Association of Realtors says home […]
Afghan Commission to Pakistan for Rabbani Probe
Posted November 21st, 2011 at 11:20 am (UTC-5)
Afghanistan is sending a delegation to Pakistan to probe the assassination of peace envoy and former Afghan President Burhanuddin Rabbani. Presidential spokesman Aimal Faizi told reporters in Kabul Monday that Pakistan has agreed to accept the group, which could leave as early as Tuesday. A suicide bomber posing as a Taliban envoy killed Mr. Rabbani […]
NYC Police Arrest Bomb Plot Suspect
Posted November 21st, 2011 at 11:05 am (UTC-5)
Police in New York have arrested a man they say was plotting to attack post offices, police cars and soldiers returning from serving in Iraq and Afghanistan. New York Mayor Michael Bloomberg told reporters Sunday 27-year-old Jose Pimentel was inspired by al-Qaida, but that he was working as a “lone wolf,” and not as part […]
US Debt Reduction Effort Nears Failure
Posted November 21st, 2011 at 11:00 am (UTC-5)
The latest effort to cut the U.S. government’s debt apparently has ended in failure. Leaders of a special debt reduction committee of the U.S. Congress plan to announce that they failed in their mandate from lawmakers to trim the federal debt by $1.2 trillion over the next decade. The 12-member “supercommittee” has a Monday night […]
