U.S. President Barack Obama is visiting the commonwealth of Puerto Rico Tuesday, becoming the first sitting American president to make an official trip to the island in 50 years. The White House says President Obama will speak briefly at a welcome event when he arrives in San Juan. He then will meet with the island’s […]
Obama Making Rare Presidential Visit to Puerto Rico
Posted June 14th, 2011 at 8:55 am (UTC-5)
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IMF Narrows Field of Candidates for Top Spot
Posted June 14th, 2011 at 1:15 am (UTC-5)
The International Monetary Fund has narrowed its list of candidates for its top position. The IMF board says French Finance Minister Christine Lagarde and Mexican Central Bank Chief Agustin Carstens are the remaining contenders to lead the global lender. The move eliminates the bid of Israeli Central Bank chief Stanley Fischer, whose selection would have […]
Mexico City Mob Tries to Lynch Four Suspected Criminals
Posted June 14th, 2011 at 1:00 am (UTC-5)
Police and Mexico City have clashed with an angry mob demanding officers hand over four suspected criminals. Mexico City police say 11 of their officers were injured during the melee with hundreds of angry residents Police rescued the suspected criminals from possibly being beaten or killed by the mob in the district of Cuajimalpa. Residents […]
Peru’s Christ Statue Plan Angers Lima Residents
Posted June 13th, 2011 at 11:40 pm (UTC-5)
Peruvian President Alan Garcia’s plan to build the world’s tallest statue of Jesus in Lima has angered local residents. The statue is to be 22 meters tall and stand atop a 15 meter base. Residents fear the huge “Christ of the Pacific” statue will mar the scenic view of the Pacific coastline. Lima’s mayor Susana […]
Republican Presidential Hopefuls Debate Economy, Other Issues
Posted June 13th, 2011 at 8:40 pm (UTC-5)
The seven Republicans seeking their party’s nomination to oppose U.S. President Barack Obama in next year’s election participated in the first major debate of this campaign season Monday evening. The Republican contenders criticized President Obama’s handling of the economy at the event in Manchester, New Hampshire, and largely focused on how they would cut taxes […]
Venezuela Implements Measures to Conserve Energy
Posted June 13th, 2011 at 7:45 pm (UTC-5)
Venezuela has announced a package of measures aimed at saving electricity, saying consumption must be reduced by 10 percent. Vice President Elias Jaua announced the new regulations Monday, saying they are designed to avoid “inappropriate and excessive use” of electricity. The measures call for the country’s biggest energy consumers, such as industrial and commercial centers, […]
Obama Makes Rare Presidential Visit to Puerto Rico
Posted June 13th, 2011 at 7:15 pm (UTC-5)
U.S. President Barack Obama travels to the Caribbean Island of Puerto Rico Tuesday, becoming the first American leader in 50 years to visit the U.S. territory. The president is expected to draw attention to the $7 billion in stimulus money provided Puerto Rico when he confers with the island’s governor, Luis Fortuno. Governor Fortuno says […]
Republican Presidential Hopefuls Gather to Debate
Posted June 13th, 2011 at 5:30 pm (UTC-5)
The seven Republican politicians who are vying to be their party’s candidate in next year’s presidential election have gathered in New Hampshire for a debate. The northeastern state holds the first primary election early in 2012, nine months before November when the Republican nominee will seek to unseat U.S. President Barack Obama — a Democrat. […]
US Jury Convicts 3 in Insider Trading Case
Posted June 13th, 2011 at 12:45 pm (UTC-5)
A U.S. federal jury has convicted three Wall Street traders of fraud as part of a government crackdown on insider trading in the hedge fund industry. The jury in New York’s Manhattan district announced the guilty verdicts Monday in the cases of former Galleon trader Zvi Goffer, his brother Emanuel and Michael Kimelman. The three […]
Obama Travels to North Carolina for Jobs Meeting
Posted June 13th, 2011 at 9:55 am (UTC-5)
U.S. President Barack Obama travels to North Carolina Monday to hear private-sector proposals for boosting job creation, as he tries to reassure voters worried about a slow economic recovery. Mr. Obama will meet in the city of Durham with 26 business leaders he appointed in to a Jobs and Competitiveness Council. Council leader Jeffrey Immelt, […]
