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Global Markets Higher As US Congress Averts Financial Crisis

Posted January 2nd, 2013 at 2:45 pm (UTC-5)
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World markets are opening the new year on a high note, after the U.S. Congress reached a deal to avert an early 2013 financial crisis that threatened to send the world’s largest economy into recession. In the U.S., key stock markets all jumped about 2 percent in Wednesday trading. Stocks also surged in Europe, with […]

Tags: , , , , , Posted in Economy

Body of Indian Rape Victim Returns Home

Posted December 29th, 2012 at 8:05 pm (UTC-5)
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The body of a woman whose gang rape provoked violent protests in India arrived in New Delhi early Sunday. The 23-year-old unidentified woman died of severe organ failure in a Singapore hospital after suffering internal injuries and brain damage in the attack. Indian authorities have charged six men with murder. Police say the men could […]

Tags: , , , , Posted in South Asia

Obama ‘Modestly Optimistic’ on Last-Minute Fiscal Deal

Posted December 28th, 2012 at 6:30 pm (UTC-5)
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U.S. President Barack Obama says he is “modestly optimistic” that a deal can be reached with Congress to avert a looming set of tax hikes and spending cuts that threaten to plunge the U.S. economy back into recession. Mr. Obama told reporters Friday that Republican Senator Mitch McConnell and Democratic Senator Harry Reid were working […]

Tags: , , , , Posted in US

Singapore Hospital: Indian Rape Victim’s Condition Deteriorates

Posted December 28th, 2012 at 11:25 am (UTC-5)
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A Singapore hospital treating the Indian student who was brutally gang-raped in New Delhi says the woman “has taken a turn for the worse.” The CEO of Mount Elizabeth Hospital, Dr. Kelvin Loh, issued an update on the 23-year-old’s medical condition late Friday, saying “her vital signs are deteriorating with signs of severe organ failure.” […]

Tags: , , , , Posted in South Asia

Obama Returns to Washington, House Called Back for Fiscal Cliff Negotiations

Posted December 27th, 2012 at 4:05 pm (UTC-5)
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U.S. President Barack Obama cut short his Hawaiian holiday and flew back to Washington Thursday as the deadline for avoiding the fiscal cliff comes down to the wire. If there is no deal by January 1, nearly every American will see his or her taxes go up, along with automatic government spending cuts. Economists fear […]

Tags: , , , , Posted in US

India Gang-Rape Victim Flown to Singapore

Posted December 27th, 2012 at 11:20 am (UTC-5)
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A Indian woman who was the victim of a gang rape and brutal beating earlier this month in New Delhi has been flown to Singapore for further treatment, while the Indian prime minister is pledging to focus on the issue of women’s safety. The CEO of Singapore’s Mount Elizabeth Hospital, Dr. Kelvin Loh, said the […]

Tags: , , , , Posted in South Asia

Muslim Brotherhood: Egypt Constitution Approved

Posted December 22nd, 2012 at 10:15 pm (UTC-5)
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Egypt’s Islamist Muslim Brotherhood says voters have approved the country’s new controversial constitution. The Brotherhood said more than 71 percent of the voters cast a “yes” ballot for the charter on Saturday, bringing the two-day total to about 64 percent. The Muslim Brotherhood, the former party of Egyptian President Mohamed Morsi, supports the new constitution. […]

Tags: , , Posted in Middle East

NRA Wants Armed Police in Schools

Posted December 21st, 2012 at 1:10 pm (UTC-5)
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The United States’ largest gun rights lobby says it wants to address gun violence by placing armed police officers in every school in America. The chief executive for the powerful National Rifle Association held a press conference Friday, one week after 26 people were gunned down at Sandy Hook Elementary School in Newtown, Connecticut. The […]

Tags: , , , , , Posted in US

Obama Calls on Congress to Act on Gun Control

Posted December 19th, 2012 at 4:30 pm (UTC-5)
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U.S. President Barack Obama has called on Congress to reinstate an assault weapons ban, five days after a gunman with a military-style weapon killed 20 children and six adults in the second-worst school shooting in the nation’s history. President Obama named Vice President Joe Biden to lead an effort to write a set of concrete […]

Tags: , , , , , Posted in US

South Korea Elects 1st Woman President, Dictator Park’s Daughter

Posted December 19th, 2012 at 10:00 am (UTC-5)
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Park Geun-hye [pronounced: park goon-‘HEH] has won Wednesday’s presidential election in South Korea and will become the country’s first female head of state. Her rival, Moon Jae-in, conceded the race shortly after the National Election Commission was quoted as saying the conservative Ms. Park was a certain winner. Ms. Park, 60 years old, is a […]

Tags: , , , , Posted in East Asia Pacific

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