Top officials of the U.S. central bank say the economy is growing more slowly than they expected, but they anticipate the problem to be temporary. Federal Reserve officials voted to keep interest rates steady in the ultra-low range where they have been for some time. The economic assessment comes after two days of consultations among […]
Fed: US Economy Growing More Slowly Than Expected
Posted June 22nd, 2011 at 12:55 pm (UTC-5)
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China Stakes Out China Sea Position For US Talks
Posted June 22nd, 2011 at 11:55 am (UTC-5)
A senior Chinese official has warned the United States to stay out of the regional dispute over the South China Sea. Vice Foreign Minister Cui Tiankai told foreign journalists in Beijing Wednesday that because the U.S. is not one of the states claiming territory in the South China Sea, it should “counsel restraint to those […]
Obama to Announce Plans for Afghanistan Withdrawal
Posted June 22nd, 2011 at 11:50 am (UTC-5)
Eighteen months after increasing the number of U.S. troops fighting in Afghanistan, President Barack Obama addresses the country Wednesday to make the case for a phased withdrawal of American military forces from the war with the Taliban and al-Qaida. U.S. media reports say Mr. Obama will announce the withdrawal of about 10,000 troops this year, […]
New Assessment of US Economy
Posted June 22nd, 2011 at 11:45 am (UTC-5)
The head of the U.S. central bank will give an updated assessment of the nation’s economy on Wednesday. Federal Reserve chairman Ben Bernanke’s anticipated remarks come after two days of consultations with other top bank officials and after several disappointing economic reports. The latest came earlier Wednesday, showing a decline in applications for mortgages. Economists […]
Thousands Flee Flooding in North Dakota
Posted June 22nd, 2011 at 9:55 am (UTC-5)
More than 11,000 people are leaving their homes in the midwestern U.S. state of North Dakota as the Souris River threatens to reach record levels. Minot Mayor Curt Zimbelman set the evacuation deadline at 6 pm local time Wednesday, several hours earlier than initially ordered. Residents along the river upstream and downstream of Minot have […]
First Lady Obama Inspires Young Africans
Posted June 22nd, 2011 at 8:55 am (UTC-5)
U.S. first lady Michelle Obama has urged young Africans to take leadership roles in their countries and unite to shape a better future for the continent. The first lady delivered an emotional address to an enthusiastic group of young women at the historic Regina Mundi Church in Soweto, South Africa on Wednesday. The church was […]
Burmese Opposition Leader to Speak to US Lawmakers Via Video
Posted June 22nd, 2011 at 7:30 am (UTC-5)
Members of a U.S. congressional committee will watch videotaped remarks Wednesday from Burmese democracy leader Aung San Suu Kyi, who will discuss her country’s recent national elections. The remarks by the Nobel Peace laureate is part of a hearing on last November’s elections being held by a U.S. House subcommittee on Asia and Pacific affairs, […]
First Lady Obama Inspires Young Africans
Posted June 22nd, 2011 at 6:20 am (UTC-5)
U.S. first lady Michelle Obama urged young African women to use their strong heritage to rise above the ills of today’s society. Mrs. Obama spoke at the U.S.-sponsored Young African Women Leaders Forum in Soweto. The event brings together women from across sub-Saharan Africa who are leading or involved in social and economic initiatives in […]
Obama to Announce First Phase of Afghanistan Troop Withdrawal
Posted June 22nd, 2011 at 6:15 am (UTC-5)
President Barack Obama is set to announce on Wednesday the first phase of a withdrawal from Afghanistan that could see up to 10,000 U.S. soldiers leave the country by the end of the year. Defense officials have been quoted as saying that Mr. Obama will call for an initial withdrawal of 5,000 troops, followed by […]
U.S. Investigating Indian Company’s Use of Visas
Posted June 22nd, 2011 at 6:15 am (UTC-5)
U.S. authorities are investigating reports that a large Indian technology company misused short-term business visitor visas to send low-cost workers from India for long-term work in the United States. The allegations against Infosys Technologies were first raised in a lawsuit earlier this year by one of the company’s U.S. managers, Jack Palmer. He charged that […]
