Chinese have opportunity to show resolve in Sudan
The Media Line Staff Beijing, China Arieh O’Sullivan / The Me – The capture of Chinese construction workers by rebels in Sudan has presented China with an opportunity to flex its muscles and show it not so shy to use military force to protect its citizens abroad. With literally millions of citizens abroad, the capture [...]
Allied forces lose 10 soldiers in separate Afghanistan incidents
Diane Alter – AHN News Reporter Kabul, Afghanistan (AHN) – Allied forces suffered a day of heavy losses in Afghanistan Thursday in a helicopter crash that killed six U.S. Marines, and an attack Friday that killed four French service members, raising the possibility of France withdrawing its troops early. The Marines were killed after their [...]
Democratic fundraier Rezko sentenced to 10 years in prison
Matthew Borghese – AHN News Contributor Chicago, IL, United States (AHN) – Antoin “Tony” Rezko, a former fundraiser and adviser to ex-Illinois Gov. Rod Blagojevich, has been sentenced to more than 10 years in prison after a lengthy extortion trial in Chicago. Rezko, who also helped raise money for President Barack Obama, was convicted of [...]
Congress probes the Federal Reserve’s controversial lending policies
Tom Ramstack – AHN News Legal Correspondent Washington, D.C., United States (AHN) – A congressional hearing scheduled for Tuesday is probing the extent the U.S. Federal Reserve Bank might have contributed to the government’s record debt. Economists say the roughly $15 trillion in debt is holding back the nation’s recovery from the recession that started [...]
August car sales in the U.S. rises 7.5 percent
Vittorio Hernandez – AHN News Detroit, MI, United States (AHN) – The auto industry in the U.S. is on the road to recovery. In August, car sales grew 7.5 percent, according to Autodata Corporation. The healthy vehicle sales were reported by most of the major car manufacturers such as Chrysler which registered a 31 percent [...]
China warns U.S. on managing debt
Diane Alter – AHN News Trivia Writer Hong Kong, China (AHN) – To date, China has had no problem buying United States debt, but recently, it seems they are having second thoughts. On Wednesday, China’s central bank governor called for the U.S. to “take responsible policy measures to handle its debt.” The announcement came a [...]
S&P says it may cut U.S. AAA credit rating
Vittorio Hernandez – AHN News Washington, D.C., United States (AHN) – Standard & Poor’s said on Thursday that it may downgrade the U.S.’s AAA credit rating. The ratings agency says that Washington has a 50% chance of a credit rating cut. The S&P warning came a day after another ratings agency, Moody’s Investors Service, made [...]
Rejecting IMF loan, Egypt risks undermining economy
The Media Line Staff Cairo, Egypt (TML) – Egypt’s decision to reject loans from the International Monetary Fund (IMF) and World Bank may save the government unwelcome political controversy at home, but it risks undermining the country’s already severely strained economy, economists warned. The terms of the IMF financing as well as the government’s plan [...]
Savings in U.S. banks reach record $1.45 trillion in May
Vittorio Hernandez – AHN News Washington, D.C., United States (AHN) – More Americans continue to save in banks rather than borrow money from financial institutions. According to latest data from the Federal Reserve, savings in U.S. banks hit a record $1.45 trillion in May. The growing savings has been observed since the global financial crisis [...]
Panetta declines to discuss policy at confirmation hearing
Leon Panetta, the nominee to be the next secretary of defense, ducked gentle questioning Thursday from the Senate Armed Services Committee about President Barack Obama’s plans to reduce U.S. troops in Afghanistan and to cut security spending by $400 billion over the next 12 years. View full post on All Stories
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