Just as the U.S. economy is making progress despite Europe’s turmoil, here come two new threats. Deep spending cuts are set to kick in if a congressional panel can’t agree by Thanksgiving on how to shrink the budget deficit. AndCongress may let emergency unemployment aid and a Social Security tax cut expire at year’s end. Either outcome could slow growth and spook [...]
Financial markets remained volatile on Friday in the face of a European debt crisis that has widened and deepened over the past week. Investors have become increasingly fidgety about the prospect ofSpain and Italy succumbing to the same bond market pressures that have seen three countries bailed out. Stocks have taken a battering as borrowing rates jumped, not just for [...]
Winnie Madikizela-Mandela, the ex-wife of Nelson Mandela, has been hospitalised in Johannesburg to treat her diabetes, the second time she has been admitted in three months, their daughter said on Friday. “Mrs Winnie Madikizela-Mandela is being treated at Milpark Hospital for an existing diabetes condition,” her daughter Zindzi Mandela said in a statement. Madikizela-Mandela, 75, was briefly hospitalised in September for [...]
The United Nations on Friday downgraded famine declarations in three Somali regions, but warned the crisis remains the worst in the world with nearly 250,000 people facing imminent starvation. Three other areas remain in famine, including inside the war-tornSomali capital Mogadishu, with deaths likely to continue in coming months, the UN Somalia Food Security Nutrition Analysis Unit(FSNAU) said [...]
It seems bankers are taking over politics in Europe, financial analyst Max Keiser told RT, adding that this trend could lead to global banking domination. “We cannot get rid of these zombie bankers, we can’t kill them,” said Keiser, host of RT’s Keiser Report. “Iceland thought they had killed off their zombie terrorist bankers, but they have [...]
Talking tough after fresh Naxal violence in West Bengal, chief minister Mamata Banerjee on Wednesday said Maoists were more dangerous than terrorists and warned that her government would not remain a mute spectator. The Trinamool leader also hit out at the Maoists saying they cannot talk peace and kill people. Mamata’s warning came a day after the Maoists offered [...]
As the economic blockade in Manipur completed 100 days on the 8th of November, there are a few questions that need to be answered. One amongst them is: “For how long will the blockade continue?” It’s completed 100 days and is counting…. The economic blockade, which started on the 1st of August, has led to [...]
Bihar chief minister Nitish Kumar today lent support to his Uttar Pradesh counterpart Mayawati’s stand to carve out four new states out of Uttar Pradesh. ”We are in principle in favour of formation of smaller states … We have been votary of smaller states for fostering a new era of development … However, it is a [...]
Amid growing problems for the party in Andhra Pradesh, film star-turned-politician Chiranjeevi met Congress Chief Sonia Gandhi today. “No specific discussion took place. It was more of a courtesy call,” said Chiranjeevi after the 30-minute meeting, the first after his Praja Rajyam Party’s merger with Congress in August this year. He said the meeting was [...]
Six of the nine accused in the 2006 Malegaon bomb blasts case were today released after a trial court here granted them bail. Salman Farsi, Shabir Ahmed, Noorulhuda Doha, Rais Ahmed, Mohammed Zahid and Faroogue Ansari were released from the Arthur Road jail here. Another accused Abrar Ahmed is also expected to be set free [...]
