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China PM defends assertive trade, foreign policy

China sought Sunday to deflate rising pressure from the U.S. and other powers over Chinese economic policies and growing assertiveness in world affairs, with its prime minister promising cooperation to bolster the global recovery. Premier Wen Jiabao took on critics in the West who say Chinese... More

Tags: economy, trade, China

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Paulson Says Nation May Profit From Bank Bailout

Henry Paulson, the former Treasury chief, and billionaire Warren Buffett said taxpayers will recover every cent paid out to banks during the economic meltdown and may even turn a profit. The staunch Democrat investor and the Treasury secretary under President George W. Bush spoke onstage Tuesday... More

Tags: budget and tax, economy

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Gates: More civilians required in Afghanistan

Defense Secretary Robert Gates on Thursday told Marines being deployed to Afghanistan that a U.S. victory there would look similar to progress in Iraq, but he cautioned that more civilians with skills beyond the battlefield will be needed. The Obama administration has called up 17,000 more troops... More

Tags: Afghanistan

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Taliban in control of NW Pak district: witnesses

Taliban militants on Thursday assumed control of a district in Pakistan about 100 kilometres from the capital, patrolling streets and markets, officials and witnesses said. Hundreds of armed fighters have set up checkpoints and occupied mosques in Buner district northwest of Islamabad, sparking... More

Tags: terrorism, Afghanistan, Asia, Iraq, Pakistan

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Obama takes power, urges unity vs. 'raging storms'

Before a jubilant crowd of more than a million, Barack Hussein Obama claimed his place in history as America's first black president, summoning a dispirited nation to unite in hope against the "gathering clouds and raging storms" of war and economic woe. More

Tags: election 2008, democrats, Barack Obama

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Britain unveils second bank rescue package

Britain on Monday unveiled an insurance scheme to protect banks from so-called toxic assets, in a second multi-billion pound rescue package seeking to boost lending by banks crippled by the credit crisis. "The government is clear that meeting lending demand to otherwise creditworthy businesses... More

Tags: economy

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Ex-Bush aides say he never recovered from Katrina

Hurricane Katrina not only pulverized the Gulf Coast in 2005, it knocked the bully pulpit out from under President George W. Bush, according to two former advisers who spoke candidly about the political impact of the government's poor handling of the natural disaster. "Katrina to me was the... More

Tags: environment

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Obama taps Mary Schapiro to head SEC

President-elect Barack Obama has chosen a veteran of the Securities and Exchange Commission to lead and revitalize the agency now facing growing criticism for its failure to protect investors at a time of unprecedented market turmoil. A Democratic official said Wednesday that Obama had chosen Mary.. More

Tags: economy, election 2008, democrats, Barack Obama

upvote 14 votes downvote

House OKs $14B auto bill, but it's still in peril

A $14 billion rescue package for the nation's imperiled auto industry sped to approval in the House Wednesday night, but the emergency bailout was still in jeopardy from Republicans who were setting out roadblocks in the Senate. Democrats and the Bush White House hoped for a Senate vote as early... More

Tags: budget and tax, congress, economy

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Black Friday shoppers out in force, but cautious

Shoppers, who had snapped their wallets shut since September, turned out in force Friday to grab deals on the traditional start of the holiday shopping season, but it was clear worries about the economy tempered buying. Preliminary reports from several major retailers including Macy's and Toys "R".. More

Tags: economy

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Special forces launch assault on Mumbai hostage takers

Special forces stormed a Jewish centre in Mumbai Friday as part of efforts to end a hostage crisis and flush out Islamic militants behind an audacious assault on the city that left 125 people dead. At least 17 commandos were seen abseiling into the complex from a helicopter and gunfire and... More

Tags: terrorism, Asia

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Perino: Bush would sign jobless benefits extension

With weekly jobless claims benefits at a 16-year high, the White House said Thursday that President George W. Bush would quickly sign legislation pending in Congress to provide further unemployment benefits. The Senate this week is expected to take up a bill, already passed by the House... More

Tags: budget and tax, congress, economy

upvote 16 votes downvote

Pressure on Israel to ease Gaza blockade as unrest cools

Violence across the Gaza-Israel border subsided on Saturday after three days of bloody exchanges, as pressure rose on Israel to unblock humanitarian supplies for the aid-dependent territory. Even so, one Palestinian militant was killed and another seriously wounded in an explosion as they prepared.. More

Tags: Asia

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Obama taps veteran Dems for DoD, State handovers

President-elect Obama has hired former Senate Armed Services Committee chairman Sam Nunn to help shepherd his Pentagon transition, a spokeswoman said Tuesday. Nunn, a former Georgia senator and veteran Democratic defense adviser, was once rumored as a potential running mate for Obama. Transition... More

Tags: election 2008, democrats, Barack Obama

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The Associated Press: Obama planning US trials for Guantanamo prisoners

President-elect Obama's advisers are quietly crafting a proposal to ship dozens, if not hundreds, of imprisoned terrorism suspects to the United States to face criminal trials, a plan that would make good on his promise to close the Guantanamo Bay prison. More

Tags: civil liberties, international law, national security ... more

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