Ben Bernanke said on Monday that it was “extraordinarily urgent” that the US and Asia adopt policies that prevent a revival of global economic imbalances as the financial crisis ebbs. The Federal Reserve chairman warned that global imbalances — the big gaps between national saving, consumption and investment rates reflected in large trade deficits and surpluses — had helped cause the crisis and needed to be corrected.
Tag Archives: situation
Behind the scenes in Obama’s war council debate
There’s an air of mystery hanging over President Obama’s war council, which meets in secrecy yet again this week to discuss a new strategy for Afghanistan in the highly secure White House Situation Room. But senior officials closely involved in the decision-making process reveal that the president and his team are grappling with one particularly urgent question: Will Gen.
Pakistan launches ground offensive against militants
The Pakistani army launched a major ground offensive against militants Saturday in the country’s lawless northwest, according to military and government officials. About 28,000 Pakistani soldiers have moved into the epicenter of Taliban activity in the vast tribal region of South Waziristan, said two military officials and a source inside the prime minister’s office, who did not want to be identified because they were not authorized to speak to the media
Fireworks blaze kills 32 in India
A raging blaze at a wholesale fireworks store killed at least 32 people in southern India, police said Saturday. About 28,000 Pakistani soldiers have moved into the epicenter of Taliban activity in the vast tribal region of South Waziristan, said two military officials and a source inside the prime minister’s office, who did not want to be identified because they were not authorized to speak to the media
Their children in Iran, 3 U.S. moms swing into action
Laura Fattal rolls a piece of Scotch tape, attaching a picture of her son and his two friends to a cardboard box. Her calm demeanor doesn’t give away the gravity of the situation and the reason why she’s in a New York hotel room with two other mothers
Unrest continues for third day in East Jerusalem
Israeli police on Tuesday arrested Sheikh Raed Salah, leader of the Islamic movement in Israel, in the third consecutive day of unrest in East Jerusalem, police said. Salah, an Israeli-Arab and former mayor of the Haifa District city of Umm el-Fahm, was arrested in Wadi Joz in East Jerusalem and was being questioned by police for incitement, Jerusalem police spokesman Shmulik ben Rubi said.
GOP urges quick decision on Afghanistan
Leading Republicans urged President Obama to make a swift decision in favor of more U.S. troops for the war in Afghanistan after talks between the president and congressional leaders Tuesday.
Arrest of Letterman extortion suspect shocks family
As Richard Smith chatted over the phone with his nephew late Tuesday, he noticed something was off. “He was slightly down,” Smith said about Robert “Joe” Halderman.
Gates favors bolstering troops in Afghanistan, sources say
Defense Secretary Robert Gates is leaning toward the view that a significant number of additional combat forces will be needed for the war in Afghanistan, sources tell CNN. Gates is inclined to back Gen
Odierno: May not be possible to declare victory in Iraq
It isn’t clear whether the United States will ever be able to declare victory in Iraq, the top U.S. commander there said Thursday