LATEST NEWS : Ferguson Police Use Tear Gas, Stun Grenades in Clashes

Police fired stun grenades and tear gas at protesters in a St. Louis suburb rocked by violence after police shot and killed an unarmed black teen 10 days ago. continue reading at bloomberg.com

Continue reading

Russia Warns It May Play The 'Iran Card' Over Ukraine Sanctions

A senior Russian diplomat signaled a possible shift Wednesday in Russia’s position on the ongoing Iranian nuclear talks amid tensions with the United States and other Western countries, according to The Associated Press. Russian Deputy Foreign Minister Sergei Ryabkov was quoted by the Russian news organization Interfax as saying the recent sanctions announced by the European Union […]

Continue reading

House Unveils $1.01 Trillion Measure to Fund Government

“House and Senate appropriators agreed to a $1.01 trillion bipartisan bill to fund the U.S. government through Sept. 30, unveiling the measure days before funding for federal agencies is scheduled to lapse. The legislation, announced by lawmakers including House Appropriations Committee Chairman Hal Rogers, a Kentucky Republican, and Senate Appropriations Chairman Barbara Mikulski, a Maryland […]

Continue reading

Iran Agrees to Deal With Powers to Curb Nuclear Work

Iran’s accord with world powers to limit its nuclear program in exchange for as much as $7 billion in relief from sanctions left Presidents Barack Obama and Hassan Rouhani the task of selling the deal to critics. By agreeing to curtail its nuclear activities, Iran won an easing of certain sanctions on oil, auto parts, gold and precious metals […]

Continue reading

White House tries to salvage Obamacare, Democrats in distress

The White House scrambled Wednesday to find solutions for the glaring failures in Obamacare as rebellious congressional Democrats pressured the administration over their increasing political predicament. In a closed-door meeting at the Capitol, House Democrats blasted administration officials over their handling of the Obamacare rollout, and the White House’s failure to address Mr. Obama’s broken promise to Americans […]

Continue reading

Fed Seen Avoiding Historic Loss by Holding Mortgage Debt

“The Federal Reserve can avoid unprecedented losses by never selling mortgage-backed securities from its record $3.84 trillion balance sheet, according to updated estimates by Fed economists in Washington. The Fed every month is purchasing $85 billion in Treasuries and mortgage-backed securities in a program aimed at fueling economic growth and combating unemployment, which was 7.2 percent in September.”   […]

Continue reading

Germany Summons U.S. Ambassador to Explain Merkel Phone Tapping

Germany summoned the U.S. ambassador to the Foreign Ministry over reports ChancellorAngela Merkel’s mobile phone was monitored by U.S. spy agencies as European Union leaders prepared to discuss tighter data protection. Ambassador John B. Emerson was called in for talks with Foreign Minister Guido Westerwellein Berlin this afternoon, a ministry spokeswoman said, speaking under customary condition of anonymity. France summoned […]

Continue reading

Senate Passes Accord to End Shutdown as House Set to Act

The Senate voted 81-18 to halt the 16-day government shutdown and raise the U.S. debt limit, moving one step closer to ending the nation’s fiscal impasse. The House of Representatives began debate at 9:24 p.m. and plans to vote later tonight. The Senate acted the day before U.S. borrowing authority was scheduled to lapse as Congress […]

Continue reading

Biggest US Foreign Creditors Show Concern on Default Risk

“China and Japan, which together hold more than $2.4 trillion in U.S. Treasuries, raised pressure on the U.S. to resolve a political impasse on its debt ceiling that threatens to destabilize global financial markets. Japan must consider the impact of any default on its bond holdings, even as the U.S. will probably avoid a fiscal […]

Continue reading

Detroiters Living Amid Ruins Resist Moving as City Reorganizes

“On both sides of Dorothy Wafer’s Detroit home sit rows of crumbling houses among trash-strewn lots. A body was found in a car down the street last month, and there was an attempted rape, she said. There’s no place like home, though. Wafer, 61, last week planted roses in front of her two-story house, with […]

Continue reading