ANKARA, Turkey (AP) — Turkey will press ahead with military operations against autonomy-seeking Kurdish rebels even as Turkish officials hold talks with the rebels' jailed leader to end the 28-year-old conflict, officials said Friday.Last week, the government confirmed that Turkey's intelligence agency was talking to rebel leader Abdullah Ocalan with the aim of convincing the Kurdistan Workers' Party,...
Britain's top tabloid scolds Argentina over the Falklands
Label: WorldBUENOS AIRES/LONDON (Reuters) - Britain's biggest-selling newspaper had a simple message for Argentina in an editorial published on Friday in the South American country: "HANDS OFF" the Falkland Islands.The seven-paragraph epistle, penned by the populist Sun tabloid and published in Argentina's main English language newspaper, came in response to fresh demands from President Cristina Fernandez to...
Excavators head to Myanmar to find WWII Spitfires
Label: WorldLONDON (AP) — An airplane-obsessed farmer, a freelance archaeologist, and a team of excavators are heading from Britain to the Myanmar city of Yangon on Saturday to find a nearly forgotten stash of British fighter planes thought to be carefully buried beneath the former capital's airfield.The venture, backed with a million-dollar guarantee from a Belarusian videogame company, could uncover dozens...
Pakistani girl shot by Taliban leaves UK hospital
Label: WorldThree months after she was shot in the head for daring to say girls should be able to get an education, a 15-year-old Pakistani hugged her nurses and smiled as she walked out of a Birmingham hospital.Malala Yousufzai waved to a guard and smiled shyly as she cautiously strode down the hospital corridor talking to nurses in images released Friday by the Queen Elizabeth Hospital Birmingham."She is quite...
Christmas updates to shine light on UK retail prospects
Label: WorldThe prospects for consumer spending and the broader British economy will be in focus next week when a host of retailers, including Marks & Spencer and Tesco, report Christmas sales figures.Many store groups found the going tough last year as consumers fretted over job security and a squeeze on incomes.With wage rises failing to match inflation and another round of government spending cuts slated...
Jan
03
Has Obama Been Good for Millionaires?
Label: BusinessThe question of whether Americans are better off than they were four years ago depends, of course, on the American.For the 12 million unemployed, the answer is most certainly no.But for many of America's millionaires, the answer may be more affirmative.A new study from WealthInsight, the London-based wealth-research and data firm (and yes, they are non-partisan), showed that the United States added...
Obama Wins 2012 Election: Why Your Taxes Are Going Up
Label: BusinessWhen President Obama and the new Congress begin to tackle important legislation and federal policy in January, one of the key issues will be how to reform America's byzantine tax code.Obama campaigned on a platform to raise taxes on the wealthiest Americans, declaring that millionaires and billionaires need to "pay their fair share." The president proposed the highly controversial "Buffett Rule,"...
Wall Street sinks after election as "fiscal cliff" eyed
Label: BusinessNEW YORK (Reuters) - The Dow industrials lost more than 300 points in a sell-off on Wednesday that drove all major stock indexes down over 2 percent in the wake of the presidential election as investors' focus shifted to the looming "fiscal cliff" debate and Europe's economic troubles.The Standard & Poor's 500 Index posted its biggest daily percentage drop since June, with all 10 S&P sectors...
Coal company announces layoffs in response to Obama win
Label: BusinessA coal company headed by a prominent Mitt Romney donor has laid off more than 160 workers in response to President Obama's election victory.Murray Energy said Friday that it had been "forced" to make the layoffs in response to the bleak prospects for the coal industry during Obama's second term. In a prayer circulated by the company, CEO Robert Murray said Americans had voted "in favor of redistribution,...
U.S. to Pass Saudi Arabia in Energy Production, IEA Says: Huge Foreign Policy, Economic Implications
Label: BusinessA new report by the International Energy Association says the U.S. will become the world's largest oil producer by 2017, overtaking current leaders Saudi Arabia and Russia. U.S. energy policies initiated by the George W. Bush administration and implemented by President Barack Obama have moved the U.S. toward energy independence and away from Middle East energy sources. U.S. oil production has risen...
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