Greece’s socialist government on Tuesday put a brave face on a eurozone plan to help it out of its debt crisis in spite of lingering uncertainties over how much money might be offered and on what terms.George Papaconstantinou, Greece’s finance minister, told reporters as he arrived for a meeting with his European Union colleagues that the eurozone initiative was “a good move.
The dollar edged lower on Tuesday as traders awaited the outcome of the Federal Reserve’s policy meeting later in the session.Analysts said the meeting would be crucial for driving the foreign exchange markets in the near term.
Chris Dodd, Democratic chairman of the Senate banking committee, on Monday proposed a tougher-than-expected curb on proprietary trading in a financial regulation bill that injected new momentum into reform efforts.Key Republicans warmed to the bill, saying it was close to a product they could support, but much of the financial industry and some consumer advocates continue to oppose it.
(First published at The New Republic) There has been a growing fury about the Supreme Court's decision in the Citizens United case, but much of that fury hangs upon an odd reading of the Court's opinion.The Court, it is said, has given corporations all the rights of persons. It has elevated these artificial beings into entities endowed by their Creator (us) with certain unalienable rights, i
The Taiwanese authorities are offering a cash prize for a new slogan to boost the island's falling birth rate.The interior ministry said that it wanted a creative slogan that would make people want to have babies.It said the best submission would receive a prize of one million Taiwanese dollars ($31,250, £20,763).Taiwan has already tried a number of measures to increase its birth rate, whic
Ex-defense minister front-runner in electionWith results from congressional elections trickling in Monday, Juan Manuel Santos, a former defense minister who marshaled U.S aid to thrash Marxist guerrillas, has consolidated his position as the to succeed Ãlvaro Uribe as president of Colombia.His party, the U, won 27 of 102 seats in the Senate, seven more than it had after the 2006 elections.That
Two al-Qaeda militants killed in Yemen have been identified, government officials have said.A third suspected senior militant has also reportedly been killed in two days of air raids by the Yemeni airforce.The bombing raids were carried out Sunday and Monday on the southern province of Abyan.Also on Tuesday, a series of small blasts reportedly went off in the southern city of Aden, which official
Babel scored in the Reds' 4-1 win over Portsmouth on Monday night in what was his fourth start in six consecutive games in Rafa Benitez's side.After early promise in a Reds shirt following his arrival from Ajax in 2007, the Dutchman has struggled to establish himself at Anfield since last season.Speculation linking the 23-year-old with a return to his homeland mounts each transfer window, but Bab
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