WHITE HOUSE

Afghan review calls for troop pullout starting July

Obama's Afghan review calls for 'troop pullout' starting in July
The Obama administration is setting conditions' to initiate the 'responsible reduction of US troops in Afghanistan, the White House review of Afghan war stated. The troop withdrawal is likely to commence in July as the review maintained that US strategy in the conflict zone has been showing progress.. It also stated that the Al-Qaeda leadership in Pakistan is at its weakest since 2001.
Intelligence reports paint gloomy picture of Afghanistan ahead of Obama's review

Intelligence paints gloomy Afghan picture ahead of Obama's review

The war in Afghanistan is unlikely to be won, US Intelligence reports suggest. Even as President Barack Obama is all set to announce policy review on the war in Afghanistan, two classified reports state that it could be improbable to end Taliban and Al Qaeda insurgency in the Tribal regions of the country. The reports however, have fueled a bitter row between the intelligence agencies and the military over who has a better perspective and proximity in the war zone.
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U.S. President Barack Obama holds a meeting with the President's Export Council in the Eisenhower Executive Office building near the White House in Washington December 9, 2010.

U.S. proposes relaxed rules to boost export sales

The Obama administration is seeking to give its allies and U.S. exporters a boost, proposing new rules that will ease trade in items that could prove to be security risks if they fell into the wrong hands.
Founder of the Feal Good Foundation John Feal (center) speaks as Rep. Jerrold Nadler D-NY (left) and Rep. Carolyn Maloney (right, background) look on.

First responders call on Congress to act

Declaring, “This game is not yet over!” Rep. Carolyn Maloney, D-NY, was joined by her Congressional colleague, Rep. Jerrold Nadler, D-NY, a few dozen first responders and about 50 supporters today in Lower Manhattan to demand that Congress pass the health and compensation act for the people who got sick working at Ground Zero in the aftermath of the 9/11 terrorist attacks.
U.S. President Barack Obama makes a statement on tax cuts and unemployment insurance at the White House in Washington December 6, 2010.

Obama, Republicans reach deal on taxes

President Barack Obama and Congressional Republicans came to a compromise today involving tax break extensions for wealthier Americans and unemployment insurance extensions for working class families.
U.S. President Barack Obama looks through a microscope as he tours Bio Tech Facilities at Forsyth Technical Community College in Winston-Salem, North Carolina, December 6, 2010.

Obama says U.S. faces 'Sputnik moment' as tax-benefits deal nears

President Barack Obama melded a long-term vision for more science research and education spending with the short-term need to secure a deal with Congressional Republicans to extend both tax breaks for higher-income earners and unemployment benefits for struggling workers.
Japan Maritime Self Defence Force destroyer Ikazuchi (L) sails alongside the USS George Washington during their military maneuvers known as Keen Sword 2011, in the Pacific Ocean December 5, 2010.

Obama urges Hu to pressure North Korea

President Barack Obama on Monday urged Chinese President Hu Jintao to join the United States in denouncing North Korea's latest deadly military skirmish with South Korea and the North's pursuit of nuclear development. it marked the first time the leaders have spoken since a November 22 incident left four South Korean soldiers dead.
South Korean Trade Minister Kim Jong-Hoon (L) talks with his U.S. counterpart Ron Kirk (R) during their meeting in Seoul November 8, 2010.

US-South Korea FTA: Whose win is it anyway?

During the negotiations (with the U.S.), I did not think of Yeonpyeong Island or the USS George Washington. I have just mulled over the benefits and losses in terms of trade, South Korean trade minister Kim Jong-hoon said, apparently to refute criticism that Seoul gave away ground to the U.S. in the aftermath of the geopolitical crisis precipitated by last week’s shelling by North Korea on South’s islands.
U.S. Environmental Protection Agency Director Lisa Jackson.

EPA is 40 and no less controversial

The U.S. Environmental Protection Agency is 40 years old this week. It may have been born later, or it may not have been born at all, if not for a dedicated U.S. lawmaker and a burning river.
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Gold jumps to $1,414 per oz on doubts on U.S. economy

Gold rose almost 2 percent on Friday, ending the week on $1,414 an ounce just a few dollars below the all-time record, as the dollar tumbled after disappointing jobs data cast doubt on the strength of the U.S. economic recovery.
FIFA president Sepp Blatter (L) hands over a copy of the World Cup to Russia's Deputy Prime Minister Igor Shuvalov after the announcement that Russia is going to be host nation for the FIFA World Cup 2018, in Zurich December 2, 2010.

New lands for World Cup as Russia, Qatar to host in 2018, 2022

The FIFA World Cup, the biggest tournament in soccer, will be headed to new regions as Russia won the 2018 bid on Thursday over rivals which included England and tiny emirate Qatar beat a group including the United States for the 2022 tournament.
Speaker of the House Nancy Pelosi, D-CA, and House Majority Leader Rep. Steny Hoyer, D-MD.

House extends middle-class tax cuts

While negotiators for both political parties worked behind the scenes to hammer out a deal on extending the Bush-era tax cuts and, possibly, unemployment insurance, House Democrats pushed through a measure that would extend the tax cuts for individuals making less than $200,000 and married couples making less than $250,000.
Senate Budget Committee Chairman Kent Conrad (D-ND) (L), and U.S. House Budget Committee Chairman Rep. John Spratt (D-SC)

Fiscal plan draws flak, praise

Sen. Judd Gregg, R-NH, stated the obvious today regarding a plan to deal with the nation’s long-term fiscal well-being. He said, There are no easy fixes here.”
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Totally Standard Hyperinflation

No central bank ever began a hyper-inflationary policy because it feared inflation. Such disasters always come because of vanished credit and economic depression. And whether in Germany nine decades ago, or in Argentina twenty years back, or in Robert Mugabe's Zimbabwe around the turn of this century, stuff actually gets cheaper - not more expensive - in real terms during hyperinflation.
Job

Economy to get hit as jobless benefits to 2 mln Americans run out

A Senate wrangle over soaring budget deficits on Tuesday stopped the passage of a crucial extension of unemployed benefits to millions of Americans experiencing the sting of the worst jobs crisis in three decades. The failure of the lame duck Congress to extend benefits will cut off sustenance payments to two million people in December, adding to the woes of home losses, bankruptcies and foreclosures, besides also setting back the economic recovery. Here's a quick lowdown on the situation.
A woman walks past the U.S. embassy in Madrid November 29, 2010.

U.S. denies diplomats are spies

A spokesman for the U.S. State Department denied on Monday that his agency's diplomats were spies, after the release of hundreds of thousands of secret and unclassified cables by the Wikileaks organization.

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