ELECTIONS

U.S. President Barack Obama between Senate Mitch McConnell, R-KY and Congressman John Boehner, R-OH

Obama meets with GOP leaders for a good start

The American people did not vote for political gridlock in Washington, according to President Barack Obama who today met with Congressional leaders from both parties to discuss what they consider the main components of the national agenda.

It may be cold, but historically December is hot month for stocks

With New York's Empire State Building behind them, a group of friends play in the snow in a park along the Hudson River in Hoboken, New Jersey
While investors currently grapple with a number of very troubling geopolitical and economic issues -- namely the threat of war in Korea and the potential sovereign debt contagion in Europe, interest rate hikes by China, among others – some might take solace in the fact that December has consistently been the best-performing months for U.S. going back more than sixty years.
Haiti goes to polls

Voters shy away from polls in Haiti

Voting is underway to elect a new president in the cholera-hit Haiti. International observers are on the watch hoping that the elections will lead to a stable government capable of administering the humanitarian aid flowing into the country. Almost $900 million of the pledged $2.12 aid has been disbursed by 24 donor nations. Armed peacekeepers are on guard at polling booth across the capital of Port-au-Prince.
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Myanmar's Suu Kyi to meet son after 10 years

Myanmar's Suu Kyi to meet son after 10 years

Myanmar's Junta backed government has granted a visa to pro-democracy leader Aung San Suu Kyi's son. Thirty-three-year-old Kim Aris is expected in Yangon on Tuesday and Suu Kyi herself is likely to receive him at the airport. This will be for the first time in 10 years that Kim would get to see his mother.
The uneasy peace between Israel and Egypt

Too fragile, too frosty...

It's been 33 years since Egypt's President Anwar El Sadat visited Israel. He then became the first ever Arab leader to engage with Jewish state. Though the United States brokered peace between the two nations, recent political developments suggest that things could go off balance in the coming months.
Bush answers questions about his presidency at the Ronald Reagan Presidential Library in Simi Valley

Extension/Repeal of Bush tax cuts coming down to the wire

The saga surrounding the extension (or repeal) of George W. Bush’s tax cuts seems to be changing daily, almost hourly. It’s a highly complex and contentious issue that will (perhaps unfortunately) be decided solely by politics.
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Paris Club cancels more than half of DR Congo's debt

The Paris Club of creditor nations and Brazil have agreed to cancel $7.35-billion of debt owed by the Democratic Republic of Congo (DRC), representing more than half of the nation’s foreign debt.
Mayor of Seoul

Seoul mayor Oh Se-hoon sets sight high on city's future

On the sidelines of the G-20 Summit in Seoul, city mayor Oh Se-hoon, in an interview with IB Times speaks about his agenda for the city’s future, the recognition received by the Seoul Metropolitan Government for carrying out public participation in governance successfully and more.
Alaska Senate candidate Joe Miller campaigns on election day on November 4, 2010.

Miller may ask for recount

Alaska Senate candidate Joe Miller isn't ready to accept defeat despite media projections that rival candidate Sen. Lisa Murkowski has won the election.
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Municipal bonds turn bearish as yields rise

Yields on municipal bonds has risen recently, with long-term yields rising more sharply than those on the short-end since the beginning of the November.
US House Speaker Nancy Pelosi (D-CA) (L) is flanked by Rep. James Clyburn (D-SC) (R).

House Dems pick Pelosi as leader despite moderates' concerns

House Democrats re-elected Rep. Nancy Pelosi D-CA as their leader for the next Congress by a large margin on Wednesday as her challenger said the fragmented vote meant moderates should get a say in decision making.

Surfing the rogue waves of East China Sea

Tensions are mounting on the rough waters of the East China Sea as both China and Japan refuse to withdraw claims over the disputed isles. There is no end in sight to the crisis with China setting off to embattle the waters, while the Japanese are solidifying their stance. Suffering both domestic and International setbacks in the recent months, Prime Minister Naoto Kan is mired in severe public discontent. With his approval ratings plunging to a new low, Kan, missing no opportunity, reiterated h...
Sen. Lisa Murkowski speaks at a campaign rally in October.

Murkowski close to triumph

The hand counting of write-in and absentee ballots continues in Alaska today, where incumbent Republican Senator Lisa Murkowski appears on the verge of a historic victory over tea-party Republican nominee Joe Miller.
U.S. Representative Charles Rangel (D-NY) speaks during a hearing of the House Adjudicatory subcommittee at Capitol Hill in Washington, November 15, 2010.

Rangel denied postponement

A two-year investigation into possible ethics violations by U.S. Rep. Charles Rangel, D-NY, led today to the beginning of a trial before an eight-member, bipartisan House subcommittee. Rangel’s first move was to request a postponement.
Berlusconi govt. wobbles as Fini loyalists quit

Berlusconi govt. wobbles as Fini loyalists quit

In an attempt to topple Italian Prime Minister Silvio Berlusconi's government, four top officials, including two ministers, are set to resign on Monday afternoon. Even as the move might not be able to bring down the administration, it is likely to prompt early elections in the country, analysts say
EUR/GBP Daily

Euro off day's lows, but heading for weekly losses versus majors as EU woes persist

Euro rose across the board and pulled off 1-1/2-month lows against the US dollar and British pound on Friday on news EU leaders reassured the holders of outstanding bonds that they would not be forced to take losses. The day's gains, however, did not prevent the single currency from heading for weekly losses versus the majors as investors are still worried that Ireland may default on its bonds.
Myanmar's Junta to 'free' Aung San Suu Kyi

Myanmar's Junta to 'free' Aung San Suu Kyi

Myanmar's pro-democracy leader Aung San Suu Kyi is likely to be released on Saturday. The ruling military government on Friday reportedly signed the orders authorizing the release of Suu Kyi who has been under house arrest for over 15 of the past 20 years.
Fraud and low voter turnout cloud Myanmar polls

Fraud and low voter turnout cloud Myanmar polls

Low voter turnout and allegations of fraud marred the polls in Myanmar. Counting is currently under way as polling booths closed in the late hours of Sunday. Though official figures are yet to be released, media reports suggest that not many people were enthusiastic about the elections. This is for the first time in 20 years that the Burmese people have been allowed to vote.

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