Sunday, February 26, 2012

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Sunday, February 26, 2012 8:30 PM PST
Today's Politics - Bloomberg News Headlines - Yahoo! News:
Car bomb kills three at east Afghanistan airport: police
Sun,26 Feb 2012 07:53 PM PST
Reuters - JALALABAD, Afghanistan (Reuters) - Three people were killed and five wounded when a powerful car bomb exploded at the gates of Jalalabad airport in eastern Afghanistan on Monday, police told Reuters. The casualties appeared to be civilians, said Obaidullah Talwar, a senior police detective for eastern Nangarhar province, of which Jalalabad is capital. There was no immediate indication whether the blast was linked to deadly protests and riots that have racked Afghanistan since copies of the Koran were inadvertently burned at a major NATO base last week. ... Full Story
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Australian PM Gillard wins leadership ballot
Sun,26 Feb 2012 07:22 PM PST
Reuters -

Australia's Prime Minister Julia Gillard addresses the media at the Parliament House courtyard in AdelaideCANBERRA (Reuters) - Australian Prime Minister Julia Gillard convincingly won a leadership vote against rival Kevin Rudd Monday as opinion polls show her unpopular minority government was clawing back voter support despite the bitter and public leadership brawl. In her victory news conference Gillard said the fight in the Labor party had been "ugly" and Australians were fed up with the political brawl, but promised her government would now unite and put voters first, adding she was convinced Labor could win the next election due by mid-2013. "Today I want to say to Australians... ...


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Romney defends wealth, Santorum touts values
Sun,26 Feb 2012 07:21 PM PST
Reuters -

Republican presidential candidate Romney addresses Detroit Economic Club during campaign stop at Ford Field in DetroitIn a tight race to win the Michigan primary, Republican presidential candidate Mitt Romney strongly defended his wealth on Sunday and challenged voters to support someone else if they did not like his success. Questions about Romney's high earnings and taxes have dogged him throughout the primary elections and came up again in the run-up to Tuesday's vote in Michigan, where main rival Rick Santorum has presented himself as a blue-collar Republican. ...


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Top China paper criticizes Clinton over Syria
Sun,26 Feb 2012 07:16 PM PST
Reuters - BEIJING (Reuters) - China's main official newspaper Monday described U.S. Secretary of State Hillary Clinton's criticisms of Beijing's stance on Syria "super arrogant" and argued that, after the Iraq war, the United States has no right to speak for Arab people. The People's Daily, the top newspaper of the ruling Communist Party, gave China's first public answer to Clinton's comments Friday, when she called the Chinese and Russian veto of a U.N. resolution on Syria "despicable. China's response in the People's Daily was equally vehement. ... Full Story
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Emerging economies to challenge U.S. hold on World Bank
Sun,26 Feb 2012 07:02 PM PST
Reuters - MEXICO CITY (Reuters) - Emerging economies said on Sunday that they will challenge a tradition that has placed an American at the head of the World Bank for decades, as the Obama administration shows sensitivity to the need for change at global institutions. Emerging economies said it was time to break a decades-old tradition that has long shut out candidates from the developing world and kept an American at the head of the World Bank and a European leader at the International Monetary Fund. ... Full Story
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Canada's Flaherty says budget not done, Europe fears ease
Sun,26 Feb 2012 06:34 PM PST
Reuters - MEXICO CITY (Reuters) - Ottawa has less reason to delay its upcoming budget because of uncertainty over the European debt crisis, Finance Minister Jim Flaherty suggested on Sunday, but he said the government has still not made up its mind on certain items in the fiscal plan. "Some things have not been decided quite frankly. I'm not kidding," Flaherty told reporters in Mexico City following a meeting of the Group of 20 advanced and emerging economies. "We've been quite worried about the situation in Europe. ... Full Story
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Factbox: What happened at the G20 meeting in Mexico
Sun,26 Feb 2012 06:03 PM PST
Reuters - (Reuters) - Finance chiefs from the Group of 20 nations met in Mexico City at the weekend and talks were dominated by the euro zone debt crisis. Following is a summary of the outcome of the meetings: EUROPE'S FIREWALL AND IMF RESOURCES Europe was told in stark terms that it must put up more money to help struggling euro zone countries before the rest of the world contributes extra cash to the IMF's crisis war chest. Germany resisted as it has already made hefty contributions and says it doesn't believe more cash is needed. ... Full Story
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Afghan NATO base attacked, seven U.S. soldiers wounded
Sun,26 Feb 2012 05:48 PM PST
Reuters -

Afghan President Hamid Karzai speaks during a news conference in KabulSeven U.S. military trainers were wounded on Sunday when a grenade was thrown at their base in northern Afghanistan, police said, underscoring the depth of anti-Western fury over the inadvertent burning of copies of the Koran at a NATO base. Despite an apology from U.S. President Barack Obama, riots raged across the country for a sixth day against the desecration of the Muslim holy book last week at the biggest NATO base in Afghanistan. Some protesters hoisted the white Taliban flag. With few signs of the crisis abating, the U.S. ...


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Syria awaits referendum result; Putin warns West
Sun,26 Feb 2012 05:28 PM PST
Reuters -

Handout of Syrians soldiers voting during a referendum on a new constitution at an undisclosed locationBEIRUT (Reuters) - Syria is expected to announce a vote of approval for constitutional changes on Monday when it announces the result of a referendum dismissed as a sham by opponents of President Bashar al-Assad. At least 59 Syrian civilians and soldiers were killed in the country's bitter political violence on Sunday, the day of the vote on a new constitution that could keep Assad in power until 2028. The result is viewed as a foregone conclusion. Russian Prime Minister Vladimir Putin issued a strong warning to the West against military intervention in Syria, its longtime ally, but U.S. ...


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Senegal's Wade in tight race for new term
Sun,26 Feb 2012 05:17 PM PST
Reuters -

Senegal's electoral officials count votes during presidential elections in DakarDAKAR (Reuters) - Senegal President Abdoulaye Wade is in a tight race with chief rival Macky Sall, according to early unofficial tallies from the West African state's most contentious poll in recent history, signaling a possible run-off between the former allies. The election follows weeks of violent street protests against the 85-year-old Wade's bid for a third term in office despite a two-term limit, and warnings that Senegal's reputation as an established democracy hangs in the balance. ...


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Anti-Putin protesters form human chain in Moscow
Sun,26 Feb 2012 05:11 PM PST
Reuters -

Opposition supporters take part in a protest rally called The White Ring by forming a human chain along the Garden Ring road in MoscowMOSCOW (Reuters) - Thousands of Russians joined hands to form a human chain around Moscow city centre on Sunday in protest against Vladimir Putin's likely return as president in an election next week. The protesters stood side by side around the wide 16-km (10-mile) Moscow Garden Ring Road in gently falling snow, many of them wearing the white ribbons that symbolize the biggest opposition protests since Putin rose to power 12 years ago. The mood was festive as protesters, some chanting "Russia without Putin," waved at cars which hooted back in support. ...


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Italy's Visco sees European firewall deal in March
Sun,26 Feb 2012 04:56 PM PST
Reuters - MEXICO CITY (Reuters) - A deal is likely to be reached in March on boosting the size of Europe's bailout fund, Bank of Italy Governor Ignazio Visco said on Sunday. Visco, who was speaking at a meeting of finance ministers and central bankers from the Group of 20 economic powers in Mexico City, also said he expected significant participation by Italian banks at the European Central Bank's next long-term lending operation. (Reporting by Francesca Landini) Full Story
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U.S. shouldn't speed up Afghanistan pull out: ambassador
Sun,26 Feb 2012 04:44 PM PST
Reuters -

U.S ambassador to Afghanistan Ryan Crocker speaks during a news conference at the U.S. Embassy in KabulThe United States should resist any urge to pull troops out of Afghanistan ahead of schedule in response to the violence against Americans sparked by a burning of the Koran at a U.S. military base, U.S. Ambassador to Afghanistan Ryan Crocker said on Sunday. "Tensions are running very high here. I think we need to let things calm down, return to a more normal atmosphere, and then get on with business," Crocker said in an interview from Kabul on CNN's "State of the Union." He added that a full investigation of the incident was underway at the Bagram airbase near Kabul. A ...


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American in NYC bomb case will likely face charges
Sun,26 Feb 2012 04:25 PM PST
Reuters - NEW YORK (Reuters) - Lawyers for an American accused of building a pipe bomb said on Sunday they expected an indictment against him on terrorism and other charges to be unsealed in court this week. In a statement, attorneys Lori Cohen and Susan Walsh said prosecutors are likely to announce in court on Thursday that a grand jury has indicted their client, Jose Pimentel, 27, who is accused of plotting to attack police stations, post offices and military personnel in and around New York City. ... Full Story
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Rift develops in Syrian opposition group
Sun,26 Feb 2012 04:24 PM PST
Reuters - AMMAN (Reuters) - Prominent members of the main Syrian National Council formed a splinter organisation on Sunday, exposing the most serious rift among President Bashar al-Assad's opponents since a popular uprising against his repressive rule erupted in March. At least 20 secular and Islamist members of the 270-strong council, which was set up in Istanbul last year, announced the formation of the Syrian Patriotic Group. ... Full Story
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WikiLeaks to publish security think tank emails
Sun,26 Feb 2012 04:22 PM PST
Reuters -

WikiLeaks founder Julian Assange arrives at the Supreme Court in Westminster, on the second day of his extradition appeal, in LondonLONDON (Reuters) - The anti-secrecy group WikiLeaks said it would begin publishing more than five million emails Monday from a US-based global security think tank, apparently obtained by hackers. In its latest high-profile disclosure, WikiLeaks said in a statement it had acquired access to a vast haul of internal and external correspondence of Strategic Forecasting Inc (Stratfor), based in Austin Texas. Stratfor describes itself as a subscription-based provider of geopolitical analysis with an intelligence-based approach to gathering information. ...


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Santorum win in Michigan could be chaos for GOP
Sun,26 Feb 2012 03:48 PM PST
Reuters -

Republican presidential candidate Rick Santorum (R-PA) speaks during a campaign rally in PhoenixWASHINGTON (Reuters) - The Republican presidential race faces a potential turning point on Tuesday in contests in Arizona and Michigan, where upstart Rick Santorum threatens to plunge an already unpredictable nominating battle into chaos. Mitt Romney, the former front-runner and presumed nominee, and Santorum are in a close race in Michigan, the state where Romney was raised and his father was an auto executive and popular governor. ...


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Comments from G20 finance chiefs meeting in Mexico
Sun,26 Feb 2012 03:27 PM PST
Reuters - MEXICO CITY (Reuters) - Following are comments from policymakers attending the meeting of Group of 20 finance ministers and central bankers in Mexico City on Sunday. U.S. TREASURY SECRETARY TIMOTHY GEITHNER ON EURO ZONE CRISIS "The most important thing we've seen is the progress in Europe towards laying out a more credible foundation for stability." "I'm very encouraged by the impact so far of the combined actions of new governments in Italy and Spain doing a very good job of laying out reforms to meet their very formidable economic challenges. ... Full Story
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U.S. gasoline hits $3.69/gallon on Iran jitters: survey
Sun,26 Feb 2012 03:10 PM PST
Reuters -

A gas nozzle is used to pump petrol at a station in New York(Reuters) - The average U.S. price of gasoline jumped 18 cents a gallon in the past two weeks due to rising costs of crude oil and related concerns about tensions in the Middle East, although supplies of fuel remained plentiful in most of the country, according to the nationwide Lundberg Survey. The national average cost for a gallon of regular gasoline rose to $3.69 on February 24, according to the nationwide survey of gasoline stations in the continental United States. ...


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Australian PM Gillard set to win leadership challenge
Sun,26 Feb 2012 02:56 PM PST
Reuters -

Australia's former Prime Minister Rudd gestures at a news conference at Commonwealth Parliamentary Offices in BrisbaneCANBERRA (Reuters) - Australian Prime Minister Julia Gillard is set to see off a leadership challenge from party rival Kevin Rudd on Monday, but she faces a mammoth task to rebuild flagging support for her deeply divided and unpopular minority government. Gillard called for the leadership vote to stamp her authority over the governing Labor Party after Rudd suddenly quit as foreign minister in Washington last week after weeks of mounting infighting between the two camps. ...


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Seven U.S. soldiers wounded after Afghan NATO base attacked
Sun,26 Feb 2012 02:53 PM PST
Reuters -

An Afghan policeman keeps watch at a check point in KabulKUNDUZ/KABUL, Afghanistan (Reuters) - Seven U.S. military trainers were wounded on Sunday when a grenade was thrown at their base in northern Afghanistan, police said, as anti-Western fury deepened over the burning of the Koran at a NATO base. Despite an apology from U.S. President Barack Obama, riots raged across the country for a sixth day on Sunday against the desecration of the Muslim holy book at a NATO air base at Bagram. Some protesters hoisted the white Taliban flag. The Afghan Interior Ministry identified one of its employees as a suspect in the fatal shooting of two U.S. ...


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Colombia's FARC to free captives, stop kidnapping for ransom
Sun,26 Feb 2012 02:42 PM PST
Reuters -

Colombian policemen show portraits of their comrades, who were kidnapped by FARC rebels, during a protest against kidnappings at Bolivar Central square in BogotaBOGOTA (Reuters) - Colombia's feared FARC rebel group said it would abandon its decades-long policy of kidnapping for ransom and free all military and police hostages it holds in jungle camps, another sign the drug-funded leftist insurgents may want a move toward peace. The Revolutionary Armed Forces of Colombia, the biggest and oldest armed group in Latin America, holds six police officials and four members of the military as well as hundreds of civilians it seized as a means of extortion to fund its battle against the government. ...


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Romney defends wealth, Santorum touts conservatism
Sun,26 Feb 2012 02:26 PM PST
Reuters -

U.S. Republican presidential candidate former U.S. Senator Rick Santorum waves before the start of the Republican presidential candidates debate in MesaIn a tight race to win the Michigan primary, U.S. Republican presidential candidate Mitt Romney strongly defended his wealth on Sunday and challenged voters to support someone else if they did not like his success. Romney is worth an estimated $250 million and has been accused of being out of touch with most Americans' economic struggles. The issue could be crucial in Tuesday's vote in Michigan, the state where Romney grew up but faces a tough fight after opposing President Barack Obama's bailout of the U.S. auto industry. ...


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Canadian banks play "O Canada" card to grow abroad
Sun,26 Feb 2012 02:08 PM PST
Reuters - TORONTO (Reuters) - When Royal Bank of Canada created advertising for its European wealth management business last year, it built some ads around the image of a shimmering gold maple leaf, playing on Canada's reputation for financial prudence. Embarking on an aggressive expansion, Canada's largest bank wanted to emphasize its roots in a country whose banking sector wins plaudits as the soundest in the world. With Europe's debt crisis dominating the headlines, it was a message designed to resonate with prospective customers. ... Full Story
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Lifetime cost to run F-35 fighter: about $1 trillion
Sun,26 Feb 2012 01:35 PM PST
Reuters - WASHINGTON (Reuters) - The Pentagon estimates that it will still cost about $1 trillion to operate a fleet of 2,443 F-35 fighter jets over the next 50 years, but is continuing to analyze how to drive that staggering sum down, a top U.S. Marine Corps official told Reuters. Lieutenant General Terry Robling, deputy Marine Corps commandant for aviation, said top defense officials agreed last week to continue low-rate production of the new radar-evading warplane built by Lockheed Martin Corp, while keeping a close eye on the cost of maintaining and operating the new jets. ... Full Story
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Syria referendum goes ahead amid military onslaught
Sun,26 Feb 2012 01:33 PM PST
Reuters -

Syria's President Bashar al-Assad and his wife Asma speak to the media after voting at a referendum on a new constitution in DamascusBEIRUT (Reuters) - At least 59 Syrian civilians and soldiers were killed on Sunday in bloodshed that coincided with a vote on a new constitution that could keep President Bashar al-Assad in power until 2028. Assad says the referendum shows his commitment to democratic reform while Western powers and Syrians involved in an 11-month-old revolt against his rule have described it as a farce. ...


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Romney, Santorum seek to overtake at Daytona
Sun,26 Feb 2012 01:20 PM PST
Reuters -

Republican presidential candidate Romney walks past the number 26 Ford, driven by Tony Raines, with advertising for Romney's opponent, Rick Santorum, during his appearance at the NASCAR Sprint Cup Series 54th Daytona 500 race in Daytona BeachDAYTONA BEACH, Florida (Reuters) - Republican White House hopeful Mitt Romney visited the Daytona 500 auto race on Sunday to greet NASCAR fans but couldn't escape the presence of his rival Rick Santorum. Just as Romney strolled out onto the track for photo opportunities and handshakes at the traditional season-opener, the No. 26 car, emblazoned with "Santorum 2012" moved slowly past him into the pit lane. Former Pennsylvania senator Santorum is sponsoring the Front Row Motorsports Ford driven by Tony Raines in Sunday's race. ...


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Analysis: U.S. factory jobs rebound seen destined to fizzle
Sun,26 Feb 2012 12:14 PM PST
Reuters -

U.S. President Barack Obama visits Master Lock in Milwaukee(Reuters) - U.S. manufacturers are hiring at the fastest pace in more than a decade to keep up with new orders but sweeping technological advances could cost thousands of factory workers their jobs in years to come. At a new factory in upstate New York, which is due to churn out its first computer chips this year, technicians are calibrating robots to ferry material from machine to machine using miles of overhead track. ...


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G20 mulls Iran sanctions impact on sidelines: senior official
Sun,26 Feb 2012 12:12 PM PST
Reuters - MEXICO CITY (Reuters) - A senior G20 official said on Sunday there had been considerable discussion on the sidelines of the Mexico G20 meeting about the potential impact that sanctions against Iran may have on the global economic recovery. The official, speaking on condition of anonymity, said the discussions had been constructive and focused on consumers' and producers' plans for ensuring that higher oil prices did not derail the fragile global recovery. ... Full Story
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Greece sets bank recap via common shares with restrictions
Sun,26 Feb 2012 12:04 PM PST
Reuters -

A Greek and an EU flag fly over the Greek ministry of finance in AthensATHENS (Reuters) - Greece plans to recapitalize its struggling banks after a bond swap largely through common shares with restricted voting rights and convertible bonds, according to a draft law submitted to parliament over the weekend. The banks are expected to require recapitalization because of impaired loans and losses from a bond swap that Greece launched on Friday to ease its debt burden. About 50 billion euros ($67.31 billion) have been set aside to recapitalize through Greek banks after the bond exchange. ...


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Colombia's FARC says to cease economic kidnapping, free captives
Sun,26 Feb 2012 11:48 AM PST
Reuters - BOGOTA (Reuters) - Colombia's feared FARC rebel group said it would abandon its decades-long policy of economic kidnapping and free all military and police hostages it holds in jungle camps, another sign the drug-funded leftist insurgents may want a move toward peace. The Revolutionary Armed Forces of Colombia, the biggest and oldest armed group in Latin America, holds 10 members of the armed forces as well as hundreds of civilians it seized as a means of extortion to fund its battle against the government. ... Full Story
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U.S. eyes V-22 aircraft sales to Israel, Canada, UAE
Sun,26 Feb 2012 11:33 AM PST
Reuters - EGLIN AIR FORCE BASE, Florida (Reuters) - The U.S. government is eyeing Israel, Canada and the United Arab Emirates as possible initial foreign buyers of the V-22 Osprey, a tilt-rotor aircraft built by Boeing Co and Bell Helicopter, a top U.S. Marine Corps official told Reuters. Lieutenant General Terry Robling, deputy Marine Corps commandant for aviation, said U.S. officials were continuing to drive down the cost of the aircraft and hoped to sell it to allies overseas to keep the production line running past 2018. U.S. ... Full Story
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Pakistan completes demolition of bin Laden compound
Sun,26 Feb 2012 11:23 AM PST
Reuters -

A girl walks past the building where al Qaeda leader Osama bin Laden was killed by U.S. special forces last May while demolition work is carried out in AbbottabadPESHAWAR, Pakistan (Reuters) - The Pakistani home of al Qaeda chief Osama bin Laden, the place where he was killed after the biggest manhunt in history, is no more. Pakistan security forces completed the demolition of bin Laden's compound on Sunday, erasing a symbol of humiliation for Pakistan's military that has marked one of the most difficult periods in U.S.-Pakistan ties. Bin Laden was killed in the house in Abbottabad on May 2, 2011 by U.S. commandos in a daring night raid that left the Pakistani military angry it had not been consulted. ...


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Netanyahu, Abbas trade barbs over Jerusalem
Sun,26 Feb 2012 11:08 AM PST
Reuters -

Israel's Prime Minister Netanyahu stands with Palestinian Mahmoud Abbas before their meeting in JerusalemJERUSALEM (Reuters) - Palestinian President Mahmoud Abbas accused Israel Sunday of trying to erase any Arabic identity from Jerusalem, drawing a strong response from Israeli Prime Minister Benjamin Netanyahu, who criticized the comments as inflammatory and contemptible. Abbas, speaking at a conference in Qatar, said that for the past few years Israel has been waging a "final battle" aimed at erasing the Arab, Muslim and Christian character of East Jerusalem, which Israel captured from Jordan during the 1967 Middle East war. ...


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Senegal's Wade booed while voting in tense polls
Sun,26 Feb 2012 11:04 AM PST
Reuters -

A Senegalese man votes during Senegal's presidential election in the capital DakarDAKAR (Reuters) - Senegal President Abdoulaye Wade, who is seeking to extend his 12-year rule in the West African state despite complaints he is violating term limits, was heckled by scores of voters as he cast his ballot Sunday. The election follows weeks of violent street protests against the 85-year-old's bid for a third term, and a stream of warnings Senegal's reputation as an established democracy now hangs in the balance. ...


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Glass is still half full for flush American farmers
Sun,26 Feb 2012 10:50 AM PST
Reuters - WASHINGTON (Reuters) - Brian Roach scrawled a simple outlook for corn prices in a spiral notebook, with a line diving from the upper left hand corner to the lower right. Sitting in a hotel ballroom at the U.S. Department of Agriculture's annual Agricultural Outlook Forum last week, the commodity broker predicted increasing supplies and weakening demand would slow a boom in the farm economy that has fattened growers' wallets and pushed up food prices. "Nothing is telling me to think any different right now," said Roach, president of the Florida-based commodity business Roach Ag Marketing. ... Full Story
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U.S. shouldn't speed up Afghanistan pull out: U.S. ambassador
Sun,26 Feb 2012 10:46 AM PST
Reuters -

U.S ambassador to Afghanistan Ryan Crocker speaks during a news conference at the U.S. Embassy in KabulWASHINGTON (Reuters) - The United States should resist the urge to pull troops out of Afghanistan ahead of schedule due to the violence against Americans over the burning of the Koran at a U.S. military base, U.S. Ambassador to Afghanistan Ryan Crocker said on Sunday. "Tensions are running very high here. I think we need to let things calm down, return to a more normal atmosphere, and then get on with business," Crocker said in an interview from Kabul on CNN's "State of the Union." He added that a full investigation of the incident was underway at the Bagram airbase near Kabul. ...


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Bahrain says civilian courts now dealing with most protest cases
Sun,26 Feb 2012 10:17 AM PST
Reuters - MANAMA (Reuters) - Bahrain said on Sunday almost all the verdicts issued by military courts against people involved in a pro-democracy protest movement crushed by the Gulf Arab state last year were now being handled by civilian courts. The statement, which also said 11 people jailed by military courts would be freed, appeared designed to show Bahrain had met the recommendations of legal experts commissioned by the country's king after an international outcry. ... Full Story
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Niger warns against travel to Libya as tensions rise
Sun,26 Feb 2012 09:56 AM PST
Reuters - NIAMEY (Reuters) - Niger's government warned its people on Sunday they could be targeted by roving militias if they travel to Libya, as tensions rise between the neighboring countries over Niger's refusal to extradite Muammar Gaddafi's son Saadi. Two Nigeriens were killed and eleven injured on February 24 in Libya when their vehicle overturned during a car chase in the desert, the latest incident of apparent attacks on Niger immigrants in the country, the government said. "The minister of foreign affairs ... ... Full Story
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ICRC says Syria has not answered ceasefire request
Sun,26 Feb 2012 09:45 AM PST
Reuters - GENEVA (Reuters) - Syrian authorities have still not responded to a request for a ceasefire to allow the wounded to be evacuated from the Baba Amro district of Homs, a spokeswoman for the International Committee of the Red Cross said on Sunday. "The ICRC did not receive an answer yet from the Syrian authorities. The current situation in Baba Amro and other areas affected by the violence is precisely why the ICRC made this request for a two-hour daily halt in the fighting," spokeswoman Carla Haddad said. "The situation is worsening by the hour and people must get help immediately. ... Full Story
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