Today's Politics - Bloomberg News Headlines - Yahoo! News: | | Clinton tells Hu that China-U.S. ties strong Thu,3 May 2012 07:57 PM PDT Reuters - BEIJING (Reuters) - U.S. Secretary of State Hillary of Clinton told Chinese President Hu Jintao on Friday that relations between their two countries were the strongest they had ever been, even as the two countries are engaged in a spat over China's treatment of a blind dissident. "We believe that the China U.S. relationship is stronger than it's ever been," Clinton said during a meeting at the Great Hall of the People. "We have developed a very open and honest relationship where we can discuss our differences, and we remain committed to bridging those differences whenever and wherever ... Full Story | Top | China's yuan is at equilibrium level : People's Daily Thu,3 May 2012 07:52 PM PDT Reuters - BEIJING (Reuters) - China's yuan is at an equilibrium against the dollar and even high in some respects, the country's main official newspaper said on Friday in remarks that could sow further tension in talks between Beijing and Washington. The People's Daily, the mouthpiece newspaper of the ruling Communist Party, said differences in labor productivity and operating costs in the world's two biggest economies show the yuan, or the renminbi, is reasonably valued versus the dollar. The article came just a day after U.S. ... Full Story | Top | Obama under pressure as China dissident appeals for help Thu,3 May 2012 07:52 PM PDT Reuters - BEIJING/WASHINGTON (Reuters) - Blind Chinese dissident Chen Guangcheng made a dramatic plea for help in a cellphone call to a U.S. congressional hearing from his hospital bed in Beijing, raising the pressure on President Barack Obama over his administration's handling of the case. Chen, a self-taught legal activist, sheltered in the U.S. Embassy for six days until Wednesday. He left the embassy on the same day that Secretary of State Hillary of Clinton arrived in Beijing for talks aimed at improving economic and strategic relations between the two superpowers. ...
Full Story | Top | U.S.'s Geithner says China yuan reforms promising Thu,3 May 2012 07:50 PM PDT Reuters - BEIJING (Reuters) - U.S. Treasury Secretary Timothy Geithner told Chinese President Hu Jintao on Friday that China's moves toward a more market-oriented exchange rate system were "very promising". "We consider the broad direction of the economic reforms that you have laid out - to move to a more market oriented exchange rate system, to expand consumption and domestic demand, to open up the Chinese economy further to foreign competition, to create a more modern financial sector - we think these are very promising reforms," Geithner said in the Great Hall of the People. ...
Full Story | Top | China paper calls Chen a U.S. pawn; envoy is a "troublemaker" Thu,3 May 2012 07:45 PM PDT Reuters - BEIJING (Reuters) - One of China's main official newspapers accused blind dissident Chen Guangcheng on Friday of serving as a "tool" for American subversion of Communist Party power and called the U.S. ambassador a backpack-wearing, Starbucks-sipping troublemaker. The commentary in the Beijing Daily was the strongest Chinese state media condemnation yet of the U.S. administration in a standoff over Chen, who sought protection in the U.S. embassy in Beijing, then left, and has now said he regrets that choice and wants exile in the United States. ...
Full Story | Top | U.S. readies proposal to clamp down on fracking Thu,3 May 2012 07:33 PM PDT Reuters - WASHINGTON (Reuters) - The Obama administration wants to clamp down on shale gas drilling on public lands and set standards that proponents of tougher regulation hope will provide a blueprint for drilling oversight nationwide. Industry sources said the Interior Department could propose a new rule on hydraulic fracturing, or fracking, as early as Friday. The measure would require natural gas drillers to disclose chemicals they use to frack wells, a controversial process that involves injecting water, sand and chemicals deep underground to extract fuel from rock formations. ...
Full Story | Top | Nepal cabinet quits, PM to set up unity government Thu,3 May 2012 07:14 PM PDT Reuters - KATHMANDU (Reuters) - All of Nepal's cabinet ministers have resigned to allow the prime minister to set up a broad-based government including main opposition parties, a spokesman said on Friday, which should help finalize the introduction of a new constitution. The Himalayan country wedged between giants China and India has been plagued by instability for years even though a Maoist insurgency ended in 2006 and the monarchy was abolished, as the rebels had demanded, two years later. ...
Full Story | Top | Argentina nationalizes YPF with house vote Thu,3 May 2012 06:14 PM PDT Reuters - BUENOS AIRES (Reuters) - Argentina's Congress nationalized the country's biggest oil company, YPF, by an overwhelming lower house vote that underscored wide popular support for a measure that has rattled foreign investors and trade partners. The Chamber of Deputies voted 207-32 in favor of expropriating YPF, clearing the way for President Cristina Fernandez to sign the bill into law. The Senate last week approved the measure by a similarly overwhelming margin. ...
Full Story | Top | Lawyer for U.S. soldier accused of Afghan massacre objects to background check Thu,3 May 2012 06:08 PM PDT Reuters - SEATTLE (Reuters) - The lawyer representing Robert Bales, the U.S. Army staff sergeant accused of killing 17 Afghan villagers, is objecting to a routine background check required by the military. Seattle-based attorney John Henry Browne, a self-described ex-hippie who has been married seven times and used to play bass in a rock band, said he has no secrets to hide but is opposed to the check on principle. "I don't think a defense lawyer should be 'vetted' by the government," Browne wrote in an email to Reuters on Thursday. "It is intrusive and has a chilling effect on the right to counsel. ...
Full Story | Top | Chesapeake Energy, McClendon under SEC probe Thu,3 May 2012 06:00 PM PDT Reuters - (Reuters) - Chesapeake Energy Corp said on Thursday the company and Chief Executive Aubrey McClendon are under scrutiny by the Securities and Exchange Commission as part of an informal inquiry. Reuters first reported last week that regulators in the agency's Fort Worth office were looking into a controversial program that grants McClendon a share in each of the wells Chesapeake drills. Chesapeake did not specify what regulators were examining but said the company and McClendon were asked to retain certain documents, Chesapeake said in a statement. ...
Full Story | Top | Republicans back Santorum, Rubio for vice president Thu,3 May 2012 05:59 PM PDT Reuters - WASHINGTON (Reuters) - Rick Santorum and Marco Rubio are the top two choices among Republican voters as Mitt Romney's vice presidential running mate, according to a Reuters/Ipsos poll released on Thursday. Eighteen percent of Republican registered voters picked former Pennsylvania Senator Santorum out of a list of 19 potential running mates for Romney, the party's presumptive presidential nominee in the November 6 general election. Seventeen percent chose Rubio, a U.S. senator from Florida. ...
Full Story | Top | Lawmakers push for vote to limit post office closures Thu,3 May 2012 05:57 PM PDT Reuters - WASHINGTON (Reuters) - A bipartisan group of lawmakers is trying to drum up support in the House of Representatives to vote on a Senate-passed bill that would make it tougher for the Postal Service to close some facilities, in part by targeting representatives who may lose postal facilities and jobs in their districts. The group hopes representatives who are concerned about the planned closures of post offices or mail processing sites under the Postal Service's own cost-cutting plan will join them in pressing House leadership to hold a vote on the Senate bill. ...
Full Story | Top | Two arrested after immigrants found stashed in Texas houses Thu,3 May 2012 05:52 PM PDT Reuters - EDINBURG, Texas (Reuters) - Two men face charges of harboring illegal immigrants after authorities found 115 migrants inside three small South Texas houses, some of whom had not had access to food or water for days, federal court records published on Thursday showed. Police responded to an emergency call on Wednesday from an immigrant inside one of the stash houses. The home was bound with padlocks and chains from the outside, with bars covering the windows, said Oscar Trevino, a police spokesman in Edinburg, about 15 miles from the U.S.-Mexico border. ... Full Story | Top | Clinton set to fly into new political storm in Bangladesh Thu,3 May 2012 05:39 PM PDT Reuters - DHAKA (Reuters) - Secretary of State Hillary Clinton may be forced to walk her second diplomatic tightrope in a week when she lands in Bangladesh on Saturday, with Dhaka lurching towards its worst period of political tension in years. Her trip will be the first by a senior U.S. official in 12 years - her husband, President Bill Clinton, visited Bangladesh in 2000 - and comes after relations between Washington and the poverty-stricken South Asia nation hit a rare chill. Fresh from a diplomatic nightmare in China, where U.S. ...
Full Story | Top | Neo-Nazi suspected in Arizona murder-suicide Thu,3 May 2012 05:33 PM PDT Reuters - GILBERT, Arizona (Reuters) - The Neo-Nazi founder of an anti-immigrant border militia is believed to have shot and killed four people before turning a gun on himself following a domestic dispute at a home in a Phoenix suburb, police said on Thursday. Police believe Jason Todd "J.T." Ready opened fire at a house in Gilbert on Wednesday, killing his girlfriend, her daughter, the daughter's boyfriend and the young couple's toddler daughter. He then shot himself, Gilbert Police Sergeant Bill Balafas said. Ready, 39, founded the U.S. ...
Full Story | Top | Brazil government wins appeal in tax dispute with Vale Thu,3 May 2012 05:08 PM PDT Reuters - BRASILIA (Reuters) - Brazil's highest court overturned an injunction that had suspended collection of disputed tax claims from Vale SA , the world's largest iron-ore producer, the company said on Thursday, adding it would appeal the ruling. The miner is fighting four tax bills issued by the federal tax authority, totaling 30.5 billion reals ($15.83 billion) on its earnings abroad. Vale said this is tantamount to double taxation as it paid taxes to foreign governments. ... Full Story | Top | Obama tells Hispanics he's ready to fix immigration laws Thu,3 May 2012 05:01 PM PDT Reuters - WASHINGTON (Reuters) - President Barack Obama told Hispanic voters on Thursday he was ready to sign a broad-based immigration fix, blaming his political rivals in Washington for blocking one of his major unmet campaign promises from 2008. At a Cinco de Mayo reception he hosted at the White House, Obama he would keep fighting for reforms to grant children of undocumented workers a path to U.S. citizenship and address other problems with the country's complex immigration rules. "'No' is not an option. I want to sign the DREAM Act into law. ...
Full Story | Top | Alabama Senate passes tax for bankrupt county Thu,3 May 2012 04:56 PM PDT Reuters - (Reuters) - The Alabama State Senate on Thursday approved a bill allowing cash-strapped Jefferson County to revive a local jobs tax that county officials say is central to working out its $4.27 billion bankruptcy case. The bill, which must also be approved by the legislature's lower house and the governor, would allow any county in Alabama seeking relief from creditors under Chapter 9 of the U.S. Bankruptcy Code to levy and collect taxes. The bill is worth about $60 million a year to Jefferson County and passed in Montgomery with a vote of 16 to 11, with one senator abstaining. ... Full Story | Top | Romney looks to Virginia governor for assist in swing state Thu,3 May 2012 04:49 PM PDT Reuters - PORTSMOUTH, Virginia (Reuters) - For Republican Mitt Romney, it was another visit to a battleground state, another appearance with a potential running mate - and another endorsement from a former rival who once had seethed at the idea of Romney being elected U.S. president. Former Massachusetts governor Romney stopped in this southeastern Virginia city on Thursday and looked to Republican Governor Bob McDonnell for help in inspiring voters in the politically divided state, which Romney hopes to reclaim for his party in the November 6 presidential election. ...
Full Story | Top | Lockheed wins contract to run U.S. cyber crime lab Thu,3 May 2012 04:46 PM PDT Reuters - WASHINGTON (Reuters) - Lockheed Martin Corp on Thursday said it had won a contract worth up to $454 million to support the Pentagon's Cyber Crime Center, a government facility that investigates the growing number of attacks on U.S. government networks. Lockheed beat out General Dynamics Corp, which previously ran the center, to win the contract in January, but the award was held up by a protest filed with the General Accountability Office. ...
Full Story | Top | ECOWAS warn Mali, Bissau juntas, prepares troops Thu,3 May 2012 04:05 PM PDT Reuters - DAKAR (Reuters) - West African leaders warned military juntas in Mali and Guinea Bissau on Thursday that further defiance of the 15-nation bloc's decisions would not be tolerated but stopped short of deploying troops to both countries. Meeting in the Senegalese capital for their second extraordinary summit in a week, the heads of state heard that soldiers who seized power in both countries continue to reject proposals put forward for transition to civilian rule. ...
Full Story | Top | Chesapeake Energy, McClendon under U.S. SEC probe Thu,3 May 2012 04:05 PM PDT Reuters - (Reuters) - Chesapeake Energy Corp said on Thursday the company and Chief Executive Aubrey McClendon are under scrutiny by the U.S. Securities and Exchange Commission as part of an informal inquiry. Reuters first reported last week that regulators in the agency's Fort Worth office were looking into a controversial program that grants McClendon a share in each of the wells Chesapeake drills. Chesapeake did not specify what regulators were examining but said the company and McClendon were asked to retain certain documents, Chesapeake said in a statement. ...
Full Story | Top | Bin Laden had disdain for al Qaeda affiliates: documents Thu,3 May 2012 03:57 PM PDT Reuters - WASHINGTON (Reuters) - Osama bin Laden showed disdain for al Qaeda affiliates, fretted about his organization's image and was deeply worried about its security, according to documents seized from his hideout in Pakistan and released publicly on Thursday. The Combating Terrorism Center, a privately funded research center at the U.S. Military Academy at West Point, posted on its website 17 declassified documents seized during the raid on bin Laden's house in Abbottabad in which he was killed by U.S. commandos a year ago. (http:www.ctc.usma. ...
Full Story | Top | Ford asks steep price for Japan to join trade talks Thu,3 May 2012 03:55 PM PDT Reuters - WASHINGTON (Reuters) - Japan should be required to reduce the size of its auto industry before being allowed into regional free trade talks with the United States and eight other countries in the Asia Pacific, a top Ford Motor Co official said. "Any way you look at the Japanese market, it's the most protected automotive market in the developed world," Steve Biegun, Ford's vice president for international government affairs, said in an interview. ...
Full Story | Top | Key witness in Clemens perjury case could testify Tuesday Thu,3 May 2012 03:37 PM PDT Reuters - WASHINGTON (Reuters) - A key witness in the federal perjury trial of Roger Clemens, his former trainer, could testify on Tuesday, a prosecutor said on Thursday, setting the stage for a possible courtroom confrontation between the baseball legend and his ex-assistant. Testimony from the witness, Brian McNamee, is critical to the government's charges that Clemens lied to Congress about using anabolic steroids and human growth hormone. "I don't think we will reach Mr. McNamee until Tuesday," U.S. Assistant Attorney Steven Durham told Judge Reggie Walton as part of a discussion about scheduling. ...
Full Story | Top | Two arrested after 115 immigrants stashed in Texas Thu,3 May 2012 03:37 PM PDT Reuters - EDINBURG, Texas (Reuters) - Two men face immigrant harboring charges after authorities found 115 undocumented people inside three small South Texas houses, some of whom did not have access to food or water for days, according to federal court records published on Thursday. Police responded to an emergency call on Wednesday from an illegal immigrant inside one of the stash houses. The home was bound with padlocks and chains from the outside, with bars covering the windows, said Oscar Trevino, a police spokesman in Edinburg, about 15 miles from the U.S.-Mexico border. ... Full Story | Top | Blasts in Russia's Dagestan kill up to 20, wound dozens Thu,3 May 2012 03:32 PM PDT Reuters - MOSCOW (Reuters) - As many as 20 people were killed and 30 more wounded when two powerful blasts hit a police post outside the capital of Russia's violence-plagued Dagestan region, Russian media reported on Friday. The first explosion occurred when police stopped a vehicle for document checks, RIA news agency reported, citing a statement by the National Anti-Terrorist Committee. A second bomb exploded when fire brigades and ambulances arrived, causing additional casualties. ... Full Story | Top | Independent counsel sought for MF Global probe Thu,3 May 2012 03:17 PM PDT Reuters - (Reuters) - A U.S. congressman is pressing for the appointment of an independent counsel to take over a federal criminal probe into the collapse of the MF Global Holdings Ltd brokerage firm. Michael Grimm, a first-term Republican congressman from New York City and member of the House Financial Services Committee, has circulated to colleagues a proposed letter that would ask U.S. Attorney General Eric Holder to step aside. The move comes roughly six months after a bankruptcy filing by MF Global, which had been run by former Democratic U.S. Senator and New Jersey Governor Jon Corzine. ...
Full Story | Top | Cayman premier says London aims to "ruin" his nation Thu,3 May 2012 03:11 PM PDT Reuters - GEORGE TOWN, Cayman Islands (Reuters) - A diplomatic spat in the normally tranquil Cayman Islands has put the ruling party and the British government at loggerheads after the locally elected premier accused London of conspiring with opposition politicians to "ruin this country." Premier McKeeva Bush accused British officials, including the British-appointed governor and police commissioner, of conducting baseless investigations into his handling of government contracts. He described the investigations on local television as "nothing more than fishing expeditions. ... Full Story | Top | Sarkozy's chances fade two days before French runoff Thu,3 May 2012 03:07 PM PDT Reuters - PARIS (Reuters) - President Nicolas Sarkozy's chances of holding on to power were fading two days before France's election runoff, with far-right and centrist leaders refusing to endorse him and his usually bland Socialist rival performing confidently in a TV debate. Opinion polls suggested Sarkozy could squeeze Socialist challenger Francois Hollande's lead down to around five percentage points from as much as 10 in the last few days. However, centrist Francois Bayrou effectively buried one of Sarkozy's last hopes of hauling himself higher on Sunday. ...
Full Story | Top | FDA says number of new drug shortages down Thu,3 May 2012 03:06 PM PDT Reuters - WASHINGTON (Reuters) - Health officials said the number of new shortages of crucial drugs used to treat cancer and other illnesses had been halved compared to a year ago, and attributed the improvement to earlier notice from drugmakers about looming supply issues. There have been 42 newly scarce drugs so far this year, compared to 90 in the same period a year ago, U.S. Food and Drug Administration Commissioner Margaret Hamburg said on Thursday on the agency's website. Efforts to combat shortages escalated last year when 250 medicines were in short supply, up from 56 in 2006. ... Full Story | Top | Prosecutors seek 80-year sentence for Charles Taylor Thu,3 May 2012 03:03 PM PDT Reuters - AMSTERDAM (Reuters) - Prosecutors have demanded an 80-year jail term for former Liberian president Charles Taylor, who last week was convicted of aiding and abetting crimes against humanity, before a sentencing decision that is expected to set a precedent. Taylor's sentencing, on May 30, will be closely watched for its impact on other heads of state involved in cases at the International Criminal Court (ICC) in The Hague, where Laurent Gbagbo, the former president of Ivory Coast, is due to face charges of crimes against humanity. ...
Full Story | Top | Two Mexican journalists found dismembered in eastern Mexico Thu,3 May 2012 02:56 PM PDT Reuters - MEXICO CITY (Reuters) - The mutilated corpses of two Mexican photographers were found on Thursday by police in the eastern state of Veracruz, the latest in a series of attacks that have made Mexico one of the most dangerous countries in the world for journalists. The bodies of Guillermo Luna and Gabriel Huge were discovered chopped up in garbage bags and dumped in a canal in the town of Boca del Rio, the Veracruz government said in a statement. Police also found two other corpses in the canal but have not yet identified them. ...
Full Story | Top | Obama administration urges freer access to cellphone records Thu,3 May 2012 02:54 PM PDT Reuters - WASHINGTON (Reuters) - The U.S. Congress should pass a law to give investigators freer access to certain cellphone records, an Obama administration official said on Thursday, in remarks that raised concern among advocates of civil liberties and privacy. Jason Weinstein, a deputy assistant attorney general in the Justice Department's criminal division, argued that requirements for warrants at early stages of investigations would "cripple" prosecutors and law enforcement. The U.S. ... Full Story | Top | Gunmen fire on Nigeria cattle market, 60 killed Thu,3 May 2012 02:47 PM PDT Reuters - MAIDUGURI/ABUJA (Reuters) - Gunmen threw bombs and opened fire on a cattle market in remote northeastern Nigeria, killing at least 60 people, a spokesman for Yobe state governor said, an attack whose motives remain unknown. "The Yobe State Governor has visited the Potiskum cattle market where he was informed that 60 people had been killed in the attack, while 29 people are receiving treatment at the Hospital," Abdullahi Bego, spokesman for Governor Ibrahim Gaidam, told Reuters by telephone. It was not clear who was behind the attack overnight on Wednesday in the town of Potiskum. ... Full Story | Top | California medical pot crackdown hits upscale Santa Barbara Thu,3 May 2012 02:29 PM PDT Reuters - LOS ANGELES (Reuters) - A crackdown on California's medical marijuana supply chain by federal authorities targeting the state's illegal drug trade arrived this week in the affluent, coastal county of Santa Barbara. The latest actions include three asset forfeiture lawsuits filed against properties housing marijuana operations and warning letters sent to people associated with 10 cannabis dispensaries deemed "illegal marijuana stores," federal officials said. "All known marijuana stores in Santa Barbara County are now the subject of federal enforcement actions," a statement from the U.S. ... Full Story | Top | Chen makes dramatic phone appeal to U.S. lawmakers Thu,3 May 2012 02:21 PM PDT Reuters - WASHINGTON (Reuters) - Blind Chinese dissident Chen Guangcheng made a dramatic telephone appeal to come to the United States in a call broadcast live on Thursday to a U.S. congressional hearing. "I want to come to the U.S. to rest. I have not had a rest in 10 years," Chen said, his comments in Chinese made on a mobile telephone that was held up to a microphone at the hearing. "I'm concerned most right now with the safety of my mother and brothers. I really want to know what's going on with them. ...
Full Story | Top | U.S. handling of Chen case is Obama's "day of shame": Romney Thu,3 May 2012 02:19 PM PDT Reuters - PORTSMOUTH, Virginia (Reuters) - Republican presidential candidate Mitt Romney slammed the Obama administration on Thursday for its handling of Chinese dissident Chen Guangcheng's case, calling it "a day of shame." The blind dissident is under Chinese control in a Beijing hospital after taking refuge in the U.S. Embassy and then leaving it in a deal between the Chinese and U.S. governments. ...
Full Story | Top | Documents show tense al Qaeda-Iran relationship Thu,3 May 2012 02:13 PM PDT Reuters - WASHINGTON (Reuters) - Al Qaeda's relationship with Iran's government has been fractious at best and openly antagonistic at worst, according to documents confiscated from Osama bin Laden's hideout in Pakistan and made public on Thursday. In the years since the September 11, 2001, attacks on New York and Washington, high-ranking al Qaeda leaders, lower level militants and members of bin Laden's family were held in custody by Iranian authorities, though U.S. officials say precise conditions of their confinement are unclear. ... Full Story | Top | Obama under pressure as China dissident appeals for help Thu,3 May 2012 02:09 PM PDT Reuters - BEIJING/WASHINGTON (Reuters) - Blind Chinese dissident Chen Guangcheng made a dramatic plea for help in a cellphone call to a U.S. congressional hearing from his hospital bed in Beijing, raising the pressure on President Barack Obama over his administration's handling of the case. Chen, a self-taught legal activist, sheltered in the U.S. Embassy for six days until Wednesday. He left the embassy shortly before U.S. Secretary of State Hillary of Clinton arrived in Beijing for talks aimed at improving economic and strategic relations between the two superpowers. ...
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