Tuesday, October 29, 2013

Daily News: Reuters News Headlines - Analysis: On healthcare, spying, questions on what Obama knew and when

Tuesday, Oct 29, 2013 05:48 PM PDT
Today's Reuters News Headlines - Yahoo! News:

Analysis: On healthcare, spying, questions on what Obama knew and when 
Tuesday, Oct 29, 2013 05:48 PM PDT
U.S. President Obama pauses while he speaks about immigration reform in the East Room at the White House in WashingtonBy Steve Holland WASHINGTON (Reuters) - To his critics, President Barack Obama often has seemed to be conveniently distant when trouble has hit his administration. But on Tuesday, Obama was hit with a public-relations crisis that struck at the core of his domestic and foreign policy - one that raised questions about whether he had misled Americans on his signature healthcare overhaul, and whether he really was unaware of the U.S. government's alleged spying on its allies. ...
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Obama under fire as Americans lose prior health plans 
Tuesday, Oct 29, 2013 05:43 PM PDT
Applications are seen at a rally held by supporters of the Affordable Care Act in Jackson, MississippiBy Roberta Rampton WASHINGTON (Reuters) - President Barack Obama is facing fresh attacks for his pledge that Americans who like their current healthcare plans can keep them under Obamacare after reports that thousands of Americans facing cancellation notices. Accusations that the pledge was misleading are potentially a deeper threat to Obama than the website glitches that have plagued Healthcare.gov since its October 1 launch and allowed only a trickle of people to sign up on new federal insurance exchanges. ...
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U.S. senators seek to cut Iran's oil sales in half - again 
Tuesday, Oct 29, 2013 05:09 PM PDT
A member of security personnel looks on at oil docks at the port of Kalantari in the city of ChabaharBy Timothy Gardner WASHINGTON (Reuters) - Fresh U.S. sanctions over Iran's disputed nuclear program being debated behind closed doors in the Senate aim to slash the country's oil sales in half within a year of the plan being signed into law, an influential senator said this week. Robert Menendez, the chairman of the Senate Foreign Relations Committee, told a meeting of the American Israel Public Affairs Committee (AIPAC) in New York on Monday that a package of sanctions ready to move in his chamber has a goal of cutting Iran's current oil exports to no more than 500,000 barrels per day. ...
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U.S. nuclear arms overhaul needed to ensure reliability: officials 
Tuesday, Oct 29, 2013 05:32 PM PDT
Workers examine a B53 nuclear bomb at B&W Pantex nuclear weapons storage facility outside Amarillo in handout photographBy David Alexander WASHINGTON (Reuters) - The U.S. nuclear arsenal needs a multi-billion dollar overhaul in the coming decade to ensure the weapons' safety and effectiveness, defense officials said on Tuesday, despite warnings from arms control groups that the effort is unaffordable and unnecessary. Assistant Defense Secretary Madelyn Creedon told a panel in the U.S. House of Representatives that modernization work on the aging weapons was needed to give policymakers the confidence they need to pursue President Barack Obama's goal of deeper cuts to the nuclear stockpile. ...
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NSA chief defends agency amid U.S. spy rift with Europe 
Tuesday, Oct 29, 2013 03:45 PM PDT
From left, Director of the National Security Agency (NSA), Gen. Keith B. Alexander; Rand Beers, Acting Deputy Secretary of Homeland Security; Patrick Gallagher, director of the Commerce Department's National Institute of Standards and Technology; and Richard McFeely, Executive Assistant Director of Criminal, Cyber, Response and Services Branch, Federal Bureau of Investigation, testify on Capitol Hill in Washington, Wednesday, June 12, 2013, before the Senate Appropriations Committee hearing on NSA surveillance. (AP Photo/Charles Dharapak)By Tabassum Zakaria and Deborah Charles WASHINGTON (Reuters) - The head of the National Security Agency defended his beleaguered organization on Tuesday, saying it acts within the law to stop militant attacks and calling reports that the NSA collected data on millions of phone calls in Europe false. Army General Keith Alexander, testifying with other U.S. spy chiefs before the House of Representatives Intelligence committee, sought to defuse a growing controversy over reports of NSA snooping on citizens and leaders of major U.S. allies. ...
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JPMorgan's $13 billion deal hits stumbling blocks: sources 
Tuesday, Oct 29, 2013 03:31 PM PDT
JP Morgan Chase & Co sign outside headquarters in New YorkBy Aruna Viswanatha and David Henry (Reuters) - JPMorgan Chase & Co and the U.S. Justice Department have hit snags in working out the final details of their $13 billion settlement over the bank's mortgage bonds, two people familiar with the talks said. The bank and the government are arguing over whether JPMorgan should be forced to pay for mistakes made by Washington Mutual, the failed mortgage lender it bought during the financial crisis. JPMorgan is also looking to shut down some criminal inquiries into the bank's mortgage business before the financial crisis, said one of the sources. ...
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Dogged by dissent, Israel frees 26 Palestinian prisoners 
Tuesday, Oct 29, 2013 04:48 PM PDT
A released Palestinian prisoner reacts upon his arrival at the Erez crossing between Israel and the northern Gaza StripBy Dedi Hayoun OFER PRISON, West Bank (Reuters) - Israel freed 26 Palestinian prisoners on Wednesday, the second stage of a limited amnesty designed to help U.S.-sponsored peace talks that have been dogged by divisions on both sides. The inmates, convicted of murder in the killing of Israelis before or just after interim accords were signed two decades ago, were bussed from jail at midnight to welcoming parties in the occupied West Bank and the Gaza Strip. ...
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China's anti-pollution drive risks running out of gas 
Tuesday, Oct 29, 2013 05:39 PM PDT
Labourer works at a coking plant in ChangzhiBy Adam Rose and David Stanway BEIJING (Reuters) - A chronic shortage of natural gas is hurting China's plan to move away from burning coal to heat homes and offices, raising the prospect of more choking air pollution this winter and beyond. The problem is worst in northern China, where air pollution mainly caused by decades of reliance on coal has lowered life expectancy by an estimated 5.5 years compared to the south, Chinese and international researchers said in July. ...
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U.S. lawmakers call for action to curb Internet child trading 
Tuesday, Oct 29, 2013 02:37 PM PDT
Audience members listen to testimonies at House of Representatives' adoption reform committee in ChicagoBy Megan Twohey CHICAGO (Reuters) - U.S. lawmakers called Tuesday for federal action to prevent parents from giving unwanted adopted children to strangers met on the Internet, and the Illinois attorney general urged Facebook and Yahoo to police online groups where children may be advertised. The demands come as nations whose orphans have been adopted by Americans contend that the U.S. government isn't doing enough to stop the practice, known as "private re-homing. ...
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Exclusive: Merck works toward bringing Zilmax back to the U.S., Canada market 
Tuesday, Oct 29, 2013 04:01 PM PDT
By P.J. Huffstutter CHICAGO (Reuters) - U.S. drugmaker Merck & Co told Reuters on Tuesday that it plans to bring its Zilmax animal feed additive back for sale in the United States and Canada, after it completes an audit of how the muscle-building cattle feed product is used in the agriculture sector. A spokeswoman for the company's Merck Animal Health unit said that while "it is too early to speculate on when we will resume sales for Zilmax in the U.S. and Canada," Merck was pushing forward with its quality control program to ensure the weight-adding drug is being properly used. ...
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Push for immigration action targets House Republicans 
Tuesday, Oct 29, 2013 12:19 PM PDT
Protesters calling for comprehensive immigration reform gather on the Washington MallBy Gabriel Debenedetti and Andy Sullivan WASHINGTON (Reuters) - U.S. businesses, religious leaders and other supporters of overhauling the nation's immigration laws mounted a massive lobbying push on Tuesday to urge a reluctant House of Representatives to tackle the issue before the end of the year. More than 600 people from 40 states planned to meet one-on-one with lawmakers to encourage the House to act soon on a top priority of labor groups, Latinos and businesses ranging from apple growers to software companies. ...
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Obama under fire as Americans lose prior health plans 
Tuesday, Oct 29, 2013 03:58 PM PDT
Applications are seen at a rally held by supporters of the Affordable Care Act in Jackson, MississippiBy Roberta Rampton WASHINGTON (Reuters) - President Barack Obama is facing fresh attacks for his pledge that Americans who like their current healthcare plans can keep them under Obamacare, as reports pile up of thousands of Americans facing cancellation notices. Accusations that the pledge was misleading are potentially a deeper threat to Obama than the website glitches that have plagued Healthcare.gov since its October 1 launch and allowed only a trickle of people to sign up on new federal insurance exchanges. ...
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China's anti-pollution drive risks running out of gas 
Tuesday, Oct 29, 2013 03:48 PM PDT
Labourer works at a coking plant in ChangzhiBy Adam Rose and David Stanway BEIJING (Reuters) - A chronic shortage of natural gas is hurting China's plan to move away from burning coal to heat homes and offices, raising the prospect of more choking air pollution this winter and beyond. The problem is worst in northern China, where air pollution mainly caused by decades of reliance on coal has lowered life expectancy by an estimated 5.5 years compared to the south, Chinese and international researchers said in July. ...
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In new U.S. budget talks, Republican proposal has flipped the script 
Tuesday, Oct 29, 2013 02:15 PM PDT
Rep. Ryan departs after a news conference in WashingtonBy Andy Sullivan WASHINGTON (Reuters) - Republicans in the Congress are taking a new tack in the budget wars that have convulsed Washington for the past three years: They want to soak the rich, or at least get them a little damp. As Democrats and Republicans kick off another round of budget talks on Wednesday, a proposal by House of Representatives Budget Committee Chairman Paul Ryan appears to have flipped the usual script. ...
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Exclusive: Obama orders curbs on NSA spying on U.N. headquarters 
Tuesday, Oct 29, 2013 11:11 AM PDT
An undated aerial handout photo shows the National Security Agency (NSA) headquarters building in Fort Meade, MarylandBy Mark Hosenball (Reuters) - President Barack Obama recently ordered the National Security Agency to curtail eavesdropping on the United Nations headquarters in New York as part of a review of U.S. electronic surveillance, according to a U.S. official familiar with the decision. Obama's order is the latest known move by the White House to limit the NSA's vast intelligence collection, in the wake of protests by allies, including German Chancellor Angela Merkel, over U.S. spying on foreign heads of state. The full extent of U.S. ...
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Obamacare official apologizes for website glitches 
Tuesday, Oct 29, 2013 11:44 AM PDT
Marilyn Tavenner, administrator of the Centers for Medicare & Medicaid Services, testifies before a House Ways and Means Committee hearing on "Affordable Care Act Implementation on Capitol Hill in WashingtonBy David Morgan and Susan Heavey WASHINGTON (Reuters) - The head of the U.S. agency responsible for the troubled new government-run healthcare website apologized on Tuesday for the difficulty people are having in obtaining insurance, but blamed the portal's woes on contractors and high traffic. Marilyn Tavenner, administrator of the U.S. Centers for Medicare and Medicaid Services (CMS), said the website faces "complex technical issues" four weeks after it opened for enrollment. "We know that consumers are eager to purchase this coverage. ...
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A year after Sandy, thousands still can't return home 
Tuesday, Oct 29, 2013 11:43 AM PDT
By Dave Warner and Victoria Cavaliere SEASIDE PARK, N.J./NEW YORK (Reuters) - A year after Superstorm Sandy inundated the East Coast with record flooding that left 159 people dead, residents of hard-hit New Jersey and New York shore communities still have a ways to go in rebuilding damaged homes. New Jersey governor, Chris Christie, began his day at the beach town of Seaside Park, where homes were flooded by two to three feet of water when the storm roared ashore. ...
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European banks pay heavy price for scandals 
Tuesday, Oct 29, 2013 11:37 AM PDT
File photograph shows a pedestrian passing the head office of the Lloyds Banking Group in LondonBy Sara Webb and Katharina Bart AMSTERDAM/ZURICH (Reuters) - Four European banks paid a heavy price on Tuesday in a clean-up of the financial industry, with Rabobank fined $1 billion and three other major lenders preparing for possibly huge legal costs after a string of scandals. Dutch Rabobank said it would pay regulators in the United States, Britain and the Netherlands 774 million euros after 30 employees were involved in "inappropriate conduct" linked to interest rate manipulation. ...
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Slow Obamacare site repairs may limit coverage, savings 
Tuesday, Oct 29, 2013 01:49 PM PDT
A busy screen is shown on the laptop of a Certified Application Counselor as he attempted to enroll an interested person for Affordable Care Act insurance in MiamiBy Lewis Krauskopf and David Morgan (Reuters) - If technical problems with the U.S. government's new healthcare website are not fixed in November, hundreds of thousands of Americans could lose easy access to lower-cost coverage, jeopardizing the Obama administration's goal of making affordable insurance broadly available in 2014. Consumers in 36 states are relying on Healthcare.gov to qualify for tax subsidies that will reduce coverage costs under the 2010 Affordable Care Act, which was expected to cover 7 million people next year alone through new private insurance marketplaces. ...
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Texas attorney general asks court to reinstate abortion measure 
Tuesday, Oct 29, 2013 11:16 AM PDT
Texas Attorney General Abbott speaks during an anti-abortion rally at the State Capitol in AustinBy Karen Brooks AUSTIN, Texas (Reuters) - Texas Attorney General Greg Abbott on Tuesday asked a federal appeals court judge to immediately reinstate a restriction on abortion that a lower court judge had ruled unconstitutional, according to a court filing. A federal district court judge on Monday ruled unconstitutional a provision requiring physicians who perform abortions to have an agreement with a local hospital to admit patients. That was part of a sweeping new Texas law restricting abortions that was set to go into effect on Tuesday. ...
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Defiant Israel returns to U.N. rights forum 
Tuesday, Oct 29, 2013 09:19 AM PDT
Nitzan, Deputy Attorney General Ministry of Justice of Israel waits with Manor, Israel Ambassador to the U.N. before the Human Rights Council UPR session on Israel at the UN in GenevaBy Stephanie Nebehay GENEVA (Reuters) - Israel appeared before the main United Nations human rights body on Tuesday, ending a 20-month boycott of the Geneva forum which it accuses of bias against the Jewish state. Eviatar Manor, Israel's ambassador in Geneva, led its delegation to the session, held as part of the U.N. Human Rights Council's examination of U.N. member states every four years. "It was not an easy decision to make," Manor said in an opening statement to the talks. "But Israel's unfair treatment must come to an end. ...
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Can Merkel really be surprised the NSA spied on her? 
Tuesday, Oct 29, 2013 09:23 AM PDT
Mobile phone simulating call to German Chancellor Merkel and computer with a series of numbers is seen in picture illustration taken in FrankfurtBy Erik Kirschbaum BERLIN (Reuters) - When Angela Merkel was growing up in communist East Germany, she recalls her parents getting nervous whenever she talked for too long on the phone. "Hang up! The Stasi is listening and it's all being recorded," warned her mother, according to one biography. But somewhere along the line between her childhood behind the Iron Curtain and becoming chancellor of a united Germany, Merkel apparently lost her fear of eavesdropping. She called Barack Obama last week to demand clarification of reports that the U.S. ...
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U.N. inspectors hold 'very productive' nuclear talks with Iran 
Tuesday, Oct 29, 2013 10:33 AM PDT
Iran's ambassador to the IAEA Najafi talks to journalists ahead of a meeting with U.N. nuclear inspectors about Iran's disputed nuclear programme at Iran's embassy in ViennaBy Fredrik Dahl VIENNA (Reuters) - The U.N. nuclear watchdog and Iran held "very productive" talks this week on how to advance a long-blocked investigation into Iranian atomic activities and will meet again in Tehran next month, they said in a rare joint statement on Tuesday. The relatively upbeat announcement by Iran and the International Atomic Energy Agency may further buoy hopes for a negotiated solution to the international standoff over Tehran's nuclear ambitions after the June election of moderate President Hassan Rouhani, who is seeking to reduce tension with the West. The U.N. ...
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Syrian deputy PM dismissed after U.S. talks 
Tuesday, Oct 29, 2013 09:15 AM PDT
Jamil, Syria's deputy prime minister for economic affairs, listens during a news conference in MoscowBEIRUT (Reuters) - Syria's deputy prime minister, Qadri Jamil, was dismissed on Tuesday for leaving the country and acting without government permission after meeting U.S. officials in Switzerland, state media said. The sacked minister is a member of what President Bashar al-Assad calls the "patriotic opposition" - political parties that consider themselves rivals to the president but have not joined the 2-1/2-year revolt against his rule. "Jamil was dismissed because he left his center of work without prior permission and did not follow up on his duties ... ...
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Spain launches legal inquiry into U.S. spying allegations 
Tuesday, Oct 29, 2013 08:03 AM PDT
U.S. ambassador in Spain, James Costos, leaves the foreign ministry after being summoned to a meeting with Spain's European Secretary of State in MadridMADRID (Reuters) - Spain's public prosecutor launched a preliminary inquiry on Tuesday into reports that U.S. intelligence has spied on million of its citizens. Attorney General Eduardo Torres-Dulce authorized an information gathering process after El Mundo newspaper reported on Monday that the United States had tracked more than 60 million Spanish phone calls, his office said in a statement. Spain summoned the U.S. ambassador on Monday to discuss the allegations, which are similar to reports of U.S. ...
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Iraq's Maliki to seek U.S. arms, role on Iran and Syria 
Tuesday, Oct 29, 2013 08:56 AM PDT
Iraq's Prime Minister Nuri al-Maliki speaks during the opening ceremony of the Defence University for Military Studies inside BaghdadBy Ahmed Rasheed BAGHDAD (Reuters) - Iraqi Prime Minister Nuri al-Maliki flew to Washington on Tuesday, seeking urgent military supplies to fight an upsurge in sectarian violence spilling over the Syrian border. He will also present himself to President Barack Obama as a potential mediator for him with Iran and Tehran's Syrian ally, Bashar al-Assad, Iraqi sources said - though U.S. officials played down the prospect of Maliki playing such a role. Two years after his last visit, as U.S. ...
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Pistorius to face additional gun charges in murder trial 
Tuesday, Oct 29, 2013 08:52 AM PDT
Olympic and Paralympic running star Oscar Pistorius reacts ahead of court proceedings at the Pretoria Magistrates courtBy Peroshni Govender JOHANNESBURG (Reuters) - South African Olympic and Paralympic track star Oscar Pistorius will face two additional gun-related charges at his trial for the murder of his girlfriend due to start in March next year, prosecutors said on Tuesday. Pistorius, who is on bail, says he acted in self defense mistaking his model girlfriend Reeva Steenkamp for an intruder when he shot and killed her on Valentine's Day at his upmarket home in February. She was shot in the head, arm and hip. ...
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Kenya says some soldiers looted during Nairobi mall attack 
Tuesday, Oct 29, 2013 07:38 AM PDT
Kenya Defence Forces soldiers are seen in windows as they comb the rooftop of the Westgate shopping mall in NairobiNAIROBI (Reuters) - Kenyan soldiers sent to protect civilians looted shops while al Qaeda-linked militants killed scores of people during a siege at a Nairobi shopping mall last month, the army admitted on Tuesday. The head of the Kenyan Defense Forces (KDF) said two members of a special combat unit had been dismissed from the force and jailed and a third was under investigation, though he rejected reports of systematic, large-scale looting by troops. "Discipline is our core driving point and we are not playing with this issue. ...
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Egypt and Brotherhood should pursue reconciliation: minister 
Tuesday, Oct 29, 2013 07:57 AM PDT
Army soldiers take positions as Al-Azhar University student members of Muslim Brotherhood and supporters of Mursi, shout slogans against the military and Interior Ministry during a march in CairoBy Michael Georgy CAIRO (Reuters) - Egypt's army-backed government and the Muslim Brotherhood should seek reconciliation because only an inclusive political process, not security crackdowns, can bring stability to the country, a senior minister said on Tuesday. The most populous Arab state has been shaken by violence since the army toppled President Mohamed Mursi of the Brotherhood in July and announced a plan for new elections. ...
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U.S. House panel chairman subpoenas Obamacare contractor 
Tuesday, Oct 29, 2013 06:53 AM PDT
WASHINGTON (Reuters) - U.S. House Oversight and Government Reform Committee Chairman Darrell Issa on Tuesday subpoenaed Obamacare contractor, Quality Software Services Inc (QSSI), for documents related to the federal government's troubled website, Healthcare.gov. (Reporting by David Morgan; Editing by David Brunnstrom)
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Iraqi PM flies to U.S., seeking arms to fight militants 
Tuesday, Oct 29, 2013 07:35 AM PDT
Iraq's Prime Minister Nuri al-Maliki speaks during the opening ceremony of the Defence University for Military Studies inside BaghdadBAGHDAD (Reuters) - Iraq's Prime Minister Nuri al-Maliki travelled to the United States on Tuesday to press for urgent help and arms to combat the worst upsurge of violence in years. Nearly three years since the last U.S. troops withdrew, Sunni Islamist militants are waging a campaign to destabilize the Shi'ite-led government that came to power after former dictator Saddam Hussein was overthrown in 2003. ...
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China suspects Tiananmen crash a suicide attack- sources 
Tuesday, Oct 29, 2013 05:20 AM PDT
Vehicles travel along Chang'an Avenue as smoke raises in front of a portrait of late Chinese Chairman Mao Zedong at Tiananmen Square in BeijingBy Benjamin Kang Lim and Ben Blanchard BEIJING (Reuters) - Chinese authorities investigating what could be Beijing's first major suicide attack were searching for two men from Muslim-dominated Xinjiang on Tuesday after three people suspected to be from the restive region drove a SUV into a crowd at Tiananmen Square and set it on fire. They killed themselves and two tourists on Monday in the square, the heart of China's power structure and the focal point of the mass 1989 pro-democracy demonstrations brutally crushed the military. ...
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Judge in Brotherhood trial withdraws, case indefinitely adjourned 
Tuesday, Oct 29, 2013 05:05 AM PDT
CAIRO (Reuters) - The trial of three senior Egyptian Muslim Brotherhood leaders on charges of inciting violence was halted on Tuesday after the judge said the court felt "unease" over the case. Judge Mohamed Amin Fahmi al-Qarmouty announced the decision at the start of the session and referred the case to another court. The case against Mohamed Badie, General Guide of the Muslim Brotherhood, and his deputies Khairat al-Shater and Rashad Bayoumy is part of a campaign against the Islamist movement waged by the authorities since the army overthrew President Mohamed Mursi on July 3. ...
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Leaders of South African 'Boer Army' plot receive long jail terms 
Tuesday, Oct 29, 2013 06:08 AM PDT
Members of the right-wing "Boeremag" wait ahead of their sentencing at Pretoria High CourtJOHANNESBURG (Reuters) - Five leaders of a "Boer Army" white supremacist plot in South Africa to assassinate Nelson Mandela and drive blacks out of the country were sentenced to 35 years in prison on Tuesday after a trial lasting more than 10 years. A Pretoria High Court handed down sentences ranging from 20 to five years to others of the 21 defendants of the "Boeremag", a rag-tag militia of apartheid loyalists accused of a botched 2002 coup attempt in Africa's biggest economy. This had including charges of causing explosions. Some of the sentences were suspended. ...
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Obama may ban U.S. intelligence collection on allied leaders 
Tuesday, Oct 29, 2013 05:55 AM PDT
By Steve Holland WASHINGTON (Reuters) - President Barack Obama may ban U.S. spying on allied leaders as part of a review of intelligence gathering, a senior Obama administration official said on Tuesday amid a diplomatic uproar over the National Security Agency's surveillance ability. A week after reports surfaced that the eavesdropping extended to German Chancellor Angela Merkel's mobile phone, Obama is under pressure to take steps to reassure Americans and allies. ...
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China's top court urges judicial independence, end to interference 
Tuesday, Oct 29, 2013 03:59 AM PDT
Policemen guard the entrance outside Shandong Province Supreme People's Court in Jinan, Shandong provinceBEIJING (Reuters) - China must rid its courts of corruption and stop officials interfering in decisions, a paper on reforms by the top court said on Tuesday, referring to a judicial system that answers to the Communist Party and almost never sides with defendants. The paper, published on an official website managed by the Supreme People's Court, comes ahead of the third plenum of the ruling Communist Party's 205-member Central Committee next month, a key meeting of party elite where economic and social reforms are expected to emerge. ...
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BP ups asset sales, dividend as big oil Q3 kicks off 
Tuesday, Oct 29, 2013 02:16 AM PDT
A British Petroleum (BP) logo is seen at a petrol station near the Burj Khalifa in DubaiBy Andrew Callus LONDON (Reuters) - BP Plc kicked off the quarterly results season for top global oil firms with some good news for the sector's beleaguered investors - a forecast beating result, a dividend hike, and a promise to sell more assets and return the proceeds to shareholders. The world No. 5 by value among investor-controlled oil and gas groups also reassured investors that capital spending next year would stay steady at $24-$25 billion - a slight tightening from previous guidance of $24-$27 billion for the years up to 2020. ...
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Insight: From Russia to labor shortages, Latvia faces stern tests in euro 
Tuesday, Oct 29, 2013 02:12 AM PDT
A boy looks through a shop window in ValkaBy Alistair Scrutton and Aija Krutaine VALKA, Latvia (Reuters) - From his office near Latvia's border, Valka deputy major Viesturs Zarins can see the future. It's down the road, right at the supermarket and past the derelict house. Across a disused border post lies Estonia, a euro currency nation that Latvia will next year emulate. From a quirk of history this town is split between the two countries, where some street vendors deal in euros and others in Latvian lats. Latvia's adoption of the euro on January 1 may encourage investment and lower borrowing costs. ...
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