BP removes cap from plugged oil well The Australian | BP overnight removed a massive cap which had stemmed the flow of oil from its ruptured well deep in the Gulf of Mexico in a key step toward killing the well once and for all, officials said. | "Under the direction of the federal science team and US Government engineers, BP has completed the c...
Jobs deficit lays bare failure of Obamanomics Asia Times | Sep 2, 2010 Jobs deficit lays bare failure of Obamanomics | By Peter Morici | With thousands of young college graduates moving in with parents and returning Iraq-war veterans facing long-term unemployment, President Barack Obama is scrambling for cover. Irresponsible spend...
Defense Secretary Offers Cautious Views on Wars The New York Times | SENJARAY, Afghanistan — No one has ever accused Defense Secretary Robert M. Gates of happy talk, but during a trip this week to assess the state of America’s two wars his words were more restrained than usual. Pool photo by Jim Watson |...
Indictment Accuses Firm of Exploiting Thai Workers The New York Times | A federal grand jury in Honolulu has indicted six labor contractors from a Los Angeles manpower company on charges that they imposed forced labor on some 400 Thai farm workers, in what justice officials called the biggest human-trafficking case eve...
Beijing asks cos to look at options for Potash bid The Times Of India HONG KONG | MELBOURNE: Chinese officials have ordered state-owned companies to meet with investment bankers to explore potential options to block BHP Billiton’s $39-billion bid for Canada’s Potash Corp, according to a source with direct knowledge...
From Hiding, Indonesian Defends Free Expression The New York Times | JAKARTA — Hiding out with a two-year jail sentence hanging over his head and vigilantes vowing to track him down, the editor of Indonesia’s defunct version of Playboy magazine, Erwin Arnada, insists he was never in the pornography busin...
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The 10 Things to Talk About This Weekend The New York Times | 1. Newt Gingrich on ground zero: “Nazis don’t have the right to put up a sign next to the holocaust museum in Washington.” And Newt shouldn’t be allowed w...
ONGC, Oil India incur Rs 4,745 cr loss on sale of APM: Govt Deccan Herald New Delhi, Aug 17, PTI: Tuesday, August 17, 2010 --> | State-owned oil firms incurred Rs 4,745 crore annual losses on pre-revised rates, prompting the government to more than doubl...
Earthquake Hits New Zealand The New York Times | Filed at 2:33 p.m. ET The New York Times | WELLINGTON, New Zealand (AP) -- A powerful 7.4-magnitude earthquake struck much of New Zealand's South Island early Saturday. No tsunami alert was issued and there were no reports of injuries. | The quake,...
Will Heir Be Unveiled at North Korean Convention? The New York Times | Filed at 11:58 a.m. ET | SEOUL, South Korea (AP) -- North Korea is preparing its largest political meeting in 30 years, and leader Kim Jong Il is expected to appoint a son to a key Workers Party position in what would be the strongest sign yet of a...
GLOBAL MARKETS-Stocks, dollar rise on signs recovery on track The Guardian * Risk assets rally on jobs report, falter on other data * Dollar rallies versus yen after U.S. jobs data * U.S. bonds fall sharply, then pare losses on ISM report * Oil flip-flops, falls after services sector news (Updates with close of European markets) By Herbert Lash NEW YORK, Sept 3 (Reuters) - Stocks jumped and commodities rallied on Friday a...
Bernanke Says He Failed to See Financial Flaws Herald Tribune | WASHINGTON — Ben S. Bernanke, who told Congress in 2007 that the subprime mortgage crisis was “likely to be contained,” said Thursday that he had failed to recognize flaws in the financial system that amplified the housing downturn and led to an economic disaster. AC = 1234 | --> | Under pointed but polite questioning from me...
