Tag: United States

United States
Saturday, August 30th 2014 - 07:10 UTC

Venezuela cheap oil and fuel shipments to allies fall to a five-year low

The accords that former president Hugo Chavez struck to lower energy costs for friends and expand his diplomatic clout, are not being fully complied .

Venezuela’s shipments of crude oil and fuel to its allies have fallen to a five-year low as a weak economy hits its ability to uphold accords that former president Hugo Chávez struck to lower energy costs for friends and expand his diplomatic clout.

Tuesday, August 26th 2014 - 07:14 UTC

UK embassy apologizes for a cake 'commemorating' torching of White House

British troops in 1814 led by Maj Gen Robert Ross, attacked and burned public buildings including the Capitol, Washington Navy Yard and the White House

The British embassy in Washington has apologized after tweeting a picture of a White House cake surrounded by sparklers, “commemorating” the burning of the building 200 years ago.

Saturday, August 23rd 2014 - 06:18 UTC

Yellen insists with expansive policies despite growing pressure from 'hawks' on interest rate

“Five years after the end of the recession, the labor market has yet to fully recover,” argues Fed chief Yellen

Federal Reserve Chair Janet Yellen said Friday that the US jobs market has not yet fully recovered, but acknowledged that data is sending mixed signals, spurring debate over inflationary pressures. In a speech to leading central bankers in Jackson Hole, Wyoming, Yellen, who has kept Fed policy expansive due to perceived excess slack in the jobs market, gave no clear new signs for monetary policy.

Thursday, August 21st 2014 - 07:31 UTC

“Slack of US labor market” keeping the Fed from raising interest rates

Many Fed members pointed to the millions of workers who have been out of work for extended periods or who are unable to find full-time employment.

The US Federal Reserve hinted that a surprisingly strong jobs market recovery could lead it to raise interest rates earlier than it had been anticipating. At the same time, most Fed officials wanted further evidence before changing their view on when rates should rise, according to the minutes from the central bank's July 29-30 meeting.

Monday, August 18th 2014 - 06:35 UTC

Exodus: a million more Puerto Ricans on mainland US than in the island

“The island’s economic crisis may be driving thousands of Puerto Ricans to seek opportunities on the mainland, or to return there,” the report said

A new study has found that Puerto Rico has undergone such a dramatic population shift that there are now over a million more Puerto Ricans on the US mainland than on the US island territory. The Pew Research Center study showed that between 2010 and 2013, more people left Puerto Rico for mainland US than those who left in the 1980s or 1990s.

Saturday, August 9th 2014 - 07:12 UTC

Fifty years since the Gulf of Tonkin incident which triggered the Vietnam war

 “Aggression by terror against peaceful villagers of South Vietnam has now been joined by open aggression on the high seas against the US”, President Johnson

Fifty years ago, a controversial confrontation in the Gulf of Tonkin between the United States and North Vietnam forces set the stage for what eventually became US involvement in the Vietnam War.

Saturday, August 9th 2014 - 05:49 UTC

Forty years ago Watergate forced Nixon to became the only US president to resign

Nixon: “to leave office before my term is completed is abhorrent to every instinct in my body.  But as president, I must put the interests of America first.”

Forty years ago on August 8, 1974, Richard Nixon became the only US president to resign from office. His departure came because of his involvement in the Watergate scandal and subsequent cover-up, which began when Republican campaign operatives broke into Democratic Party headquarters in the Watergate office building in Washington in June of 1972.

Friday, August 8th 2014 - 08:57 UTC

Argentina urges Obama to intercede in holdouts case: Griesa is 'interfering with US foreign policy'

“The US has to be responsible for its justice. We hope to settle this case in an international court” said Cristina Fernandez

Argentine President Cristina Fernández on Thursday urged US President Barack Obama to intercede in the dispute between Argentina and holdouts over Argentine debt, while blasting New York judge Thomas Griesa for “not making any sense”.

Wednesday, August 6th 2014 - 08:54 UTC

US and India clash over food security clause at WTO and suspends TFA protocol

“The fact we do not have a conclusion means that we are entering a new phase in our work, a phase which strikes me as being full of uncertainties,” Azevedo

The failure of the two major players in global trade negotiations to bridge their differences has put paid to the adoption of the protocol of amendment for implementation of the contested Trade Facilitation Agreement (TFA) for the time being.

Saturday, August 2nd 2014 - 08:32 UTC

US economy creates 209.000 jobs in July but unemployment edges up to 6.2%

The US economy expanded at a 4% seasonally adjusted annual rate in the second quarter after a steep 2.1% contraction in the first quarter

The U.S. economy added 209,000 jobs in July, the Labor Department reported on Friday. However the unemployment rate edged up to 6.2% from 6.1%, somehow confirming the Federal Reserve concern about still weak employment.

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