China says it will hand over an underwater U.S. drone it seized in the international waters of the South China Sea, prompting President-elect Donald Trump to say the United States should tell China to keep the device. Trump does not assume power for another month, but weighed in on the maritime incident in which Chinese naval forces seized the unmanned submersible while it was collecting unclassified scientific data on Thursday.
By David Michaels (*) “Hoodwink” is John Perkins latest book and a blueprint for a new form of global economics, far from predatory capitalism that must put an end to the old formula of “the few benefiting at the expense of the many”.
There is an urgent need for the United States to tackle the deficit in the government's finances since the size of the exposure risks creating instability in the financial markets, according to the International Monetary Fund. However the IMF says the global economic recovery is gaining strength.
Inflation risks are building in all Latin American countries except Mexico, where price gains are low and economic expansion should outpace Brazil this year, according to the the International Monetary Fund World Economic Outlook.
United States farmers have planted the biggest crop in thirteen years according to a report released by the US Department of Agriculture which estimated the area sown to the eight major field crops in 2011 at 103.3 million hectares.
United States unveiled a strategy to spend 53 billion US dollars on high-speed rail and intercity network over the next six years. It's a plan that will, according to Vice-president Joe Biden, bring the US closer to giving 80% of Americans access to high-speed rail in the next 25 years.
The US economic recovery still needs help from the Federal Reserve despite signs of improvement, the central bank's chairman Ben Bernanke said.
While Egypt's government attempted to crackdown on street protests by shutting down internet and mobile phone services, United States is preparing to reintroduce a bill that could be used to shut down the internet.
The number of newly signed sale contracts on existing United States homes registered another increase in December, beating analysts' expectations.
United States Secretary of State Hillary Clinton, has said that widespread anti-government protests over poverty and government repression in Egypt represent an opportunity for the 30-year administration of president Hosni Mubarak to implement “political, economic and social reforms to respond to the legitimate needs and interests of the Egyptian people”.