United States

United States
Friday, August 28th 2009 - 19:45 UTC

Number of problem US banks the highest in 15 years

FDIC chairman Sheila Bair

The number of problem US banks rose to the highest level in 15 years between April and June, the industry's regulator has revealed. The Federal Deposit Insurance Corporation (FDIC) said 416 banks had failed its test criteria during the quarter, up 111 from January to March.
It added that 81 US banks had now been forced to close this year.

Thursday, August 27th 2009 - 15:56 UTC

Uruguayan Independence Day in New York City

For many Uruguayans living in the New York area, the 25th August is not only an important day to remember their origins, but also a day to meet old and new friends, alike.

Thursday, August 27th 2009 - 15:36 UTC

Obama envoy: “US not interested in having bases in Colombia”

McMullen said Venezuela’s Chavez was not acting responsibly when he talks of “winds of war” in the region

A top official from President Obama’s administration touring South America said on Wednesday that “the US is not interested in military bases in Colombia” and suggested Venezuela’s President Hugo Chavez “is not acting responsibly” when he talks of “winds of war” in the region because of a security agreement between United States and Colombia

Thursday, August 27th 2009 - 15:19 UTC

An “eternally grateful” Chile mourns Ted Kennedy’s death

Chilean President Michelle Bachelet awarded Sen. Edward Kennedy the Order of the Merit to Chile last September.

Chilean President Michelle Bachelet gave her condolences on Wednesday to the family of the late Massachusetts Senator, Edward Kennedy, whom she called “A great politician who supported a democratic Chile during hard times for our country.”

Wednesday, August 26th 2009 - 07:39 UTC

Majority of Colombians agree with US forces deployed in the country

US support for the so called “Colombia Plan” dates back to Bill Clinton’s administration.

Over half of Colombians support or agree with the presence of US forces in the country’s military bases, as established in a cooperation agreement which has triggered a strong controversy in South America.

Wednesday, August 26th 2009 - 02:01 UTC

Skyrocket US budget deficit: tax rise once recession is over

US Executive and Congress shocked at the several trillion US dollars deficit

The US budget deficit will soar to almost 1.6 trillion US dollars this year, the highest on record, both the White House and Congress have warned. Fuelled by President Obama's 787 billion stimulus package and reduced tax revenues due to the recession, it compares with a 455 billion US dollars deficit in 2008.

Tuesday, August 25th 2009 - 22:08 UTC

Obama confirms nomination of Bernanke as head of the Federal Reserve

Bernanke “helped put the brakes on our economic free-fall” said Obama

President Barack Obama confirmed Tuesday that he has nominated Ben Bernanke for another term as chairman of the US central bank, the Federal Reserve. The president took a break from his summer holiday to make the announcement.

Monday, August 24th 2009 - 10:56 UTC

Release of data on US skyrocketing deficits will mark this week’s markets

The US ten-year budget deficit is anywhere between 7 and 9 trillion US dollars.

United States President Barack Obama's domestic policy proposals will face the reality of skyrocketing deficits on Tuesday when officials release two government reports projecting huge budget shortfalls over the next decade.

Saturday, August 22nd 2009 - 11:08 UTC

Lula da Silva suggested to Obama a meeting to discuss US forces in Colombia

Obama thanked Lula da Silva for the invitation and said he would consider the issue with his advisors

Brazilian president Lula da Silva suggested to his peer Barack Obama that he should meet with South American leaders to address the announced presence of US forces in seven Colombian bases.

Thursday, August 20th 2009 - 16:17 UTC

US does not have or seeks bases inside Colombia, said Hillary Clinton

The US Secretary of State recommends critics to read the agreement

United States Secretary of State Hillary Clinton said the US-Colombia defence cooperation agreement would not create US bases in Colombia or significantly increase US military presence in the region.

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