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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.
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.
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
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.”
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.
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.
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.
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.
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.
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.