The US administration of President Barack Obama formally unveiled on Wednesday the “Buffett rule”, legislation to ensure that all millionaires would pay a minimum federal tax of 30%.
The US will seek to wind down combat operations in Afghanistan during 2013, more than a year before a deadline for withdrawal, the defence secretary says. Speaking while travelling to a Nato summit, Leon Panetta said the US hoped to switch to a role training and supporting Afghan forces.
In the best Latin American or European tradition more than 400 anti-Wall Street protesters were arrested in Oakland during a night of violent skirmishes in which police fired tear gas and bean bag projectiles, the city said on Sunday, marking one of the biggest mass arrests since nationwide economic protests began last year.
American Airlines announced changes to its coming spring and summer schedule that will expand the airline’s presence in Brazil. Next December, American’s route between Dallas/Fort Worth (DFW) and Sao Paulo (GRU) will be operating with the new state-of-the-art Boeing 777-300ER, making Brazil the first market for the new aircraft.
The US economy grew at its fastest pace in one and a half years in the fourth quarter of 2011, but a strong rebuilding of stocks by businesses and a slower pace of spending on capital goods hinted at softer growth early this year.
The administration of US President Ronald Reagan was aware of the “planned” stealing of babies born in captivity from jailed political prisoners, during the Argentine military dictatorship (1976/1983), since there was a “clear decision” to hand them to families considered faithful and reliable to the regime, said a former top US official.
At least 85 dolphins have beached in a shallow inlet of a US nature reserve at Cape Cod, officials reported adding that the cause of the mass stranding remained a mystery.
The Federal Reserve has said it does not now expect to raise interest rates in the US until late 2014. The surprise move announced Wednesday sent the dollar sharply lower in markets, and caused US government borrowing costs to fall.
President Barack Obama has attacked income inequality as he set the tone for his re-election bid in his third State of the Union speech. Obama emphasised the importance of an economy that works for everyone, in the nationally televised address to Congress.
The cause of an early morning fire in Florida State Seminole County that destroyed one of the world's oldest cypress trees, 3.500 years, remained a mystery, but a state forestry investigator is convinced it was not the work of an arsonist.