United States

United States
Thursday, November 6th 2014 - 06:28 UTC

Cannabis debate in US rages with legalization claiming more states

Oregon, Alaska and Washington DC votes in referendums to legalize marihuana use

Residents of Oregon, Alaska, and the US capital Washington voted on Tuesday to legalize marijuana in key victories that could fuel the legalization movement as cannabis usage is increasingly recognized by the American mainstream.

Thursday, November 6th 2014 - 06:17 UTC

Most powerful Republican intends to employ a “trust and verify” with Obama

“When the American people chose divided government, I think it means they want us to look for areas of agreement” said Senator McConnell

Kentucky Senator Mitch McConnell said on Wednesday he intends to employ a “trust but verify” relationship with President Barack Obama when he takes the helm as the new Senate majority leader, saying voters sent a clear message that both parties must govern.

Wednesday, November 5th 2014 - 06:43 UTC

The end of an era: Is the US petrodollar under threat?

China and Russia have been furiously signing energy deals: the most obvious is the $456 billion gas deal that Russian Gazprom signed with China in May

Recent trade deals and high-level cooperation between Russia and China have set off alarm bells in the West as policymakers and oil and gas executives watch the balance of power in global energy markets shift to the East.

Wednesday, November 5th 2014 - 05:59 UTC

Republicans take control of the Senate: complicated last two years for Obama

Kentucky's Mitch McConnell will become the Senate majority leader.

The Republican Party has taken control of the Senate in the US mid-term elections, increasing their power in the final years of President Barack Obama's presidency. After gains in Arkansas, Montana, South Dakota, West Virginia and Colorado, North Carolina clinched victory. Kentucky's Mitch McConnell will become the Senate majority leader.

Wednesday, November 5th 2014 - 04:30 UTC

US reply to Argentina: Soderberg's responsibilities as public servant not linked to bonds' dispute

Ms Soderberg's responsibilities in PIDB ”are not linked to any activity she might have as a private citizen in Argentina’s dispute with bondholders.”

The US Department of State has backed the appointment of Nancy Soderberg as Chair of the Public Interest Declassification Board (PIDB), saying her “responsibilities” as public servant are “not linked” with Argentina’s dispute with the holdouts, Argentina's Telam news agency reported.

Wednesday, November 5th 2014 - 03:43 UTC

Argentina appeals Judge Griesa's 'contempt of court' ruling

Griesa said that Argentina’s moves to strip Bank of New York Mellon as the trustee for bonds and plans to replace it with Nacion Fideicomisos was illegal

Argentina on Monday asked the Second Circuit Court of Appeals to overturn a federal judge’s finding that it is in contempt of court for taking steps to evade his orders that bondholders who agreed to debt restructurings can only be paid if holdout hedge funds are also compensated.

Friday, October 31st 2014 - 21:21 UTC

Argentina's holdout dispute spills into the White House: CFK sends letter to Obama questioning Ambassador Soderberg

In the letter CFK asks if Nancy Soderberg, “the person you have appointed as Chair of PIDB”, is also the Co-Chair of the American Task Force Argentina

In a harsh letter, released on Friday, Argentine President Cristina Fernandez urged US President Barack Obama to explain whether ”Nancy Soderberg, the person you have appointed as Chair of the Public Interest Declassification Board (PIDB), which reports directly to the Government of the United States of America, is also the Co-Chair of the American Task Force Argentina (ATFA), an entity specifically created to attack and slander the Argentine Republic and its President.”

Friday, October 31st 2014 - 06:49 UTC

US economy expands 3.5% in third quarter boosted by government spending and exports

Growth was lifted in the third quarter by a sharp increase in government spending, which itself was boosted by a surge in defense expenditure.

The US economy grew at an annual rate of 3.5% in the July-September quarter, the Commerce Department reported on Thursday. That was better than the 3% pace that economist had been expecting and follows the 4.6% growth rate recorded in the April-June quarter.

Wednesday, October 29th 2014 - 07:01 UTC

Griesa invokes Foreign sovereign immunities act in Argentine bonds dispute

“In dealing with what can be subjected to turnover, the FSIA simply does not mention property located outside the United States,” Griesa wrote.

US judge refused on Tuesday to require Bank of New York Mellon Corp to turn over to holders of defaulted Argentine bonds any of the 539 million dollars the country deposited to pay creditors who participated in its past restructurings.

Wednesday, October 29th 2014 - 06:35 UTC

Obama congratulates Dilma and underlines 'strategic value' of relation with Brazil

“The President emphasized the strategic value of our bilateral partnership and reinforced his commitment to deepening our cooperation”

President Barack Obama on Tuesday telephoned Brazilian head of state Dilma Rousseff to congratulate her on her re-election, the White House said in a statement. Obama “emphasized the strategic value of our bilateral partnership and reinforced his commitment to deepening our cooperation in areas such as commerce, energy, and other priority bilateral issues through our existing strategic dialogues”.

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