United States

United States
Friday, January 31st 2014 - 06:53 UTC

US economy advancing at steady pace fuelled by robust consumer spending

However Obama admits working class wages have stagnated

The U.S. economy advanced at a steady pace in the last months of 2013, growth that was fueled by robust consumer spending. The government's Commerce Department said Thursday the world's largest economy grew 3.2%t in the October-to-December period, following a 4.1% advance in the third quarter.

Wednesday, January 29th 2014 - 21:20 UTC

Obama pledges support for the middle class and is prepared to bypass Congress

“Average wages have barely budged. Inequality has deepened. Upward mobility has stalled”, said the president in his State of the Union speech to Congress

US President Barack Obama displayed his strategy for getting around a divided Congress starting with a wage hike for federal contract workers in a State of the Union speech on Tuesday that reflected scaled-back legislative ambitions after a tough year.

Wednesday, January 29th 2014 - 21:07 UTC

Fed shaves another 10bn from stimulus; Turkey and South Africa raise rates

It was chairman Ben Bernanke last meeting, who will be replaced by Janet Yellen (Photo Reuters)

The US Federal Reserve announced a $10bn reduction in its monthly bond purchases from 75bn to 65bn in the second straight month of winding down stimulus efforts. The central bank had been buying bonds in an effort to keep interest rates low and stimulate growth.

Wednesday, January 29th 2014 - 06:46 UTC

Noravirus hits 'Explorer of the Seas' in the Caribbean; 10-day trip cancelled

“Explorer of the Seas” had 3.050 passengers on board and 570 fell sick

The Royal Caribbean cruise 'Explorer of the Seas” has ended the 10-day trip in the Caribbean early after hundreds of passengers and crew members were sickened with a gastrointestinal illness. It is believed the incident is a new case of the noravirus which has been attacking large cruise vessels.

Wednesday, January 29th 2014 - 06:36 UTC

Boxing superstar Mayweather bets 10m dollars on Denver Broncos in Super-bowl

The WBC Super-welterweight champion is known for his extravagant wagers

Reports from the US gambling haven of Las Vegas suggest that boxing superstar Floyd Mayweather has placed 10 million dollars on a Denver Broncos victory in the upcoming Super-bowl.

Tuesday, January 28th 2014 - 17:57 UTC

What can the U.S. learn from Latin America’s declining inequality?

 The top 1% in the US receive 15% of income, one of the most unequal countries in the world .

By Heraldo Muñoz (*) - President Obama recently declared that inequality is “the defining challenge of our age.” When inequality is becoming a growing debate in the United States, what lessons can be drawn from Latin America, which — although still highly unequal — is the only region that managed to reduce income inequality in the last decade?

Monday, January 27th 2014 - 19:26 UTC

Coca Cola CEO warns youth unemployment is a great risk for social peace

Kent was addressing the World Economic Forum in Davos

Unemployment among teens and young adults represents a huge global problem, says Muhtar Kent, CEO of Coca-Cola. In the United States, teenage unemployment totaled 20.2 percent in December and if the situation isn't addressed, the results could be devastating, the social peace and fabric of the world is in danger.

Wednesday, January 22nd 2014 - 11:36 UTC

Obama will visit Francis March 27; both leaders have pledged to tackle gap between rich and poor

Netherlands, Belgium and Italy in the US president European tour

US President Barack Obama plans to visit with Pope Francis at the Vatican in March during a trip to Europe, the White House has announced. Obama is scheduled to meet with the pope on March 27 in a trip that will include stops in the Netherlands, Belgium and other parts of Italy, it said in a statement.

Saturday, January 18th 2014 - 06:21 UTC

Obama announces contention policy for NSA monitoring activities

Relation with Germany and Brazil have been strained since it was revealed that the mobile personal phones of Merkel and Rousseff were bugged

President Barack Obama has announced a ban on US eavesdropping on the leaders of close friends and allies, and rein in the vast collection of Americans' phone data in a series of reforms triggered by Edward Snowden's revelations.

Friday, January 17th 2014 - 07:45 UTC

US consumer inflation in December, 0.3% and in twelve months 1.5%

Fuel prices soared 3.1% in December

US consumer inflation spiked in December, driven higher by rising fuel prices. The consumer price index rose 0.3% on a seasonally adjusted basis, the US Labor Department said.

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