Tag: Weekend News Digest

Weekend News Digest

Weekend News Digest is an Open Thread

From Yahoo News Top Stories

1 Mexico sees flu stabilizing but world on guard

By Catherine Bremer, Reuters

40 mins ago

MEXICO CITY (Reuters) – Mexico’s flu outbreak appeared to be stabilizing on Saturday but officials warned it was too early to ease vigilance against an unpredictable virus which still threatens a global pandemic.

“It would still be imprudent to say that we’re past the worst of it but I do think…we are in a stage of stabilization,” Mexican Health Minister Jose Angel Cordova told reporters.

In Geneva, a World Health Organization official said the virus had not spread in a sustained way outside North America, as would be required before the global pandemic alert level is raised to its highest level — but he added he still expected this to happen.

Weekend News Digest

Weekend News Digest is an Open Thread

Now with Top, World, U.S News, and Politics Stories, including special Swine Flu Supplement.

From Yahoo News Top Stories

1 Iraq says U.S. raid "a crime," violated security pact

By Aref Mohammed, Reuters

26 mins ago

BASRA, Iraq (Reuters) – Iraq considers a U.S. military raid that killed two people a crime and wants U.S. forces to hand over those responsible to the courts, an Iraqi official said on Sunday.

Hundreds of Iraqis protested in the southern city of Kut against U.S. forces and the provincial governor also condemned the military operation.

The U.S. military had any immediate comment on the Iraqi stance but said the raid was carried out with the full approval of Prime Minister Nuri al-Maliki’s government.

Weekend News Digest

Weekend News Digest is an Open Thread

Now with World and U.S. News.

From Yahoo News Top Stories

1 WHO warns of flu pandemic as Mexico City frets

By Catherine Bremer, Reuters

44 mins ago

MEXICO CITY (Reuters) – A new flu strain that has killed up to 68 people in Mexico could become a pandemic, the World Health Organization warned on Saturday, as the nation’s crowded capital hunkered down in fear of the disease.

Hospitals tested patients with flu symptoms for the never-before-seen virus, which has also infected eight people in the United States. There have been no further deaths in Mexico City since Friday, but 24 new suspected cases were being tested and officials warned the strain was spreading fast between people, meaning there was a risk of a major outbreak.

“It has pandemic potential because it is infecting people,” WHO Director-General Margaret Chan said in Geneva.

Weekend News Digest

Weekend News Digest is an Open Thread

Now with World and U.S. News.

From Yahoo News Top Stories

1 Archaeologists hunt for Cleopatra’s tomb in Egypt

By Will Rasmussen, Reuters

Sun Apr 19, 9:11 am ET

ALEXANDRIA, Egypt (Reuters) – High on a hill overlooking the Mediterranean Sea, buried deep under the crumbling limestone of a temple to the goddess Isis, archaeologists believe the body of Queen Cleopatra may lie.

The tomb of the Egyptian queen has never been found but archaeologists are discovering more evidence that Cleopatra’s priests carried her body to the temple after her suicide, where it could lie with her lover Marc Antony.

“This could be the most important discovery of the 21st century,” Zahi Hawass, Egypt’s chief archaeologist, told reporters on a tour of the temple on Sunday. “This is the perfect place for them to be hidden.”

Weekend News Digest

From Yahoo News Top Stories

1 Kohn says Fed can prevent inflation surge

By Ros Krasny, Reuters

43 mins ago

NASHVILLE, Tenn (Reuters) – The Federal Reserve will not allow its unorthodox policies to lead to a surge in inflation, but may need to do more to ease credit if the economy fails to respond to stimulus measures, the Fed’s No. 2 official said on Saturday.

But even with U.S. economy now in its sixth quarter of recession, Donald Kohn, vice chairman of the Federal Reserve, said the central bank’s attempts to heal ailing credit markets and spur an economic recovery have been working, in ways that include lowering mortgage interest rates.

“The situation in financial markets and the economy would have been far worse if the Federal Reserve hadn’t taken the actions we did,” Kohn told a conference at Vanderbilt University in Nashville.

Weekend News Digest

Weekend News Digest is an Open Thread

From Yahoo News Top Stories

1 Thai protesters defy state of emergency

by Jutarat Tongpiam, AFP

2 hrs 33 mins ago

BANGKOK (AFP) – Thousands of Thai anti-government protesters flouted a state of emergency in Bangkok on Sunday, rallying against embattled Prime Minister Abhisit Vejjajiva after he ordered tanks onto the streets.

Demonstrators attacked Abhisit’s convoy, captured armoured vehicles and roamed the streets of the capital — a day after forcing the cancellation of a summit of Asian leaders in a major humiliation for the government.

The red-shirted supporters of fugitive former prime minister Thaksin Shinawatra massed outside Abhisit’s offices as night fell Sunday despite the premier’s threats to use force to restore order.

Weekend News Digest

Weekend News Digest is an Open Thread

From Yahoo News Top Stories

1 Top cleric rejects changes to Afghan Shi’ite law

By Samar Zwak, Reuters

Sat Apr 11, 5:25 am ET

KABUL (Reuters) – A top Shi’ite cleric said on Saturday the Afghan government had no right to change a law for Shi’ite Afghans that was widely condemned by Afghanistan’s Western backers for curbing women’s rights.

The Shi’ite Afghan Personal Status Law was an idea of Ayatollah Mohammad Asef Mohseni, who led the council of leading Muslim clerics which helped draft the legislation.

The law, meant to formalize minority Shi’ite family law which differs from the majority Sunni population, contains articles that some lawmakers have said would legalize marital rape and U.S. President Barack Obama called “abhorrent.”

Weekend News Digest

Weekend News Digest is an Open Thread

From Yahoo News Top Stories

1 Taliban threaten 2 attacks per week in Pakistan

By ZARAR KHAN, Associated Press Writer

1 hr 56 mins ago

ISLAMABAD – A suicide bombing at a crowded Shiite mosque south of Pakistan’s capital killed 22 people Sunday, the latest evidence of how security in the U.S.-allied nation is crumbling well beyond the Afghan border region where al-Qaida and Taliban fighters thrive.

The violence came as a senior Pakistani Taliban commander said his group was behind a deadly suicide bombing Saturday night in Islamabad and promised two more attacks per week in the country if the U.S. does not stop missile strikes on Pakistani territory.

Sunday’s suicide bomber set off his explosives at the entrance to a mosque in Chakwal city in Punjab province, some 50 miles (80 kilometers) south of Islamabad, said Nadeem Hasan Asif, a top security official in the province. The blast killed 22 and wounded dozens, he said.

2 At least 22 killed in Pakistan suicide bombing

By Faisal Mehmood, Reuters

Sun Apr 5, 10:02 am ET

CHAKWAL, Pakistan (Reuters) – A suicide bomber blew himself up at a gathering of minority Shi’ite Muslims in Pakistan on Sunday killing 22 people a day after a deadly suicide attack in the capital, police said.

Pakistan is crucial to U.S. efforts to stabilize neighboring Afghanistan and U.S. President Barack Obama has said the release of additional U.S. aid to the nuclear-armed country depends on how it tackles terrorism.

The attack in the central city of Chakwal came a day after a pilotless U.S. drone aircraft killed 13 people including militants in the northwest and a suicide bomber killed eight soldiers in Islamabad.

Weekend News Digest

Final.

1 Administration Seeks an Out On Bailout Rules for Firms

Officials Worry Constraints Set by Congress Deter Participation

By Amit R. Paley and David Cho

Washington Post Staff Writers

Saturday, April 4, 2009; Page A01

The Obama administration is engineering its new bailout initiatives in a way that it believes will allow firms benefiting from the programs to avoid restrictions imposed by Congress, including limits on lavish executive pay, according to government officials.

Administration officials have concluded that this approach is vital for persuading firms to participate in programs funded by the $700 billion financial rescue package.

The administration believes it can sidestep the rules because, in many cases, it has decided not to provide federal aid directly to financial companies, the sources said. Instead, the government has set up special entities that act as middlemen, channeling the bailout funds to the firms and, via this two-step process, stripping away the requirement that the restrictions be imposed, according to officials.

Weekend News Digest

Weekend News Digest is an Open Thread

From Yahoo News Top Stories

1 US-backed Iraqi troops quell Baghdad uprising

By ROBERT H. REID, Associated Press Writer

57 mins ago

BAGHDAD – U.S.-backed Iraqi forces swept through a central Baghdad slum Sunday, disarming Sunnis from a government-allied paramilitary group to quell a two-day uprising launched to protest the arrest of their leader.

At least four people were killed and 21 wounded in the two days of fighting between government troops and the Awakening Council in Fadhil, a ramshackle warren of narrow, fetid streets on the east side of the Tigris River where al-Qaida once held sway.

Members of the Fadhil council said Sunday they decided to give up the fight and hand over their weapons to spare the neighborhood, whose bullet-pocked buildings bore witness to intense combat there two years ago.

Weekend News Digest

Weekend News Digest is an Open Thread

From Yahoo News Top Stories

1 European protesters march in G20 rallies

By DEAN CARSON, Associated Press Writer

20 mins ago

LONDON – Thousands of people marched through European cities Saturday to demand jobs, economic justice and environmental accountability, kicking off six days of protest and action planned in the run-up to the G20 summit next week in London.

In London, more than 150 groups threw their backing behind the “Put People First” march. Police said around 35,000 attended the demonstration, snaking their way across the city toward Speaker’s Corner in Hyde Park. Protest organizers said they wanted leaders from the world’s top 20 economies to adopt a more transparent and democratic economic recovery plan.

Brendan Barber, who heads an umbrella group for Britain’s unions, told assembled protesters in London’s Hyde Park that the G20 needed to “take actions to lay the foundation for a better world.”

Weekend News Digest

Weekend News Digest is an Open Thread

From Yahoo News Top Stories

1 Treasury’s toxic asset plan could cost $1 trillion

By MARTIN CRUTSINGER, AP Economics Writer

1 hr 13 mins ago

WASHINGTON – The Obama administration’s latest attempt to tackle the banking crisis and get loans flowing to families and businesses rely on a new government entity, the Public Investment Corp. to help purchase as much as $1 trillion in toxic assets on banks’ books.

The plan that Treasury Secretary Timothy Geithner intends to announce Monday aims to use the resources of the $700 billion bank bailout fund, the Federal Reserve and the Federal Deposit Insurance Corp.

The initiative will seek to entice private investors, including big hedge funds, to participate by offering billions of dollars in low-interest loans to finance the purchases and also sharing risks if the assets fall further in value.

Load more