Daily News Channel
The advocates for nationalizing U.S. banks have been out in force recently. Senator Lindsay Graham, who almost certainly does not have a PhD in economics or finance told ABC News that banks were in such deep trouble that government ownership of the institutions may be the only way to save the financial system
The Israeli tennis player refused an entry visa to Dubai has told CNN she is "very, very disappointed" to have been denied the opportunity to play.
U.S. Secretary of State Hillary Clinton arrived in Japan Monday to begin a week-long trip through four Asian nations, looking to begin building new international relationships to help tackle some of the world’s toughest challenges. Speaking to reporters en route to Tokyo, Clinton said “going to Asia is, for me, a very big part of how we’re going to demonstrate the Obama administration’s approach to dealing with the multitude of problems that we see, but also the opportunities as well.” Her visits to Japan, Indonesia, South Korea, and China will include discussions on a host of sensitive topics, from climate change to nuclear proliferation
Russian billionaire Roman Abramovich is spending more than £240 ($340) per minute on his London football club, Chelsea FC, fresh figures have revealed. Abramovich, who took over the Stamford Bridge club in 2003, has since poured £710 million ($1.03 billion) into rejuvenating the team — an amount that equates to the incredible $342 per minute
If you are a firm believer in the war in Afghanistan, Defense Secretary Robert Gates’ grim assessment last month of what lies in store for the U.S. might have made you shudder.
Ever since gold miners first scraped their fortunes out of the hills of northern California, America’s most populous state has been a land of titanic dreams. These days, though, it’s a place with even bigger problems. Its $42 billion budget deficit would make an out-of-control Hollywood director blush — and bankrupt a small nation
Pakistani government officials announced Monday that they have reached an agreement with the Taliban to allow strict Islamic law, or sharia, to be implemented in parts of North West Frontier Province. It marks a major concession by the Pakistani government in its attempt to hold off Taliban militants who have made significant advances inside the country. The government will recognize sharia for the entire Malakand Division, which includes the Swat district, the chief minister of North West Frontier Province Amir Haider Hoti announced Monday in a news conference.
Last year’s gripping campaign and the wave of popularity behind Barack Obama have focused tremendous attention on the White House and the presidency. As the country marks Presidents Day, TIME spoke with author and historian Richard Norton Smith about America’s “schizoid” relationship with its President, the lofty expectations for Obama and the way history’s verdicts can shift over time. What interests you as a historian about our new President There is a theory, and I think it holds some credence, that every 30 years or so America is in a regenerative mood
North Korea has a long history of communicating with the United States through provocation and brinksmanship, and it has played to type ahead of Secretary of State Hillary Clinton’s four-nation trip to Asia that began Sunday. In recent weeks, Pyongyang has annulled its maritime border with South Korea, renounced the nonaggression agreement between the two countries, and moved missiles and equipment around in ways that could signal preparations for a launch, according to U.S. officials.
A court has lifted a ban on identifying a man charged with one of a number of deadly wildfires that scorched southwestern Australia this month. The man, 39-year-old Brendan Sokaluk, did not appear in Monday’s hearing in Melbourne Magistrates’ Court, the Australian Associated Press reported