Obama to discuss financial reform one year after Lehman collapse

President Barack Obama will call for quicker action on financial reform during a speech Monday that coincides with the one-year anniversary of the Lehman Brothers collapse, the White House said. Obama will discuss plans to reduce government involvement in the financial sector, and urge reform and global coordination to prevent another financial crisis, administration officials said

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Floods hit Sri Lanka refugee camps

Flash floods have inundated refugee camps in northern Sri Lanka, endangering more than 16,000 Tamil refugees who only months ago survived cross-fire in the country’s two-decade civil war, the United Nations says. Three days of heavy rains have damaged or destroyed nearly 2,000 shelters housing the refugees in the Vavuniya District and in Menik Farm, according to the U.N.

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U.N.: Hundreds killed in Sri Lanka weekend fighting

Hundreds of civilians died during weekend fighting between Sri Lankan government forces and Tamil rebel fighters, the United Nations reported Monday. “Verification is, of course, the part of the problem, because humanitarian agencies are denied access to the region,” U.N. spokesman Gordon Weiss said from the capital, Colombo.

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Sri Lanka denies claims civilians hit by shelling

Sri Lankan officials on Sunday disavowed rebel claims that government troops had indiscriminately shelled a no-fire zone, killing many civilians Saturday night and Sunday morning. The accusations came after the government announced Thursday that it had “re-demarcated” the no-fire zone to encompass a new area 2 kilometers (1.2 miles) long and 1.5 kilometers (0.9 mile) wide

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