Daily News Channel
Over the past four years, the media has come to see Iran once again in black and white, and almost exclusively through the antics of its bombastic President, Mahmoud Ahmadinejad. To some degree, Ahmadinejad has invited the oversimplification of Iran with blunt verbal strikes at the West calculated to dominate headlines
General Motors, the nation’s largest automaker and for decades an icon of American manufacturing, stood on the brink of a bankruptcy filing and a de facto government takeover on Monday. A bankruptcy petition will be filed at 8 a.m., according to a source with direct knowledge of the bankruptcy proceedings. President Barack Obama will address the nation shortly before noon on Monday to explain the rationale for the filing, and his hopes that this is the best route for a turnaround, two officials close to the situation told CNN.
One was the archetypal military strongman, intent on maintaining the social order and saving his country from "catastrophe." The other was a charismatic shipyard electrician and trade union leader who was just as determined to lead his countrymen to freedom.
The trial of Aung San Suu Kyi has been postponed until Friday while the country’s military junta once again justified — albeit indirectly — its detention of the opposition leader. Without mentioning Suu Kyi by name, a full-page article in the New Light of Myanmar newspaper on Saturday laid out the penalty for someone running afoul of the state’s subversion laws — under which the pro-democracy advocate is being tried. “The restrictions can be extended up to a total of five years with the prior approval of the government in accordance with the law,” the article said
In May 2005, when the corporate world’s enthusiasm for China was at its peak, I spent a few days in Beijing in the company of a bunch of top business executives from the U.S.
The Obama administration asked the Supreme Court to reject an appeal by Chinese Muslim dissidents who want to be brought to the United States after their release from Guantanamo Bay, Cuba.
Commercial real estate may soon bulldoze the green shoots. A coming wave of defaults on loans to developers of condominiums, office buildings and malls could do significant damage to the already deflating economy.
The future of Opel remained uncertain Friday after Italian car giant Fiat withdrew from talks in Berlin due to concerns over emergency funding demanded by the German government for the ailing automaker. Fiat had been one of two potential bidders, along with Canadian-Austrian supplier Magna, still in the running to take over Opel, which is currently owned by General Motors. Fiat said in a statement Friday it remained interested in taking control of Opel but said the German government’s demand for the potential suitors to provide $417 million in short-term funding would expose Fiat to “unnecessary and unwarranted risks.” “Fiat remains open and committed to continue discussions with all parties involved with a view to find a stable and lasting solution for the industrial activities of Opel,” Fiat said
With their nation under high security alert, South Koreans mourned a former leader at a funeral ceremony Friday morning.
The interior ministers of Germany’s 16 states have launched an investigation into the activities of the Church of Scientology, hoping to assemble the evidence to support banning the U.S.-based organization from operating in Germany. But skeptics question whether such a move is politically and legally tenable — or wise