Daily News Channel
Jose Reyes Ferriz, mayor of the Mexican border city of Juarez, presides over what may be the western hemisphere’s most dangerous town, certainly the hardest hit by Mexico’s drug-war terror. Since the start of last year, Juarez has seen almost 2,000 drug-related murders
In Washington, a New York Times report that Pakistan’s Inter-Services Intelligence agency is directly assisting militant groups fighting against U.S. and NATO forces in Afghanistan has barely raised an eyebrow. Veteran Pakistan watchers here have known — or suspected — as much for several years.
For shoppers in today’s economy, there’s just too much temptation out there. Sure, your pockets are tight
President Obama — saying "the terrorists who planned and supported the 9/11 attacks are in Pakistan and Afghanistan" — announced a new strategy Friday to confront the growing threat in Afghanistan and now Pakistan.
A devastating suicide blast struck a mosque in the strife-torn tribal region of Pakistan Friday, killing at least 51 people and wounding more than 100 others, local officials said. The casualty toll was expected to rise in the blast, which occurred near the Afghanistan border in the Bigiari area of Jamrod sub-division in Khyber Agency.
Since the first, dramatic interventions into the financial system by the Treasury Department and the Federal Reserve during the collapse of Bear Stearns a year ago, Timothy Geithner has based his approach on one underlying theory. The crisis, the former New York Fed president and now Treasury Secretary believes, is the result of the collapse of a shadow banking system that grew over the past 30 years to rival the traditional banking system in size but lacked all four of the safeguards that had been imposed after repeated collapses of the traditional system in the early part of the 20th century. Geithner, his predecessor Hank Paulson, FDIC chief Sheila Bair and Fed Chairman Ben Bernanke have so far used ad hoc powers to erect two of those crucial four pillars.
Things I would never think to write a song about: tax software programs, White House cabinet members, Paul Krugman. Now, I might write a song about Maureen Dowd , but Krugman? Yes, the Nobel Prize-winning economist and New York Times columnist has a gift for breaking down complicated economic situations into easily digestible concepts, but he rarely inspires within me a sense of passion.
President Obama plans to send another 4,000 troops to Afghanistan along with hundreds of civilian specialists in an effort to confront what he considers "the central challenge facing [that] country," senior administration officials said Thursday. The president also will call on Congress to pass a bill that triples U.S. aid to Pakistan to $1.5 billion a year over five years, the officials said
“Power is getting people or groups to do something they don’t want to do,” writes Leslie H. Gelb, former president of the Council on Foreign Relations, in his new book, Power Rules. It seems an aggressively simplistic thought for a member of the foreign policy priesthood.
It’s not exactly the can-do, uplifting kind of message that President Barack Obama or Congressional Democrats want to deliver to the voting public. But in the face of soaring deficit projections and growing Republican and moderate Democratic opposition to the Administration’s $3.6 trillion budget plan, it may just be the best they can do.