Bernanke warns on imbalance risks with Asia

Ben Bernanke said on Monday that it was “extraordinarily urgent” that the US and Asia adopt policies that prevent a revival of global economic imbalances as the financial crisis ebbs. The Federal Reserve chairman warned that global imbalances — the big gaps between national saving, consumption and investment rates reflected in large trade deficits and surpluses — had helped cause the crisis and needed to be corrected.

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Behind the scenes in Obama’s war council debate

There’s an air of mystery hanging over President Obama’s war council, which meets in secrecy yet again this week to discuss a new strategy for Afghanistan in the highly secure White House Situation Room. But senior officials closely involved in the decision-making process reveal that the president and his team are grappling with one particularly urgent question: Will Gen.

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Pakistan launches ground offensive against militants

The Pakistani army launched a major ground offensive against militants Saturday in the country’s lawless northwest, according to military and government officials. About 28,000 Pakistani soldiers have moved into the epicenter of Taliban activity in the vast tribal region of South Waziristan, said two military officials and a source inside the prime minister’s office, who did not want to be identified because they were not authorized to speak to the media

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Fireworks blaze kills 32 in India

A raging blaze at a wholesale fireworks store killed at least 32 people in southern India, police said Saturday. About 28,000 Pakistani soldiers have moved into the epicenter of Taliban activity in the vast tribal region of South Waziristan, said two military officials and a source inside the prime minister’s office, who did not want to be identified because they were not authorized to speak to the media

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Unrest continues for third day in East Jerusalem

Israeli police on Tuesday arrested Sheikh Raed Salah, leader of the Islamic movement in Israel, in the third consecutive day of unrest in East Jerusalem, police said. Salah, an Israeli-Arab and former mayor of the Haifa District city of Umm el-Fahm, was arrested in Wadi Joz in East Jerusalem and was being questioned by police for incitement, Jerusalem police spokesman Shmulik ben Rubi said.

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