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Bullish Wall Street grapples with rate concerns »

Bullish Wall Street grapples with rate concerns

Wall Street enters the first trading week of 2010 on a bullish note but the market remains dogged by concerns on the timing of any interest rate hike by the Federal Reserve amid economy recovery.

China to execute mine explosives maker »

China to execute mine explosives maker

A Chinese explosives maker has been sentenced to death for supplying an illegal iron mine with material that ignited in the tunnels, killing 26 miners.

Obama still standing after tough year »

Obama still standing after tough year

US President Barack Obama’s hopes of sparking rapid political transformation in 2009 fell short, but his administration still dreams of forging historic change.

The Realist Prism: Obama Must Deliver in 2010 »

The Realist Prism: Obama Must Deliver in 2010

During the holiday season, pundits traditionally pen their “end of year” assessments of a presidential administration. But instead of “grading” the performance of the president and his team over the past year, I’d rather take a look at the environment in which his administration must operate after the New Year. And for President Barack Obama, 2010 is going to be a challenging year indeed.

Obama summons intel chiefs for Washington talks »

Obama summons intel chiefs for Washington talks

KANEOHE, Hawaii (Reuters) – President Barack Obama on Thursday summoned U.S. intelligence chiefs to a meeting next week to discuss how to prevent a repeat of the attempted bombing of a Detroit-bound airliner on December 25.

Record US aid goes on armaments »

Record US aid goes on armaments

Just before Christmas, US President Barack Obama signed into law one of his country’s biggest aid pledges of the year. It was bound not for Africa or any of the many struggling countries on the World Bank’s list.

AIG executive resigns over pay limits »

AIG executive resigns over pay limits

NEW YORK (Reuters) – A top executive at American International Group Inc has resigned because of pay curbs imposed by the Obama Administration’s pay czar, the insurer said on Wednesday.

U.S. airport security irks, but passengers cope »

U.S. airport security irks, but passengers cope

CHICAGO (Reuters) – First it was pocket knives and nail clippers. Then it was shoes. Then liquids. Now the government may want a closer look at your underwear after a botched attempt to blow up a U.S. airliner on Christmas Day.

Obama slams intelligence flaws over foiled attack »

Obama slams intelligence flaws over foiled attack

Barack Obama lashed out at systemic intelligence failures over the attempted attack on a US jet amid reports Wednesday that Washington was planning reprisal strikes against terror targets.

Pardon for tycoon »

Pardon for tycoon

South Korea announces special pardon for former Samsung group chairman Lee Kun-hee so he can work to bring 2018 Winter Olympics to the country.