Wars and Military Conflicts
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Firas Maksad, Managing Director of Global Policy Advisors, gives his assessment of the Middle East situation two and a half years since the Arab Spring.
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It is perhaps a measure of the volatility of American politics that a television comedy show was able to tap something deep among American voters, who turned out in the tens of thousands on Saturday to add their voices to a national political debate that some said had left them behind.
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The Federal Reserve is all but certain next week to begin a multibillion-dollar effort to coax the recovery along, but privately, Ben S. Bernanke, the chairman, worries that more is needed to turn the sluggish economy around and revive employment, reports the New York Times.
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As the political battle heats up, however, it has also veered into a more basic matter of fairness, whether a person who earns more than $200,000 a year should be taxed at rates similar to those who make $5 million, reports The New York Times.
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For all of the political noise about tax policy, cuts, it is hard to make a convincing case that either cuts or hikes make much of a difference in economic growth or job creation. "I really don't think you can," says one economist.
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The financial debate in Washington this fall will likely be consumed by whether, and how, to extend the Bush tax cuts. But economic research suggests that tax cuts, though difficult for politicians to resist, have limited ability to bolster the flagging economy. The NYT reports.
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U.S. Marine commandos stormed a pirate-held cargo vessel off the Somalia coast Thursday, reclaiming control of the ship and taking nine prisoners without firing a shot, the U.S. Navy said.
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Herein are Wednesday's biggest winners and losers. Find out why shares of Comtech popped while Navistar dropped.
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The U.S. 4th Stryker Brigade, 2nd Infantry Division—the last withdrawing unit of U.S. combat troops in Iraq—is crossing the border into Kuwait early Thursday, local time, NBC reported.
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A fresh law, buried in the Wall Street reforms passed last month, will force many manufacturers to identify any "conflict minerals" that can be traced back to the Democratic Republic of the Congo or adjoining countries. The FT reports.
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Electronic Arts is counting heavily on its Medal of Honor franchise to help boost revenue in the holiday quarter, but as the title gets closer to launch, it’s finding itself in the crosshairs of game industry critics.
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President Obama delivered a strong defense on Friday night of a proposed Muslim community center and mosque near ground zero in Manhattan. The NY T reports.
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With pressure mounting on the federal government to find new revenues, legislators are considering legalizing, and taxing, an activity it banned just four years ago, reports the New York Times.
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The government is accusing the founder of a body armor manufacturer of misappropriating more than millions of dollars. The NYT reports.
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Military documents reflect deep suspicions among U.S. officials that Pakistan’s spy service has for years guided the Afghan insurgency with a hidden hand. The NYT reports.
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Counterfeiters have created an international, multi-billion-dollar industry by making cheap imitations of designer goods and selling them for a fraction of the price.
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New York lawmakers plan to enact a tax change that will treat much of the compensation earned by the fund managers who work in New York but live outside the state as ordinary income.
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Controversial private security firm Xe Services, formerly known as Blackwater Worldwide, is gearing up for a new mission in Afghanistan and new ownership.
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In a magazine article, Gen. Stanley A. McChrystal, the top commander in Afghanistan, was portrayed as openly contemptuous of some senior members of the Obama administration, reports The New York Times.
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Bankers have all but given up on defeating one of the most contentious provisions in the financial regulation bill and are now focusing on battles like heading off a prohibition on derivatives trading, the New York Times reports.
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One of the political mysteries of the last year is why the White House and Congress have not been even more aggressive about trying to put people back to work. The NYT explains.