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Wars and Military Conflicts

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  • North Korea's Artillery Attack on the South Monday, 29 Nov 2010 | 7:04 PM ET
    Firefighters from the Incheon Fire and Safety Management Department inspecting the damage caused by the artillery shells fired by North Korea on November 24 in Yeonpyeong Island, South Korea.

    North Korea fired artillery shells at a South Korean island, killing two soldiers and two civilians, in one of the heaviest attacks on its neighbor since the Korean War ended in 1953.

  • Ex-House Leader DeLay Convicted of Money Laundering Thursday, 25 Nov 2010 | 9:00 AM ET
    Gavel

    Tom DeLay, one of the most powerful and divisive Republican lawmakers ever to come out of Texas, was convicted Wednesday of money-laundering charges in a state trial, five years after his indictment here forced him to resign as majority leader in the House of Representatives, the New York Times reports.

  • Deficit Commission to Cut Marines' Landing Craft Wednesday, 24 Nov 2010 | 8:46 AM ET
    US Capitol Building

    The United States Marine Corps want to spend billions of dollars on a new amphibious landing craft, budget cutters in Washington say that’s simply too much money for a vehicle that Marines may never ride into battle.

  • Yoshikami: North Korea Attacks—Calculating Your Risks Tuesday, 23 Nov 2010 | 10:41 AM ET
    Smoke rises from South Korea's Yeonpyeong island near the border against North Korea. Dozens of artillery shells fired by North Korea hit the South Korean Island of Yeonpyeong reportedly causing injuries and prompting return fire from South Korean forces.

    The news from Korea today highlights that emerging markets do have risks that one needs to be aware of including tensions between neighbor countries, political instability, and currency challenges. The road to higher returns is paved with higher risk to be sure. Higher returns comes with higher volatility.

  • In Defense of Airport Security Wednesday, 17 Nov 2010 | 10:53 AM ET
    A TSA officer demonstrates what the images form the Advanced Imaging Technology unit look like.

    New scanners allow TSA officers to basically see you naked, and there are concerns about radiation. Critics allege this is the worst kind of funny business.

  • Government Employees Owe Billions in Delinquent Taxes Tuesday, 16 Nov 2010 | 10:45 AM ET
    Uncle Sam taking money out of your wallet

    Deficit cutters struggling to make ends meet in Washington are eyeballing an unusual pot of potential revenue: back taxes owed to the government by federal employees themselves.

  • On This Veteran's Day—Saying Thank You Thursday, 11 Nov 2010 | 12:35 PM ET

    This Veteran's Day, one company started by a "serial entrepreneur" provides a uniquely modern way to say "thank you". Products for Good sells "liberated Iraqi coins" which people buy for veterans in their lives.

  • SBA Helps Veteran-Owned Businesses Thursday, 11 Nov 2010 | 12:17 PM ET
    Justin and Gen. Patraeus

    According to the SBA, one in seven veterans are self-employed or small business owners and about one quarter of veterans say they are interested in starting and buying their own businesses. The percentage is even higher among women veterans, noted the SBA.

  • In his first one-on-one television interview since leaving the White House, former President George W. Bush talked about regrets, accomplishments and his legacy with NBC's Matt Lauer.

  • Vote Over California Marijuana Goes Down to the Wire Sunday, 31 Oct 2010 | 10:07 AM ET

    It is the home stretch in the battle over Proposition 19, the ballot initiative that would legalize and regulate marijuana in California, and at “Yes” headquarters in downtown Oakland last week, young volunteers were hustling for votes.

  • Business Waits as Dems, GOP Battle For Congress Sunday, 31 Oct 2010 | 9:25 AM ET

    The outcome of five contests considered tossups will help determine if Democrats retain control of the Senate, according to the latest analysis of races by The New York Times, with Republicans trying to capture Democratic-held seats in Colorado, Illinois, Nevada, Pennsylvania and Washington.

  • Obama Walks Fine Political Line on Terror Threat Saturday, 30 Oct 2010 | 7:11 PM ET

    Trying to manage a terrorism threat in the middle of an election campaign, the Obama administration is walking a political and national security tightrope, says the New York Times. 

  • Jon Stewart/Stephen Colbert Rally Draws Huge Crowds Saturday, 30 Oct 2010 | 4:26 PM ET

    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.

  • Bernanke’s Reluctance to Speak Out Rankles Some Friday, 29 Oct 2010 | 4:56 AM ET
    Federal Reserve Bank Chairman Ben Bernanke

    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.

  • In Tax Cut Plan, Debate Over the Definition of Rich Thursday, 30 Sep 2010 | 10:25 AM ET

    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.

  • Ideology, Not Economics, May Be At Core of Tax Policy Monday, 27 Sep 2010 | 10:53 AM ET
    Taxes

    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.

  • 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.

  • Marines Storm Pirate-Held Ship, Seize Prisoners Thursday, 9 Sep 2010 | 12:41 PM ET
    Marines aboard the U.S. Navy amphibious transport dock ship  (left) conducted a raid on the  after it was attacked and boarded by pirates September 9, 2010 in the Gulf of Aden.

    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.

  • Pops & Drops: Comtech, Navistar... Wednesday, 8 Sep 2010 | 5:57 PM ET

    Herein are Wednesday's biggest winners and losers. Find out why shares of Comtech popped while Navistar dropped.

  • Goodbye Iraq: Last US Combat Brigade Heads Home Wednesday, 18 Aug 2010 | 8:08 PM ET
    US Army Blackhawk helicopters sit on the tarmac with US Air Force C5A transport jets in the background at Baghdad International Airport.

    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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