Three bombs exploded at separate sites as 35,000 Shiites marched through the streets of Lahore in their traditional mourning procession for the caliph Ali, one of Shiite Islam’s most respected holy men. After the blasts, the marchers erupted in fury, reportedly setting fire to a police station.
The move begins what is portrayed as the final phase of American military involvement in the country. It comes a day after President Obama announced the shift from combat operations to preparing Iraqi forces to assume responsibility for their own security.
AP – Research firm Gartner Inc. on Tuesday lowered its forecast for global shipments of personal computers in the second half of the year, saying the change stems from economic uncertainty in the U.S. and Western Europe.
See the original post here:
Gartner cuts 2nd-half PC shipment growth outlook
(AP)
AP – Hyundai Motor America says the automaker will shift manufacturing of its Santa Fe SUV beginning this fall from its plant in Alabama to one in Georgia run by Kia Motor Manufacturing.
Read the original here:
Hyundai shifting production of SUV to Kia plant
(AP)
The Category 4 storm battered tiny islands across the northeastern Caribbean with heavy rain and roof-ripping winds and is on a path projected to menace the United States. Earl is expected to gain more strength before potentially brushing the U.S. East Coast this week and bringing deadly rip currents.
AP – The Swiss government said Wednesday it has handed roughly half the names of wealthy Americans demanded by Washington to solve a tax evasion dispute involving Switzerland’s biggest bank, UBS AG.
Read the rest here:
Swiss halfway done giving UBS account info to US
(AP)
Reuters – New York’s Oneida Indian Nation moved a cigarette-manufacturing plant to their upstate reservation to shield smokers from steep taxes that Governor David Paterson has vowed to impose.
View post:
NY Oneidas move cigarette plant to avoid taxes
(Reuters)
BusinessWeek – Is the American system of taxation nearing a watershed moment? It doesn’t seem like it, considering the political brawl in Washington over the soon-to-be-expired 2001 and 2003 tax cuts passed during the Bush era. Lawmakers have known for the past several years that, if they did nothing, the tax breaks would automatically end on Dec. 31, 2010. Now, Washington is scrambling as the deadline looms and the economy sputters.
Read more:
Tax Reform: These Small Steps Could Help Deficit, Economy
(BusinessWeek)
The floods that began in the northwest part of Pakistan keep pushing south, and have reached the southern-most province of Sindh. As water rushed by, the city of Sukkur in central Pakistan was spared as a series of canals diverted the floodwaters to the surrounding countryside. It’s a small victory for a country where millions have been displaced.
The country took a hard line when it declared independence, refusing to grant citizenship to ethnic Russian families who were not in the country before Soviet times. Now, the government has intensified its efforts to push the Russian language out of public schools.
Recent Comments