WORLD

Spiraling debt points to dollar free fall; 'there won’t be anyone to bail out US'

Experts warn that the worsening of the debt crisis means dramatic hike in interest rates, a free fall of the dollar and higher inflation. The negative impact of this scenario will be felt across the world, bedeviling economic recovery everywhere. Critics say the Federal Reserve mandarins are engaging in the outright destruction of the dollar.

Cat fight in Bin Laden's harem: 'Youngest wife tipped him off to US'

Some wives of Osama Bin Laden think his youngest wife, Amal al-Sadah from Yemen, may have tipped off the terror mastermind to the Americans. This is apparently the latest juicy detail to have escaped closed door questioning of Bin Laden's captured family by Pakistani interrogators.
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NHTSA to make automotive black box mandatory

The National Highway Traffic Safety Administration will make it mandatory for all the vehicles to have a event recorder or black boxes, later this year, according to Wired Autopia.

Egypt opens Rafah border with Gaza from May 28

Egypt will open its Rafah border with Gaza starting from Saturday “on a daily basis” to ease the entry restrictions for Palestinians, the state MENA news agency reported on Wednesday.

Obama endorses NASA hacker Gary McKinnon's extradition process

Gary McKinnon, a 43-year-old British computer hacker suffering from Asperger’s syndrome, who has been caught in an extradition battle between the U.S. and the UK over the last decade, suffered a setback on Wednesday when President Barack Obama said the case was now in the hands of the British legal system.

Republican Defectors help shoot down Ryan's Budget

Senate Democrats intensified pressure on the controversial budget plan submitted by Rep. Paul Ryan (R-WI) today, forcing a floor vote that saw moderate Republicans join Democrats in rejecting the measure.

What happens to Jared Loughner next?

A federal judge's declaration Wednesday that Jared Loughner is unfit for trial will likely send the accused Arizona shooter into a treatment program aimed at rehabilitating him so he can be tried.
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US to tighten sanctions on Iran

US senators proposed further tightening sanctions on Iran reflecting fears that companies overseas, particularly in China, are evading U.S. penalties imposed last year for doing business with Iran, Reuters reported on Wednesday.
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India urges for joint IMF candidate from BRICs

India is talking with other emerging nations to build support for a common candidate for a developing economy to be the next head of the International Monetary Fund, with Mexico's Central bank chief being a possibility, said two government sources, reported Reuters.
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Pakistan asks US to cut down military mission

The Pakistan government has asked United States to cut down the number of military trainers that the US has stationed in Pakistan, the Pentagon said on Wednesday, reported Reuters.

Clinton Headed To Pakistan For Talks

US Secretary of State Hillary Clinton will likely visit Pakistan soon to discuss ways that both countries can cooperate again in the war against terrorism, according to reports.

Bill Clinton Has Advice for Democrats on Medicare

Following the Tuesday special election win of a Democrat over a Republican for a vacant House seat in upstate New York - a seat, typically held by Republicans - former President Bill Clinton had some steady advice for his fellow Democrats: Don't get too carried away.

Jared Loughner Unfit For Trial, Judge Decides

A federal judge decided that Jared Loughner, accused of killing six when he opening fire on a public appearance of Rep. Gabrielle Giffords, D-AZ in Tucson, is not competent to stand trial.

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