Hungary's debt downgraded to 'junk' status

Hungary's debt downgraded to 'junk' status

Hungary's debt downgraded to 'junk' status

Posted: 06 Jan 2012 11:21 PM PST

Fitch becomes third ratings agency to lower credit status, citing "further unorthodox economic policies" by government.


Shades of NKorea's founder in its young new leader (AP)

Posted: 06 Jan 2012 11:20 PM PST

FILE - In this file photo taken Friday, Dec. 30, 2011, one of the magazines at a newspaper stand highlights North Korea's new leader Kim Jong Un on its front cover as a customer flips magazines in Beijing, China. (AP Photo/Andy Wong, File)AP - The resemblance is striking: the full cheeks and quick smile, the confident gait, the habit of gesturing with both hands when he speaks.

Palestinian Sesame Street ails without US funds (AP)

Posted: 06 Jan 2012 11:22 PM PST

AP - It's quiet time on Palestinian Sesame Street.


CES Road Trip: Almost Perfect iPhone GPS Solution

Posted: 06 Jan 2012 10:05 PM PST

I'm writing this post from the restaurant at Casa de Fruta -which is exactly 59 miles from my home in Silicon Valley and 478 miles from my destination - the 2012 Consumer Electronics Show in . I usually fly to CES but this time I'm driving my 2010 Prius. At $3.50 a gallon, I'm estimating ...


Could Romney Use His Own Return to Call Obama's Bluff on Carried Interest ?

Posted: 06 Jan 2012 10:19 PM PST

Mitt Romney?s refusal to release his tax return has brought the ?carried interest? controversy back into the news.?? The speculation is that since Mr. Romney is a retired??partner in a venture firm, that much of his income will be capital gains giving him an effective tax rate as low as ?s.??????Steve Benen of Monthly, citing ...


Jamaica 'to cut ties with British monarchy'

Posted: 06 Jan 2012 10:48 PM PST

New prime minister says country will establish itself as a republic and break ties with former colonial power.


Waiting for the Sentence: van der Sloot's Slow Road to Justice (Time.com)

Posted: 06 Jan 2012 09:05 PM PST

Time.com - The main suspect in the Natalee Holloway case is about to find out his fate in the death of a young Peruvian woman


Why Hungary's New Constitution Could Be Bad for Europe (Time.com)

Posted: 06 Jan 2012 09:05 PM PST

Time.com - Sparking protests and bringing together bickering opposition parties, Hungary's new constitution also threatens the country's economy and its place in the European Union


Japan to shut nuke reactors after 40 years of use (AP)

Posted: 06 Jan 2012 09:54 PM PST

AP - Japan says it will soon require atomic reactors to be shut down after 40 years of use to improve safety following the nuclear crisis set off by last year's tsunami.


Claim and Counterclaim: Who Is Bombing Damascus? (Time.com)

Posted: 06 Jan 2012 09:05 PM PST

Time.com - The regime says terrorists are behind the attacks (and by extension the protests); the opposition claims the incidents are staged by the government


VIDEO: UN launches operation in South Sudan

Posted: 06 Jan 2012 08:49 PM PST

The UN says it is launching a massive humanitarian operation for around 50,000 people caught up in violence between rival tribes in South Sudan.


Balloon Crash Kills 11 in New Zealand

Posted: 06 Jan 2012 08:35 PM PST

A hot air balloon carrying 11 people caught fire after hitting power lines near a rural New Zealand town. All aboard were killed in the deadliest air crash in New Zealand in nearly 50 years.


VIDEO: UN launches operation in South Sudan

Posted: 06 Jan 2012 08:49 PM PST

The UN says it is launching a massive humanitarian operation for around 50,000 people caught up in violence between rival tribes in South Sudan.


China's new European trade hub: An Irish town of 18,000 (The Christian Science Monitor)

Posted: 06 Jan 2012 09:32 AM PST

The Christian Science Monitor - As China's government readies to buy up European infrastructure, a trade hub slated for the Irish midlands could prove a showcase for the world's second-largest economy in a struggling continent and provide much needed jobs in debt-addled Ireland.


What the execution of 15 kidnapped Pakistani soldiers means (The Christian Science Monitor)

Posted: 06 Jan 2012 08:21 AM PST

The Christian Science Monitor - Islamist militants killed 15 captive soldiers Thursday in an attack, dealing a blow for tentative peace talks between the government and the Pakistani Taliban.


It Doesn't Matter if the Next Big Thing is at CES 2012

Posted: 06 Jan 2012 08:10 PM PST

While some of the murmurings leading up to next weeks Consumer Electronics Show are good, for the most part tech journalists and techno-seers are warning that CES is in decline. Will the conference debut any big hits this year or will it crash and burn in its own fiery hype? Maybe hype is part of ...


Bombing in Syrian capital of Damascus kills 25 (AP)

Posted: 06 Jan 2012 07:29 PM PST

Syrian investigators, right, inspect next to a damaged car at the scene of a bomb in Midan neighborhood of Damascus, Syria, on Friday Jan. 6, 2012. An explosion ripped through a police bus in the center of Syria's capital Friday, killing many in an attack authorities blamed on a suicide bomber, an official and state-run TV said. (AP Photo/Muzaffar Salman)AP - A bomb exploded Friday at a busy Damascus intersection, killing 25 people and wounding dozens in the second major attack in the Syrian capital in as many weeks, officials said, vowing to respond to further security threats with an "iron fist."

Asian economies look to keep Iranian oil flowing (AP)

Posted: 06 Jan 2012 07:45 PM PST

FILE - In this Wednesday, Sept. 27, 2000 file photo, an Iranian oil worker repairs a pipe at an oil refinery in Tehran, Iran. The latest U.S. sanctions to be imposed on Iran have not only unveiled the depth of the country's economic woes, but exposed new fault lines within the government just two months before parliamentary elections that should bolster the control of the ruling clerics. (AP Photo/Vahid Salemi, File)AP - China, the biggest buyer of Iran's oil, has publicly rejected U.S. sanctions aimed at Tehran's energy industry while American allies Japan and South Korea are scrambling to find a compromise to keep critical supplies flowing.

VIDEO: US Navy rescues Iranian fishermen

Posted: 06 Jan 2012 06:40 PM PST

The US Navy has rescued 13 Iranian fishermen being held by pirates in the Arabian Sea, the Pentagon says.


VIDEO: UN makes amnesty plea to Yemen

Posted: 06 Jan 2012 06:33 PM PST

The UN's human rights chief, Navi Pillay, has warned Yemen not to grant amnesty to those who have committed war crimes, as part of a deal for President Saleh to step down.


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US navy frees Iranians held by pirates

US navy frees Iranians held by pirates

US navy frees Iranians held by pirates

Posted: 06 Jan 2012 01:42 PM PST

Rescue of 13 sailors held hostage by Somali pirates in Arabian Sea comes amid rising tension between Iran and US.


Hague welcomes end of 'long darkness' in Burma

Posted: 06 Jan 2012 11:51 AM PST

UK's Hague hails end of 'long darkness' in Burma


Fraudster donor held in Caribbean

Posted: 06 Jan 2012 01:37 PM PST

Convicted fraudster and Lib Dem donor Michael Brown has been arrested in the Dominican Republic after going on the run, police say.


Qatar's next big purchase: a farming sector

Posted: 06 Jan 2012 12:55 PM PST

DUBAI (Reuters) - Qatar's energy resources have given it one of the world's highest per capita incomes, a futuristic urban skyline and enough clout to host the 2022 soccer World Cup. But its wealth may not be enough for the arid state to achieve an even more ambitious goal: becoming largely self-sufficient in food.

Eleven dead in NZ balloon crash

Posted: 06 Jan 2012 01:47 PM PST

Eleven people have died in a hot air balloon crash near the town of Carterton in New Zealand, local officials say.


Iran group say U.S. responsible for members in Iraq

Posted: 06 Jan 2012 12:33 PM PST

PARIS (Reuters) - The leader of an Iranian dissident group in Iraq said Friday the United States would be responsible for any harm that came to 3,000 of its members who could be forcefully moved to a camp outside Baghdad that they describe as a prison.

On the Trail of an Intercontinental Killer

Posted: 06 Jan 2012 01:57 PM PST

How a gruesome discovery in Brooklyn led to an international hunt for a suspected serial killer.

Eleven dead in NZ balloon crash

Posted: 06 Jan 2012 01:47 PM PST

Eleven people have died in a hot air balloon crash near the town of Carterton in New Zealand, local officials say.


Colombia deportee returning to US

Posted: 06 Jan 2012 12:22 PM PST

A 15-year-old runaway mistakenly deported to Colombia without any proof of residence is returning home to Texas, US media and Colombian officials say.


Analysis: Food price pressures weigh heavy on southern Africa

Posted: 06 Jan 2012 12:16 PM PST

JOHANNESBURG/LUSAKA (Reuters) - A tight grain supply outlook after several bumper harvests is set to fan food price pressures in southern Africa, fuelling salary demands and threatening to knock the region's fragile economies out of kilter.

Latest Egypt vote brings Islamists closer to win

Posted: 06 Jan 2012 11:55 AM PST

CAIRO (Reuters) - The Muslim Brotherhood won more than a third of the votes in the last stage of elections for Egypt's lower house of parliament, according to partial results on Friday, showing the Islamists are set to dominate the legislature.

US Redefines Rape; Adds Men, Others as Victims

Posted: 06 Jan 2012 01:15 PM PST

The Obama administration on Friday expanded the FBI's more than eight-decade-old definition of rape to count men as victims for the first time and to drop the requirement that victims must have physically resisted their attackers.

Italy PM urges European unity to tackle debt

Posted: 06 Jan 2012 01:07 PM PST

Monti says European institutions must build up sufficient means to dispel doubts among single currency's solidity.


WBA chief calls for Khan rematch

Posted: 06 Jan 2012 11:31 AM PST

World Boxing Association president Gilberto Mendoza calls for a rematch of the bout between Amir Khan and Lamont Peterson.


Jamaica 'to break links with UK'

Posted: 06 Jan 2012 11:34 AM PST

Jamaican PM Portia Simpson Miller says the time has come to abandon Queen Elizabeth as head of state and become a republic.


Opinion: The True Story of Japan’s Economic Success

Posted: 06 Jan 2012 12:23 PM PST

Instead of feeling sorry for Japan, the United States should look to it as a model for economic recovery.

Live - Friday Football

Posted: 06 Jan 2012 11:13 AM PST

Andy Carroll is on the scoresheet as Liverpool begin the FA Cup third round weekend witha 5-1 win at home to League One side Oldham.


Tibetan self-immolations reported in China

Posted: 06 Jan 2012 01:36 PM PST

Two people set themselves on fire in protest against religious repression in southwestern city, activist group says.


Tibetan self-immolations reported in China

Posted: 06 Jan 2012 01:36 PM PST

Two people set themselves on fire in protest against religious repression in southwestern city, activist group says.


VIDEO: South Africa's ANC marks 100 years

Posted: 06 Jan 2012 10:50 AM PST

As South Africa's governing African National Congress marks its centenary, the party that was led for years from prison or exile faces an entirely different struggle.


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