VIDEO: US to cut Afghan combat role in 2013

VIDEO: US to cut Afghan combat role in 2013


VIDEO: US to cut Afghan combat role in 2013

Posted: 01 Feb 2012 09:28 PM PST

The US Defence Secretary, Leon Panetta, says he hopes American troops in Afghanistan can end their combat role by as early as the middle of 2013, 18 months before the Nato mission in the country is due to end.


VIDEO: 79 dead in Egypt football clashes

Posted: 01 Feb 2012 09:51 PM PST

At least 79 people have been killed in clashes between rival football fans in the Egyptian city of Port Said.


VIDEO: Europe's cold spell to last for days

Posted: 01 Feb 2012 09:37 PM PST

A cold snap that has killed dozens of people in central, eastern and southern Europe in the past few days is spreading to other parts of the continent and is likely to last for days.


Kuwait opposition seeks gains in parliament vote (AP)

Posted: 01 Feb 2012 09:19 PM PST

In this  Sunday, January 29, 2012 photo Kuwaiti candidate Mishari Al Azemi gives a speech at his campaign headquarters in Feiha, Kuwait. Almost 300 liberal, Islamist and independent hopefuls are running in Thursday's snap elections called after parliament was dissolved for the fourth time in less than six years. (AP Photo/Gustavo Ferrari)AP - Voting in under way in Kuwait in parliamentary elections that include an array of opposition groups seeking to further boost their political voice in the oil-rich Gulf nation.



China publishes full list of IPO applicants for 1st time (Reuters)

Posted: 01 Feb 2012 09:28 PM PST

Reuters - China's securities regulator has for the first time published a full list of Chinese companies that have applied for an initial public offering on the Shanghai or Shenzhen markets, in a move aimed at boosting transparency of the system.


American Airlines plans to slash 13,000 jobs

Posted: 01 Feb 2012 09:51 PM PST

US carrier is latest to go through bankruptcy proceedings, plagued by low revenues and high fuel costs.


Black Stars reach last eight

Posted: 01 Feb 2012 12:49 PM PST

Ghana seal their place in the Africa Cup of Nations knockout stages with 1-1 draw against 10-man Guinea.


IAEA, Iran to meet again after "good" talks

Posted: 01 Feb 2012 09:54 PM PST

VIENNA (Reuters) - Senior U.N. nuclear inspectors plan another trip to Iran later this month after holding what both sides described as good talks on the Islamic state's disputed atomic program.


5 Steps For Launching a Startup From a Small Town

Posted: 01 Feb 2012 09:15 PM PST

Entrepreneurs aren't solely bred in the Silicon Valley and don't need to hustle on Wall Street to grab investors' attention.


The Credit We Love to Hate: The Earned Income Tax Credit (EITC)

Posted: 01 Feb 2012 08:50 PM PST

? If you follow the blog regularly, you?ll know that I?m not a fan of the Earned Income Tax Credit (EITC). So maybe it wasn?t so much of a surprise to anyone that I managed to miss Earned Income Tax Credit Awareness Day at IRS. Yes, there is one. And yes, it was last week ...


Asian stocks extend global rally on economy hopes (AP)

Posted: 01 Feb 2012 09:22 PM PST

A trader wears a New York Giants jersey on the floor of the New York Stock Exchange, February 1, 2012. REUTERS/Brendan McDermid (UNITED STATES - Tags: BUSINESS SPORT FOOTBALL)AP - Asian stocks extended a global rally Thursday amid investor optimism that the U.S. economy may grow more than previously expected this year.



Kuwait opposition seen making gains in snap election

Posted: 01 Feb 2012 08:48 PM PST

KUWAIT (Reuters) - Kuwaitis head to the polls Thursday for the fourth time in six years in a snap parliamentary election in which opposition candidates expect to expand their influence and push for change in the oil-exporting Gulf Arab state.


U.S. plans to halt Afghan combat role in 2013 (Reuters)

Posted: 01 Feb 2012 08:12 PM PST

In this Wednesday, Feb. 1, 2012 photo, Illegal immigrants wait outside a police station in Seremban, Malaysia after being rescued from a boat capsized off Malaysia's southern coast. The boat carrying a group of men from Pakistan, Afghanistan and Iraq, sank in choppy waters early Wednesday. Eight illegal immigrants have drowned and eighteen others have been rescued. (AP Photo) MALAYSIA OUT, NO SALES, NO ARCHIVEReuters - The United States intends to end combat operations in Afghanistan before the end of 2013, U.S. Defense Secretary Leon Panetta said on Wednesday, laying down a new marker for winding down America's longest war.



There's No Way Facebook Is Worth $75 Billion- More Like $34.5 Billion

Posted: 01 Feb 2012 07:56 PM PST

Here's why! Facebook had $3.7 billion in revenues-- which means that at a market cap of $75 billion it would be selling at 20 times revenues. But, high growth internet companies are selling at an average of 6.8 times 2012 market capitalization. So, Facebook would have to be valued in the market at TRIPLE the value of the other high growth internet companies. Impossible, since we are talking about Apple, Google and Amazon.


Panetta: U.S., NATO will seek to end Afghan combat mission next year

Posted: 01 Feb 2012 06:58 PM PST

BRUSSELS — The United States hopes to end its combat mission in Afghanistan by the middle of next year, more than a year earlier than scheduled, Defense Secretary Leon E. Panetta said Wednesday.

His remarks reflected a growing sentiment within the Obama administration that its approach to Iraq, where the official end of U.S. combat operations came 16 months before the final U.S. troop withdrawal in December, may provide a useful model for winding down operations in Afghanistan.

Read full article >>


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Posted: 01 Feb 2012 06:58 PM PST


AUDIO: "There are people floating in life jackets"

Posted: 01 Feb 2012 07:50 PM PST

A ferry has sunk off the eastern coast of Papua New Guinea with around 300 people on board.


Kurds Seize on Iraqi Crisis to Advance Bid for Oil, Land

Posted: 01 Feb 2012 08:12 PM PST

Iraq's Kurds are using a contract with Exxon Mobil and a national political crisis to strengthen their region's control of resource-rich patches of disputed land.


AUDIO: Ferry sinks off Papua New Guinea coast

Posted: 01 Feb 2012 07:50 PM PST

A ferry has sunk off the eastern coast of Papua New Guinea with around 300 people on board.


Vietnam reports 2nd bird flu death in a month (AP)

Posted: 01 Feb 2012 07:50 PM PST

AP - A Vietnamese official on Thursday confirmed the country's second human death from bird flu in less than a month, after it went nearly two years with no reported fatalities.