Valencia, a cruel reflection of Spain's economic woes

Valencia, a cruel reflection of Spain's economic woes


Valencia, a cruel reflection of Spain's economic woes

Posted: 01 May 2012 10:58 PM PDT

VALENCIA, Spain (Reuters) - Once the beacon of Spain's new economic grandeur, the Mediterranean region of Valencia has become a symbol of all that is wrong with the country.


Japan could face "day of reckoning" if tax plans fail: Moody's

Posted: 01 May 2012 11:06 PM PDT

MANILA (Reuters) - Japan could face "the day of reckoning" sooner than expected if the government fails to raise the sales tax and investors demand higher returns on government bonds, Moody's Investors Service said on Wednesday, keeping up the pressure on Tokyo to enact tax reform bills.


VIDEO: Aung San Suu Kyi sworn in as MP

Posted: 01 May 2012 09:03 PM PDT

The Burmese opposition leader, Aung San Suu Kyi, is taking her seat in parliament on Wednesday, just over a month after her party won in by-elections.


VIDEO: Inuits protest against seal ban

Posted: 01 May 2012 10:33 PM PDT

Inuit hunters from Greenland have been protesting in the Danish capital Copenhagen over the decision by a major department store to stop selling seal products.


SIA: Sequential Growth, But YoY Collapse

Posted: 01 May 2012 10:26 PM PDT

The Semiconductor Industry Association (SIA) press release for March worldwide semiconductor revenues was published today.?? The data continues to be negative, but the SIA is putting a positive spin on it, pointing out that March was not as bad as February. In reality, year-over-year growth continues to be worse than it has been since the ...


US man guilty over subway suicide-bomb plot

Posted: 01 May 2012 10:49 PM PDT

Bosnian-born US citizen found guilty on nine counts for plotting 2009 attacks against New York's subway system.


VIDEO: Crisis pushing Greeks to countryside

Posted: 01 May 2012 10:16 PM PDT

A growing number of city dwellers in Greece are moving out to the countryside in search of way out of the economic crisis.


Suu Kyi sworn in to Myanmar's parliament

Posted: 01 May 2012 09:29 PM PDT

Myanmar pro-democracy icon Aung San Suu Kyi, center, arrives at parliament to attend a regular session of Myanmar Lower House in Naypyitaw, Myanmar, Wednesday, May 2, 2012. (AP Photo/Khin Maung Win)Opposition leader Aung San Suu Kyi was sworn in to Myanmar's military-backed parliament Wednesday, taking public office for the first time since launching her struggle against authoritarian rule nearly a quarter century ago.



Myanmar's Suu Kyi Sworn In to Office

Posted: 01 May 2012 09:26 PM PDT

Suu Kyi was sworn in to Myanmar's parliament, taking public office for the first time since launching her struggle against authoritarian rule.


At least 6 killed in blasts in Afghan capital

Posted: 01 May 2012 09:40 PM PDT

At least six people were killed in an early morning suicide attack Wednesday in the Afghan capital, hours after a surprise visit to Afghanistan by President Barack Obama, government officials said. The Taliban claimed responsibility for the attack and said it was a response to Obama's visit.


Suu Kyi is sworn in to Myanmar's parliament

Posted: 01 May 2012 09:00 PM PDT

Myanmar pro-democracy leader Aung San Suu Kyi, center, arrives at the parliament building to attend a regular session of Myanmar Lower House, in Naypyitaw, Myanmar, Wednesday, May 2, 2012. Suu Kyi was set to be sworn in to Myanmar's military-backed parliament Wednesday to take public office for the first time since launching her struggle against authoritarian rule nearly a quarter century ago. Others are unidentified. (AP Photo/Khin Maung Win)Opposition leader Aung San Suu Kyi was sworn in to Myanmar's military-backed parliament Wednesday, taking public office for the first time since launching her struggle against authoritarian rule nearly a quarter century ago.



Human rights showdown awaits Clinton in Beijing

Posted: 01 May 2012 09:06 PM PDT

FILE - In this April 24, 2012 file photo, Secretary of State Hillary Rodham Clinton speaks at the State Department in Washington. Clinton heads to Beijing, scene of a tense human rights showdown over the fate of a blind Chinese lawyer said to be under U.S. protection there after escaping from house arrest. Activists say both sides are working to come up with a deal to diffuse the crisis ahead of U.S.-China talks on a host of global issues. (AP Photo/Susan Walsh)Secretary of State Hillary Rodham Clinton arrived Wednesday in Beijing, where a tense human rights showdown awaits over the fate of a blind Chinese lawyer said to be under U.S. protection after escaping from house arrest.



Napolitano: No basis to El Salvador sex claims

Posted: 01 May 2012 08:16 PM PDT

U.S. Homeland Security Secretary Janet Napolitano says the Secret Service has found no basis to allegations its agents hired strippers and prostitutes in El Salvador last year.


"Avengers" Up to $218 Mil Before Friday US, 20 More Foreign Openings

Posted: 01 May 2012 08:45 PM PDT

Marvel?s ?The Avengers,? from Disney, hit $218 million worldwide by Sunday. That?s $218 million before its US, China, and Russia openings on Friday. I told you last week that some studios had turned to foreign release schedules preceding the American release in order to beat bad press. ?The Avengers? has pretty good reviews, actually, so ...


Lujiazui Breakfast: News And Views About China Stocks - May 2

Posted: 01 May 2012 08:04 PM PDT

Investors in China's main financial district are talking about the following before the start of trade today:?? Trade at China's stock exchanges resumes today for the first day since Friday, following a long May Day holiday. ??Trading in Hong Kong also reopens after a holiday yesterday. Shares may be bid up today as the overnight ...


Myanmar's Suu Kyi makes historic debut in parliament

Posted: 01 May 2012 10:01 PM PDT

NAYPYITAW, Myanmar (Reuters) - Pro-democracy leader Aung San Suu Kyi took her place in Myanmar's parliament on Wednesday, ushering in a historic new political era after nearly a quarter-century fight against military dictatorship.


Myanmar's Suu Kyi makes historic debut in parliament

Posted: 01 May 2012 08:46 PM PDT

Myanmar pro-democracy leader Aung San Suu Kyi signs the register as she arrives at the lower house of parliament at NaypyitawNAYPYITAW, Myanmar (Reuters) - Pro-democracy leader Aung San Suu Kyi took her place in Myanmar's parliament on Wednesday, ushering in a historic new political era after nearly a quarter-century fight against military dictatorship. The 66-year-old Nobel Peace Prize laureate waded through throngs of foreign and local reporters as she entered parliament in Naypyitaw to join a fragile new political system after 49 years of oppressive army rule. ...



Obama makes surprise trip to Afghanistan to sign key pact, mark bin Laden raid

Posted: 01 May 2012 07:41 PM PDT

KABUL — President Obama outlined his plan to end America's longest foreign war during a visit here Tuesday colored by election-year politics and economic uncertainty, declaring that "this time of war began in Afghanistan, and this is where it will end."

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China Blocks Economist's Website On Eve Of U.S. Prizegiving

Posted: 01 May 2012 07:37 PM PDT

An outspoken??Chinese economist may have fallen foul of rising China-U.S. tensions over the escape of blind lawyer Chen Guangcheng. The website of the Unirule Institute of , cofounded by Mao Yushi, has been blocked (via VPN or otherwise). Mao, aged 83, is due to travel this week to to receive an award from the Cato ...


VIDEO: May Day rallies around the world

Posted: 01 May 2012 07:36 PM PDT

Hundreds of thousands of people have taken part in rallies around the world to mark May Day.