Politics
Assad may stay? UN gives in to Russia
The draft resolution on Syria under discussion at the UN Security Council is reportedly being softened to take into account Russian concerns. It's likely to have references to President Assad stepping down, and an arms embargo removed from the text. RT's Marina Portnaya reports from New York.
RT also talks to Michel Chossudovsky, Director at the Center for Research on Globalization.Submitted by admin on Fri, 02/03/2012 - 4:47am
Sanctions dodge: India to pay gold for Iran oil, China may follow
India has reportedly agreed to pay Tehran in gold for the oil it buys, in a move aimed at protecting Delhi from US-sanctions targeting countries who trade with Iran. China, another buyer of Iranian oil, may follow Delhi’s lead.
The report, by the Israeli-based news website DEBKAfile, states that Iran and India are negotiating backup alternatives with China and Russia, should the US and EU find a way to block the gold payment mechanism.
Submitted by admin on Wed, 01/25/2012 - 6:09amRussia vows to block Western intervention in Syria
BEIRUT (AP) – Syria's powerful allies in Russia vowed Wednesday to block any Western attempts to intervene militarily in Syria as Damascus fights off an increasingly chaotic 10-month-old revolt against President Bashar Assad.
The support came as Assad was showing fresh confidence that he can ride out the uprising with the help of a small — but influential — set of friends in Russia, China and Iran.
Submitted by admin on Fri, 01/20/2012 - 12:45amTreasury dips into pension funds to avoid debt
(Reuters) - The Treasury on Tuesday started dipping into federal pension funds in order to give the Obama administration more credit to pay government bills.
"I will be unable to invest fully" the federal employees retirement system fund beginning Tuesday, Treasury Secretary Timothy Geithner said in a letter to Democratic and Republican leaders in Congress.
The House of Representatives is expected to vote on Wednesday on the Obama administration's request to raise the country's legal debt limit to $16.394 trillion.
Link:Read more via Reuters...Submitted by admin on Thu, 01/19/2012 - 2:43pmChristie Calls for 10% Income-Tax Cut for N.J.
New Jersey Governor Chris Christie proposed reducing income-tax rates for every state resident by 10 percent to provide relief from the “burden that has strangled our families and forced many to move away.”
“Today, because we have put our fiscal house in order, we can budget for our priorities and give tax relief to all of our people,” Christie, a first-term Republican, said during his State of the State speech. “Tax relief that will lead to better lives for our citizens and more jobs for our state.”
Submitted by admin on Thu, 01/19/2012 - 2:39pm
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