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Greece should give up budget control: Germany

http://pix04.revsci.net/H07707/b3/0/3/0806180/185694769.js?D=DM_LOC%3Dhttp%253A%252F%252Fwww.themuslimtimes.org%252Fwp-admin%252Fpost-new.php%26DM_CAT%3DNYTimesglobal%2520%253E%2520General%26DM_EOM%3D1&C=H07707%2CH07707TAXES and regulation will occupy center stage in the presidential contest.        One debate, for example, will focus on whether tax cuts for the wealthiest families should expire as scheduled at year-end — an issue that could gain traction now that Mitt Romney, the possible Republican nominee, has disclosed that he […]

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Close Ties to Goldman Enrich Romney’s Public and Private Lives

http://pix04.revsci.net/H07707/b3/0/3/0806180/408942806.js?D=DM_LOC%3Dhttp%253A%252F%252Fwww.themuslimtimes.org%252Fwp-admin%252Fpost-new.php%26DM_CAT%3DNYTimesglobal%2520%253E%2520General%26DM_EOM%3D1&C=H07707When Bain Capital sought to raise money in 1989 for a fast-growing office-supply company named Staples, Mitt Romney, Bain’s founder, called upon a trusted business partner: Goldman Sachs, whose bankers led the company’s initial public offering. When Mr. Romney became governor of Massachusetts, his blind trust gave Goldman much of […]

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NYPD takes heat for a documentary

The New York Police Department is facing intense scrutiny following revelations Monday that afilm about the threat of radical Islam was screened to nearly 1,500 officers during training. Critics of the 2008 documentary “The Third Jihad” have denounced it as “anti-Islam“ and ”hate-filled.” The Council on American-Islamic Relations called it […]

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Average Is Over

Courtesy: NY Times January 24, 2012   Average Is Over By THOMAS L. FRIEDMAN In an essay, entitled “Making It in America,” in the latest issue of The Atlantic, the author Adam Davidson relates a joke from cotton country about just how much a modern textile mill has been automated: […]

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Rates to Stay Near Zero Through Late 2014, Fed Says

http://pix04.revsci.net/H07707/b3/0/3/0806180/739762235.js?D=DM_LOC%3Dhttp%253A%252F%252Fwww.themuslimtimes.org%252Fwp-admin%252Fpost-new.php%26DM_CAT%3DNYTimesglobal%2520%253E%2520General%26DM_EOM%3D1&C=H07707WASHINGTON – The Federal Reserve said Wednesday that it intends to hold short-term interest rates near zero “at least through late 2014,” extending its most basic and longest-running response to the financial crisis by at least another 18 months. The decision means that the Fed does not expect the economy […]

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Political Push Moves a Deal on Mortgages Inches Closer

http://pix04.revsci.net/H07707/b3/0/3/0806180/900231252.js?D=DM_LOC%3Dhttp%253A%252F%252Fwww.themuslimtimes.org%252Fwp-admin%252Fpost-new.php%26DM_CAT%3DNYTimesglobal%2520%253E%2520General%26DM_EOM%3D1&C=H07707About one million homeowners facing foreclosure could have their mortgage burden cut by about $20,000 each as part of a long-awaited deal taking shape among state attorneys general, federal officials and the nation’s largest mortgage servicers. But a final agreement remained out of reach Monday despite political pressure from the […]

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More weaponry will not help the Arabs

January 24, 2012 02:20 AM By Raja Kamal The Daily Star, Lebanon The Obama administration recently concluded a deal to sell $30 billion in sophisticated weapons to Saudi Arabia, including 84 F-15 fighter jets. Not to be left behind, British Prime Minister David Cameron made his first visit to Saudi […]

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Europe Steps Up Pressure on Greece

http://pix04.revsci.net/H07707/b3/0/3/0806180/312082053.js?D=DM_LOC%3Dhttp%253A%252F%252Fwww.themuslimtimes.org%252Fwp-admin%252Fpost-new.php%26DM_CAT%3DNYTimesglobal%2520%253E%2520General%26DM_EOM%3D1&C=H07707%2CH07707http://pix04.revsci.net/H07707/b3/0/3/0806180/46547232.js?D=DM_LOC%3Dhttp%253A%252F%252Fwww.themuslimtimes.org%252Fwp-admin%252Fpost-new.php%26DM_CAT%3DNYTimesglobal%2520%253E%2520General%26DM_EOM%3D1&C=H07707BRUSSELS — European finance ministers increased pressure on Greek bondholders to take voluntary losses to ease the region’s debt crisis late Monday and took new steps to complete action on a new bailout fund as the International Monetary Fund had urged. The ministers backed efforts by Greece to keep the […]