United States

Clinton has hearty laugh at meeting in Islamabad

Islamabad: Washington’s troubled relationship with Pakistan has triggered plenty of heartburn for US officials, but rarely sidesplitting laughter. That changed yesterday when Secretary of State Hillary Rodham Clinton erupted in amusement during a town hall meeting in Islamabad when a participant described the US as Pakistan’s impossible to please mother-in-law. Read […]

Wal-Mart Cuts Some Health Care Benefits

After trying to mollify its critics in recent years by offering better health care benefits to its employees, Wal-Mart is substantially rolling back coverage for part-time workers and significantly raising premiums for many full-time staff. Citing rising costs, Wal-Mart, the nation’s largest private employer, told its employees this week that […]

MIT to host first forum on business in China

By Zhao Yanrong (China Daily) BOSTON – A Chinese student organization recently announced it will launch the first forum to focus on entrepreneurship in China at the Massachusetts Institute of Technology next month. The forum aims to provide a platform for Chinese students in the United States and venture capitalists from […]

US immigration for sale‏

Source: Wall Street Journal By NICK TIMIRAOS The reeling housing market has come to this: To shore it up, two Senators are preparing to introduce a bipartisan bill Thursday that would give residence visas to foreigners who spend at least $500,000 to buy houses in the U.S. The provision is […]

Citigroup Earnings Rise 74% to $3.8 Billion

With a big push from a one-time accounting gain, Citigroup on Monday squeezed out its seventh-straight quarterly profit, but it faces significant challenges to growth. Citigroup announced a third-quarter profit of $3.8 billion, or $1.23 a share, beating analyst consensus estimates of 81 cents a share. That represented a 74 […]

G20 finance chiefs back Europe bank rescue

NEW YORK (CNNMoney) — Finance ministers from the world’s largest economies pledged Saturday to take “all necessary actions” to stabilize global financial markets and ensure that banks are well capitalized. “We will ensure that banks are adequately capitalized and have sufficient access to funding to deal with the current crisis,” […]

Europe should embrace failure

Failure is not a bad thing. Sure, losing or failing doesn’t give you the warm fuzzies inside, but failing and adapting ultimately sets you up for greater success. In a 2008 commencement address to Harvard, author J.K. Rowling, who made a billion dollars for her Harry Potter series, adroitly summed […]

Ways of staying on in Iraq

Source: Al-Ahram Weekly Author: Salah Nasrawi As the year-end deadline for American forces in Iraq to leave the country approaches, Iraqi and American policy-makers are at loggerheads over an agreement on the future of military cooperation between the two countries, after Iraq’s political leadership insisted that there will be no […]