Russia voices concern over U.S. new security law

The U.S. new security law allowing the military to detain American terrorist suspects without trial may entail grave consequences and contradicts international law, the Russian Foreign Ministry said on Sunday. Last December, U.S. President Barack Obama signed into law the national defense authorization act, which contains provisions regulating the detention, interrogation, and prosecution of suspected terrorists. The new security law allows... [more]

Financial transactions tax ‘failed’

As Europe debates whether to apply a tax on financial transactions, a former Swedish finance minister says Sweden’s experience in the 1980s was so negative it repealed the tax as plunging trading volumes led to disappointing tax revenues. “The Swedish experiences were negative, both from the point of view of the state’s finances and from a general socioeconomic perspective,” former finance minister Bo Lundgren, 64,... [more]

Deutsche Börse-NYSE merger heads for rocks

The merger of Deutsche Börse and NYSE Euronext, which would create the world’s largest market operator worth over $17 billion (€14 billion), looks seriously compromised just weeks from an EU competition decision. With European anti-trust services setting conditions deemed unacceptable by executives, there is a growing chance that the tie-up putting the New York Stock Exchange under the same roof as the German market operator will... [more]

Japan flight turns back after seat fire

A Japan Airlines flight bound for Sydney was forced to turn back after takeoff when a business class passenger seat caught fire, according to reports. The small fire was apparently caused by a cigarette lighter — although the airline said it has not yet identified who it belonged to, according to the Kyodo News and Jiji Press news agencies. The Boeing 777, carrying 260 passengers and crew members, took off from Narita airport... [more]

Search continues on stricken cruise ship

 Police divers and rescue crews are circled around the wreckage of the cruise ship that ran aground off the Tuscan coast in an apparent search for the few dozen people who remain unaccounted for. Late Saturday a South Korean couple on their honeymoon were rescued when firefighters in the unsubmerged part of the Costa Concordia heard their screams. Crews in dinghies were seen Sunday morning touching the hull with their hands. They... [more]

Why I Hate Religion, But Love Jesus’: Controversial Viral Video Logs 10 Million Hits in Four Days

It’s the poem about Jesus versus “religion” that’s lighting up the blogosphere at a dizzying pace. “Why I Hate Religion, But Love Jesus” by spoken-word artist Jefferson Bethke has received more than 10.2 million YouTubeviews as of Saturday night since it was posted just four days ago, eliciting more than 100,000 YouTube comments and plenty of debate elsewhere on the Internet. You can check it out... [more]

UN chief says Syrian president must stop violence

The U.N. Secretary General demanded Sunday that Syria’s president stop killing his own people, saying the revolutions of the Arab Spring show that people will no longer accept tyranny. In a keynote address at a conference on democracy in the Arab world, Ban Ki-moon said the days of one-man rule and family dynasties are over in the Middle East. “Today, I say again to President (Bashar) Assad of Syria: Stop the violence.... [more]

Attack Ads: Dirty Tricks Of Republican Race

A barrage of attack ads have stormed early voting states in the US as Republicans battle it out to take on Barack Obama. Changes in rules governing campaigning and advertising mean this election has an unprecedented amount of advertising and it is getting nasty. Supreme Court decisions allow Super PAC campaign groups to raise limitless sums from corporations and unions to support candidates as long as they do not have direct contact with... [more]

Dutch leftwing parties: higher tax for rich

Labour, the Socialist Party and the Green Left Party have launched a joint call for a higher tax rate on high incomes as part of a plan for “clever, solidary, green investments.” The party leaders launched their plea in Dutch daily de Volkskrant but did not indicate how much they wanted to raise the highest tack bracket, which currently stands at 52 percent. Recent calculations suggest an increase of just one percent could see the state... [more]

Germany shows EU solidarity but keeps up demands

Germany displayed unflinching solidarity with its European partners after nine saw their credit ratings downgraded but did not let up the pressure for stricter policing of spending. Both Finance Minister Wolfgang Schaeuble and Chancellor Angela Merkel were at pains to reassure investors after France and Austria were stripped of their top triple-A credit ratings. They both sought to downplay the impact of Standard and Poor’s decision... [more]

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