Paul's Feed
Jun 19, 2012

China offers $43 billion for IMF crisis war chest

LOS CABOS, Mexico (Reuters) – China on Monday offered $43 billion to the IMF’s crisis-fighting reserves, joining other major emerging markets in pledging new funds to shore up the global financial system while demanding reforms to give the developing world more clout at the IMF.

China’s contribution, confirmed by a Group of 20 official, follows Russia’s pledge of $10 billion and is in line with a promise to supply the International Monetary Fund with extra firepower to help cope with the fallout from Europe’s debt crisis.

Jun 18, 2012

G20 to confirm IMF loan pledge despite reform delay

LOS CABOS, Mexico (Reuters) – Leaders of the world’s major economies are set to confirm they will make new crisis-fighting loans to the International Monetary Fund even though some emerging nations are frustrated with the slow pace of winning more power at the global lender.

The Group of 20 summit in Mexico on Monday and Tuesday will be overshadowed by Europe’s debt crisis that threatens to stretch Europe’s own rescue funds, underscoring the need for a bigger war chest at the IMF.

Jun 15, 2012

Obama’s Asia “pivot” advances, but obstacles await

WASHINGTON (Reuters) – An intense fortnight of top-level U.S. engagement with Asian countries from powerful India to tiny Singapore has highlighted President Barack Obama’s seriousness about reasserting American power across the Pacific – but also the obstacles he faces.

Even as a conflict elsewhere, in Syria, worsened dramatically this month, the Obama administration’s top officials spent much of their face-time with Asian colleagues.

Jun 15, 2012

Analysis: Obama’s Asia “pivot” advances, but obstacles await

WASHINGTON (Reuters) – An intense fortnight of top-level U.S. engagement with Asian countries from powerful India to tiny Singapore has highlighted President Barack Obama’s seriousness about reasserting American power across the Pacific – but also the obstacles he faces.

Even as a conflict elsewhere, in Syria, worsened dramatically this month, the Obama administration’s top officials spent much of their face-time with Asian colleagues.

Jun 11, 2012

U.S. says fears ‘potential massacre’ in Syria’s Haffeh

WASHINGTON (Reuters) – The Syrian government appears to be planning a massacre in the opposition stronghold of Haffeh, the U.S. State Department said on Monday, and it warned that Syria’s army will be held to account for killings.

State Department spokeswoman Victoria Nuland said Washington shared the alarm of international mediator Kofi Annan, who described reports of mortar bombs, helicopters and tanks being used in Haffeh, near the coast, as well as government shelling of the opposition stronghold of Homs.

Jun 10, 2012

Republicans renew attacks on Obama administration over leaks

WASHINGTON, June 10 (Reuters) – U.S. Republicans on Sunday
renewed their attacks on the Obama administration over suspected
leaks of classified security information, with one influential
senator saying the Justice Department should appoint a special
prosecutor to investigate.

Among the government secrets leaked to the media in recent
months were reports on U.S. cyber warfare against Iran,
procedures for targeting militants for drone attacks and the
existence of a double agent who penetrated a militant group in
Yemen.

Jun 7, 2012

Philippines president visits U.S. as allies eye China

WASHINGTON, June 7 (Reuters) – Philippines President Benigno
Aquino arrived in the United States on Wednesday for a visit
that will highlight the Southeast Asian archipelago’s growing
importance in U.S. strategic thinking, as the White House
“pivots” to Asia and both countries worry about China’s
intentions.

Aquino, well-regarded by the U.S. government, not least for
his battles against corruption, is being accorded a White House
meeting on Friday with President Barack Obama.

Jun 6, 2012

North Korea political caste system behind abuses: study

WASHINGTON (Reuters) – A caste system under which North Korea ranks its citizens based on their family’s political background and punishes those deemed disloyal to the leadership underpins the country’s human rights abuses, according to a study published on Wednesday.

The “Songbun” system, which classifies North Koreans as “loyal,” “wavering,” or “hostile,” has largely escaped notice, even as U.N. agencies and rights groups have documented abuses, including vast camps of political prisoners, public executions, and extreme information controls, the report from a U.S.-based advocacy group argues.

May 24, 2012

U.S. praises Arab Spring but warns of instability

WASHINGTON (Reuters) – The United States on Thursday praised the “Arab Spring” popular revolutions in the Middle East but said instability and violence often precede greater respect for human rights.

In its annual survey of human rights around the world, the State Department also recognized Myanmar for freeing opposition leader Aung San Suu Kyi from house arrest and for starting to open up its political system after decades of repression.

May 18, 2012

Chinese entities world’s biggest economic spies-Pentagon

WASHINGTON (Reuters) – The Pentagon said on Friday it believes China spent up to $180 billion on its military buildup last year, a far higher figure than acknowledged by Beijing, and it accused “Chinese actors” of being the world’s biggest perpetrators of economic espionage.

The Pentagon, in its annual report to Congress on China’s military, flagged sustained investment last year in advanced missile technologies and cyber warfare capabilities and warned that Chinese spying threatened America’s economic security.