Paul's Feed
Sep 2, 2010

IMF to give Pakistan $450 mln in flood aid

WASHINGTON (Reuters) – The International Monetary Fund will give Pakistan $450 million in emergency flood aid and disburse funds in September to help the country’s economy cope with the devastation, the head of the IMF said on Thursday.

Severe flooding in Pakistan has destroyed cropland and livestock and displaced millions of people, causing damage the

Sep 1, 2010

IMF sees strong S.Korea growth, urges measured exit

WASHINGTON, Sept 1 (Reuters) – South Korea should pursue “a
carefully calibrated exit” from economic stimulus policies in
the face of strong growth this year, the International Monetary
Fund said on Wednesday.

The IMF — which again revised the growth forecast of
Asia’s fourth-biggest economy upward, to 6.1 percent from 5.75
percent in a July report — said expansion was increasingly led
by private sector demand and was at or near full growth
potential.

Aug 5, 2010

Al Qaeda, Taliban resilient terrorist threats – US

WASHINGTON (Reuters) – Al Qaeda’s core leadership in Pakistan remains the most formidable terrorist threat to the U.S. homeland and al Qaeda’s growing presence across Africa challenges many states, the U.S. State Department said Thursday.

Terrorist attacks worldwide and their death toll in 2009 were at their lowest levels in some four years, according to the U.S. State Department’s annual "Country Reports on Terrorism" publication.

Terrorists carried out 10,999 attacks worldwide in 2009, the lowest number in five years and down from a recent high of 14,443 in 2006.

In 2009, 14,971 people died in terrorist attacks, the State Department reported, down from recent high of 22,736 in 2006.

Al Qaeda, the group behind the Sept. 11 attacks, "has proven to be an adaptable and resilient terrorist group whose desire to attack the United States and U.S. interests abroad remains strong," it said.

The Taliban-led insurgency that U.S. troops are fighting in Afghanistan got funding and training from Al Qaeda and "remained resilient in the south and east and expanded its presence into the north and west," it said.

The report to Congress also highlighted concerns about al Qaeda inroads across Africa, from the Maghreb states in the northwest to Somalia, which it called "highly unstable, and a permissive environment for terrorist transit and training."

The State Department said Iraq in 2009 saw a sharp reduction in the number of security incidents, and a decrease in civilian casualties, enemy attacks, and improvised explosive devices (IEDs) attacks.

Iran, one of four countries designated state sponsors of terrorism, provided backing for extremists in its region that "had a direct impact on international efforts to promote peace, threatened economic stability in the Gulf, jeopardized the tenuous peace in southern Lebanon, and undermined the growth of democracy," the State Department said. (Reporting by Emma Ashburn and Paul Eckert; editing by Vicki Allen)

Aug 3, 2010

Experts urge U.S. to press China harder on rights

WASHINGTON (Reuters) – China’s crackdown on critics and ethnic minorities, amid reversals in the rule of law since 2008, warrants redoubled U.S. efforts to press Beijing on human rights, experts told a congressional panel on Tuesday.

In testimony to the Congressional-Executive Commission on China, human rights and legal experts said Washington had played down human rights as it sought Beijing’s help with the global financial crisis and diplomatic crises with North Korea and Iran.

Jun 24, 2010

Lawmakers renew focus on China after yuan stalls

WASHINGTON (Reuters) – Senators said on Wednesday they were unmoved by China’s steps to partly free the yuan and vowed to push forward legislation to punish a Chinese currency misalignment they say distorts trade and steals jobs.

Leading critics of China’s currency policy used a Senate Finance Committee hearing focusing on U.S.-China trade to vent frustration — already seen in world financial markets — that Beijing’s weekend promise of currency flexibility will not produce the rapid gains its trading partners would like.

Jun 23, 2010

US lawmakers renew drive for China currency bill

WASHINGTON, June 23 (Reuters) – U.S. lawmakers on Wednesday
dismissed China’s recent step toward a more flexible currency
policy as too little too late and said they would pursue
legislation to press Beijing for more significant reform.

“Nothing ever changes unless you force China to act,”
Senator Charles Schumer said at a hearing where lawmakers also
urged top Obama officials not to let up pressure on Beijing.

Jun 21, 2010

U.S. lawmakers not ready to let China off hook

WASHINGTON (Reuters) – China’s signal that it will ease its currency’s 23-month-old peg to the dollar will spare the country from U.S. lawmakers’ wrath only if it opens the door to significant upward movement in the yuan.

Without quick follow-up by China to its terse announcement on Saturday, Democrats and Republicans eager to show voters they are looking out for U.S. jobs before congressional elections in November will renew a drive to punish China for “currency manipulation.”

Jun 10, 2010

Geithner signals U.S. patience waning on China currency

WASHINGTON (Reuters) – Treasury Secretary Timothy Geithner indicated U.S. patience on China’s currency policy was wearing thin on Thursday as a key lawmaker warned that he would move soon on legislation that would penalize Chinese goods.

Striking his toughest tone on the yuan since delaying a decision in early April on whether to name China a currency manipulator, Geithner told a U.S. Senate hearing Chinese policies had a harmful worldwide impact.

May 20, 2010

Japan envoy says won’t postpone U.S. base decision

WASHINGTON (Reuters) – Japan, on the eve of a visit by U.S. Secretary of State Hillary Clinton, said on Thursday it would not postpone a decision on the future of a U.S. air base that has strained ties between the two allies.

But Japan’s ambassador to Washington, Ichiro Fujisaki, cautioned in an interview with Reuters that it was still not clear whether both sides would be able to find a new way to resolve the dispute over the air base on Okinawa island.

May 18, 2010

USTR Kirk to press China on piracy, innovation

WASHINGTON (Reuters) – The United States will use economic talks next week with China to focus on intellectual property rights protection and China’s “indigenous innovation” industrial policy which discriminates against foreign firms, U.S. Trade representative Ron Kirk said on Tuesday.

“Our next steps with China include continued pressure to strengthen their IPR regime — and to step back on their flawed and troubling policies across the industrial sector, like indigenous innovation,” he said in remarks prepared for a speech to the U.S. Chamber of Commerce in Washington.