Politics
Feb 22nd, 2012
The Obama administration will propose a significant overhaul of the nation’s corporate tax code on Wednesday.
According to a senior administration official, the plan would lower the nation’s corporate tax rate to 28 percent. Additionally he wants to boost overall revenues from corporate taxation by banning numerous deductions and loopholes that save companies tens of billions of dollars a year on their tax bills.
The current U.S. corporate tax rate of 35 percent making it one of the highest in the world, however the abundance of loopholes and deductions enable many businesses to pay far less than that, and sometimes nothing at all.
Feb 21st, 2012
According to media reports the Syrian opposition will participate in a conference in Tunis scheduled this Friday, The invitation of the conference has been sent to the members of the Arab League, the United Nations as well including Russia, China and the United States. Rafik Abdessalam the Foreign Minister of Tunisia after attending a meeting on Monday with the foreign ministers of the Mediterranean region said that during the talks the need to avoid an Iraq scenario and prevention of territorial integrity of Syria was emphasized.
Abdessalam told reporters that the Tunis meeting will have the representation of the Syrian Nation
Feb 18th, 2012
According to the Chinese official media, the country’s vice foreign minister Zhai Jun said that the world should not violate the sovereignty of Syria after he held talks with his Syrian counterpart Faisal Meqdad, in the Syrian capital, Damascus. Zhai said that they have exchanged their views on possible ways to strengthen their relationship and cooperation at a time when Syria is facing intense international pressure. The government of China has twice allied with the Russian government in vetoing the resolution of the United Nations Security Council condemning the deadly crack down by the regime of Bashar al-Assad on the 11-month old popu
Feb 17th, 2012
President Barack Obama racked in $29.1 million for his re-election campaign and the Democratic Party in January, raising his total for this election cycle to nearly $250 million.
The amount announced Friday, indicates that he has picked up the pace from his $23 million-a-month average of the final three months of last year
The Obama Victory Fund, a joint venture of his campaign and the Democratic National Committee, raised $13.4 million. Separately, the Obama campaign raised $9.3 million, the DNC raised $6.1 million and an Obama swing state fund raised $384,000, according to financial reports and Obama campaign officials.
That fu
Feb 16th, 2012
President Obama on Wednesday visited a Wisconsin factory to promote his insourcing economic plan, which he says could help prod American manufacturers to bring jobs home from China and elsewhere overseas.
Mr. Walker, a Republican who is facing a recall election he has predicted will be a bellwether for Mr. Obama’s chances in Wisconsin, pulled out of the joint tour with the president at the last minute. Mr. Walker’s spokesman told reporters that the governor was dealing with the flu so he would not accompany Obama to congratulate Master Lock for bringing jobs back to the US.
Mr. Walker was not too sick to show up at the airport
Feb 15th, 2012
On Tuesday the US Secretary of Defense Leon Panetta said that he does not believe that Israel has arrived at any decision yet to attack Iran in order to thwart its nuclear program. As he has mentioned earlier he said that he does not have any idea that Israel would launch any military strike this spring against Iran.
A columnist for Washington Post had written recently that it is most likely Israel would attack Iran this spring in the months of April, May or June. A Republican, Senator Roger F Wicker during a hearing before the Armed Services Committee of the Senate pressed Leon Panetta on his personal assessment. Wicker questioned w
Feb 14th, 2012
On Monday the Prime Minister of Israel, Benjamin Netanyahu, blamed Iran of involvement in the two attacks on Israeli embassies in India and Georgia which resulted in injuring two Israelis, one of them a woman.Netanyahu, while addressing members of his rightwing Likud Party, said that Iran is behind the attacks on the embassies as it is the largest exporter of terror around the world. The Israeli leader said that in recent months, a number of attempts were made to inflict harm on Jews and Israelis in places like Thailand and Azerbaijan, which were conducted by Iran and its ally, the Shiite militia of Lebanon, Hezbollah. He said that in all
Feb 13th, 2012
According to Pakistani officials on Sunday, the Afghan security forces kidnapped two Pakistanis in southwestern Baluchistan province of Pakistan and shot them. Naseebullah Bazai, the secretary of tribal affairs, told AFP that on Friday some two dozen Afghan security forces crossed the border and entered into southwestern Pakistan, the Baluchistan province, and kidnapped two Pakistanis and took them back into Afghanistan. He said that two Pakistani nationals were taken down by the Afghan security forces and then shot dead inside Afghanistan. He added that the Government of Pakistan had called for an immediate meeting with the Afghan Consul
Feb 10th, 2012
The Obama Administration has imposed further strict sanctions on the Islamic Republic of Iran that also include the freezing of its assets in the Central Bank of the United States. The action has further strengthened the belief that the Obama Administration is preparing for a possible Israeli attack on the Iranian facilities.
Mohammed Khazeee, the Iranian ambassador to the United Nations has however dismissed all such reports saying that he doesn’t think this is going to happen. In an interview Mr. Khazee told the National Public Radio that Iran is so strong that if Israel attacks it then the consequences will be terrible not only fo
Feb 9th, 2012
The human rights organization based in London, Amnesty International, said that there should be a trial of the Indian army personnel who are currently facing severe charges of grave human rights violations. The Kashmir Media Service said that Amnesty International, while citing the February 4 order of the Indian Supreme Court, stated clearly that the Indian army could by no means use the Armed Forces Special powers Act (AFSPA) to avoid the expected prosecution of the eight Indian army officers who have been charged of the killings of five Kashmiri villagers in Pathribal in March 2000.
The Director of Amnesty International for Asia Paci
