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The next two decades will see a world living with the daily threat of nuclear war, environmental catastrophe and the decline of America as the dominant global power, according to a frighteningly bleak assessment by the US intelligence community. "The world of the near future will be subject to an increased likelihood of conflict over resources, including food and water, and will be haunted by the persistence of rogue states and terrorist groups with greater access to nuclear weapons," said the report by the National Intelligence Council, a body of analysts from across the US intelligence community. The analysts said that the report had been prepared in time for Barack...
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Confronted with a shrinking demand for autos in the U.S. market, Honda is cutting production and overtime at its operations in North America. In Ohio, that means the cancellation of production Dec. 22 and 23, the last two days of work before a scheduled holiday shutdown. For those two days, workers can take vacation, report for nonproduction duties or take...
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BEIJING — Italian luxury brand Versace put on a glitzy and glamorous first fashion show in China recently a stone's throw from Beijing's central Tiananmen Square, raising more than $100,000 for charity. Using only Chinese models on a circular runway similar to one used at Milan events, Versace chose one of Beijing's most fashionable new addresses for the show, the Legation Quarter, home to the US embassy in the final days of imperial China. "What appeals to me is the energy in China, especially in this city...
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BSP keeps interest rates unchanged to support peso, keep prices down By JIMMY CALAPATI The Bangko Sentral ng Pilipinas kept interest rates steady yesterday for a second month in a row, maintaining support for the flagging peso even as other central banks globally cut rates to head off the global financial crisis. The BSP left its overnight borrowing rate at 6 percent and its lending rate at 8 percent, declining to track aggressive rate cuts elsewhere, including from the US Federal Reserve, European Central Bank and the Bank of Korea. BSP Gov. Amando Tetangco said that there is still considerable pressure on core inflation...
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WASHINGTON - A federal judge yesterday ordered the release of five Algerians held at Guantanamo Bay, Cuba, in a major blow to the Bush administration’s strategy to keep terror suspects locked up without charges. In the first case of its kind, U.S. District Judge said the government’s evidence...
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