New constitutions are usually greeted with great fanfare. They're assumed to carry both the promise of a fresh start and signal that a chaotic transition has come to an end.But Egypt's new constitution is something else again. Signed into law on Dec. 26 by President Mohamed Morsi, the new charter has become a symbol of a sharply divided nation. Mr. Morsi's opponents charge the passage of the constitution...
Progress watch 2012: Smart phones, jobs returning to America, and war crimes trials
Labels: WorldGood news is hard to find. That's partly because, no matter what the topic, there's so much distracting bad news: ongoing violence in Syria, America's allegedly imminent fiscal demise, the National Hockey League lockout. From the front page to the sports page, so little looks good.It isn't just the cacophony of naysaying and fear that crowds out good news. It's also the nature of progress itself:...
Secret cremation for gang-rape victim sparks anger against Indian government
Labels: WorldProtests became violent today in Delhi as the youth wing of the opposition Bhartiya Janata Party (BJP) pelted stones at police and tried to climb over barricades following news of the secret cremation of the body of the Delhi gang rape victim.The young woman was cremated on the outskirts of Delhi Sunday morning, in an effort to prevent the public from swarming the funeral site. However, this only...
UN envoy: Without deal in Syria, think Somalia not Yugoslavia
Labels: World• A daily summary of global reports on security issues.After a week of attempting to craft a peace plan that both President Bashar al-Assad and the Syrian opposition would agree to, the United Nations' envoy to Syria said the situation will not stabilize on its own and that a political deal is no closer.“People are talking about a divided Syria being split into a number of small states like Yugoslavia,”...
Obama's pivot to Asia? Middle East will still demand attention in 2013.
Labels: WorldNearly four years ago, President Barack Obama addressed a packed, enthusiastic crowd at Cairo University and promised a "new beginning" between the United States and the Muslim world.In that speech, Mr. Obama outlined a vision for a new era of economic cooperation in the Middle East, one of steadfast US support for democracy, and of reset priorities."I've come here to Cairo to seek a new beginning...
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Will retailers rebound after weak holiday season?
Labels: BusinessAs signs emerge that holiday sales this year grew at the weakest pace since 2008, investors are dumping retail stocks. Analysts are crowing about the missing "consumer engine" without which the economy may stagnate.Many fear that the season's weakness will reverberate throughout the economy: Stores will be saddled with excess merchandise, forcing them to slash prices and accept razor-thin profit margins....
Immigration, economic revival head Obama's second-term checklist
Labels: Business- President Barack Obama is pledging to focus in his second term on immigration reform, boosting economic growth through infrastructure repair and energy policies that nod to environmental protection.The president is mired in a difficult fight with congressional Republicans to avoid sharp spending cuts and steep tax increases collectively referred to as the "fiscal cliff." However, he still has a...
Fiscal deal stalls as clock ticks to deadline
Labels: BusinessEfforts to prevent the economy from tumbling over a "fiscal cliff" stalled on Sunday as Democrats and Republicans remained at loggerheads over a deal that would prevent taxes for all Americans from rising on New Year's Day.One hour before they had hoped to present a plan, Democratic and Republican Senate leaders said they were still unable to reach a compromise that would stop the automatic tax hikes...
Equity futures rise, but "cliff" stalemate suggests more losses
Labels: BusinessEquity futures were slightly higher at the beginning of electronic trading on Sunday night as talks continued in Washington over resolving the "fiscal cliff."However, stocks still could end up falling on Monday when the cash markets open if lawmakers are unable to come to an agreement to avoid a series of $600 billion in tax hikes and spending cuts that are expected to hurt economic growth."Hard to...
Monti's reform path faces test beyond Italy elections
Labels: Business Mario Monti declared "mission accomplished" when he resigned as Italy's prime minister, having seen off the debt crisis that loomed as he took office just over a year ago but 2013 will test whether he has laid the foundations for lasting economic change.Elections on February 24-25 will give Italian voters their first chance to decide whether they want to stick to the broad course he has set...
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