Section: USA
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FP’s Situation Report, presented by Lockheed Martin: More than 100 dead in Taliban attack at Pakistan school; U.S. doubts Iraqi PM’s commitment to reconciliation; Obama says the Islamic State has lost momentum; and much more.
By David Francis and Sabine Muscat More than 100 die in Taliban attack at a school in Pakistan. In one of the bloodiest attacks in years, Taliban gunmen stormed a school in the northwestern city of Peshawar, killing as many as 100 students and teachers and wounding at least 80, according to initial reports. The attack occurred around 10 a.m. this...
Can Israel Solve Europe’s Energy Woes?
Israel has grand plans to ride to Europe’s rescue by offering a ready supply of natural gas to help the continent shake off its reliance on Russian energy. On paper, getting gas from the eastern Mediterranean holds plenty of appeal for the world’s most energy-import-dependent region, which was on the prowl for alternative suppliers...
Ruble slides again despite Central Bank rate hike
The surprise Central Bank decision to raise the rate to 17 percent from 10.5 percent came in the early hours on Tuesday in a desperate attempt to prop up the troubled currency, which has fallen sharply in recent weeks as a result of sliding oil prices as well as the pressure from Western sanctions over Russia’s involvement in Ukraine. The...
Cheap Oil Puts Russia’s Economy in Tailspin
Oh, to have been a fly on the wall in Vienna at the end of November, at the most recent OPEC meeting, when Russia’s Igor Sechin—the chief executive of Rosneft (Russia’s largest oil producer), former KGB apparatchik and all-around best crony of President Vladimir Putin—met with Saudi Arabia’s oil minister Ali al-Naimi. Neither,...
White House Has Not Yet Decided on Russia Sanctions Bill
The White House said on Monday that President Barack Obama had not yet decided how to respond to a bill authorizing new sanctions against Russia over its activities in Ukraine, although some lawmakers said they expected he would sign the measure into law. “This is something that has been the source of some discussions at the White House...
5 Fringe Politicians That Could Throw Europe Into Chaos In 2015
Europe is in a bad place right now. Deflation is looming and growth is nowhere to be seen. There’s conflict in Ukraine, unemployment is still eye-wateringly high, and it doesn’t seem like much of that is going to change any time soon. So insurgent opposition parties are popping up all over the continent, promising an end to crisis or...
Ruble Plunges to New Lows Despite Rate Hike
The ruble has tumbled to another historic low, despite an emergency attempt by Russia to prop up the rapidly declining currency. In a surprise move late Monday, Moscow’s Central Bank dramatically raised interest rates to 17 percent from 10.5 percent. The move came after the Russian currency experienced its largest one-day decline since...
As Ukraine Truce Holds, Russia Vows Economic Pain
(KIEV, UKRAINE) — Fighting in eastern Ukraine between government troops and Russian-backed separatist forces has ground almost to halt. That should be good news for Ukraine, but Russia looks intent to pile on the economic misery. In a detailed op-ed piece Monday, Russian Prime Minister Dmitry Medvedev painted a grim forecast of Russian economic...
Exclusive: 29 Instagrams That Defined the World in 2014
As Instagram hit a milestone this month, with its number of monthly active users ballooning to 300 million, TIME, in association with the photo-sharing app, takes a look back at the key moments of 2014. The selection of images, shared by some of Instagram’s most popular and respected photographers, offers an intimate view of some of the...
Dems, GOP press Obama to back Russian sanctions
Republicans and Democrats spoke with one voice on Monday in pressing President Barack Obama to sign legislation that would slap new sanctions on Russia while providing weapons and other assistance to Ukraine. …read more Source: WAVE 3...
