News World

Commentary on the state of the U.S. economy has once again turned — sadly — to America’s supposed failings relative to the rest of the world. In a much-cited follow-up to its 2005 report Rising Above the Gathering Storm, for example, an eminent committee of the National Academies reached the unanimous conclusion that when it comes to the principal ingredients of innovation and competitiveness, “our nation’s outlook has worsened.”

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The high standard of living most Americans enjoy could be at risk. And the looming danger is caused by two little words — “global imbalances.”

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Ireland has formally requested substantial “financial assistance” from the European Union to buttress the government and bolster its struggling banking sector, Prime Minister Brian Cowen said Sunday night.

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The People’s Bank of China raised the reserve requirement ratio for its banks by a half-percentage point on Friday in an attempt to control the flow of new money and combat inflation.

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Ex-US President Jimmy Carter secures release of an American, Aijalon Mahli Gomes, sentenced to hard labour for illegally entering North Korea.

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Three Ontario men accused of taking part in a domestic terrorist plot and possessing plans and materials to create makeshift bombs had allegedly selected specific targets in Canada, sources told CBC News.

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US health officials say they have found samples of salmonella linking two Iowa farms to a nationwide egg recall.

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Hundreds of thousands of Pakistanis are ordered to evacuate their homes as flood waters threaten several cities in the south of the country.

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The number of people in England undergoing surgery on the NHS to help them lose weight has increased tenfold in less than a decade, figures show.

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As Chile labors carefully to rescue 33 trapped miners, the nation is subtly working to buoy their hopes and psychological equilibrium by not telling them straight out just how long it could take to free them from the bottom of a dark and craggy shaft.

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