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Janet Yellen

Born in Brooklyn, New York, in 1946, Janet Yellen earned a bachelor’s degree from Brown University in 1967. She then went to Yale University, where she received her Ph.D. in 1971. After teaching at Harvard University, Yellen worked at the

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Obama seeks USD 2.6bn for operations in Afghanistan in 2015 budget

The Obama administration is seeking 2.6 billion for Afghanistan in its budget proposals for fiscal 2015, which were sent to Congress on Tuesday. The  USD 3.9 trillion budget package includes  USD 46.2 billion to fund the State Department and US

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US lawmakers slash development aid to Afghanistan by 50%

The US Congress have cut development aid to Afghanistan by 50% for fiscal 2014. In a massive spending bill signed into law on Friday by President Barack Obama, US Congress earmarked USD 1.12 billion for overall civilian assistance to Afghanistan,

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Forbes List of most powerful individuals in the world

There are nearly 7.1 billion people on the planet. These are the 71 that matter the most. What do the president of the United States, the Pope and the founder of Facebook all have in common? They’re all featured on Forbes’ 2012

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America donates USD 249mn despite the recent rift between Kabul and Washington

The US has pledged USD 249mn to the Afghan government for enhancing counter-narcotics effort, strengthening good governance and facilitating crime investigation. An agreement to the effect was signed on Wednesday between Deputy Foreign Affairs Minister Jawid Ludin and Coordinator Director

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Spending cut debate casts pall over Obama’s second-term agenda

Just hours after across-the-board spending cuts officially took effect, President Barack Obama pressed Congress on Saturday to work with him on a compromise to halt a fiscal crisis that threatens the economy and his broader domestic policy agenda. The failure

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Spending cut debate casts pall over Obama's second-term agenda

Just hours after across-the-board spending cuts officially took effect, President Barack Obama pressed Congress on Saturday to work with him on a compromise to halt a fiscal crisis that threatens the economy and his broader domestic policy agenda. The failure

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State of the Union: Obama pledges to reignite economy

President Barack Obama has urged Congress to back government action to revive the sluggish US economy, in his annual State of the Union speech. The Democratic president promised “smarter” rather than bigger government for “the many, and not just the

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US-China responsible for the global growth- Obama

U.S. President Barack Obama told Chinese Premier Wen Jiabao on Tuesday that their two countries had a “special responsibility” to lead the way on balanced, sustained global economic growth. “As the two largest economies in the world, we have a

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US economy add 171,000 new jobs

The US economy added 171,000 new jobs in October; however, unemployment rate still rose to 7.9% from 7.8% in September. There are more workers now who have resumed looking for jobs; hence, causing the unemployment rate to jump back up.

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Analysts on the effects of sanctions imposed against Iran

According to a western diplomat in Iran, western experts have estimated that Iranian state would run out of foreign currency within  six months to a year period of time. And, Iran’s import and exports of goods would become close to

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Analysts on the effects of sanctions imposed against Iran

According to a western diplomat in Iran, western experts have estimated that Iranian state would run out of foreign currency within  six months to a year period of time. And, Iran’s import and exports of goods would become close to

Read More

Analysts on the effects of sanctions imposed against Iran

According to a western diplomat in Iran, western experts have estimated that Iranian state would run out of foreign currency within  six months to a year period of time. And, Iran’s import and exports of goods would become close to

Read More

Analysts on the effects of sanctions imposed against Iran

According to a western diplomat in Iran, western experts have estimated that Iranian state would run out of foreign currency within  six months to a year period of time. And, Iran’s import and exports of goods would become close to

Read More

Chinese telecom giants posing a threat to the US

The US warned security threat posed by Chinese telecom firms Huawei and ZTE, after an investigation into the two companies. Earlier this year, the two firms faced allegations by a US court that some of their equipment had been installed

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US unemployment at its lowest since 2009

The US unemployment rate last month fell at 7.8%, down from 8.1% in August. The US economy added a further 114,000 jobs in September, beating expectations. The figure is certainly good news for Barack Obama whose performance was widely criticized

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No miracle cure- US economy

Bucking up this recovery is harder than it was in the past IF THERE is a theme to the American presidential campaign, it may be: “Imagine the alternative”. President Barack Obama’s campaign will argue that his actions prevented an economic

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The G20 Summit Talks Encouraged Barack Obama

US President Barack Obama was encouraged by the G20 Summit in Mexico. The Summit had laid out bold and decisive actions needed to tackle Europe’s debt crisis. “What I have heard from European leaders during these discussions, they understand the

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