Thursday, May 12, 2011

US seeks cooperation in fast-changing Arctic

The Arctic could become the next great international battleground for resources, with melting icecaps opening new shipping routes, fishing grounds and, most significantly, some of the world's richest and as yet unexplored oil and gas deposits.

So far, the United States, Russia and other nations near the North Pole are trying to work together. They'll take a baby step in that direction this week by agreeing to the first international treaty covering the Arctic Sea, a coordinated search-and-rescue pact that will grow in importance as more cargo and cruise ships start navigating the cold waters.

Wednesday, May 11, 2011

Church burning deepens tumult of Egypt transition

Relations between Egypt's Muslims and Christians degenerated to a new low Sunday after riots overnight left 12 people dead and a church burned, adding to the disorder of the country's post-revolution transition to democracy.

The attack on the church was the latest sign of assertiveness by an extreme, ultraconservative movement of Muslims known as Salafis, whose increasing hostility toward Egypt's Coptic Christians over the past few months has met with little interference from the country's military rulers.

Salafis have been blamed for other recent attacks on Christians and others they don't approve of. In one attack, a Christian man had an ear cut off for renting an apartment to a Muslim woman suspected of involvement in prostitution.

Sunday, May 8, 2011

Automatic budget cuts have spotty record

WASHINGTON (AP) -- Congress and President Barack Obama are proposing ways to automatically trigger budget savings if they can't rein in deficits the old-fashioned way, by enacting laws to cut spending or raise taxes. Similar efforts in the past have a spotty record.

The last quarter-century has seen plenty of missed deficit and spending targets and inventive evasions of budget curbs. This is because the same legislators who put in place those budget constraints can pass laws to ignore them.

That history has convinced analysts that automatic triggers work best when lawmakers already have approved spending cuts, taxes increases or both. They're least effective when used as an incentive to force legislators into such agreements in the first place.

Friday, May 6, 2011

Al-Qaida vows revenge for Osama bin Laden's death

CAIRO (AP) -- Al-Qaida vowed to keep fighting the United States and avenge the death of Osama bin Laden, which it acknowledged for the first time Friday in an Internet statement apparently designed to convince followers that it will remain vigorous and intact even after its founder's demise.

Al-Qaida's plots are usually large-scale and involve planning over months or even years. But Western intelligence officials say they are seeing increased chatter about cheap, small-scale attacks - perhaps by individuals or small extremist groups inspired to take revenge for the killing.

"USA, you will pay!" chanted more than 100 participants in a pro-bin Laden protest outside the U.S. Embassy in London on Friday.

Nepal fights to save its Pashmina industry

KATMANDU, Nepal (AP) -- In the foothills of the Himalayas, they're fighting the battle of the pashmina.

The enemy in this war: Inexpensive, imitation pashmina wool mainly made in China and India that producers in Nepal say has caused their own sales to plummet.

Pashmina wool - the soft, warm fiber from Himalayan goats - has become world famous over the past couple of decades, sold in boutiques from Manhattan to Paris, and bringing much-needed money to this impoverished mountain nation bordered by two Asian giants.