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Agreement on Key Iraq Oil Law Hits the Skids

Sectarian schism again undermines top political objective

(Newser) - Agreements forged in February over a law regulating the distribution of revenue from Iraq's oil fields are dissolving, the New York Times reports. Hussain al-Shahristani, oil minister for the Shiite-controlled federal government, held meetings yesterday to try to save the compromise, but the northern Kurdish areas have already made deals...

Supply Worries Send Oil Near $80 a Barrel

US inventory drops, and OPEC production boost won't cover shortfall

(Newser) - Crude oil hit nearly $80 a barrel today—its highest price ever—thanks to dwindling supply. US inventories fell by 7M barrels last week, much more than the 2.7M analysts predicted. OPEC announced a production increase of only 500K barrels, which Bloomberg reports will not meet seasonal demand increases....

Trade Gap Dips to Lowest Level in 3 Years

Weak dollar, stronger world economies fuel rise in US exports

(Newser) - The US trade gap—the difference in total value between imports and exports—dropped to a 3-year low in July as exports jumped on a weak dollar and growing overseas demand. The figure fell 0.3% to $59.2 billion, roughly on par with the estimate economists surveyed by Bloomberg...

Europe Yawns Over US Election
Europe Yawns Over US Election
Sep 7, 2007 2:45 PM CDT

Europe Yawns Over US Election

Not convinced trans-Atlantic ties will improve

(Newser) - The next occupant of the Oval Office will not improve damaged US-European relationships, said almost half of Europeans in a recent poll. In an opinion not reflected by leaders like Angela Merkel and Nicolas Sarkozy, only 35% said relations would improve, while 46% said they would not. A study sponsor...

US Lost Jobs for First Time in 4 Years

August payroll drop shows subprime crisis affecting economy

(Newser) - In the first drop since 2003, the US lost 4,000 jobs in August, surprising experts and putting more pressure on the Fed to reduce rates at its upcoming meeting. Economists had predicted an increase of 100,000 or more jobs. The decline in employment is the clearest signal to...

US, China Grow Closer Despite Touchy Issues

Bush accepts Olympics invitation; talks recalls, environment with Hu

(Newser) - President Bush accepted an invitation today from China’s president to attend next summer’s Olympics, a gesture that will likely anger human rights activists but may increase pressure on Beijing, the Times reports. In a 90-minute meeting in the eve of the APEC summit, Hu Jintao and Bush also...

US Laborers Work Hard for the Money

New UN report says Americans more productive than peers

(Newser) - Labor Day is a well-deserved rest for Americans, as a new UN report shows US laborers work longer, harder, and get more done than their counterparts worldwide. The average US worker produces the most wealth, raking in $63,885 yearly, followed by Irish laborers at $55,986. Only Norway beat...

N. Korea Agrees to Ban Nukes
N. Korea Agrees to Ban Nukes
Sep 2, 2007 1:49 PM CDT

N. Korea Agrees to Ban Nukes

Move could lead to friendlier relations with US

(Newser) - North Korea has promised to disable all of its nuclear facilities by the end of this year, the BBC reports, possibly paving the way for warmer relations between the US and a country it now lists as a supporter of terror. After meeting with representatives from the North, US negotiator...

US May Take North Korea Off Terror List

Status change could come before nukes are dismantled

(Newser) - The US may be willing to remove North Korea from the list of state sponsors of terrorism, qualifying the country for American aid and World Bank loans, before Pyongyang has dismantled its nuclear weapons program. In the run-up to talks with North Korean officials in Geneva this weekend, the lead...

Iraqis Fleeing to US Hindered
Iraqis Fleeing to US Hindered
Aug 29, 2007 9:58 AM CDT

Iraqis Fleeing to US Hindered

Workers' lives are in danger, but exit routes are clogged

(Newser) - Iraqis who have worked with the occupation forces, endangering their own lives, face overwhelming obstacles if they want to enter the US as refugees. Tens of thousands of locals work for contractors, but because they're not directly employed by the US government, they're not eligible for special immigration status. The...

France Eyes Diplomatic Role in Iraq
France Eyes Diplomatic
Role in Iraq
Aug 22, 2007 7:50 AM CDT

France Eyes Diplomatic Role in Iraq

New foreign minister may take on peace conference

(Newser) - "Everyone knows the Americans will not be able to get this country out of difficulty alone," the new French foreign minister, Bernard Kouchner, told a French radio station on his way out of Iraq yesterday. Kouchner 's 3-day visit confirmed that the French see a role for themselves...

Sarkozy: Short, Hyper, and Still Very European

The new Napoleon may signal a world turning away from America

(Newser) - A New Yorker profile compares Nicolas Sarkozy to Napoleon: He's not just short, but he's both more Euro-centric and less of a reactionary than most Americans think. In fact, Adam Gopnik, who dubs the brazen, mercurial Sarko a "human bomb," writes than the nouveau regime may signal "...

Hurricane Dean Hastens 'Three Amigos' Summit

Bush meets neighbors, Calderon leaves early, protests turn violent

(Newser) - President Bush met with his counterparts from north and south yesterday at a Canadian summit overshadowed by Hurricane Dean and greeted with violent protests. The so-called "Three Amigos" met in a Quebec château ringed by a huge security wall, outside which police used tear gas and rubber bullets...

French Minister Visits Iraq, Forges US Bond

First visit to war-torn country is 'message of solidarity' with Iraqis

(Newser) - France tipped a symbolic hat to the US today by sending its foreign minister on a visit to Baghdad. Bernard Kouchner is the first French minister to visit Iraq since the US invasion of 2003 and comes at a time when analysts say that US-French relations are warming. Kouchner, who...

US Presses Musharraf to Share Power With Rival

Bhutto as PM would signal change

(Newser) - To strengthen Gen. Pervez Musharraf 's shaky hold on crisis-rocked Pakistan, the US is pressing him to share power with his biggest rival, the New York Times reports. Musharraf is deeply unpopular, and the White House thinks his best chance of remaining president is to join forces with former PM...

Giuliani Guarantees He Can Halt Illegal Immigration

Romney pokes, ex-mayor lashes out

(Newser) - Rudy Giuliani says he can stop illegal immigration by monitoring international travelers, implementing tamperproof ID cards with fingerprints, and tracking the status of foreign workers and students. Under fire from Mitt Romney for his record on illegal immigration while mayor of New York, Giuliani has recently cranked up his rhetoric,...

US Expedition Heads to Arctic
US Expedition Heads to Arctic
Aug 14, 2007 3:45 AM CDT

US Expedition Heads to Arctic

Expedition joins scramble to lay claim to the Arctic

(Newser) - Diving into the international scramble to grab parts of the Arctic, a US Coast Guard cutter is voyaging north this week to determine if any of the underwater territory can be claimed for America. The four-week expedition, which starts Friday, will use sonar technology to map the northern Chukchi Cap,...

Fans Flock to See Becks Sit on Bench

Ankle injury hasn't diminished crowds for Galaxy's star

(Newser) - David Beckham may be sidelined with an ankle injury but that hasn't kept American fans from turning out in droves to watch the British soccer phenom train, sit on the bench, or sub in for a measly 18 minutes for the LA Galaxy as he did in Washington DC last...

Bush, Sarko Melt Chill in Maine
Bush, Sarko Melt Chill in Maine
Aug 12, 2007 5:44 AM CDT

Bush, Sarko Melt Chill in Maine

Leaders scarf burgers, begin to patch up old alliance

(Newser) - Praise from a vacationing French President Nicolas Sarkozy and a down-home welcome from President Bush to the family compound in Maine this weekend signaled a radical switch in the tense relations between the two nations. The leaders were relaxed and affable with one another as they boated, chatted and chomped...

'War Czar' Concerned Over Troop Stress, Mulls Draft

Sees progress made on Iraq security front

(Newser) - Washington’s “War Czar” admits that it makes sense to a consider a military draft to relieve soldiers of repeated deployments in Iraq and Afghanistan. Lt. Gen. Douglas Lute tells NPR that the pressure point will come in spring, when Bush will have to juggle the nation's military needs...

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