Tuesday, June 15, 2010

US General Petraeus collapses at Senate hearing on Afghanistan

June 15, 2010US General David Petraeus collapsed in his chair under intense questioning in the Senate on Tuesday. He had just finished answering Senator John McCain's question about the planned 2011 pullout of US troops in Afghanistan. Petraeus, who oversees the war in Iraq and Afghanistan as head of US Central Command, briefly put his head on the table, revived after a few seconds, stood up and left the room unaided. He then returned to the room briefly and told the senators he was feeling a little bit light-headed. Petraues joked that McCain's question wasn't the cause.


Friday, June 11, 2010

Dozens Protest BP in California

June 10, 2010 — AssociatedPress — Dozens of people took to the streets in Long Beach, California, to protest BP and demand the government seize the company.

Copyright Associated Press 2010

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Retail Sales Fall 1.2%

Retail Sales in U.S. Fall as Consumers Boost Savings

FBN's Ashley Webster on what led retail sales to fall 1.2% last month, worst than economists expected.
June 11 (Bloomberg) -- Sales at U.S. retailers unexpectedly fell 1.2 percent in May, the biggest drop since September 2009, signaling consumers boosted savings as employment slowed and stocks fell. The drop follows a 0.6 percent April gain that was larger than previously estimated, Commerce Department figures showed today in Washington. Bloomberg's Mike McKee and Jon Erlichman report. (Source: Bloomberg)

Wednesday, June 9, 2010

Hungary The Next Greece?

June 09, 2010Sarah Hewin of Standard Chartered on whether Hungary is the next Greece?