Thursday, May 12, 2011

American detained in NKorea speaks to family

The U.S. government says that an American detained by North Korea since November is being well cared for and has been permitted to speak to his family by phone.

State Department spokesman Mark Toner said Wednesday Swedish diplomats have visited Eddie Jun six times since March and were continuing at U.S. request to ask for regular consular access.

Tuesday, May 10, 2011

Malaysia to take 800 Australia asylum seekers

Malaysia will accept 800 asylum seekers who entered Australia illegally by sea in a groundbreaking deal between the two countries to tackle people smuggling.

In return, Australia will resettle 4,000 registered refugees living in Malaysia, according to a joint government statement late Saturday. The political opposition in Australia slammed the plan.

Australia has long attracted people from poor, often war-ravaged countries hoping to start a new life, with more than 6,200 asylum seekers arriving in the country by boat last year. Most are from Afghanistan, Sri Lanka, Iran and Iraq, and use Malaysia or Indonesia as a starting point for a dangerous sea journey to Australia.

Sunday, May 8, 2011

More confident China confronts US in latest talks

WASHINGTON (AP) -- Five years and one financial crisis since the United States and China commenced regular high-level economic talks, fast-growing Beijing might have the upper hand this week in the latest round of discussions between the world's two biggest economies.

China faces threats of penalties against goods shipped to its largest foreign market unless it does more to end what U.S. manufacturers say are unfair trade practices, including currency manipulation, that have cost American jobs.

At the same time, America's biggest foreign creditor wants assurances that its $1.2 trillion in U.S. Treasury holdings are safe despite uncertainty in Washington over how much money the U.S. can borrow to pay its bills. If Congress fails to increase that borrowing limit before August, that probably would send interest rates soaring and reduce the value of those Chinese investments.

Friday, May 6, 2011

Internet chatter up on bin Laden revenge attacks

LONDON (AP) -- Pipe bombs, a targeted car crash, a lone gunman: Western intelligence officials said Friday they are seeing increased Internet and phone chatter about cheap, small-scale terror attacks to avenge the death of 9/11 mastermind Osama bin Laden.

More than 100 protesters, meanwhile, gathered Friday outside the U.S. Embassy in London shouting, "USA, you will pay!" and warning of such revenge attacks.

European security officials say there is no specific plot to justify raising the threat level in Europe. But one of their biggest fears is the possibility of a Mumbai-style attack like the 2008 shooting spree that killed 166 people and paralyzed India's business capital for days.

AP IMPACT: CEO pay exceeds pre-recession level

NEW YORK (AP) -- In the boardroom, it's as if the Great Recession never happened. CEOs at the nation's largest companies were paid better last year than they were in 2007, when the economy was booming, the stock market set a record high and unemployment was roughly half what it is today.

The typical pay package for the head of a company in the Standard & Poor's 500 was $9 million in 2010, according to an analysis by The Associated Press using data provided by Equilar, an executive compensation research firm. That was 24 percent higher than a year earlier, reversing two years of declines.