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China’s trade surplus shrinks in December

China said Monday its trade surplus shrank sharply in December, but the hefty figure is still likely to be a sticking point in trade talks when President Hu Jintao visits Washington next week. The trade surplus narrowed to $13.1 billion in December, customs authorities said — a sharp drop from…

Body scanner CEO accompanied Obama to India

Ex-Homeland Security secretary’s company lobbies for body scanner maker The CEO of one of the two companies licensed to sell full body scanners to the TSA accompanied President Barack Obama to India earlier this month, a clear sign of the deep ties between Washington politicians and the companies pushing to…

World leaders scramble for funds to save the tiger

SAINT PETERSBURG — World leaders sought Sunday to come up with the hundreds of millions of dollars they say are needed to save the tiger from extinction and double the big cat’s number by the next Year of the Tiger in 2022. Russian prime minister and self-proclaimed animal lover Vladimir…

God won’t allow global warming, congressman seeking to head Energy Committee says

Global warming can’t destroy humanity because flood won’t kill mankind, GOP congressman says Representative John Shimkus (R-IL), who said he opposed cap and trade legislation because God would not allow the Earth to be destroyed by global warming, is seeking the chairmanship of the House Energy and Commerce Committee. Shimkus…

Trade group: Comcast takeover of NBC ‘will send monthly cable bills higher by billions’

As the proposed takeover of NBC-Universal by cable TV provider Comcast comes down to the wire, a trade organization representing hundreds of smaller cable and internet providers has urged federal regulators to protect consumers from a deal they say “will send monthly cable bills higher by billions of dollars over…

9/11 rescue workers have until Monday to accept $800 million settlement

Thousands of rescue workers sickened after the September 11 attacks in New York have until the end of Monday to accept a settlement that could near 800 million dollars. A settlement on Friday saw a subgroup of workers compensated 28 million dollars for exposure to debris removed and transferred from…

Bloomberg: Congress members ‘can’t read,’ ‘don’t have passports,’ may start trade war

New York City Mayor Michael Bloomberg has set his sights on what he — and many others — see as the provincial, insular nature of American politics, and he has unkind words for the country’s current crop of legislators. In an interview with the Wall Street Journal carried out during…

Obama: India trade deals to create 50,000 jobs for US workers

President Barack Obama announced Saturday 10 billion dollars in trade deals with India to create 50,000 US jobs, on a visit that began with an emotional tribute to victims of the 2008 Mumbai attacks. Kicking off a four-nation Asian tour weighted towards prying open new markets for US goods, Obama…

Fake chips from China sold to US defense contractors

Shannon Wren ran what appeared to be a low-key computer business in Florida but had a love for fast and fancy cars, spending hundreds of thousands of dollars on a Rolls Royce, a Ferrari Spider, a Bentley Arnage and motorcyles. He even had a side business featuring couture clothing. However,…

Supreme Court to decide corporate privacy rights

Supreme Court to weigh whether corporations can claim personal privacy interests The Supreme Court is getting involved in an unusual freedom of information dispute over whether corporations may assert personal privacy interests to prevent the government from releasing documents about them. The court on Tuesday agreed to a request from…

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