Category: News

But the 21 leaders, who represent more than half the world’s economic power, offered few details of their recovery plan. The biggest accomplishment of the two-day summit was broadening support for the Washington Declaration made last weekend by major economies, pledging to maintain free trade despite domestic pressures.

“We are convinced that we can overcome this crisis in a period of 18 months,” the leaders of the Asia-Pacific Economic Cooperation forum said. “We have already taken urgent and extraordinary steps to stabilize our financial sectors and strengthen economic growth.”

Ram Bahadur Bamjan, 18, reappeared on Nov. 10 after several months of meditation to bless thousands of his followers, speaking to them on at least two occasions.

He made his last appearance on Friday and then returned to the jungle to meditate, said Biswo Prakash Newpane, a government administrator in the area. It was not clear when he would return again.

But the new rescue plan appeared stalled on Capitol Hill, opposed by the Bush administration and Republicans in Congress who don’t want to dip into the Treasury Department’s $700 billion financial bailout program to come up with the $25 billion in loans.

“Our industry … needs a bridge to span the financial chasm that has opened up before us,” General Motors Corp. CEO Rick Wagoner told the Senate Banking Committee. He blamed the industry’s predicament not on management failures but on the deepening global financial crisis.

Confirmation of the suspension came as U.S.-led coalition troops reported killing 30 insurgents in fighting in southern Afghanistan and detaining two militant leaders – both in provinces near Pakistan’s lawless border.

Al-Qaida and Taliban fighters are behind much of the escalating violence along the lengthy, porous Afghan-Pakistan border, and both nations have traded accusations that the other was not doing enough to keep militants out from its side.

Incidents around the country referring to President-elect Barack Obama are dampening the postelection glow of racial progress and harmony, highlighting the stubborn racism that remains in America.

From California to Maine, police have documented a range of alleged crimes, from vandalism and vague threats to at least one physical attack. Insults and taunts have been delivered by adults, college students and second-graders.

Leaders from the powers that fought the war, now allies, gathered at the site of the 1916 Battle of Verdun, where 300,000 men were slaughtered over 11 months of bloody trench warfare.

French President Nicolas Sarkozy paid homage to the sacrifice and suffering of the war’s “eight and a half million dead, 21 million wounded, four million widows and eight million orphans.”

A manifesto published Sunday – subtitled “Oui, nous pouvons!”, the French translation of Obama’s campaign slogan “Yes, we can!” – urges affirmative action-like policies and other steps to turn French ideals of equality into reality for millions of blacks, Arabs and other alienated minorities.

“Our prejudices are insidious,” Carla Bruni-Sarkozy, a singer and wife of President Nicolas Sarkozy, said in an interview with the Journal du Dimanche newspaper, which published the manifesto. She said she hoped the “Obama effect” would reshape French society.

House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid said in a letter to Treasury Secretary Henry Paulson that the administration should consider expanding the $700 billion bailout to include car companies.

“A healthy automobile manufacturing sector is essential to the restoration of financial market stability, the overall health of our economy, and the livelihood of the automobile sector’s work force,” they wrote. “The economic downturn and the crisis in our financial markets further imperiled our domestic automobile industry and its work force.”

Yassin Majeed said the U.S. will respond to Iraq’s amendments to the pact after Tuesday’s elections so the new president-elect can be informed of the status of the talks.

Since May, U.S. and Iraqi officials have been trying to hammer out a new security agreement by the end of the year that would keep U.S. troops in the country until 2011.