Administration says current financial system riddled with weaknesses, must be overhauled

WASHINGTON — Aiming for greater limits and more clarity in the nation’s financial system, the Obama administration on Monday proposed adding muscle to the Federal Reserve and new restrictions on complex securities whose collapse choked lending and hit millions of American households.

Wash. Post union OKs contract; job security changes, lump-sum payments, but no salary increase

WASHINGTON — The union representing editorial and other employees at The Washington Post has overwhelmingly ratified a two-year contract that will let the newspaper protect a quarter of its workers from any layoffs, regardless of seniority.

Connecticut diocese appeals ruling releasing documents detailing alleged priest abuse

NEW HAVEN, Conn. — The Roman Catholic Diocese of Bridgeport asked the Connecticut Supreme Court on Friday to reconsider a ruling that would make public thousands of pages of documents that detail alleged sexual abuse by priests.

88-year-old White supremacist kills Holocaust Museum guard

WASHINGTON - A 88-year-old White supremacist walked into the United States Holocaust Memorial Museum with his rifle and shot a security guard before shooting himself on Wednesday.

Va. state senator, a bit rough around the edges, beats party star in Dem primary for governor

RICHMOND, Va. — For four years, Democratic state Sen. R. Creigh Deeds has coped with losing the closest statewide race in modern Virginia history to Republican Bob McDonnell.

Stocks slip ahead of decision on which banks can repay bailout funds; European markets drop

NEW YORK — Investors are turning away from stocks ahead of the latest government report card on banks.

Cheney’s secret 2005 briefings tried to shore up Capitol Hill support for CIA interrogations

WASHINGTON — Dick Cheney as vice president conducted secret briefings for lawmakers in 2005 aimed at defending harsh interrogations as their methods were coming under congressional scrutiny, according to current and former government officials.

Taliban melting into local population in Swat to fight another day : Report

WASHINGTON - Even though the Pakistan Army has claimed that it has regained control of some of the major areas of the Swat Valley by flushing out the Taliban from the region, experts believe that it is a daunting task for the Army to quell the insurgents completely, as they are using the local population as their shield and dissolving amongst the civilians, only to resurface later.

President Obama pokes fun at himself and Republicans at White House correspondent’s dinner

WASHINGTON — President Barack Obama mocked his own administration and gave playful digs at his critics and Republicans at a black-tie dinner Saturday night attended by a mix of politicians, celebrities and journalists.

Skepticism over Pak govt., army’s willingness, capability to fight Taliban

WASHINGTON - Pakistan, while announcing an all out war against the Taliban in the Swat Valley, vowed to root out extremism completely from its soil, but questions are being raised over its willingness and ability to thwart the menace.

US to spend more on Afghan war than on Iraq

WASHINGTON - The US is proposing to spend more on the Afghanistan war than on the one in Iraq for the first time, indicating a shift in priority, a media report said Friday.

Ex-Olympic champion Phelps jumps back in pool

BALTIMORE - Former Olympic swimming champion Michael Phelps is back in the pool to the delight of trainer Dawn-Marie Caingrinned.

Sexting may land teens in legal trouble

WASHINGTON - Police officials in Virginia have warned that sexting-a term used to describe the act of sending sexually explicit photos by cellular phones-may land teens in legal fix.

Michelle Obama thrilled to visit Sesame Street

WASHINGTON - US First Lady Michelle Obama’s was thrilled to visit “Sesame Street” on her first visit to New York since Barack Obama took over as US President.

Pak on brink of chaos: Expert

LAHORE - Pakistan is on the brink of chaos and is deteriorating, and in such a situation, the United States should be flexible enough in preventing that country from sinking into a political and lawless abyss dominated by Talibanisation, feels a Pakistani journalist.

Analysis: Supreme Court opening puts new focus on liberal causes such as abortion, immigration

WASHINGTON — President Barack Obama has tried to hold off debate on contentious social issues such as abortion, immigration and gay rights as he focuses on the economy and the wars in Iraq and Afghanistan. The Supreme Court vacancy will make that harder to do.

Justice David Souter, retiring from high court, can leave the city he loved to hate

WASHINGTON — After 18 years in a city he loved to hate, Justice David H. Souter can finally bid Washington farewell.

Milwaukee Journal Sentinel editor is new president of the American Society of News Editors

MILWAUKEE — The editor of the Milwaukee Journal Sentinel, named Tuesday as the new president of the American Society of News Editors, pledged to help newspapers find new ways to make money off the Web.

Swine flu threatens prospects of global economic recovery

WASHINGTON - The outbreak and spread of swine flu has come at a time when the global economy is trying to come out of the worst downturn since World War II and has threatened chances of an early recovery, especially in the US.

Western media, experts predict Taliban-led mayhem in Pak

LAHORE - Alarmed over thousands of Taliban militants pouring into the Swat Valley and spreading to other areas, leading US dailies have warned that Pakistan with its 176 million people and its pivotal position in the region is “more than likely to collapse into a growing civil war.”

Extreme duress can yield unreliable information from terrorism suspects: us military agency

WASHINGTON - A military agency has said that harsh interrogation techniques can often yield unreliable information from terrorism suspects.

A swimsuit of a different color: Magazine gets flak for altered photo of Obama’s beach bod

Here’s the part that’s NOT in debate about the May cover of Washingtonian magazine: Barack Obama looks pretty darned good in a swimsuit — especially for a president.

Business events and economic reports scheduled for the coming month

Business events scheduled for the coming month

Rice returns to harsh spotlight over approving CIA torture techniques

WASHINGTON - Former U.S. Secretary of State Condoleezza Rice has been out of the spotlight, earning up to 150,000 dollars for speaking engagements and lunching with celebrities like American Idol judge Randy Jackson.

DOT Secretary LaHood to reject FAA plan to keep secret data on bird-plane collisions

WASHINGTON — Transportation Secretary Ray LaHood says he intends to overrule the Federal Aviation Administration on its plan to keep secret data on where and when collisions between birds and airplanes occur.

Pak, a Molotov cocktail waiting to explode, says expert

ISLAMABAD - Pakistan seems like a Molotov cocktail waiting to explode. It is a country so busy quarrelling, that it is failing to solve its problems, claims David Ignatius, the co-host of PostGlobal, an online discussion of international issues.

Obama’s outreach to Muslims very important, say most Americans

WASHINGTON - President Barack Obama’s pledge to “seek a new way forward” with the Muslim world is an important goal, say most Americans.

Obama’s G-20 sojourn, a bag of mixed results

LONDON - American and British dailies have described President Barack Obama’s first trip abroad as Head of State as a bag of mixed results, but all in all, not bad for a leader travelling abroad as the head of state for the first time.

Obama’s Kenyan Aunt Zeituni can stay in the US for ten more months

BOSTON - A US immigration judge has given President Barack Obama’s Kenyan aunt ten more months to prepare an argument against her deportation.

N. Korea may use detained US journalists as bargaining chips

TOKYO - The North Korean Government is likely to use the two American journalists it has detained as bargaining chips in its feuds with the outside world, analysts and politicians in South Korea have claimed.

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