WHO’S LOONIE NOW? — For years, currency traders have largely been dismissive, not to say disparaging, about “other” dollars, among them the Canadian “loonie,” New Zealand’s “kiwi,” and the Australian dollar. With the decline of the U.S. “greenback” and the rise in oil prices, the “other” dollars have come into their own — and become ripe for currency speculation. On Monday, the Australian dollar (the Aussie? the kangaroo?) reached a 23-year high against its U.S. counterpart, having hopped to U.S. 91.8 cents, up from U.S. 91.1 cents Friday. With Australian interest rates widely expected to rise to 6.75 percent in [...]
Investigators for the U.S. Department of Defense (DOD) have concluded that, due primarily to a lack of effective centralized training and coordination, DOD personnel involved in previous counterterrorism and counterintelligence investigations may have violated Americans’ civil liberties when reviewing their financial and other personal records. According to documents recently released under the U.S. Freedom of Information Act, the department has issued 455 national security letters — subpoenas that allow authorized government officials to examine, without court order, the personal data of American citizens suspected of involvement in espionage, terrorism, and other activities that threaten the security of the United States [...]
WASHINGTON — Much of the controversy surrounding a congressional committee’s approval of a resolution condemning as genocide the massacre of Armenians during the collapse of the Ottoman Empire has focused on the action’s geopolitical ramifications. But a key question remains unanswered: How did the world’s most powerful body of lawmakers come to feel compelled to register a position on an event that happened almost a century ago? By some accounts, the answer is simple: lobbying. Others, however, contend that the power of the Armenian lobby in the United States has been exaggerated and that the genocide resolution has gotten traction [...]
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