Russian fund bypassed by U.S. sanctions

Aug 29, 2014

Russian fund bypassed by U.S. sanctions

by Jeff Horwitz

As President Barack Obama warns of stepped-up economic punishments against Russia for its military incursions inside Ukraine, U.S. sanctions have so far avoided one prominent financial institution: the $10 billion Russian Direct Investment Fund (RDIF), which has partnered with brand-name American companies and whose ...

Obama tamps down prospect of strikes in Syria

Aug 29, 2014

Obama tamps down prospect of strikes in Syria

President Barack Obama played down the prospect of imminent U.S. military action in Syria on Thursday, saying “we don’t have a strategy yet” for degrading the violent militant group seeking to establish a caliphate in the Middle East. The president spoke shortly before convening ...

Obama woos veterans with mental health care, military home loans

Aug 27, 2014

Obama woos veterans with mental health care, military home loans

President Barack Obama sought to make amends with veterans on Tuesday, announcing steps to expand their access to mental health care and an initiative with financial firms to lower home loan costs for military families. The president was embarrassed earlier this year when it ...

Thousands attend Missouri funeral for Ferguson teen killed by cop

Aug 26, 2014

Thousands attend Missouri funeral for Ferguson teen killed by cop

Relatives said goodbye Monday to the 18-year-old Missouri man who was shot and killed by a police officer, remembering him as a “gentle soul” with a deep and growing faith in Christianity and ambitions that one day “the world would know his name.” Thousands ...

Shiite militiamen kill dozens of Iraqi Sunnis in mosque shooting

Aug 23, 2014

Shiite militiamen kill dozens of Iraqi Sunnis in mosque shooting

Iraqi Shiite militiamen machine-gunned minority Sunni Muslims in a village mosque on Friday, killing dozens just as Baghdad is trying to build a cross-community government to fight Sunni militants whose rise has alarmed Western powers. A morgue official in Diyala province, north of Baghdad, ...

Another American hostage at risk of beheading by Islamic State

Aug 20, 2014

Another American hostage at risk of beheading by Islamic State

Extremists with the Islamic State group are threatening to kill another hostage after beheading American journalist James Foley in a horrifying act of revenge for U.S. airstrikes in northern Iraq, U.S. officials say. The White House must now weigh the risks of adopting an ...