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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Nov 09, 2007
Page
10
House Democrats propose a $50 billion war funding bill linking combat operations to a war end goal by December 2008. It would mandate balanced troop home and combat time, ban harsh interrogations, and risk a veto if President Bush rejects the plan. Speaker Pelosi urges action as a leverage point on Iraq policy.
Federal Reserve Chair Ben Bernanke warned that economic growth will slow noticeably in coming months as oil costs surge and the dollar weakens. He said the economy is not in stagflation like the 1970s and penciled in a rebound by mid-2008, while noting housing weakness and credit tightening add to inflation pressures.
U S defense officials say up to date attack plans exist for Iran if needed amid the crisis over its nuclear aims. The Army and Marines are strained from Iraq and Afghanistan, but air and naval power could target Natanz, missile sites, Republican Guard bases, and naval assets. The Navy has an aircraft carrier with about 60 fighters in the Persian Gulf, a 2,200 Marine contingent aboard USS Kearsarge, and air power from the region and Qatar.
In Georgia, President Mikhail Saakashvili proposed an early presidential vote and a quick lift of the state of emergency after riot police cracked down on protests. The capital Tbilisi remained calm as security forces patrolled. opposition demands electoral reform faced a forceful response. Saakashvili, facing weakened popularity, is expected to win a second term on January 5 amid a fragmented opposition.
Iranian president Mahmoud Ahmadinejad told thousands in Birjand that Iran has 3000 uranium enriching centrifuges fully operating, signaling a milestone amid international pressure to curb the nuclear program. The claim follows prior assertions about Natanz capacity as Western powers press for compliance. Police beat and arrest opposition in Pakistan rally against Musharraf in Peshawar.
Pakistan's Gen. Pervez Musharraf pledged to hold parliamentary elections by mid February after U S pressure, while arresting more than 800 Benazir Bhutto supporters to blunt planned protests. Bhutto called the pledge vague and demanded Musharraf resign as army chief within a week.
Markets in Review outlines Thursday trading trends with brief notes on stocks in focus. Key players and sectors are summarized, highlighting notable moves by major firms and index performance amid the week’s events.
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