Ex-general urges post 2014 Afghan troop level reveal
Former top U S commander in Afghanistan, retired Gen John Allen, called on the White House to announce how many troops will remain after 2014. He said Afghans need certainty before choosing sides, while a CNAS Brookings report warns of losing gains if drawdown accelerates or aid falters.
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Kerry says Iran unlikely to change nuclear policy
Secretary of State John Kerry expressed low expectations that Iran's upcoming election will alter its nuclear aims. He reiterated that Iran must not obtain a nuclear weapon and noted new sanctions targeting Iran's petrochemicals sector. Kerry warned the clock is ticking and that any shift would come from Supreme Leader Ayatollah Khamenei, not the presidential winner. He and German Foreign Minister Westerwelle framed the pressure as necessary to force a peaceful resolution.
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Stocks end May higher despite late-day rout
Markets slipped in late trading on Friday with the Dow down more than 200 points, but the month closed higher as bonds rallied and optimism grew. The 10 year yield fell to 2.13 percent after hitting 2.20 percent, while consumer prices and sentiment data showed mixed signals for the economy. Investors eyed end-of-month rebalancing as confidence rose on rising home prices and stock markets.
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