Moscow, May 21 (IANS/RIA Novosti) The security situation on the Korean Peninsula is still serious after North Korea's recent missile launch and its defiant pursuit of nuclear weapons, South Korea has said. More »'Situation on Korean Peninsula still serious'
(Reuters) - The Detroit Red Wings seized control of their Western Conference semi-final series with a 3-1 win over the Chicago Blackhawks in Game Three on Monday. After squaring the best-of-seven series in Chicago on Saturday, the Red Wings maintained the momentum on home ice to beat the top-seeded Blackhawks and move ahead 2-1 in the series. Game Four is on Thursday, again in Detroit. Red Wings goaltender Jimmy Howard weathered an early storm, making 15 of his 39 saves in the first period. ... More »Red Wings down Blackhawks to take 2-1 series lead
North Korea has released 16 Chinese fishermen and their boat, Chinese state-run media said Tuesday, after reports that armed assailants had taken the sailors hostage and demanded a ransom. More »North Korea releases Chinese sailors: Xinhua
Los Angeles, May 21 (IANS) Actress Angelina Jolie will reportedly play her late mother, Marcheline Bertrand, in a biopic made by her partner Brad Pitt's production banner Plan B. More »Jolie to play own mother in biopic?
By Ronnie Cohen SAN FRANCISCO (Reuters) - Nearly 13,000 healthcare employees at five University of California medical centers plan to strike on Tuesday in a move that threatens to back up emergency rooms and already has forced the postponement of elective surgeries. ... More »Healthcare workers set to strike California public hospitals
By Takaya Yamaguchi TOKYO (Reuters) - A Japanese government panel warns there is "absolutely no guarantee" that domestic investors will keep financing the country's massive public debt, citing the risk of a spike in bond yields that could crimp long-term growth prospects, draft report seen by Reuters shows. The warning from the advisory panel to Finance Minister Taro Aso comes at a critical time - when the government bond market has seen volatile price falls, underscoring a delicate balancing act for Prime Minister Shinzo Abe's government. ... More »Japan panel warns of dangers if debt not addressed
By Masayuki Kitano SINGAPORE (Reuters) - The dollar nursed losses versus a basket of currencies on Tuesday, having retreated the previous day as traders pared back expectations that U.S. Federal Reserve Chairman Ben Bernanke would hint at tapering bond buying this week. The market's focus is shifting to Bernanke's testimony to Congress on Wednesday after recent comments by Fed officials fuelled speculation the U.S. central bank may trim its bond purchases sooner than expected. ... More »Dollar index off three-year high, Asian shares ease
Los Angeles, May 21 (IANS) Actress Eva Longoria "misses" spending time with her close friends Victoria and David Beckham now that the couple has moved to London. More »Longoria 'misses' the Beckhams
Strong policy research is the cornerstone of policy formulation and a necessary condition for sustained good governance. However, it is widely acknowledged that the quality of policy research in India has been found wanting, both within and outside the government. Indicatively, not a single Indian think tank featured in the top 50 in 2012 Global Go To Think Tanks Rankings, and only six of them made it to the top 150. More »Indian think tanks need more institutional support
Thousands of New Yorkers -- including mayoral candidate Christine Quinn -- marched to protest the shooting death of a gay man in the neighborhood that was the cradle of the modern US gay rights movement. More »Thousands protest after gay man's murder in New York
Thousand march in New York's Greenwich Village to honour the memory of "the gay angel Mark Carson". More »New Yorkers protest after gay man's murder
By Tetsushi Kajimoto TOKYO (Reuters) - Japan's exports are expected to have risen in April from a year earlier for a second straight month led by U.S.-bound shipments of cars and Asian demand for electronics parts in a sign a weak yen and global recovery are helping the export-reliant economy. However, the Ministry of Finance (MOF) data due on Wednesday is also likely to highlight the costs associated with a weak currency, with the country expected to log its 10th straight month of trade deficits in April, as a higher import bill offsets export gains. The median forecast was for a 5. ... More »Japan April exports seen up but trade deficit to persist
WASHINGTON (Reuters) - Congressional and Justice Department investigators are examining the Internal Revenue Service over its inappropriate scrutiny of conservative groups that applied for tax-exempt status. President Barack Obama, seeking to contain the fallout as he pushes his second-term agenda, has denounced the behavior as "outrageous." After a Treasury Department report last week confirmed the targeting by the IRS, the tax agency became the focus of a criminal probe by the Justice Department. ... More »Factbox: Four key questions in the unfolding IRS scandal
By Nate Raymond (Reuters) - A California-based Tea Party group sued the U.S. Internal Revenue Service on Monday in what marked the first lawsuit to stem from an investigation finding the agency singled-out conservative organizations. In a lawsuit filed in U.S. District Court in Cincinnati, the NorCal Tea Party Patriots accused the IRS of violating its constitutional rights due to the "intensive and intrusive scrutiny" it received while seeking tax-exempt status. ... More »Tea Party group sues IRS over inappropriate targeting
By Kim Dixon and Roberta Rampton WASHINGTON (Reuters) - Two senior White House aides knew weeks ago that a probe of the Internal Revenue Service had found that the U.S. tax agency had inappropriately targeted conservative groups, but did not tell President Barack Obama, a White House spokesman said on Monday. A Treasury Department official informed White House counsel Kathryn Ruemmler on April 24 about the preliminary findings of a report that would fuel the latest in a series of scandals to confront Obama at the start of his second term. ... More »White House counsel kept IRS probe results from Obama
By Kevin Drawbaugh WASHINGTON (Reuters) - A controversy at the U.S. Internal Revenue Service involving extra scrutiny in 2010-2012 of politically conservative groups is dominating the political agenda in Washington, with congressional hearings set for Tuesday and Wednesday. ... More »Timeline: Events in IRS 'Tea Party' scrutiny scandal
WASHINGTON (Reuters) - The Southeast Asian nation formerly known as Burma received further backing from the White House on Monday in its campaign to be called Myanmar. Successive U.S. governments have refused to acknowledge the name change made in the late 1980s by the country's military rulers. The United States for years deliberately referred to the nation of 60 million people as Burma, so as not to give legitimacy to military governments. But in a nod to political reforms made by President Thein Sein, the White House acknowledged it is now employing the name Myanmar more often than before. ... More »What's in a name? U.S. starts using Myanmar as well as Burma
Tumblr Founder David Karp at Digital Life Design conference, Munich, Germany (Photo by Nadine Rupp/Getty Images) Few are arguing that the combination of Yahoo and Tumblr is not a good thing for users. Forbes contributors Steve Rosenbaum and Drew Hansen have made good cases this week here and here to show [...] More »Why Don't Startups Like Tumblr Get Their Customers To Invest? (Instead Of Sell To Yahoo)
(Reuters) - Charlie Ergen, the chairman of U.S. satellite company Dish Network Corp , has offered to buy bankrupt broadband company LightSquared Inc's wireless airwaves, a source close to Ergen told Reuters. Ergen's offer for LightSquared spectrum is valued at $2 billion, Bloomberg reported citing people familiar with the bid. LightSquared, which declared bankruptcy in May 2012, was bankrolled by one of the hedge fund industry's most powerful figures, Philip Falcone. Falcone's plans to introduce a new wireless network in the United States fell apart when the U.S. ... More »Dish's Ergen eyes LightSquared spectrum
Los Angeles, May 21 (IANS) The Saturdays singer Rochelle Humes has become a first-time mother after giving birth to a baby daughter. More »Rochelle Humes delivers girl