World News
From The Financial Times
- Jim Jones appointed national security adviser
- A French-speaking Vietnam veteran and former head of the Marine Corps, Gen Jones will join a small coterie of military officers who have been national security adviser, including Brent Scowcroft under Gerald Ford and George H.W. Bush, and Colin Powell under Ronald Reagan
- Clinton nomination wins politicians' praise
- In the days since Mrs Clinton's appointment was first suggested, praise for the decision has been near universal among the US political class
- Data signal deep global downturn
- Evidence of a global slide to a deep recession mounted with severe strain reported by manufacturing companies around the world, large falls in car sales across Europe and bad construction figures in the US
- New US administration tilts towards hawks
- Barack Obama put the finishing touches on the senior echelons of his administration almost two months before he takes the oath of office, with Hillary Clinton, his former rival, topping the roll call of announcements
- ISM data reinforce US manufacturing gloom
- Manufacturing activity suffered a further slowdown last month to a 26-year low, the Institute for Supply Management said, providing the latest evidence of the deepening US economic turmoil
- Clinton nominated secretary of state
- President-elect Barack Obama unveiled his national security team, including his choice of Hillary Clinton as secretary of state
- Obama gambles on Hillary Clinton
- The question is whether Hillary Clinton can subordinate not just her opinions but her political ambitions to making the Obama administration a success
- UN team warns of hard landing for dollar
- The current strength of the dollar is temporary and the US currency risks a hard landing in 2009, according to a team of United Nations economists who foresaw a year ago that a US downturn would bring the global economy to a near standstill
- Black Friday bargains lift sales
- Aggressive price-cutting by retailers over the Thanksgiving holiday brought economically battered shoppers into stores in droves, according to spending estimates for the weekend that marks the symbolic start of the US shopping season
- Meet the Tarps
- Programmes at the US Treasury aimed at economic stabilisation such as the troubled asset relief programme seem to be multiplying at an alarming rate and funds are running thin
- US aims to shift focus over Kiev and Tbilisi
- The US wants to defuse tensions with other Nato member states about when exactly Georgia and Ukraine will become members of the 26-member alliance by focusing on the internal political and security reforms that both countries must accomplish before they can join the organisation
- Bernanke and the risk of deflation
- In Ben Bernanke, the Federal Reserve has a chairman who understands deflation's causes and cures as well as anybody: the subject was one of his specialities as an academic. But is America's policy correctly aligned to confront this risk? Not yet, writes Clive Crook
- Chicago trades on 'Obama effect'
- In the weeks since Mr Obama's election, Chicago – a city used to proclaiming its global status while often measuring up short next to New York and Los Angeles – has been basking in the international spotlight, writes Hal Weitzman
- The problem with Hillary
- Mrs Clinton's probable nomination as US secretary of state is a worry, writes Christopher Caldwell. She shows a willingness to interfere in the internal workings of sovereign countries, which would require force. It is questionable whether the tools of force she extols are still effective
- Canada tightens belt in move to keep balanced budget
- Canada is to limit civil servants' pay increases, end their right to strike for a year and dismantle subsidies to political parties as part of belt-tightening measures...
