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World Week Ahead: Focus on US jobs, ECB

Sunday, 31 August 2014 16:33
Monday 1st September 2014 Text too small?US employment data and a meeting of policymakers at the European Central Bank will renew the focus on when interest rates will begin to rise in the US, and the degree and timing of additional stimulus in the euro zone. The state of the labour market in the US will be revealed in the ADP employment report, due Wednesday, weekly jobless claims, due Thursday, and the employment report for…
Obama faces bipartisan criticism over his foreign policy
Sunday, 31 August 2014 15:30
By Andrea Shalal WASHINGTON (Reuters) - President Barack Obama faced criticism over his foreign policy from both Democratic and Republican lawmakers on Sunday as he wrestled with crises in Iraq, Syria, Libya and Ukraine. Republican lawmakers seized on Obama's comment on Thursday when he said, "We don't have a strategy yet" for confronting the Islamic State militant group, saying it suggested indecisiveness. On Sunday, influential Democrats chimed in with their own critiques of Obama's foreign…
Libyan armed faction takes over U.S. embassy annex in Tripoli
Sunday, 31 August 2014 14:29
By Mark Hosenball and Matt Spetalnick WASHINGTON (Reuters) - Members of a Libyan militia have taken over an annex of the U.S. embassy in Tripoli but have not broken into the main compound where the United States evacuated all of its staff last month, U.S. officials said on Sunday. A YouTube video showed the breach of the vacated diplomatic facility by an armed group from the northwestern city of Misrata, with dozens of fighters seen…
Islamist militia now guards US Embassy in Libya
Sunday, 31 August 2014 14:29
TRIPOLI, Libya (AP) — The Islamist-allied militia group in control of Libya's capital has "secured" a U.S. Embassy residential compound there, more than a month after American personnel evacuated from the country over ongoing fighting, one of its commanders said Sunday. The Islamist militia's move likely will reinvigorate debate in the U.S. over its role in Libya, more than three years after supporting rebels who toppled dictator Moammar Gadhafi. It also comes near the two-year…
US hiring remains strong in July
Sunday, 31 August 2014 12:29
Washington (AFP) - The US economy generated 209,000 new jobs in July, down from June but maintaining a solid 200,000-plus monthly streak since February, the Commerce Department said Friday. The unemployment rate rose by 0.1 points to 6.2 percent, but it remained near its lowest level in nearly six years and well down from 7.9 percent at the start of 2013. It was the first time since 1997 that the economy had added more than…
Economy adds 209,000 jobs in July. Is Wall Street growing frustrated? (+video)
Sunday, 31 August 2014 12:29
For years now, most Americans have probably felt like onlookers to the economic recovery: Favorable jobs reports, improved housing data, and new stock market records keep coming, but that has translated little to improving the lot of much of the country since the recession. This week, there were the first hints in a while that Wall Street, which has reaped most of the recovery's benefits, may be growing antsy as well. The US economy added…
Lawmakers, advocates scramble as Obama slows immigration timeline
Sunday, 31 August 2014 12:29
WASHINGTON -- Across the nation, lawmakers and activists were bracing for the White House to announce unilateral action on immigration enforcement by the end of the the summer. But a recent suggestion by President Obama that the timing might have been pushed back is forcing a last-minute scramble to rethink strategy -- just two months before the midterm elections. Democrats who were either cheering the moves or bracing for campaign blowback must rethink re-election strategy.…
Republicans warn Putin could threaten more European nations
Sunday, 31 August 2014 12:29
Two Republican lawmakers warned on "Face the Nation" Sunday that if the U.S. and Europe do not work to deter Russian President Vladimir Putin more aggressively, he could begin to threaten other nations in Eastern Europe. Russia has increased its military involvement in Ukraine in recent days raising alarm among Western nations. In an interview, Sen. John McCain, R-Ariz., said that from the Ukrainian standpoint it might be considered an act of war. Putin is…
Is it too risky to bomb ISIS inside Syria right now?
Sunday, 31 August 2014 12:29
As President Obama contemplates the use of military force to defeat Islamic militants in Syria, Congress is still divided on the question. Two Republican lawmakers said Sunday on "Face the Nation" that the Islamic State of Iraq and Syria (ISIS, also known as ISIL) requires a quick and forceful U.S. response - including possible airstrikes - the top Democrat on the House Armed Services Committee warned that the region's geopolitics mean the first step must…
Officials: Iraqi forces break jihadist siege of Amerli
Sunday, 31 August 2014 12:28
Baghdad (AFP) - Iraqi forces broke through to the jihadist-besieged Shiite town of Amerli Sunday, where thousands of people have been trapped for more than two months with dwindling food and water supplies. It is the biggest offensive success for the Iraqi government since militants led by the Sunni Islamic State (IS) jihadist group overran large areas of five provinces in June, sweeping security forces aside. The breakthrough came as America carried out limited strikes…

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