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Local Govt. Debt Under Control, Ministry

BEIJING, Aug. 16 (UPI) — Local governments’ debt at the end of 2010 totaled $1.7 trillion, but the Chinese finance ministry said it is “controllable” with some risks. Last year’s debt, as reported by the National Audit Office, accounted for 27 percent of China’s gross domestic product, but China Daily reported the ministry’s announcement calmed […]

Obama Administration To Sink Money Into Infrastructure Bank

The Administration of President Barack Obama is pressing Congress to create an “Infrastructure Bank” to help finance rail and highway construction. Officials from the Administration have noted that the bank would be a new government entity that would provide loans to support public-works projects in both regional and national sectors.

Approval Rating For Obama Hits All-Time Low

After beginning his Presidency with approval ratings that were through the roof, President Barack Obama has seen the numbers drop to levels below 40 percent. The President received a 39 percent approval rating in the latest Gallup Poll, with 54 percent disapproval from the American public.

With Bachmann Ames Win, Lines Drawn In GOP Race

Representative Michele Bachmann (R-Minn.) narrowly beat out her fellow Congressman, Representative Ron Paul (R-Texas), in the Ames Straw Poll on Saturday with 4,823 votes, or 28.6 percent. Her win cements her lead in Iowa, an early primary State.

At Ames, Pawlenty Goes Down In Flames

Former Minnesota Governor Tim Pawlenty announced Sunday that he is no longer seeking the Republican nomination in the 2012 Presidential race. After finishing a distant third in the Ames Straw Poll, well behind Representatives Michele Bachmann (R-Minn.) and Ron Paul (R-Texas), Pawlenty said his “message didn’t get the kind of traction or lift that we needed and hoped for” going into the poll.

‘Vampire’ Attacks Woman, Arrested

GALVESTON, Texas, Aug. 16 (UPI) — A Galveston, Texas, man claiming to be a vampire was jailed after allegedly attacking a woman, police say. Lyle Monroe Bensley, 19, was arrested on charges of burglary with intent to commit assault after forcing his way into a woman’s apartment Saturday, the Houston Chronicle reported. Bensley groaned and […]

British Teen Gets Bionic Arm

WOKINGHAM, England, Aug. 16 (UPI) — A Wokingham, England, teenager born without a hand is now the owner of a bionic arm that he says is “amazing” complete with a Mercedes logo on it. Matthew James, 14, previously had a simple open-and-close grip prosthetic limb in place of his missing hand, Sky News reported. When […]

Parties Face Deadline For Consensus

KATHMANDU, Nepal, Aug. 16 (UPI) — Nepal’s squabbling parties have until Sunday to form a unity government, as the Himalayan state faced another political crisis after its prime minister quit. Jhalanath Khanal resigned Sunday as prime minister, a post he had held for only about six month, after consensus talks with other party leaders failed. […]

Giordano To Be Held 16 More Days

ORANJESTAD, Aruba, Aug. 16 (UPI) — A judge in Aruba ordered the suspect in the disappearance of a Maryland woman be held in Aruba for 16 more days. Gary Giordano, 50, the sole suspect in the disappearance of Robyn Gardner, appeared in court in Aruba Monday. A judge ordered that Gardner remain in the country […]

Report: New Stryker Protects Troops Better

WASHINGTON, Aug. 16 (UPI) — The latest model of Stryker combat vehicles used by the U.S. Army in Afghanistan protects troops better than older versions, military analysts say. The new design, with a V-shaped hull, reached army brigades in the spring, USA Today reported. A total of 37 soldiers have died and 239 have been […]

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