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US economy on road to recovery: White House

Tweet Washington: The United States economy is on the road to recovery with stronger job growth expected this year, but income inequality and Europe’s debt crisis could still pose challenges, according to a White House report. “While actions taken to prevent a deeper recession and to strengthen the recovery have made a difference, the nation [...]

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Obama presents mortgage refinancing plan

Tweet Washington: President Barack Obama Wednesday presented a plan to revitalize the US real estate market that would allow millions of homeowners to refinance their mortgages and take advantage of the current historically low interest rates. Due to the precipitous decline in housing prices in recent years, more than 10 million homeowners now owe the [...]

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‘Occupy’ protesters defy ban, stay put in Washington

Tweet Washington: Occupy protesters in Washington defied a police deadline and erected a “tent of dreams” around a statue as part of their protest against eviction. The camps at McPherson Square and Freedom Plaza, a couple of blocks from either end of the White House, are the group’s most visible sites after the one in [...]

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10 killed, 18 injured in Florida highway pileups

Tweet Washington: As many as 10 people were killed and 18 injured overnight in pileups on a highway in the US state of Florida, due to fog and smoke from a brush fire, media reports said Sunday. Ten people were killed in the crashes, which the Florida Highway Patrol said involved at least 12 passenger [...]

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US making powerful bomb to hit Iran: Report

Tweet Washington: The Pentagon has stepped up efforts to make a bomb capable of destroying Iran’s most heavily fortified underground facilities, the Wall Street Journal reported Saturday. “The 30,000-pound (around 13,600 kg) ‘bunker-buster’ bomb, known as the Massive Ordnance Penetrator (MOP), was specifically designed to take out the hardened fortifications built by Iran and North [...]

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Obama begins re-election campaign, hits out at outsourcing

Tweet Washington: Virtually launching his re-election campaign, President Barack Obama hit out at “outsourcing” as he called keeping alive the American dream “the defining issue of our time” and pledged to fight obstruction by opposition Republicans. While he did not name India in his third annual State of the Union address to a joint sitting [...]

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Moms to take to the catwalk in New York

Tweet New York: In a first-of-its-kind at the global arena, a fashion show only for mothers will take place at the New York Fashion Week this year. The "Fashionable Mom Show" would feature styles targeting busy mothers and will be modelled specially by moms, according to the Daily Mail online. The show will give women [...]

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Israel, US call off joint military drill

Tweet Jerusalem: Israel and US have dropped plans for a large-scale joint exercise initially scheduled in May, Xinhua reported Sunday citing Israel's Army Radio. Thousands of US troops were due to be deployed in Israel for the largest joint manoeuvres in the allies' history, dubbed "Austere Challenge 12," during which they were to test their [...]

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US stocks fall on bleak earnings

Tweet New York: US stocks closed lower Friday as JP Morgan Chase reported worse-than-expected fourth-quarter earnings, while downgrades of several European countries spurred new concerns over the region's debt crisis. Investors had expected rating agency Standard & Poor's to downgrade some European countries' credit ratings Friday as it had put 15 countries on Creditwatch Negative [...]

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Beyonce designs shirt for Obama’s campaign

Tweet London: Singer Beyonce Knowles has designed a T-shirt to raise money for US President Barack Obama's re-election campaign. The 30-year-old, who gave birth to daughter Blue Ivy Jan 7, is one of 22 people to get involved in the Runway to Win campaign by creating a garment, reports contactmusic.com. Beyonce's mother Tina Knowles, who [...]

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