The U.S. government filed a civil mortgage fraud lawsuit on Tuesday against Wells Fargo & Co, the latest legal volley against big banks for their lending during the housing boom. … [Read more...] about U.S. files mortgage fraud lawsuit against Wells Fargo
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The historic emissions deal between China and the U.S. removes a key barrier in United Nations-led efforts to craft a global climate pact. Now President Barack Obama has to find a way to make it happen at home. An international agreement to curb greenhouse gases would go nowhere without participation from China and the U.S., the two biggest producers of carbon emissions, and until yesterday they were far apart on numerous issues. With Obama and Chinese President Xi Jinping now in accord that the world's two largest economies bear a certain responsibility to take the lead in fighting climate change, other nations may be more willing to follow suit when envoys meet in Lima next month for the next round of UN-organized negotiations. "This could be a first critical step to unlocking the logjam in the climate-change negotiations," said Yvo de Boer, who oversaw the UN effort on global warming from 2006 to 2010, in a telephone interview from Seoul. "It becomes much easier for other pieces of … [Read more...] about World cheers U.S., China carbon deal as Republicans jeer
Vietnam-Born bidder wins billion-dollar contract in U.S. Reported by Pham Le California Waste Solutions (CWS) has won a decisive campaign against its rival, Waste Management Inc., the largest waste treatment company in the U.S. The prize is a package worth US$2.7 billion, which allows CWS to manage waste collection and disposal for the Californian city of Oakland for 20 years. The Saigon Times interviewed CWS General Director David Duong on his winning of this package as well as implementation of projects in Vietnam. Q: Could you elaborate on this US$2.7-billion package? How long did it take for you to win it? A: We’re very glad that seven out of eight members of the Oakland City Council voted for CWS as the entity undertaking waste collection and disposal for the city, where we are just the minority, much smaller than our rival, Waste Management, a company with branches in all 50 states of the U.S. as well as many countries around the world. CWS was chosen in part because we … [Read more...] about Vietnam-Born bidder wins billion-dollar contract in U.S.
No direct link to President Bashar al-Assad or his inner circle has been publicly demonstrated, and some U.S. sources say intelligence experts are not sure whether the Syrian leader knew of the attack before it was launched or was only informed about it afterward. While U.S. officials claim Assad is responsible for the chemical weapons strike even if he did not directly order it, they have not been able to fully describe a chain of command for the August 21 attack in the Ghouta area east of the Syrian capital. It is one of the biggest gaps in U.S. understanding of the incident, even as Congress debates whether to launch limited strikes on Assad's forces in retaliation. After wrongly claiming that Iraq possessed weapons of mass destruction before the 2003 U.S. invasion, the U.S. intelligence community, along with the Obama administration, are trying to build as solid a case as they can about what it says was a sarin nerve gas attack that killed over 1,400 people. The Syrian … [Read more...] about Direct link between Assad and gas attack elusive for U.S
WASHINGTON/HONG KONG – China's ZTE Corp said it would take part in a projected U.S. congressional hearing next month linked to an investigation of alleged Chinese espionage threats to U.S. telecommunications infrastructure. The House of Representatives Permanent Select Committee on Intelligence has invited the chairman of ZTE, Hou Weigui, and deputy chairman of Huawei Technologies Co, Ken Hu, to testify at a hearing that would explore their companies' relationships with the Chinese authorities, among other things. … [Read more...] about ZTE to testify in U.S. probe of alleged China telecom threat