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August, 24, 2016

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Commentary > Reuters
Progressive groups opposing Lawrence Summers as the next Federal Reserve chairman are stepping up pressure on President Barack Obama to make a different choice, emphasizing the price his Democratic Party would pay for nominating the former U.S. Treasury Secretary and White House aide.
 
It would hardly be a surprise to Syrian President Bashar al-Assad or his military if American missiles start hitting Syria soon.
 
Mexico's Enrique Pena Nieto has only been in charge nine months, but the success of his presidency depends largely on how he steers divisive economic reforms through Congress with the opposition by the end of this year.
 
The U.S. Congress, which votes largely along party lines on most issues, is displaying a different kind of split in the debate over Syria: Experienced lawmakers who support President Barack Obama's plans for military action are lining up against more skeptical and rebellious newcomers mostly from the ideological fringes of both parties.
 
After putting the decision to launch military strikes on Syria into the hands of Congress, U.S. President Barack Obama is doing what his critics have long accused him of failing to do: reaching out, personally and aggressively, to lawmakers on Capitol Hill.
 
A mega-port project on the north Kenyan coast conceived in the 1970s may finally be gaining traction based on commercial oil finds in Uganda and Kenya, but it needs more financing to compete with a Chinese-backed port in Tanzania and other rivals.
 
More than two years into Syria's civil war, Syrian President Bashar al-Assad is settling his bills for Russian arms orders through the Russian banking system to try to shore up ties with his most powerful ally, according to a Russian arms industry source.
 
It's a truism often repeated in the Pentagon and across the U.S. security establishment: In war, the enemy gets a vote. A U.S.-led cruise missile attack on Syria in response to its alleged use of chemical weapons, which seems increasingly likely in the coming days, could provoke reprisals from Damascus and its backers, ranging from retaliatory missile strikes to terrorist attacks and cyberwar, according to government officials and private analysts.
 
The patriotism of wealthy overseas Indians has helped the country avert economic crises in the past and it is little surprise that embattled policymakers are turning to them again to plug a record trade gap that is battering the rupee.
 
With Australia's election just days away business leaders want one thing for certain -- certainty. Just give us political certainty, they cry, and we'll be happy to abandon caution and spend like drunken sailors.
 
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