United States

Trump Entertainment files for bankruptcy

Trump Entertainment files for bankruptcyNew York  - The casino companies owned by flamboyant US businessman Donald Trump filed for bankruptcy protection Tuesday in another indication of how the economic slump is picking off some of the most famous names in the business world.

Trump Entertainment Resorts Inc filed for Chapter 11 protection in the US Bankruptcy Court in New Jersey after failing to reach a new deal with bond holders to restructure
1.25 billion dollars in debt. The company said it had 1.74 billion dollars in debt and 2.06 billion dollars in assets, according to a court filing.

Obama to sign stimulus bill, attention turns to housing

Obama to sign stimulus bill, attention turns to housingWashington  - The centrepiece of Barack Obama's economic rescue plans will become law Tuesday, the culmination of a six-week process full of partisan wrangling that handed the US president his first significant victory since inauguration.

Obama is to sign a 787-billion-dollar economic stimulus bill at a ceremony in Denver, Colorado. The largest single spending measure in US history is intended to help the country recover from a year-long recession that many consider the worst since the Great Depression of the 1930s.

Groundwork for ending violence needs moral fibre: Martin Luther King III

Martin Luther King IIINew Delhi, Feb. 17 : Calling for vision and a steadfast determination to end violence and the menace of terrorism across the globe, US civil rights leader Martin Luther King III on Tuesday said there was an urgent need to begin laying the groundwork for a moral, social, and political climate that rejects both terrorism and war.

Wal-Mart profits drop 8 per cent in final quarter of 2008/2009

Wall-MartNew York - Retailing giant Wal-Mart reported Tuesday that its net earnings fell nearly 8 p

Former British spy chief attacks US and British anti-terrorism laws

Guantanamo Bay prison campLondon - The use of torture by the US at the prison camp of Guantanamo Bay has served as a "recruiting sergeant" for suicide terrorists, a former British intelligence chief alleged Tuesday.

Stella Rimington, who stood down as head of Britain's MI5 intelligence service in 1996, accused the British government of having used anti-terrorism laws to restrict civil liberties by creating a "climate of fear."

Haloed Obama gets priestly slam!

Barack ObamaSan Francisco (US), Feb. 17 : Attempts by a novelty shop in the Noe Valley neighbourhood to sell greeting cards and candles featuring the halo-adorned head of President Barack Obama, has led Reverend Tony La Torre of the St. Philip the Apostle Church to call for a boycott of these items.

The 15-dollar candles feature the president''s halo-adorned head plastered onto the crucifix-clutching body of St. Martin de Porres, the Peruvian-born friar regarded as one of the first black saints in the Americas.

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