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Year: 2022

Biden tells the United Nations that Putin’s attempts to ‘extinguish’ Ukraine should ‘make your blood run cold’

CNN By Kevin Liptak, CNN President Joe Biden on Wednesday declared Russia’s invasion of Ukraine a violation of the global order, sharpening his rebukes of President Vladimir Putin as the war entered a tense new moment. Biden’s speech at the United Nations General Assembly came hours after Putin announced an expansion of his war effort,

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Bank directors urge firing of Trump official in ethics probe

By JOSHUA GOODMAN Associated Press MIAMI (AP) — Executive directors of the Inter-American Development Bank voted unanimously Thursday to recommend firing a former Trump official as president of the Washington-based institution, a person familiar with the vote said. The move came after an investigation conducted at the bank board’s request determined that Mauricio Claver-Carone violated

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Mastermind of Navy bribery scheme captured in Venezuela after escaping house arrest in San Diego

By Josh Campbell and Mary Kay Mallonee, CNN Leonard Francis, the former military contractor known as “Fat Leonard” who orchestrated the largest corruption scandal in US Navy history, was arrested Tuesday morning by authorities in Venezuela at the request of the US Marshals Service, according to the agency. Francis is currently detained by authorities in

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Powell’s stark message: Inflation fight may cause recession

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession. Speaking at a news conference, Chair Jerome Powell acknowledged what many economists have been saying for months: That the

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