Hendersonville Post

BEIJING — China called for the creation of a new currency to eventually replace the dollar as the world’s standard, proposing a sweeping overhaul of global finance that reflects developing nations’ growing unhappiness with the U.S. role in the world economy.
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WASHINGTON, March 16 /PRNewswire-USNewswire/ — The leader of the nation’s largest veterans organization says he is “deeply disappointed and concerned” after a meeting with President Obama today to discuss a proposal to force private insurance companies to pay for the treatment of military veterans who have suffered service-connected disabilities and injuries. The Obama administration recently [...]

IOWA CITY, Iowa — Iowa Sen. Charles Grassley suggested on Monday that AIG executives should take a Japanese approach toward accepting responsibility for the collapse of the insurance giant by resigning or killing themselves.
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AIG Execs Hire Armed Guards
A tidal wave of public outrage over bonus payments swamped American [...]

The U.S. military in Baghdad confirmed Monday that an American fighter jet shot down an Iranian drone over Iraq last month.
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Seventy-nine percent (79%) of U.S. voters now say the military should be used along the border with Mexico to protect American citizens if drug-related violence continues to grow in that area.
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A Russian Air Force chief said Saturday that Venezuelan President Hugo Chavez has offered an island as a temporary base for strategic Russian bombers, the Interfax news agency reported.
The chief of staff of Russia’s long range aviation, Maj. Gen. Anatoly Zhikharev, also said Cuba could be used to base the aircraft, Interfax reported. …
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Troubled insurer American International Group (AIG: 0.4815, 0.0626, 14.94%), which is 79.9%-owned by the federal government, will pay $165 million in retention bonuses on Sunday to those at the division that has drawn most of the heat for the company’s near-collapse.
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This is the spa and hunting trip on [...]

WASHINGTON — America’s recession “probably” will end this year if the government succeeds in bolstering the banking system, Federal Reserve Chairman Ben Bernanke said Sunday in a rare television interview.
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WASILLA, Alaska — Levi Johnston and Bristol Palin, the teenage daughter of Gov. Sarah Palin, have broken off their engagement, he said Wednesday, about 2 1/2 months after the couple had a baby.
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BEIJING — China’s Defense Ministry has demanded that the U.S. Navy end surveillance missions off the country’s southern coast following a weekend confrontation between an American vessel and Chinese ships.
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A San Francisco police union has accused former domestic terrorist William Ayers, co-founder of the Weather Underground, and his wife in a 1970 bombing that killed one sergeant, the San Francisco Chronicle reports.
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The martial arts clothing company TapouT confirmed that co-founder Charles “Mask” Lewis died in the car wreck shortly before 1 a.m. Wednesday in Newport Beach. Police say the Ferrari apparently collided with a Porsche and spun out of control
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WASHINGTON — Congress on Tuesday cleared for President Obama’s signature a $410 billion measure to fund the government, a measure denounced by most Republicans as an example of reckless spending.
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Following the GOP’s weekly conference meeting, the second-ranking House Republican told reporters that President Obama should be focusing on the “economic crisis,” as opposed to holding four-hour meetings on healthcare, as the president did last week. The efforts may be laudable, Cantor said, but the White House should be devoting all resources to fixing the [...]

A gunman’s rampage through southeastern Alabama left nine people dead Tuesday before the gunman fatally shot himself, the Alabama Department of Public Safety told FOX News.
The gunman, Michael McLendon of Kinston, began his day by burning down his mother’s house in Kinston where officials found her body, raising the death toll to 10.
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Chas Freeman, the former ambassador appointed to be the military’s top intelligence analyst, has withdrawn his name following complaints from Democratic and Republican lawmakers who said he was too entangled in foreign affairs to handle the job.
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NEW YORK (AP) — Wall Street has had its best day of the year, storming higher after some good news from Citigroup. Citigroup Inc. says it operated at a profit during the first two months of the year. That energized financial stocks and in turn, the entire stock market. Surprised investors drove the major indexes [...]

WASHINGTON — Chinese ships surrounded and harassed a Navy mapping ship in international waters off China, at one point coming within 25 feet of the American boat and strewing debris in its path, the Defense Department said Monday. The Obama administration said it would continue naval operations in the South China Sea, most of which [...]