Delegates from China's People's Liberation Army (PLA) march from Tiananmen Square to the Great Hall of the People to attend sessions of National People's Congress and Chinese People's Political Consultative Conference Tuesday in Beijing.
China said Wednesday that it plans to increase defense outlays by more than 12 percent, to nearly $132 billion, this year in the face of what a top military official described as increasingly severe security challenges for Beijing.
Russia's seizure of Ukraine's Crimean Peninsula brought with it threats of U.S. sanctions, but Europe, while condemning President Vladimir Putin's actions, has been more circumspect. Part of the reason: Europe's dependence on Russian money and energy.
"It is a matter of simple economics," Alex Melikishvili, senior Europe/CIS Analyst at IHS Country Risk, said in an email.
He noted that the EU is Russia's main trade partner; bilateral trade is in hundreds of billion of dollars annually, in contrast with much lower U.S.-Russia trade (see chart).
Former IRS official Lois Lerner raises her hand as she's sworn in Wednesday at the start of a House Oversight & Government Reform Committee hearing. She declined to answer questions posed by Chairman Darrell Issa, invoking her Fifth Amendment right.
As she's done before, the woman at the center of the political storm over the Internal Revenue Service's targeting of some conservative groups from 2010 into 2012 invoked her Fifth Amendment right not to answer questions during a brief appearance before a congressional committee on Wednesday.
Originally published on Wed March 5, 2014 11:08 am
Looks like reports of a looming "guacapocalypse" have been vastly overstated.
This morning, guacamole lovers woke to headlines warning that Mexican fast-food chain Chipotle could eventually be forced to drop the dip from its menu, if changing global weather patterns continue to drive volatility in the price of avocados.