In the wake of the latest oil company profit report showing much higher earnings, President Bush on Friday rejected calls in Congress for a tax on oil company profits, saying the industry should reinvest its recent windfalls in finding and producing more energy. "The temptation in Washington is to tax everything," Mr. Bush said in an exchange with reporters in the White House Rose Garden. Rather than for the government to reap the benefit from oil company profits driven by the recent surge in global oil prices, he said, "The answer is for there to be strong re-investment." "These oil prices are a wakeup call," Mr. Bush said. "We're dependent on oil. We need to get off oil." ...
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Editor - 12:43:00 04-28-06
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 Italy's Prodi slips at first parliamentary hurdle |
| Prime-minister-in-waiting Romano Prodi stumbled at his first parliamentary hurdle on Friday, when his center-left candidate failed to secure an absolute majority in a vote for the speaker of the Italian upper h.. full News |
Editor - 10:01:00 04-28-06
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| Cholera kills hundreds in Angola |
| Cholera has killed 900 people in Angola in the past 10 weeks, says aid agency Medecins Sans Frontieres, with 25 dying in a single day this week. Some 20,000 people are infected in several provinces and measures.. full News |
Editor - 09:54:00 04-28-06
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| Mom pleads no contest in breastfeeding death |
| A woman accused of smothering her infant after she drunkenly fell asleep atop the 4-month-old while breastfeeding pleaded no contest Thursday to child neglect resulting in death.Lorinda Hawkins, 28, had been sc.. full News |
Editor - 09:52:00 04-28-06
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| EU warns Serbia on Mladic arrest |
| The EU has warned it will cut off talks on closer ties with Serbia-Montenegro if war crimes suspect Ratko Mladic is not arrested within days. "It is now high time to... locate, arrest and transfer Ratko Mladic .. full News |
Editor - 09:50:00 04-28-06
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| Man cleared after 12 years in jail dies in hit, run DNA testing had exonerated him in murder, sexual assault |
| A man who spent 12 years in prison for murder before new DNA testing exonerated him last year died in a hit-and-run as he walked on the city’s South Side.The vehicle sped away after hitting Dan Young Jr., 45, W.. full News |
Editor - 09:48:00 04-28-06
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