Connect to share and comment

CBO slightly lowers U.S. deficit estimates as health subsidies fall

By David Lawder and David Morgan WASHINGTON (Reuters) - Health insurance subsidies under the Affordable Care Act will cost slightly less than previously thought, helping to slow down the forecast growth of U.S. deficits over the next decade, the Congressional Budget Office said on Monday.

Bank study says economic cost of weather catastrophes is under-appreciated

OTTAWA - As a return on investment, Duff's Ditch has been a spectacular success. Manitoba's Red River Floodway, built by premier Duff Roblin for just under $63 million in the mid-1960s with the federal government covering 60 per cent of the cost, has spared the city of Winnipeg an estimated $30 billion in flood damages in the nearly half century since it was completed in 1968. Now, with severe weather events becoming increasingly frequent and costly, economists are urging government policy-makers to consider the long-term benefits of major infrastructure investments.

Americas News Agenda for April 15

Duty Editor: Stephanie Griffith Tel: +1 202 414 0541 What's happening in the Americas on Tuesday: + Boston marks year since marathon attack + Yahoo releases earnings

Google buys Titan Aerospace, maker of atmospheric satellites

NEW YORK, N.Y. - Google has bought Titan Aerospace, a maker of solar-powered drones, saying it could help bring Internet access to remote parts of the world as well as solve other problems. Financial terms were not disclosed. Google Inc. said Monday that atmospheric satellites could also be used in disaster relief and assessing environmental damage.

Militants close dam as Iraq violence kills 15

Militants have closed all gates of a Euphrates River dam they control in Iraq, blocking a major water source, a minister said on Monday, while violence killed 15 people. The latest unrest comes amid a protracted surge in nationwide bloodshed that has claimed more than 2,550 lives so far this year and sparked fears of Iraq slipping back into the all-out sectarian killings of 2006 and 2007.

Google buys solar-powered drone maker Titan Aerospace

Google Monday announced that it is acquiring Titan Aerospace, a maker of solar-powered drones that could be used to boost Internet access to remote areas. "It's still early days, but atmospheric satellites could help bring Internet access to millions of people, and help solve other problems, including disaster relief and environmental damage like deforestation," said a Google spokesman in an email to AFP. "It's why we're so excited to welcome Titan Aerospace to the Google family." Google did not release the financial terms of the transaction.

Responders fight to control outbreaks in killer Chilean blaze

Emergency responders struggled Monday with outbreaks from a deadly blaze that tore through parts of an historic Chilean port city, as authorities hoped to have control of the flames in two to three days. The Valparaiso fire, still burning amid strong winds, has killed 12 people and is being battled with the help of 11 helicopters, six planes and 2,000 police and military troops. Authorities say they aim to have control of the fire in the next 48 to 72 hours and then begin damage assessment and reconstruction.

Philippine leader receives draft law for Muslim self-rule

Philippine President Benigno Aquino on Monday formally received a draft law representing a crucial step towards the creation of an autonomous area for the country's Muslim minority, following a historic peace deal. Aquino received the Bangsamoro Basic Law from a special transition committee headed by representatives of the Moro Islamic Liberation Front (MILF), once the main Muslim rebel group in the majority-Catholic Philippines, his aides said.

Philippine leader receives draft law for Muslim self-rule

Philippine President Benigno Aquino on Monday formally received a draft law representing a crucial step towards the creation of an autonomous area for the country's Muslim minority, following a historic peace deal. Aquino received the Bangsamoro Basic Law from a special transition committee headed by representatives of the Moro Islamic Liberation Front (MILF), once the main Muslim rebel group in the majority-Catholic Philippines, his aides said.

Syria troops retake Christian town of Maalula

Syrian regime troops retook the ancient Christian town of Maalula on Monday, a day after President Bashar al-Assad said the conflict was turning in his government's favour. "The army has taken full control of Maalula and restored security and stability. Terrorism has been defeated in Qalamun," a security official told AFP, referring to the region in which Maalula is located. "This operation comes in the context of the capture of Qalamun. A large number of terrorists were killed and others who fled are being pursued," added the official, who asked not to be named.
Syndicate content