Free Republic

While speaking with Bloomberg on Thursday, Deputy Treasury Secretary Wally Adeyemo discussed the July CPI report where inflation and core grew by 0.2% in the month, the same rate as the month before and the annual rate increased from 3.0% to 3.2% while annual core inflation dropped from 4.8% in June to 4.7% and said that we’ve seen “prices come down,” and “inflation keeps coming down” from the 9% headline numbers we had a year ago.

WASHINGTON, March 27, 2006 – Partnerships and cooperation with allies and friendly nations are essential for the U.S. to address threats in the global war on terrorism, the deputy defense secretary said here today. The U.S. faces a wider array of threats and a more uncertain future than ever before, and no single country can stand up to these threats and win alone, Gordon England said at the Defense Security Cooperation Agency Worldwide Conference. To meet the diverse security challenges of the future, DoD must strengthen and adapt long-term alliances, as well as form relationships with new international partners, enabling...

Paul Wolfowitz, US deputy secretary of defence, has emerged as a leading candidate to replace James Wolfensohn as the president of the World Bank. Mr Wolfowitz is one of a small number of people being considered for the US nomination, administration insiders said. The nomination of Mr Wolfowitz, one of the chief architects of the Iraq war and a former US ambassador to Indonesia, would likely be highly controversial, and could raise new questions about the process by which the World Bank chief is selected. One administration official said his nomination “would have enormous repercussions within the development community”. Others...