Outside View: Too big to fail or too big to fix?

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Outside View

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Outside View: Too big to fail or too big to fix? HARLAN ULLMAN || UPI Outside View Commentator WASHINGTON, June 8 (UPI) -- Too many problems and institutions may be too big to fail. And, as a corollary, are they also paradoxically too big to fix? [ FULL STORY ]

Outside View: Cut trade gap to create jobs PETER MORICI || UPI Outside View Commentator COLLEGE PARK, Md., June 9 (UPI) -- The U.S. Commerce Department reported Thursday the April deficit on international trade in goods and services was $43.7 billion, up from $27.1 billion in when the economic recovery began. [ FULL STORY ]

Special Reports

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Deportees' wives adjust to life in Mexico KELSEY SHEEHY, MEDILL NEWS SERVICE || Written for UPI WASHINGTON, June 8 (UPI) -- When Cheryl Arredondo realized her husband, Salvador, would be deported to Mexico and barred from entering the United States for 10 years, she left her home, business and 19 year-old daughter in Waukegan, Ill., and drove 1,600 miles to Monterrey, Mexico. [ FULL STORY ]

Crocker faces Senate committee PHILLIP SWARTS, MEDILL NEWS SERVICE || Written for UPI WASHINGTON, June 8 (UPI) -- Ryan Crocker went before a U.S. Senate committee Wednesday as part of his nomination process as he looks to become the U.S. ambassador to Afghanistan. [ FULL STORY ]

London examines domestic terror threat LONDON, June 8 (UPI) -- London unveiled a revised strategy aimed at preventing extremist ideology at the community level though critics said the measure isn't good enough. [ FULL STORY ]

Rights groups warn of Kyrgyz violence LONDON, June 8 (UPI) -- Human rights groups Wednesday said failure to address issues remaining from last year's ethnic conflict in Kyrgyzstan could trigger renewed violence. [ FULL STORY ]

U.S. lawmaker blasts Muslim Bros. party WASHINGTON, June 9 (UPI) -- It's "deeply disturbing" that the Egyptian government recognized the Muslim Brotherhood's political party given its radical views, a U.S. lawmaker said. [ FULL STORY ]

Energy Resources

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Arab Spring 'aids Sahara solar power plan' CASABLANCA, Morocco, June 8 (UPI) -- Critics of the Desertec project, a $566 billion scheme to meet Europe's energy needs by generating vast amounts of solar power from the Sahara Desert, say the political upheaval in North Africa has scuppered its short-term prospects. [ FULL STORY ]

Italy, Russia talk on South Stream MOSCOW, June 8 (UPI) -- The South Stream natural gas pipeline for Europe loomed large in discussions among Russian energy company Gazprom and Italian officials, the Russians said. [ FULL STORY ]

U.S. to fund geothermal energy WASHINGTON, June 9 (UPI) -- The availability of $70 million in funding over three years for geothermal energy will help national clean energy goals, the U.S. Energy Department said. [ FULL STORY ]

Deepwater Horizon families could sue WASHINGTON, June 9 (UPI) -- Families of 11 workers killed in last year's Gulf of Mexico oil disaster can seek damages from BP and others involved in the accident, a U.S. Senate bill says. [ FULL STORY ]

Nabucco preferred option for Caspian gas KAYSERI, Turkey, June 8 (UPI) -- The planned Nabucco natural gas pipeline will be the preferred option to transport Caspian gas supplies to Europe, an official said at a ceremony in Turkey. [ FULL STORY ]

Special Reports

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Divisions remain in Kyrgyzstan OSH, Kyrgyzstan, June 9 (UPI) -- Kyrgyzstan struggles to overcome social stigma associated with rape as it recovers from last year's ethnic violence in the country's south, an advocate said. [ FULL STORY ]

'Gang of Six' warns of problems if U.S. deficit continues to balloon KATHERINE SHEPHERD, MEDILL NEWS SERVICE || Written for UPI WASHINGTON, June 8 (UPI) -- A group of U.S. senators is crafting a bipartisan plan to cut $4.7 trillion from the budget deficit over 10 years, two of the group's leaders said Wednesday. [ FULL STORY ]

Tunisian elections set for Oct. 23 TUNIS, Tunisia, June 8 (UPI) -- The Tunisian government said Wednesday it decided to postpone the first post-revolution election to Oct. 23 to ensure transparency. [ FULL STORY ]

S. America volcanic ash still a threat BUENOS AIRES, June 8 (UPI) -- Volcanic ash spewing out of Chilean active volcano Puyehue sparked health and safety alerts across Chile, Argentina, Brazil and Uruguay and possibly other neighboring Latin American countries. [ FULL STORY ]

U.S. wary of Afghan transition plans WASHINGTON, June 9 (UPI) -- The proper transition planning for Afghanistan is needed to prevent donor funding from drying up to the detriment of the country's economy, a U.S. report finds. [ FULL STORY ]

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