If you believe the Uzbek government, today is not a day for love and friendship. Nope.
It is a day to celebrate the Moghul emperor Babur, who celebrates his birthday on Feb. 14. Now this hasn't always been case in the Central Asian country. The BBC reports that in years past, lovers celebrated Valentine's Day by listening to the songs of Rayhan, "a popular singer whose music mixes Eastern melodies with Western pop."
When your products sell for more than $80 million, selling one of them is a big deal. Selling hundreds of them in one deal means they're probably feeling pretty good over at Boeing right now. The aircraft company has finalized a deal to sell 230 jets to Lion Air of Indonesia, with a total list price of $22.4 billion — a record for Chicago-based Boeing.
The deal, which was first announced in November during President Obama's multi-country tour of Asia, includes 201 737 MAX jets and 29 of Boeing's extended range 737-900ERs.
Republicans rarely meet a tax cut that they don't like. Now that they have found one, they are finding it politically impossible to stop it.
On Tuesday, President Obama called on Congress to extend a 2 percentage point reduction in payroll taxes, which fund Social Security. The cut, enacted last year, is otherwise set to expire at the end of the month.
The current cut means a savings of about $20 a week to a worker who earns $50,000 a year and about $2,000 a year to someone making $100,000.
Chinese Vice President Xi Jinping and U.S. Vice President Joe Biden listen to the U.S. national anthem during a welcoming ceremony inside the Great Hall of the People on August 18, 2011 in Beijing, China. Xi Jinping is the designated successor to president Hu Jintao.
Originally published on Tue February 14, 2012 7:04 am
Joseph A. Bosco served in the office of the Secretary of Defense as a China country desk officer and is now a national security consultant.
Chinese leaders announced that Vice President Xi Jinping, the Communist Party's designated successor to Chinese president Hu Jintao, will try to correct "the trust deficit" when he visits Washington this week. Xi told a gathering of Chinese and U.S. officials commemorating the 40th anniversary of Richard Nixon's opening to China that he hoped his visit "can play a positive role in advancing the Sino-U.S. cooperative partnership."