Balanced News Blog

New York could be hit on Friday with its first subway and bus strike in more than 25 years, a walkout that could shut down a system used by an estimated 7 million riders a day.

On the eve of the first parliamentary elections in Iraq, President Bush on Wednesday accepted full responsibility for invading the country on faulty intelligence.

Scientists have slowed down and even stopped the fastest substance in the universe: light. As this ScienCentral News video reports, the research may lead to faster, more powerful computers.

A “DEAD zone” devoid of life has been discovered at the epicentre of last year’s tsunami four kilometres beneath the surface of the Indian Ocean.

Less than two days before nationwide elections, the Iraqi border police seized a tanker on Tuesday that had just crossed from Iran filled with thousands of forged ballots, an official at the Interior Ministry said.

Samsung electronics has announced the mass production of its 900 MHz graphics double data rate 3 (GDDR3) chip, the fastest in the world. The chips which are 50% faster than any other mass-produced chips are currently being used in Graphic cards for PCs, workstations and notebooks.

The Federal Reserve lifted interest rates to the highest level in 4 1/2 years Tuesday but also indicated its 18-month rate-raising campaign was winding down. At least one more increase in borrowing costs seemed in store to keep inflation under control.

Defense contractor General Dynamics Corp. on Wednesday agreed to buy Anteon International Corp. for about $2.1 billion in cash, in a move to expand its technology services to the U.S. government and military.

Brazil has said it plans to pay off its entire $15.5bn (£8.7bn) debt to the International Monetary Fund (IMF) by the end of the month.

The resignation of Diebold Inc. Chief Executive Walden W. O’Dell was cheered on by Wall Street Tuesday as a move seen giving the company a fresh start from leadership marred by controversy.