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...most recent Fed data, use of revolving credit, like credit cards, was down 11% from the month before. Non-revolving credit - including loans for cars, boats, mobile homes, education and vacations - was off by 5.3%. The amount of outstanding consumer credit is now about what...
Read "Obama in Dresden: the Non-Controversy Controversy...
...choose which nations hold nuclear weapons. That is why I strongly reaffirmed America's commitment to seek a world in which no nations hold nuclear weapons. And any nation - including Iran - should have the right to access peaceful nuclear power if it complies with its responsibilities under the nuclear Non-Proliferation Treaty. That commitment is at the core of the Treaty, and it must be kept for all who fully abide by it. And I am hopeful that all countries in the region can share in this goal...
...know there are many - Muslim and non-Muslim - who question whether we can forge this new beginning. Some are eager to stoke the flames of division, and to stand in the way of progress. Some suggest that it isn't worth the effort - that we are fated to disagree, and civilizations are doomed to clash. Many more are simply skeptical that real change can occur. There is so much fear, so much mistrust. But if we choose to be bound by the past, we will never move forward. And I want to particularly say this to young people of every...
...million inhabitants approve of U.S. leadership, a sharp contrast to the close cooperation between the two nations' governments. The Saudi kingdom prohibits the study of evolution, Sigmund Freud, Karl Marx, Western music or Western philosophy in its universities, according to the U.S. State Department. The public practice of non-Muslim religions is prohibited, and the Shi'ite minority, which makes up 8% to 10% of the population, faces significant official discrimination...