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Sony Faces Huge Loss Over Decision To Pull Controversial Film

Posted On December 18, 2014

(Undated) -- Sony will likely take a major financial hit over its decision not to release its controversial comedy "The Interview" next week. The studio announced the move yesterday after major theater chains dropped the film citing a terror threat posted by hackers. Sony's stock price has already fallen seven percent this month and "Forbes"…

Iraq Gets One Year Off Making Reparations

Posted On December 18, 2014

(Geneva) -- The United Nations is letting Iraq skip a year of Gulf War reparation payments. The United Nations Gulf War compensation body agreed Thursday to postpone Iraq's payment for a year due to budgetary problems and low oil prices. Iraq is required to deposit five percent of its oil revenues as part of four-point-six-billion…

Colin Powell Supports Move To Mend Relations With Cuba

Posted On December 18, 2014

(Undated) -- Former U.S. Secretary of State Colin Powell is throwing his support behind President Obama's decision to mend relations with Cuba. Powell tells "CBS This Morning" it's time to move on.   Powell adds that sanctions against Cuba won't be lifted any time soon. He believes this can be a positive step for a…

Putin Tries To Reassure Russians About Sliding Economy

Posted On December 18, 2014

(Moscow) -- Russian President Vladimir Putin is trying to reassure Russians that the ruble will be able to make a rebound from its recent collapse. Putin made the statement earlier today during his annual press conference in Moscow. The Russian ruble has tumbled nearly 50-percent against the dollar this year due to Western sanctions imposed…

Senator Cruz Says Cuba Is Still America’s Enemy

Posted On December 18, 2014

(Washington, DC) -- U.S. Senator Ted Cruz says President Obama's decision to start normalizing relations with Cuba is a "tragic mistake."   Speaking on Fox News, the Texas Republican said the President has followed the same pattern of appeasement with Russia and Iran which puts the U.S. in a "position of weakness" in negotiating. Cruz…