USA; Newtown shootings stir gun control debate (Video)

USA; Newtown shootings stir gun control debate (Video)

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Kenyan teachers reach pay deal, end strike

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Kenyan teachers have called off a strike for higher pay that started on September 3 after signing a deal with the government, their union said on Monday. Under the terms of the deal, public school teachers will get a pay rise of 5,250 shillings for the lowest paid, taking their pay to 19,000 shillings a month. The highest paid will get 142,000 shillings a month, a rise of 22,000 shillings. Unions had demanded between 100 and 300 percent pay rises. The deal leaves the government with an extra 20 billion shillings to find in the 2012/13 (July-June) fiscal year. Finance Minister Robinson Githae said he was seeking areas where the funds could be found, including further cuts to ministries' budgets and scrapping development projects scheduled for this fiscal year but yet to start. "If everything else fails, the last resort is we increase tax," he told Reuters, adding he expected concrete proposals by the end of this week. The pay rises will be back-dated to Jul...
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Egypt tells investors it is working to jumpstart economy

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Egypt's prime minister told international investors on Monday that he was working on rapid measures to make Egypt more attractive and get the economy back on track after more than a year and a half of political turmoil. Hisham Kandil also said his government was open to increasing the amount of financial support it was seeking from the International Monetary Fund (IMF). Speaking in a rare hour-long conference call with investors, he said Egypt aimed to quickly wrap up crucial loan talks with the IMF, take tangible measures to get fiscal problems under control and resolve investment disputes. Egypt's government has been on a charm offensive over the last few weeks to lure investors and aid from foreign governments to restart an economy that has grown by an anaemic 2 percent since last year's popular uprising. So far it has attracted billions of dollars in commitments. "We are aiming within three months to create quick wins on the ground," said Kandil, who was nam...
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