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A youth was bludgeoned to death by his friends after he harassed them to give him some money. Krishna alias Kanchi, 25, a native of Nanjangud, was working in a hotel in Upparpet area.
The crisis is testing President Barack Obama as he seeks toimprove U.S. relations with Latin America, where a growing blocof leftist leaders that includes Zelaya has challengedWashington's influence in recent years. Obama has already cut $16.5 million in military aid toHonduras but has let Arias and the Organization of AmericanStates take the lead on diplomatic efforts to end the crisis. to restore theconstitutional order in the country, and we want to see thathappen now," he said. The government that took power when Zelaya was toppled hasnot been recognized by any other country, but it refuses toallow his return to power and vows to arrest him on arrival.
"We're in constant contact with a number of countries inthe hemisphere regarding the situation in Honduras, and webelieve the Arias mediation is the right way to go, and thetime is now to ... resolve this issue," State Department deputyspokesman Robert A Wood told reporters "We think that this is the best (way) ... Talks mediated by Costa Rican President Oscar Ariascollapsed over the weekend but he hopes to bring both sidesback to the negotiating table on Wednesday. The U.S. government threw its weight behind Arias' proposalthat Zelaya, who was toppled in a June 28 coup, be reinstatedto set up a coalition government. With negotiations deadlocked and Zelaya vowing to return toHonduras within days, some fear Central America's worst crisissince the end of the Cold War could flare into violence.
wants a deal "now" * Zelaya says de facto government will have to back down * Mediator pushing for new round of talks on Wednesday By Simon Gardner TEGUCIGALPA, July 21 (Reuters) - The United States andEurope stepped up pressure on Honduras' de facto government onTuesday as deposed President Manuel Zelaya and his supporterscalled on Washington to pave the way for his return. (For full coverage of Honduras, click on [ID:nN28343997]) Bonds | Brazil * U.S. Frank also said a bill on OTC derivatives regulation wouldbe an issue for Congress to deal with "in the fall." (Reporting by Kevin Drawbaugh; Editing by Diane Craft) Regulatory News Funds News ETFs News. But that's where we are, yes," Frank said, echoingcomments from earlier in the day by Representative CollinPeterson, chairman of the House Agriculture Committee. In addition, he said that upcoming legislation onregulating over-the-counter derivatives markets would probablycontain a provision to ban "naked" credit default swaps "That's our current inclination There's some opposition tothat ...
"There are a lot of statutory mandates that people have torely on credit rating agencies They're going to all berepealed," he said. So we have to give a little moreattention to that," Frank said. He added that it was "overwhelmingly likely" that a billwill be offered in Congress to repeal legal requirements thatnow require usage of the services of credit ratings agencies. The panel also postponed until next week a session that hadbeen scheduled for Thursday to draft and vote on anadministration measure to curb executive compensation.
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