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Saturday, May 28, 2016

Obama mourns dead in Hiroshima, calls for world without nuclear arms

By Minami Funakoshi and Matt Spetalnick

HIROSHIMA, Japan (Reuters) – Barack Obama on Friday became the first incumbent U.S. president to visit Hiroshima, site of the world’s first atomic bombing, in a gesture Tokyo and Washington hope will showcase their alliance and reinvigorate efforts to rid the world of nuclear arms.

Even before it occurred, the visit stirred debate, with critics accusing both sides of having selective memories, and pointing to paradoxes in policies relying on nuclear deterrence while calling for an end to atomic weapons.

The two governments hope Obama’s visit to Hiroshima, where a U.S. atomic bomb killed thousands instantly on Aug.…

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Yellen Says Fed Rate Hike Likely Appropriate In Coming Months

By Jonathan Spicer and Svea Herbst-Bayliss

CAMBRIDGE, Mass. (Reuters) – The Federal Reserve should raise interest rates “in the coming months” if the economy picks up as expected and jobs continue to be generated, U.S. central bank chief Janet Yellen said on Friday, bolstering the case for a rate increase in June or July.

“It’s appropriate … for the Fed to gradually and cautiously increase our overnight interest rate over time, and probably in the coming months such a move would be appropriate,” Yellen said during an appearance at Harvard University.

Her comments, while balanced, suggested the powerful Fed chair is on board with several of her colleagues who in recent weeks have said the central bank is preparing to follow up on an initial policy tightening in December.…

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Trump Rules Out Presidential Debate With Sanders

U.S. Republican presidential candidate Donald Trump on Friday ruled out a one-on-one debate with second-place Democratic hopeful Bernie Sanders, killing off a potentially high-ratings television spectacle.

The suggested debate would have sidelined likely Democratic nominee Hillary Clinton but given Sanders a huge platform ahead of California’s June 7 primary.

A day after saying he would welcome a debate with Sanders, Trump called the idea “inappropriate” because as the Republican presumptive nominee he should only face the Democrats’ final choice.

“I will wait to debate the first place finisher in the Democratic Party, probably Crooked Hillary Clinton,” Trump said in a statement.…

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