1. Friends?

    U.S.-Russia Trade Ties to Improve

    Russian President Vladimir Putin (L) welcomes Secretary of State Hillary Rodham during the Asia-Pacific Economic Cooperation (APEC) Summit in Russia's far eastern port city Vladivostok on September 8, 2012. AFP PHOTO / POOL        (Photo credit should read MIKHAIL METZEL/AFP/GettyImages)

    Mikhail Metzel / AFP-Getty Images

    Looks like the Cold War is finally over. At the Asia-Pacific Economic Cooperation summit in Russia on Saturday, U.S. Secretary of State Hillary Clinton said that the White House wishes to normalize trade operations with Russia by ending Cold War–era legislation that limits economic interaction between the countries. Clinton claims the U.S. Congress is working to get legislation passed this month to terminate the application of the 1974 Jackson-Vanik Amendment, which severely limits U.S. companies' ability to trade with Russia. At the summit, Vladimir Putin also campaigned for better ties, saying that working against protectionism will improve the global economy.

    Read it at BBC News