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Jul 25, 2011

BLOOMBERG News, Jul 25, 2011

Analysts view: Lawmakers still divided; debt deadline looms
Sun,24 Jul 2011 10:07 PM PDT
Reuters - WASHINGTON (Reuters) - A sharply divided Congress pursued rival budget plans on Sunday that appeared unlikely to win broad support, pushing the United States closer to a debt default that would reverberate around the world. Full Story

Pelosi seeks ethics probe of Oregon Democrat Wu
Sun,24 Jul 2011 09:49 PM PDT
Reuters -
photoWASHINGTON (Reuters) - House of Representatives Democratic leader Nancy Pelosi said she will seek an ethics investigation Monday into sexual misconduct allegations against Representative David Wu.

Eyeing Iowa, Bachmann hits at Pawlenty on credentials
Sun,24 Jul 2011 02:53 PM PDT
Reuters -
photoWASHINGTON (Reuters) - Presidential candidate Michele Bachmann hit back at a Republican rival on Sunday, saying her experience with the conservative Tea Party movement made her uniquely qualified to trim down Washington.

Snapshot: Developments in U.S. debt talks
Sun,24 Jul 2011 10:24 AM PDT
Reuters - WASHINGTON (Reuters) - Here is what is happening on Sunday as lawmakers try to close in on a deal to raise the $14.3 trillion U.S. debt limit by August 2 and avoid a credit default: Full Story

Daley sees a few stressful days for markets
Sun,24 Jul 2011 07:45 AM PDT
Reuters - WASHINGTON (Reuters) - White House Chief of Staff Bill Daley said on Sunday there will be a few stressful days ahead for financial markets but that a U.S. debt deal will ultimately be reached. Full Story

Obama cannot raise debt ceiling on his own: Geithner
Sun,24 Jul 2011 07:10 AM PDT
Reuters -
photoWASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Sunday that after careful review it was not an option for President Barack Obama to raise the debt ceiling on his own by invoking constitutional authority.

House Speaker Boehner: last offer still on table
Sun,24 Jul 2011 06:53 AM PDT
Reuters - WASHINGTON (Reuters) - Republican House of Representatives Speaker John Boehner said on Sunday that he would prefer to unveil a bipartisan deal to raise the debt ceiling and that his last offer to Democratic President Barack Obama was still on the table.Full Story

Senator Coburn says short-term debt deal likely
Sun,24 Jul 2011 06:39 AM PDT
Reuters - WASHINGTON (Reuters) - Republican Senator Tom Coburn said he believes a deal will be struck to raise the debt ceiling for a short amount of time and that President Obama will have no choice but to sign the deal. Full Story

Senior North Korean diplomat set to visit U.S.: Clinton
Sun,24 Jul 2011 05:39 AM PDT
Reuters - SEOUL (Reuters) - A high-ranking North Korean diplomat plans to visit New York later this week for talks with United States officials, U.S. Secretary of State Hillary Clinton said Sunday. Full Story

Insight: Wall Street, companies brace for U.S. default
Sun,24 Jul 2011 05:31 AM PDT
Reuters - NEW YORK, July 22 (Reuters) - American businesses, from Wall Street banks to major industrial corporations, are preparing contingency plans for a pair of once-unthinkable events: the United States defaulting on its debt and the loss of the nation's top AAA credit rating. Full Story

Obama offers condolences to Norway over deaths
Sat,23 Jul 2011 01:17 PM PDT
Reuters -
photoWASHINGTON (Reuters) - President Barack Obama called Norwegian Prime Minister Jens Stoltenberg on Saturday to offer U.S. condolences over the killing of dozens of Norwegians and pledged assistance if needed.

Lawmakers look at $3 trillion-$4 trillion deal: aide
Sat,23 Jul 2011 12:52 PM PDT
Reuters - WASHINGTON (Reuters) - Lawmakers are making a last-ditch effort to put together $3 trillion to $4 trillion in deficit reductions to clear the way to raise the debt limit, a congressional Republican leadership aide told Reuters. Full Story

Boehner says lawmakers seek debt limit solution
Sat,23 Jul 2011 11:39 AM PDT
Reuters -
photoWASHINGTON (Reuters) - House of Representatives Speaker John Boehner said on Saturday he and other congressional leaders are seeking a bipartisan solution to raise the debt limit by an August 2 deadline and avoid a U.S. default.

White House warns Congress not to play politics with debt
Sat,23 Jul 2011 11:16 AM PDT
Reuters -
photoWASHINGTON (Reuters) - President Barack Obama continues to oppose a short-term extension of the country's debt ceiling, which he feels could lead to the U.S. credit rating being downgraded, the White House said on Saturday.

Congress working on new debt legislation: McConnell
Sat,23 Jul 2011 10:11 AM PDT
Reuters -
photoWASHINGTON (Reuters) - Senate Republican leader Mitch McConnell said on Saturday congressional leaders were working on fresh legislation to prevent the United States defaulting on its debt.

Short-term debt plan not being considered: Pelosi
Sat,23 Jul 2011 10:01 AM PDT
Reuters -
photoWASHINGTON (Reuters) - President Barack Obama and congressional leaders are "definitely not" considering a short-term debt limit increase in their weekend negotiations to break an impasse, House of Representatives Democratic leader Nancy Pelosi told reporters on Saturday.

Debt talks meeting ends at White House: official
Sat,23 Jul 2011 09:27 AM PDT
Reuters - WASHINGTON (Reuters) - Debt talks between President Barack Obama and congressional leaders on Saturday have ended, a White House official said. Full Story

U.S. wastes $34 billion in Afghan and Iraq contracting
Sat,23 Jul 2011 09:04 AM PDT
Reuters - WASHINGTON (Reuters) - The United States has wasted some $34 billion on service contracts with the private sector in the wars in Iraq and Afghanistan, according to a study being finalized for Congress. Full Story

Factbox: How the Obama/Boehner debt talks unraveled
Sat,23 Jul 2011 08:32 AM PDT
Reuters - WASHINGTON (Reuters) - President Barack Obama and House Speaker John Boehner had agreed on the rough outlines of a far-reaching budget deal that would allow the United States to avert an imminent default before Boehner broke off talks on Friday. Full Story

Boehner to insist on deep cuts for debt increase
Sat,23 Jul 2011 07:19 AM PDT
Reuters -
photoWASHINGTON (Reuters) - House Speaker John Boehner will stick to his demand for spending cuts greater than the size of an increase in the U.S. debt limit at an 11 a.m. EDT meeting with President Barack Obama on Saturday.

U.S. calls for more clarity on South China Sea claims
Fri,22 Jul 2011 10:26 PM PDT
Reuters -
photoNUSA DUA, Indonesia (Reuters) - The United States called on Saturday on rivals in the disputed South China Sea to back up territorial claims with legal evidence -- a challenge to China's declaration of sovereignty over vast stretches of the region.

U.S. calls for more clarity on South China Sea claims
Fri,22 Jul 2011 09:22 PM PDT
Reuters - NUSA DUA, Indonesia (Reuters) - Secretary of State Hillary Clinton on Saturday calledon rivals in the disputed South China Sea to back up territorial claims with legal evidence -- a challenge to China's declaration of sovereignty over vast stretches of the region. Full Story

Sen. Reid won't agree to short budget deal: aide
Fri,22 Jul 2011 05:17 PM PDT
Reuters - WASHINGTON (Reuters) - Senate Majority Leader Harry Reid is not interested in negotiating a short-term deficit-reduction and debt limit extension deal and wants a long-term package, Reid spokesman Adam Jentleson told Reuters. Full Story

Court shoots down SEC shareholder election rule
Fri,22 Jul 2011 03:22 PM PDT
Reuters -
photoWASHINGTON (Reuters) - An appeals court has rejected a new Securities and Exchange Commission rule intended to make it easier for shareholders to nominate directors to corporate boards.

Republican Party makes big gains among whites
Fri,22 Jul 2011 01:41 PM PDT
Reuters - WASHINGTON (Reuters) - The Republican Party has made big gains among white voters, particularly younger and poorer ones, since Democrat Barack Obama was elected president in 2008, according to a survey released on Friday. Full Story

Leon Panetta says no "blank check" for Pentagon spending
Fri,22 Jul 2011 01:19 PM PDT
Reuters - WASHINGTON (Reuters) - Defense Secretary Leon Panetta pledged on Friday the Pentagon "will not break faith" with men and women in uniform as it deals with the challenge of cutting hundreds of billions of dollars in military spending. Full Story

U.S. delays final report on BP oil spill probe
Fri,22 Jul 2011 12:14 PM PDT
Reuters -
photoWASHINGTON (Reuters) - A U.S. team probing the causes of last year's massive BP oil spill has delayed the release of its final report in order to more fully weigh the evidence, investigators said on Friday.

Jon Huntsman plans more aggressive race
Fri,22 Jul 2011 12:13 PM PDT
Reuters -
photoWASHINGTON (Reuters) - Republican Jon Huntsman plans a more aggressive approach on the 2012 campaign trail, boosting his profile and drawing sharper distinctions with rivals in an effort to enliven his sagging presidential bid.

Wall Street still gives big cash to Obama
Fri,22 Jul 2011 10:30 AM PDT
Reuters -
photoWASHINGTON (Reuters) - Despite howls of protests from many on Wall Street over some of President Barack Obama's policies, financial sector employees are giving at a greater rate to his re-election bid than during his last campaign.

Factbox: Top budgetary threats to state, local governments
Fri,22 Jul 2011 10:07 AM PDT
Reuters - WASHINGTON (Reuters) - The recession that began in 2007 created budget emergencies in most U.S. states and many cities and counties, casting a harsh spotlight on long-standing fiscal problems. Full Story

Pentagon and its supporters brace for deeper cuts
Thu,21 Jul 2011 10:01 PM PDT
Reuters - WASHINGTON (Reuters) - The Pentagon and its supporters are bracing for the likelihood of much deeper reductions in the U.S. military's budget, as budget negotiators now eye defense cuts of $800 billion or more over the next decade. Full Story

House passes bill aimed at new consumer agency
Thu,21 Jul 2011 06:44 PM PDT
Reuters - WASHINGTON (Reuters) - Republicans in the House of Representatives marked the anniversary of the 2010 financial oversight law on Thursday by passing legislation aimed at scaling back the powers of the new Consumer Financial Protection Bureau. Full Story

USTR says deal needed before sending trade pacts
Thu,21 Jul 2011 04:54 PM PDT
Reuters - WASHINGTON (Reuters) - President Barack Obama's administration on Thursday fended off Republican demands that it send three long-delayed free trade pacts to Congress for approval, saying it first needed more assurance that a retraining program for displaced workers will be extended. Full Story

White House insists debt deal to include revenues
Thu,21 Jul 2011 12:39 PM PDT
Reuters - WASHINGTON (Reuters) - The White House stressed on Thursday that President Barack Obama is seeking a deficit-cutting agreement that includes some added revenues alongside spending curbs in order to raise the debt ceiling. Full Story

Huntsman campaign manager quits 2012 White House bid
Thu,21 Jul 2011 12:02 PM PDT
Reuters -
photoWASHINGTON (Reuters) - Republican presidential contender Jon Huntsman's campaign manager resigned Thursday in a blow to an election effort that has failed to catch fire.

Factbox: Texas Governor Rick Perry
Thu,21 Jul 2011 10:48 AM PDT
Reuters - (Reuters) - Texas Governor Rick Perry appears likely to make a 2012 Republican presidential run, and his candidacy could dramatically shake up the field. Full Story

Analysis: Perry candidacy would reshape 2012 race
Thu,21 Jul 2011 10:48 AM PDT
Reuters -
photoWASHINGTON (Reuters) - The likely entrance of Texas Governor Rick Perry in the 2012 Republican White House race promises to dramatically reshape the field, pushing aside lesser contenders and threatening early leader Mitt Romney.

White House sees momentum on debt deal, but "not close"
Thu,21 Jul 2011 10:37 AM PDT
Reuters - WASHINGTON (Reuters) - The White House said on Thursday it saw momentum for a "balanced" deficit deal, but it denied reports that President Barack Obama and Republican House of Representatives speaker John Boehner were close to a pact. Full Story

White House sees momentum toward "balanced" debt deal
Thu,21 Jul 2011 10:20 AM PDT
Reuters - WASHINGTON (Reuters) - The White House said on Thursday there was momentum behind the idea of a balanced approach to a "significant agreement" on debt and deficits. Full Story

Snapshot: Developments in U.S. debt talks
Thu,21 Jul 2011 09:55 AM PDT
Reuters - WASHINGTON (Reuters) - Here is what's happening on Thursday in negotiations to raise the U.S. government's $14.3 trillion debt limit by August 2 and avoid a U.S. credit default: Full Story

CELEBRITY Gossip News, Jul 25, 2011

British singer Amy Winehouse arrives at the City of Westminster Magistrates Court in central London in this March 17, 2009 file photo. Winehouse has been found dead at her home in north London, Sky News reported on July 23, 2011. REUTERS/Kieran Doherty/Files

Celebrity photos: July 25, 2011

Page Six
https://pagesix.com › 2011/07/25 › celebrity-photos-j...
Jul 25, 2011Celebrity photos: July 25, 2011. By Page Six Team ... Week's best celebrity photos · Week's best celebrity photos 53. New York Post.

The Painful Consequences of a Debt Ceiling Increase - Money Morning

BY LARRY D. SPEARS, Contributing Writer, Money Morning
Failure to reach a compromise on a U.S. debt ceiling increase could result in an unmitigated economic disaster - one so unprecedented government and private analysts can't even accurately pinpoint all the potential consequences.

To avert this crisis, U.S. President Barack Obama wants a debt ceiling increase of $2 trillion, which analysts say would carry the country through the end of 2012. The president has moved the deadline for reaching an agreement up to July 22.

President Obama said the time cushion was needed to prevent a last-minute panic by the financial and debt markets that could 'potentially create another recession' - panicking investors and possibly causing an economic meltdown even worse than the one in 2008."

LIFESTYLE News, Jul 25, 2011


Jessica Zafra: Notes on the Death of Amy Winehouse
InterAksyon Sun, 24 Jul 2011 23:06 PM PDT
Despite what we'd heard about her lifestyle we were still shocked to hear of her death. Why, when the media had been on an Amy Winehouse deathwatch for years? Perhaps we were hoping that because she was a genuine talent she would be spared the cliche ending. That she would survive her own excesses and hang around to laugh in her detractors' faces - looking 100 years old at age 50 but with more ...
Entertainment / Lifestyle
Malaysian Digest Sun, 24 Jul 2011 23:04 PM PDT
Do you feel that the government have been overspending on defense equipments?
City Press reveals secret Malema trust
The Namibian Sun, 24 Jul 2011 23:00 PM PDT
JOHANNESBURG Ã¢ ANC Youth League leader Julius Malema is the sole trustee of a secret family trust, registered in the name of his five-year-old son, which he allegedly uses to finance his lavish lifestyle, City Press reported yesterday.
New Recordings
The Philadelphia Inquirer Sun, 24 Jul 2011 22:13 PM PDT
Pop It's easy to understand why the haters attack Theophilus London. Even before this, his first album, arrived, the young hip-pop New Yorker garnered endorsements from upscale brands such as Bushmills and Cole Haan. He's been featured in fashion and lifestyle mags for his retro look (on the cover of Timez Are Weird These Days, he mimics the pose from a 1982 album by obscure Motown songwriter ...
New property perspective
The Malay Mail Sun, 24 Jul 2011 22:08 PM PDT
LBS Bina Group to extend portfolio to include high-end housing Monday, July 25th, 2011 12:22:00 PETALING JAYA: As part of LBS Bina Group Berhad's long-term objective to become an internationally-recognised developer as well as to build and inspire lifestyle spaces that enhances community living, the local property developer recently launched a brand new image, identity and direction. Related to ...
Malema has 'secret fund'
IAfrica South African Business News Sun, 24 Jul 2011 21:41 PM PDT
A secret family trust allows ANCYL leader Julius Malema to sustain his lavish lifestyle, the City Press reported on Sunday.
Depression On The Rise In Modern Lifestyle
Bernama Sun, 24 Jul 2011 21:26 PM PDT
KUALA LUMPUR, July 25 (Bernama) -- Many famous personalities like former United States' presidents Abraham Lincoln and Theodore Roosevelt have experienced it.
Mail Expose: Skype sex wife
The Malay Mail Sun, 24 Jul 2011 21:25 PM PDT
Woman forced to entertain men while hubby watched it âliveâ on webcam Monday, July 25th, 2011 11:02:00 PETALING JAYA: The Malay Mail exposes a VERY secretive and hidden lifestyle of a woman allegedly forced by her bank telemarketer husband to engage in sexual encounters with at least a dozen strangers in hotels while he watched and recorded the acts on his webcam at home.
Amy Winehouse Through The Years
KSBW Salinas Sun, 24 Jul 2011 21:20 PM PDT
Amy Winehouse rocketed to fame as a new soul singer, but herlifestyle put her on a downward spiral. Take a look at her life in images.
HuffPo Explains How Amy Winehouse's Death Can Help Your Small Business [Wtf]
Gawker Sun, 24 Jul 2011 21:06 PM PDT
# wtf Huffington Post Business blogger Tricia Fox posted a think-piece on the death of Amy Winehouse. Fox makes it clear from the start that she has no intention of "judging" Winehouse or "picking apart her chosen lifestyle." (Pro tip: You need an open mind to get ahead in the business world.) Rather, Fox's only intention is to highlight what you, the small business owner, can learn from her ...


HEALTH News, Jul 25, 2011

Research shows Cowley among least healthy counties in Kansas
The Arkansas City Traveler Sun, 24 Jul 2011 22:46 PM PDT
Cowley County is not very healthy Ã¢ and the numbers prove it. Research into health-related behaviors and outcomes shows that Cowley County is among the least healthy counties in Kansas.
Statistics help tell story of teen suicide in the north valley
Oroville Mercury-Register Sun, 24 Jul 2011 22:45 PM PDT
In Butte County, 10 young people between the ages of 12 and 17 died by suicide from 1991 to 2009, according to data from the state Department of Public Health.
Pressures can lead to depression
Oroville Mercury-Register Sun, 24 Jul 2011 22:45 PM PDT
CHICO â Many teenagers feel stressed by the high expectations their parents and others may have of them, said Cindy McDermott, a supervisor with the crisis program of the Butte County Department of Behavioral Health.
Abington Memorial, Independence Blue Cross sign new contract
North Penn Life Sun, 24 Jul 2011 22:44 PM PDT
Independence Blue Cross members who seek health care at Abington Memorial Hospital and its affiliates â including Lansdale Hospital â are unlikely to notice a difference, but the hospital system and major insurer have inked a new three-year contract.
Malloy names first 6 higher ed board regents
Journal Inquirer Sun, 24 Jul 2011 22:42 PM PDT
HARTFORD Ã¢ A former university president, a corporate lawyer, a hospital vice president, and the leader of a health care management company have been named among the first members of Connecticutâs new higher education oversight board.
Beckton student teaches in Zambia
Newham Recorder Sun, 24 Jul 2011 22:39 PM PDT
Beckton student Patricia Okello is about to embark on a three month volunteering stint in Africa to teach young people about the importance of sexual health and how to avoid contracting the HIV virus.
R.I. has loan deal for nursing students
Boston Globe Sun, 24 Jul 2011 22:38 PM PDT
Rhode Island will offer aspiring nurses zero-interest student loans if they agree to work in the state for a time after graduation. Governor LincolnChafee plans to announce the initiative tomorrow. It is designed to address a projected shortage of nurses. To qualify, nursing students would have to work at a hospital or other health care facility in the state. ...
Local health department to focus on obesity
Grand Island Independent Sun, 24 Jul 2011 22:33 PM PDT
The Central District Health Department will focus on obesity during the upcoming year after surveys in Hall, Hamilton and Merrick counties showed obesity as a common concern.
CDC: Chickenpox deaths plummeted since vaccine
seattlepi.com Sun, 24 Jul 2011 22:30 PM PDT
share: digg facebook twitter ATLANTA (AP) â Chickenpox vaccine has dramatically cut deaths from the disease, especially in children, says a new government study proclaiming an important public health victory. Researchers from the Centers for Disease Control and Prevention found that chickenpox deaths fell from an average of 105 per year to 14 after the vaccine had been available for a dozen ...
Abington Memorial and Independence Blue Cross sign new contract
The Ambler Gazette Sun, 24 Jul 2011 22:29 PM PDT
Independence Blue Cross members who seek health care at Abington Memorial Hospital and its affiliates are unlikely to notice a difference, but the hospital system and major insurer have inked a new three-year contract.

BARACK OBAMA News, Jul 25, 2011

Obama's attempts at compromise fail
Guelph Mercury Sun, 24 Jul 2011 21:10 PM PDT
WASHINGTON Ã¢ Barack Obama took office vowing to usher in a post-partisan era that would drain the toxic anger of the George W. Bush years and focus the country on practical, long-overdue reforms. Like Bush, he was no doubt sincere in wanting to unite the country. Unlike Bush, he has governed in a manner largely consistent with that ideal.
Oil lower on US debt concerns
Channel NewsAsia Sun, 24 Jul 2011 21:10 PM PDT
SINGAPORE: Oil fell in Asian trade Monday on concerns over a possible US default if President Barack Obama and lawmakers fail to reach a deal to raise the country's debt ceiling, analysts said.
House panel cuts $32M from catch share funds
Gloucester Daily Times Sun, 24 Jul 2011 21:09 PM PDT
A key U.S. House committee's decision 10 days ago to cut $32 million from the Obama administration's funding request to further expand NOAA's fishery catch-share system â essentially converting wild fish stocks and fishermen's catch quotas into investor-ready commodities â is renewing a fierce ideological and political battle.
Obama cancels fundraisers amid debt negotiations
CNN Political Ticker Sun, 24 Jul 2011 21:06 PM PDT
Washington (CNN) - A campaign official for President Barack Obamatells CNN the president has cancelled two political fundraising appearances...
Bachmann Says Pawlenty Is Presidential
The Atlantic Wire via Yahoo! News Sun, 24 Jul 2011 21:02 PM PDT
The fighting Minnesotans just never stop. Michele Bachmann fired back at her arch nemesis Tim Pawlenty Sunday. After Pawlenty subtly hinted she was unfit to serve because of her migraines, the ball was left in her court to respond. A spokesman for Bachmann compared Pawlenty's policies to President Obama's in a statement, Politico reports. ...
Obama extends condolences to Norway over bombing
WQOW Eau Claire Sun, 24 Jul 2011 21:00 PM PDT
President Barack Obama says a bombing that killed at least seven people in Oslo, Norway, is a reminder that the world has a role in stopping such terror from happening. He also expressed his condolences to Norway's people.
Painful portrait emerges
Fort Wayne Journal Gazette Sun, 24 Jul 2011 20:54 PM PDT
Barack Obama Sr. married four times, but the most important woman in his sadly troubled life was a middle-aged American literacy teacher, Elizabeth "Betty" Mooney, who hired the young Kenyan as her Nairobisecretary in 1958 and soon sponsored - and helped fund - his dream of attending college in the United States.
US debt crisis threatens global markets as Congress is locked in blame game
Guardian Unlimited Sun, 24 Jul 2011 20:50 PM PDT
Congressional talks fail to make progress after Obama's fall-out with House leader John Boehner Democrats and Republicans are locked into a dangerous game of seeing who will crack first over the national debt crisis, with the White House warning that the next few days could be stressful for world markets and Americans. With time running out, congressional leaders from both sides met on Saturday ...
Democrats, Republicans Pursue Separate Debt Ceiling Plans After Weekend Standoff
ABC News Sun, 24 Jul 2011 20:46 PM PDT
ABC News' Jonathan Karl (@jonkarl) After a weekend of fitful, hurried back-and-forth between House Republicans, President Obama and Congressional Democrats, Democrats and Republicans are now pursuing separate plans to rasie the debt ceiling. But for all the sound and fury...
Ari Melber: On the Compromiser-in-Chief and Elizabeth Drew's Article
The Huffington Post Sun, 24 Jul 2011 20:45 PM PDT
Originally published at The Nation. "Iâve never won a tough election," concedes Paul Krugman, "but neither has Obama!"  The Nobel Prize-winning economist is fuming about...