
Senate cancels vote on doomed auto bailout
(AP)
Wed, 19 Nov 2008 23:17:27 GMT
AP - The Senate's top Democrat has called off a planned vote this week on a $25 billion auto industry bailout. Senate Majority Leader Harry Reid said that he wanted to figure out some way to help Detroit's struggling Big Three but that efforts to do so had stalled.
Dow slips below 8,000 on growing fear of deflation
(AP)
Wed, 19 Nov 2008 23:17:43 GMT
AP - A growing fear of economic deflation helped take the air out of the stock market Wednesday, and another white-knuckle final hour on Wall Street pushed the Dow Jones industrials under 8,000 to their lowest close since the financial meltdown began.
Dem officials: Daschle accepts HHS Cabinet post
(AP)
Wed, 19 Nov 2008 23:17:54 GMT
AP - Former Senate Majority Leader Tom Daschle has accepted President-elect Barack Obama's offer to be Secretary of Health and Human Services, Democratic officials said Wednesday. The appointment has not been announced, but these officials said the job is Daschle's, barring an unforeseen problem as Obama's team reviews the background of the South Dakota Democrat.
Calif. Supreme Court to take up gay marriage ban
(AP)
Wed, 19 Nov 2008 23:19:36 GMT
AP - California's highest court agreed Wednesday to hear several legal challenges to the state's new ban on same-sex marriage but refused to allow gay couples to resume marrying before it rules.
Al-Qaida's No. 2 leader insults Obama with racial epithet
(AP)
Wed, 19 Nov 2008 23:15:41 GMT
AP - Al-Qaida's No. 2 leader used a racial epithet to insult Barack Obama in a message posted Wednesday, describing the president-elect in demeaning terms that imply he does the bidding of whites. The message appeared chiefly aimed at persuading Muslims and Arabs that Obama does not represent a change in U.S. policies.
30-day age limit for Neb. safe-haven law advances
(AP)
Wed, 19 Nov 2008 23:12:11 GMT
AP - A 30-day age limit in the Nebraska safe-haven law appears headed for final approval. The state Legislature voted 41-6 Wednesday to give second-round approval to the limit. A final vote is expected Friday and then the bill will go to Gov. Dave Heineman, who has said he would support a 30-day age limit.
Mammoth task: Scientists map DNA of ancient beast
(AP)
Wed, 19 Nov 2008 23:08:54 GMT
AP - Bringing "Jurassic Park" one step closer to reality, scientists have deciphered much of the genetic code of the woolly mammoth, a feat they say could allow them to recreate the shaggy, prehistoric beast in as little as a decade or two.
Herod may have been buried among lavish artwork
(AP)
Wed, 19 Nov 2008 23:08:43 GMT
AP - King Herod may have been buried in a crypt with lavish Roman-style wall paintings of a kind previously unseen in the Middle East, Israeli archaeologists said Wednesday. The scientists found such paintings and signs of a regal two-story mausoleum, bolstering their conviction that the ancient Jewish monarch was buried there.
Ind. inmates sneak through ceiling to have sex
(AP)
Wed, 19 Nov 2008 20:20:12 GMT AP - Three male and three female inmates at a southern Indiana jail face charges that they devised a way to sneak between cell blocks to help pass their time behind bars by having sex.
Red Sox trade Coco Crisp to Royals for reliever
(AP)
Wed, 19 Nov 2008 23:07:29 GMT
AP - The Kansas City Royals picked up the leadoff hitter they had been seeking, acquiring center fielder Coco Crisp from the Boston Red Sox for reliever Ramon Ramirez on Wednesday. Kansas City was 12th among 14 AL teams in runs last season and added power last month, obtaining first baseman Mike Jacobs from Florida.
Auto execs testify as legislators try for deal
(Reuters)
Wed, 19 Nov 2008 21:32:41 GMT
Reuters - U.S. auto executives went to Capitol Hill for a second day on Wednesday to argue their case for $25 billion in aid as legislators proposed changes to help a bailout pass Congressional and White House muster.
Fed minutes: may need more rate cuts if growth ebbs
(Reuters)
Wed, 19 Nov 2008 20:46:19 GMT
Reuters - Federal Reserve officials slashed economic growth forecasts through 2009 and some believed even deeper interest rate cuts may be needed if growth slows further, minutes of their October policy meeting show.
California court to hear gay marriage ban case
(Reuters)
Wed, 19 Nov 2008 23:03:00 GMT
Reuters - California's Supreme Court on Wednesday agreed to hear a legal challenge against the state's voter-approved ban on gay marriage and let the ban stand until it ruled.
Obama signals priority with Daschle pick
(Reuters)
Wed, 19 Nov 2008 22:08:48 GMT
Reuters - U.S. President-elect Barack Obama selected Tom Daschle, a heavyweight former senator, to be his health secretary on Wednesday, while former President Bill Clinton took steps to help secure his wife the nation's top diplomatic job.
JPMorgan, Citigroup, BofA hit multiyear lows
(Reuters)
Wed, 19 Nov 2008 21:45:18 GMT
Reuters - Shares of JPMorgan Chase & Co , Citigroup Inc and Bank of America Corp tumbled to multiyear lows on Wednesday on expectations that deteriorating credit conditions and a contracting economy will weigh heavily on the three largest U.S. banks.
Consumer prices, home starts plunge in October
(Reuters)
Wed, 19 Nov 2008 21:48:38 GMT
Reuters - Consumer prices fell at a record pace in October and new-home building slumped to fresh lows, according to government reports on Wednesday that suggested the economy likely is already in a recession that may be long and deep.
Bill Clinton offers steps to help wife get State job
(Reuters)
Wed, 19 Nov 2008 15:56:37 GMT
Reuters - Former U.S. President Bill Clinton has offered to allow ethics reviews of future business and charitable activities should his wife be picked by President-elect Barack Obama as secretary of state, Democrats familiar with the issue said on Wednesday.
Housing agency loosens foreclosure aid rules
(Reuters)
Wed, 19 Nov 2008 18:33:19 GMT
Reuters - The U.S. Department of Housing and Urban Development will loosen terms of its foreclosure-prevention effort so that the program, meant to backstop $300 billion in home loans, can be more effective, the agency said on Wednesday.
Indian navy destroys pirate ship as super-tanker ransom demanded
(AFP)
Wed, 19 Nov 2008 20:42:50 GMT
AFP - An Indian warship destroyed a pirate "mother vessel" in the Gulf of Aden, the navy said Wednesday, as bandits demanded a ransom for a Saudi super-tanker seized in the most daring sea raid yet.
Zawahiri warns 'house negro' Obama
(AFP)
Wed, 19 Nov 2008 19:42:32 GMT
AFP - Al-Qaeda number two Ayman Zawahiri ridiculed US president-elect Barack Obama as a "house negro" and warned him against sending more troops to Afghanistan, in an Internet audio message released on Wednesday.
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