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Cut to the News

 

Thursday, October 22, 2009                             Make us your homepage

Top Breaking News

This Morning's Cut
Leading The News

Pay Czar to Slash Compensation . . . Feinberg will cut in half pay for 175 employees at firms receiving large sums of federal aid. Wall Street Journal

Iran Deal Would Slow Program . . . Would delay the ability to build a nuclear weapon for about a year. New York Times

Drought Pushes 23M Africans Near Starvation . . . Nearly four million are in Kenya alone, where one in ten are surviving on emergency rations. The Times (UK)

Politics

politicSenate Breaks 'Doc Fix' . . . Thirteen Democrats joined Republicans in rejecting a $245 billion plan to prevent cuts in payments to Medicare doctors.
Christian Science Monitor

Obama Fox Hunt Could Backfire . . . Even allies believe attack on news channel it may only help Fox News's ratings and diminish the president. Kansas City Star

White House Accused of Making 'Enemies List' . . . Sen. Lamar Alexander (R-Tenn.) says attacks on Fox, Chamber of Commerce are Nixonian. Washington Times

Lessons of Mass. Health Reform . . . More residents now have insurance, but healthcare costs have not come down.
Christian Science Monitor

Cheney to Obama: 'Stop Dithering' . . . Says Bush White House presented Obama with a review but was asked to keep it quiet.
The Independent

National Security

Terror Suspects Inept But Serious . . . The two men were hapless would-be terrorists rejected by the Taliban, but their intentions were deadly serious.
Boston Globe

Biden Wins Polish OK for New Missile Plan . . . Warsaw's acceptance was considered critical to Obama's truncated defense plan. Washington Times

Israel and Iran Hold Secret Nuclear Talks . . . Cairo meeting between Israeli and Iranian officials was the first of its kind since the fall of the Shah in 1979. Haaretz

China Expands U.S. Cyberspying . . . Example: Beijing-sponsored carefully orchestrated campaign against a U.S. company. Wall Street Journal

Money

Recovery Signs Don't Extend to Jobs . . . Areas continue to see their economies improve, but employers across the country remain skittish about hiring.
Wall Street Journal

Windows 7 Keeps the Good, Tries to Fix Flaws . . . Windows 7 comes out today. And the programmers at Microsoft must be high-fiving. New York Times

Hedge Fund Shutting Down . . . Galleon Group founder Raj Rajaratnam's plans to wind down his hedge funds as he faces inside-trading charges. USA Today

Slump Hits Howard Hughes's Heirs . . . Hopes for a last, big payday may be disappointed, as housing bust has decimated the late mogul's holdings. Wall Street Journal

Vatican Gives Marx the Thumbs Up . . . Hailed for highlighting "social alienation" felt by many in system "geared towards accumulating wealth. The Times (UK)

International

Senior Pakistan Soldier Killed . . . Pakistani Taliban say the whole country is a war zone as they kill soldiers in a drive by shooting in an Islamabad suburb.
Daily Telegraph

Violence Rampant in Rio . . . Gang warfare has left 33 dead since Saturday in the city chosen to host the 2016 Olympics.
Los Angeles Times

Polanski May Return to U.S. Voluntarily . . . Lawyer suggests director may not fight extradition after Swiss court rejects application to be released. Daily Telegraph

Nurse's Aide Becomes a King . . . Ugandan inherits royal title and works in the U.S. until his "great moment" arrives.
Associated Press

Kundera Was a Czech Police Informant . . . Anti-communist author accused of denouncing a Western spy to the secret police during his student days. Daily Telegraph

You Must Also Know . . .

Retrial for Travolta Bribery Case . . . Mistrial in Bahamas case of two people accused of blackmailing John Travolta over son's death. BBC

Significant Shortfall of H1N1 Vaccine . . . Amont available is 25 percent less than forecast.
Washington Times

Death at the Sweat Lodge . . . Details emerge from a “spiritual warrior” experience in Arizona that has drawn scrutiny after three people died. New York Times

New Diet Pills in the Pipeline . . . Three prescription drugs may soon help the obese. USA Today

The Girl Who Got Away . . . In 1985, Opal Horton escaped from Brian Dugan, who abducted and killed her friend. But she did not escape unscathed. Chicago Tribune

Markets >> to the minute

Watch the Dow(^DJI), S&P 500 (^GSPC), NASDAQ (^IXIC), Europe (^STOXX), the Nikkei (^N225), and the ten-year Treasury (^TNX).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Today's Quote

"Yeah, that's the ticket. We won't build a single nuclear weapon. You have our solemn word as members of the brotherhood of lunatics."

- Iranian President Mahmoud Ahmadinejad

A note from our attorneys:
This is not a real quote.

Guilty Pleasures

Sexy Bernie
Suit says his New York headquarters featured vast quantities of cocaine and drug-fueled parties with topless waitresses.
USA Today

Newspaper Seeks Marijuana Critic
Denver newspaper is advertising for a marijuana critic to review Colorado's hundreds of legalized cannabis dispensaries. May be a chance to double as a food critic.
The Independent

 

Top Sports

Phillies Back in the World Series
Another exhibition of brutish strength in the form of a 10-4 victory over a Dodgers team that looked as if it knew it was beaten.
Philadelphia Inquirer

Ghosts of 2008 Drive Texas
As No. 3 Texas continues its toughest stretch, the Longhorns believe they are better prepared given the lessons learned from 2008.
USA Today

 

BLOG

The Read on the news

Obama's Health Care Gamble

President Barack Obama's health care overhaul initiative, now in the endgame on Capitol Hill, may imperil his reelection effort and Democratic control of Congress if it passes. Health reform, in the way it's being done, is a big, bad turnoff to large swaths of voters he and the Democrats need.

Lets start with seniors. To pay for its proposal, the most moderate of the bills - that of the Senate Finance Committee - slashes billions from Medicare. The administration calls this wasteful Medicare spending. Of course, not everyone agrees. Some seniors will not like the cuts, and Republicans will be there to tell them why they shouldn't.

But even if Obama is right about the programs he is reducing, Medicare is going broke. If "wasteful" cuts are used to help pay for health reform, there's fewer spending reductions left to help save the program.

Obama's Gamble, cont'd

The Latest Polls

Will You Get the Swine Flu Vaccine?

No: 62 Percent

Yes: 33 Percent

Wash. Post/ABC Oct. 15-18

Do you approve of the job Obama is doing?

Yes: 57 percent

No: 40 percent

Wash. Post/ABC Oct 15-18


Do you support a 'public option' for health care reform?

Yes: 57 percent

No: 40 percent

Wash. Post/ABC Oct 15-18

 

Should Obama send more troops to Afghanista?

No: 59 percent

Yes: 39 percent

CBS/Gallup: Oct. 5-6

 

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