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Cut to the News

 

Friday, October 23, 2009                             Make us your homepage

Top Breaking News

This Morning's Cut
Leading The News

Fed Hits Banks With Pay Limits . . . Would regulate pay across the industry. Pay czar places salary cap. Wall Street Journal

Reid Backs Public Option . . . Senate Majority Leader gets behind plan that would give states an opt out. Washington Post

Hundreds Arrested in Drug Cartel Sweep . . . Raids target Mexico's La Familia Michoacana's operations in California, Texas and other states. Los Angeles Times

Politics

politicObama to Sign Gay Hate Crime Bill . . . Bill to make violence against gays and lesbians a federal hate crime clears Congress and will become law.
Los Angeles Times

White House and Cheney in War of Words . . . Responding to Cheney attack, White House says he didn't take responsibility to troops "seriously." Washington Post

Behind the War Between Obama and Fox . . . The heated back-and-forth brings equal delight to Fox’s conservative commentators and liberal Democrats. New York Times

FBI Bribery Probe of Alaska Rep. Young . . . An Alaska businessman admits to giving gifts to Republican Rep. Don Young. McClatchy Newspapers

White House Won't Let Czars Testify . . . Senators say it belies promises of transparency and treads on constitutional mandate of Congress. Washington Times

Low Black Turnout Could Harm Dems in Va., NJ . . . Could help GOP sweep governors races and may pose problem for Dems in 2010. Washington Times

Murtha, Moran Steer Millions to Defense Firm . . . Company relocated into Murtha's Pa. district and reaped millions in earmarks. Washington Times

National Security

U.S. Aiding Pakistan Military Offensive . . . U.S. military is providing intelligence and surveillance video from unmanned aircraft.
Los Angeles Times

Deadline Near for Iran to Approve Deal . . . U.S. and Israel launch major joint military exercise as world awaits Iran's approval of nuclear program delay. The Times (UK)

Refugees Don't Think Pakistan is Serious . . . Residents of the frontier area not convinced the state is finally determined to wipe out extremists. McClatchy Newspapers

Fresh Attacks Rock North Pakistan . . . At least 21 die in bombings as the army continues to battle militants near the Afghan border. BBC

Money

Oil Rising . . . Moves above $81 a barrel, a new high for the year, as hopes rise that the global economic recovery is picking up pace. Prices inch up at the pump.
BBC

Britain Still in Recession . . . Economy shrank by 0.4 per cent between July and September, leaving the UK in the longest downturn in 54 years. The Times (UK)

Employees Leave Firms Before Pay Cuts . . . Grass is greener where the bonuses are sky-high. Washington Post

International

Ethiopia Seeks Urgent Drought Aid . . . A plea for $175 million in emergency aid from international donors amid massive drought in East Africa.
Wall Street Journal

Sarkozy Retreats on Nepotism Charges . . . His 23-year old son announces withdrawal from race to become the head of a £100 million-a-year agency. The Times (UK)

Tibetan Protestors in Lhasa Riot Executed . . . In a rare use of capital punishment in Tibet, two are executed for setting fire to shops during riots last year. The Times (UK)

U.S. Demands Polanski's Extradition . . . Polanski could end up sitting in a Swiss jail for six months or more while the appeals process runs its course. New York Times

You Must Also Know . . .

Airliner Overshoots Airport by 150 Miles . . . Pilots, say they were distracted by an argument. Or did they fall asleep? Wall Street Journal

New Way to Stop Premature Birth . . . Drug used to treat cancer can stop contractions and may prevent premature labor. BBC

Frog Populations Decimated . . . Fungus pushes world population toward extinction. USA Today

Soupy Sales Dies at 83 . . . Slapstick comic had hit TV show in the 1960s and a lot of pies in the face.
Los Angeles Times

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

"My message to Obama on Afghanistan is simple: 'Faster, Pussycat, kill, kill, kill!'"

-Former Vice President Dick Cheney

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

Guilty Pleasures

Man Arrested for Making Coffee Naked
Eric Williamson of Springfield, Virginia, was brewing coffee in his kitchen when a woman and a seven-year-old boy walked past the window and saw him.
Daily Telegraph

Man Prefers Prison to House Arrest With Wife
A Sicilian builder transferred from prison to house arrest tried to get himself locked up again to escape arguments with his wife at home.
Reuters

 

Top Sports

Angels Hang in There
After taking a 4-0 lead in the first and then watching the Yankees score six runs in the seventh, they rally with three of their own to send the ALCS back to New York.
Los Angeles Times

Machida Puts Record on Line at UFC 104
Lyoto "The Dragon" Machida, the unbeaten champion, defends his UFC light heavyweight belt Saturday against Mauricio "Shogun" Rua.
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

Do You Have a Favorable Opinion Of . . .

Michelle Obama:
61 Percent

Barack Obama: 55 Percent

Joe Biden: 42 Percent

USA TODAY/Gallup; Oct. 16-19

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

 

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