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Cut to the News

 

Monday, July 27, 2009                                             Make us your homepage

The New News

This Morning's Cut
The Leading News

bernankeBernake Mounts Defense . . .
On rescuing giant firms: "I was not going to be the Federal Reserve chairman who presided over the second Great Depression." Los Angeles Times

North Korea Wants to Talk . . . Open to new dialogue to defuse tensions over its nuclear weapons program. Appears to be a call for direct talks with the United States. Associated Press

Palin Steps Down as Alaska Governor . . . Leaves with parting shots at the media and a promise to Twitter away. Gives no word on her plans.
Associated Press

Politics

politic

Palin's Move Could be About Money . . . A personal legal bill that the ex-governor says has exceeded $500,000 to fight more than 20 ethics charges. Christian Science Monitor

Clinton Praises China . . . Says leaders have been "extremely positive and productive." Suggests Israel should set aside plans to bomb Iran.
Associated Press

Conrad: Health Bill Needs GOP Support . . . Key Democrat says measure doesn't have enough backing from his caucus. Doubts on House passage too. Washington Times

Taxing Insurers Gains Support . . . White House and Congress warming to proposal to pay for health overhaul with tax on insurance companies' high end plans. Wall Street Journal

National Security

Nigerian Islamist Attacks Spread . . . At least 30 people are killed after Islamist militants attack Nigerian police in two states after similar clashes on Sunday. BBC

Afghanistan Settles With Taliban in One Province . . . Ceasefire deal in remote Badghis province is first move of its kind amid an escalation of violence. Daily Telegraph

Gates: Iran Overture not Open-Ended . . . Defense Secretary speaks in Jerusalem as Israeli Defense Minister Barak expresses impatience with talks.
New York Times

Britain Urges Political Push on Taliban . . . Foreign Secretary urges new effort to persuade elements of the Taliban to enter normal politics.
New York Times

News on the Money

U.S. Manufacturing is at Bottom . . . A rebound remains elusive. Manufacturers operating at 64.6 percent of their installed capacity.
McClatchy Newspapers

Washington Takes a Third of Citi . . . Citi is a repeated recipient of government aid and is the only large surviving bank to have had to give the government a share. Financial Times

Apple Joins Forces With Record Labels . . . Working with the four largest record labels to stimulate digital sales of albums.
Financial Times

Sumner Redstone's Empire Imperiled . . . The future of the family-owned National Amusements hinges on an auction of about three-fourths of its 118 theaters. Los Angeles Times

International

Zelaya's Return to Honduras Sputters . . . Says he'll continue to drum up international support and presses the United States to take a stronger stand. McClatchy Newspapers

Mitchell Kicks Off Mideast Peace Push . . . Envoy says peace between Israel and Syria is "near-term goal." Christian Science Monitor

Sarkozy Collapses While Running . . . French president appears to have suffered from exhaustion and dehydration, nothing more.
BBC

Also Today. . .

Believe it or Not, Flight Safety is Improving . . . Despite flurry of deadly plane crashes, statistics show that flight is safer than it ever has been. Der Spiegel

Horrific Crash Kills Eight in New York. . . Long Island woman drove wrong way on a suburban parkway. New York Daily News

Camps Oust Hundreds With Flu Symptoms . . . Precautions against swine flu at sleep-away camps are a harbinger of what awaits as children go back to school. Los Angeles Times

Gay Marriage Backers Rethink Calif. Push . . . Political consultants advise waiting until 2012 at least amid poor poll numbers.
New York Times

Today's Video

Kayaker Plunges 186 Over Waterfall . . . SI.com

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Today's Quote

"Nancy, I know your members won't support free acupuncture for all, but the Chinese are going to fund health reform and they want it."

-Barack Obama

 

A note from our lawyers:

This is not a real quote.

 

Guilty Pleasures

King Cobra Upends Legislature
Proceedings come to a halt in India's Orissa state parliament after a Cobra is spotted and then slithers away. They still haven't found it.
Reuters

Australia Infested by Camels
Brought to the country as beasts of burden in 1840, today there are one million camels eating the outback. Plan is for a culling.
The Independent

Top Sports

Contador Wins Tour de France
Lance Armstrong is third.The drama for next year's race is set after some chilly interaction between the two teammates on the winner's podium.
Los Angeles Times

D.A. Seeks Jail Time for Plaxico Buress
Manhattan District Attorney Robert Morgenthau wants to put former NFL star behind bars for gun charge.
New York Post

 

The Read on the news

The Stimulus is Sinking Health Overhaul

President Barack Obama is blaming Republicans, Washington inertia, fear of change, the insurance industry, and assorted other enemies for the stalling of his health care initiative.

And while his plans certainly do have real enemies, the stimulus bill that he helped craft - and that he could have shaped to a greater degree than he did - is an important part of the reason he's in the fix he's in today.

All agreed at the time it was approved early this year that some form of a federal stimulus to the economy was necessary. But with a price tag of $789 billion, the public expected a lot of bang for the significant buck . . .

Stimulus, Continued

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