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Cut to the News

 

Saturday, December 12, 2009                      Make us your homepage

Top Breaking News

This Morning's Cut
Leading The News

House Strikes at Wall Street . . . Passes legislation to restrict operations of big banks as well as powers of the Fed. Wall Street Journal

Concern Grows on U.S. Radicalization . . . Fort Hood rampage and Pakistan arrests point to growing internal threat. New York Times

Health Care Showdowns Loom . . . Key votes over the next ten days. Fate of bill remains uncertain. McClatchy Newspapers

Politics

politicReport: Senate Health Bill to Raise Costs . . . Republicans seize on report by government actuaries saying health spending will rise.
Wall Street Journal

S.C. First Lady Files for Divorce . . . One day after Gov. Mark Sanford said he hoped to reconcile, Jenny Sanford says she filed for divorce. The State

Judge Blocks Ban on Acorn Funding . . . Ruling could prevent permanent ban on funding now moving through Congress.
Wall Street Journal

Congress Eyes $1.8T Debt Limit Increase . . . Would allow the government to keep the machinery running through December 2010. Associated Press

Opinion: Is Obama Moving to the Center? . . . Speeches supporting new business tax cuts and justifying war raise the question.
Peggy Noonan

National Security

Iran Says it Will Agree to Uranium Exchange
But it will do so according to its own mechanisms and timetable, the foreign minister says.
USA Today

Father Turned in Five Americans to Pakistanis . . . He was alarmed that they were determined to fight U.S. troops in Afghanistan. McClatchy Newspapers

Marines Struggle to Recruit Afghanis for War . . . Obstacles include candidates' drug use, illiteracy, and fear of the Taliban.
Christian Science Monitor

Pakistan Taliban Offensive Over . . . PM says drive in South Wazristan at an end. Militants may have just gone somewhere else.
The Independent

CIA Drops Blackwater . . . Contract gave employees with the company an operational role in one of the CIA’s most significant covert programs. New York Times

Money

Goldman Sachs Fueled AIG's Gambles . . . Played bigger role than has been publicly disclosed in fueling the mortgage bets that nearly felled the insurer AIG.
Wall Street Journal

Pay Czar Cuts Salaries . . . Feinberg cuts pay to $500,000 for executives at firms receiving government bailout money, but waives it for some. Washington Times

Economic Reports Stir Recovery Hopes . . . Consumers are spending, companies rebuilding stockpiles and Chinese exports are coming back. Associated Press

International

UN Sets High Bar on Emissions Cuts . . . Proposal would have rich countries make heavy cuts while funding effort of poorer countries like China.
Wall Street Journal

Turkey Bans Main Kurdish Party . . . Political uncertainty looms as country's highest court rules against Kurdish party over alleged terror links. The Guardian

Greece Struggle to Stay Afloat . . . Credit rating downgraded last week amid soaring deficit and structural woes. New York Times

Blair: I Would Have Removed Saddam Anyway . . . Says he would have taken the decision to remove Hussein even without evidence of WMD. CNN

You Must Also Know . . .

Immigration Officials Arrest 300 in California . . . Cite criminal activity in deporting or detaining suspects.
New York Times

Woman, 98, Indicted for Murder . . . Accused of killing roommate, 100, in nursing home after argument over a table. Boston Globe

Renowned Ice Climber Dies in Montana . . . Guy Lacelle dies after an avalanche swept him off a gully in Montana.
The Guardian

Top UN Official to Leave Afghanistan . . . Kai Eide's tenure marred by controversy over handling of fraud-marred election and attack on U.N. workers. Associated Press

Cut to Your Stocks

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Today's Quote

"I guess what I would say is, 'public option, shmublic option.'"

- Nancy Pelosi

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

Guilty Pleasures

Can You Hear Me Now, Dad?
Dad gives son a cell phone. Thinks it will add $50 to his account. Kid rings up bill of nearly $22,000.
USA Today

Tiger Porno Spoof Already in Production
"Tiger's Wood," to be produced by Adam & Eve Pictures, will star Tyler Knight as the embattled golfer and  Kayden Kross as Elin Nordegren
New York Daily News

 

Top Sports

Tiger to Take 'Indefinite Break' From Golf
Says on his website he'll work on saving his family, using the word “infidelity” for the first time.
New York Times

Lakers' Streak Reaches No. 11
The defending champions improved the NBA's best record to 18-3. Kobe breaks finger but will play.
Sports Illustrated

 

 

BLOG

The Read on the news

Deadly Delays for Obama

Obama's health reform bill will not be voted on until January at the earliest, and his energy proposals will not get to the floor of the Senate until the spring of 2010. That spells trouble for the former, and death to the latter.

Senate Majority Leader Harry Reid recently did something mostly illegal in Washington: He spoke the inconvenient truth.

Reid ever so gently mentioned that health reform might have to wait until 2010. The White House went nuts, and Reid was soon backpedaling into 2009.

The White House had good reason. The closer the vote is to Election Day 2010, the more likely nervous Democrats are to oppose it.

Deadly Delays, cont'd

The Latest Polls

What is the State of the Country?

Right Direction: 37%
Wrong Direction: 56%

CBS/Times Dec 4-8

Do You Favor Obama's Plan to Send 30K More Troops to Afghanistan?

Favor 62%
Oppose: 36%

CNN Dec. 2-3

Where Should Khalid Shaikh Mohammed be Tried?

Military Court: 59%
Civilian Court: 36%

Gallup Nov. 20-22

Do You Approve of the Job President Obama is Doing as President?

Approve 49%
Disapprove 44%

Gallup Nov. 17-19

Do You Support or Oppose Changes to Health Care Congress is Considering?

Oppose: 49%
Support 48%

Washington Post/ABC Nov.12-15

 

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