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Cut to the News

 

Monday, February 1, 2010                      Make us your homepage

Top Breaking News

This Morning's Cut
Leading The News

Obama Budget Raises Deficit $100B . . . Would bring deficit to record $1.6 trillion, but lower annual deficits over next decade. New York Times

Bomber Mirandized After Going Quiet . . . FBI, CIA, Justice and State part of decision to read rights. Los Angeles Times

Iraqi Female Bomber Kills Dozens . . . At least 41 killed and more than 100 injured in a suicide bomb attack on Shia pilgrims in Baghdad. BBC

Politics

politics newsObama Seeks Sweeping 'No Child' Changes . . . Would affect how schools are judged to be passing or failing, and would eliminate a deadline for academic proficiency. New York Times

Obama Ends Bush Moon Mission . . . Administration to kill the Constellation program that called for a return to the moon by 2020. Washington Post

Obama Woos Women . . . Budget exempts programs for women and girls from spending restrictions he's proposed for other programs.
McClatchy Newspapers

Conservatives Using New Media . . . Loosely linked blogs, radio hosts, "tea-party" organizers and institutions bind together to oppose Obama. Washington Post

Tough Fight Ahead on 'Don't Ask Don't Tell' . . . If Obama appeal to end policy comes to vote this year in House and Senate, it will be close. Washington Times

Financial Execs Spent Big on Brown . . . In a six-day span, Republican Scott Brown collected $450,000 from donors who work at financial companies. Boston Globe

Has Obama Lost Jon Stewart? . . . It was inevitable Obama would become a late-night target, but Stewart is a pop-culture bellwether. Washington Post

National Security

national security newsKarzai Invites Taliban to Talks . . . Grand assembly will be set up as Afghan officials criticize "friendly fire" incident involving US troops that left four dead. Times of London

US - Russia Arms Talks Resume . . . Geneva meeting works towards finding successor to 40-year-old Start 1 weapons reduction agreement. The Guardian

U.S. Probes Whether Blackwater Bribed . . . An inquiry into whether firm tried to influence Iraqi officials to retain work after deadly shooting in 2007. New York Times

Strides Made Training Afghan Army . . . But progress is small and hurdles remain. Washington Post

Money

business newsGoldman Sachs Boss to Get $100B Bonus . . . Bankers in Davos say they understand Lloyd Blankfein to receive one of the bank’s biggest-ever payouts.
Times of London

Toyota: The Fix is In . . . Automaker is telling dealers that they should get parts to fix sticky gas pedals later this week.
Washington Post

Toyota's Slow Awakening . . . Company received more than 2,000 complaints of unintended acceleration before acting.
New York Times

Two Days That Shook Wall Street . . . In an excerpt from his new book, Hank Paulson details the tense hours leading to Lehman Brothers' bankruptcy. Wall Street Journal

Report Questions Stimulus Effect . . . Companies that received funds report paying fewer workers than number of jobs attributed to the package. Wall Street Journal

International

international newsU.S. to Resume Airlift of Injured Haitians . . . Effort was suspended five days ago after the state of Florida complained that its hospitals were overwhelmed.
New York Times

Israeli Officers Disciplined Over Phosphorus . . . Ordered incendiary devices to be fired over UN Gaza compound, injuring three, Israel admits. Times of London

Thirteen Students Killed in Mexico Border City . . . Armed men stormed a party in a violent Mexican city, killing 13 high school and college students. Associated Press

You Must Also Know . . .

today's newsBeyoncé Reigns at Grammy's . . . Beyoncé nets six prizes, including song of the year, while Taylor Swift took home album of the year. New York Times

Mergers, Closings Plague Charities . . . After a 20-year boom in giving, a decline prompts cutbacks, mergers, closures among nonprofits. Wall Street Journal

The Coffee That Changed Everything . . . On Feb. 1, 1960, three black college students found the "whites-only" lunch counter and sat down. McClatchy Newspapers

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've decided to cut the deficit by increasing it first. It's all part of my master plan."

- President Barack Obama

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

Guilty Pleasures

weird news

Zuma Fathers 20th Child With Friend's Daughter
Girl was born to daughter of a soccer magnate three months before the South African president was married for fifth time.
Times of London

Mandela Site Defended Against Rabbits
The island where Nelson Mandela spent years in prison is overrun with rabbits, leading to a gory solution.
New York Times

Top Sports

AFC Tops NFC in Pro Bowl
Long gains were the rule and hard hitting was the exception as the AFC beat the NFC 41-34 on Sunday night.
Associated Press

Clutch Shot Dooms Celtics
Kobe Bryant swished a jumper in the lane with 7.3 seconds left to give the Lakers their first lead of the second half and a 90-89 win.
USA Today

 

BLOG

The Read on the news

Obama's Enthusiasm Gap

While much of the focus these past few months has been on Obama's drop in the polls, a far more critical problem for the president is the erosion in enthusiasm among his liberal base of support.

Presidents routinely bounce back from early bad polling to win reelection. Ronald Reagan lost a lot of popularity during the recession of the early 1980s, only to surge anew by 1984 to defeat Walter Mondale. And Bill Clinton looked like a sure loser in 1996 as Republicans marched to victory in the 1994 midterm elections.

Obama's polls are not too bad. His approval rating is just below 50 percent, and by the time he's up again in 2012 the economy will likely be looking better.

But an African American with the unlikely name of Barack Obama and the most liberal voting record in the Senate was elected in no small part because of the passionate following among his base of liberal voters.

Obama's Enthusiasm Gap, cont'd

The Latest Polls

Which do you rate as a top priority for Congress and the president?

Economy: 83 %
Jobs: 81%
Terrorism: 80%
Social Security: 66%
Education: 65%
Medicare: 63 %
Health care: 57%
Helping the poor: 53%
Energy: 49%

Pew Research Jan. 6-10

What Should Obama and Democrats Do Now About the Health Bill?

Keep working on it: 39%
Stop and consider alternatives: 55%

USA Today/Gallup Jan. 20

Do You Approve of the Way Obama is Handling Health Reform?

Approve: 38%
Disapprove: 55%

NBC/Wall Street Journal Jan. 10-14

How Well is the Government Doing in Reducing Terrorism Threat?

Very/Fairly Well: 65%
Not too Well/Not Well: 33%

Pew Research Jan. 6-10

 

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