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Cut to the News

 

Tuesday, February 2, 2010                      Make us your homepage

Top Breaking News

This Morning's Cut
Leading The News

Data Point to Better Economy . . . Most banks have stopped toughening lending standards and manufacturing is at highest level in five years. Wall Street Journal

Obama Budget Seeks New Spending . . . Democrats hail $3.8 trillion plan while GOP savages measures as a recipe for fiscal disaster. Washington Post

Abstinence Sex Ed Works Landmark study finds classes focused on delaying sex were more effective than mixed approaches. Washington Post

Politics

politics newsObama Redefines Homeland Security . . . Administration for the first time defines homeland security as including hazards beyond terrorism.
Washington Post

Obama to Detail Small Business Plan . . . President will roll out a proposed $30 billion small-business lending program.
Wall Street Journal

Obama Wants $192B for Wars . . . Hefty sum aimed at escalating the war in Afghanistan amid waning support at home.
Boston Globe

Congress Concerned Over CIA Moonlighting . . . Intelligence agencies allow workers to perform work for private companies.
Politico

Five Things to Watch in Illinois . . . The dark blue state plays host to the first primary election of the 2010 cycle. Politico

National Security

national security newsPentagon to Ease 'Don't Ask Don't Tell' . . . Pentagon expected to announce today it will significantly relax enforcement of ban on gays serving openly in the military. Boston Globe

Gates Fires Officer in Charge of F-35 . . . Voices strong dissatisfaction with lack of progress on the F-35 joint strike fighter program. McClatchy Newspapers

Pakistan Taliban May be on the Ropes . . . Its leader is dead, its troops are on the run, and public opinion is against it.
Washington Post

Somali Group to Ally With al Qaeda . . . The militant group al Shabaab said it would ally with al Qaeda in a drive to establish Islamic state in Somalia. Wall Street Journal

Pakistan Says Will Help Train Afghanis . . . Gen. Kayani seeks to counter criticism of his nation as a reluctant ally in the West's war in Afghanistan. Los Angeles Times

Money

business newsToyota's Fast Fix Raises Questions . . . What appears to be rapid development of a fix for sticky pedals is raising suspicion it has known about problem much longer than it says. USA Today

Toyota Braces for Sales Hit . . . Pedal fix is too late to prevent consumer backlash in the U.S. and elsewhere that is battering its sales. Associated Press

Bad Karma for Feng Shui Master . . . Tony Chan’s claim to billionaire Nina Wang's fortune is thrown out despite claim that he was her secret lover. Times of London

International

international newsCiudad Juarez police baffled by shooting . . . Attack on a party attended by high school and college students has "no apparent motive." Death toll at 16.
Los Angeles Times

Obama to Skip EU Summit . . . White House said it's a scheduling matter, but European officials say there had been no hint he would not attend. New York Times

Girls Says Baptists Took Her From Her Mother . . . Haitians accuse group of 10 U.S. Baptists of trying to take kids out of country illegally. Toronto Globe and Mail

Chavez's Socialist Project Badly Hobbled . . . Venezuela has inflation, blackouts, violent crime and a scandal involving bankers close to Chavez. Associated Press

China Warns Obama Not to Meet Dalai Lama . . . Obama passed up meeting in Novembers but plans to sit down with him early this year. New York Times

You Must Also Know . . .

today's newsPlanes With Problems Take Off . . . During past six years, millions have been on flights of planes that weren't properly maintained. USA Today

One in Eight Visit Food Banks . . . One in eight Americans - 37 million - received emergency food help last year, up 46 percent from 2005. USA Today

Stumping for Oscars . . . Well in advance of Tuesday's Oscar nominations, actors knew to take a page from politics' script.
Washington Post

The Fighting Flock . . . Evangelical churches are embracing mixed martial arts in an effort to appeal to young men. New York Times

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

"Mr. President, we're going to agree to a spending freeze once there is a Hell freeze."

- House Speaker Nancy Pelosi

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

Guilty Pleasures

weird news

Peter Orszag, Sex Symbol
Obama's budget chief, with a hot new fiance and his very own love child, has put the OMG into OMB.
Washington Post

SEC Workers Probed for Porn Surfing
More than two dozen geeky financial types caught viewing dirty sites at work.
Washington Times

 

Top Sports

Lysacek is America's Figure Skating Hope
Evan Lysacek enters the Vancouver Olympics hoping to become the USA's first men's figure skating gold medallist since 1988.
USA Today

But the U.S. Women Suck
Michelle Kwan isn't coming back, and there's no American woman ready to take her place at the Vancouver Olympics. Get over it.
Associated Press

Arenas Write an Op-Ed
Washington Wizards guard insists he now understands that "guns and violence are serious problems, not joking matters."
Associated Press

 

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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