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Cut to the News

 

Friday, January 29, 2010                      Make us your homepage

Top Breaking News

This Morning's Cut
Leading The News

Bernanke Wins Second Term Gets backing of Senate for a second four-year term, but he faces formidable challenges. Wall Street Journal

New Afghanistan Goal: Compromise . . . Plan to end war now involves making peace with the Taliban, not eradicating them. Toronto Globe and Mail

Democrats Shelve Health Reform . . . Say they most focus on jobs and will do health later this year. But Election Day looms. Washington Times

Politics

politics newsObama Takes Jobs Pitch on Tour . . . Cabinet members fan out along with Obama and Biden to push his State of the Union promise to tackle high unemployment.
Wall Street Journal

Dems Move PAYGO Without GOP . . . New spending would have to be "paid for," but Republicans say it makes it too difficult to have tax cuts. McClatchy Newspapers

Republicans Still Play Hard to Get . . . They say Obama must do much more to get bipartisanship moving. McClatchy Newspapers

Senate Raises Debt Limit by $1.9T . . . The vote, along partisan lines, will boost the government's total borrowing power to a staggering $14.3 trillion. Washington Times

Obama to Propose Employer Tax Credits . . . Tax credits totaling $33 billion for employers, with the aim of encouraging businesses to hire. Christian Science Monitor

National Security

national security newsUN Official Met Taliban . . . UN's top envoy to Afghanistan met with Taliban officials this month amid heightened efforts to find a diplomatic solution.
Wall Street Journal

Administration May Move 9/11 Trial . . . Justice Department, faces mounting pressure from New York politicians.
New York Times

Clinton Courts China for Iran Sanctions . . . Measures drawn up by U.S. aimed at Iranian financial institutions and Revolutionary Guard. Times of London

Pentagon Seeks 'Don't Ask Don't Tell' Repeal . . . Generals will testify Tuesday on the preferred path forward.
Washington Times

Response to Christmas Bomber Botched . . . Blunders deprived emergency crews of information and exposed travelers to danger if attack wasn't over. Detroit Free Press

Blair Grilled on Iraq . . . Says 9/11 attacks changed the ''calculus of risk'' posed by Saddam Hussein dramatically. Daily Telegraph

Money

business newsU.S. To Investigate Toyota . . . Carmaker under pressure as U.S. prepares to examine 19 deaths possibly linked to accelerators in the past ten years.
Times of London

Bill Gates Donates $10B for Vaccines . . . Microsoft founder makes largest ever single charitable donation in bid to save more than eight million lives. Times of London

Apple's Misnamed iPad . . . Women say it sounds like a feminine hygiene product. Irish and Bostonians say it sound like ipod in their brogue. New York Times

Toyota Eschewed Brake Override . . . Despite complaints of runaway cars, company did not install systems to address such malfunctions. Washington Post

International

international newsAcquittal Lets de Villepin Challenge Sarkozy . . . Former prime minister is building a political machine and making campaign-style appearances.
Toronto Globe and Mail

Hamas: Israel Killed a Top Commander . . . Mahmoud al-Mabhouh had abducted and killed 2 Israeli soldiers and was involved in arms smuggling. Haaretz

Aid Efforts Awry in Haiti . . . It's still very difficult to deliver aid in Haiti, two weeks into the emergency. Wall Street Journal

Do Putin and Medvedev Disagree? . . . At a meeting, they appear at odds over whether Russia is democratic enough.
Christian Science Monitor

You Must Also Know . . .

today's newsHands-Free Phones Just as Risky . . . No decrease in crash risk with hands free laws. Cellphones and texting to blame for 28 percent of crashes. Washington Post

Oprah Puts Leno on the Couch . . . He says NBC handled things terribly, but notes that Conan's ratings were in the tank. Chicago Tribune

Man Admits Killing Abortion Doctor . . . Admits he fatally shot Dr. George Tiller in an attempt to save unborn children.
Associated Press

Manson Family Member May Get Parole . . . Bruce Davis was convicted in 1969 killings of musician Gary Hinman and ranch hand Donald Shea. Los Angeles Times

New 'Week After' Pill . . . New version of morning after pill "can be taken up to five days after sex." Daily Telegraph

JD Salinger Dead at 91 . . . Once thought to be the most important American writer since World War II, he turned his back on success and adulation. 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

"We're raising the debt limit to make room for the president's spending freeze."

- Senate Majority Leader Harry Reid

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

Guilty Pleasures

weird news

French Scientists Say British Wrong on G Spot
French gynecologists have dismissed British research which claimed the G spot may be all in the mind. We think the French would know where to find it.
Daily Telegraph

While Dad Was Making Movies
Son of Oscar-winning actor Michael Douglas has admitted in a New York court to possessing heroin and dealing large amounts of methamphetamine and cocaine out of his hotel room.
Daily Telegraph

 

Top Sports

Federer Easily Advances to Final
So much for all the pre-tournament talk about how Roger Federer was distracted, aging and vulnerable at the Australian Open.
New York Times

Hey, What About Us?
Seven players who were snubbed for the NBA All Star game and maybe should have made the cut.
Sports Illustrated

 

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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