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Wednesday, July 29, 2009                                             Make us your homepage

The New News

This Morning's Cut
The Leading News

Microsoft and Yahoo Agree on Partnership . . . Begin an online search and advertising partnership in an attempt to rival Google. Reuters

Dems May Drop Government Insurance Option . . . Democratic leaders won't guarantee that the "public option" will be in the final version of the legislation. McClatchy Newspapers

Napolitano to Unveil Anti-Terror Plans . . . Expected to outline Wednesday the Obama administration's domestic approach to preventing terrorist attacks. Wall Street Journal

Politics

politic

Senators Agree to Medicare Cuts . . . Independent commission would be empowered to recommend $35 billion in cuts over 10 years and even more afterward. Associated Press

Obama's Doctor Opposes His Health Plan . . . But he wants it moved more to the left, backing a single payer plan. Chicago Tribune

Picnic Table Diplomacy . . . Obama will be just a regular guy having a beer - a Bud - with an old friend and a new one when he hosts Gates and Crowley. Christian Science Monitor

'Birther Movement' Questions Obama Citizenship . . . Conspiracy theorists who say there is no proof he was born in U.S. gaining traction among Republicans. The Guardian

Clinton Political Outfit in Good Shape . . . An eight person team has transformed her debt into two overflowing campaign war chests.
New York Daily News

Powell: Gates Should Have Known Better . . . Retired Gen. Colin Powell chides his friend Henry Louis Gates Jr. for not cooperating with the cops. New York Daily News

Sotomayor Approved by Committee . . . But Republicans on Judiciary panel send a message as just one of them backs her. Los Angeles Times

National Security

Convicted Spy Says He Was a Double Agent . . . Said he spied on Israeli lobby for FBI before Feds pressured him to plead guilty to spying for Israel. Washington Times

Russia and Iran to Hold Joint Naval Exercise . . . For the first time, Russia and Iran will hold a joint naval maneuver in the Caspian Sea.
Jerusalem Post

A Coalition of One . . . Iraq parliament recesses without extending stay of residual British force. New York Times

News on the Money

Speculators Blamed for Oil Price Spikes . . . Commodity Futures Trading Commission Chair Gary Gensler signals more regulation to prevent repeat. McClatchy Newspapers

Recovery Signs in Housing Market Stir Hope . . . After a plunge lasting three years, houses have become cheap enough to lure buyers.
New York Times

Madoff: I Can't Believe I Got Away With It . . . Tells lawyers he thought several times he was about to be caught. ABC News

Banks Told to Ramp Up Consumer Loan Help . . . Obama officials press banks to speed assistance to distressed borrowers and modify 500,000 mortgages by November. Washington Post

Gadgets Aid Corporate Spying Surge . . . Corporate espionage - using very simple tactics, much of it carried out by trusted insiders - is surging.
USA Today

International

Iran Frees 140 Political Detainees . . . Prisoners released as Khamenei orders Kahrizak jail to be closed because of "poor standards."
The Guardian

Massive Car Bomb in Spain . . . Blast tore the front off a high-rise barracks, injuring 46 people, mainly with flying glass. Basque separatists blamed. BBC

Pakistan Taliban Trained Child Suicide Bombers . . . Swat valley residents say militants abducted about 100 teens to train to blow themselves up. McClatchy Newspapers

Also Today. . .

Schwarzenegger Cuts $500M and Signs Budget . . . He reduces funding to programs for children's welfare and healthcare, the elderly, and for AIDS. Los Angeles Times

Pregnant Women More Susceptible to Swine Flu . . . Should be treated with anti-viral promptly once flu symptoms appear, CDC says.
Wall Street Journal

Arrests in Terror Case Bewilder . . . Daniel Boyd was a rare thing in rural North Carolina - a Muslim. And one who stockpiled weapons and travel abroad for training. New York Times

Witness Describes Killing of Abortion Doctor . . . a man walked up, pressed a gun against the doctor’s head and fired, a fellow church member recalled. New York Times

 

Today's Video

Colin Powell Holds Forth on Various Issues . . . CNN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Today's Quote

"And once we determine conclusively that Obama was born in Kenya we'll get . . . um
. . . Biden."

- Rush Limbaugh

 

A note from our lawyers:

This is not a real quote.

 

Guilty Pleasures

Joan Drops the F-Bomb
It explodes on live TV. She objected to a crack by one of the hosts about her daughter.
Associated Press

 

Top Sports

Buerle Retires 45 Straight
A Major League record. Was five innings into another perfect game when Twins started to hit him.
Chicago Tribune

Phelps May Boycott Swimming
May abstain until international body stops dithering on timing of suit ban.
The Independent

 

 

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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