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Cut to the News

 

Friday, July 31, 2009                                             Make us your homepage

The New News

This Morning's Cut
The Leading News

Cash for Clunkers Stalled . . . Wildly successful program burns through $1 billion in less than a week as buyers flood dealerships.
Chicago Tribune

House Health Deal Riles Liberals . . . Dozens say they'll vote against a plan that includes concessions to Blue Dogs. Los Angeles Times

Iranian Protestors Clash With Police . . . Tens of thousands take to the streets after a day of unrest marking the memory of Neda Soltan.
The Guardian

Politics

politic

Key Senate Panel Won't Vote Until Fall . . . Finance Committee kicks health measure down the road as members try to come up with a bipartisan deal. Wall Street Journal

Hot Seat Awaits Lawmakers on Recess . . . Millions to be poured into effort opposing health care bill. Wall Street Journal

Was Obama Born in Kenya? . . . There is no evidence he was. There is very good evidence he was born in Hawaii. McClatchy Newspapers

Congress Bows to Obama, Nixes F-22 . . . Obama aides say battle with appropriators was major test of president's ability to turn back pork.
Washington Times

Contractors Say Stimulus Slow to Kick In . . . They say it's saved some jobs but hasn't expanded payrolls. Christian Science Monitor

Emails Show White House Role in Firings . . . Rove and other senior Bush White House officials played a greater role than thought in firing of prosecutors. Washington Post

National Security

Baghdad Mosques Hit by Car Bombs . . . At least two dozen have been reported killed so far. BBC

Afghan Teen Ordered Home After Years at Gitmo . . . Federal judge concludes he'd been held illegally and ordered him released.
McClatchy Newspapers

Obama Adviser Wants Softer Line on Sudan . . . Special envoy says to end designation of Sudan as a sponsor of terrorism. Others in administration disagree. Washington Times

Britain Initiates Iraq War Inquiry . . . Former prime minister Tony Blair will be among the witnesses. Washington Post

News on the Money

Big Bonuses at Citi, Merrill Despite Losses . . . Each lost more than $27 billion last year and received taxpayer funded bailouts from the government. Washington Times

Japan Suffering Serious Economic Woes . . . Record deflation as unemployment hits six-year high. Financial Times

Rally Spurs Stocks to 2009 High . . . Dow gained 83.74 points, or 0.9 percent, to 9154.46 - the highest close since Nov. 4.
Wall Street Journal

International

Islamist Leader Killed in Nigerian Custody . . . Government says it's a "relief" but human rights groups concerned. BBC

Suu Kyi Verdict Postponed . . . Myanmar Court says it's not ready to make a decision and delays verdict until Aug. 11. Associated Press

Suspected ETA Bomb Kills Two Police in Majorca . . . Second strike on security forces in two days by the Basque separatist group.
Wall Street Journal

Venezuela Mulls Tough Media Law . . . Journalists could be imprisoned for publishing "harmful" material. BBC

Also Today. . .

Tamiflu Linked to Side Effects in Children . . . More than half taking Tamiflu to combat swine flu suffer side effects such as nausea, insomnia and nightmares. Daily Telegraph

Routine GI Health Needs Not Met . . . The number of Army medical centers that provide timely access to routine care has hit a five-year low.
USA Today

Millions Making Career Changes . . . Many Americans are making dramatic career switches as a range of industries are shedding thousands of jobs. USA Today

Today's Video

White House Picnic Table Diplomacy . . . NECN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Today's Quote

"Hey Rahm, we're having trouble bouncing our quarters off this surface. Can you get us a different table?"

-Barack Obama

 

A note from our lawyers:

This is not a real quote.

 

Guilty Pleasures

Ice Cream Bandits Nabbed
Robbed two ice cream stores. Broke into a church and stole "an unknown amount of ice cream."
Chicago Tribune

Space Underwear
Japanese astronaut returning to earth has worn the same underwear for a month. It's said to be made of anti-bacterial, water-absorbent, odor-eliminating material.
Christian Science Monitor

 

Top Sports

Ortiz, Ramirez on 2003 Doping List
Sluggers helped Red Sox end an 86-year World Series championship drought and capture another title three years later.
New York Times

 

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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