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Saturday, August 8, 2009                                             Make us your homepage

The New News

This Morning's Cut
The Leading News

Slowing Job Losses Boost Economy . . . With the smallest job declines in a year, a recovery appears in sight. But businesses are proceeding with caution. Wall Street Journal

PutinKremlin May Have Been Behind Twitter Attack . . . Cyberattack appears to have been aimed at a Georgian blogger critical of Russia’s role in Ossetia. Christian Science Monitor

Taliban Power Struggle . . . Without the charismatic Baitullah Mehsud, feuding Pakistan Islamist militants could splinter. Christian Science Monitor

Politics

politic

Obama Reverses on Drug Industry Deal . . . Backs away from what drugmakers said was promise not to allow government to negotiate prices under Medicare. New York Times

Fla. Senator Martinez Stepping Down . . . Previously said would not seek reelection in 2010. Will now resign his seat as soon as a replacement is selected. Washington Post

Eunice Kennedy Shriver in Critical Condition . . . Surrounded by family at a Cape Cod hospital. Associated Press

Palin Accuses Obama of Backing 'Death Panel' . . . In Facebook entry, says "evil" plan would withhold care from elderly and disabled when funding runs short. Associated Press

Sanford's Wife Moves Out . . . She and S.C. governor's sons depart the executive mansion. The State

Justice Pressed on Panther's Case . . . U.S. Civil Rights Commission demands Justice explain dismissal of charges against Black Panthers who disrupted polling place. Washington Times

Senators Cleared of Ethics Complaints . . . Ethics panel clears Dodd and Conrad of receiving improper discounts on mortgages from Countrywide Financial. New York Times

National Security

British General: Afghan War Could Last 40 Years . . . General Sir David Richards, the new head of the British Army, believes the West's mission could last until 2050. Daily Telegraph

Militant Behind Jakarta Bombings Thought Dead . . . Noordin Mohammad Top reportedly shot dead by police following an 18-hour siege in central Java. Times (UK)

A Fifth of Europe Will be Muslim by 2050 . . . Britain, Spain and Holland will have an even higher proportion of Muslims in a shorter amount of time. Daily Telegraph

News on the Money

Unemployment Wild Card: Those Who Gave Up . . . As they start looking for jobs again, the 9.4 percent rate announced Friday rate could jump. Christian Science Monitor

Job Growth Lacking in Private Sector . . . For the first time since the Depression, the economy has added virtually no jobs in the private sector over a 10-year period. New York Times

Buffett's Berkshire Swings to Profitable . . . Buffet makes successful bet on derivatives tied to world equity markets. Bloomberg

Charges Prepared for Madoff Lieutenant . . . Frank DiPascali worked with Madoff for 30 years. Financial Times

International

Iran Resumes Mass Trial of Activists . . . Dozens stand trial in Tehran on charges of rioting and plotting to topple the ruling Islamic system.
New York Times

Obama Heads to Mexico for Summit . . . A meeting of North American leaders that will be long on vision and short on anything concrete.
McClatchy Newspapers

Judge Bars Probe of Russian Journalist's Murder . . . Family wants murder reinvestigated and says low-level officials accused of act won't be convicted. Wall Street Journal

The Beslan Siege Five Years On . . . Survivors of the terrorist attack on School Number One talk about the three days that horrified the world, and their lives since. The Guardian

Also Today. . .

Airspeed Systems Failed on U.S. Jets . . . On at least a dozen recent flights, malfunctions made it impossible for pilots to know how fast they were flying. Associated Press

Cocaine a Factor in Death of Billy Mays . . . Use likely contributed to heart disease that killed the 50 year old - highly energetic - TV pitchman. Associated Press

Scientists Hunt Treatment for Type I Diabetes . . . By activating one gene, researchers can reprogram cells to produce insulin.
Los Angeles Times

Plastic Wine Bottles on the Way . . . Wine will be cheaper, but you must drink it by the "use by" date. Los Angeles Times

Today's Video

U.S. Takes Out Pakistan's Enemy No. 1 . . . NBC

Visit msnbc.com for Breaking News, World News, and News about the Economy

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Guilty Pleasures

Man Blames Cat for Porn Download
Apparently Whiskers was an avid fan of child pornography.
Associated Press

Man Finds Son Alive in Coffin
A grieving father opened his baby son's coffin to say a final goodbye and discovered that the infant was still alive, hours after doctors pronounced him dead.
Agence France-Presse

 

Top Sports

U.S. Olympic Chief's Big Payday
Stephanie Streeter's total compensation package could exceed $1 million, perhaps double the $619,507 of her predecessor -despite the recent loss of three major sponsors.
Chicago Tribune

 

 

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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