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Cut to the News

 

Wednesday, August 12, 2009                                             Make us your homepage

The New News

This Morning's Cut
The Leading News

Obama Strikes Back . . . In New Hampshire town hall meeting, Obama rips opponents of health care plan for "wild misrepresentations."
Boston Globe

Dems Link Rove to Firings . . . Release documents they allege implicate Karl Rove and other Bush aides in the 2006 firing of nine U.S. attorneys.
Wall Street Journal

Economists Call for Bernanke to Stay . . . Nearly unanimous that he should be reappointed to another term as Fed chairman. Most say recession has ended. Wall Street Journal

Politics

politicObama Appeals to Those With Insurance . . . But many are satisfied and unconvinced his plans will help them.
Christian Science Monitor

Obama the Micromanager . . . Obama's management style has him diving into the minutiae, particularly when it comes to economics.
Wall Street Journal

Dems Energy Bill Would Double Nuclear Use . . . A target the nuclear industry says is unlikely and that many environmentalists and Democrats dislike. Washington Times

Sen. Specter Hammered at Town Hall . . . Rowdy crowd of more than 1,000 gives Pa. Democrat an earful on health care.
New York Times

Dodd Has Surgery for Prostate Cancer . . . Operation at New York hospital said to be successful. Associated Press

National Security

U.S., Kuwait Foil Al Qaeda Plot . . . Capture six al Qaeda operatives who planned attacks on a U.S. military base and other targets in Kuwait.
Washington Times

Marines Storm Key Afghanistan Town . . . It was the first time NATO troops had entered Dahaneh, which has been under Taliban control for years. Wall Street Journal

Robot Warriors . . . Tiny devices can creep up on the enemy and relay back valuable info, making operations less dangerous. New York Times

Iraq Shiites Show Restraint Amid Sunni Attacks . . . Shiites have convinced their followers they win by not responding with violence.
New York Times

News on the Money

Treasury Proposes Regulation for Derivatives . . . A complex part of the financial world that played a key role in the near-meltdown of the global financial system. McClatchy Newspapers

GM Launching Several New Models . . . Chevy Volt, at 230 mpg city, leads way as automaker plans 25 new vehicles by 2011.
Detroit Free Press

Small Banks Still Imperiled . . . Many continue to hold toxic assets and are failing at a rising rate. Christian Science Monitor

Stocks Drop as Financials Fall . . . Dow declined 97 points after an analyst suggested that investors unload financial shares following a recent bounce. Wall Street Journal

International

Hundreds Found Alive After Taiwan Mudslide . . . Officials say 700 have survived in remote villages, but many more may be buried after typhoon Morakot. The Guardian

Karzai Backers Said Rigging Afghan Election . . . President’s brother accused of scam in the south to buy vote cards for money or mobile phone scratch cards. Times (UK)

Russia Beefing Up Abkhazia Defense . . . Will spend almost $500m reinforcing military bases in Georgia's breakaway region of Abkhazia, Putin says. BBC

TV Host Ordered killings to Boost Ratings . . . Brazilian politician who fronts popular crime show investigated for ordering a series of executions in bid to boost his ratings. The Guardian

Also Today. . .

Madoff Aide Pleads Guilty . . . Frank DiPascali, a longtime employee of Bernard L. Madoff, reveals details of the Ponzi scheme.
New York Times

Aspirin Helps Treat Colon Cancer . . . Colon cancer patients who took the dirt-cheap wonder drug reduced their risk of death from the disease by nearly 30 percent. Associated Press

Disabled Left Out of Disaster Plans . . . America's most vulnerable citizens are barely considered in most emergency plans.
Washington Times

Resistant Form of Malaria Could Kill Millions . . . Scientists race to defeat parasite in Cambodia that has evolved to resist the best drug.
The Independent

Today's Video

Hillary Clinton: I'm Secretary of State . . . NBC

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Today's Quote

"I'm seriously objectin' to all of these Obama 'Death Panels' staffed by silly government bureaucrats. I say, let the private sector do it."

-Sarah Palin

 

A note from our lawyers:

This is not a real quote.

 

Guilty Pleasures

Merkel's Cleavage Used to Get Votes
A German politician has put up campaign posters featuring Chancellor Angela Merkel's cleavage in a bid to attract votes.
Der Spiegel

Fake Tweets
Are your favorite Twitterers who they say they are? Some impersonate the famous. And some ghost-tweet for the famous.
Washington Times

 

Top Sports

Pitino Denies Rape Allegation
University of Louisville men's basketball coach Rick Pitino told police that he had consensual sex with woman and then paid for her to have an abortion.
Louisville Courrier-Journal

Dramatic AL Wild Card Race on Tap
Four teams scurry to get a ticket to the playoffs.
SI.com

 

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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