Wednesday, January 26, 2011

Obama calls for new era of competitiveness (AP)

Obama calls for new era of competitiveness (AP)


Obama calls for new era of competitiveness (AP)

Posted: 26 Jan 2011 12:10 PM PST

President Barack Obama gestures while speaking at Orion Energy Systems,  Wednesday, Jan. 26, 2011, in Manitowoc, Wis. (AP Photo/Jeffrey Phelps)AP - President Barack Obama campaigned vigorously for his revamped economic message Wednesday, warning that other countries have been grasping for first place in the global marketplace as the U.S. fell down on the job.


CBO: Social Security to run permanent deficits (AP)

Posted: 26 Jan 2011 12:33 PM PST

AP - New congressional projections show Social Security running permanent annual deficits unless lawmakers act to shore up the massive retirement and disability program.

Officials say 2 killed in new protests in Cairo (AP)

Posted: 26 Jan 2011 01:12 PM PST

Angery Egyptian activist shouts at anti-riot policemen who block the way leading to journalists syndicate in downtown Cairo, Egypt, Wednesday, Jan. 26, 2011. A small gathering of Egyptian anti-government activists tried to stage a second day of protests in Cairo Wednesday in defiance of a ban on any gatherings, but police quickly moved in and used force to disperse the group. (AP Photo/Ben Curtis)AP - Security officials say one protester and one policeman have been killed in an anti-government protest in central Cairo, bringing to six the number of people killed in two days of demonstrations against President Hosni Mubarak's regime.


CBO: this year's budget deficit to hit $1.5T (AP)

Posted: 26 Jan 2011 11:07 AM PST

Members of the press take pictures of copies of US President Obama's FY2011 Budget at the Dirksen Senate Office Building in Washington, DC, in 2010. The US budget deficit will hit a record-breaking 1.5 trillion this year, the Congressional Budget Office projected Wednesday, thanks in part to a recent tax cut deal.(AFP/File/Jewel Samad)AP - A continuing weak economy and last month's bipartisan tax cut legislation will drive the government's deficit to a record $1.5 trillion this year, a new government estimate predicts.


Doctors: Rep. Giffords ready to start full rehab (AP)

Posted: 26 Jan 2011 01:15 PM PST

Astronaut Mark Kelly sits in the passenger seat of the ambulance as it carries his wife, U.S. Rep. Gabrielle Giffords, to TIRR Memorial Hermann Rehabilitation Hospital Wednesday, Jan. 26, 2011, in Houston. Giffords was transferred Wednesday to begin the next phase of her recovery from a gunshot wound at TIRR Memorial Hermann Rehabilitation Hospital. (AP Photo/David J. Phillip)AP - Doctors treating Rep. Gabrielle Giffords say they plan to put a speaking valve in her breathing tube to help her speak.


Facebook to let advertisers re-publish user posts (AP)

Posted: 26 Jan 2011 11:27 AM PST

AP - Facebook users who check in to a store or "like" a brand may soon find those actions re-transmitted on their friends' pages as a "Sponsored Story" paid for by advertisers.

Fed likely to keep $600B bond-purchase plan intact (AP)

Posted: 26 Jan 2011 11:26 AM PST

FILE --  In a July 22, 2010 file photo Chairman of the Federal Reserve Ben Bernanke testifies before the House Financial Services Committee on Capitol Hill in Washington.  The Federal Reserve is all but certain Wednesday, Jan. 26, 2011, to maintain the pace of its Treasury bond-buying program because unemployment remains high and sinking home prices are eroding Americans' wealth.  (AP Photo/Alex Brandon)AP - The Federal Reserve is all but certain Wednesday to maintain the pace of its Treasury bond-buying program because unemployment remains high and sinking home prices are eroding Americans' wealth.


Dow Jones average falls back after hitting 12,000 (AP)

Posted: 26 Jan 2011 01:13 PM PST

Traders work on the floor of the New York Stock Exchange Wednesday, Jan. 26, 2011. (AP Photo/Richard Drew)AP - The Dow Jones industrial average is slipping after rising above 12,000 for the first time in two and a half years.


Astronomers claim earliest galaxy yet from Hubble (AP)

Posted: 26 Jan 2011 10:00 AM PST

AP - An international team of astronomers say they've glimpsed the earliest galaxy yet, a smudge of light from nearly 13.2 billion years ago — a time when the cosmos was a far lonelier place.

First Beatles scholar graduates in Liverpool (AP)

Posted: 26 Jan 2011 11:31 AM PST

In this image made available by Liverpool Hope University, Wednesday Jan. 26, 2011, former Miss Canada finalist Mary-Lu Zahalan-Kennedy poses next to the Penny Lane street sign in Liverpool, England, after becoming the first person in the world to graduate with a Masters degree in The Beatles. Zahalan-Kennedy, 53, was one of the first students to sign up for the course on the Beatles when it launched at the university in March 2009. Twelve full-time students joined the Master of Arts course in The Beatles, Popular Music and Society that year and Mary-Lu is the first from her class to graduate.(AP Photo/Alan Edwards, Liverpool Hope University, ho)  EDITORIAL USE ONLY:AP - A former Miss Canada finalist has become the first graduate of a Liverpool university's groundbreaking degree program based on analyzing the Beatles' music and their impact on Western culture.


Obama takes fiscal balancing act to heartland (Reuters)

Posted: 26 Jan 2011 12:56 PM PST

President Obama makes a point during his State of the Union address to a joint session of Congress on Capitol Hill, January 25, 2011. REUTERS/Kevin LamarqueReuters - President Barack Obama went to the heartland on Wednesday to promote his agenda of investing to create jobs while reining in spending, a recipe Republicans say is unworkable.


Unprecedented anti-government protests rock Egypt (Reuters)

Posted: 26 Jan 2011 12:28 PM PST

Anti-government protesters stand next to a defaced picture of Egypt's President Hosni Mubarak in Alexandria, 230 km (140 miles) north of Cairo, January 25, 2011. REUTERS/StringerReuters - Police fought with thousands of Egyptians who defied a government ban on Wednesday to protest against President Hosni Mubarak's 30-year-old rule, firing rubber bullets and tear gas and dragging away demonstrators.


Fed cautious on recovery, focused on joblessness (Reuters)

Posted: 26 Jan 2011 11:40 AM PST

Federal Reserve Board Chairman Ben Bernanke testifies in front of the U.S. Senate Budget Committee on Reuters - The Federal Reserve gave the U.S. economy a lukewarm assessment on Wednesday despite recent signs the recovery was strengthening, saying high unemployment still justified its $600 billion bond-buying program.


U.S. sales gain boosts Starbucks' quarterly profit (Reuters)

Posted: 26 Jan 2011 01:11 PM PST

Reuters - Starbucks Corp, the world's largest coffee chain, reported higher quarterly profit for its fiscal first quarter, driven by strong sales in the United States during the holiday quarter.

Giffords moved to rehabilitation hospital (Reuters)

Posted: 26 Jan 2011 08:29 AM PST

Get well wishes written on paper plates for Congresswoman Gabrielle Giffords and other victims are seen at a memorial at University Medical Center in Tucson, Arizona January 17, 2011. REUTERS/Eric ThayerReuters - Representative Gabrielle Giffords was moved to a long-term rehabilitation hospital on Wednesday morning after doctors upgraded her condition from serious to good.


Toyota recalls 1.7 million autos as quality woes mount (Reuters)

Posted: 26 Jan 2011 08:24 AM PST

Reuters - Toyota Motor Corp said it would recall more than 1.7 million vehicles worldwide, bringing its total for recalls to nearly 16 million since late 2009 and dealing a blow to its efforts to restore its reputation for quality.

Lehman files new plan for repaying creditors (Reuters)

Posted: 26 Jan 2011 09:00 AM PST

Reuters - Bankrupt financial company Lehman Brothers Holdings Inc proposed a new plan for dividing up billions of dollars among its creditors and offered a bigger payment to bondholders, provided they sign on.

Boeing profit falls; shares down on outlook (Reuters)

Posted: 26 Jan 2011 09:09 AM PST

The tailfins of various wide body Boeing aircraft sit aligned and idle at Paine Field in Everett, Washington December 8, 2010. REUTERS/Anthony BolanteReuters - Boeing Co offered a weaker-than-expected 2011 earnings outlook as higher pension costs exacerbated the impact of potential defense spending cuts and delays to the 787 Dreamliner, sending its shares down 3.6 percent.


Egypt protests escalate as US urges concessions (AFP)

Posted: 26 Jan 2011 12:54 PM PST

Egyptian demonstrators demanding the ouster of President Hosni Mubarak and calling for reforms shout slogans in Cairo. Police and protesters clashed in the capital and other parts of Egypt on Wednesday in a second day of rallies to demand the ouster of Hosni Mubarak, in the biggest protests of the president's 30-year rule.(AFP/Mohammed Abed)AFP - Anti-government demonstrations in Egypt turned increasingly nasty on Wednesday, with protesters setting fire to municipal offices and 70 hurt in the port city of Suez, as Washington called on President Hosni Mubarak to make concessions to his angry people.


Haiti ruling party pulls candidate from run-off (AFP)

Posted: 26 Jan 2011 12:30 PM PST

Haitian ruling party presidential candidate Jude Celestin speaks to the press in December 2010. Haiti's ruling party bowed to weeks of US-led pressure Wednesday and pulled its candidate out of the presidential run-off after he was found to have benefited from widespread fraud.(AFP/File)AFP - Haiti's ruling party bowed to weeks of US-led pressure Wednesday and pulled its candidate out of the presidential run-off after he was found to have benefited from widespread fraud.


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