Friday, July 1, 2011

Vulnerable feel the pinch of Minn. gov't shutdown (AP)

Vulnerable feel the pinch of Minn. gov't shutdown (AP)

Vulnerable feel the pinch of Minn. gov't shutdown (AP)

Posted: 01 Jul 2011 12:41 PM PDT

Barriers were in place on the road in front of the Minnesota State Capitol Friday, July 1, 2011 in St. Paul, Minn., after negotiations over the state budget between Republican lawmakers and Democratic Gov. Mark Dayton broke down and the government shutdown at midnight. AP Photo/Jim Mone)AP - The blind are losing reading services. A help line for the elderly has gone silent. And poor families are scrambling after the state stopped child care subsidies.

Passing major debt deal by Aug. 2 seems doubtful (AP)

Posted: 01 Jul 2011 12:51 PM PDT

FILE - In this file photo taken June 16, 2011, Treasury Secretary Tim Geithner waits for the arrival of Vice President Joe Biden during the negotiations between Republicans and Democrats in Congress on how to solve America's debt crisis and budget problems, at the Capitol in Washington. Amid news reports that he is considering leaving his post, Geithner said today he plans to remain as treasury secretary for ‘foreseeable future.’ (AP Photo/J. Scott Applewhite, FileAP - It may be even more difficult than it appears for Congress to reach a broad deal to raise America's borrowing limit and slash spending by Aug. 2. Maybe all but impossible.

Obama picks fight on taxes, big or just symbolic (AP)

Posted: 01 Jul 2011 01:07 PM PDT

Having insisted there is too much to do for lawmakers to spend a week away from the Capitol, Senate Majority Leader Harry Reid of Nev., center, walks with Senate Majority Whip Richard Durbin of Ill., left, and Sen. Charles Schumer, D-N.Y., after a news conference on Capitol Hill in Washington, Thursday, June 30, 2011. (AP Photo/J. Scott Applewhite)AP - President Barack Obama is renewing an old fight with the business community by insisting that $400 billion in tax increases be part of a deficit-reduction package. His proposals have languished on Capitol Hill, repeatedly blocked by Republicans, often with help from Democrats.

The economic recovery turns 2: Feel better yet? (AP)

Posted: 01 Jul 2011 11:27 AM PDT

In this June 9, 2011 photo, a 'bank-owned view price reduced,' lot is chained and locked but advertised for sale, in Seattle. Two years after economists say the Great Recession ended, the recovery has been the weakest and most lopsided of any since the 1930s. (AP Photo/Elaine Thompson)AP - This is one anniversary few feel like celebrating.

Strauss-Kahn free from house arrest; charges stand (AP)

Posted: 01 Jul 2011 11:55 AM PDT

Former International Monetary Fund leader Dominique Strauss- Kahn leaves New York State Supreme court with his wife Anne Sinclair, Friday, July 1, 2011, in New York. A judge has agreed to free Strauss-Kahn without bail or home confinement in the sexual assault case against him. The criminal case against him stands. (AP Photo/Louis Lanzano)AP - Former IMF chief Dominique Strauss-Kahn walked out of court without bail Friday, freed from house arrest, after prosecutors acknowledged serious questions about the credibility of the hotel housekeeper who accused him of sexual assault.

Defiant Gadhafi threatens attacks in Europe (AP)

Posted: 01 Jul 2011 01:01 PM PDT

A Libyan woman cries while praying during Friday prayers in the rebel-held Benghazi, Libya, Friday, July 1, 2011. The son of Libyan leader Moammar Gadhafi, who like his father is a wanted man under an international arrest warrant, denies that either of them ordered the killing of civilian protesters in Libya as prosecutors charge.(AP Photo/Hassan Ammar)AP - A defiant Moammar Gadhafi threatened Friday to carry out attacks in Europe against "homes, offices, families," unless NATO halts its campaign of airstrikes against his regime in Libya.

AP Source: Google among firms looking to buy Hulu (AP)

Posted: 01 Jul 2011 12:48 PM PDT

AP - Search giant Google Inc. is one of about a dozen companies involved in talks to potentially buy online video site Hulu, a person familiar with the matter said Friday. As the owner of YouTube, it would be a strategic buy for the Silicon Valley technology company, which has had a rocky relationship with Hulu's Hollywood owners.

Mich. ban on race in college admissions illegal (AP)

Posted: 01 Jul 2011 12:51 PM PDT

AP - A federal appeals court on Friday struck down Michigan's ban on the consideration of race and gender in college admissions, saying it burdens minorities and violates the U.S. Constitution.

Hot dog champ eats 20K calories, says MD approves (AP)

Posted: 01 Jul 2011 01:09 PM PDT

** COMMERCIAL IMAGE ** In this photo taken by AP Images for Pepto-Bismol, Joey Chestnut, favorite to win Nathan's Famous Fourth of July International Hot Dog Eating Contest, sponsored by Pepto-Bismol, reacts after his official weigh-in during a ceremony at City Hall Park, Friday, July 1, 2011 in New York. (Jason DeCrow/AP Images for Pepto-Bismol)AP - Hot dog eating champion Joey Chestnut estimates he eats about 20,000 calories in one shot at food competitions, but he says his doctor doesn't mind.

Nadal beats Murray to reach Wimbledon final (AP)

Posted: 01 Jul 2011 12:01 PM PDT

Spain's Rafael Nadal reacts during his men's semifinal match against Britain's Andy Murray at the All England Lawn Tennis Championships at Wimbledon, Friday, July 1, 2011. (AP Photo/Kirsty Wigglesworth)AP - Defending champion Rafael Nadal reached the Wimbledon final for the fifth time with a 5-7, 6-2, 6-2, 6-4 win over Andy Murray on Friday.

Strauss-Kahn released from house arrest (Reuters)

Posted: 01 Jul 2011 12:55 PM PDT

Former IMF chief Dominique Strauss-Kahn (C) and his wife Anne Sinclair arrive for a hearing at the New York State Supreme Courthouse in New York July 1, 2011. REUTERS/Lucas JacksonReuters - Former IMF chief Dominique Strauss-Kahn was released from house arrest on Friday after prosecutors said the hotel maid who accuses him of attempted rape lied to a grand jury and made other false statements.

Manufacturing rises but consumers remain wary (Reuters)

Posted: 01 Jul 2011 11:10 AM PDT

Reuters - The pace of growth in U.S. manufacturing picked up for the first time in four months in June, surprising investors and fueling optimism the recent economic slowdown will be temporary.

Minnesota government shutdown begins after talks fail (Reuters)

Posted: 01 Jul 2011 11:32 AM PDT

Reuters - Minnesota's state government began a broad shutdown on Friday going into the July 4 holiday weekend after the Democratic governor and Republican legislative leaders failed to agree on a budget.

Rockets push back rebels south of Libyan capital (Reuters)

Posted: 01 Jul 2011 12:34 PM PDT

A rebel fighter sitting in a captured Gadaffi forces truck with a mounted weapon is received by comrades occupying high ground overlooking the town of Bir Ghanam, 100 km (62 miles) south of Tripoli, June 30, 2011. REUTERS/Anis MiliReuters - Libyan rebels who had advanced to within 80 km (50 miles) of Muammar Gaddafi's stronghold in the capital were forced to retreat on Friday after coming under a barrage of rocket fire from government forces.

Zynga files for IPO of up to $1 billion (Reuters)

Posted: 01 Jul 2011 11:25 AM PDT

Reuters - Online game company Zynga Inc filed for an initial public offering hoping to raise up to $1 billion, the latest hot Internet startup to tap investor interest in Internet social media companies.

Mixed feelings on DSK in home of "caviar left" (Reuters)

Posted: 01 Jul 2011 10:53 AM PDT

Reuters - In the heart of France's "caviar left," there were mixed feelings on Friday about news that U.S. sexual assault charges against former Socialist presidential frontrunner Dominique Strauss-Kahn may collapse.

June auto sales sluggish for second month in row (Reuters)

Posted: 01 Jul 2011 10:32 AM PDT

Reuters - General Motors Co and Ford Motor Co both reported weaker-than-expected U.S. sales gains in June as they again dialed back deals for car buyers despite the shaky economy.

Apple, RIM group wins $4.5 billion Nortel patent auction (Reuters)

Posted: 01 Jul 2011 11:42 AM PDT

Reuters - A group including Apple, Research In Motion and Microsoft will pay $4.5 billion to snatch Nortel Networks' patents from under the noses of Google and Intel, stealing a march on their rivals in a litigious market.

11 die as half a million call for Syria's Assad to go (AFP)

Posted: 01 Jul 2011 12:52 PM PDT

Syrian demonstrators shout slogans against the Syrian regime and leader Bashar al-Assad during a protest in front of the Greek Parliament in Athens. Syrian security forces killed at least 11 people on Friday as more than half a million people took to the streets across the country to demand the departure of Bashar al-Assad, activists said.(AFP/Filippo Monteforte)AFP - Syrian security forces killed at least 11 people on Friday as more than half a million people took to the streets across the country to demand the departure of Bashar al-Assad, activists said.

Maid lie sees Strauss-Kahn freed from house arrest (AFP)

Posted: 01 Jul 2011 12:15 PM PDT

Former International Monetary Fund leader Dominique Strauss-Kahn and his wife Anne Sinclair leave New York State Supreme Court New York City after he was freed from house arrest on sexual assault charges.(AFP/Don Emmert)AFP - Former IMF chief Dominique Strauss-Kahn was freed from house arrest Friday after prosecutors raised serious doubts about the credibility of the woman accusing him of sexual assault.
Posted by Harshad at 1:15 PM

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