Tuesday, August 2, 2011

Obama signs debt bill after final Senate vote (AP)

Obama signs debt bill after final Senate vote (AP)

Obama signs debt bill after final Senate vote (AP)

Posted: 02 Aug 2011 11:09 AM PDT

President Barack Obama delivers a statement in the Rose Garden of the White House in Washington, Tuesday, Aug. 2, 2011, following the Senate's passing of the debt ceiling agreement. (AP Photo/Susan Walsh)AP - The Senate emphatically passed emergency legislation Tuesday to avoid a first-ever government default, rushing the legislation to President Barack Obama for his signature just hours before the deadline. The vote was 74-26.

Americans cut spending for first time in 20 months (AP)

Posted: 02 Aug 2011 12:09 PM PDT

In this June 23, 2011 photo, Billy Garlin, left, a sales and leasing consultant at the Big Two Toyota Scion of Chandler car dealership, shows Lacey Rivera, right, and her sister Shelbey Kearns a new car Rivera had just purchased, in Chandler, Ariz. Americans cut back on their spending in June for the first time in nearly two years and their incomes grew by the smallest amount in nine months, a troubling sign for an economy that is barely growing.(AP Photo/Ross D. Franklin)AP - Americans cut their spending in June for the first time in nearly two years after seeing their incomes grow by the smallest amount in nine months. The latest data offered a troubling sign for an economy that is adding few jobs and barely growing.

Stocks now down for year as economic concerns grow (AP)

Posted: 02 Aug 2011 01:13 PM PDT

In this Aug. 1, 2011, trader John Bowers works on the floor of the New York Stock Exchange. Global stock markets tumbled Tuesday, Aug. 2, after downbeat U.S. data fueled fears the world's largest economy might be sliding back into recession.(AP Photo/Richard Drew)AP - A sell-off is erasing all of the year's gains in the stock market.

AP Exclusive: Timing of US drone strike questioned (AP)

Posted: 02 Aug 2011 12:09 PM PDT

AP - The American ambassador to Islamabad phoned Washington with an urgent plea: Stop an imminent CIA drone strike against militants on the Pakistani side of the Afghan border.

Somali militia bleeds guns across Kenya border (AP)

Posted: 02 Aug 2011 12:21 PM PDT

A Somalian transitional government force soldier provide security, as the Somalian national flags is seen in the background in the town of Dhobley, Somalia, Wednesday, July 27, 2011. A plane carrying 10 tons of urgently needed nutritional supplements to treat malnourished children has landed in famine-hit Somalia, a U.N. official said Wednesday. (AP Photo/Schalk van Zuydam)AP - Somalis with new uniforms and guns, reportedly purchased by Kenya's government, are supposed to be guarding the Kenya-Somalia border against Islamist insurgents. But some are selling their weapons and are even preying on Somalis fleeing their famine-stricken country.

FAA shutdown to continue in partisan standoff (AP)

Posted: 02 Aug 2011 12:26 PM PDT

U.S. Transportation Secretary Ray LaHood, left, talks to American Airlines pilot Jesse J. Perkins after a news conference at which LaHood spoke of the interruption of federal funding for airport construction projects and contractors, at LaGuardia Airport in New York, Monday, August 1, 2011. The FAA's operating authority expired at midnight Friday, forcing a partial shutdown of the agency. Dozens of airport construction projects across the country have been put on hold and thousands of federal employees were out of work. (AP Photo/Henny Ray Abrams)AP - A stalemate that has partially shut down the Federal Aviation Administration will continue into September. A spokesman for Senate Majority Leader Harry Reid says Senate Democrats were unwilling to accept cuts in subsidies for rural air service.

Norway's right-wing on defensive after attacks (AP)

Posted: 02 Aug 2011 12:10 PM PDT

FILE - In this Sunday Sept. 14, 2009 file photo Siv Jensen, leader of Norwegian Progress Party, right, speaks during a last pre-election debate watched by Norway's Prime Minister and leader of the Norwegian Labour Party, Jens Stoltenberg in Oslo, Norway. The leader of Norway's right-wing Progress Party calls former member Anders Behring Breivik's anti-Muslim views 'perversely unique' and not in any way linked to her party. Jensen told AP on Tuesday Aug. 2, 2011 he kept a low profile and never revealed his murderous plans: 'It was impossible for us to forsee at the time. He obviously changed in recent years without anyone knowing.' She resents being linked to Breivik's views, noting he condems 'all political parties in Norway, mine included, because he feels that we are all responsible for what he feels is the wrong development of Norway and Europe.' (AP Photo Heiko Junge / Scanpix Norway) ** NORWAY OUT **AP - Warning voters about the danger of increasing Muslim influence in Norway, the Progress Party rode a wave of anti-immigrant feeling and took nearly a quarter of the seats in parliament in the country's last election.

CDC: 1 death, 76 illnesses linked to ground turkey (AP)

Posted: 02 Aug 2011 12:09 PM PDT

AP - Federal officials say one person has died from salmonella poisoning that appears to be linked to eating ground turkey, but the government is still investigating who produced the meat and has not initiated a recall.

Critique of Nixon's TV image up for auction (AP)

Posted: 02 Aug 2011 12:28 PM PDT

FILE - In this Oct. 13, 1960 file photo, Vice President Richard Nixon dabs at his chin and lip in Los Angeles during his televised debate with Sen. John F. Kennedy. Nixon was in a studio in Los Angeles, while Kennedy was in a studio in New York. A 10-page critique of Nixon's early television image, a critique he commissioned by a New York consultant in 1967, is among a collection of papers now up for auction in New Hampshire in August 2011. (AP Photo, File)AP - Some advice for presidential candidates, culled from a 1967 critique of then-candidate Richard Nixon: Avoid greasy hair products. Don't clench your fists. And for goodness sake, drop the zombie routine.

NBA takes legal action against locked-out players (AP)

Posted: 02 Aug 2011 12:37 PM PDT

NBA Players Association president Derek Fisher, right, NBA union chief Billy Hunter, left, and LA Lakers' Theo Ratliff arrive at a midtown hotel for a meeting with the NBA, Monday, Aug. 1, 2011 in New York. One month after the lockout began, and three months before the season is scheduled to start, representatives for the NBA owners and locked-out players return to the bargaining table. (AP Photo/Mary Altaffer)AP - Trying to head off the chance of an antitrust lawsuit from the NBA Players Association, the league went ahead and beat the union to court.

U.S. avoids default but fails to dispel economy fears (Reuters)

Posted: 02 Aug 2011 01:12 PM PDT

Reuters - The United States stepped back from the brink of default on Tuesday but congressional approval of a last-gasp deficit-cutting plan failed to dispel fears of a credit downgrade and future feuds over taxes and

White House: Obama has signed deficit bill into law (Reuters)

Posted: 02 Aug 2011 11:09 AM PDT

President Barack Obama walks to the Rose Garden of the White House in Washington, August 2, 2011. REUTERS/Jason ReedReuters - President Barack Obama has signed a deficit-reduction measure into law to cut spending and raise the U.S. debt ceiling and avert an unprecedented default, the White House said on Tuesday.

Fitch keeps U.S. AAA rating, review ongoing (Reuters)

Posted: 02 Aug 2011 11:18 AM PDT

Reuters - Fitch Ratings upheld its AAA rating on the United States on Tuesday after lawmakers approved spending cuts that will help avoid a U.S. default, but warned that the world's largest economy must reduce its debt burden or face a downgrade.

Italy under fire in widening euro debt crisis (Reuters)

Posted: 02 Aug 2011 12:34 PM PDT

A man walks past a closed shop with a sign reading 'Buy gold' in downtown Rome, August 1, 2011. REUTERS/Tony GentileReuters - Financial market pressure on Italy intensified on Tuesday, sucking Europe's second biggest debtor nation deeper into the euro area danger zone and prompting emergency consultations in Rome and among European capitals.

Analysis: West's mid-life crisis points to power shift east (Reuters)

Posted: 02 Aug 2011 11:44 AM PDT

Reuters - The world's industrialized nations, burdened with aging populations and deeply in debt, face years of slow economic growth that could speed the shift of economic clout to the East.

Eleventh arrest in UK tabloid hacking scandal (Reuters)

Posted: 02 Aug 2011 12:20 PM PDT

The last edition of News of the World newspaper goes on sale alongside other British Sunday newspapers in London July 9, 2011. REUTERS/Paul HackettReuters - Stuart Kuttner, managing editor of the News of the World for 22 years, was arrested and later freed on bail on Tuesday over a phone-hacking scandal at the now-defunct tabloid that has rattled Britain's establishment, a source close to the case said.

Faltering consumer spending to weigh on growth (Reuters)

Posted: 02 Aug 2011 12:22 PM PDT

Reuters - Consumer spending dropped in June for the first time in nearly two years and incomes barely rose, signs the economy lacked momentum as the second quarter drew to a close.

Auto sales tick up but consumer doubts persist (Reuters)

Posted: 02 Aug 2011 11:36 AM PDT

Chevrolet Cruze vehicles are displayed at Courtesy Chevrolet dealership in Phoenix, Arizona, January 4, 2011. REUTERS/Joshua LottReuters - Major automakers posted July U.S. sales that ticked higher from the slump of recent months, but failed to dispel doubts about the strength of the economy and the mood of American consumers.

Obama says austerity bill only a 'first step' (AFP)

Posted: 02 Aug 2011 01:17 PM PDT

US President Barack Obama arrives to make a statement to the press in the Rose Garden of the White House in Washington, DC. Obama on Tuesday signed a emergency austerity bill that averted a devastating debt default, but warned the contentious plan was AFP - US President Barack Obama signed an emergency austerity bill Tuesday that averted a debt default, but warned the contentious plan was "just the first step" on a long road to economic recovery.

UN meets again on deadly Syria crackdown (AFP)

Posted: 02 Aug 2011 01:05 PM PDT

A woman holds up a Syrian flag during a demonstration in Istanbul against Syria's regime of President Bashar al-Assad, in July 2011. Syrian security forces pressed on with a deadly crackdown on dissent Tuesday as the Security Council held more talks on Syria and the UN chief said President Bashar al-Assad has AFP - Syrian security forces pressed on with a deadly crackdown on dissent Tuesday as the Security Council held more talks on Syria and the UN chief said President Bashar al-Assad has "lost all sense of humanity".
Posted by Harshad at 1:54 PM

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