Wednesday, February 1, 2012

Egypt soccer fans rush field after game, 73 dead (AP)

Egypt soccer fans rush field after game, 73 dead (AP)

Egypt soccer fans rush field after game, 73 dead (AP)

Posted: 01 Feb 2012 01:15 PM PST

Egyptian fans clash with riot police following Al-Ahly club soccer match against Al-Masry club at the soccer stadium in Port Said, Egypt Wednesday, Feb. 1, 2012. Some dozens of Egyptian soccer fans were killed Wednesday in violence following a soccer match in Port Said, when fans flooded the field seconds after a match against a rival team was over, Egypt's Health ministry said. (AP Photo)AP - Soccer fans rushed the field after the home team won an unexpected victory over Egypt's top club Wednesday, setting off clashes and a stampede that left at least 73 people dead and 1,000 injured in a Mediterranean port city, officials said.

Romney supports automatic hikes in minimum wage (AP)

Posted: 01 Feb 2012 01:25 PM PST

Republican presidential candidate, former Massachusetts Gov. Mitt Romney speaks at a campaign rally in Eagan, Minn., Wednesday, Feb. 1, 2012. (AP Photo/Gerald Herbert)AP - Republican presidential contender Mitt Romney renewed his support Wednesday for automatic increases in the federal minimum wage to keep pace with inflation, a position sharply at odds with traditional GOP business allies, conservatives and the party's senior lawmakers.

Obama details broader housing plan (AP)

Posted: 01 Feb 2012 01:16 PM PST

President Barack Obama holds up a proposed mortgage application form as he speaks at the James Lee Community Center in Falls Church, Va., Wednesday, Feb. 1, 2012. Obama outlined a proposal he proposed in his State of the Union address to allow homeowners with privately held mortgages to take advantage of record low rates, for an annual savings of about $3,000 for the average borrower. (AP Photo/Cliff Owen)AP - President Barack Obama called on Congress Wednesday to make it easier for millions of additional homeowners to refinance their mortgages at lower interest rates even if they owe more than their homes are worth. He conceded that his administration's housing plans so far have not lived up to their promise.

Taliban deny they are ready for Afghan peace talks (AP)

Posted: 01 Feb 2012 12:46 PM PST

Pakistan Foreign Minister Hina Rabbani Khar, left, speaks during a joint press conference with her Afghan counterpart Zalmai Rasool at the foreign ministry in Kabul, Afghanistan, Wednesday, Feb. 1, 2012. (AP Photo/Ahmad Jamshid)AP - The Taliban dismissed reports they are preparing to talk peace with the Afghan government, and a NATO report leaked Wednesday shows captured insurgents full of confidence they will seize power after international troops leave.

Romney: Not focused on poor, they have safety net (AP)

Posted: 01 Feb 2012 12:37 PM PST

A gay rights activist, not pictured, throws a cup of glitter on Republican presidential candidate, former Massachusetts Gov. Mitt Romney as he walks to the stage at the start of a campaign rally in Eagan, Minn., Wednesday, Feb. 1, 2012. (AP Photo/Gerald Herbert)AP - Republican presidential front-runner Mitt Romney, confident after his Florida primary victory, ended up inviting criticism Wednesday when he said he's "not concerned about the very poor" because they have an "ample safety net."

Paul: Immigration not solved by barbed wire, guns (AP)

Posted: 01 Feb 2012 01:17 PM PST

Republican presidential candidate, Rep. Ron Paul, R-Texas speaks to members of the group Hispanics in Politics, Wednesday, Feb. 1, 2012, in Las Vegas. (AP Photo/Julie Jacobson)AP - Republican presidential hopeful Ron Paul outlined his views on immigration Wednesday, saying he favors a compassionate policy that doesn't rely on "barbed-wire fences and guns on our border."

Treasure hunter says he found $3B WWII wreck (AP)

Posted: 01 Feb 2012 01:23 PM PST

AP - A treasure hunter said Wednesday he has located the wreck of a British merchant ship that was torpedoed by a German U-boat off Cape Cod during World War II while carrying what he claims was a load of platinum bars now worth more than $3 billion.

Where's the snow? Not in Lower 48; but elsewhere (AP)

Posted: 01 Feb 2012 01:19 PM PST

FILE - In this Feb. 2, 2011 file photo, hundreds of cars are seen stranded on Lake Shore Drive Wednesday, Feb. 2, 2011 in Chicago. A winter blizzard of historic proportions wobbled an otherwise snow-tough Chicago, stranding hundreds of drivers for up to 12 hours overnight on the city's showcase lakeshore thoroughfare and giving many city schoolchildren their first ever snow day. A year later temperatures are in the mid 50's and flirting with record highs for this date. (AP Photo/Kiichiro Sato,File)AP - Snow has gone missing in action for much of the U.S. the last couple months. But it's not just snow. It's practically the season that's gone AWOL.

Don Cornelius took 'Soul Train' on pioneering trip (AP)

Posted: 01 Feb 2012 01:19 PM PST

FILE - This Monday, March 6, 2006 file photo shows Don Cornelius at his office in Los Angeles. Cornelius, creator of the long-running TV dance show 'Soul Train,' shot himself to death Wednesday morning, Feb. 1, 2012 at his home in Los Angeles, police said. He was 75. (AP Photo/Damian Dovarganes, File)AP - In an era when Beyonce and Jay-Z are music royalty, when Barack Obama is the nation's chief executive, and when black stars in the cast of a TV show are commonplace, it may be hard to grasp the magnitude of what Don Cornelius created once he got his "Soul Train" rolling.

Lisa Marie Presley wants to make better Elvis film (AP)

Posted: 01 Feb 2012 01:19 PM PST

In this Tuesday, Jan. 31, 2012 photo, Lisa Marie Presley stands next to her childhood crib displayed with other mementos in the new exhibit 'Elvis Through His Daughter's Eyes' which opens Wednesday, Feb. 1, 2012 at Graceland in Memphis, Tenn. She was born on Feb. 1, 1968. (AP Photo/Lance Murphey)AP - Over the years, Lisa Marie Presley has become dissatisfied with movies chronicling her father's life, so she just might make a film about the rock `n' roll icon.

After Florida win, Romney stumbles in comments on poor (Reuters)

Posted: 01 Feb 2012 01:19 PM PST

Republican presidential candidate and former Massachusetts Governor Mitt Romney answers questions from reporters outside his campaign offices in Tampa, Florida January 31, 2012. REUTERS/Brian SnyderReuters - Republican presidential candidate Mitt Romney ran into a wall of criticism on Wednesday for remarks suggesting he was indifferent to America's poor, after scoring a resounding victory in the Florida primary.

Obama presses Congress to step up aid for homeowners (Reuters)

Posted: 01 Feb 2012 11:29 AM PST

President Barack Obama holds up a proposed mortgage application form as he speaks at the James Lee Community Center in Falls Church, Va., Wednesday, Feb. 1, 2012. Obama outlined a proposal he proposed in his State of the Union address to allow homeowners with privately held mortgages to take advantage of record low rates, for an annual savings of about $3,000 for the average borrower. (AP Photo/Cliff Owen)Reuters - President Barack Obama on Wednesday pressed lawmakers to back a $5 billion to $10 billion plan to help U.S. homeowners refinance, part of an election-year package that is unlikely to overcome Republican opposition in Congress.

AMR expects to slash about 13,000 jobs (Reuters)

Posted: 01 Feb 2012 12:31 PM PST

Reuters - AMR Corp, the bankrupt parent of American Airlines, expects to slash about 13,000 jobs as part of a cost-cutting strategy the carrier says is necessary to compete with rivals.

Exclusive: Mortgage deal would give states enforcement clout (Reuters)

Posted: 01 Feb 2012 12:44 PM PST

Reuters - A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters on Wednesday.

Manufacturing picks up, but private job gains slow (Reuters)

Posted: 01 Feb 2012 11:39 AM PST

Reuters - Manufacturing growth accelerated in January to its highest level in seven months, though a measure of employment faded and private-sector employers added fewer jobs than expected, data showed on Wednesday.

Facebook to file $5 billion IPO Wednesday: IFR (Reuters)

Posted: 31 Jan 2012 03:29 PM PST

Reuters - Facebook is expected to submit paperwork to regulators on Wednesday morning for a $5 billion initial public offering and has selected Morgan Stanley and four other bookrunners to handle the mega-IPO, sources close to the deal told IFR.

Ex-Credit Suisse traders charged in subprime case (Reuters)

Posted: 01 Feb 2012 12:58 PM PST

Reuters - Several former Credit Suisse traders manipulated the books on mortgage-backed securities when the U.S. real estate market slumped in 2007 and 2008, two of the former traders at the investment bank said in court on Wednesday.

Stanford used CD funds for cricket, jets: witness (Reuters)

Posted: 01 Feb 2012 12:53 PM PST

Reuters - Allen Stanford funneled $2 billion of investor money from his offshore bank to pay operating expenses at his other companies, including money-losing airlines and his cricket concerns, a former Stanford Financial Group accountant said on Wednesday.

Mitt Romney wins big in Florida primary, retakes lead for nomination (The Christian Science Monitor)

Posted: 31 Jan 2012 05:40 PM PST

The Christian Science Monitor - Mitt Romney won the Florida primary handily Tuesday, reasserting his status as front-runner for the Republican presidential nomination.

Occupy Wall St. nonviolence: Is Oakland the exception or the future? (The Christian Science Monitor)

Posted: 31 Jan 2012 05:36 PM PST

The Christian Science Monitor - As Occupy groups in Washington and Oakland generate contrasting images of Dream tents on the one coast and flag burning on the other, it’s becoming clear that the four month-old protest movement is facing its Hamlet moment: to be or not to be nonviolent.
Posted by Harshad at 1:37 PM

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