Wednesday, April 25, 2012

Draghi says Europe needs growth pact

Draghi says Europe needs growth pact


Draghi says Europe needs growth pact

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European Central Bank President Mario Draghi addresses the committee on economic and monetary affairs at the European parliament in Brussels, Wednesday April 25, 2012. (AP Photo/Geert Vanden Wijngaert)European Central Bank head Mario Draghi gave a muted outlook for the European economy and called for a "growth compact" to restore lost competitiveness across Europe.


Senate: Make it tougher to close post offices

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A Senate bill aimed at saving the U.S. Postal Service would make it harder to close thousands of low-revenue post offices and end Saturday mail delivery, even though the struggling agency says those moves are just what's needed to reduce its massive debt and become profitable again.

House backs bill capping gov't spending on junkets

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FILE - In this April 16, 2012 file photo, House Oversight and Government Reform Committee Chairman Rep. Darrell Issa, R-Calif., right, talks with the Committee's ranking Democrat, Rep. Elijah Cummings, D-Md., on Capitol Hill in Washington. Outraged by lavish government conferences on the taxpayers' tab, the House easily approved a measure Wednesday to impose tough limits on future events and how much agencies can spend as well as to create a one-stop system for Americans to track where federal dollars go. (AP Photo/J. Scott Applewhite, File)Outraged by lavish government conferences on the taxpayers' tab, the House easily approved a measure Wednesday to impose tough limits on future events and how much agencies can spend as well as to create a one-stop system for Americans to track where federal dollars go.


Supreme Court hints OK on Ariz. immigration law

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Arizona Gov. Jan Brewer speaks to reporters outside the Supreme Court in Washington, Wednesday, April 25, 2012, after the court held a hearing on Arizona's Bucking the Obama administration, Supreme Court justices seemed to find little trouble Wednesday with major parts of Arizona's tough immigration law that require police to check the legal status of people they stop for other reasons.


African Union: Sudan must stop bombing South Sudan

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In this Tuesday, April 24, 2012 photo, Sudanese armed forces ride a military vehicle at the oil-rich border town of Heglig, Sudan. The African Union says Sudan must stop the aerial bombardment of South Sudan and has called on both countries to cease hostilities immediately. (AP Photo/Abd Raouf)The African Union called on Sudan to stop its aerial bombardment of South Sudan and for both countries to cease hostilities, as an uneasy calm settled over the south Wednesday.


House GOP responds with own bill to protect women

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House Republicans determined to show women voters that they have their interests at heart on Wednesday announced plans to renew the Violence Against Women Act, the federal government's main domestic violence program.

El Paso officials seek answers on canceled fight

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Officials demanded more details Wednesday about the security threat that prompted the University of Texas System to block a boxing match in El Paso.

Fed: Economy growing moderately; no policy changes

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The Federal Reserve says the economy is growing moderately while cautioning that risks from Europe remain. It's holding off on taking any further steps to boost the recovery.

Spidey foes to rattle 'Amazing Spider-Man' game

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In this video game image released by Activision Inc., Spider-Man and Felicia Hardy are shown in a scene is shown from Spider-Man must contend with more than just a lizard in his latest video game adventure.


NY woman admits faking cancer in wedding scheme

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Jessica Vega appears in Orange County Court in Goshen, N.Y. on Wednesday, April 25, 2012. An Orange County Grand jury has indicted Vega, 25, with grand larceny and scheme to defraud. According to the indictment, Vega accepted thousands of dollars in donated services and goods after claiming in 2010 that she was dying of leukemia. (AP Photo/Times Herald-Record, Tom Bushey) MANDATORY CREDITA New York woman admitted Wednesday that she faked cancer to con donors out of money and services for her wedding and Caribbean honeymoon.


Teacher says Catholic school fired her over IVF

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An Indiana teacher who says she was fired from a Roman Catholic school for using in vitro fertilization to try to get pregnant is suing in a case that could set up a legal showdown over reproductive and religious rights.

Student loans emerge as economic issue in campaign

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President Barack Obama speaks at the University of Iowa, Wednesday, April 25, 2012, in Iowa City, Iowa. (AP Photo/Carolyn Kaster)In the state that began his White House march, President Barack Obama looked every bit the campaigner Wednesday as he told supporters that "Iowa always feels like home to me."


AP Interview: Booby traps found by bomb expert

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This photo released on Monday, April 23, 2012 by the Utah County Sheriff's Department shows part of a booby traps found along a hiking trail as part of a crude shelter made of dead tree limbs found in a Provo Canyon, Utah. Two men have been arrested on suspicion of setting the traps and were booked Saturday into the county jail for investigation of misdemeanor reckless endangerment. (AP Photo/Utah County Sheriff Department)U.S. Forest Service Officer James Schoeffler is trained to spot the suspicious.


Bahrain: Jailed hunger striker in good health

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A jailed activist on a hunger strike since early February is in "good health" and receiving medical care, Bahraini officials said Wednesday, responding to opposition groups claiming his condition was sharply deteriorating.

Instant View: Bernanke says Fed prepared to do more for economy

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NEW YORK (Reuters) - Federal Reserve Chairman Ben Bernanke on Wednesday said the U.S. central bank "would not hesitate" to launch another round of bond purchases to drive borrowing costs lower if it looked like the economy needed it. COMMENTS: KATHY LIEN, DIRECTOR OF RESEARCH, GFT FOREX, JERSEY CITY "At the end of the day, there is still not enough consensus inside the Federal Reserve for any major decisions to be made. While Bernanke's dovish comments drove the dollar lower, the reality is that QE3 is not an imminent risk. ...

Bernanke says Fed prepared to do more for economy

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U.S. Federal Reserve Chairman Ben Bernanke attends the IMFC meeting in WashingtonWASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke on Wednesday said the U.S. central bank "would not hesitate" to launch another round of bond purchases to drive borrowing costs lower if it looked like the economy needed it. "We remain entirely prepared to take additional balance sheet actions as necessary to achieve our objectives," Bernanke told reporters. "Those tools remained very much on the table and we would not hesitate to use them should the economy require that additional support. ...


Actor Sean Penn receives award for work in Haiti

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Actor Sean Penn addresses the crowd after receiving the 2012 Peace Summit Award from Mikhail Gorbachev, former President of the Union of Soviet Socialist Republics, during the World Summit of Nobel Peace Laureates Wednesday, April 25, 2012, in Chicago. (AP Photo/Charles Rex Arbogast)Oscar-winning actor Sean Penn has accepted an award from a gathering of Nobel Peace Prize laureates for his work in earthquake-ravaged Haiti.


Harley-Davidson 1Q profit revs up as sales jump

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FILE - In this Jan. 20, 2012 file photo, Harley-Davidson motorcycles are for sale in the show room of Hall's Harley-Davidson Cycles in Springfield, Ill. Harley-Davidson Inc. said Wednesday, April 25, 2012, that its first-quarter profit jumped 44 percent, as improving economic conditions boosted U.S. sales of its well-known motorcycles. The results beat Wall Street expectations and the company boosted its shipment guidance for the year. (AP Photo/Seth Perlman)Harley-Davidson's first-quarter profit jumped 44 percent, as improving economic conditions and early spring weather boosted U.S. sales of its famous motorcycles.


Prosecutors show photos of Hudson's slain nephew

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Amy Thompson, a defense attorney for William Balfour, heads back to court in Chicago, Tuesday, April 24, 2012, following a lunch break on the second day of Balfour's trial. Balfour is charged in the October 2008 murders of singer and actress Jennifer Hudson's mother, brother and nephew. (AP Photo/M. Spencer Green)The otherwise blank-faced defendant accused of killing Jennifer Hudson's family appeared to cry at his trial Wednesday when prosecutors projected photographs onto a large screen of the bloodied body of the youngest victim — the Hollywood star's 7-year-old nephew.


Exxon is top dividend payer after 21 pct. increase

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Exxon is raising its quarterly dividend by 21 percent. In doing so, it becomes the top corporate dividend payer, surpassing AT&T.

Dreams of glory dashed in John Edwards's hometown

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Former Senator John EdwardsThere was a time when people in this historic US college town dared to dream that one of their own could become president. Then John Edwards got caught up in a whirlwind of sex, lies and betrayal -- and now they'd rather forget all about him.


TechBit: Facebook beefs up security

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Facebook is strengthening its security controls in an attempt to protect its 900 million users from spam and malicious content.

Marathon runner's death inspires $1M in donations

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This is an undated handout photo from RAFA of Claire Squires. The death of a runner Claire Squires in the London marathon has inspired a flood of donations to the charity she supported. Squires, who ran to raise money for the Samaritans, which works to prevent suicide, collapsed Sunday April 22, 2012 near the end of the course. The cause of her death has not been determined. (AP Photo/RAFA/PA) UNITED KINGDOM OUT NO SALES NO ARCHIVEDonations to the charity supported by a 30-year-old woman who died during the London Marathon topped $1 million on Wednesday as thousands took up her cause.


TSA screeners charged in LA drug trafficking probe

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Two former and two current Transportation Security Administration employees were accused of allowing large amounts of cocaine and other drugs to pass through X-ray machines at security checkpoints in exchange for cash, authorities said Wednesday.

Senate Dems ready bill freezing student loan costs

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This photo combo shows President Barack Obama in Chapel Hill, N.C. on April 24, 2012, and Republican presidential candidate, former Massachusetts Gov. Mitt Romney on April 18, 2012 in Charlotte, N.C. Obama and his likely GOP opponent, Romney, agree on an issue of importance to college students: Keeping the interest rate low on a popular federally subsidized student loan issued to low-and middle-income students. (AP Photo)President Barack Obama is playing politics with his push to prevent interest rates on federal student loans from increasing in an election-year effort to embarrass Republicans, the Senate's GOP leader said Wednesday.


THE RACE: Exiting presidential race can be painful

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Republican presidential candidate, former House Speaker Newt Gingrich greets supporters at an election rally in Concord, N.C., Tuesday, April 24, 2012. (AP Photo/Chuck Burton)Dropping out is hard to do. It's been especially hard for Newt Gingrich and Ron Paul.


Rubio elevating profile amid VP speculation

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Senate Foreign Relations Committee member Sen. Marco Rubio, R-Fla., left, jokes with Sen. Joseph Lieberman, I-Conn., before Rubio spoke about foreign policy at the Brookings Institution, in Washington, Wednesday, April 25, 2012. (AP Photo/Jacquelyn Martin)Sen. Marco Rubio has outlined his vision of a more muscular American foreign policy as Republican presidential candidate Mitt Romney begins the search for a running mate.


Champions League semi-final: Live Report

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Bayern Munich's Arjen Robben celebrates after scoring a penalty36 mins: Ronaldo has a direct kick in front of goal but flops his hat-trick opportunity, lobbing the place kick straight to Neuer.


Napolitano: Secret Service scandal 'inexcusable'

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Homeland Security Secretary Janet Napolitano testifies on Capitol Hill in Washington, Wednesday, April 25, 2012, before the Senate Judiciary Committee hearing on the Secret Service prostitution scandal that embarrassed the White House and overshadowed the president's visit to a Latin American summit. (AP Photo/Susan Walsh)There was no risk to President Barack Obama as a result of a prostitution scandal at a Colombia hotel that involved a dozen Secret Service officers, Homeland Security Secretary Janet Napolitano told a Senate panel Wednesday.


Clash of champions

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Clash of championsReal Madrid's Portuguese defender Pepe (top) heads the ball by Bayern Munich's midfielder Bastian Schweinsteiger (R) during the UEFA Champions League second leg semi-final football match Real Madrid against Bayern Munich at the Santiago Bernabeu stadium in Madrid.


Ronaldo celebrates

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Ronaldo celebratesReal Madrid's Portuguese forward Cristiano Ronaldo (L) celebrates after scoring his second goal during the UEFA Champions League second leg semi-final football match Real Madrid against Bayern Munich at the Santiago Bernabeu stadium in Madrid.


After Luck & RGIII, it's anxious time for players

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Robert Griffin III, center right, interacts with children during the NFL Play 60 Youth Football Festival, Wednesday, April 25, 2012, in New York. (AP Photo/Mary Altaffer)Andrew Luck knows exactly where he's heading and so does Robert Griffin III.


Napolitano faces questions on Secret Service

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Homeland Security Secretary Janet Napolitano testifies on Capitol Hill in Washington, Wednesday, April 25, 2012, before the Senate Judiciary Committee hearing on the Secret Service prostitution scandal that embarrassed the White House and overshadowed the president's visit to a Latin American summit. (AP Photo/Susan Walsh)There was no risk to President Barack Obama as a result of a prostitution scandal at a Colombia hotel that involved a dozen Secret Service agents, Homeland Security Janet Napolitano told a Senate panel Wednesday.


It's the Year of Big Money in politics

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In politics, this is the year of big money. It's the first presidential race since two court decisions in 2010 changed the rules.

APInterview: Booby traps found by military expert

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U.S. Forest Service Officer James Schoeffler is trained to spot the suspicious.

Obama makes student loan appeal in Iowa

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President Barack Obama participates in a roundtable discussion with students at the University of Iowa, Wednesday, April 25, 2012, in Iowa City, Iowa. At left is Blake Anderson. (AP Photo/Carolyn Kaster)President Barack Obama tells a boisterous crowd of students that keeping federal student loan rates low is as much about helping the broader economy as it is about meeting their financial needs


Donald Trump demands Scotland nix wind turbines

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In this photo released by the Scottish Parliament dated Wednesday April 25, 2012, US business magnate Donald Trump gives evidence to the Scottish Parliament's Economy Energy and Tourism Committee in Edinburgh, Scotland. Members of the committee are looking at how achievable the Scottish Government's green energy targets for 2020 are, with the meeting focusing on the impact the renewables industry could have on tourism and local communities. (AP Photo/Andrew Cowan/Scottish Parliament)He came, he saw, he blustered.


Study: Antarctic ice melting from warm water below

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Antarctica's massive ice shelves are shrinking because they are being eaten away from below by warm water, a new study finds. That suggests that future sea levels could rise faster than many scientists have been predicting.

Bernanke says bond purchases remain an option

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Federal Reserve Chairman Ben Bernanke said Wednesday that further bond purchases by the Fed remain "very much on the table" if the economy needs further support.

Gingrich to quit White House race after stormy bid

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U.S. Republican presidential candidate and former Speaker of the House Newt Gingrich speaks at a rally in ConcordWASHINGTON (Reuters) - Newt Gingrich is quitting the U.S. Republican presidential contest after a tumultuous campaign that saw him go from longshot to front-runner and back again. The final blow for the former House of Representatives speaker came on Tuesday night, when rival Mitt Romney easily won primary victories in five northeastern states that crowned him as the presumptive Republican nominee. Gingrich had campaigned heavily in Delaware as the conservative alternative to Romney but he lost by nearly 30 percentage points there. ...


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