Wednesday, June 29, 2011

Obama challenges GOP on debt talks: 'Get it Done' (AP)

Obama challenges GOP on debt talks: 'Get it Done' (AP)

Obama challenges GOP on debt talks: 'Get it Done' (AP)

Posted: 29 Jun 2011 12:29 PM PDT

President Barack Obama gestures during a news conference in the East Room of the White House in Washington, Wednesday, June 29, 2011. (AP Photo/Carolyn Kaster)AP - In a blunt challenge to Republicans in Congress, President Barack Obama insisted Wednesday that elimination of selected tax breaks for oil companies and the super-wealthy must be included in any deficit reduction plan.

Greece passes austerity, but riots seize capital (AP)

Posted: 29 Jun 2011 12:17 PM PDT

Riot police arrest a protestor at Syntagma Square in front of the Greek Parliament in central Athens, Wednesday, June 29, 2011. Greek deputies are to vote Wednesday on a deeply unpopular austerity bill that has provoked days of rioting in the streets of Athens, with the result of the vote determining whether the country can avoid a potentially disastrous default in the coming weeks. (AP Photo/)AP - Greece fended off a bankruptcy that would have roiled global markets and threatened the future of the euro when lawmakers on Wednesday backed controversial austerity measures in the face of violent protests.

Dozens of US cities line up to contest 2010 census (AP)

Posted: 29 Jun 2011 11:59 AM PDT

FILE - In this Jan. 14, 2010 file photo, a flag remains hanging in the principal's office at the Frederick Douglass High School in Detroit. With jobs and federal aid at stake, dozens of U.S. cities are lining up to contest their 2010 census counts as too low. A decade ago, there were 1,200 challenges filed by cities, towns and counties. Based on feedback so far, the U.S. Conference of Mayors is predicting a big jump in that number, due in part to tighter budgets that make local officials more sensitive to potential drop-offs in federal money for Medicaid and other programs. Nearly $450 billion in federal aid is distributed to states based on population each year, or roughly $1,500 per person. (AP Photo/Carlos Osorio, File)AP - With jobs and federal aid at stake, U.S. cities are lining up to contest their 2010 census counts as too low. A decade ago, there were 1,200 challenges filed by cities, towns and counties. The U.S. Conference of Mayors is predicting a big jump in that number, due in part to tighter budgets that make local officials more sensitive to potential drop-offs in federal money for Medicaid and other programs.

Obama reaps victory as judges uphold health law (AP)

Posted: 29 Jun 2011 12:24 PM PDT

FILE - In a June 13, 2011 file photo, President Barack Obama speaks to a group of supporters at a Miami fundraiser, where he launched his bid for reelection in Florida. In the first ruling by a federal appeals court on Obama's health care overhaul, a judicial panel in Cincinnati on Wednesday, June 29, 2011, affirmed an earlier ruling that Congress can require Americans to have minimum insurance coverage. (AP Photo/J Pat Carter, File)AP - In the first ruling by a federal appeals court on President Barack Obama's health care overhaul, a panel in Cincinnati handed the administration a victory Wednesday by agreeing that the government can require a minimum amount of insurance for Americans.

Scientists monitor air as fire burns near NM lab (AP)

Posted: 29 Jun 2011 12:03 PM PDT

New Mexico National Guardsman Zack Rodarte wears a mask while manning the checkpoint during the Las Conchas fire in Los Alamos, N.M., Wednesday, June 29, 2011. The wildfire 12 miles southwest of Los Alamos is 3 percent contained after burning across nearly 61,000 acres or 95 square miles. (AP Photo/Jae C. Hong)AP - As crews fight to keep a New Mexico wildfire from reaching the nation's premier nuclear-weapons laboratory and the surrounding community, scientists are busy sampling the air for chemicals and radiological materials.

2012 GOP candidate Cain: cut taxes, create jobs (AP)

Posted: 29 Jun 2011 12:37 PM PDT

Republican presidential candidate Herman Cain speaks in Greenville, S.C., Wednesday, June 29, 2011. (AP Photo/The Greenville News, Bart Boatwright)AP - Republican presidential candidate Herman Cain rolled out an economic plan in this pivotal primary state Wednesday firmly believing it would drop unemployment to no more than 5 percent, but he acknowledged he was still crunching the numbers.

Ill. likely to see fierce battle over gun control (AP)

Posted: 29 Jun 2011 12:54 PM PDT

AP - Illinois is on the verge of becoming the only state that bars people from carrying concealed guns, a situation that advocates of gun rights are eager to change.

Experts contest DNA evidence in Knox appeals trial (AP)

Posted: 29 Jun 2011 12:01 PM PDT

Amanda Knox, greets her parents, during her appeal hearing, in Perugia, Italy, Monday, June 27, 2011. The appeals trial of American student Amanda Knox against her murder conviction resumed Monday in a packed courtroom where an Ivorian man convicted in the slaying is to take the stand in closely watched testimony. Rudy Hermann Guede is serving a 16-year-prison sentence for the 2007 murder of Meredith Kercher, a British student who was stabbed to death in the apartment she shared with Knox. (AP Photo/Stefano Medici)AP - Amanda Knox won a crucial legal victory Wednesday as an independent forensic report said that much of the DNA evidence used to convict the American student and her co-defendant in the murder of her roommate is unreliable and possibly contaminated.

Dad's suicide note is setback for Anthony defense (AP)

Posted: 29 Jun 2011 11:47 AM PDT

George Anthony testifies during the murder trial of his daughter, Casey, at the Orange County Courthouse in Orlando, Fla., Wednesday, June 29, 2011. Casey Anthony, 25, has pleaded not guilty to first-degree murder in the death of her daughter, 2-year-old Caylee Anthony, and could face the death penalty if convicted of that charge. (Red Huber, Orlando Sentinel)AP - Casey Anthony's father wrote in a suicide note that he had unanswered questions about what happened to his granddaughter, a revelation that undercuts defense claims that the toddler drowned accidentally and he helped cover it up.

An Israeli algorithm sheds light on the Bible (AP)

Posted: 29 Jun 2011 11:45 AM PDT

FILE - This undated file photo made available by the Yad Ben Zvi Institute on Nov. 8, 2007, shows a piece of an ancient parchment believed to be part of the most authoritative manuscript of the Hebrew Bible, the Aleppo Codex. Software developed by an Israeli team of scholars led by Moshe Koppel, of Bar Ilan University near Tel Aviv, is giving intriguing new hints about what researchers believe to be the multiple hands that wrote the Bible. (AP Photo/Yad Ben Zvi Institute, File) NO SALESAP - Software developed by an Israeli team is giving intriguing new hints about what researchers believe to be the multiple hands that wrote the Bible. The new software analyzes style and word choices to distinguish parts of a single text written by different authors, and when applied to the Bible its algorithm teased out distinct writerly voices in the holy book.

Exclusive: S&P to deeply cut U.S. ratings if debt payment missed (Reuters)

Posted: 29 Jun 2011 09:52 AM PDT

Dan Parker of Shamokin, Pennsylvania, holds a U.S. flag outside the White House in Washington May 2, 2011. REUTERS/Kevin LamarqueReuters - The United States would immediately have its top-notch credit rating slashed to "selective default" if it misses a debt payment on August 4, Standard & Poor's managing director John Chambers told Reuters.

Amid debt talks, Obama calls for stimulus (Reuters)

Posted: 29 Jun 2011 12:28 PM PDT

U.S. Secretary of Treasury Timothy Geithner talks at The Wall Street Journal CFO Network conference in Washington, June 21, 2011. REUTERS/Larry DowningReuters - President Barack Obama called on Wednesday for new measures to spur hiring that are likely to further complicate talks with Republicans to bring the country's spiraling debt under control.

LSE, TMX abort merger plans, leaving both in play (Reuters)

Posted: 29 Jun 2011 12:40 PM PDT

A red London bus passes the Stock Exchange in London February 9, 2011. REUTERS/Luke MacGregorReuters - The London and Toronto stock exchanges abandoned plans for a C$3.6 billion ($3.7 billion) tie-up on Wednesday, leaving both in play in a world already facing a wave of exchange consolidation.

New settlement push in CFTC oil manipulation case (Reuters)

Posted: 29 Jun 2011 09:21 AM PDT

Traders work on the floor at the New York Stock Exchange, March 10, 2011. REUTERS/Brendan McDermidReuters - One of the biggest oil market manipulation cases undertaken by regulators is entering a new phase in which a judge will mediate settlement talks, three years after the case was launched.

BofA settles on mortgage repurchase claims (Reuters)

Posted: 29 Jun 2011 04:26 AM PDT

Reuters - Bank of America Corp settled nearly all of the claims related to the legacy Countrywide-issued first-lien residential mortgage-backed securitization (RMBS) repurchase exposure for $8.5 billion in cash .

Greek lawmakers endorse austerity despite violence (Reuters)

Posted: 29 Jun 2011 09:30 AM PDT

A protester wearing a gas mask walks beside a burning van during violent protests against austerity measures in Athens, June 28, 2011. REUTERS/Yannis BehrakisReuters - Greece's parliament approved deeply unpopular austerity measures despite worsening street violence on Wednesday, in a vote vital to secure international aid and prevent the euro zone's first sovereign debt default.

SEC proposes conduct rules for swap dealers (Reuters)

Posted: 29 Jun 2011 10:34 AM PDT

Reuters - Swap dealers would need to disclose more information to customers and provide added protection to clients like pension funds and municipalities under new rules proposed by securities regulators on Wednesday.

Afghan envoy questions central banker resignation (Reuters)

Posted: 29 Jun 2011 11:52 AM PDT

Reuters - Afghan President Hamid Karzai's envoy to Washington on Wednesday cast doubt about the motives of the man who pointed a finger at the Afghan government when he stepped down suddenly this week as head of the country's central bank.

Greece adopts austerity, street battles turn ugly (AFP)

Posted: 29 Jun 2011 09:25 AM PDT

Demonstrators clash with riot police in front of the Greek Parliament in Athens. Greek lawmakers backed a stinging new austerity plan demanded by international creditors, enraging protestors fighting street battles with police firing tear gas.(AFP/Aris Messinis)AFP - Greek lawmakers backed a stinging new austerity plan demanded by international creditors Wednesday, enraging protesters fighting street battles with police firing tear gas.

French military confirms arms drops to Libyan rebels (AFP)

Posted: 29 Jun 2011 09:28 AM PDT

Libyan rebels look towards the front line near Bir Al-Ghanam. France has air dropped arms to Libyan rebels in mountains south of Tripoli who are eyeing an assault on the capital, a day after anti-regime forces captured a network of weapons caches.(AFP/File/Colin Summers)AFP - The French military confirmed on Wednesday that earlier this month it had air dropped arms shipments to Libyan rebels fighting Moamer Kadhafi's forces in the highlands south of Tripoli.
Posted by Harshad at 1:01 PM

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