Monday, November 21, 2011

Co-chairs say debt panel has failed to reach deal (AP)

Co-chairs say debt panel has failed to reach deal (AP)

Co-chairs say debt panel has failed to reach deal (AP)

Posted: 21 Nov 2011 01:49 PM PST

Supercommittee member, Senate Finance Committee Chairman Sen. Max Baucus, D-Mont., walks with reporters as he departs the Capitol Hill office of Sen. John Kerry, D-Mass., after meeting with other Supercommittee members as time for action by the deficit reduction panel grows short, Monday, Nov. 21, 2011, on Capitol Hill in Washington. (AP Photo/J. Scott Applewhite)AP - The bipartisan leadership of a special congressional deficit supercommittee has officially announced that the panel has failed to reach an agreement.

The supercommittee sell-off: Dow loses almost 250 (AP)

Posted: 21 Nov 2011 01:27 PM PST

Traders Richard Cohen, left, and Lewis Vande-Pallen, right, work on the floor of the New York Stock Exchange Monday, Nov. 21, 2011. Stocks are taking a sharp fall in early trading Monday amid reports that a congressional committee will fail to agree on a plan to cut the U.S. government's budget deficit.(AP Photo/Richard Drew)AP - The stock market was not exactly surprised that the so-called supercommittee failed to reach a deal to cut the deficit. But since summer, investors have sold at the first hint of trouble.

Mother of bomb plot suspect apologizes to NYers (AP)

Posted: 21 Nov 2011 02:04 PM PST

Jose Pimentel, 27, right, represented by attorney Joseph Zablocki, left, is arraigned at Manhattan criminal court, Sunday, Nov. 20, 2011, in New York. Pimentel, 27, an 'al-Qaida sympathizer' accused of plotting to bomb police and post offices in New York City as well as U.S. troops returning home, was charged with criminal possession of explosive devices with the intent to use in a terrorist manner. (AP Photo/Jefferson Siegel, Pool)AP - The mother of a "lone wolf" accused of plotting to attack police stations and post offices with homemade bombs apologized to New Yorkers on Monday, even as questions arose about why federal authorities — who typically handle terrorism cases — declined to get involved in what city officials called a serious threat.

Egypt Cabinet offers to resign but protests go on (AP)

Posted: 21 Nov 2011 02:05 PM PST

Two Egyptian protesters throw rocks toward Egyptian riot police in Cairo, Egypt, Monday, Nov. 21, 2011. Security forces fired tear gas and clashed Monday with several thousand protesters in Cairo's Tahrir Square in the third straight day of violence that has killed dozens of people and has turned into the most sustained challenge yet to the rule of Egypt's military. (AP Photo)AP - Egypt's civilian Cabinet offered to resign Monday after three days of violent clashes between demonstrators and security forces in Tahrir Square, but the action failed to satisfy protesters deeply frustrated with the new military rulers.

Gingrich calls for private retirement accounts (AP)

Posted: 21 Nov 2011 02:05 PM PST

Republican presidential candidate, former House Speaker Newt Gingrich leaves after speaking at a town meeting at St. Anselm College in Manchester, N.H., Monday, Nov. 21, 2011. (AP Photo/Cheryl Senter)AP - Republican presidential contender Newt Gingrich on Monday proposed allowing younger workers still decades away from retirement to bypass Social Security and instead choose private investment accounts that would be subject to stock market gyrations.

Campus police chief on leave after pepper spraying (AP)

Posted: 21 Nov 2011 12:49 PM PST

In this Friday, Nov. 18, 2011, photo University of California, Davis Police Lt. John Pike uses pepper spray to move Occupy UC Davis protesters while blocking their exit from the school's quad Friday in Davis, Calif. Two University of California, Davis police officers involved in pepper spraying seated protesters were placed on administrative leave Sunday, Nov. 20, 2011, as the chancellor of the school accelerates the investigation into the incident. (AP Photo/The Enterprise, Wayne Tilcock)AP - The University of California, Davis said Monday that it has placed its police chief on administrative leave amid outrage over widely circulated videos of officers dousing pepper spray on student Occupy protesters.

AP source: Funding dispute will delay 9/11 museum (AP)

Posted: 21 Nov 2011 12:24 PM PST

Construction continues on the foundation of Tower Three, bottom, at the World Trade Center, Friday, Nov. 18, 2011 in New York. Tower One, rear, is now up to the 88th floor. (AP Photo/Mark Lennihan)AP - The 2012 opening of the Sept. 11 museum at the World Trade Center will be delayed by disputes over redevelopment costs, a person familiar with the construction project said Monday.

Penn St. taps ex-FBI director for investigation (AP)

Posted: 21 Nov 2011 01:29 PM PST

Former FBI director Louis Freeh, speaks after it was announced by Ken Frazier, chairman of the Penn State University special committee, that Freeh will lead an independent investigation into allegations of child abuse by a former Penn State employee Monday, Nov. 21, 2011 in Philadelphia. (AP Photo/Alex Brandon)AP - Former FBI director Louis Freeh, tapped to lead Penn State's investigation into the child sex-abuse allegations against a former assistant football coach, said his inquiry will go as far back as 1975, a much longer period than a grand jury report issued earlier this month.

Missing girl's mom arrested on child abuse charges (AP)

Posted: 21 Nov 2011 01:38 PM PST

FILE - This undated file photo provided by the Glendale Police Department shows 5-year-old Jhessye Shockley. Glendale police said Monday, Nov. 21, 2011, that they will release new information Monday about the investigation into Shockley's disappearance. She has been missing for more than a month. (AP Photo/Glendale Police Department, File)AP - The mother of a missing 5-year-old Arizona girl has been arrested on suspicion of child abuse, police said Monday.

Verlander wins AL MVP, 1st starter in 25 years (AP)

Posted: 21 Nov 2011 01:33 PM PST

FILE - In this July 5, 2011 file photo, Detroit Tigers starting pitcher Justin Verlander works against the Los Angeles Angels during the first inning of a baseball game in Anaheim, Calif. Verlander won the American League MVP Award in voting announced Monday, Nov. 21, 2011. (AP Photo/Alex Gallardo, File)AP - Detroit's Justin Verlander became the first starting pitcher in a quarter-century voted Most Valuable Player, adding it to the Cy Young Award he won last week.

Deficit panel fails to reach deal (Reuters)

Posted: 21 Nov 2011 01:51 PM PST

U.S. Senator John Kerry (D-MA), one the lawmakers on the 12-member Reuters - A congressional "super committee" on Monday failed to reach a deal on reducing federal government deficits, the co-chairs of the panel said.

Egyptian police battle protesters, 33 dead (Reuters)

Posted: 21 Nov 2011 01:27 PM PST

Police officers stand guard with their weapons during clashes at Tahrir Square in Cairo November 21, 2011. REUTERS/Amr Abdallah DalshReuters - Cairo police fought protesters demanding an end to army rule for a third day on Monday and the death toll rose to 33, with many victims shot, in the worst violence since the uprising that toppled President Hosni Mubarak.

HP reports revenue above Street estimates (Reuters)

Posted: 21 Nov 2011 01:50 PM PST

Reuters - Hewlett-Packard Co's quarterly results exceeded Wall Street's modest expectations, while a weak 2012 earnings forecast underscores that the technology giant is heading into a testing year.

Global economic outlook grim, China tells U.S. trade (Reuters)

Posted: 21 Nov 2011 09:48 AM PST

Reuters - Chinese Vice-Premier Wang Qishan warned on Monday the global economy is in a grim state and the visiting U.S. commerce secretary said China would spend $1.7 trillion on strategic sectors as Beijing seeks to bolster waning growth.

Accused White House shooter to have mental exam (Reuters)

Posted: 21 Nov 2011 12:31 PM PST

Reuters - An accused White House shooter, who allegedly called President Barack Obama the "devil" and "anti-Christ," was ordered on Monday to undergo a mental exam to determine his competency to face charges of attempting to kill the president.

Chains brace for discount-filled holiday season (Reuters)

Posted: 21 Nov 2011 12:53 PM PST

Reuters - U.S. retailers trying to woo shoppers with early deals and longer hours this week and throughout the holiday season could be putting their profits at risk as shoppers search for bargains and not much else.

Spain new premier refuses to reveal plans (Reuters)

Posted: 21 Nov 2011 10:58 AM PST

Reuters - Prime Minister-elect Mariano Rajoy resisted pressure on Monday to disclose his plans for rescuing Spain from economic disaster, keeping anxious Spaniards and impatient investors on edge following his election triumph.

Goldman CEO, CFO may face Gupta insider testimony (Reuters)

Posted: 21 Nov 2011 01:57 PM PST

Reuters - Goldman Sachs Group Inc Chief Executive Officer Lloyd Blankfein and Chief Financial Officer David Viniar could be asked to testify in former board member Rajat Gupta's civil insider-trading case, according to court documents.

UC Davis pepper spray incident goes viral (The Christian Science Monitor)

Posted: 20 Nov 2011 01:11 PM PST

The Christian Science Monitor - Police use of pepper spray to disperse “occupy” demonstrators at UC Davis has set off a firestorm of protest, the suspension of two officers, and calls for the school’s chancellor to resign.

Ron Paul's strength in Iowa shows it's too soon to write him off (The Christian Science Monitor)

Posted: 20 Nov 2011 10:00 AM PST

The Christian Science Monitor - To most pollsters and pundits, any mention of Ron Paul typically comes with an implied asterisk. Whether they say it outright or not, they don’t think the Texas congressman has a chance of being the GOP presidential nominee. Too far outside mainstream, tea party, or born-again socially conservative Republicanism, they say. More libertarian than anything else.
Posted by Harshad at 2:12 PM

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