Thursday, January 26, 2012

Panetta: US ground forces would be cut by 100,000 (AP)

Panetta: US ground forces would be cut by 100,000 (AP)

Panetta: US ground forces would be cut by 100,000 (AP)

Posted: 26 Jan 2012 11:56 AM PST

Defense Secretary Leon Panetta outlines the main areas of proposed spending cuts during a news conference at the Pentagon, Thursday, Jan., 26, 2012. (AP Photo/Pablo Martinez Monsivais)AP - Pentagon leaders outlined a plan Thursday for absorbing $487 billion in defense cuts over the coming decade by shrinking U.S. ground forces, slowing the purchase of a next-generation stealth fighter and retiring older planes and ships.

Somali captors move US hostage after SEAL raid (AP)

Posted: 26 Jan 2012 01:00 PM PST

This combination photo made from undated images provided by the Danish Refugee Council shows Dane Poul Hagen Thisted, left, and American Jessica Buchanan. U.S. military forces flew into Somalia in a nighttime raid Wednesday, Jan. 25, 2012 and freed the two hostages while killing nine pirates, officials and a pirate source said. (AP Photo/Danish Refugee Council)AP - Pirates moved an American hostage at least three times in 24 hours and threatened Thursday to kill him after U.S. Navy SEALs rescued an American and a Dane in a bold, dark-of-night raid that raises questions about whether other Western captives are now in greater danger.

Dow approaches highest level since 2008 crisis (AP)

Posted: 26 Jan 2012 11:50 AM PST

In this Jan. 25, 2012 photo, traders Thomas Kay, left, Marshall Ryan, center, and Robert McQuade work on the floor of the New York Stock Exchange. World stock markets rose on Thursday, Jan. 26, after the U.S. Federal Reserve pledged to keep interest rates low until late 2014 to nurture the country's stubbornly slow economic recovery. (AP Photo/Richard Drew)AP - The Dow Jones industrial average rose above its highest closing price since the financial crisis Thursday morning but the rally quickly fizzled, leaving stocks slightly lower in afternoon trading.

Gingrich reveals income, but not how he earned it (AP)

Posted: 26 Jan 2012 11:40 AM PST

FILE - In this Jan. 25, 2012 file photo, Republican presidential candidate former House Speaker Newt Gingrich speaks in Cocoa, Fla. Gingrich beat his main GOP rival, Mitt Romney, to the punch by releasing his most recent tax return last week. But Gingrich still hasn't revealed how he earned most of his $3.1 million. (AP Photo/Matt Rourke, File)AP - Former House Speaker Newt Gingrich beat his main GOP presidential rival, Mitt Romney, to the punch by releasing his most recent tax return. But Gingrich still hasn't revealed how he earned most of his $3.1 million.

CIA to pull officer from NYPD after internal probe (AP)

Posted: 26 Jan 2012 12:27 PM PST

FILE--A Jan. 18, 2012 file photo shows New York City Police Commissioner Raymond Kelly during a news conference at the New York Police Department in New York. Kelly apologized Wednesday, Jan. 25, 2012, for appearing in a documentary movie about terrorism that Muslim groups have criticized as inflammatory, and said his department acted wrongly when it later showed the film to counterterrorism trainees. (AP Photo/Kathy Willens/file)AP - A CIA operative's unusual assignment inside the New York Police Department is being cut short after an internal investigation that criticized how the agency established its unprecedented collaboration with city police, The Associated Press has learned.

Campaigning Mitt Romney seldom notes Mexican roots (AP)

Posted: 26 Jan 2012 11:57 AM PST

Leighton Romney, a second cousin of U.S. Republican presidential candidate Mitt Romney, poses for a portrait in the parking lot of his import-export company in Nuevo Casas Grandes, Mexico, Tuesday, Jan. 24, 2012. Romney's father, George, was born in Nuevo Casas Grandes and several descendants of his grandfather's brother live in the nearby community of Colonia Juarez. (AP Photo/Dario Lopez-Mills)AP - White House hopeful Mitt Romney rarely mentions a key fact as he works to woo Hispanics ahead of Tuesday's Republican presidential nominating contest in Florida — his own Mexican heritage.

Obama-Brewer friction on display on tarmac tiff (AP)

Posted: 26 Jan 2012 12:39 PM PST

Arizona Gov. Jan Brewer points at President Barack Obama after he arrived at Phoenix-Mesa Gateway Airport, Wednesday, Jan. 25, 2012, in Mesa, Ariz. Brewer greeted Obama and what she got was a book critique. Of her book. The two leaders engaged in an intense conversation at the base of Air Force One’s steps. Both could be seen smiling, but speaking at the same time. Asked moments later what the conversation was about, Brewer, a Republican, said: 'He was a little disturbed about my book.' Brewer recently published a book, 'Scorpions for Breakfast,' something of a memoir that describes her years growing up and defends her signing of Arizona’s controversial law cracking down on illegal immigrants, which Obama opposes. Brewer also handed Obama an envelope with a handwritten invitation for Obama to return to Arizona to meet her for lunch and to join her for a visit to the border. (AP Photo/Haraz N. Ghanbari)AP - Arizona Gov. Jan Brewer says she meant no disrespect when she pointed a finger at President Barack Obama during an intense discussion on an airport tarmac. But the Republican governor says the Democratic president showed disrespect for her by abruptly ending their conversation.

Rep. Barney Frank to marry longtime partner (AP)

Posted: 26 Jan 2012 12:17 PM PST

FILE - In this Tuesday, Nov. 29, 2011 file photo, Rep. Barney Frank, D-Mass. gestures during his news conference on his retirement on Capitol Hill in Washington. A spokesman for Frank confirmed Thursday, Jan. 26, 2012, that Frank a gay pioneer in Congress, plans to marry Jim Ready, his longtime partner from Maine. Frank is retiring from Congress at the end of the 2012 term. (AP Photo/Pablo Martinez Monsivais)AP - Retiring Rep. Barney Frank, a gay pioneer in Congress, said Thursday that he will marry his longtime partner, Jim Ready.

Ne-Yo wants to integrate music as new Motown VP (AP)

Posted: 26 Jan 2012 01:01 PM PST

In this Jan. 10, 2012 photo, actor and recording artist Ne-Yo poses for a portrait in New York. Ne-Yo has been named senior vice president of A&R for Motown Records. (AP Photo/Carlo Allegri)AP - Ne-Yo has a dream: He believes the record industry is segregated, and has hopes of changing that as the new senior vice president of artists and repertoire for Motown Records.

Phil Knight at JoePa event: Who's real trustee? (AP)

Posted: 26 Jan 2012 12:37 PM PST

Charles V. Pittman, senior vice president for publishing at Schurz Communications Inc., an Indiana-based company that owns television and radio stations and newspapers speaks at 'A Memorial for Joe' in honor of Joe Paterno at the Bryce Jordan Center in State College, Pa. Thursday Jan. 26, 2012. Pittman is a former player who has said he was in Paterno's first class and was the coach's first All-America running back. A capacity crowd of more than 12,000 packed Penn State's Bryce Jordan Center for one more tribute to Paterno, the Hall of Fame football coach who died Sunday from lung cancer. (AP Photo/Alex Brandon)AP - Nike founder and chairman Phil Knight got a standing ovation at Joe Paterno's public memorial Thursday for defending the late coach's response to an accusation of child sex abuse against a former assistant.

Bernanke has "finger on trigger" for new bond buys (Reuters)

Posted: 26 Jan 2012 06:03 AM PST

Reuters - The Federal Reserve has moved closer to embarking on a new round of its controversial money-pumping after the central bank and its chairman Ben Bernanke highlighted a grim outlook for the U.S. economy.

ECB role under scrutiny as Greek debt talks resume (Reuters)

Posted: 26 Jan 2012 09:07 AM PST

Reuters - Greece's tortuous negotiations over a debt swap with private creditors honed in on Thursday on demands that the European Central Bank contribute to a deal to bring Athens' messy finances back on track.

Gingrich, Romney play for cheers in Florida debate (Reuters)

Posted: 26 Jan 2012 11:30 AM PST

Reuters - This time, the cheering will be back.

In historic shift, Fed sets inflation target (Reuters)

Posted: 26 Jan 2012 06:03 AM PST

Reuters - The Federal Reserve took the historic step on Wednesday of setting an inflation target, a victory for Chairman Ben Bernanke that brings the Fed in line with many of the world's other major central banks.

Corruption scandal shakes Vatican as internal letters leaked (Reuters)

Posted: 26 Jan 2012 11:55 AM PST

A general view of St. Peter square where Pope Benedict XVI celebrates the canonization ceremony in St. Peter square at the Vatican October 12, 2008. REUTERS/Alessandro BianchiReuters - The Vatican was shaken by a corruption scandal Thursday after an Italian television investigation said a former top official had been transferred against his will after complaining about irregularities in awarding contracts.

Nintendo sees first annual loss, cuts 3DS forecast (Reuters)

Posted: 26 Jan 2012 07:02 AM PST

Reuters - Nintendo Co Ltd posted a sharp drop in quarterly profit and forecast a bigger-than-expected full-year loss, its first at an operating level, as it battles a strong yen and its games devices lose ground to gadgets such as Apple's iPhone.

Congressman Frank to wed same-sex partner in Massachusetts (Reuters)

Posted: 26 Jan 2012 10:22 AM PST

Reuters - Barney Frank, a gay 16-term congressman from Massachusetts, plans to marry his partner, his office said on Thursday.

Pentagon cuts reshape military, trim costs (Reuters)

Posted: 26 Jan 2012 12:44 PM PST

Reuters - The Pentagon unveiled a 2013 budget plan on Thursday that would cut the size of the U.S. military by eliminating nearly 100,000 ground troops, mothballing ships and trimming air squadrons in an effort to reduce spending by $487 billion over the next decade.

The bumbling jihadi? Alleged terror backer guessed FBI was listening. (The Christian Science Monitor)

Posted: 25 Jan 2012 04:52 PM PST

The Christian Science Monitor - An Uzbekistan man living in Denver has been charged with attempting to provide material support to a militant Islamic group in his home country.

Why Jerry Brown is standing firm on shaky California high-speed rail plan (The Christian Science Monitor)

Posted: 25 Jan 2012 04:23 PM PST

The Christian Science Monitor - A new report by the state auditor concludes that California’s proposed $98.5 billion bullet train is “increasingly risky” and has inadequate oversight, adding to a growing pile of formal assessments that raise major concerns about the project.
Posted by Harshad at 1:07 PM

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