Tuesday, February 21, 2012

Dow breaks 13,000 for first time since '08 crisis (AP)

Dow breaks 13,000 for first time since '08 crisis (AP)

Dow breaks 13,000 for first time since '08 crisis (AP)

Posted: 21 Feb 2012 11:58 AM PST

Traders work on the floor at the New York Stock Exchange in New York, Tuesday, Feb. 21, 2012. U.S. stocks are opening higher and the Dow Jones industrial average is nearing 13,000 after Greece secured a bailout deal to keep it from default. (AP Photo/Seth Wenig)AP - The Dow Jones industrial average crossed 13,000 on Tuesday for the first time since May 2008, when the Lehman Brothers investment bank was solvent, unemployment a healthy 5.4 percent and the worst of the Great Recession months ahead.

Justices will review racial preference for college (AP)

Posted: 21 Feb 2012 12:54 PM PST

FILE - This Wednesday, Jan. 25, 2012 file photo shows the U.S. Supreme Court Building Washington. The court is setting an election-season review of racial preference in college admissions, agreeing Tuesday, Feb. 21, 2012 to consider new limits on the contentious issue of affirmative action programs. (AP Photo/J. Scott Applewhite)AP - The Supreme Court is setting an election-season review of racial preference in college admissions, agreeing Tuesday to consider new limits on the contentious issue of affirmative action programs.

Santorum blasts Obama's motives on power, abortion (AP)

Posted: 21 Feb 2012 12:47 PM PST

Republican presidential candidate, former Pennsylvania Sen. Rick Santorum, left, says the Pledge of Allegiance during a campaign stop at the Maricopa County Lincoln Day Luncheon, Tuesday, Feb. 21, 2012, in Phoenix, Arizona. (AP Photo/Eric Gay)AP - A surging Rick Santorum is making increasingly harsh remarks about President Barack Obama, questioning not just the president's competence but his motives and even his Christian values.

Dozens killed in Syria, Red Cross urges cease-fire (AP)

Posted: 21 Feb 2012 12:15 PM PST

In this Monday, Feb. 20, 2012 citizen journalism image provided by the Local Coordination Committees in Syria and accessed on Tuesday, Feb. 21, 2012, houses are seen destroyed from Syrian government forces shelling, at Baba Amr neighborhood in Homs province, Syria. An opposition group says several people have been killed in heavy shelling of a district in central Syria a day after the army sent reinforcements ahead of a possible ground assault. (AP Photo/Local Coordination Committees in Syria) THE ASSOCIATED PRESS IS UNABLE TO INDEPENDENTLY VERIFY THE AUTHENTICITY, CONTENT, LOCATION OR DATE OF THIS HANDOUT PHOTOAP - Food and water are running dangerously low in the besieged Syrian city of Homs, with frantic cries for help from residents amid government shelling that pounded rebel strongholds and killed at least 30 people Tuesday, activists said.

Greek bailout wards off disaster — for now (AP)

Posted: 21 Feb 2012 12:20 PM PST

Managing Director of the International Monetary Fund Christine Lagarde, left, speaks with Greek Prime Minister Lucas Papademos during a round table meeting of eurozone finance ministers at the EU Council building in Brussels on Monday, Feb. 20, 2012. Eurozone governments will likely approve on Monday a long-elusive rescue package for Greece, saving it from a potentially calamitous bankruptcy next month, senior officials said. But finance ministers meeting in Brussels will have a few last issues to wrangle over, such as tighter controls over Greece's spending and further cuts to the country's debt load. (AP Photo/Yves Logghe)AP - A second, euro130 billion ($172 billion) bailout and a deep debt write-off for financially stricken Greece will ward off a financial disaster in Europe.

Monitoring of Muslim students sparks outrage (AP)

Posted: 21 Feb 2012 12:19 PM PST

This Wednesday, Feb. 15, 2012 photo shows a University at Buffalo sign on the campus in Buffalo, N.Y. The New York Police Department monitored Muslim college students far more broadly than previously known, at schools far beyond the city limits, including the University at Buffalo, the Ivy League colleges of Yale and the University of Pennsylvania, The Associated Press has learned. (AP Photo/David Duprey)AP - Yale University and student groups are condemning the monitoring of Muslim college students across the Northeast by the New York Police Department, while Rutgers University and leaders of Muslim groups are calling for investigations.

11 children removed from Texas home in abuse case (AP)

Posted: 21 Feb 2012 12:59 PM PST

A rusty chair and some toys sit outside a Dayton, Texas, house Tuesday, Feb. 21, 2012, where 11 children, some of them reportedly found in restraints, where removed by children's protective services last month. Texas authorities said Tuesday, Feb. 21, 2012, that they removed 11 children last month from the home where a registered sex offender lives after they found eight confined in a small, dark bedroom with restraints tying some to their beds. One month after a raid on the house, authorities are still trying to determine how the children are related and why they were there, Child Protective Services spokeswoman Gwen Carter said. Along with the children, 10 adults were living in the one-story, 1,700-square-foot home. (AP Photo/Pat Sullivan)AP - Texas authorities said Tuesday they removed 11 children from a crowded home where a registered sex offender lives after they found eight confined in a small, dark bedroom with restraints tying some to their beds.

Sugarland lawyer blames fans for Indiana injuries (AP)

Posted: 21 Feb 2012 12:12 PM PST

FILE - In this Oct. 28, 2011, file photo the American country music duo Sugarland, featuring vocalist Jennifer Nettles, right, and guitarist Kristian Bush perform a benefit concert in Indianapolis for victims of the Aug. 13 Indiana fair stage collapse. In a Feb. 16, 2012, response to a civil suit filed in November, attorneys for Sugarland say the injuries fans suffered in the deadly collapse were their own fault because they failed to take steps to ensure their own safety before high winds toppled stage rigging. (AP Photo/AJ Mast, File)AP - Fans who were killed and injured when stage rigging and sound equipment collapsed onto them as they awaited a Sugarland concert at the Indiana State Fair failed to take steps to ensure their own safety and are at least in part to blame for their injuries, the country duo's attorneys said.

Oil price climbs on fear Iran may stop more oil (AP)

Posted: 21 Feb 2012 12:58 PM PST

Traders monitor oil prices, Tuesday, Feb. 21, 2012 at the New York Mercantile Exchange. Oil prices remained above $104 Tuesday but retreated from recent highs after European leaders agreed to lend Greece euro130 billion ($172 billion) to avoid a debt default.(AP Photo/Mark Lennihan)AP - Oil prices have climbed to the highest level since May on concerns that Iran will cut off more oil to Europe.

Balki's back! Bronson Pinchot has Pa.-based show (AP)

Posted: 21 Feb 2012 12:11 PM PST

In this photo taken Feb. 1, 2012, Bronson Pinchot poses for photos at his home in Harford, Pa. Pinchot, best known for his starring role on the 1980's sitcom 'Perfect Strangers,' is back on TV with a new show about restoring his historic Pennsylvania homes. The show, “The Bronson Pinchot Project,” premiered this month on the DIY cable network. (AP Photo/Heather Ainsworth)AP - For more than a decade, Bronson Pinchot has spent much of his downtime in the picture-book Pennsylvania hamlet where he found a dream home far from the stressful clamor of New York or L.A.

Europe seals new Greek bailout but doubts remain (Reuters)

Posted: 21 Feb 2012 08:06 AM PST

Reuters - Euro zone finance ministers agreed a 130-billion-euro ($172 billion) rescue for Greece on Tuesday to avert an imminent chaotic default after forcing Athens to commit to unpopular cuts and private bondholders to take bigger losses.

EU leaders to ask G20 to back higher IMF funds (Reuters)

Posted: 21 Feb 2012 09:50 AM PST

Reuters - European Union leaders will call at a summit next week for the world's 20 biggest economies (G20) to agree in April to substantially boost funds available to the International Monetary Fund, draft conclusions of the meeting showed.

Shifting focus, Obama campaign targets Santorum on economy (Reuters)

Posted: 21 Feb 2012 11:24 AM PST

Reuters - President Barack Obama's re-election campaign regularly rips Mitt Romney, long viewed as the frontrunner for the Republican presidential nomination, for his economic policies. On Tuesday, it added Romney's rival Rick Santorum to its list of top targets.

MF Global failure creates tax crunch for farmers (Reuters)

Posted: 21 Feb 2012 09:57 AM PST

Reuters - With the tax man breathing down his neck, Ohio farmer Tony Rohrs is scrambling to figure out how much money he made last year in an account at MF Global.

Wal-Mart holiday price cuts hit profits (Reuters)

Posted: 21 Feb 2012 11:18 AM PST

Reuters - Wal-Mart Stores Inc's price cuts hurt its fourth-quarter profit, reminding investors that steps the world's largest retailer is taking to bring back shoppers do come at a cost.

Strauss-Kahn held in French prostitution probe (Reuters)

Posted: 21 Feb 2012 10:19 AM PST

Reuters - Former IMF chief Dominique Strauss-Kahn was questioned by police on Tuesday over his dealings with an alleged prostitution ring that was run from the northern French city of Lille and organized sex parties in Paris, Brussels and Washington.

Saleh's deputy takes power in Yemen vote as sole candidate (Reuters)

Posted: 21 Feb 2012 12:36 PM PST

A woman shows her inked finger after casting her ballot during the presidential elections in Sanaa February 21, 2012. Yemenis began voting on Tuesday to replace President Ali Abdullah Saleh in an election many hope will give Yemen a chance to rebuild the country shattered by a year-long struggle that had pushed Yemen to the brink of civil war. Vice President Abd-Rabbu Mansour Hadi stands uncontested as a consensus candidate. REUTERS/Mohamed al-SayaghiReuters - A general took power in Yemen Tuesday as the sole candidate in a presidential election after a year-long uprising that ousted long-serving ruler Ali Abdullah Saleh but left the poor Arab country still teetering on the brink of chaos.

Afghan officials meeting Taliban in Pakistan (Reuters)

Posted: 21 Feb 2012 12:56 PM PST

Reuters - Afghan officials are holding talks with the Taliban in Pakistan, the head of a provincial peace council in the insurgency's heartland Kandahar said on Tuesday, in a possible signal that Islamabad is boosting its support for Afghan peace efforts.

Mitt Romney remains fundraising king, but look who's hard on his heels (The Christian Science Monitor)

Posted: 21 Feb 2012 09:10 AM PST

The Christian Science Monitor - Mitt Romney raised more money ($6.5 million) and spent more money ($19 million) in January than any of the other Republican presidential contenders. By the end of the month, he had won two of four contests. Yet three weeks into February â€" and two weeks after Rick Santorum trounced him in Colorado, Minnesota, and Missouri â€" Mr. Romney's campaign appears on the edge of crisis.

Affirmative action in college admissions goes back before Supreme Court (The Christian Science Monitor)

Posted: 21 Feb 2012 08:44 AM PST

The Christian Science Monitor - The US Supreme Court agreed on Tuesday to take up a potential blockbuster case testing the constitutionality of race-based admissions policies at the University of Texas.
Posted by Harshad at 1:16 PM

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