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| WTO urges G20 to keep up anti-protectionism pledge (Reuters)
February 25, 2009 at 1:36 am
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| | Reuters - Leaders from the G20 developed and emerging countries should not backtrack on their agreement last year to fight protectionism when they meet in London in April, the head of the World Trade Organization said on Wednesday. |
| On 'day of reckoning' Obama vows US will recover (AFP)
February 25, 2009 at 1:28 am
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|  AFP - President Barack Obama vowed to lead a fearful America through its torment to emerge stronger than ever, declaring a "day of reckoning" after an age of excess ended in economic meltdown.
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| AIG may abandon asset sales plan: report (Reuters)
February 25, 2009 at 1:25 am
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| | Reuters - American International Group Inc may scrap a plan to repay a $60 billion U.S. government loan by selling businesses, after failing to find enough promising bidders, Bloomberg said, citing people with knowledge of the matter. |
| Duncan sits out, but Spurs crush Mavs 93-76 (AP)
February 25, 2009 at 12:34 am
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|  AP - Tony Parker had 37 points and 12 assists with All-Star teammate Tim Duncan sitting out with a sore right knee, and the short-handed San Antonio Spurs held the Dallas Mavericks to their worst offensive showing this season in a 93-76 victory on Tuesday night.
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| More evidence links alcohol, cancer in women (AP)
February 25, 2009 at 12:25 am
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| | AP - A study of nearly 1.3 million British women offers yet more evidence that moderate alcohol consumption increases the risk of a handful of cancers. British researchers surveyed middle-aged women at breast cancer screening clinics about their drinking habits, and tracked their health for seven years. |
| Obama vows to lead US from dire 'day of reckoning' (AP)
February 25, 2009 at 12:14 am
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|  AP - Standing before the nation on a "day of reckoning," President Barack Obama summoned politicians and public alike Tuesday night to forge a path out of the worst economic disaster in a quarter-century by embracing shared sacrifice and costly new endeavors to improve health care, schools and the environment.
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| Burris refuses to resign despite plea from Durbin (AP)
February 24, 2009 at 11:36 pm
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|  AP - Sen. Roland Burris refused to resign on Tuesday, rebuffing a call from the Senate's No. 2 Democrat, who argued that the embattled Illinois lawmaker has little hope next year of winning the seat vacated by President Barack Obama.
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| Toddler, 6 others shot on Mardi Gras parade route (AP)
February 24, 2009 at 11:28 pm
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|  AP - A Mardi Gras parade erupted into chaos on Fat Tuesday when a series of gunshots struck seven people, including a toddler. The child was not seriously injured and two suspects were in custody, police said.
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| GOP leaders say Obama's plan is irresponsible (AP)
February 24, 2009 at 11:24 pm
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|  AP - Republican leaders continued their attacks on President Barack Obama's handling of the economy Tuesday, calling it irresponsible and certain to increase taxes and federal debt.
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| Officials: Most troops out of Iraq in 18 months (AP)
February 24, 2009 at 11:14 pm
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|  AP - President Barack Obama plans to remove all U.S. combat troops from Iraq by August of next year, administration officials said Tuesday, ending the war that helped define his upstart presidential campaign — although a little more slowly than he promised.
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| Union leaders urge vote for Ford agreement (Reuters)
February 24, 2009 at 9:58 pm
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| | Reuters - United Auto Workers union leaders urged members on Tuesday to approve a concessionary deal with Ford Motor Co, stepping up the pressure on General Motors Corp and Chrysler to reach similar cost-cutting labor agreements in coming weeks. |
| Consumers fret as U.S. home prices fall (Reuters)
February 24, 2009 at 8:31 pm
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| | Reuters - U.S. home prices plunged at a record pace in December and consumer confidence hit a new low in February, data showed on Tuesday, as Federal Reserve Chairman Ben Bernanke warned the recession could extend beyond this year. |
| Bernanke says recession to linger (Reuters)
February 24, 2009 at 8:27 pm
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| | Reuters - Federal Reserve Chairman Ben Bernanke warned on Tuesday the "severe" U.S. recession could drag into next year, but said banks should be able to weather the downturn without being nationalized, cheering markets. |
| Obama leaning toward 19 months for Iraq withdrawal (Reuters)
February 24, 2009 at 8:11 pm
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|  Reuters - President Barack Obama looks likely to order U.S. combat troops to withdraw from Iraq over a period of about 19 months -- a compromise between his campaign pledge and some commanders' wishes, officials said on Tuesday.
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| Sen. Burris says will not resign: Sen. Durbin (Reuters)
February 24, 2009 at 5:03 pm
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| | Reuters - U.S. Senator Roland Burris, under pressure to resign after only five weeks in office, told a leading fellow Democrat he has no intention of leaving despite a raging controversy over his appointment to fill the vacancy left by President Barack Obama. |
| Officials: US troops to leave Iraq by August 2010 (AP)
February 24, 2009 at 4:14 pm
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| AP - The United States plans to withdraw most of its troops from Iraq by August 2010, 19 months after President Barack Obama's inauguration, according to administration officials. The withdrawal plan would fulfill one of Obama's central campaign pledges, albeit a little more slowly than he promised. He said he would withdraw troops within 16 months, roughly one brigade a month from the time of his inauguration. |
| Burris refuses to resign despite plea from Durbin (AP)
February 24, 2009 at 4:13 pm
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|  AP - Sen. Roland Burris refused to resign on Tuesday, rebuffing the call from the Senate's No. 2 Democrat who made it clear that the embattled Illinois lawmaker would have little luck next year winning the seat vacated by President Barack Obama.
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| Controller thought plane that ditched was doomed (AP)
February 24, 2009 at 4:09 pm
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|  AP - The air traffic controller who handled Flight 1549 thought ditching in the Hudson River amounted to a death sentence for all aboard. Now the veteran pilot who pulled off the feat safely says harsh pay cuts are driving experienced pilots from the cockpit.
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| More evidence links alcohol, cancer in women (AP)
February 24, 2009 at 4:09 pm
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| | AP - A study of nearly 1.3 million British women offers yet more evidence that moderate alcohol consumption increases the risk of a handful of cancers. British researchers surveyed middle-aged women at breast cancer screening clinics about their drinking habits, and tracked their health for seven years. |
| Infant, 4 others shot near Mardi Gras parade route (AP)
February 24, 2009 at 4:07 pm
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|  AP - Police say an infant and four other people have been injured in a shooting along a Mardi Gras parade route. New Orleans police spokesman Bob Young says the shootings were reported near the Garden District about 1:40 p.m. after the last major parade of the celebration had ended. Truck floats that follow the Rex parade were going by when gunfire broke out.
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| Obama to focus on economy in high-profile speech (Reuters)
February 24, 2009 at 3:36 pm
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|  Reuters - President Barack Obama will aim to balance stern talk on the U.S. economic crisis with confidence that the United States can resolve its problems in a major speech on Tuesday laying out his plans for the increasingly fearful country.
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| Dad: Suleman under duress before NBC interview (AP)
February 24, 2009 at 3:27 pm
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|  AP - Nadya Suleman's father told Oprah Winfrey on her talk show that his daughter was under duress before giving an interview to NBC's Ann Curry and should have been given time to recover from giving birth to octuplets.
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| New coach works to change Rangers' philosophy (AP)
February 24, 2009 at 3:25 pm
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|  AP - John Tortorella made his presence felt right away during his first day as coach of the New York Rangers. He went to work on the practice rink Tuesday morning, along with new assistant coach Jim Schoenfeld, as they worked to change the philosophy and tenor of a team that is struggling to hold onto a place in the playoffs.
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| Police: Md. man stabs son who wore hat in church (AP)
February 24, 2009 at 3:13 pm
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| | AP - Police said a 58-year-old man stabbed his teenage son after he refused to take off his hat at church earlier in the day. The father and his 19-year-old son got into an argument on Sunday afternoon. That's when police said the father went to a car, got a knife and stabbed his son in the left buttock and fled. |
| U.S. home prices fall at record pace, consumers fret (Reuters)
February 24, 2009 at 3:09 pm
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| | Reuters - U.S. home prices plunged at a record pace in December and consumer confidence hit a new low in February, data showed on Tuesday, as Federal Reserve Chairman Ben Bernanke warned the recession could extend beyond this year. |
| Stanford workers have ties to regulator FINRA (Reuters)
February 24, 2009 at 2:58 pm
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| | Reuters - Two employees of Allen Stanford's financial business, which U.S. regulators have accused of massive fraud, held advisory roles at a watchdog group overseeing U.S. broker-dealers aimed at preventing abuses. |
| Botched launch ends U.S. satellite's mission (Reuters)
February 24, 2009 at 2:22 pm
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| | Reuters - The U.S. government's first attempt to map carbon dioxide in Earth's atmosphere from space ended early on Tuesday after a botched satellite launch from California, officials said. |
| Bernanke fears recession could extend to 2010 (Reuters)
February 24, 2009 at 12:10 pm
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| | Reuters - Federal Reserve Chairman Ben Bernanke warned on Tuesday the "severe" U.S. recession may drag into 2010 unless the government succeeds in stabilizing the banking system and financial markets with strong action. |
| Economy doesn't dampen Mardi Gras festivities (AP)
February 24, 2009 at 8:12 am
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|  AP - Partiers in New Orleans are taking one last chance to eat, drink and be merry before Lent. Tourism officials don't believe the economic downturn has dampened the mood at this year's Mardi Gras celebrations, and say that big crowds over the weekend and nearly full hotels bode well for the annual event.
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| Obama to address Congress, nation on economy (AP)
February 24, 2009 at 8:11 am
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|  AP - Barreling ahead on a mammoth agenda, Barack Obama is ready to offer a detailed sketch of the first year of his presidency, casting the nation's bleeding economy as a tangle of tough, neglected problems.
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| Obama set for showpiece address to Congress (AFP)
February 24, 2009 at 8:05 am
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|  AFP - President Barack Obama was set on Tuesday to use the grand political stage of his debut address to Congress to counsel a nation gripped by economic fear and to showcase his ambitious agenda.
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| Health spending takes rising share of U.S. economy (Reuters)
February 24, 2009 at 7:52 am
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| | Reuters - Health spending will hit $2.5 trillion this year, devouring 17.6 percent of the economy, as the White House and Congress consider major changes to the healthcare system, U.S. government economists said on Tuesday. |
| Obama to meet with Japan Prime Minister Tara Aso (AP)
February 24, 2009 at 7:43 am
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|  AP - President Barack Obama's meeting with Japanese Prime Minister Taro Aso on Tuesday will bring together leaders with starkly different political fortunes: While Obama enjoys worldwide popularity, Aso is struggling to stay in power.
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| Stocks signal higher open after sell-off (AP)
February 24, 2009 at 7:42 am
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|  AP - Wall Street signaled a moderate rebound Tuesday as investors awaited economic readings and Federal Reserve Chairman Ben Bernanke's testimony on monetary policy.
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| Stanford had links to fund run by Bidens: report (Reuters)
February 24, 2009 at 7:40 am
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| | Reuters - A fund of hedge funds run by two members of Vice President Joe Biden's family was marketed exclusively by firms controlled by Texas financier Allen Stanford, charged by regulators with an $8 billion fraud, the Wall Street Journal said. |
| Octomom fell fast from Miracle Mom to punch line (AP)
February 24, 2009 at 7:39 am
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|  AP - It seems so long ago now, but for just a day or two last month Nadya Suleman was known as Miracle Mom, the amazing woman who did what had never been done before: gave birth to the longest-surviving set of octuplets.
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| Beauty and the brain, women use more than men (AP)
February 24, 2009 at 7:36 am
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| | AP - Beauty is in the brain of the beholder. Go to any museum and there will be men and women admiring paintings and sculpture. But it turns out they are thinking about the sight differently. Men process beauty on the right side of their brains, while women use their whole brain to do the job, researchers report in Tuesday's electronic edition of Proceedings of the National Academy of Science. |
| AIG in talks with U.S. government, sees $60 billion loss: source (Reuters)
February 24, 2009 at 7:22 am
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|  Reuters - American International Group, rescued twice last year by the U.S. government, is asking for more aid and bracing for a fourth-quarter loss of roughly $60 billion, a source familiar with the matter said. It would be the biggest loss in a quarter in corporate history.
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| New report expected to show more gloom on economy (AP)
February 24, 2009 at 7:21 am
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|  AP - Americans' moods, already the gloomiest in decades, are expected to darken more this month according to forecasts for the Conference Board report on consumer sentiment in February. The report coming out this morning is expected to show Americans are growing more pessimistic amid rising layoffs, falling home prices and hard-hit retirement accounts.
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| Harris half-court shot gives Nets win over 76ers (AP)
February 24, 2009 at 7:06 am
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|  AP - Devin Harris hit an unbelievable lunging half-court shot at the buzzer and the New Jersey Nets snapped a season-high five-game losing streak with a 98-96 victory over the slumping Philadelphia 76ers on Monday night.
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| North Korea says it is preparing satellite launch (AP)
February 24, 2009 at 6:14 am
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|  AP - North Korea said Tuesday it is preparing to shoot a satellite into orbit, its clearest reference yet to an impending launch that neighbors and the U.S. suspect will be a provocative test of a long-range missile.
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