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| Obama tries to loosen credit for small businesses (AP) March 16, 2009 at 8:06 pm |
| AP - President Barack Obama freed billions of dollars to help the nation's small businesses on Monday, hoping to get credit flowing again to Main Street, not just Wall Street. He heaped praise on the little guys of American industry, often overshadowed in the blitz of government bailouts. |
| Austrian admits incest, pleads innocent to murder (AP) March 16, 2009 at 8:06 pm |
| AP - An Austrian who fathered seven children with a daughter he held captive for 24 years refused to even speak to her for years, coming into the squalid cellar only to rape her, often in front of the youngsters, a prosecutor said Monday. |
| Obama berates AIG and vows to try to block bonuses (AP) March 16, 2009 at 8:06 pm |
| AP - Joining a wave of public anger, President Barack Obama blistered insurance giant AIG for "recklessness and greed" Monday and pledged to try to block it from handing its executives $165 million in bonuses after taking billions in federal bailout money. "How do they justify this outrage to the taxpayers who are keeping the company afloat?" Obama asked. "This isn't just a matter of dollars and cents. It's about our fundamental values." |
| US says it shot down Iranian drone last month (AP) March 16, 2009 at 8:06 pm |
| AP - U.S. jets shot down an Iranian unmanned surveillance aircraft last month over Iraqi territory about 60 miles northeast of Baghdad, the U.S. military said Monday. A U.S. statement said the Ababil 3 was tracked for about 70 minutes before U.S. jets shot it down "well-inside Iraqi airspace" and that the aircraft's presence over Iraq "was not an accident." |
| Treasury to rework AIG aid to recoup bonuses (Reuters) March 16, 2009 at 7:44 pm |
| Reuters - The U.S. government will modify a planned $30 billion capital injection for American International Group Inc to try to recoup hundreds of millions of dollars in controversial bonuses, a Treasury official said on Monday. |
| Authorities reveal details in Texas inmates-gone-wild scandal (AP) March 16, 2009 at 7:28 pm |
| AP - For months, perhaps longer, the Montague County Jail was "Animal House" meets Mayberry. Inside the small brick building across from the courthouse, inmates had the run of the place, having sex with their jailer girlfriends, bringing in recliners, taking drugs and chatting on cell phones supplied by friends or guards, according to authorities. They also disabled some of the surveillance cameras and made weapons out of nails. |
| NFL players may have died hours after boat toppled (AP) March 16, 2009 at 7:28 pm |
| AP - Two NFL players may have died just a few hours after the fishing boat they were in overturned in rough water, possibly before rescuers were even alerted that they and two others were lost off the west coast of Florida, according to Coast Guard records of the boating accident. |
| La. police arrest growling man on drug charges (AP) March 16, 2009 at 6:26 pm |
| AP - Authorities arrested a 32-year-old Texas man on drug charges on Thursday after construction workers saw him on his hands and knees, eating mud and growling like a dog. A woman who accompanied the man from Texas told investigators he had been wandering around the complex and eating dog food. |
| Obama unveils steps to aid small businesses (Reuters) March 16, 2009 at 6:22 pm |
| Reuters - President Barack Obama moved to boost U.S. job creation on Monday by making it easier for small business owners to borrow money and by spending up to $15 billion to ensure funds are available for loans. |
| AP Source: Rodriguez, Astros closing in on deal (AP) March 16, 2009 at 5:50 pm |
| AP - The Houston Astros and catcher Ivan Rodriguez are closing in on a $1.5 million, one-year contract, a person familiar with the talks told The Associated Press on Monday. The deal would contain $1.5 million in performance bonuses based on games and plate appearances, the person said, speaking on condition of anonymity because the agreement had not yet been announced by the team. |
| Obama will try to block executive bonuses at AIG (AP) March 16, 2009 at 1:26 pm |
| AP - President Barack Obama declared Monday that insurance giant American International Group is in financial straits because of "recklessness and greed" and said he intends to stop it from paying out millions in executive bonuses. |
| U.S. output plummets, manufacturing at record low (Reuters) March 16, 2009 at 1:25 pm |
| Reuters - U.S. industrial output fell to its lowest level in almost seven years in February and manufacturing in New York state slumped further this month, according to data released on Monday that pointed to a deteriorating economy. |
| Wall Street moves higher, building on 4-day rally (AP) March 16, 2009 at 1:22 pm |
| AP - Wall Street rallied for a fifth straight day Monday after reassuring comments from Federal Reserve Chairman Ben Bernanke and encouraging news from another big bank. The Dow Jones industrials rose more than 100 points as stock markets overseas also advanced. |
| Seattle Post-Intelligencer newspaper goes Web-only (AP) March 16, 2009 at 1:18 pm |
| AP - The Seattle Post-Intelligencer, which has chronicled the news of the city since logs slid down its steep streets to the harbor and miners caroused in its bars before heading north to Alaska's gold fields, will print its final edition Tuesday. |
| Army storms Madagascar presidential palace (Reuters) March 16, 2009 at 1:14 pm |
| Reuters - Tanks and troops took control of a presidential palace in the center of Madagascar's capital Antananarivo on Monday after the military joined opposition leader Andry Rajoelina in his power struggle with President Marc Ravalomanana. |
| Austrian incest father pleads not guilty to murder (AP) March 16, 2009 at 12:45 pm |
| AP - An Austrian man accused of locking his daughter in a basement for 24 years and fathering her seven children pleaded guilty to incest but insisted he was innocent of murder and enslavement charges as his trial opened Monday. |
| Austria's Fritzl denies murder, admits incest (Reuters) March 16, 2009 at 12:41 pm |
| Reuters - An Austrian man who fathered seven children with a daughter he held in a cellar for 24 years pleaded guilty to incest on Monday but denied murdering their newborn son and enslaving her. |
| Shooting inside Madagascar presidency: AFP (AFP) March 16, 2009 at 12:18 pm |
| AFP - Shooting broke out inside Madagascan President Marc Ravalomanana's office in the capital Antananarivo moments after the army entered the compound Monday, an AFP correspondent reported. |
| U.S. goes after Madoffs homes, boats, piano (Reuters) March 16, 2009 at 12:08 pm |
| Reuters - U.S. prosecutors want swindler Bernard Madoff and his wife Ruth to forfeit more than $100 million worth of homes, cars, boats, securities, silverware and a piano following his March 12 guilty plea, according to court papers. |
| Walking, talking female robot to hit Japan catwalk (AP) March 16, 2009 at 10:14 am |
| AP - A new walking, talking robot from Japan has a female face that can smile and has trimmed down to 43 kilograms (95 pounds) to make a debut at a fashion show. But it still hasn't cleared safety standards required to share the catwalk with human models. |
| Pakistan defuses crisis, agrees to restore judge (Reuters) March 16, 2009 at 9:17 am |
| Reuters - Pakistan's government agreed on Monday to reinstate Iftikhar Chaudhry as chief justice in a surprise move to defuse a crisis and end agitation by lawyers and activists that had threatened to turn into violent confrontation. |
| Analysis: Stem cell payoff wait's decades not days (AP) March 16, 2009 at 4:28 am |
| AP - For all the past week's headlines about embryonic stem cells' medical promise there is a sobering reality: The science to prove that promise will take years, probably too long for many of today's seriously ill. |
| Obama plans small-business lending boost (AP) March 16, 2009 at 4:19 am |
| AP - Seeking to counter a chorus of unhappy Republicans and nervous Wall Street investors, President Barack Obama and his economic team are taking a cheerier tone while making billions in federal loans available to the nation's struggling small businesses. |
| Netanyahu in deal with right-wing Israeli party (AP) March 16, 2009 at 4:19 am |
| AP - Prime Minister-designate Benjamin Netanyahu's Likud Party has initialed a coalition agreement with an ultranationalist faction that brings its leader significantly closer to becoming foreign minister, a Likud party spokeswoman said Monday. |
| Discovery nears space station after delayed launch (AP) March 16, 2009 at 4:13 am |
| AP - Seven astronauts raced to the international space station aboard the space shuttle Monday after a successful launch that was delayed five times and caused the mission to be shortened by a day. |
| IRS seeks $227 million in back taxes from Stanford (Reuters) March 16, 2009 at 4:02 am |
| Reuters - The U.S. Internal Revenue Service has asked a judge to let it to continue to seek unpaid back taxes from Allen Stanford, the billionaire Texan accused of an $8 billion fraud by U.S. regulators, court documents show. |
| Pakistan to reinstate top judge, defusing crisis (AP) March 16, 2009 at 3:57 am |
| AP - Pakistan's government relented in a major confrontation with the opposition Monday, agreeing to reinstate a fired Supreme Court chief justice whose fate had sparked street fights and raised fears of political instability. |
| Salvadoran ex-rebels win presidency for first time (AP) March 16, 2009 at 3:15 am |
| AP - A leftist television journalist has won El Salvador's presidential election, bringing a party of former guerrillas to power for the first time since a bloody civil war and ending two decades of conservative rule. |
| Pakistan reinstates sacked chief justice (AFP) March 16, 2009 at 3:10 am |
| AFP - Pakistan pledged Monday to restore its deposed top judge and end a crackdown on activists, caving in under mass protests in a bid to defuse a crisis that took the nation to the brink of chaos. |
| Treasury close to bank rules proposal: spokesman (Reuters) March 16, 2009 at 2:49 am |
| Reuters - U.S. Treasury Secretary Timothy Geithner will soon propose an overhaul of the financial regulatory system that is expected to give the Federal Reserve powers to monitor broad economic risks, a Treasury spokesman confirmed on Monday. |
| Red Cross report describes "torture" at CIA jails (Reuters) March 16, 2009 at 12:43 am |
| Reuters - The International Committee of the Red Cross concludes in a secret report that the Bush administration's treatment of al-Qaeda captives in CIA prisons "constituted torture," The Washington Post reported on Monday, citing newly published excerpts from the 2007 document. |
| AIG says emergency aid used to pay other banks (AP) March 16, 2009 at 12:14 am |
| AP - American International Group Inc. used more than $90 billion in federal aid to pay out foreign and domestic banks, some of whom had received their own multibillion-dollar U.S. government bailouts. |
| Actor Ron Silver dies in NYC at age 62 of cancer (AP) March 15, 2009 at 10:53 pm |
| AP - Actor Ron Silver, who won a Tony Award as a take-no-prisoners Hollywood producer in David Mamet's "Speed-the-Plow" and did a political about-face from loyal Democrat to Republican activist after the Sept. 11 attacks, died Sunday at the age of 62. |
| AIG payments to banks stoke bailout rage (Reuters) March 15, 2009 at 10:15 pm |
| Reuters - Goldman Sachs Group Inc and a parade of European banks were the major beneficiaries of $93 billion in payments from AIG -- more than half of the U.S. taxpayer money spent to rescue the massive insurer. |
| Bernanke: recession could end in '09 (AP) March 15, 2009 at 9:07 pm |
| AP - America's recession "probably" will end this year if the government succeeds in bolstering the banking system, Federal Reserve Chairman Ben Bernanke said Sunday in a rare television interview. |
| Bernanke sees U.S. recovery beginning in 2010 (Reuters) March 15, 2009 at 8:52 pm |
| Reuters - Federal Reserve Chairman Ben Bernanke suggested in a taped interview on Sunday that the U.S. recession could last most of the year and said the biggest risk was that the political will needed to fix the fractured financial system could be lacking. | | |
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