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Treasury considers private capital role in TARP: report
(Reuters) - The Treasury Department, signaling a new phase in its $700 billion financial rescue plan, is considering requiring that firms seeking future government money raise private capital in order to qualify for public assistance, the Wall Street Journal said, citing people familiar with the matter.
Bush administration still working on $700B rescue
AP - At a time when most administrations are getting ready to turn out the lights, the Bush administration is still struggling to get the biggest government rescue in history up and running.
Report urges states to tackle preterm birth crisis
AP - The odds of having a premature baby are lowest in Vermont and highest in Mississippi.
Treasury considers private capital role in TARP: report
Reuters - The Treasury Department, signaling a new phase in its $700 billion financial rescue plan, is considering requiring that firms seeking future government money raise private capital in order to qualify for public assistance, the Wall Street Journal said, citing people familiar with the matter.
Taiwan's former leader held in graft probe
AFP - A Taiwan court ordered former president Chen Shui-bian locked up Wednesday in a corruption probe, tightening pressure on the onetime leader whose tenure was marred by allegations of scandal and sleaze.
Nicaragua opposition rejects poll results amid fresh clashes
AFP - Nicaragua's opposition rejected results of weekend local elections which gave a large victory to the ruling Sandinistas, as fresh violence broke out between supporters of both parties.
Gloom grips markets as global downturn spreads
SINGAPORE (Reuters) - China's retail sales data on Wednesday pointed to slowing consumption and the World Bank said more countries are seeking its help, as evidence mounted that the rich-world downturn is spreading through emerging economies.
North Korea says to close land border with South
SEOUL (Reuters) - Reclusive North Korea said on Wednesday it will close its land border with the South from next month, largely putting a stop to the few exchanges that exist between the states divided since the Cold War.
US military to abandon Iraqi cities
AP - The U.S. military in Iraq is abandoning — deliberately and with little public notice — a centerpiece of the widely acclaimed strategy it adopted nearly two years ago to turn the tide against the insurgency. It is moving American troops farther from the people they are trying to protect.
AP poll: Public seems willing to wait on tax cuts
AP - People want the tax cuts promised during the presidential campaign, but they may be willing to wait while President-elect Obama takes on the larger issue of fixing the economy.
North Korea to halt border crossings with South
AP - North Korea said Wednesday it will ban land crossings at its border with South Korea starting next month because of what it calls the South's confrontational stance.
Gloom grips markets as global downturn spreads
Reuters - China's retail sales data on Wednesday pointed to slowing consumption and the World Bank said more countries are seeking its help, as evidence mounted that the rich-world downturn is spreading through emerging economies.
North Korea says to close land border with South
Reuters - Reclusive North Korea said on Wednesday it will close its land border with the South from next month, largely putting a stop to the few exchanges that exist between the states divided since the Cold War.
Secular hardliner wins Jerusalem mayor race
AFP - A secular hardliner was elected mayor of Jerusalem in a vote, ending a five-year rule of an ultra-Orthodox mayor after a campaign that highlighted the Holy City's deep divisions.
Crisis deals under pressure, no let up for economies
LONDON/SINGAPORE (Reuters) - A number of deals designed to cure the global financial crisis were in danger of unraveling on Wednesday, with losses mounting at banks and economies deteriorating.
American shot dead in Pakistan
PESHAWAR, Pakistan (Reuters) - Gunmen killed a U.S. aid official Wednesday outside his home in Peshawar, police said, the frontier Pakistani city near Afghanistan which has borne the brunt of a growing Islamist insurgency.
Japan CO2 hits record
TOKYO (Reuters) - Japan's greenhouse gas emissions rose to a record high in the year to March, putting the world's fifth-largest carbon dioxide producer at risk of an embarrassing failure to achieve its Kyoto target over the next four years.
Oil falls to 20-month low
LONDON (Reuters) - Oil fell more than 2 percent on Wednesday to trade below $58 a barrel for the first time in 20 months as expectations of weaker energy demand more than offset news of reductions in supply.
China scrambles to build homes for quake survivors
BEIJING (Reuters) - Six months after China's Sichuan earthquake, local authorities are scrambling to build housing for millions made homeless as winter approaches.
Sexes equal in education, women lack power: study
GENEVA (Reuters) - Women still lag far behind men in top political and decision-making roles, a waste of talent given that their access to education and healthcare is nearly equal, the World Economic Forum said on Wednesday.
Sudan's Bashir announces immediate Darfur ceasefire
KHARTOUM (Reuters) - Sudanese President Omar Hassan al-Bashir announced Wednesday an immediate and unconditional ceasefire in the Darfur region of western Sudan.
Suicide bomber hits Afghan gov't office, killing 6
AP - A suicide bomber driving an oil tanker detonated his explosives outside an Afghan government office during a provincial council meeting Wednesday, killing at least six people and wounding 42, officials said.
Car bombings in Iraqi capital kill 4, wound 22
AP - A bomb exploded in a parked car in a bustling section of downtown Baghdad early Wednesday, killing four people and wounding 15 others, police said, the third consecutive day of morning rush hour blasts in the Iraqi capital.
Maurice Greene ran off of 'Dancing with the Stars'
AP - Maurice Greene won't be running around the 'Dancing with the Stars' ballroom anymore.
Kobe, Lakers beat Mavericks 106-99, improve to 6-0
AP - Trevor Ariza turned an offensive rebound into an emphatic, go-ahead dunk early in the fourth quarter and Kobe Bryant quickly stretched the lead, sending the Los Angeles Lakers to a 106-99 victory over the Dallas Mavericks on Tuesday night.
Crisis deals under pressure, no let up for economies
Reuters - A number of deals designed to cure the global financial crisis were in danger of unraveling on Wednesday, with losses mounting at banks and economies deteriorating.
American shot dead in Pakistan
Reuters - Gunmen killed a U.S. aid official Wednesday outside his home in Peshawar, police said, the frontier Pakistani city near Afghanistan which has borne the brunt of a growing Islamist insurgency.
Japan CO2 hits record
Reuters - Japan's greenhouse gas emissions rose to a record high in the year to March, putting the world's fifth-largest carbon dioxide producer at risk of an embarrassing failure to achieve its Kyoto target over the next four years.
Oil falls to 20-month low
Reuters - Oil fell more than 2 percent on Wednesday to trade below $58 a barrel for the first time in 20 months as expectations of weaker energy demand more than offset news of reductions in supply.
China scrambles to build homes for quake survivors
Reuters - Six months after China's Sichuan earthquake, local authorities are scrambling to build housing for millions made homeless as winter approaches.
Sexes equal in education, women lag in power: study
Reuters - Women still lag far behind men in top political and decision-making roles, a waste of talent given that their access to education and healthcare is nearly equal, the World Economic Forum said on Wednesday.
NKorea says it will shut border with SKorea
AFP - North Korea said Wednesday it would close its border with South Korea from next month in protest at what it called Seoul's confrontational stance, a move that could cripple a joint industrial estate.
'Building a government': Obama unleashes transition teams
AFP - US president-elect Barack Obama is sending evaluators to study the sprawling US bureaucracy to help him determine how best to meet his administration's goals when he takes office on January 20.
Crisis deals under pressure, economies slide
LONDON (Reuters) - A number of deals designed to cure the global financial crisis were in danger of unraveling on Wednesday, with losses mounting at banks and economies showing further signs of serious deterioration.
IEA stokes doubts over world's climate fight
LONDON (Reuters) - The world will have to bet on extreme measures to avoid serious global warming, the International Energy Agency said on Wednesday, adding to growing worries that governments have under-estimated the problem.
Holiday sales seen down 1 percent
CHICAGO (Reuters) - U.S. holiday retail sales will fall 1 percent this year, according to America's Research Group, marking the first time the research firm has forecast a decline in almost a quarter century of surveys.
Sudan's Bashir declares Darfur ceasefire
KHARTOUM (Reuters) - Sudanese President Omar Hassan al-Bashir, facing a possible indictment by the International Criminal Court (ICC) for alleged war crimes in Darfur, announced a ceasefire in the region on Wednesday.
Staal helps Penguins win Cup rematch against Wings
AP - Jordan Staal and the Pittsburgh Penguins showed they still have plenty of talent, even with Marian Hossa now in Detroit.
Crisis deals under pressure, economies slide
Reuters - A number of deals designed to cure the global financial crisis were in danger of unraveling on Wednesday, with losses mounting at banks and economies showing further signs of serious deterioration.
Iran test-fires new missile, Israel within reach
Reuters - Iran said it test-fired a new generation of surface-to-surface missile Wednesday and that the Islamic Republic was ready to defend itself against any attacker.
IEA stokes doubts over world's climate fight
Reuters - The world will have to bet on extreme measures to avoid serious global warming, the International Energy Agency said on Wednesday, adding to growing worries that governments have under-estimated the problem.
Holiday sales seen down 1 percent
Reuters - U.S. holiday retail sales will fall 1 percent this year, according to America's Research Group, marking the first time the research firm has forecast a decline in almost a quarter century of surveys.
Sudan president announces immediate Darfur ceasefire
AFP - Sudanese President Omar al-Beshir on Wednesday announced an immediate ceasefire in Darfur and called for a campaign to disarm militias which have been ravaging the western region.
German economy will grind to halt in 2009, say experts
AFP - A blue-ribbon panel of experts said on Wednesday that German economic growth will grind to a halt next year, raising doubts about Berlin's plans to shield Europe's biggest economy from the global turmoil.
Economic woes increase, crisis deals in trouble
LONDON (Reuters) - A number of deals designed to cure the global financial crisis were in danger of unraveling on Wednesday, with losses mounting at banks and economies showing further signs of serious deterioration.
Home values drop for 7th straight quarter
NEW YORK (Reuters) - Home values in the United States posted their seventh consecutive quarterly decline, with nearly one-third of Americans who sold in the past year losing money, real estate website Zillow.com said on Wednesday.
North Korea says slows down disabling nuclear plant
SEOUL (Reuters) - North Korea said on Wednesday it has slowed the pace of disablement work at its key nuclear reactor because it is not getting compensated in a timely manner.
Russia rejects U.S. missile proposals
MOSCOW (Reuters) - The Kremlin on Wednesday rejected U.S. proposals aimed at easing concerns over a missile defense system in Europe and said it would try again to resolve the row once Barack Obama is in the White House.
Iran test-fires new missile, Israel within reach
TEHRAN (Reuters) - Iran said it test-fired a new generation of surface-to-surface missile on Wednesday and that the Islamic Republic was ready to defend itself against any attacker.
Oil hits 20-month low on demand fears
LONDON (Reuters) - Oil fell more than 2.5 percent to beneath $58 a barrel on Wednesday on expectations of weaker energy demand, before paring some of its losses after hints OPEC might consider another cut in oil production.
Paulson to give update today on financial bailout
AP - Treasury Secretary Henry Paulson is scheduled to give an update today on the $700 billion bailout program for the U.S. financial system.
Gay marriage legal in Conn., judge clears way
AP - Gay marriage is legal in Connecticut now that a judge has cleared the way. New Haven Superior Court Judge Jonathan Silbert ruled at a brief hearing Wednesday morning that gay and lesbian couples now may pick up marriage license forms at town and city clerks' offices statewide.
Panel plans guidelines on handling airport delays
AP - Airline passengers looking for protection against being stranded for hours on tarmacs shouldn't count on help from a federal task force that's been wrestling with the problem for nearly a year.
US troops leave more security in hands of Iraqis
AP - The U.S. military in Iraq is abandoning — deliberately and with little public notice — a centerpiece of the widely acclaimed strategy it adopted nearly two years ago to turn the tide against the insurgency. It is moving American troops farther from the people they are trying to protect.
Missing cat back in California home after 13 years
AP - A California couple recently had an unexpected reunion with an old housemate: their pet cat who went missing more than 13 years ago.
Lakers and surprising Hawks both improve to 6-0
AP - It's no surprise Kobe Bryant has the Los Angeles Lakers off to a fast start. But few would have expected the Atlanta Hawks to still be unbeaten two weeks into the season. Bryant scored 27 points and the Lakers improved to 6-0 — their best start since opening 7-0 in 2001-02 — with a 106-99 win over the Dallas Mavericks on Tuesday night.
Economic woes increase, crisis deals in trouble
Reuters - A number of deals designed to cure the global financial crisis were in danger of unraveling on Wednesday, with losses mounting at banks and economies showing further signs of serious deterioration.
Home values drop for 7th straight quarter
Reuters - Home values in the United States posted their seventh consecutive quarterly decline, with nearly one-third of Americans who sold in the past year losing money, real estate website Zillow.com said on Wednesday.
North Korea says slows down disabling nuclear plant
Reuters - North Korea said on Wednesday it has slowed the pace of disablement work at its key nuclear reactor because it is not getting compensated in a timely manner.
Russia rejects U.S. missile proposals
Reuters - The Kremlin on Wednesday rejected U.S. proposals aimed at easing concerns over a missile defense system in Europe and said it would try again to resolve the row once Barack Obama is in the White House.
Treasury backs away from plan to buy bad assets
WASHINGTON (Reuters) - Treasury Secretary Henry Paulson on Wednesday said he was backing away from buying troubled mortgage assets using a $700 billion bailout fund, instead favoring a second round of capital injections into financial institutions that would match private funds.
Same-sex marriage ban to hit California economy: mayor
SHANGHAI (Reuters) - California's vote last week to ban same-sex marriage will hit the state's economy by making it harder for cutting-edge industries like biotechnology to recruit top talent, San Francisco Mayor Gavin Newsom said on Wednesday.
Iraqi soldier kills two U.S. troops: police
BAGHDAD (Reuters) - An Iraqi soldier shot dead at least two U.S. troops Wednesday at a joint U.S.-Iraqi security station in Nineveh province, Iraqi police and a mortuary official said.
Oil hits 20-month low on demand fears, stocks
LONDON (Reuters) - Oil fell almost 4 percent to nearly $57 a barrel on Wednesday, its lowest for 20 months, on expectations of weaker energy demand and as global stock markets headed downwards.
Paulson says troubled assets will not be purchased
AP - Treasury Secretary Henry Paulson said Wednesday the $700 billion government rescue program will not be used to purchase troubled assets as originally planned.
Gay couples start marrying in Connecticut
AP - A judge cleared the way Wednesday for gay marriage to begin Wednesday in Connecticut, a victory for advocates stung by California's referendum that banned same-sex unions in that state.
Court rules for Navy in dispute over sonar, whales
AP - The Supreme Court on Wednesday lifted restrictions on the Navy's use of sonar in training exercises off the California coast, a defeat for environmental groups who say the sonar can harm whales.
Stocks lower as Paulson unveils change in bailout
AP - An already disheartened Wall Street turned sharply lower Wednesday after Treasury Secretary Henry Paulson said the government won't buy banks' soured mortgage assets after all, disappointing investors who hoped to see the bad debt wiped off companies' books. The Dow Jones industrials fell about 250 points, and all the major indexes dropped more than 2 percent as the market retreated for a third straight session.
Panel OKs guidelines on handling airport delays
AP - A federal task force approved voluntary guidelines Wednesday for airlines and airports dealing with passengers stranded for hours on the tarmac but produced no fixed limit on how long they can be delayed before being allowed to leave planes.
Body of fan found in car near home of Paula Abdul
AP - Police say a fan of Paula Abdul has been found dead in a car parked near a home belonging to the 'American Idol' judge.
Treasury backs away from plan to buy bad assets
Reuters - Treasury Secretary Henry Paulson on Wednesday said he was backing away from buying troubled mortgage assets using a $700 billion bailout fund, instead favoring a second round of capital injections into financial institutions that would match private funds.
Gay weddings begin in Connecticut as debate rages
Reuters - Dozens of gay and lesbian couples planned to wed in Connecticut on Wednesday after a judge cleared the way for the state to become the nation's second to allow same-sex marriage.
Iraqi soldier kills two U.S. soldiers
Reuters - An Iraqi soldier shot dead two U.S. soldiers and wounded six on a rampage at a joint security station in northern Iraq on Wednesday, the U.S. military said.
Four Gazans dead in flare-up on Israeli border
AFP - Four Palestinian militants were killed and an Israeli soldier wounded in clashes on the Gaza border on Wednesday in the latest flare-up to rattle a nearly five-month lull and imperil aid deliveries.
Paulson backs off asset plan; crisis deals at risk
NEW YORK (Reuters) - The Treasury backed away from using a $700 billion bailout fund to cleanse bank balance sheets of toxic mortgage debt, while Europe reported more gloomy economic news and the World Bank warned that international trade may contract in 2009.
Obama health plan to cost $75 billion: analysis
WASHINGTON (Reuters) - President-elect Barack Obama's plans to overhaul the U.S. health care system would cost the federal government $75 billion but would provide health insurance for 95 percent of Americans, consulting firm PriceWaterhouseCoopers said on Wednesday.
White House: will listen to auto ideas from Congress
WASHINGTON (Reuters) - The White House on Wednesday said it would listen to ideas from Congress to help the ailing U.S. auto industry.
GDP forecast to decline 1.4 percent in 2009: EIA
WASHINGTON (Reuters) - The estimate for U.S. real gross domestic product growth was lowered to 1.3 percent this year and was projected to decline by 1.4 percent in 2009, the U.S. Energy Information Administration said on Wednesday in its monthly forecast.
Gay weddings begin in Connecticut as debate rages
NEW HAVEN, Connecticut (Reuters) - Dozens of gay and lesbian couples planned to wed in Connecticut on Wednesday after a judge cleared the way for the state to become the nation's second to allow same-sex marriage.
Obama asks Albright to meet delegations at G20
CHICAGO (Reuters) - President-elect Barack Obama has tapped former Secretary of State Madeleine Albright and a former Republican congressman to meet foreign delegations at the global financial summit in Washington this weekend.
Oil drops 4 percent as forecasters slash demand outlook
NEW YORK (Reuters) - Oil fell 4 percent to below $57 a barrel on Wednesday as the U.S. government hacked its global demand growth forecast again due to the slumping global economy.
Paulson: Government won't buy troubled bank assets
AP - The government has abandoned the original centerpiece of its $700 billion rescue effort for the financial system and will not use the money to purchase troubled bank assets.
Paulson: Rescue package not for automakers
AP - Treasury Secretary Henry Paulson called autos a 'critical industry in this country' on Wednesday but said the government's $700 billion financial rescue program wasn't designed to help automakers.
Key 'switch' found for popular breast cancer drug
AP - Scientists have pinpointed the molecular on-off switch that the powerful drug tamoxifen uses to attack breast cancer and which prevents it from working in some women.
Anheuser-Busch shareholders approve sale to InBev
AP - Shareholders of Anheuser-Busch Cos. Inc. on Wednesday approved the $52 billion sale of the nation's largest brewer to Belgium-based InBev SA, a deal that is set to create the world's largest brewer.
Deputies investigate battery claim against Garrett
AP - Authorities are investigating battery allegations against Emmy-winning actor Brad Garrett in an incident involving a photographer in West Hollywood.
Paulson backs off asset plan; crisis deals at risk
Reuters - The Treasury backed away from using a $700 billion bailout fund to cleanse bank balance sheets of toxic mortgage debt, while Europe reported more gloomy economic news and the World Bank warned that international trade may contract in 2009.
Obama's health-care plan to cost $75 billion, firm says
Reuters - President-elect Barack Obama's plans to overhaul the U.S. health care system would cost the federal government $75 billion but would provide health insurance for 95 percent of Americans, consulting firm PriceWaterhouseCoopers said on Wednesday.
White House: will listen to auto ideas from Congress
Reuters - The White House on Wednesday said it would listen to ideas from Congress to help the ailing U.S. auto industry.
GDP forecast to decline 1.4 percent in 2009: EIA
Reuters - The estimate for U.S. real gross domestic product growth was lowered to 1.3 percent this year and was projected to decline by 1.4 percent in 2009, the U.S. Energy Information Administration said on Wednesday in its monthly forecast.
Obama asks Albright to meet delegations at G20
Reuters - President-elect Barack Obama has tapped former Secretary of State Madeleine Albright and a former Republican congressman to meet foreign delegations at the global financial summit in Washington this weekend.
Sudan president calls immediate Darfur ceasefire
AFP - Sudan's President Omar al-Beshir on Wednesday called an immediate ceasefire in Darfur and a campaign to disarm feared militias in a speech dismissed by rebels as a propaganda stunt for the West.
Four Palestinians dead in flare-up on Israel-Gaza border
AFP - Four Palestinian militants were killed and an Israeli soldier was wounded along the Gaza border on Wednesday in the latest flare-up to rattle a nearly five-month lull and imperil aid deliveries.
Paulson backs off asset plan; crisis cures at risk
NEW YORK (Reuters) - The U.S. Treasury backed away from using a $700 billion bailout fund to cleanse bank balance sheets of bad mortgage debt, while Europe reported more gloomy economic news, fanning fears of a worldwide recession.
Obama asks bipartisan duo to meet officials at G20
CHICAGO (Reuters) - President-elect Barack Obama on Wednesday named a bipartisan duo of Washington veterans to meet foreign delegations at this weekend's global financial summit, opening communication between the next U.S. administration and its global counterparts.
Treasury names charity as supporter of Hamas
WASHINGTON (Reuters) - The U.S. Treasury Department on Wednesday named an Islamic charity as a group aiding Hamas militants in the Middle East and prohibited Americans from dealing with the Union of Good organization.
Saudi king promotes tolerance at U.N. forum
UNITED NATIONS (Reuters) - King Abdullah of Saudi Arabia told world leaders at a U.N. interfaith meeting on Wednesday that terrorism is the enemy of all religions, calling for a united front to combat it and promote tolerance.
After Calif. loss, gays get right to wed in Conn.
AP - Same-sex couples began marrying in Connecticut on Wednesday after a judge cleared the way, a partial rebound for gay-rights activists still enraged over the vote last week that cost them the right to wed in California.
Stocks plunge for third straight session
AP - A disheartened Wall Street fell for the third straight session Wednesday as investors absorbed another series of dismal corporate reports and news that the government won't buy banks' soured mortgage assets after all. The Dow Jones industrials fell 340 points, and all the major indexes dropped more than 3 percent.
Gov't offers little help for stuck air passengers
AP - A federal task force approved voluntary guidelines Wednesday for airlines and airports dealing with passengers stranded for hours on the tarmac but produced no fixed limit on how long they can be delayed before being allowed to leave planes.
Study: Same-sex heart transplants are better
AP - Turns out men and women really are different at heart: New research finds that heart transplant patients have better odds of survival and a lower risk of rejection if they get organs from donors of the same sex. Size may be part of the explanation. Men's hearts are bigger than women's and have greater pumping capacity, and men who get men's hearts fare better.
Maddon, Piniella win Manager of Year awards
AP - Joe Maddon easily won the American League Manager of the Year award Wednesday after guiding the Tampa Bay Rays from baseball's basement to the World Series.
Paulson backs off asset plan; crisis cures at risk
Reuters - The U.S. Treasury backed away from using a $700 billion bailout fund to cleanse bank balance sheets of bad mortgage debt, while Europe reported more gloomy economic news, fanning fears of a worldwide recession.
Obama asks bipartisan duo to meet officials at G20
Reuters - President-elect Barack Obama on Wednesday named a bipartisan duo of Washington veterans to meet foreign delegations at this weekend's global financial summit, opening communication between the next U.S. administration and its global counterparts.
Treasury names charity as supporter of Hamas
Reuters - The U.S. Treasury Department on Wednesday named an Islamic charity as a group aiding Hamas militants in the Middle East and prohibited Americans from dealing with the Union of Good organization.
White House says G20 meeting "timely"
WASHINGTON (Reuters) - Senior Bush administration officials on Wednesday expressed hope that G20 leaders would be able to identify measures for calming financial markets at their meeting this weekend, saying the time was right for them to come together.
US general urges Obama to keep missile defense
AP - The Air Force general who runs the Pentagon's missile defense projects said Wednesday that American interests would be 'severely hurt' if President-elect Obama decided to halt plans developed by the Bush administration to install missile interceptors in Eastern Europe.
Cheney, Biden to meet privately at VP residence
AP - Vice President Dick Cheney, getting ready to hand off the job as the nation's second-in-command, will sit down with Vice President-elect Joe Biden on Thursday at the Naval Observatory.
Doctors say marrow transplant may have cured AIDS
AP - An American man who suffered from AIDS appears to have been cured of the disease 20 months after receiving a targeted bone marrow transplant normally used to fight leukemia, his doctors said Wednesday.
Pigskin pickin' camel says Pats will top Jets
AP - Despite Brett Favre and a three-game winning streak, the New York Jets don't have what it takes to finally get over the hump and pass the New England Patriots atop the AFC East. That's according to a pigskin-picking camel named Princess who is a perfect 10-0 so far this year in handicapping NFL games.
White House says G20 meeting "timely"
Reuters - Senior Bush administration officials on Wednesday expressed hope that G20 leaders would be able to identify measures for calming financial markets at their meeting this weekend, saying the time was right for them to come together.
Four Palestinians killed in flare-up on Israel-Gaza border
AFP - Four Palestinian militants were killed and an Israeli soldier was wounded along the Gaza border on Wednesday in the latest flare-up to rattle a nearly five-month lull and imperil aid deliveries.
Healthcare reform gets backing in Congress
WASHINGTON (Reuters) - Efforts to reform the U.S. healthcare system got a big boost on Wednesday as a powerful Democratic senator unveiled a plan similar to President-elect Barack Obama's and an analysis said the financial crisis could accelerate any efforts, not hinder them.
Lawmakers to grill U.S. automakers on bailout request
WASHINGTON (Reuters) - Lawmakers plan to question chief executives of stricken U.S. automakers on their pleas for an industry bailout, while the Bush administration responded coolly on Wednesday to an aid plan being shaped by Democrats.
Intel's shock warning sounds alarm for tech sector
NEW YORK (Reuters) - Chip giant Intel Corp cut its fourth-quarter revenue forecast by about 14 percent citing weak demand across the world and in all its products, indicating the economic crisis is set to hurt computer sales in the holiday season and beyond.
White House says G20 meeting "timely", British agree
WASHINGTON (Reuters) - The Bush administration said on Wednesday a weekend meeting of Group of 20 leaders should be able to identify some specific measures for calming anxious financial markets and said it was timely for them to meet now.
Former Guantanamo prisoners still struggling
MIAMI (Reuters) - Former Guantanamo prisoners released after years of detention without charge went home to find themselves stigmatized and shunned, viewed either as terrorists or U.S. spies, according to a report released on Wednesday.
Dems seek auto aid as treasury shifts rescue focus
AP - Urgently shifting course, the Bush administration is abandoning the centerpiece of its massive $700 billion economic rescue plan and exploring new ways to shore up not only banks but credit-card, auto-loan and other huge nonbank businesses. Democrats are pressing hard to include a multibillion-dollar bailout for faltering automakers, too — over administration objections. Unimpressed by any of the talk on Wednesday, Wall Street dove ever lower.
Palin leaves door open for possible Senate run
AP - Alaska Gov. Sarah Palin said Wednesday she would consider serving in the Senate if God gave her the opportunity and Alaskans wanted her to take the job. The state's senior senator, Republican Ted Stevens, held a dwindling lead as the count resumed in his re-election bid.
Disgraced pastor Haggard: I was abused as child
AP - Disgraced evangelical pastor Ted Haggard says he was sexually abused as a child and that the experience 'started to rage in my mind and in my heart' when he was caught up in a sex scandal involving a male prostitute. Haggard made the remarks in two recent sermons in Morrison, Ill., ABC's 'Good Morning America' reported Wednesday.
Drummer for Jimi Hendrix found dead
AP - Mitch Mitchell, drummer for the legendary Jimi Hendrix Experience of the 1960s and the group's last surviving member, was found dead in his hotel room early Wednesday. He was 61.
Healthcare reform gets backing in Congress
Reuters - Efforts to reform the U.S. healthcare system got a big boost on Wednesday as a powerful Democratic senator unveiled a plan similar to President-elect Barack Obama's and an analysis said the financial crisis could accelerate any efforts, not hinder them.
Lawmakers to grill U.S. automakers on bailout request
Reuters - Lawmakers plan to question chief executives of stricken U.S. automakers on their pleas for an industry bailout, while the Bush administration responded coolly on Wednesday to an aid plan being shaped by Democrats.
Intel's shock warning sounds alarm for tech sector
Reuters - Chip giant Intel Corp cut its fourth-quarter revenue forecast by about 14 percent citing weak demand across the world and in all its products, indicating the economic crisis is set to hurt computer sales in the holiday season and beyond.
White House says G20 meeting "timely", British agree
Reuters - The Bush administration said on Wednesday a weekend meeting of Group of 20 leaders should be able to identify some specific measures for calming anxious financial markets and said it was timely for them to meet now.
Saudi king promotes tolerance at U.N. forum
Reuters - King Abdullah of Saudi Arabia told world leaders at a U.N. interfaith meeting on Wednesday that terrorism is the enemy of all religions, calling for a united front to combat it and promote tolerance.
Cloistered for weeks, Palin is now everywhere
CHICAGO (Reuters) - Suddenly, Sarah Palin is everywhere.
U.S. top court considers religious monument dispute
WASHINGTON (Reuters) - The U.S. Supreme Court appeared divided on Wednesday on whether a city violated a religious group's free-speech rights by refusing to put its monument in a public park near a similar Ten Commandments display.
George Strait, Nettles among early CMA winners
AP - George Strait's poignant tune 'I Saw God Today' took song of the year honors Wednesday night at the CMA Awards, which was kicked off by a rollicking performance by two of country's biggest stars, Brad Paisley and Keith Urban.
Homeless man's nap damages church organ pipes
AP - The restoration of a 130-year-old Massachusetts church organ was dealt a setback when a homeless man took a nap on four of its pipes. Officials at First Churches in Northampton said the man's weight severely damaged the delicate, 18-foot pipes, that were among about 50 stored in the basement during a $2 million restoration of the historic sanctuary.
Cloistered for weeks, Palin is now everywhere
Reuters - Suddenly, Sarah Palin is everywhere.
U.S. backs away from plan to buy bad assets
WASHINGTON (Reuters) - The Bush administration on Wednesday largely abandoned its plan to buy up toxic mortgage assets and said it will focus its $700 billion financial bailout fund on making direct investments in financial institutions and shoring up consumer credit markets.
Japan readies funding for IMF as gloom deepens
HONG KONG (Reuters) - Japan stood ready to offer more than $100 billion to emerging economies as governments scrambled to come to grips with a fast-moving financial crisis that threatened to tip the world into a deep and long recession.
Kenny Chesney wins CMA's Entertainer of the Year
AP - Kenny Chesney won his fourth entertainer of the year award — tying Garth Brooks for the most wins in the category — at Wednesday's CMA awards, a ceremony highlighted by a lavish performance by Taylor Swift, a surprise appearance by rapper Lil Wayne, and the return of one of country's biggest stars, Shania Twain.
Man's untimely nap damages church's organ pipes
AP - This isn't music to anyone's ears: The restoration of a church's 130-year-old organ has been delayed because four delicate pipes were damaged when a visitor napped on them.
Japan readies funding for IMF as gloom deepens
Reuters - Japan stood ready to offer more than $100 billion to emerging economies as governments scrambled to come to grips with a fast-moving financial crisis that threatened to tip the world into a deep and long recession.
Iranian diplomat kidnapped, guard killed in Pakistan: police
AFP - Unidentified gunmen kidnapped an Iranian diplomat Thursday, killing his Pakistani police guard in the troubled northwestern province bordering Afghanistan, police said.
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