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Japan to offer funding for IMF as gloom deepens
HONG KONG/TOKYO (Reuters) - Japan will offer up to $100 billion to the International Monetary Fund for emerging economies in a new effort to come to grips with the fast-moving financial crisis that threatens to tip the world into a deep and long recession.
Congress examines $700 billion rescue program
AP - While the Bush administration shifts course on its $700 billion rescue plan, Congress is examining whether even bigger changes should be made in the program in light of the deteriorating economy and soaring mortgage foreclosures.
21 killed in attack on US convoy in Afghanistan
AP - A U.S. military spokesman says that a suicide car attack on a U.S. military convoy in Afghanistan has killed 20 civilians and a coalition soldier.
Tracy McGrady leads Rockets to 94-82 win over Suns
AP - Tracy McGrady snapped out of a slump to score 22 of his 27 points in the second half Wednesday night, and the Houston Rockets beat the Phoenix Suns 94-82 in a game that featured a scoring landmark for Shaquille O'Neal and a skirmish that drew two ejections and seven technical fouls.
Japan to offer funding for IMF as gloom deepens
Reuters - Japan will offer up to $100 billion to the International Monetary Fund for emerging economies in a new effort to come to grips with the fast-moving financial crisis that threatens to tip the world into a deep and long recession.
Obama vows far-reaching review of US government
AFP - An army of top-notch specialists is set to fan out across US government agencies to delve deep into the records and prepare for the arrival of president-elect Barack Obama on January 20.
Medvedev: ready to respond if U.S. ends missile plan
PARIS (Reuters) - Russia could cancel its deployment of missiles near the Polish border if U.S. President-elect Barack Obama scraps plans for a missile defense system in central Europe, Russian President Dmitry Medvedev said.
Iranian diplomat kidnapped in volatile Pakistan city
PESHAWAR, Pakistan (Reuters) - Gunmen kidnapped an Iranian diplomat in northwestern Pakistan's Peshawar on Thursday, officials said, soon after a U.S. aid worker was killed in a city hit hard by an Islamist insurgency spreading from Afghanistan.
Oil falls to 22-month low at $55 on recession fears
PERTH (Reuters) - Oil fell for a third straight day on Thursday to hit a 22-month low of $55 a barrel as mounting pessimism about the global economy outweighed OPEC's comments that it could cut output again as early as end-November.
Foreclosures up 25 percent: RealtyTrac
NEW YORK (Reuters) - U.S. foreclosure activity in October rose 25 percent from a year earlier, although filings in California fell by double-digit percentage points for the second consecutive month due to a state law slowing the foreclosure process, according to a monthly report by RealtyTrac.
U.S. trails other nations in chronic illness care
WASHINGTON (Reuters) - Chronically ill Americans are more likely to forgo medical care because of high costs or experience medical errors than patients in other affluent countries, according to a study released on Thursday.
Bush to warn of protectionism at economic summit
AP - Setting a tone for an economic summit on his turf, President George W. Bush plans to tell world leaders that reforming financial markets alone won't help if they abandon the free market and restrict trade.
Palin to give views on the future of the GOP
AP - Alaska Gov. Sarah Palin is sending signals that she is open to running for president in 2012, but another potential candidate is sending a different message: Republicans can't get ahead of themselves.
Cheney set to meet with his successor Joe Biden
AP - The high-profile White House meeting this week between outgoing and incoming presidents is being followed Thursday night by a much lower-key get-together hosted by Vice President Dick Cheney for his successor, Democrat Joe Biden.
Pierce leads Celtics to 103-102 win over Hawks
AP - Paul Pierce hit a fallaway jumper with 0.5 seconds left, scoring 34 points in all on Wednesday night as the Boston Celtics overcame a 16-point, second-quarter deficit to beat Atlanta 103-102 and send the Hawks to their first loss of the season.
Germany falls into recession, Japan to boost IMF
Reuters - Germany has fallen into recession and China industry output growth dropped to its lowest in seven years, data showed on Thursday, reinforcing fears the financial crisis is plunging the world into a painful downturn.
Medvedev: ready to respond if U.S. ends missile plan
Reuters - Russia could cancel its deployment of missiles near the Polish border if U.S. President-elect Barack Obama scraps plans for a missile defense system in central Europe, Russian President Dmitry Medvedev said.
Iranian diplomat kidnapped in volatile Pakistan city
Reuters - Gunmen kidnapped an Iranian diplomat in northwestern Pakistan's Peshawar on Thursday, officials said, soon after a U.S. aid worker was killed in a city hit hard by an Islamist insurgency spreading from Afghanistan.
Foreclosures up 25 percent: RealtyTrac
Reuters - U.S. foreclosure activity in October rose 25 percent from a year earlier, although filings in California fell by double-digit percentage points for the second consecutive month due to a state law slowing the foreclosure process, according to a monthly report by RealtyTrac.
U.S. trails other nations in chronic illness care
Reuters - Chronically ill Americans are more likely to forgo medical care because of high costs or experience medical errors than patients in other affluent countries, according to a study released on Thursday.
Israel says hopes Gaza truce holds after violence
AFP - Israel indicated on Thursday that it hoped a truce in the Gaza Strip will hold despite a flare-up of violence in and around the besieged Palestinian territory in recent days.
Germany enters recession, China output growth hit
LONDON/TOKYO (Reuters) - Germany has fallen into recession and China's industry output growth waned to its weakest in seven years, data showed on Thursday, reinforcing evidence the financial crisis is plunging the world into a painful downturn.
Iranian diplomat abducted in Pakistan's Peshawar
PESHAWAR, Pakistan (Reuters) - Gunmen abducted an Iranian diplomat in Peshawar Thursday, a day after a U.S. aid worker was shot dead in the city on the front line of an Islamist insurgency sweeping northwest Pakistan and parts of Afghanistan.
Oil falls to 22-month low on recession fears
LONDON/PERTH (Reuters) - Oil fell for a third straight day on Thursday to hit a 22-month low of $55 a barrel as mounting economic pessimism outweighed comments by OPEC that it could cut output again as early as end-November.
Suicide blast kills 11 in Afghanistan
KABUL (Reuters) - A suicide car-bomber attacked a convoy of U.S.-led troops in eastern Afghanistan Thursday killing 11 people, including a U.S. soldier, and wounding 58, the U.S. military said.
OECD sees recession hitting, urges stimulus moves
PARIS (Reuters) - The Organization for Economic Cooperation and Development slashed its economic output forecasts for the United States, Japan and euro zone on Thursday and said the 30-nation OECD area appeared to have entered recession.
Afghan bombing kills 21, including US soldier
AP - A suicide bomber targeting a passing U.S. military convoy blew up his car near a crowded market in eastern Afghanistan Thursday, killing at least 21 people, including an American soldier, officials said.
Study: Calif dirty air kills more than car crashes
AP - Lowering air pollution in Southern California and the San Joaquin Valley would save more lives annually than ending all motor vehicle fatalities in the two regions, according to a new study.
Chesney snags 4th entertainer of the year award
AP - Kenny Chesney won only one of the seven awards he was nominated for at the CMA Awards, but he sure made it count.
Germany enters recession, China output growth hit
Reuters - Germany has fallen into recession and China's industry output growth waned to its weakest in seven years, data showed on Thursday, reinforcing evidence the financial crisis is plunging the world into a painful downturn.
Iranian diplomat abducted in Pakistan's Peshawar
Reuters - Gunmen abducted an Iranian diplomat in Peshawar Thursday, a day after a U.S. aid worker was shot dead in the city on the front line of an Islamist insurgency sweeping northwest Pakistan and parts of Afghanistan.
Suicide blast kills 11 in Afghanistan
Reuters - A suicide car-bomber attacked a convoy of U.S.-led troops in eastern Afghanistan Thursday killing 11 people, including a U.S. soldier, and wounding 58, the U.S. military said.
OECD sees recession hitting, urges stimulus moves
Reuters - The Organization for Economic Cooperation and Development slashed its economic output forecasts for the United States, Japan and euro zone on Thursday and said the 30-nation OECD area appeared to have entered recession.
Germany in recession as US scraps toxic asset buy-up
AFP - Germany, Europe's biggest economy, entered recession Thursday amid more heavy falls on stock markets after the US scrapped plans to buy up toxic mortgage assets at the heart of the financial crisis.
U.S. slams Russian missile threats
TALLINN (Reuters) - The United States views Russian threats to place tactical missiles in the Baltic enclave of Kaliningrad as provocative and misguided, U.S. Defense Secretary Robert Gates said on Thursday.
Oil hits 22-month low below $55, demand sinks
LONDON (Reuters) - Oil dropped to a 22-month low under $55 on Thursday as evidence piled up global recession would have a deep impact on demand and news OPEC might take more emergency action did only a little to halt the sell-off.
WITNESS: Zero G -- like being born
Tim Hepher has been a journalist with Reuters for 14 years, with experience covering trade wars and takeover battles, and now specializes in aerospace business in Paris. In the following story, he describes a parabolic flight where he somersaulted weightless with space officials and politicians.
Afghan bombing kills 9, including US soldier
AP - A suicide car bomber struck a U.S. military convoy Thursday as it passed through a crowded market in eastern Afghanistan, killing at least eight civilians and an American soldier, Afghan officials said.
Lakers 7-0, Paul Pierce delivers Hawks first loss
AP - The Los Angeles Lakers had a surprisingly easy time staying undefeated. Only a 'Super' effort kept the Atlanta Hawks from joining them. Paul Pierce made a jumper with 0.5 seconds left to give the Boston Celtics a 103-102 victory over Atlanta on Wednesday night, handing the Hawks their first loss of the season.
U.S. slams Russian missile threats
Reuters - The United States views Russian threats to place tactical missiles in the Baltic enclave of Kaliningrad as provocative and misguided, U.S. Defense Secretary Robert Gates said on Thursday.
Oil hits 22-month low below $55, demand sinks
Reuters - Oil dropped to a 22-month low under $55 on Thursday as evidence piled up global recession would have a deep impact on demand and news OPEC might take more emergency action did only a little to halt the sell-off.
Jobless claims reach 7-year high
WASHINGTON (Reuters) - The number of workers filing new claims for jobless benefits rose last week to 516,000, the highest level since the weeks following the September 11, 2001 attacks, the Labor Department reported on Thursday.
Germany and China feel the pain of global downturn
LONDON (Reuters) - Germany is in recession and China's industry output growth has waned to its weakest in seven years, data from the world's top exporting nations showed on Thursday, providing further evidence of a global economic slide.
Aiding carmakers not intent of bailout package: White House
ANDREWS AIR FORCE BASE, Md (Reuters) - The White House said on Thursday it was not Congress' intent to use the $700 billion financial rescue package to help ailing U.S. automakers.
U.S. critical of Russia's Baltic missile threats
TALLINN (Reuters) - The United States views Russian threats to place tactical missiles in the Baltic enclave of Kaliningrad as provocative and misguided, U.S. Defense Secretary Robert Gates said on Thursday.
Iran diplomat kidnapped, insecurity mounts in Pakistan
PESHAWAR, Pakistan (Reuters) - Gunmen abducted an Iranian diplomat in Peshawar on Thursday, a day after a U.S. aid worker was shot dead in the city on the front line of an Islamist insurgency sweeping northwest Pakistan and parts of Afghanistan.
Austrian incest father Fritzl charged with murder
VIENNA (Reuters) - Austrian Josef Fritzl, who imprisoned his daughter in a cellar for 24 years and fathered seven children by her, has been charged with the murder of one of their children who died shortly after birth.
Jobless claims surge while trade deficit narrows
AP - Applications for unemployment benefits soared to the highest level since just after the Sept. 11, 2001, terrorist attacks while the trade deficit shrank more than expected as demand for imports plunged, further evidence of the struggling U.S. economy.
Foreclosure rates up 25 percent year-over-year
AP - The number of homeowners caught in the wave of foreclosures in October grew 25 percent nationally over the same month in 2007, data released Thursday showed.
Stocks open higher despite disappointing jobs data
AP - Wall Street is rebounding modestly in early trading, with investors seemingly unfazed by a government report showing a larger-than-expected jump in unemployment claims. The Dow Jones industrials are up 37 points at the 8,319 level, and the other major indexes are also advancing after three straight days of declines.
Jobless claims jump unexpectedly to 7-year high
AP - The number of newly laid-off individuals seeking unemployment benefits has jumped to a level not seen since just after the Sept. 11, 2001, terrorist attacks.
Jobless claims reach 7-year high
Reuters - The number of workers filing new claims for jobless benefits rose last week to 516,000, the highest level since the weeks following the September 11, 2001 attacks, the Labor Department reported on Thursday.
Germany and China feel the pain of global downturn
Reuters - Germany is in recession and China's industry output growth has waned to its weakest in seven years, data from the world's top exporting nations showed on Thursday, providing further evidence of a global economic slide.
Aiding carmakers not intent of bailout package: White House
Reuters - The White House said on Thursday it was not Congress' intent to use the $700 billion financial rescue package to help ailing U.S. automakers.
U.S. critical of Russia's Baltic missile threats
Reuters - The United States views Russian threats to place tactical missiles in the Baltic enclave of Kaliningrad as provocative and misguided, U.S. Defense Secretary Robert Gates said on Thursday.
Iran diplomat kidnapped, insecurity mounts in Pakistan
Reuters - Gunmen abducted an Iranian diplomat in Peshawar on Thursday, a day after a U.S. aid worker was shot dead in the city on the front line of an Islamist insurgency sweeping northwest Pakistan and parts of Afghanistan.
Oil rises above $57, OPEC lends support
Reuters - Oil rose above $57 a barrel on Thursday, recovering from a 22-month low as it drew limited support from news OPEC might take more emergency action to compensate for a deep drop in energy demand.
Austrian incest father Fritzl charged with murder
Reuters - Austrian Josef Fritzl, who imprisoned his daughter in a cellar for 24 years and fathered seven children by her, has been charged with the murder of one of their children who died shortly after birth.
Austrian incest father charged with murder: official
AFP - Josef Fritzl, 73, who held his daughter as a sex slave in a cellar for 24 years, has been charged with murdering one of the children he had with her, according to the charge sheet published Thursday.
Jobless claims hit 25-year high, imports plunge
WASHINGTON (Reuters) - The number of workers drawing jobless benefits hit a 25-year high this month and U.S. imports suffered a record drop in September, according to reports on Thursday that underscored a rapid drop-off in the U.S. economy.
Soros says deep recession inevitable, depression possible
WASHINGTON (Reuters) - George Soros, chairman of Soros Fund Management, testified at a House Oversight and Government Reform Committee hearing on Thursday. Highlights:
Goldman suspends GM rating, sees $22 billion bailout
DETROIT (Reuters) - Goldman Sachs suspended its rating on General Motors Corp on Thursday and said the automaker needs at least $22 billion in federal aid to survive a deepening industry downturn.
Germany, China, U.S. feel pain of global downturn
NEW YORK (Reuters) - Three of the world's largest economies painted bleak pictures of their current conditions on Thursday as the United States, China and Germany all released data providing more evidence of the global economic slide.
Obama weighing idea of "auto czar," aide says
CHICAGO (Reuters) - President-elect Barack Obama is considering naming a point person to lead efforts to help the distressed auto industry return to health, an Obama aide said on Thursday.
Biden picks former Gore aide as chief of staff
CHICAGO (Reuters) - Vice President-elect Joe Biden has picked former Al Gore aide Ron Klain to be his chief of staff, a Democratic official said on Thursday.
Economic group says developed world in recession
AP - The world's developed economies, hard hit by the financial crisis, have slid into recession and will shrink further in 2009, a top international organization said Thursday.
Stocks fluctuate after jobs data, Wal-Mart outlook
AP - Wall Street struggled to find a direction Thursday after three straight days of declines, with investors reacting calmly to a larger-than-expected jump in unemployment claims and news that Wal-Mart Stores Inc. is cutting its full-year outlook
County treasurer defeated by 'teenybopper' student
AP - A county treasurer who lost her bid for a fourth term last week to a 20-year-old Dartmouth College student from Montana blames her failed candidacy on 'brainwashed college kids.'
Jobless claims hit 25-year high, imports plunge
Reuters - The number of workers drawing jobless benefits hit a 25-year high this month and U.S. imports suffered a record drop in September, according to reports on Thursday that underscored a rapid drop-off in the U.S. economy.
Soros says deep recession inevitable, depression possible
Reuters - George Soros, chairman of Soros Fund Management, testified at a House Oversight and Government Reform Committee hearing on Thursday. Highlights:
Goldman suspends GM rating, sees $22 billion bailout
Reuters - Goldman Sachs suspended its rating on General Motors Corp on Thursday and said the automaker needs at least $22 billion in federal aid to survive a deepening industry downturn.
Germany, China, U.S. feel pain of global downturn
Reuters - Three of the world's largest economies painted bleak pictures of their current conditions on Thursday as the United States, China and Germany all released data providing more evidence of the global economic slide.
Obama weighing idea of "auto czar," aide says
Reuters - President-elect Barack Obama is considering naming a point person to lead efforts to help the distressed auto industry return to health, an Obama aide said on Thursday.
Biden picks former Gore aide as chief of staff
Reuters - Vice President-elect Joe Biden has picked former Al Gore aide Ron Klain to be his chief of staff, a Democratic official said on Thursday.
Top hedge funds see more rules ahead for industry
WASHINGTON/BOSTON (Reuters) - Some of the world's richest and most powerful hedge fund managers told U.S. lawmakers on Thursday that they support greater transparency for the secretive industry, but offered divergent views on whether the industry contributed to the financial crisis.
Goldman suspends GM rating, says bailout needed
DETROIT (Reuters) - Goldman Sachs suspended its rating on General Motors Corp on Thursday and said the automaker needs at least $22 billion in federal aid to survive a deepening industry downturn.
Civilian cargo plane crashes in Iraq, 7 killed
BAGHDAD (Reuters) - A civilian cargo aircraft crashed in western Iraq on Thursday killing all seven people on board, the U.S. military and shipping firm FedEx said.
Jobless claims unexpectedly jump to highest level since 9/11
AP - Applications for unemployment benefits soared to the highest level since just after the Sept. 11, 2001, terrorist attacks while the trade deficit shrank more than expected as demand for imports plunged, further evidence of the struggling U.S. economy.
Stocks drop after jobs data, Wal-Mart outlook
AP - Wall Street extended its sharp declines into a fourth day Thursday, with the Dow Jones industrials briefly dropping below 8,000 as investors continued their selling amidst a stream of negative economic news.
Banks say they're using bailout money for loans
AP - Some of the nation's largest banks sharing in the $700 billion government bailout of the financial industry tried to assure lawmakers Thursday they are using the money to make more loans and help financially strapped homeowners avoid foreclosure.
OECD says developed world already in recession
AP - The world's developed countries, hard hit by the financial crisis, have probably tipped into a recession that will last at least through the first half of 2009, according to new projections issued Thursday.
Gardenhire gets 2-year extension from Twins to '11
AP - The Minnesota Twins have signed manager Ron Gardenhire to a two-year contract extension through the 2011 season.
Lawmakers challenge big banks on bailout funds
Reuters - Senators asked the nation's biggest banks on Thursday to explain how they are using the billions of taxpayer dollars provided to them under a massive government bailout program. The answers were mixed.
Goldman suspends GM rating, says bailout needed
Reuters - Goldman Sachs suspended its rating on General Motors Corp on Thursday and said the automaker needs at least $22 billion in federal aid to survive a deepening industry downturn.
Civilian cargo plane crashes in Iraq, 7 killed
Reuters - A civilian cargo aircraft crashed in western Iraq on Thursday killing all seven people on board, the U.S. military and shipping firm FedEx said.
Rebels advance on strategic eastern DR Congo town
AFP - Rebels in eastern Democratic Republic of Congo swept to the outskirts of a strategic crossroads town on Thursday where hundreds of government troops and UN peacekeepers stood in their way.
Lawmakers challenge big banks on bailout funds
WASHINGTON (Reuters) - Senators asked the nation's biggest banks on Thursday to explain how they are using the billions of taxpayer dollars provided to them under a massive government bailout program. The answers were mixed.
Obama resigns Senate seat effective Sunday
WASHINGTON (Reuters) - President-elect Barack Obama said he would resign his U.S. Senate seat effective on Sunday as he focuses on his transition to the White House.
Goldman suspends GM rating, Chrysler urges aid
DETROIT (Reuters) - Goldman Sachs suspended its rating on General Motors Corp on Thursday and said the automaker needs at least $22 billion in federal aid, while Chrysler said it would be 'very difficult to survive' without government support.
U.S., Germany, China feel pain of global downturn
NEW YORK (Reuters) - Three of the world's largest economies painted bleak pictures of current conditions on Thursday as the United States, China and Germany all provided fresh evidence of the global economic slide.
Iraq model not good fit for Afghan war: U.S. official
WASHINGTON (Reuters) - Afghanistan's geography and socioeconomic conditions will make it hard for the U.S. military there to duplicate policies that helped stem Iraq's insurgency, a senior Pentagon official said on Thursday.
Stocks embark on massive rebound
AP - Wall Street launched a massive rebound Thursday, sending the Dow Jones industrial average up more than 200 points after driving it below the 8,000 mark, as investors decided they did not want to miss out on buying stocks at cheap prices.
O'Neal, son delay entering pleas in meth cases
AP - Ryan O'Neal and his son have delayed entering pleas in their felony drug cases until after the new year. The Oscar-nominated actor and his son appeared in court Thursday morning, where attorneys asked a judge for more time to review evidence. The 67-year-old actor and his 23-year-old son were ordered to return on Jan. 9.
Indians lefty Cliff Lee wins AL Cy Young Award
AP - Cliff Lee won the American League Cy Young Award in a runaway on Thursday, capping a dominant comeback season that made him the second consecutive Cleveland Indians lefty to earn the honor. Demoted to the minors last year, Lee went a major league-best 22-3 this season with a 2.54 ERA. He received 24 of 28 first-place votes and 132 points in balloting by the Baseball Writers' Association of America.
World leaders to gather on crisis, no quick fix seen
Reuters - A bid by global leaders to push forward plans this weekend to erect a firewall against future financial crises like the one now threatening the world economy will quickly run into tough political realities that will limit progress.
Obama resigns Senate seat effective Sunday
Reuters - President-elect Barack Obama said he would resign his U.S. Senate seat effective on Sunday as he focuses on his transition to the White House.
Goldman suspends GM rating, Chrysler urges aid
Reuters - Goldman Sachs suspended its rating on General Motors Corp on Thursday and said the automaker needs at least $22 billion in federal aid, while Chrysler said it would be 'very difficult to survive' without government support.
U.S., Germany, China feel pain of global downturn
Reuters - Three of the world's largest economies painted bleak pictures of current conditions on Thursday as the United States, China and Germany all provided fresh evidence of the global economic slide.
Iraq model not good fit for Afghan war: U.S. official
Reuters - Afghanistan's geography and socioeconomic conditions will make it hard for the U.S. military there to duplicate policies that helped stem Iraq's insurgency, a senior Pentagon official said on Thursday.
Civilian cargo plane crashes in Iraq, killing 7
Reuters - A civilian cargo aircraft crashed in western Iraq on Thursday, killing all seven people on board, the U.S. military and shipping firm FedEx said.
World leaders to gather on crisis, no quick fix seen
WASHINGTON (Reuters) - A bid by global leaders to push forward plans this weekend to erect a firewall against future financial crises like the one now threatening the world economy will quickly run into tough political realities that will limit progress.
Fed officials see economic gloom, policy bind
WINONA, Minnesota (Reuters) - Two top Federal Reserve policy-makers painted a gloomy picture on the U.S. economy on Thursday, on a day when initial claims for unemployment assistance topped half a million people.
Washington hopes to cash in on Obama-mania
WASHINGTON (Reuters) - How much would you pay for a front row seat to history?
Dow ends up nearly 553 in rebound from selloff
AP - Wall Street launched a massive rebound Thursday, muscling the Dow Jones industrial average up nearly 553 points after driving it down near its lows for the year, as investors decided they did not want to miss out on cheap stocks.
Obama's inauguration may draw 1 million-plus
AP - President-elect Barack Obama's inauguration is expected to draw 1 million-plus to the capital, and already some lawmakers have stopped taking ticket requests and hotels have booked up. Some people are bartering on Craigslist for places to stay for the Jan. 20 ceremony when the Illinois senator takes the oath of office. They are offering cash or even help with dishes for residents willing to open up their homes.
Bush defends capitalism on eve of economic summit
AP - President George W. Bush fervently defended U.S.-style free enterprise Thursday as the cure for the world's financial chaos, not the cause. He warned foreign leaders ahead of a weekend summit not to crush global growth with restrictive new rules.
Neb. parents rush to leave kids before law changes
AP - The mother was running out of more than patience when she abandoned her 18-year-old daughter at a hospital over the weekend under Nebraska's safe-haven law.
NASA releases first images of planets outside our solar system
AP - Earth seems to have its first fuzzy photos of alien planets outside our solar system, images captured by two teams of astronomers. The pictures show four likely planets that appear as specks of white, nearly indecipherable except to the most eagle-eyed experts. All are trillions of miles away — three of them orbiting the same star, and the fourth circling a different star.
Kanye West says he's 'voice of this generation'
AP - Kanye West is to music what Michael Jordan was to basketball — at least that's what West thinks, in his humble estimation.
Man accused of urinating on arresting officer
AP - A 35-year-old man faces charges after allegedly driving drunk and then urinating in the back of a squad car and on the arresting officer. A criminal complaint said the man was pulled over early Wednesday after an officer saw him driving erratically and striking a pole at a gas station.
Fed officials see economic gloom, policy bind
Reuters - Two top Federal Reserve policy-makers painted a gloomy picture on the U.S. economy on Thursday, on a day when initial claims for unemployment assistance topped half a million people.
Chrysler urges bailout, Washington split
Reuters - Goldman Sachs suspended its rating on General Motors Corp on Thursday and said the automaker needs at least $22 billion in federal aid, while Chrysler said it would be 'very difficult to survive' without government support.
Wall Street in sharp rebound as market bounces off lows
AFP - US stocks staged a powerful rebound Thursday in highly volatile trade as traders shook off grim economic news and were buoyed by a successful test of market lows hit last month.
Sen. Clinton considered for top diplomat: report
WASHINGTON (Reuters) - Sen. Hillary Clinton, who lost to Barack Obama in the Democratic presidential primary, is being considered to serve as secretary of state in the Obama administration, NBC News reported on Thursday.
Biden visits Cheney, calls foreign leaders
WASHINGTON (Reuters) - Dick Cheney, considered one of the most powerful vice presidents in U.S. history, welcomed Vice President-elect Joe Biden on Thursday for a tour of his new home to be.
Chrysler urges bailout, Washington split
DETROIT (Reuters) - Goldman Sachs suspended its rating on General Motors Corp on Thursday and said the automaker needs at least $22 billion in federal aid, while Chrysler said it would be 'very difficult to survive' without government support.
Deficit and jobless claims jump, but stocks soar
AP - The nation's financial picture grew darker Thursday, a day marked by breathtaking numbers: a quarter-trillion-dollar budget deficit for a single month, a half-million new applications for unemployment benefits and a 900-point swing that led Wall Street to its third-biggest point gain ever.
Crowd of 1 million could attend Obama inauguration
AP - President-elect Barack Obama's inauguration is expected to draw 1 million-plus to the capital, and already some lawmakers have stopped taking ticket requests and hotels have booked up.
McCain asks Georgia voters to back Sen. Chambliss
AP - Republican John McCain implored Georgia voters Thursday to back Sen. Saxby Chambliss in next month's runoff, warning that Democrats will increase taxes and cut defense spending and the GOP needs to strengthen its ranks.
SC priest: No communion for Obama supporters
AP - A South Carolina Roman Catholic priest has told his parishioners that they should refrain from receiving Holy Communion if they voted for Barack Obama because the Democratic president-elect supports abortion, and supporting him 'constitutes material cooperation with intrinsic evil.'
White Sox trade IB-OF Nick Swisher to Yankees
AP - The New York Yankees started their offseason makeover by acquiring Nick Swisher from the Chicago White Sox on Thursday. Swisher, who can play first base and all three outfield spots, was obtained for pitching prospect Jeff Marquez and infielder Wilson Betemit.
Sen. Clinton considered for top diplomat: report
Reuters - Sen. Hillary Clinton, who lost to Barack Obama in the Democratic presidential primary, is being considered to serve as secretary of state in the Obama administration, NBC News reported on Thursday.
Biden visits Cheney, calls foreign leaders
Reuters - Dick Cheney, considered one of the most powerful vice presidents in U.S. history, welcomed Vice President-elect Joe Biden on Thursday for a tour of his new home to be.
Hillary Clinton emerges as State dept candidate
CHICAGO (Reuters) - Sen. Hillary Clinton emerged on Thursday as a candidate to be U.S. secretary of state for Barack Obama, months after he defeated her in an intense contest for the Democratic presidential nomination.
Bargain hunters lift Dow 553 points, S&P up 7 percent
NEW YORK (Reuters) - Stocks surged on Thursday and broke a three-day losing streak after the S&P 500 and Nasdaq touched new five-year lows earlier in the session, prompting investors to put aside worries about the flagging economy and scoop up wilted shares at fire-sale prices.
Qaeda stung by U.S. pressure in Pakistan: CIA chief
WASHINGTON (Reuters) - U.S. pressure on al Qaeda near Pakistan's border with Afghanistan has put the group 'off balance,' but the region remains the biggest terrorism threat to the United States, the CIA's chief said on Thursday.
Officials: Hillary Clinton being eyed for State
AP - Sen. Hillary Rodham Clinton is among the candidates that President-elect Barack Obama is considering for secretary of state, according to two Democratic officials in close contact with the Obama transition team.
VP-elect Biden hopes to be a hands-on No. 2
AP - Vice President-elect Joe Biden was all smiles Thursday when he paid a courtesy call the man he will succeed, Dick Cheney. But he has insisted he wants to be nothing like him. Biden has called Cheney 'the most dangerous vice president we've had probably in American history' and said he couldn't name a single good thing Cheney had done.
Jets open 10-3 lead over Patriots after 1 quarter
AP - Brett Favre hit Leon Washington for a 7-yard touchdown pass on the game's opening drive and the New York Jets took a 10-3 lead over New England through one quarter on Thursday night with first place in the AFC East at stake.
Hillary Clinton emerges as State dept candidate
Reuters - Sen. Hillary Clinton emerged on Thursday as a candidate to be U.S. secretary of state for Barack Obama, months after he defeated her in an intense contest for the Democratic presidential nomination.
Qaeda stung by U.S. pressure in Pakistan: CIA chief
Reuters - U.S. pressure on al Qaeda near Pakistan's border with Afghanistan has put the group 'off balance,' but the region remains the biggest terrorism threat to the United States, the CIA's chief said on Thursday.
Korea ties may be heading to disaster: ex-president
SEOUL (Reuters) - Former South Korean President Kim Dae-jung, architect of a policy a decade ago to bring the two Koreas together, has warned relations may be heading toward catastrophe as the prickly North draws deeper into its shell.
Officials: Sen. Clinton eyed as secretary of state
AP - Sen. Hillary Rodham Clinton is among the candidates that President-elect Barack Obama is considering for secretary of state, according to two Democratic officials in close contact with the Obama transition team.
Juanes sweeps Latin Grammys with 5 wins
AP - Colombian rocker Juanes ruled the Latin Grammys on Thursday, sweeping awards in five categories — including record of the year and album of the year — and setting a new record for total wins.
Favre, Jets lead Patriots 24-21 after 3 quarters
AP - Leon Washington scored on a 92-yard kickoff return and a 7-yard touchdown pass, and Jerricho Cotchery followed an acrobatic catch with a TD reception to help the New York Jets open a 24-21 lead over New England after three quarters on Thursday night with first place in the AFC East at stake.
Korea ties may be heading to disaster: ex-president
Reuters - Former South Korean President Kim Dae-jung, architect of a policy a decade ago to bring the two Koreas together, has warned relations may be heading toward catastrophe as the prickly North draws deeper into its shell.
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