Archive for the ‘Breaking News’ Category

Loss of a Civil Rights Giant

"If the times aren’t ripe, you have to ripen the times."
This was the mantra of civil rights leader Dorothy Height who passed on Tuesday evening in hospital at the great age of 98.  While Dr. Height was a shining example for women during a time when women were definitely considered second class citizens, the fact [...]

LifeLock finally exposed

 
Well a few years ago there was an ad being shown everywhere on TV and on the side of busses and carried around on a truck all over the city with CEO Todd Davis’s social security number. He claimed his company could protect anyone from being a source of identity theft.
Not long after [...]

Obama says would not accept Geithner resignation

WASHINGTON (Reuters) – President Barack Obama stepped up his weeklong defense of much-criticized Treasury Secretary Timothy Geithner, saying he would not accept his resignation even if it was tendered.

U.S. hands almost all Sunni guards to Iraqi control

BAGHDAD (Reuters) – Almost 90 percent of the tens of thousands of U.S.-backed fighters who helped purge much of Iraq of al Qaeda have been transferred to Iraqi control, the U.S. commander in charge of their program said Saturday.

Treasury soon to unveil U.S. bank rescue bid

WASHINGTON (Reuters) – The U.S. government will roll out next week a three-pronged bid to cleanse the U.S. financial system of “toxic” assets clogging banks’ balance sheets, a source familiar with the plan said on Saturday.

Obama sticks to budget, sees room for compromise

WASHINGTON (Reuters) – President Barack Obama vowed on Saturday to stick to the big-ticket items in his budget proposal but acknowledged that dollar amounts would “undoubtedly change” as Congress prepared to take up his record spending plan.

Washington Mutual sues FDIC for over $13 billion

NEW YORK (Reuters) – Washington Mutual Inc, the failed U.S. savings and loan, has sued the Federal Deposit Insurance Corp for well over $13 billion in connection with the loss of its banking operations, which was acquired by JPMorgan Chase & Co.

U.S. backs Danish PM as next NATO chief: diplomats

BRUSSELS (Reuters) – The United States has told NATO allies it will back Danish Prime Minister Anders Fogh Rasmussen as the next head of the alliance, NATO diplomats and a U.S. source said on Saturday.

AIG bonus payments $218 million

CHICAGO (Reuters) – Documents turned over to the Connecticut attorney general show that American International Group Inc paid out over $218 million in bonuses, more than the previously disclosed $165 million, published reports said on Saturday.

Iran to U.S.: “You change, our behavior will change”

TEHRAN (Reuters) – Iran’s Supreme Leader Ayatollah Ali Khamenei said on Saturday U.S. President Barack Obama’s offer of better ties was just a “slogan,” but pledged Tehran would respond to any real policy shift by Washington.