Archive for December 11th, 2012

U.S. Chamber calls for trade officials to review Volcker rule

December 11, 2012
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(Reuters) – The U.S. Chamber of Commerce is asking federal officials to consider whether a proposed proprietary trading ban undermines U.S. trade policy, part of an ongoing effort by industry groups to push back against the so-called Volcker rule.
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Stocks gain on budget talk optimism, Fed stimulus

December 11, 2012
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NEW YORK (AP) — The stock market showed signs of life Tuesday following hopeful signs of progress in budget talks being held in Washington.
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Michigan passes right-to-work bill

December 11, 2012
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LANSING, Michigan (Reuters) – The Republican-majority Michigan legislature gave final approval on Tuesday to “right-to-work” restrictions on public sector unions in a state considered a stronghold of organized labor, as protesters chanted in the gallery and thousands rallied outside.
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Boehner: ‘Let’s be honest. We’re broke’

December 11, 2012
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WASHINGTON (AP) — House Speaker John Boehner accused President Barack Obama on Tuesday of slow-walking negotiations to avoid the “fiscal cliff” and urged him to name specific cuts in government spending he would support as part of any compromise.
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German confidence lifts Europe shares to 18-month high

December 11, 2012
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LONDON (Reuters) – European shares hit an 18-month high and the euro climbed on Tuesday, buoyed by a pick-up in German confidence indicators and expectations the Federal Reserve will keep pumping money into the U.S. economy.
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TEXT-S&P summary: Genting Bhd.

December 11, 2012
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Dec 11 - ===============================================================================
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U.S. set to boost ties with Syrian opposition

December 11, 2012
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WASHINGTON (AP) — The Obama administration is getting ready to tighten its ties to Syria‘s main opposition group, a step in the intensifying diplomacy that officials hope will craft an end to Syrian President Bashar Assad‘s embattled regime.
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Can Obama avoid the ‘second-term curse’?

December 11, 2012
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By Jeff Greenfield Poor Barack Obama. After fighting and spending his way to a close but clear re-election, he’s doomed to four years of agony thanks to that “second-term” curse, which afflicts just about every president who has had the misfortune to win another four years.
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Argentine mom rescues hundreds of sex slaves in search for daughter

December 11, 2012
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LA PLATA, Argentina (AP) — Susana Trimarco was a housewife who fussed over her family and paid scant attention to the news until her daughter left for a doctor’s appointment and never came back.
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Fiscal cliff talks picking up pace

December 11, 2012
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WASHINGTON (Reuters) – The White House and House of Representatives Speaker John Boehner‘s office held more negotiations on Monday on ways to break the stalemate over the “fiscal cliff,” steep tax hikes and budget cuts set to start kicking in next month.
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