Archive for November, 2012

Obama to appeal to public on ‘fiscal cliff’

November 27, 2012
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WASHINGTON (AP) — President Barack Obama plans to make a public case this week for his strategy for dealing with the looming fiscal cliff, traveling to the Philadelphia suburbs Friday as he pressures Republicans to allow tax increases on the wealthy while extending tax cuts for families earning $250,000 or less.
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TEXT-S&P summary: Starhill Global Real Estate Investment Trust

November 27, 2012
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(The following statement was released by the rating agency) Nov 27 -
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Experts exhume Arafat, seek evidence of poison

November 27, 2012
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RAMALLAH, West Bank (Reuters) – The body of the late Palestinian leader Yasser Arafat was exhumed on Tuesday by a team of international experts trying to discover if he was poisoned, as many Palestinians believe.
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New York, New Jersey put $71 billion price tag on Sandy

November 27, 2012
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(Reuters) – New York state and New Jersey need at least $71.3 billion to recover from the devastation wrought by Superstorm Sandy and prevent similar damage from future storms, according to their latest estimates.
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ResCap creditors target cash from Ally asset sales: WSJ

November 27, 2012
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(Reuters) – A group of creditors of Ally Financial Inc‘s mortgage subsidiary is laying claim to cash from Ally asset sales that was intended to help repay the U.S. government, which funded a $17.2 billion bailout of the financing firm, the Wall Street Journal reported.
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Asian shares, euro rise on Greek debt deal

November 27, 2012
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TOKYO (Reuters) – The euro hit a one-month high, commodities rose and Asian shares climbed for a seventh consecutive day on Tuesday as global lenders reached a deal on new debt targets for Greece and a political agreement on disbursing the next installment of aid.
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Obama undecided on post-2014 Afghan presence

November 27, 2012
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Obama undecided on post-2014 Afghan presence

http://media.zenfs.com/en/blogs/theticket/486f091b0040b321210f6a706700f0ad.jpgPresident Barack Obama has not yet settled on how many U.S. troops he would like to see stay in Afghanistan past 2014, a number that must be negotiated with the the Afghan government in Kabul, the White House said Monday. Press secretary Jay Carney also suggested that no troops at all might stay in...
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FDA flexes new muscles, shuts down peanut plant

November 27, 2012
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WASHINGTON (AP) — The Food and Drug Administration halted operations of the country’s largest organic peanut butter processor Monday, cracking down on salmonella poisoning for the first time with the new enforcement authority the agency gained in a 2011 food safety law.
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Grover Norquist on tax pledge: ‘No one is caving’

November 26, 2012
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Some Republicans are showing a willingness to raise taxes, but conservative activist Grover Norquist, who has convinced Republican candidates and policymakers to sign a pledge never to increase rates, thinks it’s all a bluff.
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Jobless benefits at risk of going over cliff

November 26, 2012
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In recent months, consumer confidence has risen as the unemployment rate has come down and the housing recovery builds momentum. This weekend’s strong start to the holiday shopping season is another sign of an economy that’s doing much better than feared.
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