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Friday, November 18, 2011

Official: Dems reject latest GOP deficit offer (AP)

Official: Dems reject latest GOP deficit offer (AP)

Official: Dems reject latest GOP deficit offer (AP)

Posted: 18 Nov 2011 12:20 PM PST

Microphones and tape recorders reach out for comments by Supercommittee member Sen. John Kerry, D-Mass., after he and other Democratic members of the Supercommittee finished a closed-door meeting on Capitol Hill in Washington, Thursday, Nov. 17, 2011. (AP Photo/J. Scott Applewhite)AP - A congressional official says Democrats on the deficit-cutting supercommittee have rejected a last-ditch offer from the Republicans that would curb deficits by $545 billion over the next decade.

Egypt's Islamists confront military, vie for votes (AP)

Posted: 18 Nov 2011 10:37 AM PST

Thousands of Egyptians rally in Cairo's Tahrir square, Egypt, Friday, Nov.18, 2011, in a protest against what they say are attempts by the country's military rulers to reinforce their powers. The rally Friday was dominated by the country's most organized political group, the Muslim Brotherhood. It was called to protest a document floated by the government which declares the military the guardian of 'constitutional legitimacy,' suggesting the armed forces could have the final word on major policies. Arabic on Egyptian flags reads 'Jan. 25'. (AP Photo/Amr Nabil)AP - Tens of thousands of Islamists and young activists massed Friday in Tahrir Square, confronting Egypt's ruling military council with the largest crowd in months to protest the generals' attempt to give themselves special powers over a future elected government.

Joe Paterno has lung cancer, son says (AP)

Posted: 18 Nov 2011 01:19 PM PST

FILE - In this Oct. 22, 2011 file photo, Penn State coach Joe Paterno stands on the field before his team's NCAA college football game against Northwestern, in Evanston, Ill. Former Penn State coach Paterno has a treatable form of lung cancer, according to his son. Scott Paterno says in a statement provided to The Associated Press by a family representative that the 84-year-old Joe Paterno is undergoing treatment and that 'his doctors are optimistic he will make a full recovery.' (AP Photo/Jim Prisching, File)AP - Former Penn State coach Joe Paterno has a treatable form of lung cancer, according to his son.

House says no to mandating balanced federal budget (AP)

Posted: 18 Nov 2011 01:05 PM PST

Rep. Jeb Hensarling, R-Texas, co-chair of the supercommittee, tells reporters outside his office that the deficit reduction panel would work over the weekend as the deadline for its work nears, on Capitol Hill in Washington, Friday, Nov. 18, 2011. (AP Photo/J. Scott Applewhite)AP - Rejecting the idea Congress can't control its spending impulses, the House turned back a Republican proposal Friday to amend the Constitution to dam the rising flood of federal red ink. Democrats — and a few GOP lawmakers — said damage from the balanced-budget mandate would outweigh any benefits.

FDA revokes approval of Avastin for breast cancer (AP)

Posted: 18 Nov 2011 01:23 PM PST

This undated photo provided Jan. 31, 2011, by California-based Genentech Inc., shows the blockbuster cancer drug Avastin. The blockbuster drug should no longer be used in advanced breast cancer patients because there's no proof that it extends their lives or even provides enough temporary benefit to outweigh its dangerous side effects, the Food and Drug Administration declared Friday, Nov. 18, 2011. (AP Photo/Genentech Inc., File)AP - The government delivered a blow to some desperate patients Friday as it ruled the blockbuster drug Avastin should no longer be used to treat advanced breast cancer.

16 killed as Syria OKs observers in principle (AP)

Posted: 18 Nov 2011 11:36 AM PST

Protesters chant anti-Syrian regime slogans in Tahrir Square, the focal point of the uprising that ousted President Hosni Mubarak, in Cairo, Egypt, Friday, Nov. 18, 2011. Thousands of Egyptians are rallying in Cairo's Tahrir square, with Islamists in the forefront, in a protest against what they say are attempts by the country's military rulers to reinforce their powers. (AP Photo/Khalil Hamra)AP - Syria agreed in principle Friday to allow dozens of Arab observers into the country to oversee a peace plan, a significant concession from a hardline regime that loathes any sort of outside interference.

Official says Wagner not a suspect in Wood death (AP)

Posted: 18 Nov 2011 01:00 PM PST

FILE - In this April 9, 1979 file photo, actress Natalie Wood is shown at the 51st Annual Academy Awards in Los Angeles. Los Angeles sheriff's homicide detectives are taking another look at Wood's 1981 drowning death based on new information, officials announced Thursday, Nov. 17, 2011. (AP Photo, file)AP - Investigators reopened the case of Natalie Wood's 1981 drowning after receiving new information they deemed credible enough to warrant another look at one of Hollywood's most enduring mysteries.

Self-help guru gets 2 years in sweat lodge deaths (AP)

Posted: 18 Nov 2011 12:22 PM PST

Self-help author James Arthur Ray cries as he asks for forgiveness from the families of his victims during his sentencing at Yavapai County Courthouse in Prescott, Ariz., Friday, Nov. 18, 2011. Ray received a prison sentence of six years, two years for each of his three victims. Ray was convicted June 22, 2011, on three counts of negligent homicide for the deaths of participants at a sweat-lodge ceremony he held near Sedona in October 2009. (AP Photo/Rob Schumacher, Pool)AP - A charismatic self-help author was sentenced Friday to two years in prison for leading an Arizona sweat lodge ceremony that was supposed to offer spiritual enlightenment but instead ended with disoriented participants struggling to breathe and being dragged outside. Three people died.

Star-studded sendoff for Heavy D (AP)

Posted: 18 Nov 2011 12:43 PM PST

FILE - In this Oct. 1, 2011 file photo, rapper Heavy D, also known as Dwight Arrington Myers, performs during the BET Hip Hop Awards in Atlanta. A representative confirmed Tuesday, Nov. 8, 2011 that the singer and former leader of Heavy D & the Boyz died. A private funeral for Heavy D will be held Friday, Nov. 18, at Grace Baptist Church in Mount Vernon, N.Y. Rap mogul Diddy and the Rev. Al Sharpton will speak at the funeral. (AP Photo/David Goldman, file)AP - Heavy D was remembered with laughter and tears Friday during a star-studded funeral service that included Jay-Z and Will Smith, humorous anecdotes from longtime friend Diddy, and words of encouragement for his young daughter, delivered in a letter from President Barack Obama.

British woman tries historic Antarctic crossing (AP)

Posted: 18 Nov 2011 09:06 AM PST

In this photo taken on Friday Nov. 4, 2011 provided by the Kaspersky ONE Trans-antarctic Expedition, British adventurer Felicity Aston poses for a photo by a map in Punta Arenas, Chile. Aston plans to ski by herself across the Antarctica, all the way to the other side of the frozen continent. If she manages to complete this journey of more than 1,000 miles (1,700 kilometers) in late January, she'll become the first human person to cross Antarctica alone under her own power. She would also set a record for the longest solo polar expedition by a woman, at about 70 days. A charter flight from Chile will take her to a base in Antarctica on Friday Nov. 18, 2011. (AP Photo/Kaspersky ONE Trans-antarctic Expedition/Kaspersky Lab)AP - Reaching the end of the Earth has become almost routine these days: One hundred years after Norway's Roald Amundsen beat Britain's R.F. Scott to the South Pole, more than 30 teams are trying for it this year.

Wall St. closes worst week in 2 months (Reuters)

Posted: 18 Nov 2011 01:09 PM PST

Traders work on the floor of the New York Stock Exchange November 14, 2011. REUTERS/Brendan McDermidReuters - The worst week for U.S. stocks in two months ended with investors mostly on the sidelines on Friday as they wait for politicians in Europe and the United States to tackle festering debt problems.

European bank chief urges action on rescue fund (Reuters)

Posted: 18 Nov 2011 10:25 AM PST

Reuters - European Central Bank chief Mario Draghi told euro zone governments on Friday to act fast to get their rescue fund up and running, expressing exasperation at their lack of progress in responding to the escalating debt crisis.

Deficit-cutting panel girds for failure (Reuters)

Posted: 18 Nov 2011 12:51 PM PST

The twelve members of the Congressional Super Committee, six Democrats and six Republicans, gather for opening remarks as the panel holds its inaugural meeting to search for at least $1.2 trillion in new deficit reductions, in Washington, DC, September 8, 2011. REUTERS/Mike TheilerReuters - A high-profile congressional effort to trim stubborn U.S. budget deficits appeared near collapse on Friday as Democratic and Republican lawmakers were unable to agree on tax increases and benefit cuts.

Eleven killed in Syria on eve of Arab deadline (Reuters)

Posted: 18 Nov 2011 11:28 AM PST

Demonstrators protest against Syria's President Bashar al-Assad after Friday prayers in Homs November 18, 2011. REUTERS/HandoutReuters - Syria is seeking changes to a planned mission to monitor its implementation of an Arab League peace initiative, the group's chief said on Friday, on the eve of a deadline for Damascus to take steps to end months of bloodshed.

Insight: Is Ray Lane HP's agent of change? (Reuters)

Posted: 18 Nov 2011 12:54 PM PST

A logo of HP is seen outside Hewlett-Packard Belgian headquarters in Diegem, near Brussels, January 12, 2010. The management of HP announced 324 jobs cut at its Belgian office because of poor sales resulting from the global financial crisis according to local media. REUTERS/Thierry RogeReuters - When Ray Lane took over as chairman of Hewlett-Packard Co a year ago, he was looking forward to working with longtime associate Leo Apotheker, who had just been appointed CEO to repair the damage done by the messy departure of Mark Hurd.

Obama opens door to new U.S. ties with Myanmar (Reuters)

Posted: 18 Nov 2011 05:28 AM PST

President Barack Obama announces that Secretary of State Hillary Clinton will travel to Myanmar, on the sidelines of the ASEAN Summit in Nusa Dua, Bali, November 18, 2011. REUTERS/Jason ReedReuters - President Barack Obama said on Friday he saw "flickers of progress" in Myanmar, dispatching Secretary of State Hillary Clinton for a historic visit that could draw the country out of half a century of global isolation.

Insight: Even Germany not immune to euro zone crisis (Reuters)

Posted: 18 Nov 2011 07:26 AM PST

Reuters - German bonds have so far been viewed as the last bastion of safety in the euro zone sovereign debt markets but some prices are beginning to suggest their allure will not be eternal.

Italy's Monti wins definitive confidence vote (Reuters)

Posted: 18 Nov 2011 08:19 AM PST

Reuters - Prime Minister Mario Monti won an overwhelming vote of confidence on Friday after warning politicians they would have to face the Italian public if they sabotaged a sweeping package of reforms aimed at ending an acute debt crisis.

Occupy Wall Street at two months: Hundreds arrested across US (The Christian Science Monitor)

Posted: 17 Nov 2011 05:56 PM PST

The Christian Science Monitor - Thousands of Occupy protesters took to the streets of cities across the United States Thursday, and hundreds were arrested after scuffles with police.

Mayor's last-ditch effort to save Detroit would privatize 88,000 streetlights (The Christian Science Monitor)

Posted: 17 Nov 2011 04:40 PM PST

The Christian Science Monitor - Since assuming office as mayor of Detroit two years ago, Dave Bing has challenged the city council and union leadership, saying the city is broke and needs sacrifice on all levels of the private and public sectors to prevent insolvency.
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