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Monday, November 21, 2011

Panel set to fail to cut deficit $1.2 trillion (AP)

Panel set to fail to cut deficit $1.2 trillion (AP)

Panel set to fail to cut deficit $1.2 trillion (AP)

Posted: 21 Nov 2011 12:15 PM PST

Supercommittee member Sen. John Kerry, D-Mass. gestures during a TV interview about the deficit reducing panel's unfinished work Monday, Nov. 21, 2011, on Capitol Hill in Washington. (AP Photo/J. Scott Applewhite)AP - The imminent collapse of a special deficit-reduction supercommittee on Monday promises to set off yet another round of the Washington blame game as the panel officially admits failure in its quest to sop up at least $1.2 trillion in government red ink over the coming decade.

Stocks plunge as debt talks near collapse (AP)

Posted: 21 Nov 2011 12:21 PM PST

Traders Richard Cohen, left, and Lewis Vande-Pallen, right, work on the floor of the New York Stock Exchange Monday, Nov. 21, 2011. Stocks are taking a sharp fall in early trading Monday amid reports that a congressional committee will fail to agree on a plan to cut the U.S. government's budget deficit.(AP Photo/Richard Drew)AP - The stock market was not exactly surprised that the so-called supercommittee failed to reach a deal to cut the federal deficit. But since summer, investors have bought at the first sign of hope and sold at the first hint of trouble.

Mother of bomb plot suspect apologizes to NYers (AP)

Posted: 21 Nov 2011 12:37 PM PST

Jose Pimentel is arraigned at Manhattan criminal court, Sunday, Nov. 20, 2011, in New York. Pimentel, an 'al-Qaida sympathizer' accused of plotting to bomb police and post offices in New York City as well as U.S. troops returning home, was charged with criminal possession of explosive devices with the intent to use in a terrorist manner. (AP Photo/Jefferson Siegel, Pool)AP - The mother of a "lone wolf" accused of plotting to attack police stations and post offices with homemade bombs apologized to New Yorkers on Monday, even as questions arose about why federal authorities — who typically handle terrorism cases — declined to get involved in what city officials called a serious threat.

Egypt gov't offers to resign as violence grows (AP)

Posted: 21 Nov 2011 12:40 PM PST

Protesters move away from tear gas fired by Egyptian riot police, not seen, during clashes near Tahrir Square in Cairo, Egypt, Monday, Nov. 21, 2011. Security forces fired tear gas and clashed Monday with several thousand protesters in Cairo's Tahrir Square in the third straight day of violence that has killed at least two dozen people and has turned into the most sustained challenge yet to the rule of Egypt's military. (AP Photo/Tara Todras-Whitehill)AP - Egypt's army-appointed government handed in its resignation Monday, trying to stem a spiraling crisis as thousands of protesters in Cairo's Tahrir Square clashed for the third straight day with security forces in violence that has killed at least 24 people and posed the most sustained challenge yet to the rule of the military.

Campus police chief on leave after pepper spraying (AP)

Posted: 21 Nov 2011 12:49 PM PST

In this Friday, Nov. 18, 2011, photo University of California, Davis Police Lt. John Pike uses pepper spray to move Occupy UC Davis protesters while blocking their exit from the school's quad Friday in Davis, Calif. Two University of California, Davis police officers involved in pepper spraying seated protesters were placed on administrative leave Sunday, Nov. 20, 2011, as the chancellor of the school accelerates the investigation into the incident. (AP Photo/The Enterprise, Wayne Tilcock)AP - The University of California, Davis said Monday that it has placed its police chief on administrative leave amid outrage over widely circulated videos of officers dousing pepper spray on student Occupy protesters.

Gingrich calls for private retirement accounts (AP)

Posted: 21 Nov 2011 11:39 AM PST

Republican presidential candidate Newt Gingrich, former House Speaker, speaks during a visit to the John F. Kennedy School of Government at Harvard University in Cambridge, Mass., Friday, Nov. 18, 2011. (AP Photo/Charles Krupa)AP - Republican presidential contender Newt Gingrich is telling college students that he would let them use their payroll taxes to fund private retirement accounts instead of putting the money into Social Security, if they want to.

AP source: Funding dispute will delay 9/11 museum (AP)

Posted: 21 Nov 2011 12:24 PM PST

Construction continues on the foundation of Tower Three, bottom, at the World Trade Center, Friday, Nov. 18, 2011 in New York. Tower One, rear, is now up to the 88th floor. (AP Photo/Mark Lennihan)AP - The 2012 opening of the Sept. 11 museum at the World Trade Center will be delayed by disputes over redevelopment costs, a person familiar with the construction project said Monday.

Penn St. taps ex-FBI director for investigation (AP)

Posted: 21 Nov 2011 11:27 AM PST

Former FBI director Louis Freeh, speaks after it was announced by Ken Frazier, chairman of the Penn State University special committee, that Freeh will lead an independent investigation into allegations of child abuse by a former Penn State employee Monday, Nov. 21, 2011 in Philadelphia. (AP Photo/Alex Brandon)AP - Former FBI director Louis Freeh, tapped to lead Penn State's investigation into the child sex-abuse allegations against a former assistant football coach, said his inquiry will go as far back as 1975, a much longer period than a grand jury report issued earlier this month.

Endangered baby gorilla born at Chicago Zoo (AP)

Posted: 21 Nov 2011 01:05 PM PST

In this photo taken Nov. 18, 2011, provided by the Lincoln Park Zoo, Western Lowland Gorilla mother Bana hold her new her baby which was born on Nov. 16, 2011. The baby which has yet to be named joins a troop of seven Western Lowland Gorillas at the zoo. The newborn girl is the first of this critically endangered species to be born at the zoo since 2005. (AP Photo/ Lincoln Park Zoo, Todd Rosenberg)AP - An endangered gorilla baby was born at the Lincoln Park Zoo.

Tigers' Justin Verlander wins AL MVP award (AP)

Posted: 21 Nov 2011 11:27 AM PST

FILE - In this oct. 13, 2011 file photo, Detroit Tigers pitcher Justin Verlander reacts after ending the sixth inning during Game 5 of baseball's American League championship series against the Texas Rangers, in Detroit. Verlander won the American League MVP Award in voting announced Monday, Nov. 21, 2011. (AP Photo/Mark Duncan, File)AP - Detroit's Justin Verlander became the first starting pitcher in a quarter-century to win a Most Valuable Player award, adding it to the Cy Young Award he won last week.

Deficit panel failure looms over last gasp talks (Reuters)

Posted: 21 Nov 2011 11:41 AM PST

U.S. Senator John Kerry (D-MA), one the lawmakers on the 12-member Reuters - After months of talks, the high-profile congressional effort to rein in the ballooning U.S. debt is expected to end in failure on Monday with negotiators announcing they could not bridge deep divides over taxes and spending cuts.

Egyptian police battle protesters, 33 dead (Reuters)

Posted: 21 Nov 2011 12:53 PM PST

Police officers stand guard with their weapons during clashes at Tahrir Square in Cairo November 21, 2011. REUTERS/Amr Abdallah DalshReuters - Cairo police fought protesters demanding an end to army rule for a third day on Monday and the death toll rose to at least 33, with many victims shot, in the worst violence since the uprising that toppled President Hosni Mubarak.

Global economic outlook grim, China tells U.S. trade (Reuters)

Posted: 21 Nov 2011 09:48 AM PST

Reuters - Chinese Vice-Premier Wang Qishan warned on Monday the global economy is in a grim state and the visiting U.S. commerce secretary said China would spend $1.7 trillion on strategic sectors as Beijing seeks to bolster waning growth.

Spain new premier refuses to reveal plans (Reuters)

Posted: 21 Nov 2011 10:58 AM PST

Reuters - Prime Minister-elect Mariano Rajoy resisted pressure on Monday to disclose his plans for rescuing Spain from economic disaster, keeping anxious Spaniards and impatient investors on edge following his election triumph.

Accused White House shooter to have mental exam (Reuters)

Posted: 21 Nov 2011 12:31 PM PST

Reuters - An accused White House shooter, who allegedly called President Barack Obama the "devil" and "anti-Christ," was ordered on Monday to undergo a mental exam to determine his competency to face charges of attempting to kill the president.

Chains brace for discount-filled holiday season (Reuters)

Posted: 21 Nov 2011 12:53 PM PST

Reuters - U.S. retailers trying to woo shoppers with early deals and longer hours this week and throughout the holiday season could be putting their profits at risk as shoppers search for bargains and not much else.

October existing home sales rise 1.4 percent (Reuters)

Posted: 21 Nov 2011 12:33 PM PST

Workers construct the roof of a house in Phoenix, Arizona, August 23, 2011. The Commerce Department said new single-family home sales slipped 0.7 percent to a seasonally adjusted 298,000-unit annual rate, the lowest since February. REUTERS/Joshua LottReuters - U.S. existing home sales unexpectedly rose in October as low interest rates for mortgages and rising rents led more homebuyers into the market, the National Association of Realtors said on Monday.

Penn State taps ex-FBI director to probe sex abuse (Reuters)

Posted: 21 Nov 2011 12:21 PM PST

Reuters - Penn State University trustees named former FBI director and federal judge Louis Freeh on Monday to head an independent investigation into the child sex abuse scandal that has rocked the university.

UC Davis pepper spray incident goes viral (The Christian Science Monitor)

Posted: 20 Nov 2011 01:11 PM PST

The Christian Science Monitor - Police use of pepper spray to disperse “occupy” demonstrators at UC Davis has set off a firestorm of protest, the suspension of two officers, and calls for the school’s chancellor to resign.

Ron Paul's strength in Iowa shows it's too soon to write him off (The Christian Science Monitor)

Posted: 20 Nov 2011 10:00 AM PST

The Christian Science Monitor - To most pollsters and pundits, any mention of Ron Paul typically comes with an implied asterisk. Whether they say it outright or not, they don’t think the Texas congressman has a chance of being the GOP presidential nominee. Too far outside mainstream, tea party, or born-again socially conservative Republicanism, they say. More libertarian than anything else.
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