Thursday, January 5, 2012

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Thursday, January 5, 2012 3:34 AM PST
Today's Politics - Bloomberg News Headlines - Yahoo! News:
Two car bombs kill 12 in Iraq's capital: police
Wed,4 Jan 2012 11:18 PM PST
Reuters - BAGHDAD (Reuters) - At least 12 people were killed and 32 others wounded when two car bombs exploded in a mainly Shi'ite area in northwestern Baghdad, Iraqi police said Thursday. The blasts occurred in Kadhimiya district and followed two earlier explosions that killed 10 people and wounded 37 others in Sadr City, another mainly Shi'ite area in the capital. (Reporting by Kareem Raheem; Writing by Serena Chaudhry; Editing by Sophie Hares) Full Story
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Listings and liquidity on W.Africa bourse's agenda
Wed,4 Jan 2012 11:07 PM PST
Reuters - ABIDJAN (Reuters) - The West Africa regional bourse is eyeing at least four listings in 2012 and is seeking to improve liquidity by lowering the minimum price for a share, the head of the exchange said. Operations at the bourse, known by its French acronym BRVM, were hobbled during 2011 due to a civil war in Ivory Coast that saw it temporarily shift its HQ to Mali's capital Bamako. The all-share index fell 13 percent to 138.88 points in 2011, with turnover of 80 billion CFA francs, down from 110 billion the previous year. ... Full Story
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E.Africa ministers want to expand troops in Somalia
Wed,4 Jan 2012 11:06 PM PST
Reuters -

photoADDIS ABABA (Reuters) - East African defence ministers want the United Nations to endorse a plan that boosts the size of an African Union force trying to stabilise Somalia by including Kenyan troops, an AU official said on Wednesday. The ministers met in the Ethiopian capital to try to forge a strategy to defeat the al Qaeda-linked al Shabaab group, which has been driven out of the capital Mogadishu and is now facing a new front after Ethiopia joined Kenya last week in unilaterally deploying troops. ...


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Kenya tribal clashes kill 6, including 3 children
Wed,4 Jan 2012 11:05 PM PST
Reuters - ISIOLO, Kenya (Reuters) - Fighting over grazing land between two communities in Kenya killed six people on Wednesday, including three children, and has forced hundreds of families to flee, officials and aid workers said. The clashes that flared up on December 26 have engulfed several villages in Kenya's far north near the border with Ethiopia, prompting authorities to deploy security forces. So far, more than 20 people, including the six on Wednesday, have been killed in the towns of Moyale and Isiolo, and hundreds have been displaced. ... Full Story
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Rebels kill 26 in eastern Congo attacks: army
Wed,4 Jan 2012 11:04 PM PST
Reuters -

photoKINSHASA (Reuters) - At least 26 people have been killed by suspected Rwandan FDLR rebels in eastern Democratic Republic of Congo since the beginning of the year, the army said on Wednesday, the worst attacks reported in the central African country in months. The killings took place in remote villages in the territory of Shabunda in South Kivu province, an area still troubled by armed groups more than eight years after the end of a 1998-2003 war that killed more than five million people. ...


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Sudan to slap fees on oil flows from South Sudan
Wed,4 Jan 2012 11:03 PM PST
Reuters -

photoKHARTOUM (Reuters) - Sudan will impose monthly fees on crude oil flowing from the newly-independent south until the two nations reach an agreement on transport payments, Sudan's President Omar al-Bashir said on Wednesday, in a hardening of Sudan's position. Bashir, addressing a delegation from the Sudanese parliament, said landlocked South Sudan was benefiting for now from an absence of mandatory transport fees but that its stance in talks showed it was not serious about reaching an agreement. ...


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Two blasts hit northeast Nigeria, shootout kills 1
Wed,4 Jan 2012 11:02 PM PST
Reuters -

photoMAIDUGURI, Nigeria (Reuters) - Two bomb blasts shook the northeastern Nigerian city of Maiduguri on Wednesday, and a gun battle in another town killed at least one civilian, police said, the first uptick in violence since President Goodluck Jonathan imposed a state of emergency on Saturday. Heavily armed troops and tanks have been patrolling parts of northeast Nigeria since Jonathan decreed a state of emergency there in an effort to contain a growing Islamist insurgency led by shadowy group Boko Haram. ...


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Lawmakers urge UK to consider trying Somali pirates
Wed,4 Jan 2012 11:01 PM PST
Reuters -

photoLONDON (Reuters) - The British government should consider bringing Somali pirates to Britain for trial, lawmakers said on Thursday, accusing the government of not doing enough to tackle a problem that cost $135 million in ransoms last year alone. Parliament's Foreign Affairs Committee also called on the government -- which recently announced it will permit British merchant ships sailing off Somalia to carry armed guards -- to state clearly when these guards may legally open fire. ...


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Family of U.S. soldier held by Taliban hopeful over Qatar deal
Wed,4 Jan 2012 10:43 PM PST
Reuters -

photoSALMON, Idaho (Reuters) - The family of a U.S. soldier held captive by the Taliban for over two years said on Wednesday they were optimistic about the possibility of talks between the Afghan insurgent group and countries including the United States. They expressed hope that Bowe Bergdahl would be freed "as soon as possible" in a statement issued a day after the Taliban said they had reached a preliminary agreement to set up a political office in the Gulf Arab country of Qatar. ...


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Pakistani Taliban say kill 15 soldiers, vow further "revenge"
Wed,4 Jan 2012 10:23 PM PST
Reuters - PESHAWAR, Pakistan (Reuters) - The Pakistani Taliban have killed 15 kidnapped troops in revenge for military operations against them near the Afghan border, a Taliban spokesman said Thursday, vowing further such attacks. Pakistani forces have targeted militants in the northwestern Khyber tribal region on and off for more than four years. "This is revenge for the killing of our comrades in Khyber by Pakistani forces," Ehsanullah Ehsan, a spokesman for the Tehrik-e-Taliban Pakistan (TTP), told Reuters. "We will soon take revenge for other operations too. ... Full Story
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Conservatives assail Romney tax plan seen as vague
Wed,4 Jan 2012 10:02 PM PST
Reuters -

photoWASHINGTON (Reuters) - Even as Republican Mitt Romney's presidential campaign gains momentum, some conservative groups are voicing frustration with tax proposals they say he has purposely kept vague to try to gain political advantage on an issue that demands bolder action. Heading into the New Hampshire primary next Tuesday after eking out a win in the Iowa caucuses, Romney has provided so few details on his program that non-partisan tax analysts said they were unable to fully evaluate his positions. ...


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Taiwan's Ma sets course for "10 golden years"
Wed,4 Jan 2012 09:17 PM PST
Reuters -

photoTAIPEI (Reuters) - Taiwan's President Ma Ying-jeou was hailed last month by one of the island's richest businessmen as an "experienced, outstanding helmsman" who will steer the economy through the "10-metre, not one-meter, waves." The ringing endorsement by Terry Gou, the founder of the Foxconn electronics conglomerate, highlighted the successful side of Ma's policy of economic rapprochement with rival China, which has produced a landmark trade pact and a marked easing of tensions across the Taiwan strait. ...


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US Congress presses rating agencies on MF Global: report
Wed,4 Jan 2012 09:12 PM PST
Reuters -

photo(Reuters) - Congressional investigators have stepped up their inquiry into the work of credit rating firms that examined MF Global's overly risky bets on European government bonds and whether they overlooked crucial information in their evaluations, the Wall Street Journal reported, citing people familiar with the matter. ...


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Factbox: FBI's background checks on gun buyers jumped in 2011
Wed,4 Jan 2012 09:08 PM PST
Reuters - (Reuters) - The FBI performed nearly 16.5 million pre-purchase background checks on weapons buyers in 2011 as Americans went on an apparent gun-buying spree. The top 10 states, listed below, accounted for more than half of the requests the FBI fielded during the year. An FBI spokesman said Kentucky's numbers were skewed because the state runs a check every month on every gun owners with concealed weapons permit. He said Utah's numbers were also distorted by concealed-carry permit checks as well as a software glitch. ... Full Story
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FBI data shows spike in U.S. firearm purchases in 2011
Wed,4 Jan 2012 09:07 PM PST
Reuters -

photoCHICAGO (Reuters) - The FBI performed a record number of instant background checks on would-be firearm buyers in 2011 as Americans went on an apparent gun-buying spree, according to new government data. The FBI said it fielded nearly 16.5 million queries from firearms sellers last year, checking that customers buying guns did not have criminal records or other red flags that made them ineligible to purchase weapons. That was up 15 percent from 2010, when the FBI performed 14. ...


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Consider trying Somali pirates, MPs urge
Wed,4 Jan 2012 08:17 PM PST
Reuters - LONDON (Reuters) - The British government should consider bringing Somali pirates to Britain for trial, MPs said on Thursday, accusing the government of not doing enough to tackle a problem that cost $135 million (86 million pounds) in ransoms last year alone. Parliament's Foreign Affairs Committee also called on the government -- which recently announced it will permit British merchant ships sailing off Somalia to carry armed guards -- to state clearly when these guards may legally open fire. ... Full Story
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ABA head has little sympathy for jobless lawyers
Wed,4 Jan 2012 08:10 PM PST
Reuters - WASHINGTON (Reuters) - Young lawyers with huge educational debts and no jobs in a depressed legal market should have known what they were getting into, the president of the American Bar Association said on Wednesday. William Robinson, in an interview with Reuters at the ABA's office in Washington, D.C., responded to a deluge of recent criticisms from Congress, the media and law students about the role of the trade group in fostering high expectations about legal jobs. Robinson, a lawyer in Kentucky, said anyone entering law school has already completed an undergraduate degree or more. ... Full Story
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Santorum, Gingrich join Perry's suit over Virginia ballot access
Wed,4 Jan 2012 08:03 PM PST
Reuters - (Reuters) - A federal judge on Wednesday gave three Republican presidential candidates permission to join Texas Governor Rick Perry's lawsuit seeking a spot on Virginia's primary election ballot. Newt Gingrich, Jon Huntsman and Rick Santorum filed a motion to intervene in the complaint that Perry filed after failing to get the 10,000 verifiable signatures from Virginia voters required for inclusion in the March 6 primary. Only Mitt Romney and Ron Paul managed to get on the Virginia ballot. Romney won the Iowa caucuses on Tuesday by a razor-thin margin over Santorum. ... Full Story
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Higher alcohol prices may curb drinking: study
Wed,4 Jan 2012 07:51 PM PST
Reuters - (Reuters) - Does that bottle of beer or wine have the same appeal if it's more expensive? Maybe not, Canadian researchers say. Findings published in the journal Addiction showed that each 10 percent price hike in the minimum price of beer, liquor and alcoholic beverages led people to drink 3.4 percent less alcohol overall, with consumption of specific types of alcohol falling even more. Researchers used data between 1989 and 2010 from the Canadian province of British Columbia, where the government sets minimum prices for alcohol and keeps information on its sales. ... Full Story
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Prison fight in northern Mexico kills 31 inmates
Wed,4 Jan 2012 07:15 PM PST
Reuters -

photoRIO BRAVO, Mexico, Jan 4 (Reuters) - A fight between rival gangs inside a prison in northern Mexico left 31 inmates dead in the latest violence to erupt inside the country's overcrowded jails, local officials said on Wednesday. Clashes between prisoners wielding knives and homemade weapons started around mid-day and were controlled several hours later in Altamira, Tamaulipas, on Mexico's Gulf coast, said state government spokesman Guillermo Martinez. Thirteen other inmates were wounded, the state government said. Powerful drug cartels are fighting for control of smuggling routes along the U.S. ...


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Insight: Rivals set to pounce on Santorum's past
Wed,4 Jan 2012 06:52 PM PST
Reuters -

photoATLANTA (Reuters) - Rick Santorum's last-minute surge in the Iowa caucus brought him neck-and-neck with Mitt Romney in the first contest of the 2012 race to select a Republican presidential candidate. But it came too late to attract the harsh scrutiny usually visited on front-runners. Only in recent days have questions emerged about his stand on abortion, his votes in Congress, and his endorsements of Romney over John McCain in 2008, and Senator Arlen Specter over Pat Toomey in 2004. ...


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Bachmann off, Perry on Republican rollercoaster
Wed,4 Jan 2012 06:07 PM PST
Reuters -

photoDES MOINES, Iowa/MANCHESTER, New Hampshire (Reuters) - Michele Bachmann was out, Rick Perry was back and Rick Santorum was up in the most volatile Republican presidential nominating contest in decades on Wednesday, as conservative Republicans searched for an alternative to frontrunner Mitt Romney. Bachmann, a U.S. congresswoman from Minnesota, stepped down after a dismal sixth place finish in the first Republican nominating contest in Iowa, which was decided by a margin of 8 votes out of the 122,000 cast. ...


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U.S. to delay Lockheed F-35 planes again: sources
Wed,4 Jan 2012 05:53 PM PST
Reuters - WASHINGTON (Reuters) - The Pentagon is gearing up to restructure Lockheed Martin Corp's F-35 Joint Strike Fighter program for a third time in three years, sources said, with production of more than 120 more planes to be postponed to save money and allow more time for development. The latest changes should save the Pentagon about $15 billion from fiscal 2013 through 2017 and will be part of the fiscal 2013 budget plan to be sent to Congress in February, according to three sources familiar with planning for the Pentagon's largest weapons program. ... Full Story
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Obama sidesteps Congress, puts three on labor board
Wed,4 Jan 2012 05:28 PM PST
Reuters - WASHINGTON (Reuters) - President Barack Obama skirted Congress on Wednesday to fill three vacancies on an embattled labor board, drawing sharp criticism from big business and praise from labor unions critical to his re-election effort. Obama used his authority to bring the five-member National Labor Relations Board to full strength for the first time in nearly two years through so-called recess appointments, which temporarily circumvent the requirement for Senate confirmation. ... Full Story
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Syrian activists say troop withdrawal is a sham
Wed,4 Jan 2012 05:08 PM PST
Reuters -

photoBEIRUT (Reuters) - Opposition activists say Syrian authorities are breaking their promises to withdraw troops from the streets of strife-torn towns, contradicting statements by Arab League peace monitors that government forces have pulled back. An Arab League mission arrived in Syria last week to verify whether the government was implementing a peace plan under which it agreed to scale back its military presence and free thousands of prisoners detained since the uprising against President Bashar al-Assad began last March. ...


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Walkout by Indiana Democrats stalls anti-union bill
Wed,4 Jan 2012 04:58 PM PST
Reuters - INDIANAPOLIS (Reuters) - Indiana House Democrats met behind closed doors on Wednesday, delaying the start of the 2012 legislative session and blocking action on controversial anti-union legislation backed by Republicans. House Democratic Leader Pat Bauer defended the walkout, saying his members had been forced to boycott the first day of the new session to thwart a Republican effort to quickly ram the so-called right-to-work measure through the house. Only additional hearings on the bill, including public meetings around the state, would break the impasse, Bauer said. ... Full Story
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Stymied by Congress, Obama to boldly seat nominees
Wed,4 Jan 2012 04:48 PM PST
Reuters -

photoWASHINGTON/CLEVELAND (Reuters) - A defiant President Barack Obama on Wednesday took his boldest action yet to show voters he will confront Republicans, announcing he will bypass Congress and install nominees into politically sensitive jobs overseeing consumer lending and the labor force. Obama will make recess appointments placing Richard Cordray in charge of the new Consumer Financial Protection Bureau and to fill three vacancies on the National Labor Relations Board. The nominees were all facing drawn-out Republican opposition. ...


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Police nab Mexican drug boat north of LA, arrest 10
Wed,4 Jan 2012 04:47 PM PST
Reuters -

photo(Reuters) - Police seized a Mexican motorboat loaded with more than a ton of marijuana north of Los Angeles early on Wednesday and arrested 10 people, the latest in a growing number of seizures as smugglers seek to ferry drugs north to market by sea, authorities said. U.S. Border Patrol agents found the 27-foot (8-metre) vessel packed with numerous bales of marijuana on the coast of Ventura County shortly before dawn, the U.S. Immigration and Customs Enforcement agency said in a news release. ...


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Possible data breach by Wells Fargo investigated
Wed,4 Jan 2012 04:43 PM PST
Reuters -

photo(Reuters) - Connecticut's attorney general is investigating a possible data breach in which Wells Fargo & Co may have disclosed customer Social Security numbers as part of a fraud investigation. The possible breach is the latest wrinkle in a probe into whether state employees falsified financial information on applications submitted for food benefits issued in the aftermath of Hurricane Irene, which struck the U.S. East Coast last fall. ...


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ABA head has little sympathy for jobless lawyers
Wed,4 Jan 2012 04:25 PM PST
Reuters - WASHINGTON (Reuters) - Young lawyers with huge educational debts and no jobs in a depressed U.S. legal market should have known what they were getting into, the president of the American Bar Association said on Wednesday. William Robinson, in an interview with Reuters at the ABA's office in Washington, D.C., responded to a deluge of recent criticisms from Congress, the media and law students about the role of the trade group in fostering high expectations about legal jobs. Robinson, a lawyer in Kentucky, said anyone entering law school has already completed an undergraduate degree or more. ... Full Story
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Police kill Texas student, 15, armed with pellet gun
Wed,4 Jan 2012 04:14 PM PST
Reuters - McALLEN, Texas (Reuters) - Police fatally shot a 15-year-old student armed with a pellet gun at a middle school in Brownsville, Texas, on Wednesday after he pointed it at officers, police said. Brownsville police received a call of a student with a handgun at Cummings Middle School about 8 a.m. local time Wednesday, department spokesman J.J. Trevino said. The boy, eighth-grader Jaime Gonzalez, aimed at officers after they confronted him in a hallway, police said. Police ordered Gonzalez to drop the gun, but instead he pointed it at the officers, who shot the boy twice, police said. ... Full Story
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Boeing to close Wichita plant, cites defense cuts
Wed,4 Jan 2012 04:10 PM PST
Reuters - (Reuters) - Boeing Co said it would close a plant in Wichita by the end of 2013 that employs more than 2,160 workers maintaining and converting planes for the military, part of a move to cut costs as the U. S. defense budget tightens. The decision announced on Wednesday drew a bitter reaction from Kansas politicians, who felt Boeing had betrayed commitments to the state and their efforts to help the company win a big refueling aircraft contract from the U.S. Air Force. The Wichita plant is the base for the company's Global Transport & Executive Systems business, which supports the U.S. ... Full Story
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Odd allies: Gingrich, Obama align in attacks on Romney
Wed,4 Jan 2012 04:08 PM PST
Reuters -

photoDES MOINES, Iowa/CONCORD, New Hampshire (Reuters) - Republican presidential candidate Newt Gingrich, angry over his poor performance in the Iowa caucuses, may have a new and unlikely partner in his quest to tarnish rival Mitt Romney: President Barack Obama. Though they both wish to win the 2012 election, Obama and Gingrich share an agenda in bringing down Romney, who won the first Republican nominating contest in Iowa on Tuesday. ...


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Bachmann off, Perry on the Republican rollercoaster
Wed,4 Jan 2012 03:56 PM PST
Reuters -

photoDES MOINES, Iowa/PITTSFIELD, New Hampshire (Reuters) - The rough-and-tumble Republican race for the White House became even more entangled on Wednesday when Tea Party favorite Michele Bachmann quit and Rick Perry decided to stay in after all. Bachmann stepped down after a dismal sixth place finish in the Iowa caucuses, which were decided by a difference of only 8 votes out of the 122,000 that were cast. Former Massachusetts Governor Mitt Romney won Iowa by the tightest of margins over social conservative Rick Santorum, a former U.S. ...


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Obama plans to cut tens of thousands of ground troops
Wed,4 Jan 2012 03:55 PM PST
Reuters -

photoWASHINGTON (Reuters) - The Obama administration will unveil a "more realistic" vision for the military on Thursday, with plans to cut tens of thousands of ground troops and invest more in air and sea power at a time of fiscal restraint, officials familiar with the plans said on Wednesday. The strategic review of U.S. security interests will also emphasize an American presence in Asia, with less attention overall to Europe, Africa and Latin America alongside slower growth in the Pentagon's budget, the officials said. ...


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Obama makes recess appointments to labor board
Wed,4 Jan 2012 03:52 PM PST
Reuters - WASHINGTON (Reuters) - President Barack Obama used recess appointments on Wednesday to fill three vacant seats on the National Labor Relations Board, drawing sharp criticism from the chief business lobbying group and praise from labor unions critical to his re-election effort. Obama used his presidential power to install Democrats Sharon Block and Richard Griffin and Republican Terence Flynn to the NLRB. The move sidesteps congressional Republicans who had obstructed the nominations and left the board without enough members to fully conduct its business in 2012. ... Full Story
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German man charged with arson over Los Angeles fires
Wed,4 Jan 2012 03:49 PM PST
Reuters -

photoLOS ANGELES (Reuters) - A German man accused of setting dozens of fires across Los Angeles that unnerved residents over the New Year's holiday weekend was charged with 37 counts of arson on Wednesday, prosecutors said. Harry Burkhart, 24, who is also wanted in Germany on suspicion burning down his home, was charged with 28 counts of arson of property and nine counts of arson of an inhabited structure, Los Angeles County District Attorney Steve Cooley said in a statement. "The complaint also alleges that the arson was caused by use of a device designed to accelerate the fire," Cooley said. ...


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Insight: Rivals set to pounce on Santorum's past
Wed,4 Jan 2012 03:39 PM PST
Reuters -

photoATLANTA (Reuters) - Rick Santorum's last-minute surge in the Iowa caucus brought him neck-and-neck with Mitt Romney in the first contest of the 2012 race to select a Republican presidential candidate. But it came too late to attract the harsh scrutiny usually visited on front-runners. Only in recent days have questions emerged about his stand on abortion, his votes in Congress, and his endorsements of Romney over John McCain in 2008, and Senator Arlen Specter over Pat Toomey in 2004. ...


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Detroit police stations to severely cut public hours
Wed,4 Jan 2012 03:08 PM PST
Reuters - DETROIT (Reuters) - Detroit, which has one of the highest crime rates of large American cities, plans to close its police stations to the public for 16 hours a day -- including the critical overnight hours -- as the cash-strapped city struggles to slash costs. Public-facing desks at the eight stations that represent the eight precincts or districts of the Detroit Police Department will be closed at 4 p.m. every day and reopen the next morning at 8 a.m. starting on Monday. ... Full Story
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Pennsylvania orders $160 million spending freeze
Wed,4 Jan 2012 02:59 PM PST
Reuters - HARRISBURG, Pennsylvania (Reuters) - With revenue nearly a half billion dollars below expectations, Pennsylvania Governor Tom Corbett today ordered a $160 million spending freeze. The freeze affects all state government agencies and commissions under Corbett's jurisdiction, but not equally. The funding freeze is not unexpected. Last month during his mid-year update, Pennsylvania Budget Secretary Charles Zogby said such an action would be happening now. At the time, he also said he was cautiously optimistic the commonwealth would end its fiscal year with a $500 million deficit. ... Full Story
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