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Tuesday, January 10, 2012 12:49 AM PST

Today's Politics - Bloomberg News Headlines - Yahoo! News: Bombing kills 15 in Pakistan's Khyber region Romney wrestles with GOP attacks on corporate past Egyptian liberal party to boycott upper house vote Police find 15 bodies in western Mexico Islamists signal won't press for Egypt govt change Lawyer accuses army ruler of lying about Mubarak Ghana's Mills confident on vote despite fuel worry Nigeria faces second day of strikes over fuel Tribal clashes in S.Sudan kill at least 24 Iranian, Venezuelan leaders rebuff U.S., joke about bomb USDA to close 249 offices in cost-saving move CORRECTED - CORRECTED-UPDATE 2-U.S. consumer credit surges by mo U.S. authorities probe U.S.-China commission email hack Wolfeboro, NH, braces for possible "White House North" For Huntsman, campaign thawing but time running out Iran starts uranium enrichment, condemns American to death U.S. Air Force taking steps on F-22 oxygen problems Top Obama aide Daley steps down, budget chief takes over UK risks recession and lengthy stagnation - BCC USDA to close 249 offices in cost-saving move Wal-Mart v. Dukes shakes up employment class actions Anti-Romney video's trailer ignites a buzz Harrisburg, Pennsylvania mayor vetoes budget Iranian, Venezuelan leaders rebuff U.S., joke about bomb Consumer credit surges by most since 2001 Embattled Assad to make speech on "internal issue" For Huntsman, campaign thawing but time running out Analysis: Suu Kyi's party seeks makeover to grab Myanmar's youth Walmart's "free" offer could come with a price Boycott threat overshadows last stage of Egypt vote Perry pleads for second look in South Carolina Canada to speed up pace of some spending cuts: report Authorities probe U.S.-China commission email hack U.S. moves toward legal action against Swiss bank: sources Republican foes try to brand Romney as elitist Guinea Bissau president dies in France Canada blasts foreign "radicals" opposing pipeline Top Obama aide Daley steps down, budget chief takes over European Liberals say euro pact must focus on fiscal matters IRS revives offshore tax dodger forgiveness Bombing kills 15 in Pakistan's Khyber region Mon,9 Jan 2012 10:41 PM PST Reuters - PESHAWAR, Pakistan (Reuters) - A bomb exploded near a fuel station in the Jamrud area of Pakistan's northwestern Khyber tribal region Tuesday, killing at least 15 people and wounding 25, regional government officials said. "It was huge blast and caused damage to a number of vehicles at the bus terminal," said Khyber tribesman Khan Zaman from the Jamrud bazaar, around 25 km (15 miles) west of Peshawar. (Reporting by Jibran Ahmad in PESHAWAR; Editing by Chris Allbritton and Paul Tait) Full Story Top Romney wrestles with GOP attacks on corporate past Mon,9 Jan 2012 10:40 PM PST Reuters - MANCHESTER, New Hampshire (Reuters) - Mitt Romney is poised to take a big step toward the Republican U.S. presidential nomination on Tuesday by capturing New Hampshire, hoping to ride out last-minute attacks from his rivals and recover from a self-inflicted wound. The former governor of neighboring Massachusetts carried a sizeable lead in polls into voting day, a sufficient cushion that should force rivals Ron Paul, Jon Huntsman, Newt Gingrich and Rick Santorum into a battle for second place. ... Full Story Top Egyptian liberal party to boycott upper house vote Mon,9 Jan 2012 09:43 PM PST Reuters - CAIRO (Reuters) - A liberal Egyptian party co-founded by telecom tycoon Naguib Sawiris said on Monday it would boycott upper house elections later this month in protest against what it says were violations committed by Islamist parties in earlier voting rounds. A strong showing by the Muslim Brotherhood and the ultra-conservative Salafis pushed liberal groups, including Sawiris's Free Egyptians Party (FEP), into third and fourth place in three rounds of voting for the lower house, with run-offs set to complete voting for the main part of the assembly this week. ... Full Story Top Police find 15 bodies in western Mexico Mon,9 Jan 2012 09:33 PM PST Reuters - MEXICO CITY (Reuters) - Police found 15 bodies piled on top of one another outside a convenience store in western Mexico on Monday, local and federal authorities said. The corpses, at least 13 of which were semi-naked, had been shot in what appeared to be a flare up in an on-going turf war between drug cartels in Michoacan state. The victims, which were discovered along with threatening messages, were left on a highway on the outskirts of Zitacuaro, a city some 160 kilometers (100 miles) west of Mexico City, the state attorney general's office said. ... Full Story Top Islamists signal won't press for Egypt govt change Mon,9 Jan 2012 09:33 PM PST Reuters - CAIRO (Reuters) - The Islamist group set to win Egypt's parliamentary election said the ruling military council must stick to its timetable for ceding power but indicated it would not immediately seek to replace a government appointed by the generals. The Muslim Brotherhood statement appeared to reinforce a view that the group will avoid confrontation with the Supreme Council of the Armed Forces for what remains of a transitional period set to end on June 30, after a new president is elected. ... Full Story Top Lawyer accuses army ruler of lying about Mubarak Mon,9 Jan 2012 09:30 PM PST Reuters - CAIRO (Reuters) - A lawyer for the families of protesters killed in the uprising against Egypt's ousted president accused the military ruler who replaced him of "giving false testimony" to the court that Hosni Mubarak gave no order to fire on protesters. Mubarak, his two sons, the former interior minister and senior police officers face charges ranging from corruption to involvement in the deaths of around 850 protesters during the uprising that unseated him last February. ... Full Story Top Ghana's Mills confident on vote despite fuel worry Mon,9 Jan 2012 09:23 PM PST Reuters - ACCRA (Reuters) - Ghanian President John Atta Mills on Monday said he was confident of winning a second four-year term this year though he conceded it had been a painful decision to cut fuel subsidies, a move that has sparked violent protests in nearby Nigeria. Ghana, the world's second biggest cocoa producer, posted double-digit growth in 2011, thanks in part to the start up of offshore oil production, and the country is one of the more stable in West Africa. ... Full Story Top Nigeria faces second day of strikes over fuel Mon,9 Jan 2012 09:22 PM PST Reuters - ABUJA (Reuters) - Nigerian unions begin a second day of nationwide strikes on Tuesday to protest against the removal of fuel subsidies, as President Goodluck Jonathan and workers remain in deadlock after three people were killed in the first day of demonstrations. Nigeria's fuel regulator announced on January 1 that subsidies on imports of motor fuel would end immediately, more than doubling the price of petrol to about 150 naira a litre and sparking protests across the country. ... Full Story Top Tribal clashes in S.Sudan kill at least 24 Mon,9 Jan 2012 09:21 PM PST Reuters - KHARTOUM (Reuters) - Tribal clashes have killed at least 24 people in a South Sudan state, where 60,000 people have been displaced due to fighting between two rival tribes, officials said on Monday. South Sudan became Africa's newest nation in July after a referendum agreed under a 2005 peace deal with Khartoum ended decades of civil war that had killed two million people. But the government in Juba has been struggling to assert its authority over a country roughly the size of France and end tribal and rebel violence in which thousands died last year. ... Full Story Top Iranian, Venezuelan leaders rebuff U.S., joke about bomb Mon,9 Jan 2012 08:53 PM PST Reuters - CARACAS (Reuters) - Iranian President Mahmoud Ahmadinejad and Venezuela's Hugo Chavez lavished praise on each other on Monday, mocked U.S. disapproval and joked about having an atomic bomb at their disposal. Despite their geographical distance, the fiery anti-U.S. ideologues have forged increasingly close ties between their fellow OPEC nations in recent years, although concrete projects have often lagged behind the rhetoric. "One of the targets that Yankee imperialism has in its sights is Iran, which is why we are showing our solidarity," Chavez said during a joint press conference. ... Full Story Top USDA to close 249 offices in cost-saving move Mon,9 Jan 2012 08:13 PM PST Reuters - HONOLULU (Reuters) - The U.S. Agriculture Department plans to close 249 offices this year -- half of them the local offices that deal with farmers -- in a cost-cutting program, Agriculture Secretary Tom Vilsack announced on Monday. USDA says the package will save $150 million a year and help reduce the yawning federal deficit. Vilsack announced the closures in a speech to the annual meeting of the 6 million-member American Farm Bureau Federation here. ... Full Story Top CORRECTED - CORRECTED-UPDATE 2-U.S. consumer credit surges by mo Mon,9 Jan 2012 08:12 PM PST Reuters - WASHINGTON (Reuters) - U.S. consumer credit surged 10 percent in November, its biggest jump in a decade in a positive signal for the economy as consumers tapped their credit cards and the government doled out more student loans. Outstanding consumer credit increased by $20.37 billion during the month, the Federal Reserve said on Monday. That was the biggest gain since November 2001 and nearly three times the median forecast in a Reuters poll. Revolving credit, which mostly measures credit-card use, rose $5.60 billion, a third straight monthly increase. ... Full Story Top U.S. authorities probe U.S.-China commission email hack Mon,9 Jan 2012 08:11 PM PST Reuters - (Reuters) - U.S. authorities are investigating allegations that an Indian government spy unit hacked into emails of an official U.S. commission that monitors economic and security relations between the United States and China, including cyber-security issues. The request for an investigation came after hackers posted on the Internet what purports to be an Indian military intelligence document on cyber-spying, which discusses plans to target the commission - apparently using technical know-how provided by Western mobile phone manufacturers. ... Full Story Top Wolfeboro, NH, braces for possible "White House North" Mon,9 Jan 2012 07:53 PM PST Reuters - WOLFEBORO, New Hampshire (Reuters) - If Mitt Romney gets his wish, the ranks of presidential retreats that include Crawford, Texas, and Rancho del Cielo near Santa Barbara, California, could soon be joined by Wolfeboro, New Hampshire. Big change could be coming to the rustic but affluent lakeside resort town on Lake Winnipesaukee if front-runner Romney becomes Republican nominee Romney, and ultimately President Romney after the November 2012 election. Residents are already bracing for the good, the bad and the ugly that could accompany a "Northern White House. ... Full Story Top For Huntsman, campaign thawing but time running out Mon,9 Jan 2012 07:16 PM PST Reuters - HENNIKER, New Hampshire (Reuters) - About 90 minutes before Republican presidential candidate Jon Huntsman arrived at Mary's Bakery and Cafe on Monday, the three young volunteers who were his advance team struggled to get a campaign sign into the frozen ground. One suggested they use a blow-torch, another went for hot water. When time ran out, they propped the sign up in a flower pot to greet him. It was a symbolic scene for the struggling campaign of the former governor of Utah and U.S. ambassador to China: a good candidate on paper who has hardly managed to break ground in a crowded field. ... Full Story Top Iran starts uranium enrichment, condemns American to death Mon,9 Jan 2012 04:55 PM PST Reuters - TEHRAN/VIENNA (Reuters) - Iran has begun enriching uranium deep inside a mountain and sentenced an American to death for spying, angering the West and undermining hopes that diplomacy could avert further sanctions or war. The start of enrichment at the Fordow bunker near the Shi'ite Muslim holy city of Qom was confirmed on Monday by an Iranian official in Tehran and by the Vienna-based International Atomic Energy Agency. Iran says its nuclear program is purely non-military but the West believes it is designed to produce nuclear weapons. ... Full Story Top U.S. Air Force taking steps on F-22 oxygen problems Mon,9 Jan 2012 04:40 PM PST Reuters - WASHINGTON (Reuters) - The U.S. Air Force on Monday said it has not found a "smoking gun" to explain oxygen issues that grounded Lockheed Martin Corp's F-22 fighter jet for four months last year but has implemented steps to minimize problems. Air Force Chief of Staff General Norton Schwartz told Reuters that a subpanel was due to brief the Air Force's Science Advisory Board this week about recurring problems with the system that supplies oxygen to pilots who fly the radar-evading warplane, but no single mechanical cause had been found. ... Full Story Top Top Obama aide Daley steps down, budget chief takes over Mon,9 Jan 2012 04:39 PM PST Reuters - WASHINGTON (Reuters) - President Barack Obama announced an election year shake-up at the White House on Monday, choosing budget director Jack Lew to replace chief of staff Bill Daley, who resigned after a troubled one-year tenure. The switch at the top of the White House power chain comes as Obama prepares for a tough re-election battle that will require support from his left-leaning base. Daley, who as chief of staff was Obama's top aide, was unpopular with that base, which saw him as too close to big business and too soft on Republicans. ... Full Story Top UK risks recession and lengthy stagnation - BCC Mon,9 Jan 2012 04:27 PM PST Reuters - LONDON (Reuters) - Britain's economy is at risk of contracting in the first half of this year after stagnating in the final quarter of 2011 due to the euro zone debt crisis, a survey from the British Chambers of Commerce showed on Tuesday. The BCC - which polled nearly 8,000 members - stopped short of forecasting an outright recession, saying only that one quarter of negative growth was likely over the next six months, but warned this hinged on government action to help business. "A new recession is not a foregone conclusion. ... Full Story Top USDA to close 249 offices in cost-saving move Mon,9 Jan 2012 04:22 PM PST Reuters - HONOLULU (Reuters) - The U.S. Agriculture Department plans to close 249 offices this year -- half of them the local "county office" that deals with farmers -- in a cost-cutting program, Agriculture Secretary Tom Vilsack announced on Monday. USDA says the package will save $150 million a year and help reduce the yawning federal deficit. Vilsack announced the closures in a speech to the annual meeting of the 6 million-member American Farm Bureau Federation. ... Full Story Top Wal-Mart v. Dukes shakes up employment class actions Mon,9 Jan 2012 04:19 PM PST Reuters - (Reuters) - The Supreme Court's decision in Wal-Mart v. Dukes, heralded last term as a game-changer in employment class actions, has lived up to the hype. Since the Court issued the Dukes decision in June, it has been cited by lower courts 260 times, according to a report issued on Monday by law firm Seyfarth Shaw. In comparison, the equally influential case, AT&T Mobility v. Concepcion, was cited just 215 times over the same period. "There's B.D., Before Dukes, and A.D., After Dukes," said Gerald Maatman, Jr. ... Full Story Top Anti-Romney video's trailer ignites a buzz Mon,9 Jan 2012 04:17 PM PST Reuters - WASHINGTON (Reuters) - Hollywood movie producers would kill for the kind of buzz that surrounds the barely seen video that could be the next bombshell in the campaign for the Republican presidential nomination. The 27-minute video, produced by a political action committee (PAC) that supports Newt Gingrich, attacks frontrunner Mitt Romney as a greedy destroyer of jobs during his time as the head of Bain Capital, a private equity firm. At least, that's what the video is supposed to show. All that's been released is a three-minute trailer, now appearing on YouTube. ... Full Story Top Harrisburg, Pennsylvania mayor vetoes budget Mon,9 Jan 2012 03:58 PM PST Reuters - HARRISBURG, Pennsylvania (Reuters) - The mayor of Pennsylvania's debt-laden capital of Harrisburg on Monday vetoed the budget passed by the city council in December, calling its provisions "politically motivated." The $54 million budget passed by the city council eliminated 10 vacant positions plus the jobs of the mayor's communications director and ombudsman. It also raised the council's line item while decreasing the mayor's allotted tax dollars. The 2012 budget the city council adopted is $1. ... Full Story Top Iranian, Venezuelan leaders rebuff U.S., joke about bomb Mon,9 Jan 2012 03:56 PM PST Reuters - CARACAS (Reuters) - Iranian President Mahmoud Ahmadinejad and Venezuela's Hugo Chavez lavished each other with praise on Monday, mocked U.S. disapproval and joked about having an atomic bomb at their disposal. "Despite those arrogant people who do not wish us to be together, we will unite forever," the Iranian president told Venezuela's socialist leader Chavez at the start of a visit to four left-leaning Latin American nations. Despite their geographical distance, the fiery anti-U.S. ... Full Story Top Consumer credit surges by most since 2001 Mon,9 Jan 2012 03:34 PM PST Reuters - WASHINGTON (Reuters) - Consumer credit surged 10 percent in November, its biggest jump in a decade in a positive signal for the economy as consumers tapped their credit cards and the government doled out more student loans. Outstanding consumer credit increased to $20.37 billion during the month, the Federal Reserve said on Monday. That was the biggest gain since November 2001 and nearly three times the median forecast in a Reuters poll. Revolving credit, which mostly measures credit-card use, rose $5.60 billion, a third straight monthly increase. ... Full Story Top Embattled Assad to make speech on "internal issue" Mon,9 Jan 2012 03:23 PM PST Reuters - BEIRUT (Reuters) - Syria's President Bashar al-Assad, locked in a violent struggle against a wave of unrest, is to make a speech on Tuesday on "the internal issue and international and regional developments," state media said. The SANA news agency gave no further details. Assad, whose forces are accused of killing thousands of protesters over the last 10 months, is coming under increasing scrutiny from neighboring states. Tayyip Erdogan, prime minister of Turkey, said on Monday his country was threatened by the conflict and should take a leading role in dousing it. ... Full Story Top For Huntsman, campaign thawing but time running out Mon,9 Jan 2012 03:18 PM PST Reuters - HENNIKER, New Hampshire (Reuters) - About 90 minutes before Republican presidential candidate Jon Huntsman arrived at Mary's Bakery and Cafe on Monday, the three young volunteers who were his advance team struggled to get a campaign sign into the frozen ground. One suggested they use a blow-torch, another went for hot water. When time ran out, they propped the sign up in a flower pot to greet him. It was a symbolic scene for the struggling campaign of the former governor of Utah and U.S. ambassador to China: a good candidate on paper who has hardly managed to break ground in a crowded field. ... Full Story Top Analysis: Suu Kyi's party seeks makeover to grab Myanmar's youth Mon,9 Jan 2012 03:18 PM PST Reuters - YANGON (Reuters) - With his walking stick, long white hair and thick spectacles from a bygone age, Win Tin embodies the challenge facing the party that has led the campaign for democracy in Myanmar but now needs new blood to secure its future. The National League for Democracy (NLD) led by Nobel peace laureate Aung San Suu Kyi boycotted what it saw as flawed elections in 2010 that signaled the end of half a century of military rule in the former Burma but it will contest by-elections in April. ... Full Story Top Walmart's "free" offer could come with a price Mon,9 Jan 2012 03:16 PM PST Reuters - (Reuters) - As tax season begins, a decision by Wal-Mart Stores Inc to offer some free and discounted tax preparation in conjunction with its check-cashing services at more than 3,000 U.S. stores is less about giving back and more about bringing in, experts cautioned. "No company does anything altruistically," Morningstar analyst Michael Keara said. Now that the holiday shopping season is over, the retailer is looking for new revenue sources, he said. The company's latest offer allows consumers to have their tax refunds deposited for "free" onto a Walmart cash card. ... Full Story Top Boycott threat overshadows last stage of Egypt vote Mon,9 Jan 2012 03:08 PM PST Reuters - CAIRO (Reuters) - Islamists aim to deepen their control over Egypt's lower house of parliament on Tuesday in a final phase of voting overshadowed by a threat from a liberal party to boycott elections for the upper chamber. Banned under Hosni Mubarak, the Muslim Brotherhood has emerged as a major winner from the uprising that toppled him, exploiting a well-organized support base in the first free legislative vote in decades. Islamists of various stripes are expected to win 60 percent of the 498-seat lower house, with the Brotherhood taking some 41 percent, by its own count. ... Full Story Top Perry pleads for second look in South Carolina Mon,9 Jan 2012 03:02 PM PST Reuters - ANDERSON, South Carolina (Reuters) - After rejection in Iowa and surrender in New Hampshire, Republican Rick Perry has pinned his fading presidential hopes on a long-shot resurrection in deeply conservative South Carolina. But Perry, the Texas governor who jumped to the top of opinion polls when he entered the race in August, trails badly in a state that once seemed tailor-made for his blend of Christian faith and anti-Washington rhetoric. "Give me a second look. ... Full Story Top Canada to speed up pace of some spending cuts: report Mon,9 Jan 2012 02:56 PM PST Reuters - OTTAWA (Reuters) - The government plans to double the pace of spending cuts in some major ministries as part of its plans to eliminate the federal deficit, the Canadian Broadcasting Corp said on Monday. Ottawa has already told government departments and agencies to come up with two scenarios, one that cuts costs by 5 percent and another by 10 percent over four years. Officials said late last year the 10 percent scenario was the most likely. ... Full Story Top Authorities probe U.S.-China commission email hack Mon,9 Jan 2012 02:53 PM PST Reuters - (Reuters) - U.S. authorities are investigating allegations that an Indian government spy unit hacked into emails of an official U.S. commission that monitors economic and security relations between the United States and China, including cyber-security issues. The request for an investigation came after hackers posted on the Internet what purports to be an Indian military intelligence document on cyber-spying, which discusses plans to target the commission - apparently using technical know-how provided by Western mobile phone manufacturers. ... Full Story Top U.S. moves toward legal action against Swiss bank: sources Mon,9 Jan 2012 02:51 PM PST Reuters - (Reuters) - U.S. authorities are moving toward taking legal action against Wegelin & Co, which could lead to an indictment of one of Switzerland's last pure private banks, on charges that it enabled wealthy Americans to evade taxes, according to two persons with knowledge of the case. Negotiations in the case have reached a critical stage, with an indictment possible though the bank is seeking a deferred prosecution agreement, which would be less damaging. The outcome depends on how prosecutors, the U.S. State Department and the U.S. ... Full Story Top Republican foes try to brand Romney as elitist Mon,9 Jan 2012 02:47 PM PST Reuters - WASHINGTON (Reuters) - The labels being attached to Republican U.S. presidential candidate Mitt Romney seem to be straight out of the Democrats' playbook. Elitist. Job killer. Out of touch. Using Romney's own words against him, foes of the Republican front-runner and venture capitalist essentially are casting him as an enemy of the middle class in a time of economic peril. ... Full Story Top Guinea Bissau president dies in France Mon,9 Jan 2012 02:36 PM PST Reuters - BISSAU (Reuters) - Guinea Bissau President Malam Bacai Sanha died on Monday in a Paris hospital, his office said, raising fears of a fresh power struggle in the chaotic West African state. Sanha had been in poor health since coming to power in 2009 and left Guinea Bissau in late November for treatment abroad. The U.S. embassy in Dakar warned its citizens on Monday that there was an "an increased potential for political instability and civil or military unrest" as a result of reports of Sanha's death. ... Full Story Top Canada blasts foreign "radicals" opposing pipeline Mon,9 Jan 2012 02:31 PM PST Reuters - OTTAWA (Reuters) - On the eve of public hearings into a proposed oil pipeline from Alberta's tar sands to the Pacific Coast, the Canadian government lashed out on Monday at what it said were foreign-funded radical groups opposing the project. The comments by Natural Resources Minister Joe Oliver were another sign of the pressures mounting against Enbridge Inc's proposed C$5.5 billion ($5.4 billion) Northern Gateway pipeline. ... Full Story Top Top Obama aide Daley steps down, budget chief takes over Mon,9 Jan 2012 01:47 PM PST Reuters - WASHINGTON (Reuters) - President Barack Obama said on Monday his budget chief Jack Lew would take over as White House chief of staff, replacing former businessman Bill Daley, who is stepping down after a troubled one-year tenure. Though popular with staff, Daley alienated parts of Obama's liberal-leaning base, particularly Democrats in Congress, who bristled at presidential criticism that grouped them together with the Republican opposition. ... Full Story Top European Liberals say euro pact must focus on fiscal matters Mon,9 Jan 2012 01:42 PM PST Reuters - LONDON (Reuters) - The fiscal pact to fix the euro zone debt crisis should focus on steps needed to secure budgetary discipline and should not divide the wider European Union, European Liberal leaders said after meeting in London on Monday. Policymakers from Liberal parties around Europe said Britain should remain at the heart of Europe, after Prime Minister David Cameron last month vetoed a new treaty on euro zone fiscal integration, risking isolating London. ... Full Story Top IRS revives offshore tax dodger forgiveness Mon,9 Jan 2012 01:31 PM PST Reuters - (Reuters) - The Internal Revenue Service said on Monday it is reopening a voluntary disclosure program for taxpayers who have evaded taxes by hiding money offshore in secret bank accounts. Two previous IRS programs, in 2009 and 2011, brought in more than $4.4 billion in taxes from tens of thousands of tax evaders, said the tax collection agency. The revival of the tax dodger forgiveness program comes at a time when the U.S. government, facing enormous budget deficits, is cracking down hard on offshore tax evasion. ... Full Story Top

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