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Colorado’s House Republicans ask for flood relief after voting against Sandy aid

Four Colorado Republicans who voted against a $50 billion federal relief bill to assist victims of Hurricane Sandy have asked the president for emergency aid to help clean up their state after devastating floods. President Barack Obama signed an emergency declaration Sunday to help Colorado recover from the floods that…

Grand Theft Auto 5 makes more than $800 million on first day of release

Grand Theft Auto 5 has smashed its way into the record books by grabbing the largest ever first day takings for a video game, underlining the appeal of the medium as Sony and Microsoft prepare to launch a new generation of consoles. The latest instalment of the British-produced franchise took…

Republican ‘kamikaze’ tactics risk ‘serious harm’ to U.S. economy

The risk of an accidental financial meltdown has been increased sharply by the latest “kamikaze” tactics of Republican budget negotiations, according to warnings given to Congress by leading economists. The House of Representatives is expected to pass a resolution on Friday that will allow government spending to continue beyond September…

JPMorgan to pay $920 million fine for trading violations

Banking giant JPMorgan Chase agreed Thursday to pay $920 million in fines to US and British regulators over actions involved in last year’s “London whale” trading debacle. “JPMorgan failed to keep watch over its traders as they overvalued a very complex portfolio to hide massive losses,” the US Securities and…

France’s interior minister says Syria militants pose national security threat

France’s interior minister revealed Thursday that hundreds of homegrown Islamist militants were signing up to fight in Syria and warned they could pose a security threat when they come back. More than 300 French nationals or residents are either currently fighting in Syria’s civil war, planning to go and fight…

58 missing in Mexico after Hurricane Manuel makes landfall

The threat of a new landslide in a Mexican village delayed a mission Thursday to seek 58 missing people while a hurricane hit the northwest coast of the storm-battered country. As authorities hoped to send rescuers to the southwestern hamlet, the same storm that pummeled the Pacific coast hit the…

Halliburton pleads guilty to destroying evidence in Gulf spill

Halliburton pleaded guilty Thursday to destroying evidence relating to the 2010 Deepwater Horizon oil rig disaster in the Gulf of Mexico, the Justice Department said. Halliburton was sentenced to the maximum fine allowed, the department said in a statement. The court statement did not disclose the amount, but Halliburton put…

Arkansas mayor accidentally fires rifle seized by police, shattering city hall window

An Arkansas mayor admitted this week that he had accidentally fired a rifle inside city hall, shattering a window. Flippin James “J.J.” Hudson told the Baxter Bulletin that nine days after he fired the rifle that had been seized by police, the incident had been “all been taken care of;…

Top economist: U.S. economy can’t digest force-fed austerity

The U.S. economy cannot digest the austerity measures forced upon it by Congress, warned a top economist at Moody’s Analytics. Chief Economist Mark Zandi told the House Joint Economic Committee on Thursday that he believed the spending cuts and tax increases under discussion in the near term were overdone. “If…

Fun Is A Fundamental Human Right

Thanks to Erik at LGM for pointing out this excellent NY Times op-ed by Manu Joseph criticizing the strained rhetoric that’s often employed to justify attempts to get electricity, cell phones, and internet access to poor people in developing countries. As Joseph notes, there’s a tendency to shy away from…

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