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Watching the debate, U.S. markets show no panic yet
Market experts are closely following the US debt ceiling talks, but they appear more worried about the economic impact of failure to reach an accord rather than a dramatic slide in the stock market. Still, it is the fear of a dramatically lower stock market opening Monday that has helped…
U.S., New Zealand leaders bond on trade, security
The United States and New Zealand hailed new cooperation in a once frosty relationship as President Barack Obama called for work on a trans-Pacific trade deal by November. Obama welcomed New Zealand’s Prime Minister John Key to the White House on Friday, hours after deadly attacks stunned Norway — an…
Oracle to question Larry Page in Google patent lawsuit
Oracle will get to question Google co-founder Larry Page under terms set by a US judge presiding over a patent suit pitting the business software titan against the Internet giant. Oracle can depose Page “for a maximum of two hours, excluding breaks” regarding the value of Android and whether Google…
Verizon iPhone sales fall short of expectations
By Sinead Carew NEW YORK (Reuters) – Verizon Communications may have the iPhone, but the blockbuster smartphone has yet to pay off in its battle against AT&T Inc. In the second quarter, Verizon Wireless, the No. 1 U.S. mobile service, signed up 1.3 million fewer iPhone customers than AT&T, dashing…
MS Windows sales fizzle as tablets dominate market
SEATTLE (Reuters) – Sales of Microsoft Corp’s flagship Windows software disappointed for the third straight quarter, taking the gloss off better-than-expected earnings that were aided by an unusually low tax rate. The results failed to excite a market already wary about growth prospects for the company and PC industry as…
‘Anonymous’ defiant in the face of arrests
SAN FRANCISCO — Notorious hacker group Anonymous on posted a defiant message to police Thursday and boasted of plundering sensitive data from NATO computers. “We are not scared anymore,” read an online message that purported to be a response by Anonymous and splinter group Lulz Security. “Your threats to arrest…
Europe eyes sweeping new powers for rescue fund
BRUSSELS (Reuters) - Euro zone leaders were set to give their financial rescue fund sweeping new powers to prevent contagion and help Greece overcome its debt crisis, according to the draft conclusions of an emergency summit on Thursday. The leaders met in Brussels after the European Central Bank signaled in a policy reversal that it was willing…
Audit: Fed gave $16 trillion in emergency loans
The U.S. Federal Reserve gave out $16.1 trillion in emergency loans to U.S. and foreign financial institutions between Dec. 1, 2007 and July 21, 2010, according to figures produced by the government’s first-ever audit of the central bank. Last year, the gross domestic product of the entire U.S. economy was…
Unemployment numbers rise higher than expected
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits rose more than expected last week, pointing to a labor market that is struggling to regain momentum. Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 418,000, the Labor Department said on Thursday. Economists…
States negotiating immunity for banks over foreclosures
NEW YORK (Reuters) – State attorneys general are negotiating to give major banks wide immunity over irregularities in handling foreclosures, even as evidence has emerged that banks are continuing to file questionable documents. A coalition of all 50 states’ attorneys general has been negotiating settlements with five of the biggest…
Brand new on Raw Story
- Psychologists find being positioned above others buffers against effects of ostracization
- Democrat tears into GOP for politicizing IRS hearing and encouraging ‘pollution of our democracy’
- Female filmmaker says Saudi Arabia becoming more tolerant
- Tens of thousands march against budget cuts in Rome
- Powerball reaches $600 million as lotto fever strikes U.S.
- Republican accidentally debunks GOP narrative at IRS hearing
- Being sociable could save your life in a disaster
- Corporations are manufacturing uncertainty about scientific findings. Now scientists are fighting back.
- South Korea may launch world’s most ambitious cap and trade market
- Maddow: Real Benghazi scandal is how media got played by GOP ‘sources’
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Stop whining about Millennials
By Pando Daily
Six ways the GOP could screw up the Obama administration’s scandals
By Ana Marie Cox, The Guardian
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