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Wall Street rises after Bernanke’s gloomy outlook

NEW YORK — US stocks closed higher Tuesday after Federal Reserve chief Ben Bernanke gave a gloomy assessment of the economy to Congress and said the Fed would act if the situation gets worse. Trade was volatile as investors appeared to shrug off Bernanke’s downbeat testimony to Senate lawmakers and…

Huckabee: Welfare changes show government wants to own people

Former Arkansas Gov. Mike Huckabee (R) on Tuesday decried changes to the Temporary Assistant for Needy Families (TANF) law, claiming the Obama administration was trying to make Americans more dependent on the government. “It’s basically just a transfer of money from the taxpayer to the government, from the government to…

Limbaugh: Batman villain ‘Bane’ could be conspiracy to defeat Romney

Conservative radio host Rush Limbaugh on Tuesday suggested that Hollywood liberals have been plotting for years to release the third and final Batman movie before the election in 2012 with a villain who’s name sounds like GOP hopeful Mitt Romney’s former company, Bain Capital. “Do you know the name of…

Pro-choice groups file lawsuit over Arizona law defunding Planned Parenthood

The American Civil Liberties Union and Planned Parenthood of Arizona filed a lawsuit against an Arizona law which prohibits Medicaid patients from receiving any covered services at clinics like Planned Parenthood simply because they also provide abortion care. The complaint (PDF) was filed in an Arizona District Court on Monday…

HSBC compliance chief resigns at Senate hearing over ‘horrific’ actions

Executives with Europe’s biggest bank, HSBC, were subjected to a humiliating onslaught from US senators on Tuesday over revelations that staff at its global subsidiaries laundered billions of dollars for drug cartels, terrorists and pariah states. Lawmakers hammered the British-based bank over the scandal, demanding to know how and why…

Pawlenty: Sununu ‘walked back’ charge Obama didn’t know ‘how to be an American’

The co-chair for Mitt Romney’s national campaign on Tuesday said that campaign surrogate John Sununu had “issued a clarification” after saying that President Barack Obama should “learn how to be an American.” “Gov. Sununu made those comments earlier today,” former Minnesota Gov. Tim Pawlenty told MSNBC’s Andrea Mitchell. “He then…

Study: More than half of U.S. adults use cell phone and TV at the same time

In the new “multiscreen” world, more than half of American adults with mobile phones use them while watching television, including to check the veracity of what they see on TV, a survey showed Tuesday. The poll conducted by the Pew Research Center’s Internet & American Life Project found 38 percent…

FDA to rule on second new weight-loss drug in more than a decade

US regulators decide Tuesday on whether to approve the second new anti-obesity drug in 13 years, Qnexa, which studies have shown may help some people lose up to 10 percent of their body weight. The Food and Drug Administration last month approved Belviq by the US company Arena Pharmaceuticals, making…

Arizona Sheriff Joe Arpaio faces civil racial profiling suit

The self-proclaimed “toughest sheriff in America”, Joe Arpaio, will be called to account in a courtroom this week over long-standing accusations that he is waging an unlawful campaign of discrimination and harassment against Latinos. Arpaio, the sheriff of Maricopa County, Arizona, will be questioned before a federal judge in Phoenix…

Boy Scouts’ two-year review finds LGBT ban is ‘absolutely the best policy’

The Boy Scouts of America said on Tuesday that it had conducted a two-year review and would continue its policy of excluding gay men and lesbians. Deron Smith, a spokesperson for the organization, told The Associated Press that a special 11-member committee “came to the conclusion that this policy is…

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