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Fortune reporter: ‘Fast and Furious’ the fault of weak laws pushed by gun lobby

The “Fast and Furious” gun-running scandal has blown up in Republicans’ collective faces just one day before a major House vote on holding Attorney General Eric Holder in contempt of Congress for refusing to turn over related documents. Despite the insistence of the National Rifle Association (NRA), the nation’s largest…

JPMorgan losses could hit $9 billion

The losses from JPMorgan’s botched derivatives trade may reach $9 billion, nearly five times the amount announced in May, the New York Times reported Thursday. The Times quoted an unnamed source as saying a report generated in April showed that in a worst-case scenario the losses from the trade could…

Wildfire sparks exodus in Colorado city

Tens of thousands of Americans nervously awaited word Thursday of whether their homes had been destroyed when a wildfire tore into the outskirts of this western US city. Summer wildfires are common in the mountains of arid Colorado but rarely burst into residential areas, as the Waldo Canyon Fire did…

Can women ‘have it all?’ US writer stirs debate

An Ivy League scholar and mother-of-two is touching a raw nerve by questioning whether high-flying career women with families, at least American ones, can truly “have it all.” Writing in The Atlantic magazine, Anne-Marie Slaughter cited her own downshift from powerful State Department official to mere Princeton University professor as…

Americans favor Obama to defend against space aliens: poll

Nearly two in three Americans think President Barack Obama is better suited than Republican rival Mitt Romney to deal with an alien invasion, according to a survey released Wednesday. National Geographic Channel contacted 1,114 adults across the United States last month for its fanciful opinion poll ahead of its new…

Attorney General Holder faces historic contempt vote

US lawmakers and the Obama administration braced for a divisive and unprecedented Thursday vote on whether to hold Attorney General Eric Holder in contempt of Congress after 11th-hour talks failed to reach a deal. Defying calls from Democrats to scrap or postpone the vote to allow another chance for a…

Stockton, Calif. prepares for bankruptcy. Are other U.S. cities at risk?

Stockton, Calif., prepares for bankruptcy. Are other US cities at risk? The flag of Stockton, Calif., flies near city hall on June 26, in Stockton, Calif. (Ben Margot/AP) The city of Stockton, Calif., population 290,000, is paving the way for a court filing that would make it the largest US…

Surging Colorado wildfires forcing tens of thousands to flee

Surging Colorado wildfires forcing tens of thousands to flee Wildfire worries in Colorado surged Wednesday, as fires threatened heavily populated areas of the state in and around Colorado Springs and Boulder – and a dangerous combination of high winds, heat, and drought conditions compounded firefighters’ difficulties. With three major fires…

Cenk explains truth behind ‘fabricated’ Fast and Furious scandal

Cenk Uygur of The Young Turks on Wednesday explained how Katherine Eban of Fortune unveiled the “reals story” behind the Fast and Furious scandal. “It is amazing what we didn’t know,” he said. “It is also amazing what the Obama administration admitted to when it wasn’t true.” The Bureau of…

Chuck Norris attacked over anti-gay Boy Scouts article

A lesbian mother who was ousted as a American boy scout leader because of her sexual orientation has slapped down 1980s action star Chuck Norris after he claimed gay people have no place in the scouting movement. Jennifer Tyrrell, the former leader of her son’s boy scouts troop in Bridgeport,…

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