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Obama-appointed CEO: Protesters should ‘root for me’

In an interview that aired Sunday, General Electric Chairman and Obama job czar Jeffrey Immelt told CBS’ Leslie Stahl that the notion that Americans were against big companies was “just wrong.” “I want you to root for me,” Immelt said. “Everybody in Japan roots for Toshiba. Everybody in China roots…

China warns U.S. arms sale to Taiwan to hurt ties

BEIJING (Reuters) - China reiterated Monday that the United States’ arms sales to Taiwan seriously undermines its core interests and would harm ties between Washington and Beijing. China’s Vice Foreign Minister Cui Tiankai made the comments to reporters during a briefing, weeks after the United States said it would sell $5.85 billion in military hardware to the island China calls…

China: U.S. vote on currency bill would result in trade war

BEIJING (Reuters) – China reiterated on Monday that an expected vote this week in the U.S. Senate on a bill intended to pressure Beijing to allow its currency to rise, if made into law, would result in a trade war and hurt U.S.-China ties. China’s Vice Foreign Minister Cui Tiankai made the comments to reporters…

U.S. economists Sargent, Sims win 2011 Nobel

STOCKHOLM (Reuters) – U.S. economists Thomas Sargent and Christopher Sims won the 2011 economics Nobel prize on Monday for work on the relationship between policy measures and how they can affect the economy. The Royal Swedish Academy of Sciences, which made the award, said the 10 million Swedish crown ($1.5 million) prize recognized their “empirical research…

U.S. incomes ‘fell more after than during recession’

US household incomes fell more in the two years following the end of the recession than during the downturn itself, according to a New York Times report published on its website. A study by two former Census Bureau officials said inflation-adjusted income fell 6.7 percent, to $49,909, between June 2009…

U.S. government tracked email of Wikileaks volunteer: report

US authorities have obtained a secret court order to force search giant Google and a small Internet provider to hand over information from email accounts of a volunteer for whistleblower website WikiLeaks, a report said. The Wall Street Journal, citing documents it had reviewed, said the Internet service provider Sonic…

Michele Bachmann: ‘I want to be your sweetheart’

MOULTONBOROUGH, N.H (Reuters) – Republican White House hopeful Michele Bachmann, beset by falling poll numbers, staff departures and reports of fundraising troubles, on Sunday vowed to continue her campaign through the New Hampshire primary, which is likely to be in early January. Stumping in the early primary state for the…

OccupyDC gains support as it heads into second week

WASHINGTON — Hundreds of protesters marched in Washington on Sunday, angered at what they said was the US government’s willingness to bail out rich corporations while neglecting the nation’s hard-pressed citizens. The Occupy DC movement, a fledgling activist group which set up a makeshift headquarters at McPherson Square on K…

Presbyterian Church ordains first gay minister

MILWAUKEE (Reuters) – The Presbyterian Church (USA) ordained its first openly gay minister on Saturday in Madison, Wisconsin, three months after lifting its long-standing ban on homosexual clergy. Scott Anderson, 56, was ordained minister at the Covenant Presbyterian Church in front of a jubilant congregation. “It was a big day…

Gingrich: Congress has the power to call federal judges to account

Former Speaker of the House Newt Gingrich believes that Congress has the power to call federal judges to account and that the Constitutional separation of powers does not guarantee judicial independence. During an appearance Sunday on CBS’s Face the Nation, Gingrich was asked by host Bob Schieffer about his recent…

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