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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…

Texas pastor stands ground on “cult” comment about Mormons

DALLAS (Reuters) – An unapologetic Pastor Robert Jeffress, who created a stir for calling Mormonism a “cult” at a political gathering, told hundreds of congregants at his Texas megachurch on Sunday that he welcomed the opportunity he’s had to warn people about a “false religion.” “I have not changed my…

Race, religion come to the fore in Republican race

WASHINGTON — Republican hopefuls insist the 2012 White House race will hinge on the economy, but it is the conservative hot-button issues of race and religion that currently dominate the campaign. Frontrunner Mitt Romney’s Mormon faith, which was debated at length when he ran for president in 2008, was decried…

Paul Ryan: Obama ‘sowing class envy and social unrest’

House Budget Committee Chairman Paul Ryan (R-WI) suggested Sunday that the Occupy Wall Street protests were the fault of President Barack Obama for “sowing class envy and social unrest.” Ryan told NBC’s David Gregory that the real source of the sluggish economy and lack of jobs was that businesses “needed…

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