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Nigerian militants attack Shell oil pipeline

LAGOS — Nigerian militants calling themselves the Joint Revolutionary Council (JRC) said Sunday they had attacked a major Shell oil pipeline in the volatile Niger Delta, in a statement obtained by AFP. The group said the overnight attack “successfully disabled the trunk line belonging to Shell in the swamp of…

Health care will eat up ‘one in five dollars’ of US GDP by 2020, Medicare says

WASHINGTON — Health care legislation may be on the back burner, but a new report released today underscores its spiraling upward trend. In 2009, health care spending consumed a record high 17.3 percent of the nation’s GDP, according to a study published in Health Affairs by the Centers for Medicare…

Terror adviser: All Gitmo detainees who returned to terror released by Bush

In a letter to congressional leaders released Monday, the counterterror chief for President Barack Obama says that a review has found that no detainees released on Obama’s watch have returned to terror — but that in cases where they may have, the Bush Administration was responsible. (Read the letter in…

Colorado officials: Stimulus funds create, save 7,200 jobs

DENVER (AP) — State officials say federal stimulus spending saved or created the equivalent of about 7,200 full-time jobs in Colorado the final three months of last year.…

Obama’s jobs plan: Small businesses get $5,000 tax credit for every new hire

US President Barack Obama unveiled a 33-billion-dollar package of tax cuts Friday to encourage small businesses to hire new workers, as he takes aim at 10 percent unemployment. Obama, who has made job creation the top priority of his administration, spoke as the White House got a rare economic boost…

Economy grows 5.7%, fastest rate in six years

The U.S. economy grew at a faster-than-expected 5.7 percent pace in the fourth quarter, the quickest pace in more than six years, as businesses reduced inventories less aggressively, the Commerce Department said on Friday. The first estimate put fourth-quarter gross domestic product growth at its fastest pace since the third…

India outsourcers hiring staff as US demand grows

India’s top three outsourcing companies are ramping up hiring and increasing pay as global corporations, mainly from the U.S., send more work offshore to cut costs as they emerge from the downturn. Tata Consultancy Services, Infosys, and Wipro expanded their global workforces by an average of 5.1 percent last quarter,…

Brown triumphant as GOP claims Kennedy’s US Senate seat

Republican Scott Brown has pulled off a stunning upset in a special election to fill former Senator Ted Kennedy’s seat in Massachusetts. “Brown led by 52 per cent to 47 percent with all but 3 percent of precincts counted,” the Associated Press noted during Brown’s victory speech. MSNBC reported that…

Survey: Half of Google News readers only look at headlines

Nearly half of the users of Google News skim the headlines at the news aggregator site without clicking through to newspaper websites, according to a survey released on Tuesday. The findings by Outsell Inc. appear likely to provide further ammunition to publishers such as News Corp.’s Rupert Murdoch who have…

Poll: Most Republicans don’t want Palin to run in 2012

A new CBS poll released late Monday asserts that a whopping 71 percent of Americans don’t want former Alaska Gov. and Sen. John McCain (R-AZ) running mate Sarah Palin to run for president in 2012. What’s more, of the 71 percent, 58 percent were self-identified Republicans. Among Democrats, 88 percent…

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