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JERUSALEM (CNN) -- Some 43 years after a Beatles concert was -- according to popular belief -- banned by Israel, Paul McCartney has announced he'll perform there in September. Paul McCartney says he's looking forward to playing a concert in Israel next month. The show, which will be held September 25 in Tel Aviv, had b...
The concert, dubbed "Friendship First," is expected to be one of Israel's biggest shows ever, costing around $10 million to produce with 100 production staff and two plane loads of equipment.
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LONDON, England (CNN) -- A new shoe outfitted with a GPS chip aims to offer peace of mind to Alzheimer's patients and their caregivers. It's common for people with Alzheimer's or other types of dementia to wander from their homes. The embedded GPS tracking system will allow the wearer of the shoe to be located instant...
The shoe aims to address the common problem of Alzheimer's patients wandering from their homes, which can be fatal if not found within 24 hours.
llama31-8b
financial_news
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PARIS, France (CNN) -- Opposition lawmakers Tuesday ridiculed President Nicolas Sarkozy for taking France back into NATO's military command after more than 40 years, but were unable to stop the move when it came to a vote. French troops on patrol with the Afghan army as part of the NATO mission in Afghanistan. The Nat...
This decision, proposed by President Nicolas Sarkozy, reverses the policy of former President Charles de Gaulle, who left the military structure in 1966 amid friction with the US.
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EL CALABOZ, Texas (CNN) -- Eloisa Tamez said she isn't scared anymore, just determined. "I am not backing down," she said. The U.S. government wants to build a border fence like this one. About 100 landowners are fighting it. Tamez owns three acres of land along the Texas-Mexico border where the Department of Homeland...
The Department of Homeland Security has begun taking legal action against landowners who refuse to allow surveyors on their property, but Tamez and others remain determined to resist the fence.
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TOKYO, Japan (CNN) -- Japanese scientists have produced clones of mice that have been dead and frozen for 16 years -- a feat that could lead researchers to one day resurrect long-extinct species, such as the mammoth. Dolly was cloned using cells from live animals. Now scientists believe they can resurrect extinct speci...
Until now, clones had only been created from live animal cells, as was the case with Dolly the Sheep.
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(CNN) -- In April 2007, UEFA's executive committee voted to accept a joint proposal from Poland and Ukraine to host the European football Championships in 2012. Poland faces a struggle to upgrade many of its venues, such as Tenth Anniversary stadium in Warsaw. The decision to award the tournament to Poland -- a former ...
The tournament will be held in 12 venues across both countries, with the opening match scheduled for a new stadium in Warsaw and the final in Kiev's redeveloped Olympic Stadium.
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Barry Eichengreen is George C. Pardee and Helen N. Pardee Professor of Economics and Political Science at the University of California, Berkeley. He is the author of "Golden Fetters: The Gold Standard and the Great Depression, 1919-39" and "Financial Crises and What to Do About Them." Barry Eichengreen says Barack Obam...
Barry Eichengreen, a professor of economics and political science at the University of California, Berkeley, believes that President-elect Barack Obama will have to address the credit crisis, the auto industry, and trade policy after taking office on January 20.
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WASHINGTON (CNN) -- Investigators with bomb-making components in their luggage and on their person were able to pass through security checkpoints at 19 U.S. airports without detection, according to the Government Accountability Office. Passengers pass through security at O'Hare International Airport in Chicago, Illinoi...
The investigators created two types of improvised explosive devices using publicly available information and demonstrated that these devices could cause severe damage to aircraft.
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Washington (CNN) -- President Barack Obama took the push for his stalled $447 billion jobs plan to North Carolina on Monday, telling two audiences that alternative proposals put forward by his Republican critics amount to little more than sops to the rich that will gut critical regulations and fail to restore economic ...
Republican Senator John McCain criticized Obama for using taxpayer-funded travel for what he characterized as political campaigning rather than official presidential business.
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(CNN) -- In style and substance, Barack Obama is looking like he could be a different president than the candidate voters got to know during the campaign. Barack Obama has taken on a more somber tone as he prepares to take office. His message of changing the country has been replaced by one of repairing the country as ...
Facing both an economic recession and international crises, including the situation in Gaza, Obama's team was forced to reconsider some campaign pledges, such as his proposed 10 percent tax credit for homeowners and his earlier stance against running up debt.
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(Mental Floss) -- Everyone goes through a rebellious phase. And, if you're lucky, you'll be able to look back on those years and laugh. If you're less lucky, you spent those years on a reality show, so for the rest of time, millions of strangers can look back on them and laugh instead. In modern times, cats frolic amon...
After her plot to murder her brother Emperor Valentinian III was discovered, she was exiled to a convent, where she desperately sought escape by proposing marriage to Attila the Hun, offering half the Western Roman Empire as dowry.
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(CNN) -- Residents living in single-family homes in some parts of coastal Texas face "certain death" if they do not heed orders to evacuate ahead of Hurricane Ike's arrival, the National Weather Service said Thursday night. Texans sit in bumper-to-bumper traffic Thursday on a highway from Galveston County into Houston....
The National Weather Service warned of "certain death" for residents in single-family homes in parts of coastal Texas if they did not evacuate ahead of Hurricane Ike, with storm surges predicted to reach 15 to 22 feet.
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WASHINGTON (CNN) -- Safety advocates are fighting efforts to allow tractor-trailers to carry heavier loads on highways, saying the trucks are already too dangerous. But at least one group says adding an axle would improve safety margins so such loads can be carried. Mark and Tracy Quinichett, whose daughter was killed ...
The industry group argues that without this change, more trucks would need to be on the road to meet rising cargo demand.
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PARIS, France (CNN) -- Opposition lawmakers Tuesday ridiculed President Nicolas Sarkozy for taking France back into NATO's military command after more than 40 years, but were unable to stop the move when it came to a vote. French troops on patrol with the Afghan army as part of the NATO mission in Afghanistan. The Nat...
Sarkozy, however, believes cooperation in NATO guarantees French independence and gives France a role in decision-making.
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NEW DELHI, India (CNN) -- Tibetan spiritual leader the Dalai Lama will undergo a routine medical examination at a hospital in the Indian capital on Tuesday, his spokesman Tenzin Taklha told CNN Sunday. The Dalai Lama with French first lady Carla Bruni-Sarkozy on a recent visit to France. The check-up in New Delhi is li...
The check-up, which is expected to last several hours, will not require the Dalai Lama to be admitted to the hospital.
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(Wired) -- On its tenth anniversary in 2008, Google promised $10 million to the best five ideas for using technology to improve the world, through Project 10x100 -- a neat play on words (10 to the 100th power expresses the number "googol," which is a one followed by one hundred zeroes). Google's intentions were good, o...
Despite having the resources and having completed most of the difficult work, Google has left finalists and the public in the dark, with the company citing the challenge of selecting appropriate organizations to implement the solutions as the cause of the delay.
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(CNN) -- U.S. Treasury Secretary Henry Paulson said golden parachute payments would be banned and the salary deals of bankers "clawed back" as part of the government's $250 billion bailout of the financial sector. U.S. President George W. Bush announces his government's bank bailout plan. Meanwhile, U.S. President Geor...
Treasury Secretary Henry Paulson said that banks receiving government investment would face restrictions on executive compensation, including bans on golden parachutes and salary "clawbacks." President Bush described this as a short-term measure to ensure the viability of America's banking system, while also announcing...
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(CNN) -- Despite acknowledgment from the White House a day earlier that a peace deal between Israel and the Palestinians is unlikely before a new U.S. president takes office, Secretary of State Condoleezza Rice said Friday she is confident that ongoing efforts would produce success. Israeli Foreign Minister Tzipi Livn...
Rice, on her eighth regional trip since Annapolis, emphasized that the process has laid a strong foundation and moved forward significantly over the past year, while both Israeli and Palestinian leaders have committed to working toward a peace agreement by the end of 2008.
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LONDON, England (CNN) -- The creators are billing it as one of the coolest hostels in the world and it's undoubtedly one of the most novel overnight stays you are ever likely to experience. Welcome to the Jumbo Hostel -- an old Boeing 747 which is being converted into a 25-room hostel at the Stockholm-Arlanda airport. ...
A Swedish entrepreneur is converting a retired Boeing 747 into a 25-room hostel at Stockholm-Arlanda airport, set to open in December 2008.
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Washington (CNN) -- Top administration and congressional officials are expected to continue working this week on a measure to raise the federal debt ceiling by up to $2.5 trillion, embracing a version of a fallback plan designed by Senate Minority Leader Mitch McConnell to avoid a potentially catastrophic default. At t...
The fallback plan would allow Obama to raise the debt ceiling but requires multiple congressional votes.
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London (CNN) -- The once-taboo topic of Greece's exit from the common currency is now being openly discussed. Two years of pushing cash into the country have barely kept it afloat and the collapse of political talks this week injected a new urgency into the situation. The potential for a run on the banks increased with...
If Greece exits, it could revert to the drachma or use a Greece-specific euro temporarily, with the transition potentially announced over a weekend followed by bank closures and capital controls to prevent money from leaving the country.
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ROME. Italy -- Italy and Roma striker Francesco Totti has threatened to quit the Italian Players Association, in a row over the starting date of the next Serie A season. Roma striker Totti has complained that the Italian players are never listened to. The row began last month, when the Italian Football League, which is...
The Italian Football League voted last month to begin the season on August 26, ignoring a request from Italy coach Roberto Donadoni to start matches in mid-August.
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(CNN) -- Same-sex couples in California may be able to obtain marriage licenses on June 17, state officials said Wednesday. Marriage licenses for same-sex couples may be available in June, officials said. The California Supreme Court struck down the state's ban on same-sex marriage as unconstitutional in a May 15 rulin...
Opponents of the ruling immediately began efforts to place a constitutional amendment on the November ballot that would define marriage as only between a man and a woman.
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Tokyo, Japan (CNN) -- Touting himself as America's "first Pacific president," Barack Obama called on his own connections with Asia Saturday as he pledged a renewed engagement with Asia Pacific nations based on "an enduring and revitalized alliance between the United States and Japan." The U.S. president, in his first A...
He expressed support for China's economic rise as beneficial to the global community and called on Myanmar to advance democracy and North Korea to return to Six-Party Talks.
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DUBAI, United Arab Emirates (CNN) -- The United Arab Emirates has refused to grant a visa to a female Israeli tennis player, preventing her from competing in the Sony Ericsson World Tennis Association Tour in Dubai, the WTA said in a statement Sunday. The UAE has refused to grant a visa allowing Shahar Peer to compete ...
The UAE and Israel have no diplomatic ties, and Peer would have been the first Israeli athlete to compete in a professional sporting event in the country.
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ARBIL, Iraq (CNN) -- Two United Arab Emirates based companies announced on Tuesday that they will be investing in the Iraq's autonomous region of Kurdistan. Nechirvan Barzani, Prime Minister of the Kurdish Regional Government, called the project "a significant contribution to the Iraqi economy." Four hundred and sixty ...
The Kurdistan Gas City is projected to generate nearly 200,000 job opportunities for Iraqi citizens and is seen as a significant contribution to the Iraqi economy.
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LONDON, England (CNN) -- English football fans hoping to travel to Moscow for this month's Champions League final between Manchester United and Chelsea face spiraling costs and an anxious wait for visas amid a simmering diplomatic row between the UK and Russia. Chelsea fans hoping to follow their side to Moscow face he...
The Russian Embassy in London has criticized the UK government for tightening visa requirements for British citizens, which could make it difficult for fans to attend the match.
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(CNN) -- At least 14 people were killed and 60 others wounded Thursday when a bomb ripped through a crowd waiting to see Algeria's president in Batna, east of the capital of Algiers, the Algerie Presse Service reported. A wounded person gets first aid shortly after Thursday's attack in Batna, Algeria. The explosion occ...
At least 14 people were killed and 60 others wounded on Thursday when a bomb exploded in a crowd waiting to see Algeria's President Abdel-Aziz Bouteflika in Batna.
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WASHINGTON (CNN) -- If one hardened cockpit door is good, would two barriers be even better? Many airline pilots believe the answer is "yes," and are hoping to reinvigorate efforts to require so-called "secondary barriers" on every commercial plane in the country. Pilots praise the hardened cockpit doors mandated after...
and Canadian governments to mandate these relatively inexpensive gates by January 1, 2010, which would delay potential attackers by at least five seconds.
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WASHINGTON (CNN) -- As he awaits a crucial progress report on Iraq, President Bush will try to put a twist on comparisons of the war to Vietnam by invoking the historical lessons of that conflict to argue against pulling out. President Bush pauses Tuesday during a news conference at the North American Leaders summit i...
He will claim that the US withdrawal from Vietnam emboldened terrorists and led to the suffering of millions of innocent citizens.
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(Mashable) -- In an interview that will air tonight on ABC's "World News with Diane Sawyer," Facebook CEO Mark Zuckerberg talked frankly about an upcoming IPO, the Facebook movie, a shady lawsuit and much more. As far as the movie "The Social Network" is concerned, Zuckerberg seemed to echo Facebook co-founder Dustin M...
He unequivocally denied signing a contract with Paul Ceglia that would give him ownership rights to Facebook, contradicting an ongoing lawsuit.
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(CNN) -- The average American woman can live long enough to celebrate her 80th birthday, so if a woman is able to become pregnant using in vitro fertilization with a donor egg at 56, she could still watch her child grow into an adult. But just because it's possible, does that mean she should? Some feel that having chil...
The average American woman can expect to live into her 80s, making it possible for a woman who becomes pregnant at 56 using in vitro fertilization (IVF) with a donor egg to watch her child grow into adulthood.
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LOS ANGELES, California (CNN) -- Katherine Jackson's legal battle for some control of her son's estate returns to court Monday in front of the same judge who is expected to award her permanent guardianship of Michael Jackson's children. Katherine Jackson has accused the executors of her son's estate of "keeping her in ...
Jackson's lawyers accused the estate's executors, John Branca and John McClain, of "keeping her in the dark" about deals they had made or were negotiating since being given temporary control.
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LONDON, England (CNN) -- Handsome, articulate and lightning fast -- McLaren's Lewis Hamilton can now add two more words to his list of qualities: very rich. Lewis Hamilton will be able to afford a lot more champagne in the future. The Briton is set to become one of the most marketable sport stars in the world -- perhap...
Marketing experts believe Hamilton's youth, charisma, English-speaking background, and status as Formula One's first Black driver make him exceptionally marketable, similar to Tiger Woods in golf.
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(CNN) -- Three-time defending champion Rafael Nadal made light work of his heavy schedule and a recurring foot problem to reach the last 16 of the French Open on Friday. Rafael Nadal inspects his blistered foot during his third-round victory against Jarko Nieminen. The world No. 2 crushed Finnish 26th seed Jarkko Niemi...
Nadal aims to become the second man, after Bjorn Borg, to win four consecutive titles at Roland Garros.
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(CNN) -- BP began deploying pressure sensors on its ruptured undersea well in the Gulf of Mexico on Sunday in an effort to fine-tune estimates of the worst oil spill in U.S. history, government and company officials said. BP used remote-controlled submarines to begin positioning the sensors inside the well, located 5,0...
Researchers have recently estimated that up to 1.7 million gallons of oil may have been leaking from the well daily, and the new sensors will help validate these estimates.
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(CNN) -- Pharmaceuticals giants Merck and Schering-Plough are planning to merge their operations under the name Merck in a deal worth $41.1 billion. Merck chairman and CEO Richard T. Clark will head the combined company. Under the terms of the agreement, Schering-Plough shareholders will receive just over half a Merck ...
The combined company will be led by Merck Chairman, President and CEO Richard T.
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(CNN) -- Gasoline prices set a record for the 16th consecutive day Wednesday. A gallon of gas cost an average of $3.62, according to AAA, and much more in some markets. Shell Oil Co. President John Hofmeister says a boost in U.S. production would startle the world market. All three presidential candidates have weighed ...
Gasoline prices reached a record high for the 16th consecutive day, averaging $3.62 per gallon according to AAA.
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(CNN) -- Ecological and conservation groups are praising a move by the Environmental Protection Agency to impose new restrictions on rat poisons to help reduce the threat of accidental exposure to children and wildlife. The rules say only farmers, livestock owners and certified rodent control employees can buy rat pois...
Although the EPA previously established similar standards in 1998, those regulations were revoked in 2001 after the agency agreed with manufacturers that the measures were ineffective, which prompted environmental groups to file a lawsuit three years later.
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WASHINGTON (CNN) -- A proposed health-care compromise by the powerful chairman of the Senate Finance Committee lacks a government-run insurance option favored by Democrats and would tax the most expensive health insurance plans, a source close to the discussions told CNN Monday. Sen. Max Baucus, D-Montana, is the power...
Senator Max Baucus proposed a health-care compromise that excludes the government-run public option favored by Democrats but would instead allow nonprofit health care cooperatives and tax expensive "Cadillac" insurance plans.
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(CNN) -- Sen. Barack Obama on Monday detailed what his campaign called a four-part "economic rescue plan" for the middle class. "I'm proposing a number of steps that we should take immediately to stabilize our financial system, provide relief to families and communities, and help struggling homeowners," Obama said at a...
Senator Barack Obama unveiled a four-part "economic rescue plan" for the middle class, which includes a temporary tax credit for firms that create new jobs, penalty-free withdrawals from retirement accounts, and a 90-day foreclosure moratorium for homeowners.
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(CNN) -- Formula One outfit Force India will auction a specially customized car next week in order to raise money for charity and the team's driver academy. The "art car" was driven by Italian Giancarlo Fisichella for 16 races during the 2008 season and has been decorated by motorsport artist Dexter Brown. The vehicle ...
Proceeds from the sale, expected to exceed $239,000, will be split between Great Ormond Street Children's Hospital and Force India's talent development program in India.
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New Orleans, Louisiana (CNN) -- BP has put off crucial "integrity tests" on the new stacking cap on its ruptured Gulf oil well so it can review testing procedures, a review expected to take place through the night and into Wednesday. The oil giant had expected the tests -- to check pressure in the well and determine if...
The oil spill, which began in April and killed 11 workers, has become the worst environmental disaster in U.S.
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Washington (CNN) -- The Obama administration raised the stakes in the health care debate Monday, releasing a new blueprint that seeks to bridge the gap between measures passed by the Senate and House of Representatives last year. If enacted, the president's sweeping compromise plan would constitute the biggest expansio...
The Obama administration has released a new health care plan that aims to bridge the gap between the Senate and House of Representatives' bills, which would extend coverage to 31 million Americans and cut the deficit by $100 billion over 10 years.
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WASHINGTON (CNN) -- The Obama administration's efforts to help struggling homeowners will aid "responsible" borrowers, not deadbeats or speculators, Housing Secretary Shaun Donovan said Sunday. The plan is aimed at "folks who are playing by the rules," Housing Secretary Shaun Donovan says. President Barack Obama announ...
Housing Secretary Shaun Donovan emphasized that the program targets "responsible" borrowers who are "playing by the rules," not speculators or scammers, and includes income verification requirements.
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WASHINGTON (CNN) -- The Air Force is returning F-15E Strike Eagle jets to service over Iraq and Afghanistan after grounding other F-15s, the Air Force said Wednesday. The Air Force grounded models of its F-15 fleet after the crash of an older model F-15C this month. The F-15s were grounded after a crash earlier this mo...
Each F-15E must undergo a one-time inspection of critical parts, including hydraulic system lines and metal strips, before returning to flying missions.
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(Mental Floss) -- Starting a legitimate business is hard, boring work. There's paperwork to fill out, employees to hire, and all sorts of other drudgery, not to mention the biggest hurdle of all: providing a product or service for which customers are willing to pay. President Ulysses S. Grant foiled a gold scam. In all...
The article suggests that starting a legitimate business may be hard work, but it is often a safer and more reliable way to achieve financial success.
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(CNN) -- Dr. Julie Gerberding, director of the Centers for Disease Control and Prevention, will leave her post by noon on January 20, the day President-elect Barack Obama is to be sworn in to office. Dr. Julie Gerberding, director of the Centers for Disease Control and Prevention, has resigned effective January 20. In ...
Julie Gerberding, director of the Centers for Disease Control and Prevention (CDC), will resign from her position effective January 20, 2009, the same day President-elect Barack Obama takes office.
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LONDON, England (CNN) -- Forget the Royal Navy and the U.S. Marines -- the 'computer navy' is on its way, and digital media on the high seas are set to make a steaming comeback. New home? Barges like this one could soon play host to Google's massive data centers. It seemed that floating media firms were a thing of the ...
While experts describe the project as an "audacious risk" with significant technical challenges, it could offer benefits including reduced rent and property taxes, lower electricity bills, and an enhanced environmental image for Google.
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MEXICO CITY, Mexico (CNN) -- Mexico has announced plans to raise tariffs on almost 90 U.S. exports, Mexican and U.S. officials confirmed Monday. Mexico's state-run news agency says tariffs are in retaliation for cancellation of a U.S. trucking project. The new trade measures are in retaliation for the cancellation earl...
in violation of NAFTA.
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(CNN) -- California legislators plan to keep trying to find consensus on a controversial proposal that would release at least 27,000 inmates from state prisons. California Gov. Arnold Schwarzenegger, right, and officials tour a prison last week in Chino after a riot there. The California Assembly on Monday delayed a p...
The state Senate has already approved a version of the bill, with Democrats in favor and Republicans opposed, citing public safety concerns.
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(Financial Times) -- Eurozone finance ministers last night postponed agreement on Greece's long-delayed €31.3bn aid payment for yet another week as divisions between the International Monetary Fund and EU creditors over how fast Athens must reduce its burgeoning debt levels burst into the open. Christine Lagarde, the I...
The timeline dispute is crucial because meeting the 2020 target may require loan write-downs that Germany and other creditor countries have refused to accept, whereas the 2022 timeline would likely only involve cutting interest rates on bailout loans.
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WASHINGTON (CNN) -- With outrage mounting over AIG's $165 million in bonuses to executives, the president's chief economic adviser offered a new line of defense for the White House in an exclusive interview with CNN. Larry Summers said an AIG meltdown was too risky for the economy to push too hard on executive bonuses...
The article also mentions that the economy is currently experiencing problems caused by bank failures, bailouts, and credit freezes, but Summers is confident that the crisis will end and the economy will recover.
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LONDON, England (CNN) -- Drugmaking giant GlaxoSmithKline (GSK) has agreed to buy independent U.S. skincare specialist Stiefel Laboratories for up to $3.6 billion. The new business will operate under the Stiefel identity within the GSK Group. In a statement Monday, the two companies said the deal would create a new wor...
The deal includes an initial $2.9 billion payment for Stiefel's shares, assumption of $400 million in debt, and a potential $300 million performance-based payment.
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LONDON, England (CNN) -- Drugmaking giant GlaxoSmithKline (GSK) has agreed to buy independent U.S. skincare specialist Stiefel Laboratories for up to $3.6 billion. The new business will operate under the Stiefel identity within the GSK Group. In a statement Monday, the two companies said the deal would create a new wor...
skincare specialist Stiefel Laboratories for up to $3.6 billion, creating a world-leading dermatology business with combined revenues of $1.5 billion.
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(CNN) -- NASA's plans to fly a fifth and final space shuttle mission to service the Hubble Space Telescope have suffered another set-back. Atlantis was prepared to launch in September before an onboard computer failed, delaying the mission. Hubble managers say ground testing of a critical replacement computer that they...
NASA's fifth and final space shuttle mission to service the Hubble Space Telescope has been delayed again, with a new target launch date of May following an April delivery of a replacement computer.
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WASHINGTON (CNN) -- Brand new runways are opening at three major airports Thursday, giving the aviation community something to cheer about in a year of dismal economic and travel news. Washington Dulles International Airport's new runway opens Thursday ahead of the busy holiday travel season. Washington Dulles Interna...
New runways are opening at Washington Dulles, Chicago's O'Hare, and Seattle-Tacoma airports, aiming to enhance efficiency and reduce delays, especially beneficial during the holiday travel season.
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(CNN) -- President Obama on Monday strongly praised a decision by the nation's pharmaceutical industry to agree to a deal cutting drug costs for elderly Americans, calling it an example of the kind of compromise required for successful national health care reform. President Obama says the pharmaceutical industry announ...
Meanwhile, initial health care reform proposals in Congress have faced challenges, with the Congressional Budget Office determining that Senate Democratic bills would cost over $1 trillion, leading to Republican opposition and delayed hearings.
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MOSCOW, Russia (CNN) -- A cult member who spent several months holed up in a cave with dozens of other people anticipating the end of the world claimed Wednesday that two women died and were buried inside. An above-ground kitchen used by the doomsday cult in the Penza region during the summer. The former cave-dweller, ...
The cult, led by Kuznetsov, entered the cave in November 2007, with Nedogon stating one woman died of cancer and the other from excessive fasting.
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BARCELONA (Reuters) -- "Galactic Suite", the first hotel planned in space, expects to open for business in 2012 and would allow guests to travel around the world in 80 minutes. An artist's impression of the Galactic Suite, where guests would enjoy views of the Earth during their three-day stay . Its Barcelona-based arc...
The hotel's company director, Xavier Claramunt, expects to attract 40,000 people who can afford the luxury stay, which includes eight weeks of training at a space camp.
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Editor's Note: Daniel J. Mitchell is a senior fellow at the Cato Institute, a libertarian public policy research foundation. He formerly worked at The Heritage Foundation and as an economist for Republican Sen. Bob Packwood and the Senate Finance Committee. He also served on the 1988 Bush-Quayle transition team. Daniel...
A bailout would also have negative consequences for the overall economy, misallocating resources and encouraging other industries to seek handouts, leading to stagnation and higher unemployment.
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LOS ANGELES, California (CNN) -- The newly named lawyer for Michael Jackson's children makes her first court appearance Monday as a judge decides if he'll approve a contract between Jackson's estate and concert promoter AEG Live. Michael Jackson's estate will be the subject of a court hearing today. Jackson's mother, K...
The contract would also allow Columbia Pictures to use the video footage for a documentary, "This Is It," which is set to be released in theaters on October 30.
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WASHINGTON (CNN) -- House Speaker Nancy Pelosi said Friday she is "praying" that President Bush has a change of heart and does not veto a bipartisan children's health insurance bill that he has labeled an unwarranted expansion of government-run health insurance. House Speaker Nancy Pelosi applauds after signing the Sta...
House Speaker Nancy Pelosi urged President Bush to reconsider his plan to veto a bipartisan children's health insurance bill that would expand the State Children's Health Insurance Program (SCHIP) by up to 4 million children.
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(CNN) -- Though they support some federal action to help their states recover from the recession, several Republican governors said Sunday they plan to turn down a portion of what's offered in the stimulus bill that President Obama signed last week. Gov. Haley Barbour said the stimulus bill would force Mississippi to r...
In contrast, governors like Arnold Schwarzenegger of California and Jennifer Granholm of Michigan have stated their willingness to accept the funds, emphasizing the immediate need for financial assistance in their states.
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(CNN) -- Fiat Group, fresh from an agreement to buy a piece of troubled automaker Chrysler, has plans to purchase GM Europe and spin off the recombined carmakers into a new company. Fiat's update of the Cinquecento. The company says its small car expertise can help GM Europe get back on track. If successful, the new co...
CEO Sergio Marchionne detailed this plan to the Financial Times, hoping to complete the deal by month's end and list shares for the new combined company (potentially called Fiat/Opel) by the end of August.
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(CNN) -- Hurricane warnings and watches stretched from North Carolina to Delaware and covered parts of Massachusetts on Wednesday as forecasters upgraded Hurricane Earl to a Category 4 storm and warned it will be approaching the East Coast by late Thursday. Hurricane models have Earl passing close to North Carolina's O...
Hurricane Earl has been upgraded to a Category 4 storm and is expected to make landfall on the East Coast by late Thursday, with hurricane warnings and watches issued from North Carolina to Delaware and parts of Massachusetts.
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LONDON, England (CNN) -- Drugmaking giant GlaxoSmithKline (GSK) has agreed to buy independent U.S. skincare specialist Stiefel Laboratories for up to $3.6 billion. The new business will operate under the Stiefel identity within the GSK Group. In a statement Monday, the two companies said the deal would create a new wor...
The deal, which is expected to be completed, will create a new world-leading specialist dermatology business with combined revenues of $1.5 billion.
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Athens, Greece (CNN) -- Greece is set to impose further austerity measures and a number of privatization plans in return for more international aid to avoid defaulting on its debt. The move comes after a 110 billion euro European Union, European Central Bank and International Monetary Fund bailout last year has failed ...
Greece is preparing to implement additional austerity measures and privatization plans to secure more international aid and avoid defaulting on its debt, after a previous 110 billion euro bailout proved insufficient.
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Washington (CNN) -- President Obama proposed nearly doubling the child care tax credit for middle-class families Monday, the latest administration initiative meant to reassure Americans nervous about the slow pace of the economic recovery. The proposal is one of five new recommendations from the president's Middle Clas...
The plan also includes measures to increase funding for child care, limit federal student loan payments, and expand tax credits for retirement savings.
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LOS ANGELES, California (CNN) -- While automakers lay off staff and shut down plants in response to the economic downturn, one automaker announced Thursday that it will open a manufacturing plant in the United States, potentially creating hundreds of jobs in the area eventually chosen. Tesla unveils its Model S sedan,...
The manufacturing plant is expected to be built near the SpaceX facility in Hawthorne, California, and is scheduled to start producing 20,000 Model S vehicles per year in 2011.
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(CNN) -- The National Football League has indefinitely suspended Atlanta Falcons quarterback Michael Vick without pay, officials with the league said Friday. NFL star Michael Vick is set to appear in court Monday. A judge will have the final say on a plea deal. Earlier, Vick admitted to participating in a dogfighting ...
Vick had previously admitted to participating in the ring as part of a plea agreement with federal prosecutors in Virginia, and also admitted to killing dogs that did not fight well.
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(CNN) -- In style and substance, Barack Obama is looking like he could be a different president than the candidate voters got to know during the campaign. Barack Obama has taken on a more somber tone as he prepares to take office. His message of changing the country has been replaced by one of repairing the country as ...
The economic crisis is forcing his team to reconsider some campaign pledges, including his promise not to run up debt, as he acknowledges his stimulus package will "certainly add to the budget deficit in the short term." Obama is preparing Americans for tough times ahead and emphasizing that everyone will need to make ...
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(CNN) -- A 12-year-old boy should get a say in whether he gets circumcised, the Oregon Supreme Court has ruled. The court sent the parental custody dispute back to the trial court "to resolve the factual issue whether M agrees or objects to the circumcision." "M" is the child at the center of a long-running custody dis...
The court noted that forcing the procedure against the boy's will could affect his relationship with his father.
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Washington (CNN) -- The United States will name Iran, as well as its Central Bank, as a "primary money laundering concern" Monday, but will not place sanctions directly on the bank, a senior Treasury Department official said. The United States will also sanction a number of Iranian companies allegedly supporting Iran's...
However, the US will not directly sanction the Central Bank due to concerns that it could negatively impact the global economy and drive up oil prices.
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WASHINGTON (CNN) -- President Obama on Tuesday proposed making "pay-as-you-go" rules for federal spending into law. President Obama proposed Tuesday that the government adopt "pay-as-you-go" rules for federal spending. The so-called PAYGO proposal requires Congress to balance any increased spending by equal savings els...
The proposed law would require the Office of Management and Budget to track the budgetary effects of legislation and ensure that any extra costs are paid for through corresponding savings or revenue increases.
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London, England (CNN) -- British Airways said its operations got off to a good start Saturday despite a second consecutive strike by thousands of its cabin crew members. The airline said it was able to operate flights as normal at two London airports, Gatwick and City, and that the number of crew members reporting for ...
The Unite union, which represents the striking workers, has criticized the airline's decision to withdraw travel perks from staff who participate in the strike, calling it "vindictive" and "anti-union bullying".
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London, England (CNN) -- Apple CEO Steve Jobs this week rebuffed the suggestion that Apple will revolutionize TV in the same way it has reshaped the music industry, mobile phones and tablet computers. But Jobs is bluffing: The time is right for Apple for tackle the TV, and the company's re-entry into that market is a n...
However, the article argues that Jobs' denials are part of a pattern of misdirection to lower market expectations and mislead competitors, as seen with past products like the iPhone and iPad.
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(CNN) -- Canada announced Wednesday that it will dispatch a warship to Somalia's coast to protect U.N. aid ships from pirate attacks. The Canadian frigate HMCS Ville de Quebec will escort ships carrying food aid to Somalia. "Canada is stepping up to the plate by tasking Ville de Quebec with the role of escorting World...
which hopes other governments will take over afterwards.
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(Mashable) -- Hulu's premium service Hulu Plus, which launched as a preview in July and recently opened up to everyone, is now out of testing period and has a new price tag of $7.99 per month. Hulu Plus gives subscribers access to all the episodes in a season of popular shows such as "Glee," "House," "The Office," "Mo...
The service remains available only in the United States, though Hulu has indicated plans for international expansion.
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LONDON, England (CNN) -- The negotiations are over. The treaty has been signed. The skies across the Atlantic are now open for free movement of flights between European and U.S. cities. Now the battle commences between airlines as they prepare for their new-found commercial freedom when the Open Skies agreement comes i...
- The agreement ends the exclusivity previously granted to a few airlines for transatlantic flights out of Heathrow.
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WASHINGTON (CNN) -- In what he called a "defining moment for our nation," Sen. Barack Obama on Tuesday became the first African-American to head the ticket of a major political party. Sen. Barack Obama on Tuesday told supporters he will be the Democratic nominee. Obama's steady stream of superdelegate endorsements, com...
Obama has now turned his focus to the general election, criticizing his Republican opponent John McCain and portraying himself as the candidate of change, while McCain has positioned himself as the candidate of "right change".
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(CNN) -- Premier League big-spenders Manchester City are set to fine record signing Robinho for his training ground walk-out in Tenerife last week. Manchester City have confirmed Robinho will be fined following his Tenerife walk-out last week. The 25-year-old striker made an unscheduled departure, flying home to Brazil...
Manchester City has confirmed that they will fine Robinho for his unscheduled departure from a training session in Tenerife, where he returned to Brazil citing urgent family business without informing the manager, Mark Hughes.
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Barry Eichengreen is George C. Pardee and Helen N. Pardee Professor of Economics and Political Science at the University of California, Berkeley. He is the author of "Golden Fetters: The Gold Standard and the Great Depression, 1919-39" and "Financial Crises and What to Do About Them." Barry Eichengreen says Barack Obam...
Despite the actions of the Fed and the Treasury, banks are still not lending, and Eichengreen argues that the next round of public money should come with voting rights to protect taxpayers' interests.
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LONDON, England (Reuters) -- Harry Potter star Daniel Radcliffe gains access to a reported £20 million ($41.1 million) fortune as he turns 18 on Monday, but he insists the money won't cast a spell on him. Daniel Radcliffe as Harry Potter in "Harry Potter and the Order of the Phoenix" To the disappointment of gossip col...
Radcliffe continues to maintain a grounded attitude despite his fame and fortune, and he is set to appear in upcoming films and has already made his stage debut.
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DUBAI, United Arab Emirates (CNN) -- The United Arab Emirates has refused to grant a visa to a female Israeli tennis player, preventing her from competing in the Sony Ericsson World Tennis Association Tour in Dubai, the WTA said in a statement Sunday. The UAE has refused to grant a visa allowing Shahar Peer to compete ...
The UAE has no diplomatic ties with Israel, though Dubai has previously hosted Israeli officials at international events.
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(CNN) -- Prime Minister Stephen Harper appealed directly to Canadians for support Wednesday, vowing in a nationally televised address on the economy that he will do all he can to halt his opponents from carrying out a no-confidence vote in Parliament -- as planned for Monday -- and forming a coalition government that ...
Harper has vowed to use "every legal means" to prevent the coalition from taking power, while Dion has urged the Governor-General to allow the vote to proceed.
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WASHINGTON (CNN) -- Brand new runways are opening at three major airports Thursday, giving the aviation community something to cheer about in a year of dismal economic and travel news. Washington Dulles International Airport's new runway opens Thursday ahead of the busy holiday travel season. Washington Dulles Interna...
President Bush highlighted the opening of 14 new runways during his administration, but experts emphasize the need for continued infrastructure development to address nationwide congestion.
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(CNN) -- With mostly mild cases of swine flu in the United States, swine flu fears are lessening. But viruses have a way of re-appearing. While nobody has a crystal ball, here are some thoughts about what the 2009 H1N1 virus might do in the months to come. Don't pack your face masks just yet. Public health officials ex...
Public health officials will be monitoring the Southern Hemisphere's upcoming flu season to understand if the virus is changing or becoming more severe.
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LOS ANGELES, California (CNN) -- Michael Jackson's ex-wife and the mother of his two oldest children, Debbie Rowe, has agreed not to challenge the singer's mother for custody of the children, according to a joint statement from lawyers for Rowe and Katherine Jackson. Debbie Rowe will not pursue custody of the children...
Michael Jackson's ex-wife Debbie Rowe has agreed not to challenge Katherine Jackson for custody of the two children she bore with the late singer, according to a joint statement from their lawyers.
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WASHINGTON (CNN) -- President Obama affirmed his support for a woman's "right to choose" on Thursday, the 36th anniversary of the Supreme Court decision that led to the legalization of abortion, as thousands of anti-abortion activists descended on the National Mall to challenge his position. President Obama issued a s...
Meanwhile, thousands of anti-abortion activists gathered on the National Mall to challenge his position, with organizers inviting Obama to speak at their rally.
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PARIS, France (CNN) -- Three French journalists charged in an alleged plot to kidnap African children for adoption in Europe arrived in Paris on Sunday, hours after French President Nicolas Sarkozy held emergency talks in Chad. But 14 other people remained in custody in the African nation, some facing serious charges t...
The children are currently staying in an Abeche orphanage while officials try to determine their origins, though some may never return to their families due to the difficulty of establishing their backgrounds.
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Port-au-Prince, Haiti (CNN) -- France's President Nicolas Sarkozy made a landmark visit to Haiti Wednesday, announcing more than $100 million of additional aid to the former French colony where 212,000 people were killed by an earthquake five weeks ago. Sarkozy is the first French president ever to visit the country wh...
During his visit, he announced over $100 million in additional aid for Haiti, which was devastated by an earthquake that killed 212,000 people.
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MOSCOW, Russia (CNN) -- The Russian parliament approved a constitutional amendment Friday to extend the presidential term from four to six years. Vladimir Putin was barred constitutionally from seeking a third consecutive term as president. There is widespread speculation in Russian media that the change is aimed at pa...
The Russian parliament has approved a constitutional amendment to extend the presidential term from four to six years, with the change aimed at ensuring the stability of future Russian governments, according to the Kremlin.
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(CNN) -- As world leaders meet in Toronto for the G-20 summit, disagreements are brewing over how the global economy's fragile recovery should best be steered. The United States has been urging other countries not to pull back on stimulus plans too quickly. Britain, in contrast, has recently joined other European coun...
The European Union has proposed that substantial budget cuts be implemented by 2011, while the US is cautioning against rolling back government stimulus packages too soon, fearing it could send the world back into recession.
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(CNN) -- Same-sex couples in California may be able to obtain marriage licenses on June 17, state officials said Wednesday. Marriage licenses for same-sex couples may be available in June, officials said. The California Supreme Court struck down the state's ban on same-sex marriage as unconstitutional in a May 15 rulin...
However, opponents are working to place a constitutional amendment on the November ballot that would define marriage as only between a man and a woman.
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WASHINGTON (CNN) -- The House of Representatives passed a $3.55 trillion budget for fiscal year 2010 Thursday night, capping off weeks of acrimonious partisan debate and a long day of voting marked by the defeat of several alternative plans. The U.S. House passed a $3.55 trillion budget for fiscal year 2010 Thursday ni...
The Senate planned to vote on its own $3.53 trillion version, also expected to pass along party lines, though the reconciliation provision will likely be a major point of contention when the chambers meet to create a final budget.
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WASHINGTON (CNN) -- President-elect Barack Obama is likely to name Steven Chu, a physicist who runs the Lawrence Berkeley National Laboratory, as his energy secretary, three Democratic officials close to the transition said. Steven Chu explains his Nobel-winning theory on superfreezing gases in 1997. The three officia...
Obama's energy plan is part of his broader goal to create 2.5 million jobs by 2011, which he announced on Saturday.
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Washington (CNN) -- Health care reform advocates inched closer to victory Wednesday as a high-profile liberal Democrat switched his position and announced his intention to vote for a sweeping $875 billion plan under consideration in the House of Representatives. Rep. Dennis Kucinich, D-Ohio, said he believes "health ca...
The House is expected to vote on the bill this weekend, pending the release of final cost estimates from the Congressional Budget Office, which are needed before a vote can take place.
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Seattle (CNN) -- Washington teachers on strike for seven days reached a tentative agreement Wednesday to end their protests, following the intervention of the governor, a spokesman for the teacher's union said. "There's a tentative agreement, which we will now vote on," Union spokesman Rich Wood told CNN. "All of the b...
The agreement addressed the main disputed issues of class size, teacher pay, and teacher transfers, and teachers could return to classrooms as early as Friday if they approve the deal at a Thursday meeting.
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WASHINGTON (CNN) -- President Obama will address the future of the U.S. military prison at Guantanamo Bay, Cuba, Thursday morning in a speech at the National Archives. The Guantanamo facility houses terror suspects, and lawmakers don't want them in the U.S. In a speech that is being billed as a major address, Obama is ...
President Obama delivered a major speech at the National Archives on Thursday addressing the future of the Guantanamo Bay military prison, along with issues of state secrets, transparency, and national security.
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