Obama administration admits to understating economic impact of recession
The Obama administration indirectly admitted to softening economic data during the recession that was revealed by the latest U.S. Department of Commerce GDP report in which revisions where made going back as far as 2007.
FULL STORYThe Senate Judiciary Committee has approved the nomination of Solicitor General Elena Kagan to the Supreme Court, which goes before the full Senate for a vote.
FULL STORYIndia has imposed a curfew on Kashmir and squashed nonviolent rallies. Now a cycle of retaliation between rock-throwing boys and gun-wielding security forces has set in.
FULL STORYThe Securities and Exchange Commission has charged Sam and Charles Wyly with stock fraud in an international scheme involving $550 million in profit that spanned more than a decade of illegal trading in the market.
FULL STORYINSIDE BUSINESS
The Obama administration indirectly admitted to softening economic data during the recession that was revealed by the latest U.S. Department of Commerce GDP report in which revisions where made going back as far as 2007.
Thursday morning the price of west texas crude oil rose more than 1.3% to top $78 per barrel despite a spike in U.S. stocks as reported Wednesday morning by the EIA.
Major oil and gas companies ExxonMobile (XOM), Royal Dutch Shell (RDS-B) and BP PLC (BP) weigh in with second quarter earnings results Thursday with XOM the clear leader as both Shell and BP face mounting losses from their troubled Gulf of Mexico oil production units.
ENTERTAINMENT TODAY
Home to many of the early John Wayne Westerns, Republic Studios will be celebrating its 75th anniversary in late September with local festivities planned around the event.
Daytime talk show has political observers split over whether Obama on 'The View' will help or hurt his image.
The Simon Wiesenthal Center in New York, one of the largest international Jewish human rights organizations in the world, slammed director Oliver Stone over anti-Semitic remarks made in a London Sunday Times article in which Stone called the Holocaust over-rated by the media because so many Jews controlled the press.
World News
India's strategy of suppression in Kashmir could backfireRepublican skepticism challenges US-Russia treaty on nuclear weaponsVenezuela cuts ties with Colombia over FARC rebels. Prelude to war?Technology News
WikiLeaks Q&A with Daniel Ellsberg, the man behind the Pentagon PapersJob Hunting? - JobAngels Networking May be an Answer to Your PrayerSmart phone sales lifts Motorola 2nd quarter earningsEnvironmental News
Kalamazoo River flooding threatens oil spill containmentClimate change set to boost Mexican immigration to the US, says studyTropical storm Bonnie may pack an oily punchHealth News
Do Soy Isoflavones Boost Bone Health?Potential Indicators of Type 2 Diabetes Investigated500 take part in march for disability rightsNational News
Ethiopia, Somalia face humanitarian crises, insurgency and instabilityAre American schools returning to segregation?New Jersey men arrested at JFK on way to join Al Shabab in SomaliaSports News
Cheerleading doesn't count as a real sport, judge rulesTour de France: Will Contador pay for his breach of cycling's unwritten rules?President Obama congratulates reigning WNBA champions Phoenix Mercury




