Category: News

Did you ever read something that you found yourself musing over (smilingly), even the next day?

Such has been the case with me since yesterday.  

You know the French are well known for their “strikes” – and when they strike, they strike.  When their government does something they don’t like, they just strike and shut down the transportation, the electricity, you name it —  they virtually cripple a city with their strikes – and they get HEARD!

Well, now with the economic conditions being what they are and people being laid off, or “sacked” from work, they have developed a strategy for dealing with the CEO’s, who only want to give them “crumbs” as severances.

New strategy coming up!

Weekend News Digest

Weekend News Digest is an Open Thread

Now with U.S. News

From Yahoo News Top Stories

1 G-20 pledge sustained action on financial crisis

By JANE WARDELL, AP Business Writer

23 mins ago

HORSHAM, England – Finance officials from rich and developing countries pledged to boost the role of the International Monetary Fund and make a “sustained effort” to restore global growth after a key conference that sought to bridge deep divisions on how to tackle the financial crisis.

The key priority must be restoring frozen bank lending through cash infusions and dealing with the shaky assets souring bank’s balance sheets, the gathered finance ministers and central bankers from the Group of 20 countries said in a statement at the end of talks in southern England.

The statement did not back a U.S. push for concrete, coordinated efforts for governments to spend more money to boost their economies. It acknowledged the importance of the stimulus efforts already in place, and called for stronger financial regulation.

Wednesday Morning Science Supplement

From Yahoo News Science

1 Spacewalking astronauts tidy up, tackle chores

By MARCIA DUNN, AP Aerospace Writer

Tue Mar 10, 5:38 pm ET

CAPE CANAVERAL, Fla. – Two space station astronauts ventured out on a spacewalk Tuesday to do a little maintenance work before visitors arrive.

The spacewalk 220 miles up took place on the eve of space shuttle Discovery’s launch to the orbiting outpost.

American commander Mike Fincke and Yuri Lonchakov, a Russian, wrapped up all the chores left over from a spacewalk just before Christmas. They accomplished everything faster than anticipated, in well under five hours, and accepted congratulations from Moscow flight controllers as they floated back inside.

Weekend News Digest

From Yahoo News Top Stories

1 Recession on track to be longest in postwar period

By DEB RIECHMANN, Associated Press Writer

Sun Mar 8, 10:54 am ET

WASHINGTON – Factory jobs disappeared. Inflation soared. Unemployment climbed to alarming levels. The hungry lined up at soup kitchens.

It wasn’t the Great Depression. It was the 1981-82 recession, widely considered America’s worst since the depression.

That painful time during Ronald Reagan’s presidency is a grim marker of how bad things can get. Yet the current recession could slice deeper into the U.S. economy.

Weekend News Digest

Weekend News Digest is an Open Thread

From Yahoo News Top Stories

1 When economy bottoms out, how will we know?

By ALAN ZIBEL, CHRISTOPHER LEONARD and TIM PARADIS, AP Business Writers

46 mins ago

When will this wretched economy bottom out? The recession is already in its 15th month, making it longer than all but two downturns since World War II. For now, everything seems to be getting worse: The Dow is in free fall, jobs are vanishing every day, and one in eight American homeowners is in foreclosure or behind on payments.

But the economy always recovers. It runs in cycles, and economists are watching an array of statistics, some of them buried deep beneath the headlines, to spot the turning point. The Associated Press examined three markets – housing, jobs and stocks – and asked experts where things stand and how to know when they’ve hit bottom.

None of them expects it to come anytime soon.

Now with World News.

Wednesday Morning Science Supplement

From Yahoo News Science

1 Overexposed: Imaging tests boost U.S. radiation dose

By Julie Steenhuysen, Reuters

Tue Mar 3, 8:58 pm ET

CHICAGO (Reuters) – Americans are exposed to seven times more radiation from diagnostic scans than in 1980, a report found on Tuesday as experts said doctors are overusing the tests for profit and raising health risks for patients.

The findings, issued by National Council on Radiation Protection and Measurement, add to already mounting evidence that doctors are ordering too many diagnostic tests, driving up the cost of healthcare in the United States and potentially harming patients.

While diagnostic scans give doctors valuable information and many times are necessary, doctors fear too much radiation exposure can cause cancer, especially in younger people.

Monday Morning Business Update

And Late Breaking News.

From Yahoo News Business

1 Source: AIG to get up to $30B more in Fed aid

By IEVA M. AUGSTUMS, AP Business Writer

1 hr 11 mins ago

CHARLOTTE, N.C. – Struggling insurer American International Group Inc. will receive up to $30 billion in additional federal assistance in the fourth government rescue of the company, a person familiar with the matter told The Associated Press on Sunday.

The new infusion is intended to prop up AIG – once the world’s largest insurer – as it is expected to announce $60 billion in quarterly losses early Monday, the source said on the condition of anonymity because the discussions are still ongoing.

The company, which is considered too large to fail, previously received about $150 billion in loans from the government, which now has an 80 percent stake in the company.

Weekend News Digest

Weekend News Digest is an Open Thread

From Yahoo News Top Stories

1 States’ budget woes will outlast the recession

By MICHAEL HILL, Associated Press Writer

42 mins ago

Even after $135 billion in federal aid gets spent, many states will be staring down budgetary black holes unless they initiate dramatic spending cuts or tax increases, or both.

In the short-term, the massive stimulus will help balance budgets and keep key services, such as Medicaid, going. But economists agree the money will not quickly eradicate high unemployment, low consumer spending or distress in the housing market – the triple threats behind a nationwide tax-collection shortfall that is expected to drag on even after the economy begins to rebound.

Without higher taxes, bigger cuts to government services – or yet more federal funding – states face budget gaps that could reach $120 billion nationwide in their 2011 budgets, according to an analyst at the Rockefeller Institute, a think tank in Albany, N.Y. James Diffley, managing director of Global Insight’s U.S. Regional Services Group, says it’s unlikely budget gaps will close before 2013.

Now with U.S. News and Politics.

Weekend News Digest

Weekend News Digest is an Open Thread

From Yahoo News Top Stories

1 Leaving Iraq: Shift to south, exit through desert

By CHELSEA J. CARTER, Associated Press Writer

1 hr 19 mins ago

BAGHDAD – The U.S. military map in Iraq in early 2010: Marines are leaving the western desert, Army units are in the former British zone in the south and the overall mission is coalescing around air and logistics hubs in central and northern Iraq.

Meanwhile, commanders will be shifting their attention to helping Iraqi forces take full control of their own security.

The Pentagon has not released the full details of President Barack Obama’s plan to end America’s combat role in Iraq by Aug. 31 of next year, but the broad contours are taking shape.

Now with World and U.S. News.

Wednesday Morning Science Supplement

Wednesday Morning Science Supplement is an Open Thread

From Yahoo News Science

1 NASA rocket failure blow to Earth watching network

By SETH BORENSTEIN, AP Science Writer

Tue Feb 24, 7:23 pm ET

WASHINGTON – A new satellite to track the chief culprit in global warming crashed into the ocean near Antarctica after launch Tuesday, dealing a major setback to NASA’s already weak network for monitoring Earth and its environment from above.

The $280 million mission was designed to answer one of the biggest question marks of global warming: What happens to the greenhouse gas carbon dioxide spewed by the burning of coal, oil and natural gas? How much of it is sucked up and stored by plants, soil and oceans and how much is left to trap heat on Earth, worsening global warming?

“It’s definitely a setback. We were already well behind,” said Neal Lane, science adviser during former President Bill Clinton’s administration. “The program was weak and now it’s really weak.”

Monday Morning Business Update

From Yahoo News Business

1 U.S. seeking up to 40 percent stake in Citigroup: report

Reuters

19 mins ago

HONG KONG (Reuters) – The U.S. government may end up holding as much as 40 percent of Citigroup’s common stock, the Wall Street Journal reported on its website, citing sources familiar with the plans.

But Citigroup executives hope the talks with U.S. federal officials will result in a stake closer to 25 percent, the Journal reported.

The lender is discussing with U.S. officials a scenario in which a substantial portion of the $45 billion in preferred shares held by the U.S. government, amounting to a 7.8 percent stake in Citigroup, would convert into common stock, the newspaper said.

With Bonus Late Breaking News.

Weekend News Digest

Weekend News Digest is an Open Thread

From Yahoo News Top Stories

1 EU leaders back sweeping financial regulations

By PATRICK McGROARTY, Associated Press Writer

1 hr 6 mins ago

BERLIN – European leaders backed sweeping new regulations for financial markets and hedge funds at a summit Sunday in Berlin as politicians and nations scrambled to tame the global economic crisis.

German Chancellor Angela Merkel hosted heads of state and finance ministers from Europe’s largest economies to try to establish a common European position on economic reforms before an April 2 summit of the Group of 20 nations.

“All financial markets, products and participants including hedge funds and other private pools of capital which may pose a systematic risk must be subjected to appropriate oversight or regulation,” Merkel said in a statement released on behalf of the summit members, following the talks.

Everything except Business and Late Breaking News.

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