HONG KONG: Asian shares rose sharply Wednesday as the US Congress backed a deal to avert a "fiscal cliff" of drastic tax rises and spending cuts in an upbeat start to the year for regional markets.As the House of Representatives approved the bill, which avoids tax hikes for most Americans and delays automatic spending cuts, the dollar strengthened against the yen and oil prices surged.Hong...
Pa. gov. to sue NCAA over Penn State sanctions
Labels: Health HARRISBURG, Pa. Gov. Tom Corbett said Tuesday he plans to sue the NCAA in federal court over stiff sanctions imposed against Penn State University in the wake of the Jerry Sandusky child sexual abuse scandal. The Republican governor scheduled a Wednesday news conference on the Penn State campus in State College to announce the filing in U.S. District Court in Harrisburg. The sanctions, which...
House Approves 'Fiscal Cliff' Deal
Labels: Business The House of Representatives has approved a bipartisan Senate deal to avert the "fiscal cliff" and preserve Bush-era tax cuts for all Americans making less than $400,000 per year.The compromise is now on its way to President Obama for his signature."I will sign a law that raises taxes on the wealthiest two percent of Americans while preventing a middle class tax hike that could...
Dec
31
13 key stories to watch for in 2013
Labels: WorldAmong the few virtual certainties of 2013 is the ongoing anguish of Syria and the decline of its president, Bashar al-Assad.STORY HIGHLIGHTSLook for more unrest amid power transitions in the Middle EastDisputes and economic worries will keep China, Japan, North Korea in the newsEurope's economy will stay on a rough road, but the outlook for it is brighterEvents are likely to draw attention to cyber...
Thousands to march against Hong Kong leader
Labels: Technology HONG KONG: Tens of thousands of protesters are expected to rally in Hong Kong Tuesday, calling for the city's embattled new chief executive to quit and for greater democracy.Organisers are expecting 50,000 people to turn up at the New Year day's march against Leung Chun-ying, while pro-government groups staged a separate and smaller rival rally in support of the Beijing-backed leader.Since...
No Senate vote yet on proposed fiscal cliff deal
Labels: LifestyleSTORY HIGHLIGHTSSenate leaders cut a deal to avoid the fiscal cliffBiden pitches the plan to Democrats late MondayObama says more work will be needed and chides Congress for dragging its feet"Take the 84% of your winnings off the table," anti-tax crusader advises GOPAs the fiscal cliff looms, what's your New Year's message to Washington? Go to CNN iReport to share your video.(CNN) -- Senate leaders...
Fiscal Cliff Deal Vote Likely in Senate
Labels: Business The so-called "fiscal cliff" came tonight -- but now there is a specific deal on the table to try to soften it after the fact, according to congressional sources.Senate Majority Leader Harry Reid, D-Nev., said the deal -- brokered by Vice President Joe Biden and Senate Minority Leader Mitch McConnell -- would get a vote in the Senate sometime after midnight. The House would...
Dec
30
Stories for 2013: Syria to 'post-Gangnam'
Labels: WorldAmong the few virtual certainties of 2013 is the ongoing anguish of Syria and the decline of its president, Bashar al-Assad.STORY HIGHLIGHTSLook for more unrest amid power transitions in the Middle EastDisputes and economic worries will keep China, Japan, North Korea in the newsEurope's economy will stay on a rough road, but the outlook for it is brighterEvents are likely to draw attention to cyber...
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