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Gov't launches plan to help "underwater" borrowers (AP)

AP - The Obama administration is trying to jump-start its sputtering attempts to tackle the foreclosure crisis with an effort to assist homeowners who owe more on their properties than their homes are worth.

Gov't launches plan to help "underwater" borrowers (AP)

AP - The Obama administration is trying to jump-start its sputtering attempts to tackle the foreclosure crisis with an effort to assist homeowners who owe more on their properties than their homes are worth.

No recession here: Election spending sets records (AP)

FILE - In this Sept. 1, 2010, file photo, California Republican gubernatorial candidate Meg Whitman speaks in Folsom, Calif.  This year's volatile election is bursting at the seams with money, setting fundraising and spending records in a high-stakes struggle for control of Congress amid looser but still fuzzy campaign finance rules.(AP Photo/Rich Pedroncelli, File)AP - Turns out politics, for all its focus on the gloomy economy, is a recession-proof industry.


Coke Enterprises raises earnings forecast (Reuters)

Reuters - Coca-Cola Enterprises Inc raised its full-year earnings forecast on Tuesday, helped by improving sales trends in North America.

Colorado wildfire destroys dozens of homes (AP)

Kurt Rieder, in white hat, with his 9 year old daughter Lily watch the smoke plume from a wildland fire burning in the Four Mile Canyon area just west of Boulder Colo. on Monday, Sept. 6, 2010. High winds pushed the smoke and ash eastward over the Colorado plains. (AP Photo/Peter M. Fredin)AP - A wind-whipped wildfire sent flames roaring through a rugged canyon in the Colorado foothills, forcing about 3,000 people to flee the area and destroying dozens of homes — some that belonged to the firefighters themselves, authorities said Tuesday.


Flight attendant in passenger tiff to be evaluated (AP)

FILE - In this Aug. 10, 2010 file photo, JetBlue flight attendant Steven Slater leaves a correctional facility in the Bronx after posting bail in New York.  JetBlue Airways says that there will be no second exits for Slater, who captured the nation's imagination with his profanity-laced loudspeaker tirade and jump down a plane's emergency chute, beer in hand. Spokeswoman Jenny Dervin said Saturday, Sept. 4, 2010 that Slater is no longer employed by the airline.   (AP Photo/Louis Lanzano, File)AP - A former JetBlue flight attendant accused of cursing out a passenger and sliding down an emergency exit chute will be mentally evaluated for a possible plea deal.


HSBC Chairman Green to step down (Reuters)

Group chairman of HSBC Holdings Stephen Green speaks at the Institute of Directors (IOD) annual convention at the Albert Hall in London in this April 28, 2010 file photo. REUTERS/Luke MacGregorReuters - Change swept through the top of Britain's banks on Tuesday as Barclays said its investment banking supremo Bob Diamond will take over as chief executive and HSBC said its chairman is leaving to go into government.


UNITED STATES CAPTAIN COREY PAVIN NAMES TIGER WOODS, ZACH JOHNSO

UNITED STATES CAPTAIN COREY PAVIN NAMES TIGER WOODS, ZACH JOHNSON, STEWART CINK AND RICKIE FOWLER AS RYDER CUP GOLF WILDCARD PICKS

Democrats Face GOP Election Day Tsunami in House, Senate (Time.com)

Time.com - There are still 60 days to go before Election Day but the smart money -- lots of it -- is on the GOP winning very, very big

Kansas man charged with murdering burned teen (AP)

AP - A 36-year-old Kansas man has been charged with capital murder and criminal sodomy in the death of a 14-year-old girl whose burned body was found behind an asphalt plant where he worked.

Google to start TV service in U.S. this autumn (Reuters)

Reuters - Google Inc will launch its service to bring the Web to TV screens in the United States this autumn and worldwide next year, its chief executive said, as it extends its reach from the desktop to the living room.

China seeks to avoid shouting matches with U.S. (Reuters)

A pedestrian walks past a sculpture of horses in front of the Zhujiang Dijing (Regal Court) residential and commercial complex in Beijing, September 7, 2010. REUTERS/Jason LeeReuters - China wants to quell tensions with the United States through quiet talk, not shouting matches, a top diplomat told White House advisers on Tuesday, aiming to pave the way for a visit by President Hu Jintao early next year.


S&P 500 falls 1 percent on euro bank worries (Reuters)

Traders work on the floor of the New York Stock Exchange, August 30, 2010. REUTERS/Brendan McDermidReuters - Wall Street dropped on Tuesday, with the S&P 500 briefly falling 1 percent, after reports on the European banking system reignited concerns about the financial stability of the region.


Protest over fatal shooting by LAPD turns violent (AP)

AP - A protest over the fatal police shooting of a Guatemalan immigrant turned violent when some demonstrators threw bottles at officers, set trash cans on fire and refused to disperse.

Chevron acquires oil exploration rights in China (AP)

AP - Chevron Corp.'s Chinese subsidiary has acquired rights to explore for oil on 8,100 square miles in the South China Sea's Pearl River mouth basin, the oil company said Tuesday.

Ohio auto parts plant blast hurts 9 near Toledo (AP)

AP - An explosion at an auto parts plant in northern Ohio has injured nine people.

Official: Obama to back more business tax breaks (AP)

U.S. President Barack Obama attends the Milwaukee Laborfest event in Wisconsin to celebrate Labor Day September 6, 2010.  REUTERS/Larry DowningAP - President Barack Obama will call on Congress to pass new tax breaks that would allow businesses to write off 100 percent of their new capital investments through 2011, the latest in a series of proposals the White House is rolling out in hopes of showing action on the economy ahead of the November elections.


Official: Obama to back more business tax breaks (AP)

U.S. President Barack Obama attends the Milwaukee Laborfest event in Wisconsin to celebrate Labor Day September 6, 2010.  REUTERS/Larry DowningAP - President Barack Obama will call on Congress to pass new tax breaks that would allow businesses to write off 100 percent of their new capital investments through 2011, the latest in a series of proposals the White House is rolling out in hopes of showing action on the economy ahead of the November elections.


Norway man pleads not guilty to terror financing (AP)

Defending lawyer Frode Sulland, front right, and prosecutor Jan Glent, front left, in court in Oslo Tuesday Sept. 7, 2010, prior to the start of the trial of Osman Abdirahman Abdi (not in picture). The Somali-born Norwegian citizen pleaded not guilty Tuesday to charges of sending over $30,000 (23,280 euro) to top leaders of an al-Qaida-linked Somali militant group, al-Shabaab, at the start of the first trial under Norway's 2002 terror financing law. (AP Photo/Scanpix, Berit Roald) ** NORWAY OUT **AP - A Somali-born Norwegian citizen pleaded not guilty Tuesday to charges of sending over $30,000 to top leaders of an al-Qaida-linked Somali militant group at the start of the first trial under Norway's 2002 terror financing law.


Oracle hires HP's former chief Mark Hurd (Reuters)

Mark Hurd, chairman, CEO and president of HP speaks at the Fortune Brainstorm Tech conference in Pasadena, California, in this July 24, 2009 file photo. REUTERS/Fred Prouser/FilesReuters - Silicon Valley technology giant Oracle Corp has hired Mark Hurd, the former chief executive of Hewlett-Packard Co who resigned amid a scandal, as president.


Republicans could handle US economy better: poll (AFP)

The American flag flying next to the US Capitol dome in Washington, DC. A new national poll released on Tuesday revealed that Republicans in the US Congress may be able to handle the country's struggling economy better than President Barack Obama's fellow Democrats.(AFP/File/Karen Bleier)AFP - Republicans in the US Congress may be able to handle the country's struggling economy better than President Barack Obama's fellow Democrats, according to a new national poll released Tuesday.


Slovenia: WWII-era mass grave discovered (AP)

AP - An expert says a mass grave has been discovered in Slovenia containing bodies of about 700 victims killed by antifascists in the wake of World War II.

Haiti quake survivor returns home after 6 months (AP)

In this July 5, 2010 picture, Bazelais Suy, right, embraces nurse Rosite Merentie as he talks with friends in Port-au-Prince, Haiti. Suy is a student activist whose spine was crushed when a university building collapsed in Haiti's catastrophic earthquake last January. He was airlifted to Chicago for six months of intensive rehabilitation and returned to Haiti with hopes of helping rebuild the country. (AP Photo/Ramon Espinosa)AP - Half-buried in rubble, Bazelais Suy struggled to breathe — a dead woman lay on his chest. He knew he had to get her off, fast. Because he could still move his arms, he somehow managed to remove his belt, loop it around the woman's own belt and drag her off. But his legs were still pinned.


Afghans protest planned Florida Koran-burning (The Upshot)

The Upshot - A small group associated with a fringe Christian church in Florida is planning to burn Korans on Sept. 11 -- and is now the subject of outraged protests in Afghanistan. Meanwhile, the top U.S. military commander in Afghanistan warned that the anti-Islamic action could hurt troops in the volatile region. "It could endanger troops and [...]

EU OKs new financial supervision deal (AP)

From left, European Central Bank President Jean Claude Trichet, Belgian Finance Minister Didier Reynders, and Spanish Finance Minister Elena Salgado speak during a meeting of EU finance ministers at the EU Council building in Brussels on Tuesday, Sept. 7, 2010. European finance ministers meet Tuesday to discuss taxes on banks. (AP Photo/Virginia Mayo)AP - European Union nations agreed to create new financial oversight institutions Tuesday, hoping to prevent a repeat of the government debt crisis that nearly left Greece bankrupt and brought the European banking system to its knees.


Tropical Storm Hermine crosses into Texas (AP)

This NOAA GOES National Weather Service satellite image shows tropical storm Hermine. Hermine made landfall in far northeastern Mexico, threatening storm surges and tornadoes in the US-Mexico border area, US forecasters said.(AFP/NOAA-HO)AP - Tropical Storm Hermine began to lose its punch as it pushed north Tuesday, after causing landslides in northeast Mexico and leaving one Texas town almost entirely without power.


U.S. companies cut more aggressively in downturn (Reuters)

Reuters - U.S. employers were more aggressive about cutting jobs and otherwise lowering costs during the recession than their peers in other parts of the world, according to a global study by Towers Watson and Co , a global consultancy and professional services firm.

GOP Gov. Jindal won’t endorse Vitter in Senate race (The Upshot)

The Upshot - Politicians are expected to give the official nod to their party nominees, but Louisiana Gov. Bobby Jindal is doing no such thing in his home-state Senate race. The Republican governor said over the weekend that he will not be endorsing Republican Sen. David Vitter for reelection this year. "Voters can make up their own minds," [...]

Imam behind NYC mosque back in US after Gulf trip (AP)

VIDEO: The proposed construction of a 100-million-dollar, 13-story mosque and Islamic center near Ground Zero in New York City, has stirred raw emotions in the United States as the country prepares to mark the ninth anniversary of the September 11 attacks. Duration: 01:00(afp.com)AP - An imam who has become the public face of a proposed Islamic community center and mosque near ground zero has returned to the United States following a taxpayer-funded tour of the Middle East, his wife said Monday.


Imam behind NYC mosque back in US after Gulf trip (AP)

VIDEO: The proposed construction of a 100-million-dollar, 13-story mosque and Islamic center near Ground Zero in New York City, has stirred raw emotions in the United States as the country prepares to mark the ninth anniversary of the September 11 attacks. Duration: 01:00(afp.com)AP - An imam who has become the public face of a proposed Islamic community center and mosque near ground zero has returned to the United States following a taxpayer-funded tour of the Middle East, his wife said Monday.


Gore school built on toxic soil (Politico)

Politico - An L.A. Times report has some contending that the academy could pose health risks to students.

The Treasury's New Research Office (BusinessWeek)

BusinessWeek - Don't expect an Elizabeth Warren-style campaign for the first director of the Office of Financial Research, yet another agency set up under the financial system overhaul. Unlike the pending decision over who will lead the Consumer Financial Protection Bureau, which has prompted online petitions and a viral rap video in support of the Harvard law professor, the competition over who will be the head of the research office is a wonks-only affair. ...

AP analysis: Economic pain failed to ease in July (AP)

AP - Americans' economic struggles persisted in July, largely unchanged from the previous month, according to The Associated Press' monthly analysis of conditions around the country.

Samsung warns DRAM oversupply on weak PC sales (Reuters)

Reuters - Samsung Electronics, the world's top memory chipmaker, warned of an oversupply in the computer memory chip market from next quarter as a sputtering global economy may further weaken PC sales.

20 most stressed, 20 least stressed counties (AP)

AP - Here are the 20 most economically stressed counties with populations of at least 25,000 and their July 2010 Stress scores, according to The Associated Press Economic Stress Index:

Wrigley rooftops hurting as Cubs, economy struggle (AP)

In this photo taken Monday, Aug. 30, 2010, baseball fans are seen in one of the many rooftop venues outside Wrigley Field in Chicago and in the bleacher seats, foreground, to watch a baseball game between the Chicago Cubs and Pittsburgh Pirates. Like 'America's team' itself about this time every year, the fate of the famed rooftops beyond the Waveland and Sheffield walls is slumping. With the economy bad and the Cubs once again woeful, the club and bar owners offering a unique over-the-wall viewing experience are struggling financially, despite discounted tickets. About the only thing sustaining them is that the Cubs charge the most for ballpark tickets of any team in the Majors. (AP Photo/Charles Rex Arbogast)AP - The crowded rooftop bleachers overlooking Wrigley Field stand as proof that no matter how bad the Chicago Cubs played, the ballpark was simply not big enough to hold everyone who wanted to see them play.


Pros and Cons of Spending $50 Billion on Infrastructure (The Atlantic Wire)

The Atlantic Wire - On Labor Day, president Obama rolled out a plan to save jobs that included $50 billion for infrastructure. The Wire already brought you the debate on the political savviness of the move, and whether such a stimulus would be likely to pass. But there's also the practical question: what effect would spending $50 billion on infrastructure actually have? Commentators seem to be divided into three camps: one group endorses the move, one backs the general idea of infrastructure spending but thinks this proposal is too little, too late. A third camp is against the proposal entirely, opposing the economic theory behind it and the cost.

AIG seeks Sept 21 approval for AIA IPO: sources (Reuters)

Reuters - American International Group Inc plans to seek Hong Kong listing committee approval on September 21, to list its Asian life insurance unit, aiming to raise about $15 billion, two sources with direct knowledge of the deal said on Tuesday.

Boston Dawna, the Batman of Venice Beach, retires (AP)

Donna Chaet, better known as Boston Dawna, poses for a photo on Ocean Front Walk in Los Angeles' Venice Beach neighborhood Tuesday, Aug. 31, 2010.  Hipsters, hustlers, celebrities, thieves, dope peddlers and just about everyone else in gritty, quirky Venice Beach know Boston Dawna. You can't miss the one-woman crime fighter.  For nearly 40 years, she's cruised Venice, always on the lookout for lawbreakers.  (AP Photo/Reed Saxon)AP - Hipsters, hustlers, celebrities, thieves, dope peddlers and just about everyone else in gritty, quirky Venice Beach know Boston Dawna. You can't miss the one-woman crime fighter.


As Democrats fear rout, Obama launches jobs push (AFP)

US President Barack Obama makes remarks on the economy at the Milwaukee Laborfest in Milwaukee, Wisconsin. Obama has pledged 50 billion dollars to create jobs in a massive transportation infrastructure campaign, targeting huge unemployment and ripping resurgent Republicans.(AFP/Tim Sloan)AFP - US President Barack Obama has pledged 50 billion dollars to create jobs in a massive transportation infrastructure campaign, targeting huge unemployment and ripping resurgent Republicans.


New polls point to tsunami (Politico)

Politico - The latest surveys show a rising anti-incumbent tide that may mean trouble for Dems in November.

Indian states crippled by trade union strike

A strike called by trade unions in India on Tuesday to protest against rising prices and alleged anti-labour policies crippled life in the east and south of the country in Communist-ruled states.

Oil falls below $74 as traders look to US economy (AP)

An engineer works at the Barjisiya oil fields in Zubair One south west of the city of Basra, Iraq. Global dependency on the Organization of Petroleum Exporting Countries for crude oil will rise in the next five to 10 years as output by non-OPEC nations falls, the head of the International Energy Agency (IEA) has said.(AFP/File/Essam -al-Sudani)AP - Oil prices fell to near $74 a barrel Tuesday in Asia as investors mull the strength of the U.S. economy and demand for crude.


Obama getting fewer judges confirmed than Nixon (AP)

US President Barack Obama makes remarks on the economy at the Milwaukee Laborfest in Milwaukee, Wisconsin. US Obama Monday promised more than 50 billion dollars to create jobs rebuilding roads, railways and airports, targeting huge unemployment and ripping resurgent Republicans.(AFP/Tim Sloan)AP - A determined Republican stall campaign in the Senate has sidetracked so many of the men and women nominated by President Barack Obama for judgeships that he has put fewer people on the bench than any president since Richard Nixon at a similar point in his first term 40 years ago.


Strong yuan would hurt China: economists (Reuters)

Reuters - China must resist external pressure for yuan appreciation because a stronger exchange rate would take a big bite out of economic growth, according to a pair of senior government researchers.

United States tops Angola to reach quarterfinal

ISTANBUL (AP) — Before it can win a world championship, the United States needed to start looking like a world champion. Kevin Durant, Chauncey Billups and the rest of the Americans finally had that appearance yesterday, powering into the quarterfinals with a 121-66 victory over Angola.

District Polls Are Troubling Signs for Democrats (CQPolitics.com)

CQPolitics.com - While serious Democratic observers worry whether their party can somehow hang on to 218 seats in the House, more than a few Republican strategists and neutral observers have become convinced that the GOP is on the cusp of a stunning victory that could at least equal the party's 52-seat 1994 gain.

Spratt Tries to Budget for Fall Victory (CQPolitics.com)

CQPolitics.com - YORK, S.C. -- Rep. John M. Spratt Jr. had just finished opening the 27th annual Summerfest fair here in his hometown when he came face to face with a former donor who was, at that moment, only interested in giving the Congressman a piece of his mind.

States drafting river rules

HARTFORD, Conn. (AP) -- Water is plentiful, but that's not stopping several New England states from drafting regulations to ensure it's available despite droughts, heat spells and development pressures.

Obama assails GOP, promotes new jobs program (AP)

President Barack Obama speaks on the economy at the Milwaukee Laborfest in Milwaukee, Monday, Sept. 6, 2010. (AP Photo/Pablo Martinez Monsivais)AP - A combative President Barack Obama rolled out a long-term jobs program Monday that would exceed $50 billion to rebuild roads, railways and runways, and coupled it with a blunt campaign-season assault on Republicans for causing Americans' hard economic times.


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