Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts
Mar
02

Sequester: What Will Happen, What Won't Happen

When it comes to critical elements of the sequester timeline, not much is known -- because federal agencies have been tight lipped.Asked when specific effects will be felt, officials at three federal departments declined to discuss the timing of sequester cuts and their consequences. Some departments were waiting for President Obama's Friday night sequester order and subsequent...
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Mar
01

Sequester Set to Trigger Billions in Cuts

Nobody likes the sequester.Even the word is enough to send shivers of fiscal panic, or sheer political malaise, down the spines of seasoned politicians and news reporters. And today, the sequester will almost certainly happen, a year and a half after its inception as an intentionally unpalatable event amid the stalemate of the debt-limit crisis in 2011.Automatic budget cuts will be...
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Feb
28

Benedict Pledges 'Obedience' to New Pope

In his farewell remarks to colleagues in the Roman Catholic Church, Pope Benedict XVI, the first pontiff to resign in nearly 600 years, promised "unconditional reverence and obedience" to his eventual successor.Benedict, in a morning meeting at the Vatican, urged the cardinals to act "like an orchestra" to find "harmony" moving forward.Benedict, 85, is spending a quiet final day...
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Feb
27

Pope Thanks Crowd in Final Public Appearance

On his final full day as the leader of the Roman Catholic Church, Pope Benedict XVI thanked a huge crowd for respecting his historic decision to step down and told them that God will continue to guide the church."The decision I have made, after much prayer, is the fruit of a serene trust in God's will and a deep love of Christ's Church," Benedict said to cheers in his last public...
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Feb
26

Senate Expected to Vote on Hagel Nomination

After a battle lasting nearly two months, characterized by tough interrogation and a partisan divide, lawmakers are expected to confirm President Obama's nomination of Republican Chuck Hagel as Secretary of Defense this afternoon.The Senate returns today after a week off from debating Hagel's merit. Republicans blocked a cloture vote to confirm Hagel on Valentine's Day, pushing...
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Feb
25

Best Moments From the Academy Awards

Host Seth MacFarlane took the stage at the 2013 Oscars with an opening monologue revealing he was ready to poke fun at the star-studded audience."The quest to make Tommy Lee Jones laugh begins now," he said.But it wasn't too long before MacFarlane was interrupted. William Shatner, dressed as his iconic character Captain Kirk from "Star Trek," descended on the stage to warn MacFarlane that he...
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Feb
24

Crash at Daytona Exposes Risks to Fans

The risks of racing extend beyond the drivers.Fans can wind up in the danger zone, too.A horrifying crash on the last lap of a race at Daytona International Speedway injured at least 30 fans Saturday and provided another stark reminder of what can happen when a car going nearly 200 mph is suddenly launched toward the spectator areas.The victims were sprayed with large chunks of...
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Feb
23

Cyberattacks Bring Attention to Security Reform

Recent accusations of a large-scale cyber crime effort by the Chinese government left many wondering what immediate steps the president and Congress are taking to prevent these attacks from happening again.On Wednesday, the White House released the administration's Strategy on Mitigating the Theft of U.S. Trade Secrets as a follow-up to the president's executive order. The strategy...
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Feb
22

Oscar Pistorius Sobs as Bail Ruling Is Expected

The fourth and likely final day of the bail hearing for Oscar Pistorius, the Olympian accused of murdering his girlfriend Feb. 14, opened with arguments from the prosecution that the runner's version of events is improbable and the defense countering that Pistorius had no intent to kill the woman.Pistorius, who gained global acclaim for racing at the 2012 London Olympics, shot...
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Feb
21

Lead Pistorius Cop Facing Attempted Murder Charge

Hilton Botha, the detective at the center of the Oscar Pistorius murder case, is facing his own attempted murder charges in connection with a 2011 shooting in which he and other police officers allegedly fired a gun at passengers in a vehicle.Botha is scheduled to appear in court in May on seven counts of attempted murder in connection to the October 2011 incident in which he...
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Feb
20

Pistorius Shots Said to Come From High Angle

At the second day of a bail hearing for Olympian Oscar Pistorius, a South African investigator who arrived at the scene of the Feb. 14 fatal shooting said that Reeva Steenkamp was shot from a high angle, which prosecutors say contradicts the runner's account that he was not wearing his prosthetics when he shot his girlfriend to death.Pistorius, a double-amputee who runs on carbon-fiber...
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Feb
19

Oscar Pistorius Charged With Premeditated Murder

A South Africa magistrate has charged Olympian Oscar Pistorius with a Schedule 6 offense, meaning that the alleged murder of his girlfriend was preplanned or premeditated.Pistorius, a double-amputee who gained worldwide fame for running on carbon-fiber blades, allegedly shot his girlfriend, Reeva Steenkamp, four times at his gated home in Pretoria, South Africa, Feb. 14. South...
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Feb
18

Country Singer Mindy McCready Dead at 37

Mindy McCready, the country singer who soared to the top of the charts with her debut album, "Ten Thousand Angels," but struggled with substance abuse, served time in jail and fought a lengthy battle with her mother over custody of her son has died of what appears to be a self-inflicted gunshot wound, police said. She was 37.Deputies from the Cleburne County Sheriff's Office were...
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Feb
17

Meteor Blast Creates Rush to Cash In

The shattered glass and broken walls caused by the massive explosion of a monstrous meteor over this remote, industrial Russian city is not even cleaned up, and people are already trying to cash in.Some residents want to turn this city known mostly for its tank factory into a tourist destination, while others from all around the world are determined to find fragments of the meteorite.Meteor...
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Feb
16

Budget Cut Warnings Harsher Than Reality?

Get ready for two weeks of intensifying warnings about how crucial, popular government services are about to wither — including many threats that could eventually come true.President Barack Obama and congressional Republicans made no progress last week in heading off $85 billion in budget-wide cuts that automatically start taking effect March 1. Lacking a bipartisan deal to avoid...
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Feb
15

Nightmare Ends: Passengers Leave Disabled Ship

After five days without power in the Gulf of Mexico, the more than 4,200 people aboard the Carnival Triumph returned home to the U.S., with many of them telling their horror stories for the first time.Passengers began to disembark the damaged ship around 10:15 p.m. CT Thursday in Mobile, Ala. The last passenger disembarked the ship at 1 a.m. local time, according to Carnival's...
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Feb
14

'Blade Runner' Charged With Murder of Girlfriend

Oscar Pistorius, the Olympic and Paralympic athlete known as the "blade runner," was taken into custody in South Africa today and charged with the murder of his girlfriend, who was fatally shot at his home.Police in the South African capital of Pretoria received a call around 3 a.m. today that there had been a shooting at the home of 26-year-old Pistorius, Lt. Col. Katlego Mogale...
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Feb
13

Charred Human Remains Found in Burned Cabin

Investigators have located charred human remains in the burned-out cabin where they believe suspected cop killer and ex-LAPD officer Christopher Dorner was holed up as the structure burned to the ground, police said.The human remains were found within the debris of the burned cabin and identification will be attempted through forensic means, the San Bernardino County Sheriff-Coroner...
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Feb
12

Obama Calls N. Korea Nuke Test 'Highly Provocative'

President Obama called North Korea's latest nuclear test "a highly provocative act" that undermines regional stability and threatens international peace.North Korea announced earlier today that it successfully tested a miniaturized nuclear device underground, according to state media.Official state media said the test was conducted in a safe manner and is aimed at coping with...
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Feb
11

Vatican Says Pope Benedict Will Resign Feb. 28

Pope Benedict XVI announced today that he will resign Feb. 28, saying his role requires "both strength of mind and body."The pope's decision makes him the first pontiff to resign in nearly 600 years. A conclave to elect a new pope will take place before the end of March. The 85-year-old pope announced the decision to resign in Latin during a meeting of Vatican cardinals.VIDEO:...
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