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Buffett, others say high U.S. debt levels pose risks

NEW YORK, Aug. 22, 2008 (Reuters) — Warren Buffett, the billionaire co-founder of a top private equity firm and a prominent voice for U.S. fiscal responsibility, called on the United States and its elected officials to combat the nation's fast-growing, multi-trillion dollar debt load. ...  > full story
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Probe ordered into Chinese gymnast's age

BEIJING, Aug. 22, 2008 (Reuters) — The International Olympic Committee has ordered an investigation into allegations Chinese authorities covered up the age of a double gold medal winning gymnast because she was too young to compete. ...  > full story
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Fannie and Freddie debt gains as deep share dive abates

NEW YORK, Aug. 21, 2008 (Reuters) — Investors' growing belief in the likelihood of a federal bailout of home-funding giants Fannie Mae and Freddie Mac triggered a rally in the debt prices of the two companies on Thursday while a steep fall in their shares prices abated. ...  > full story
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Russia promises to start Georgia pullback

TBILISI, Aug. 21, 2008 (Reuters) — Russia said it would complete a pullback of troops in Georgia by the end of Friday but it stopped short of the extensive withdrawal demanded by the West, saying it would keep a force deep inside Georgia's heartland. ...  > full story
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Lehman straits may spur hostile takeover: analyst

NEW YORK, Aug. 21, 2008 (Reuters) — Lehman Brothers failed to sell a large stake to Asian investors, a report said, and such failures may open the door to a hostile takeover of the investment bank, an analyst wrote. ...  > full story
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Al Qaeda north African wing claims Algeria bombs

LONDON, Aug. 21, 2008 (Reuters) — Al Qaeda's north African wing has claimed responsibility for two car bombs in Algeria which killed 12 people and wounded 42 this week, the Al Jazeera television network said on Thursday. ...  > full story
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Obama sharpens attack on McCain

CHESTER, Virginia, Aug. 21, 2008 (Reuters) — Democrat Barack Obama attacked Republican John McCain on Thursday for not knowing how many houses he owns and said it proves his presidential rival is out of touch with the economic struggles of most Americans. ...  > full story
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Soggy storm Fay moves over Florida again

MIAMI, Aug. 21, 2008 (Reuters) — Tropical Storm Fay came ashore on the Florida coast for the third time in less than a week on Thursday, bringing more of the torrential rain that has flooded hundreds of homes. ...  > full story
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Iraq says no firm dates in draft U.S. troops deal

BAGHDAD, Aug. 21, 2008 (Reuters) — A draft agreement between the United States and Iraq contains no fixed dates for U.S. forces to withdraw, but Iraq would like combat troops out by the end of 2011, government spokesman Ali al-Dabbagh said on Thursday. ...  > full story
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U.S. regulation stops short of defining abortion

WASHINGTON, Aug. 21, 2008 (Reuters) — Health officials released a controversial regulation on Thursday to protect health professionals who do not want to provide abortions or certain other health care services. ...  > full story
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World News

Typhoon Nuri shuts down Hong Kong

HONG KONG, Aug. 22, 2008 (Reuters) — Hong Kong was buffeted by gale force winds on Friday as typhoon Nuri churned toward the major financial hub, with most of the city and its markets shut down in anticipation of a direct hit. ...  > full story

Probe ordered into Chinese gymnast's age

BEIJING, Aug. 22, 2008 (Reuters) — The International Olympic Committee has ordered an investigation into allegations Chinese authorities covered up the age of a double gold medal winning gymnast because she was too young to compete. ...  > full story

Second China quake in same area kills 3 and injures hundreds

BEIJING, Aug. 21, 2008 (Reuters) — A second earthquake in two days in the same county of southwest China killed at least three people, injured more than 100 and prompted the evacuation of over 120,000, state media reported on Friday. ...  > full story

Satellites track Mexico kidnap victims with chips

QUERETARO, Mexico, Aug. 21, 2008 (Reuters) — Affluent Mexicans, terrified of soaring kidnapping rates, are spending thousands of dollars to implant tiny transmitters under their skin so satellites can help find them tied up in a safe house or stuffed in the trunk of a car. ...  > full story

Politics

Probe ordered into Chinese gymnast's age

BEIJING, Aug. 22, 2008 (Reuters) — The International Olympic Committee has ordered an investigation into allegations Chinese authorities covered up the age of a double gold medal winning gymnast because she was too young to compete. ...  > full story

Two McCain offices evacuated after letter threat

DENVER, Aug. 21, 2008 (Reuters) — Two offices of John McCain's U.S. presidential campaign, in Colorado and New Hampshire, were evacuated on Thursday, and several staffers were hospitalized, after a threatening letter arrived in the mail containing an unidentified white powder. ...  > full story

More Americans want church and politics separate: poll

HOUSTON, Aug. 21, 2008 (Reuters) — A slim majority of Americans, including more conservatives and Republicans than previously, want to keep religion out of politics, a survey released on Thursday found. ...  > full story

Obama sharpens attack on McCain

CHESTER, Virginia, Aug. 21, 2008 (Reuters) — Democrat Barack Obama attacked Republican John McCain on Thursday for not knowing how many houses he owns and said it proves his presidential rival is out of touch with the economic struggles of most Americans. ...  > full story

Business

Buffett, others say high U.S. debt levels pose risks

NEW YORK, Aug. 22, 2008 (Reuters) — Warren Buffett, the billionaire co-founder of a top private equity firm and a prominent voice for U.S. fiscal responsibility, called on the United States and its elected officials to combat the nation's fast-growing, multi-trillion dollar debt load. ...  > full story

Verizon, Google close to mobile search deal: report

, Aug. 22, 2008 (Reuters) — Verizon Communications Inc. is nearing an agreement with Google Inc. on a wide-ranging partnership, the Wall Street Journal said, citing people familiar with the situation. ...  > full story

Oil firm at $121 on Russia tension, dollar dive

SINGAPORE, Aug. 22, 2008 (Reuters) — Oil prices held near $121 a barrel on Friday, a day after their biggest gain in 3 months, after a renewed slump in the U.S. dollar and mounting tension between the United States and Russia rekindled investor appetite. ...  > full story

Fannie and Freddie debt gains as deep share dive abates

NEW YORK, Aug. 21, 2008 (Reuters) — Investors' growing belief in the likelihood of a federal bailout of home-funding giants Fannie Mae and Freddie Mac triggered a rally in the debt prices of the two companies on Thursday while a steep fall in their shares prices abated. ...  > full story

Science

Typhoon Nuri shuts down Hong Kong

HONG KONG, Aug. 22, 2008 (Reuters) — Hong Kong was buffeted by gale force winds on Friday as typhoon Nuri churned toward the major financial hub, with most of the city and its markets shut down in anticipation of a direct hit. ...  > full story

Face transplants can work, studies show

LONDON, Aug. 21, 2008 (Reuters) — New faces given to a Chinese man after a bear tore off part of his face and a French-Caribbean man disfigured by a rare tumor show that such transplants can work and are not medical oddities, researchers said on Thursday. ...  > full story

FDA to allow radiation of spinach and lettuce

WASHINGTON, Aug. 21, 2008 (Reuters) — Health regulators have approved the use of ionizing radiation for fresh spinach and lettuce, saying the technique already approved for other foods can help control harmful bacteria and other pathogens. ...  > full story

Soggy storm Fay moves over Florida again

MIAMI, Aug. 21, 2008 (Reuters) — Tropical Storm Fay came ashore on the Florida coast for the third time in less than a week on Thursday, bringing more of the torrential rain that has flooded hundreds of homes. ...  > full story

Entertainment

Probe ordered into Chinese gymnast's age

BEIJING, Aug. 22, 2008 (Reuters) — The International Olympic Committee has ordered an investigation into allegations Chinese authorities covered up the age of a double gold medal winning gymnast because she was too young to compete. ...  > full story

Venice Film Festival delves into docus

ROME, Aug. 21, 2008 (Hollywood Reporter) — The late, groundbreaking Italian director Michelangelo Antonioni will be honored at the upcoming Venice Film Festival with a documentary about his life, one of three nonfiction additions to the lineup. ...  > full story

Weekend offers a "Race" to the summer finish line

LOS ANGELES, Aug. 21, 2008 (Hollywood Reporter) — Box-office grosses will start to fade this weekend as inevitably as a summer tan. ...  > full story

Kenny Chesney's "Sun" to shine this fall

NEW YORK, Aug. 21, 2008 (Billboard) — Kenny Chesney is targeting an October 14 release for his next album, "Lucky Old Sun," which has already spawned a hit in the form of "Everybody Wants To Go To Heaven." ...  > full story

Sports

Probe ordered into Chinese gymnast's age

BEIJING, Aug. 22, 2008 (Reuters) — The International Olympic Committee has ordered an investigation into allegations Chinese authorities covered up the age of a double gold medal winning gymnast because she was too young to compete. ...  > full story

Rogers, Dalhausser take beach volleybal gold

BEIJING, Aug. 22, 2008 (Reuters) — U.S. world champions Todd Rogers and Phil Dalhausser beat Brazil's Marcio Araujo and Fabio Luiz Magalhaes to win the gold medal in the men's Olympic beach volleyball on Friday. ...  > full story

Henin's U.S. Open women's title is up for grabs

NEW YORK, Aug. 21, 2008 (Reuters) — Serbians Ana Ivanovic and Jelena Jankovic are jousting for number one, the Russians are basking in Olympic success and the Williams sisters are thirsting for home victory. ...  > full story

Nadal launches new reign at U.S. Open

NEW YORK, Aug. 21, 2008 (Reuters) — Rafael Nadal plays his first grand slam as world number one at next week's U.S. Open with a chance to underline a magnificent season that has seen the muscular Spaniard vault past a suddenly human Roger Federer. ...  > full story
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