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Senate Democrats will pack plenty of muscle

WASHINGTON, Dec. 3, 2008 (Reuters) — Senate Democrats will be able to do plenty over the next two years -- despite falling just short of their goal of winning a majority big enough to end Republican procedural roadblocks. ...  > full story
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Obama calls automakers' plan "more serious"

CHICAGO, Dec. 3, 2008 (Reuters) — President-elect Barack Obama said on Wednesday struggling automakers have put forward a "more serious" restructuring proposal to Congress but withheld judgment on the plans until hearings are held. ...  > full story
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U.S.-led coalition in Iraq dwindles as allies leave

BAGHDAD, Dec. 3, 2008 (Reuters) — A string of departures by the U.S. military's allies in Iraq is turning into an exodus as violence subsides and the end of a U.N. mandate permitting their deployment to the country approaches. ...  > full story
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Private jobs and services slump show recession toll

NEW YORK, Dec. 3, 2008 (Reuters) — Private employers slashed an unexpectedly high 250,000 jobs in November, the biggest cut in seven years, while the service sector, which powers most of the economy, posted its worst slump on record. ...  > full story
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Paulson debates next $350 billion in bailout: report

NEW YORK, Dec. 3, 2008 (Reuters) — Treasury secretary Henry Paulson is debating whether to ask Congress for the next $350 billion in the $700 billion U.S. bailout, the Wall Street Journal reported on its website on Tuesday. ...  > full story
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U.S. forces in Iraq detain, kill Iran-backed suspects

BAGHDAD, Dec. 3, 2008 (Reuters) — U.S. forces in Iraq captured two suspected members of an Iranian-backed network and killed a third Wednesday, part of U.S. efforts to target a group it says has attacked Iraqi citizens and foreign troops. ...  > full story
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Islamic extremists coaxed to YouTube

WASHINGTON, Dec. 3, 2008 (Reuters) — Islamic extremists are being instructed on how to use the popular video-sharing site YouTube as a way to disseminate propaganda videos, a U.S.-based terrorism monitor said on Tuesday. ...  > full story
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Clinton for a Clinton? Senate guessing game begins

NEW YORK, Dec. 3, 2008 (Reuters) — New York Gov. David Paterson has famous names to choose from in picking a replacement for Sen. Hillary Clinton, including a Kennedy, a Cuomo and even another Clinton, as in the former president of the United States. ...  > full story
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Pentagon chief Gates backs Obama Iraq policy

WASHINGTON, Dec. 2, 2008 (Reuters) — U.S. Defense Secretary Robert Gates, who will stay on under Barack Obama, said on Tuesday he supported the president-elect's Iraq policy but declined to back his proposed timetable for the withdrawal of U.S. forces. ...  > full story
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NATO says agrees gradual reengagement with Russia

BRUSSELS, Dec. 2, 2008 (Reuters) — NATO foreign ministers agreed on Tuesday on a gradual resumption of contacts with Russia, suspended after Moscow's intervention in Georgia, NATO Secretary-General Jaap de Hoop Scheffer said. ...  > full story
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World News

Britain to hold talks with Israelis, Palestinians

LONDON, Dec. 3, 2008 (Reuters) — British Prime Minister Gordon Brown will hold separate talks with Israeli and Palestinian leaders in London this month on the political and economic situation in the Middle East, he said on Wednesday. ...  > full story

U.S.-led coalition in Iraq dwindles as allies leave

BAGHDAD, Dec. 3, 2008 (Reuters) — A string of departures by the U.S. military's allies in Iraq is turning into an exodus as violence subsides and the end of a U.N. mandate permitting their deployment to the country approaches. ...  > full story

NATO seeks more forces to avoid Afghan stalemate

BRUSSELS, Dec. 3, 2008 (Reuters) — NATO needs more troops in Afghanistan to be able to hold territory and avoid a stalemate in its battle against Islamist militants, NATO Secretary-General Jaap de Hoop Scheffer said on Wednesday. ...  > full story

Italian judge suspends CIA kidnapping trial

MILAN, Dec. 3, 2008 (Reuters) — A Milan judge on Wednesday suspended the high-profile trial of U.S. and Italian agents suspected of a CIA kidnapping after Prime Minister Silvio Berlusconi authorized witnesses to invoke state secrecy. ...  > full story

Politics

House Republicans seek bailout answers from Treasury

WASHINGTON, Dec. 3, 2008 (Reuters) — Leading Republicans in the U.S. House of Representatives on Wednesday urged the Treasury Department to improve its handling of the $700 billion financial industry bailout program before asking Congress for authority to spend the second half of the money. ...  > full story

Senate Democrats will pack plenty of muscle

WASHINGTON, Dec. 3, 2008 (Reuters) — Senate Democrats will be able to do plenty over the next two years -- despite falling just short of their goal of winning a majority big enough to end Republican procedural roadblocks. ...  > full story

Obama calls automakers' plan "more serious"

CHICAGO, Dec. 3, 2008 (Reuters) — President-elect Barack Obama said on Wednesday struggling automakers have put forward a "more serious" restructuring proposal to Congress but withheld judgment on the plans until hearings are held. ...  > full story

Obama says reviewing TARP, eyeing homeowner relief

CHICAGO, Dec. 3, 2008 (Reuters) — President-elect Barack Obama said on Wednesday he is reviewing whether taxpayers are getting maximum bang for the buck from a $700 billion government financial rescue package and indicated particular interest in helping prevent mortgage foreclosures. ...  > full story

Business

"Bottom's been made" in stocks: Legg Mason's Miller

NEW YORK, Dec. 3, 2008 (Reuters) — Legg Mason's star stock-fund manager Bill Miller said on Wednesday the "bottom has been made" in U.S. equities and that the Federal Reserve should consider purchasing stocks and junk bonds to pull the United States out of the financial crisis. ...  > full story

Fed Beige Book says economic activity weakened

WASHINGTON, Dec. 3, 2008 (Reuters) — Economic activity has weakened across the United States since early October, while price pressures have eased with declines in retail and energy prices, the Federal Reserve said on Wednesday. ...  > full story

Investors accuse Citi execs of "suspicious" trades

NEW YORK, Dec. 3, 2008 (Reuters) — An investor lawsuit contends that Citigroup Inc insiders, including senior counselor and former U.S. Treasury Secretary Robert Rubin, sold more than $150 million of their own shares at inflated prices while concealing the bank's true financial health. ...  > full story

American Express CEO: high earners cut spending

WASHINGTON, Dec. 3, 2008 (Reuters) — The chief executive of American Express Co said on Wednesday that the current financial downturn is strongly affecting the spending of people in high income levels, a departure from prior economic slowdowns. ...  > full story

Science

Arctic tundra emits methane even in winter

LONDON, Dec. 3, 2008 (Reuters) — The arctic tundra emits the same amount of methane in winter as in the warmer months, a surprising finding that bolsters understanding of how greenhouse gases interact with nature, researchers said on Wednesday. ...  > full story

Obese children risk thyroid damage

WASHINGTON, Dec. 3, 2008 (Reuters) — Obese children may be damaging their thyroids, creating a vicious cycle of metabolism and overweight, Italian researchers reported on Wednesday. ...  > full story

Bird flu makes mallards thin, study finds

WASHINGTON, Dec. 2, 2008 (Reuters) — Avian flu viruses make mallard ducks thinner than other ducks, a finding that implies they do not spread the germs over long distances, researchers reported Tuesday. ...  > full story

Cuba ready to authorize GM corn crop: scientists

HAVANA, Dec. 2, 2008 (Reuters) — Cuba could soon authorize the planting of 124 acres of genetically-modified corn for the first time to help reduce its dependence on costly food imports, Cuban scientists said on Tuesday. ...  > full story

Entertainment

Britney marriage broke over kids, Federline says

LOS ANGELES, Dec. 3, 2008 (Reuters) — Kevin Federline said his two year marriage to Britney Spears broke down because he focused on his children but he was "completely blindsided" when the pop star went behind his back and filed for divorce. ...  > full story

Austria's Salzburg resists "Sound of Music" hotel

VIENNA, Dec. 3, 2008 (Reuters) — "The Sound of Music" has faded in the Austrian city of Salzburg, which has blocked plans to turn the original von Trapp family villa portrayed in the Hollywood favorite into a hotel, says the company behind the idea. ...  > full story

Kanye West outperforms Guns N' Roses on album chart

NEW YORK, Dec. 3, 2008 (Billboard) — Kanye West has earned his third straight No. 1 on the U.S. pop album chart with the debut of "808s & Heartbreak," while Guns N' Roses' first album in 17 years took third place. ...  > full story

Christie's HK Asian sales miss target, crisis weighs

HONG KONG, Dec. 3, 2008 (Reuters) — Auction house Christie's sold $146 million worth of Asian artwork in its Hong Kong autumn sales concluded Wednesday, around 35 percent below its pre-sale estimate as the financial crisis shrunk demand for Asian art. ...  > full story

Sports

Red Sox sign MVP Pedroia to lucrative six year deal

BOSTON, Dec. 3, 2008 (Reuters) — The Boston Red Sox signed American League Most Valuable Player (MVP) Dustin Pedroia to a $40.5 million, six-year contract extension on Wednesday. ...  > full story

Hurricanes fire Laviolette, re-appoint Maurice

RALEIGH, Dec. 3, 2008 (Reuters) — The Carolina Hurricanes fired head coach Peter Laviolette on Wednesday and named former coach Paul Maurice as his replacement. ...  > full story

In form Karlsson says accuracy is key at Sun City

SUN CITY, South Africa, Dec. 3, 2008 (Reuters) — European number one Robert Karlsson said accuracy would be the key to success at the Sun City Challenge which starts on Thursday. ...  > full story

BOA anger at funding cuts for Britain's minority sports

LONDON, Dec. 3, 2008 (Reuters) — The British Olympic Association (BOA) accused the Government of turning its back on less popular sports on Wednesday when a breakdown of funding for sports in the run-up to the 2012 Olympics was published. ...  > full story
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