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Ex-WorldCom chief Ebbers seeks clemency from Bush

NEW YORK/WASHINGTON, Dec. 3, 2008 (Reuters) — Imprisoned former WorldCom Inc chief Bernard Ebbers has joined the list of high-profile corporate defendants petitioning for clemency in the final days of President George W. Bush's term in office. ...  > full story
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Paulson said weighing bailout's next $350 billion

CHICAGO/WASHINGTON, Dec. 3, 2008 (Reuters) — Treasury Secretary Henry Paulson is weighing whether to ask Congress for the remaining $350 billion of the financial bailout fund, with White House aides approaching President-elect Barack Obama's transition team about the idea, an Obama aide said on Wednesday. ...  > full story
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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 names Richardson as Commerce Secretary

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, services slump show recession toll

NEW YORK, Dec. 3, 2008 (Reuters) — Private employers cut 250,000 jobs in November, an unexpectedly large number and the biggest 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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World News

China's "world factory" struggles to find its feet

DONGGUAN, China, Dec. 3, 2008 (Reuters) — Strolling the production lines of his toy factory in southern China, Peter Lin barks orders as hundreds of workers in green overalls snap wheels onto toy cars and affix tiny batteries into die-cast replica jets. ...  > full story

WITNESS: Counting bodies on Congo's front line

KIBATI, Congo, Dec. 3, 2008 (Reuters) — A Congolese refugee in a tattered baseball cap, worn clothes and blue flip-flops begged me for a cigarette at Kibati, a camp for 65,000 people displaced by fighting in eastern Congo. ...  > full story

Large quake jolts Japan's north, no damage reported

TOKYO, Japan, Dec. 3, 2008 (Reuters) — An earthquake with a preliminary magnitude of 6.1 jolted northern Japan at 8:17 a.m. (6:17 EST) on Thursday, a government agency said. ...  > full story

Putin faces crisis questions from Russian people

MOSCOW, Dec. 3, 2008 (Reuters) — Prime Minister Vladimir Putin faces a barrage of questions about rising inflation and job losses on Thursday in his first annual question-and-answer session with the Russian people since leaving the Kremlin. ...  > full story

Politics

U.S. must halt spread of nuclear, bio weapons: Biden

WASHINGTON, Dec. 3, 2008 (Reuters) — The United States has done too little to fight the spread of weapons of mass destruction, U.S. Vice President-elect Joe Biden said on Wednesday, as he got a congressional report warning of their pressing threat. ...  > full story

Jeb Bush mulling U.S. Senate run, aide says

MIAMI, Dec. 3, 2008 (Reuters) — Former Florida Gov. Jeb Bush, the younger brother of President George W. Bush, is considering running in 2010 for the U.S. Senate seat being vacated by fellow Republican Mel Martinez, an aide said on Wednesday. ...  > full story

Democrats may push stopgap economic stimulus

WASHINGTON, Dec. 3, 2008 (Reuters) — Democrats in Congress, unable to convince the outgoing Bush administration to support a broad economic stimulus bill, are looking at a stopgap measure to feed the poor and help them get health care, congressional aides said. ...  > full story

NY gov. outraged no women nominated for top judge

NEW YORK, Dec. 3, 2008 (Reuters) — New York Gov. David Paterson said on Wednesday he was "outraged" that no women were nominated to lead the state's Court of Appeals, its highest court, forcing him to choose from seven men recommended by a panel. ...  > full story

Business

U.S. working on affordable mortgage plan: sources

WASHINGTON, Dec. 3, 2008 (Reuters) — The Treasury Department is developing a plan to try to reduce mortgage rates on home loans to 4.5 percent on typical mortgages by expanding its purchases of mortgage backed securities, sources familiar with the plan said on Wednesday. ...  > full story

Belden to cut jobs, take charges

NEW YORK, Dec. 3, 2008 (Reuters) — Cable manufacturer Belden Inc said on Wednesday it will cut about 1,800 employees, or 20 percent of its workforce and consolidate some manufacturing operations due to weaker demand for its products. ...  > full story

New York mayor urges Obama to fix municipal bond market

NEW YORK, Dec. 3, 2008 (Reuters) — New York City Mayor Michael Bloomberg said he had advised President-elect Barack Obama's transition team to boost U.S. economic growth by fixing the credit markets so that cities and states can resume borrowing to build infrastructure projects. ...  > full story

Harvard endowment loses 22 percent in 4 months

BOSTON, Dec. 3, 2008 (Reuters) — Harvard University's endowment has lost 22 percent, or roughly $8 billion, in the last four months, leaving the world's richest university on track to deliver its worst annual returns in 40 years. ...  > full story

Science

O'Brien out at CNN as network ends space mission

NEW YORK, Dec. 3, 2008 (Hollywood Reporter) — CNN will close its dedicated unit that covered environmental, science and space stories. ...  > full story

New fabric can wipe away toxic chemicals: study

CHICAGO, Dec. 3, 2008 (Reuters) — A new dry wipe can clean up chemical agents such as mustard gas, giving soldiers a more convenient way to deal with toxic materials on the battlefield, U.S. researchers said on Wednesday. ...  > full story

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

Entertainment

Jonas Brothers score Grammy nomination

LOS ANGELES, Dec. 3, 2008 (Reuters) — The Jonas Brothers were among the fresh faces nominated for a Grammy Award for best new artist, organizers of the music industry's top honors said on Wednesday. ...  > full story

Drama offers comprehensive look at dictator's reign

LOS ANGELES, Dec. 3, 2008 (Hollywood Reporter) — Saddam Hussein hasn't been in the news much lately. Being hanged to death two years ago will have that effect. Still, the situation in Iraq continues to bear the impact of his life and his ruthlessness, many of the details of which are not widely known. ...  > full story

Adidas ads feature musicians but not their music

NEW YORK, Dec. 3, 2008 (Billboard) — In the summer of 1986, hip-hop pioneers Run-D.M.C. played a show at Madison Square Garden in New York, riding high on the success of their single "My Adidas" and their third album, "Raising Hell." ...  > full story

Recession-hit Americans flocking to movies

NEW YORK, Dec. 3, 2008 (Reuters) — True to form and in keeping with past recessions, Americans are flocking to the movies, the chief executive of the largest U.S. theater chain said on Wednesday. ...  > full story

Sports

De La Hoya trained for King Kong not "little Manny"

LAS VEGAS, Dec. 3, 2008 (Reuters) — Oscar De La Hoya knows Manny Pacquiao is moving up two weight divisions to fight him but 'The Golden Boy' insists he will not take the Filipino lightly. ...  > full story

Raptors fire Mitchell after rout by Nuggets

TORONTO, Dec. 3, 2008 (Reuters) — The Toronto Raptors fired head coach Sam Mitchell Wednesday, a day after the team suffered one of their biggest defeats. ...  > full story

Hard times for China's clubs as game declines

BEIJING, Dec. 3, 2008 (Reuters) — Another miserable soccer season in China drew to an underwhelming close when Shandong Luneng claimed the Chinese Super League (CSL) title with a goalless home draw at the weekend. ...  > full story

Knicks rated most valuable team again: Forbes

NEW YORK, Dec. 3, 2008 (Reuters) — The New York Knicks are the most valuable professional basketball team in the National Basketball Association for the fourth consecutive year, Forbes magazine reported on Wednesday. ...  > full story
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