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  • Asian stocks post cautious gains, Qantas surges

    TOKYO (AP) — Asian stock markets were mostly higher Thursday but gains were muted ahead of U.S. economic data and possible policy announcements from Japan. KEEPING SCORE: The Nikkei 225, the benchmark for the Tokyo Stock Exchange, inched down 0.5 percent to 15,450.42. Hong Kong's Hang Seng...

  • SEC adopts rules on loan-backed securities

    WASHINGTON (AP) — Federal regulators on Wednesday voted to require financial firms that sell securities backed by loans, like the kind that fueled the 2008 financial crisis, to give investors details on borrowers' credit records and income. The Securities and Exchange Commission adopted the...

  • Stocks drift higher; S&P 500 holds on to 2,000

    Stocks are drifting mostly higher as a main U.S. index sets a record for a third day in a row. The Standard & Poor's 500 eked out a gain of one-tenth of a point, enough to set another all-time high. The index closed at 2,000.12 points, a day after its first close above 2,000. The Dow Jones...

  • 10 things to know about corporate inversions

    WASHINGTON (AP) — Burger King is drawing a lot of flak over plans to shift its legal address to a foreign country by merging with Tim Hortons, the Canadian coffee-and-doughnut chain. The transaction is called a corporate inversion, a maneuver that is becoming popular among companies looking to...

  • Regulators OK overhaul of credit rating agencies

    The Securities and Exchange Commission voted to adopt two rules intended to prevent weak or fraudulent loans from being bundled into securities and sold to investors, including an overhaul of the way that rating agencies work.

  • Stocks drift higher; S&P 500 holds at 2,000 points

    U.S. stock indexes edged higher in midday trading Wednesday, drifting slightly from a record high set the day before. Trading was light ahead of the Labor Day holiday as investors sifted through company earnings and deal news. Express rose 12 percent after the clothing retailer's results beat...

  • National debt has doubled since financial crisis: budget office

    This year the federal debt will be double what it was before the financial crisis, Congress' budget scorekeeper projected Wednesday morning.

  • Mortgage rules leave lenders scared to lend

    Federal rules are scaring home lenders from making loans to anyone without excellent credit, a dynamic that top economic policymakers say is holding back the nation's economic recovery.

  • GM likely to announce SUVs, jobs at Tenn. plant

    DETROIT (AP) — General Motors and government officials are expected to announce new vehicles and jobs Wednesday at a sprawling factory complex in Spring Hill, Tennessee. An announcement is scheduled for Wednesday morning at the plant, which is likely to get new Cadillac and GMC crossover SUVs...

  • More job training planned as 3 casinos to close

    ATLANTIC CITY, N.J. (AP) — Atlantic City is planning to offer additional job training as three casinos prepare to shut down over the next few weeks, putting thousands of workers on the street. During a conference call with national media on Tuesday to address the upcoming shutdowns this weekend...

  • S&P 500 closes over 2,000 for the first time ever

    The S&P 500 index closed just above the symbolically significant number of 2,000 for the first time Tuesday, as stocks soared following positive economic reports. The Dow Jones Industrial Average also neared record highs.

  • US home price gains slow in June

    WASHINGTON (AP) — U.S. home prices increased at a slower pace in June — a cooldown that could continue for several more months. The Standard & Poor's/Case-Shiller 20-city home price index rose 8.1 percent in June from 12 months earlier, according to a Tuesday report. That's down from 9.4...

  • Best Buy sales slip spooks Wall Street

    RICHFIELD, Minn. (AP) — Best Buy's shares fell Tuesday after the nation's largest consumer electronics retailer reported a revenue shortfall in the second-quarter revenue, as people increasingly shop online. It also said an important sales figure would continue to decline in the final two...

  • AP survey: Fed's outlook correct but not solution

    WASHINGTON (AP) — Economists appear to be of two minds about the Federal Reserve. They agree with the Fed that the job market still isn't healthy. Yet the latest Associated Press survey of economists finds that most fear the Fed will wait too long to raise interest rates and thereby risk...

  • S&P 500, Dow average heading for record highs

    NEW YORK (AP) — Encouraging economic news is sending the stock market further into record territory. A surge in consumer confidence helped push the Standard & Poor's 500 past 2,000 Tuesday morning, a day after the index closed just short of that milestone. The Dow Jones industrial average was...



From the Weekly Standard

  • Yes, We Do Have a Strategy: Keep Out

    Say what you will about Barack Obama, but his approach to the Middle East has been ruthlessly consistent.  He was elected on the promise to end America’s involvement in the post-9/11 wars in Iraq...

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  • On the Origin of ISIS

    The Islamic State in Iraq and Syria, the terrorist army many thousand strong now rampaging through the Levant, embraces such an extreme, violent ideology that it makes even al Qaeda squeamish,...

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  • McConnell Aide Resigns As Ron Paul Scandal Develops

    Just before the start of the Labor Day holiday weekend, the reelection campaign for Mitch McConnell of Kentucky announced its campaign manager, Jesse Benton, was resigning. Benton was leaving the...

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