Will media stay on gun story?

STORY HIGHLIGHTSHoward Kurtz: Conventional wisdom is that media will lose interest in gunsHe says that's been the pattern of media behavior after Columbine, other shootingsThis time seems like it might be different, he saysKurtz: Reporters profoundly shaken by story, should stay on itEditor's note: Howard Kurtz is the host of CNN's "Reliable Sources" and is Newsweek's Washington bureau chief. He is...

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Hundreds pay tribute to legendary Indian sitarist Ravi Shankar

ENCINITAS, California (Reuters) – Ravi Shankar‘s daughters, Norah Jones and Anoushka Shankar, along with the wife of late Beatle George Harrison said their final goodbyes to the Indian sitar virtuoso on Thursday at a public memorial service in Encinitas, California.The legendary musician and composer, who helped introduce the sitar to the Western world through his collaboration with The Beatles, died...

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Wall Street Week Ahead: A lump of coal for "Fiscal Cliff-mas"

NEW YORK (Reuters) - Wall Street traders are going to have to pack their tablets and work computers in their holiday luggage after all. A traditionally quiet week could become hellish for traders as politicians in Washington are likely to fall short of an agreement to deal with $600 billion in tax hikes and spending cuts due to kick in early next year. Many economists forecast that this...

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Can Nepal’s Republic Be Saved?

If you were a politician in Nepal during the past two years, there’s some chance you may have been slapped. In January 2011—as well as in May and November of this year—three citizens who were fed up with chronic government inaction physically attacked three senior politicians.Nepal’s citizens survived 10 years of a bloody Maoist insurrection that killed an estimated 16,000 people but also brought...

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Effect of looming ‘fiscal cliff’ tax increases

A big package of tax cuts first enacted a decade ago are set to expire at the end the year, unless Congress and the White House reach a deal to extend them. How the looming tax increases would affect households at different income levels.___Annual income: $ 20,000 to $ 30,000.Average tax increase: $ 1,064.___Annual income: $ 40,000 to $ 50,000.Average tax increase: $ 1,729.___Annual income: $ 50,000...

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Douglas wins AP female athlete of the year honors

When Gabby Douglas allowed herself to dream of being the Olympic champion, she imagined having a nice little dinner with family and friends to celebrate. Maybe she'd make an appearance here and there."I didn't think it was going to be crazy," Douglas said, laughing. "I love it. But I realized my perspective was going to have to change."Just a bit.The teenager has become a worldwide star since winning...

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Goodbye, U.S. Postal Service?

This Christmas could be the Post Office's last, says John Avlon. STORY HIGHLIGHTSThe U.S. Postal Service is bleeding money and heading toward insolvency John Avlon: Congress can save the postal service in deal on the fiscal cliff He says the urgency is clear, let's hope for a Christmas miracle Avlon: But be prepared that Washington dysfunction can doom the postal service Editor's note: John Avlon...

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Moroccan road film subverts Hollywood stereotypes

DUBAI (Reuters) – When director John Slattery first visited Morocco, the familiarity was jarring – and as removed from the images of an exotic Orient conjured up by Hollywood as possible.That dichotomy between the representation and the reality of Morocco drives Slattery‘s charming paean to a country he clearly loves and makes “Casablanca, Mon Amour” a thoughtful rejoinder to U.S. popular culture.Two...

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Wall Street slides as fiscal deal unlikely before 2013

NEW YORK (Reuters) - Stocks lost more than 1 percent on Friday after a Republican proposal for averting the "fiscal cliff" failed to pass, diminishing hopes that a deal would be reached soon in Washington. Trading is expected to be volatile as investors view a fiscal agreement between the White House and Republicans before the end of the year as increasingly unlikely. Lower volume heading...

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US budget negotiations setback drives stocks down

PARIS (AP) — A failed attempt find a compromise in U.S. budget negotiations sent global stock markets plummeting Friday, as investors feared the world’s largest economy could teeter into recession if no deal is found.Without an agreement, the U.S. economy will fall off the so-called “fiscal cliff” on Jan. 1 when Bush-era tax cuts expire and spending cuts kick in automatically. The measures were designed...

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Yuletide Payday Loan Application Service for Fast Extra Cash this Christmas

MONTGOMERY, Alabama, December 21, 2012 /PRNewswire/ –PaydayLoan-Lenders.com announces the launch of a new expedited Yuletide loan application service to maximize time and money for the holiday, in the shortest time possible from a computer.Payday loans are indispensable to many consumers at this time of year, as Christmas preparations are in full swing. As the days count down, the need for last minute...

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Douglas wins AP female athlete of the year honors

When Gabby Douglas allowed herself to dream of being the Olympic champion, she imagined having a nice little dinner with family and friends to celebrate. Maybe she'd make an appearance here and there."I didn't think it was going to be crazy," Douglas said, laughing. "I love it. But I realized my perspective was going to have to change."Just a bit.The teenager has become a worldwide star since winning...

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Is Newtown tipping point for change?

By Piers Morgan, CNNDecember 20, 2012 -- Updated 1627 GMT (0027 HKT)STORY HIGHLIGHTSPiers Morgan: Past gun-related tragedies haven't led to any actionHe says that must change, and he hosted a debate on the issueMorgan: Laws must be changed to limit weapons, ammunition and enforce background checksRights of Americans who use guns for hunting and sport must be respected, he says(CNN) -- On Wednesday...

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Thousands mourn U.S.-Mexican singer Jenni Rivera

LOS ANGELES (Reuters) – Thousands of mourners on Wednesday packed a Los Angeles theater to pay their final respects to Mexican-American singer Jenni Rivera more than a week after her death in a plane crash.Rivera, 43, best known for her work in the Mexican folk Nortena and Banda genres, died after the small jet she was traveling in crashed in northern Mexico on December 9.Rivera’s family, dressed...

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Wall Street flat amid stalemate in fiscal talks

NEW YORK (Reuters) - Stocks were little changed on Thursday as investors fretted that a deal on the U.S. budget wouldn't come as soon as they had hoped after President Barack Obama threatened to veto a controversial Republican plan. NYSE Euronext was the star of the day, surging more than 30 percent as the S&P 500's top percentage gainer, after IntercontinentalExchange Inc said...

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Wall Street ticks lower on “fiscal cliff” stalemate

NEW YORK (Reuters) – Stocks edged slightly lower on Thursday as investors fretted that a deal on the U.S. budget wouldn’t come as soon as they had hoped after President Barack Obama threatened to veto a controversial Republican plan.The market barely reacted to a round of strong data, including on gross domestic product growth and housing, suggesting talks to avert the “fiscal cliff,” steep tax hikes...

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Walter Investment Management Corp. Responds To FHA’s Actions In Its Reverse Mortgage Program

TAMPA, Fla., Dec. 20, 2012 /PRNewswire/ — Walter Investment Management Corp. (NYSE MKT: WAC) (“Walter Investment” or the “Company”) today responded to the FHA’s announced moratorium on its Full-draw HECM Reverse Mortgage product.Mark J. O’Brien, Chairman and CEO of Walter Investment said, “We had anticipated this week’s announced moratorium on the Full-draw HECM Reverse Mortgage product and have already...

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Michael Phelps voted AP male athlete of year

Now that he's away from the pool, Michael Phelps can reflect — really reflect — on what he accomplished.Pretty amazing stuff."It's kind of nuts to think about everything I've gone through," Phelps said. "I've finally had time to myself, to sit back and say, '... that really happened?' It's kind of shocking at times."Not that his career needed a capper, but Phelps added one more honor to his staggering...

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Arming teachers would halt massacres

William Bennett argues that schools would be safer with at least one armed person there who is well-trained in firearms use.STORY HIGHLIGHTSWilliam Bennett: Arming, training one person in a school could help prevent shootingsHe says armed people have stopped instances of mass killingKillers may target places where they know they can't be shot down, Bennett saysBennett: Guns help prevent crime and...

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