When it comes to critical elements of the sequester timeline, not much is known -- because federal agencies have been tight lipped.Asked when specific effects will be felt, officials at three federal departments declined to discuss the timing of sequester cuts and their consequences. Some departments were waiting for President Obama's Friday night sequester order and subsequent...
Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts
Mar
01
Sequester Set to Trigger Billions in Cuts
Label: Business Nobody likes the sequester.Even the word is enough to send shivers of fiscal panic, or sheer political malaise, down the spines of seasoned politicians and news reporters. And today, the sequester will almost certainly happen, a year and a half after its inception as an intentionally unpalatable event amid the stalemate of the debt-limit crisis in 2011.Automatic budget cuts will be...
Feb
28
Benedict Pledges 'Obedience' to New Pope
Label: Business In his farewell remarks to his colleagues in the Roman Catholic Church, Pope Benedict XVI, the first pontiff to resign in 600 years, promised his "unconditional reverence and obedience" to his eventual successor.Benedict, in a morning meeting at the Vatican, urged the cardinals to act "like an orchestra" to find "harmony" moving forward.Benedict, 85, is spending a quiet final...
Feb
27
What's Next for Pope Benedict XVI?
Label: Business The party for the world's most prominent soon-to-be retiree began today when Pope Benedict XVI hosted his final audience as pontiff in St. Peter's Square.More than 50,000 tickets were requested for the event, according to the Vatican, while the city of Rome planned for 250,000 people to flood the streets.FULL COVERAGE: Pope Benedict XVI ResignationWith his belongings packed...
Feb
26
Senate Expected to Vote on Hagel Nomination
Label: Business After a battle lasting nearly two months, characterized by tough interrogation and a partisan divide, lawmakers are expected to confirm President Obama's nomination of Republican Chuck Hagel as Secretary of Defense this afternoon.The Senate returns today after a week off from debating Hagel's merit. Republicans blocked a cloture vote to confirm Hagel on Valentine's Day, pushing...
Feb
25
Best Moments From the Academy Awards
Label: Business Host Seth MacFarlane took the stage at the 2013 Oscars with an opening monologue revealing he was ready to poke fun at the star-studded audience."The quest to make Tommy Lee Jones laugh begins now," he said.But it wasn't too long before MacFarlane was interrupted. William Shatner, dressed as his iconic character Captain Kirk from "Star Trek," descended on the stage to warn MacFarlane that he...
Feb
24
Las Vegas Strip Shooting Suspect ID'd
Label: Business Las Vegas police identified a suspect today in a shooting on the strip that caused a Maserati to hit a taxi and burst into flames, killing three people.Ammar Harris, 26, has been named a suspect in the Thursday skirmish that killed three people, including rapper Kenny Clutch.The altercation between Harris and Clutch, 27, whose legal name was Kenneth Cherry Jr., is believed to...
Feb
23
Cyberattacks Bring Attention to Security Reform
Label: Business Recent accusations of a large-scale cyber crime effort by the Chinese government left many wondering what immediate steps the president and Congress are taking to prevent these attacks from happening again.On Wednesday, the White House released the administration's Strategy on Mitigating the Theft of U.S. Trade Secrets as a follow-up to the president's executive order. The strategy...
Feb
22
Arias Challenged On Pedophilia Claim
Label: Business Accused murderer Jodi Arias was challenged today by phone records, text message records, and her own diary entries that appeared to contradict her claim that she caught her ex-boyfriend, Travis Alexander, looking at pictures of naked boys.Arias had said during her testimony that one afternoon in January 2008, she walked in on Alexander masturbating to pictures of naked boys....
Feb
21
Arias Leaves Stand After Describing Killing, Her Lies
Label: Business Jodi Arias stepped down from the witness stand today after mounting an emotional effort to save herself from death row, insisting to the Arizona jury that an explosive fight with ex-boyfriend Travis Alexander led to his death, and that her lies about killing him masked deep regret and plans to commit suicide.Arias, 32, will now face what is expected to be a withering cross-examination...
Feb
19
Russian Meteor: Close Encounter, Preventing Impacts
Label: Business Feb 18, 2013 7:03pm MOSCOW — As if Friday’s massive meteor explosion over central Russia weren’t enough, just hours later a large asteroid buzzed dangerously close to Earth.And that evening, the California sky was lit up by a fireball, apparently entering Earth’s atmosphere.It’s a barrage from space that has people asking: Are we ready for the big one?Nearly 100...
Feb
18
Country Star Mindy McCready Shot Herself, Cops Say
Label: Business Mindy McCready, the country singer who soared to the top of the charts with her debut album, "Ten Thousand Angels," but struggled with substance abuse, served time in jail and fought a lengthy battle with her mother over custody of her son has died of what appears to be a self-inflicted gunshot wound, police said. She was 37.Deputies from the Cleburne County Sheriff's Office were...
Feb
17
Meteor Blast Creates Rush to Cash In
Label: Business The shattered glass and broken walls caused by the massive explosion of a monstrous meteor over this remote, industrial Russian city is not even cleaned up, and people are already trying to cash in.Some residents want to turn this city known mostly for its tank factory into a tourist destination, while others from all around the world are determined to find fragments of the meteorite.Meteor...
Feb
16
Carnival Cruise Ship Hit With First Lawsuit
Label: Business The first lawsuit against Carnival Cruise Lines has been filed and it is expected to be the beginning of a wave of lawsuits against the ship's owners.Cassie Terry, 25, of Brazoria County, Texas, filed a lawsuit today in Miami federal court, calling the disabled Triumph cruise ship "a floating hell.""Plaintiff was forced to endure unbearable and horrendous odors on the filthy and...
Feb
15
Nightmare Ends: Passengers Leave Disabled Ship
Label: Business After five days without power in the Gulf of Mexico, the more than 4,200 people aboard the Carnival Triumph returned home to the U.S., with many of them telling their horror stories for the first time.Passengers began to disembark the damaged ship around 10:15 p.m. CT Thursday in Mobile, Ala. The last passenger disembarked the ship at 1 a.m. local time, according to Carnival's...
Feb
14
'Blade Runner' Charged With Murder of Girlfriend
Label: Business Oscar Pistorius, the Olympic and Paralympic athlete known as the "blade runner," was taken into custody in South Africa today and charged with the murder of his girlfriend, who was fatally shot at his home.Police in the South African capital of Pretoria received a call around 3 a.m. Thursday that there had been a shooting at the home of 26-year-old Pistorius, Lt. Col. Katlego...
Feb
13
Charred Human Remains Found in Burned Cabin
Label: Business Investigators have located charred human remains in the burned out cabin where they believe suspected cop killer and ex-LAPD officer Christopher Dorner was holed up as the structure burned to the ground, police said.The human remains were found within the debris of the burned cabin and identification will be attempted through forensic means, the San Bernardino County Sheriff-Coroner...
Feb
12
Obama Calls N. Korea Nuke Test 'Highly Provocative'
Label: Business President Obama called North Korea's latest nuclear test "a highly provocative act" that undermines regional stability and threatens international peace.North Korea announced earlier today that it successfully tested a miniaturized nuclear device underground, according to state media.Official state media said the test was conducted in a safe manner and is aimed at coping with...
Feb
11
Vatican Says Pope Benedict Will Resign Feb. 28
Label: Business Pope Benedict XVI announced Monday that he would resign on Feb. 28 because he was simply too infirm to carry on — the first pontiff to do so in nearly 600 years. The decision sets the stage for a conclave to elect a new pope before the end of March.The 85-year-old pope announced his decision in Latin during a meeting of Vatican cardinals on Monday morning.He emphasized that...
Feb
09
Blizzard Drops 2 Feet of Snow on Northeast
Label: Business A behemoth storm packing hurricane-force wind gusts and blizzard conditions swept through the Northeast on Saturday, dumping more than 2 feet of snow on New England and knocking out power to 650,000 homes and businesses.More than 28 inches of snow had fallen on central Connecticut by early Saturday, and areas of southeastern Massachusetts, Rhode Island and New Hampshire notched...
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