Daily News Updates

A Federal Judge In Virginia Declares That The Requirement To Purchase Health Insurance In Obamacare Is Unconstitutional

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The latest headlines from The Most Important News….

A federal judge in Virginia has struck down the Obama administration’s requirement that all Americans buy health insurance, a key provision in the landmark health care bill that Obama signed in March.

 

Top Democrats are predicting that Obama’s tax deal with the Republicans will have smooth sailing in the Senate.

Moody’s warned Monday that it could move a step closer to cutting the U.S. Aaa rating if President Obama’s tax and unemployment benefit package becomes law.

North Korea warned Monday that U.S.-South Korean cooperation could bring a nuclear war to the region, as the South began artillery drills amid lingering tension nearly three weeks after the North’s deadly shelling of a South Korean island.

The former chief of US intelligence has warned that South Korea has lost its patience with provocations by North Korea and “will be taking military action.”

Japanese Prime Minister Naoto Kan raised hackles in Korea on Saturday by saying Tokyo will consider dispatching troops there to rescue Japanese citizens in case of an emergency.

North Korea said over the weekend that it is prepared for escalation of inter-Korean tension into “all-out war.”

Russia delivered at least 1,800 shoulder-fired antiaircraft missiles to Venezuela in 2009, U.N. arms control data show, despite vigorous U.S. efforts to stop President Hugo Chavez’s stridently anti-American government from acquiring the weapons.

The 10-year Treasury note yield—seen as the benchmark both for government securities and lending rates—reached six-month highs Monday before pulling back, and the trend appears solidly skewed to the upside.

U.S. Treasuries last week suffered their biggest two-day sell-off since the collapse of Lehman Brothers in September 2008.

The federal budget deficit rose to $150.4 billion last month, the largest November gap on record.

Bloomberg is reporting that the Federal Reserve gave more support to the world’s biggest financial companies, including Barclays Plc, Citigroup Inc. and Royal Bank of Scotland Plc, than the direct loans it disclosed this month in response to congressional mandates.

Today, there are over 6 million Americans that have been unemployed for half a year or longer.

In a futile attempt to stave off the inevitable one last time, Mayor Bing’s latest plan is to cutoff city services including road repairs, police patrols, street lights, and garbage collection in 20% of Detroit.

Strapped for cash, a growing number of municipalities in the U.S. have begun charging for responding to accidents — services that have long been covered by taxpayers.

Barack Obama signed a sweeping overhaul of child nutrition standards Monday, enacting a law meant to encourage better eating habits in part by giving the federal government more authority to set standards for food sold in vending machines and elsewhere on school grounds.

It turns out that two agonizing years for the U.S. economy have been some of the best years on record for Wall Street.

The New York Times has just published an article entitled “A Secretive Banking Elite Rules Trading in Derivatives“.

Does the Federal Reserve now spend even more money than the U.S. Congress does?

The European Central Bank is considering requesting an increase in its capital from euro zone member states.

Is the municipal bond market about to crash?

Millions of older Americans are working later in life due to the recession, according to a new survey by the Chicago Federal Reserve Bank.

10.8 million, or 22.5 percent, of all residential properties with mortgages in the United States were in negative equity at the end of the third quarter of 2010.

J.D. Butler was on his death bed when JPMorgan Chase invaded his home, according to his daughter, who said the intrusion left the waterfront home in shambles.

John Williams of Shadow Stats says that we could see the first signs of hyperinflation in 2011.

More than half of all UK households are struggling to repay credit cards and loans, a Bank of England survey suggested today.

A very serious shortage of rare earth elements is looming on the horizon.

According to an absolutely stunning new poll, 40 percent of all U.S. doctors plan to bail out of the profession over the next three years.

Standard and Poor’s has replaced the New York Times with the growing Internet movie retailer Netflix on the S&P 500, the economic index made up of the economy’s most powerful publicly traded companies.

More than 500 suspected Taliban fighters detained by U.S. forces have been released from custody at the urging of Afghan government officials, angering both American troops and some Afghans who oppose the policy on the grounds that many of those released return to the battlefield to kill NATO soldiers and Afghan civilians.

War-torn Afghanistan lacks basic national infrastructure, yet on Sunday the government unveiled plans for a $100 million electronic identification system with cards to be issued to all Afghans within five years.

Texas Congressman Ron Paul has raised the hopes of his supporters by suggesting that a 2012 presidential run is still a distinct possibility.

Republican National Committee Chairman Michael Steele has organized a private conference call with fellow committee members for Monday night in which he could announce whether he plans to seek a second term.

Close on the heels of the news that Indian Ambassador Meera Shankar was subjected to a ‘pat-down’ search, another incident of a top Indian diplomat being subjected to a pat-down search at Houston Airport has come to light.

American journalism is in “grave peril,” FCC Commissioner Michael Copps says, and to bolster “traditional media,” he said the Federal Communications Commission should conduct a “public value test” of every commercial broadcast station at relicensing time.

Will “the Espionage Act” end up making criminals of us all?

There are numerous reports circulating that Canada and the U.S. are secretly negotiating a security and trade deal which could be signed as early as January 2011.

The swine flu virus that swept the world last year causing a global health emergency has returned to claim the lives of 10 adults in the UK in the past six weeks.

A remarkable study published in the Cochrane Libary found no evidence of benefit for influenza vaccinations.

A father of two was recently harassed and investigated by Child Protective Services and police for feeding his daughters organic food, refusing to make them drink fluoride-poisoned tap water and not having them injected with mercury-laden vaccines.

A new report published in the journal Health Affairs says the U.S. has dropped to 49th place in overall life expectancy among the nations of the world.

It might sound like science fiction, but some scientists say that growing new organs from scratch has already become reality.

Back in October, UNESCO’s International Bioethics Committee published a report suggesting a fresh look at the 2005 UN Declaration against all human cloning, as well as encouraging a change in cloning terminology to sanitize the production of cloned human embryos to make it more acceptable.

While there have been a few high temperature records in the desert southwest and western Oregon, the majority of weather records in the USA this week have been for cold, snowfall, or rainfall.

It is being projected that extreme cold temperatures could kill 35,000 people in the UK this winter.

Israel’s water crisis is rapidly getting worse.

If you look at the values and the historical record, you will see that the Founding Fathers never intended guns to go unregulated, Supreme Court Justice Stephen Breyer contended on Sunday.

Henry Kissinger is heard saying the genocide of Soviet Jews would not be an American problem on newly released tapes chronicling President Nixon’s obsession with disparaging Jews and other minorities.

German finance minister Wolfgang Schaeuble has said his country is willing to discuss greater harmonisation of eurozone tax policy, adding that the next decade is likely to see Europe take significant steps towards closer political union.

In 2010, U.S. airlines have raked in more than $4.3 billion in bag and change fees.

A deer hunter in the U.S. has posted a video of something that looks like it is straight out of a science fiction movie.

The giant inflatable roof above the Minneapolis Metrodome collapsed the other day under the weight of a massive snowstorm that swept across the upper Midwest.

A 3-month-old girl was found hanging upside down in her car seat after being involved in a police chase that left the driver of the car dead, Texas police said Monday.

Lastly, researchers from the Universitat Autonoma de Barcelona in Spain have just finished testing a method for imprinting microscopic bar codes on mouse embryos — a procedure they plan to test soon on humans.

 

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