New York - Stock indexes closed lower Thursday, a third straight decline, after U.S. retailers issued weak forecasts for earnings and more people filed claims for unemployment benefits. Wal-Mart, Ross Stores and Limited Brands, the owner of Victoria´s Secret, all fell after issuing forecasts that disappointed financial analysts. Wal-Mart fell $2.59, or 3.6 percent, to $68.72. The Dow Jones industrial average wavered between small gains and losses shortly after the opening bell, then moved lower at midmorning. It closed down 28.57 points at 12,542.38. The Standard & Poor´s 500 index
President Obama praised the resilient New York attitude and the efforts of rescue workers during his talk after touring areas of Queens and Staten Island that were ravaged by Hurricane Sandy.‘I´m very proud of you, New York. You guys are tough you bounce back,’ he said while visiting New Dorp Beach in Staten Island. After a brief helicopter tour of Queens- passing over particularly devastated areas like Rockaway Beach and Breezy Point- they arrived in Staten Island where they examined the damage by foot.
President Obama, touring parts of New York City slammed by Hurricane Sandy, was chided by a girl for ignoring the disaster. As the president waded through a supply center, a girl who was waiting for goods told a reporter, "We need help--he should of been here a long time ago," according to the White House pool report. Obama has received little criticism for the federal government´s handling of the disaster which is still crippling areas of New York where many families remain homeless or without power. Read the pool report:
David Petraeus´ resignation was not linked to the September attack that killed four Americans in Benghazi, Libya, and he never passed classified information to the woman he was having an affair with, the former CIA director told an HLN journalist. Petraeus, in conversations with HLN´s Kyra Phillips, confirmed to her what his supporters have been saying about the ongoing scandal. "In our first conversation," Phillips said Thursday, Petraeus "had told me he had engaged in something dishonorable. He sought to do the honorable thing in response - and that was to come forward.
Lawrence O’Donnell took on senators John McCain and Lindsay Graham tonight over what he deemed their brand-new standards for how to decide whether or not to support someone for a Cabinet position, and found their opposition to U.N. ambassador Susan Rice as the possible next secretary of state not only hypocritical, but McCarthy-like in rhetoric. (Snip) O’Donnell boiled the two senators criteria down to one simple fact: anyone but Rice. McCain and Graham both said that they would not support her nomination because she went on television and misrepresented the facts on the Benghazi attacks.
You can say what you want about Tim Tebow, and everyone sure does. But he deserves better than this, deserves better than having to endure cowardly lions, the kings of least, inside the Rex Ryan Zoo, growling and clawing at him. He deserves better than to have anonymous potshots taken at him by characters who have no character, deserves better than to have his pristine chapel overrun by a team that leads the league only in finger-pointing and dysfunction. He should get the hell out, ask for a trade at the end of the Jets season,
An estimated 7 million Americans will reach the age of 65 by the start of 2013, and many will no doubt be thinking about retiring. But even if falling off the "fiscal cliff´ is avoided, some financial experts are warning anyone thinking about trading in their paycheck for a retirement fund next year. "It´s kind of a perfect storm in 2013 when you think about it," said Jason Wheeler, CEO of Pathfinder Wealth Consulting. "With questions about taxes, spending cuts, the markets, health care-and then put those together with the number of seniors wanting to retire Headline split by staff.
I met with my “intelligence insider” source yesterday, but the discussion was not about Benghazi or foreign affairs. He told me that he wanted to talk about something even more important right now, something that the federal government does not want us to talk about. Something that is shaking the “elite” to their very cores. Naturally, that certainly got my attention, as it should yours. We walked along a dirt pathway in the middle of nowhere, far away from prying eyes and ears, at least the ones we could see.
Socialite Jill Kelley tried to cash in on her ´honorary consul´ title by asking for $80m for her help in putting together an energy deal. She asked for two per cent of a multi-billion deal being considered by an alternative energy company called TransGas Development Systems. Kelley, 37, was even flown to New York by the company so she could learn more about the business. But according to company president Adam Victor he realised she didn´t have a clue about commercial deals when she asked for the eight figure sum for brokering any deal.
Sen. Patty Murray (D-Wash.) confirmed Thursday that she will seek the chairmanship of the Senate Budget Committee next year but told The Hill that she cannot commit to doing a budget. This opens up the possibility that Senate Democrats will avoiding passing a budget resolution for the fourth year in a row. The last time the Senate passed a standalone budget resolution was in 2009. This past year, Senate Majority Leader Harry Reid (D-Nev.) said a budget was not necessary because the top-line spending number for appropriations was set in the August 2011 debt-ceiling deal.
Don´t pick on the little lady. Wednesday, President Obama bizarrely cast the U.N. Ambassador to the United Nations, Susan Rice, as some delicate flower the boys should stop picking on for her dissembling claims on five Sunday talk shows following the killing of 4 Americans in Benghazi. But, there is no damsel in distress and Obama´s paternalistic bravado in defense of a top administration official is going to come back to haunt him. "If Sen. McCain and Sen. Graham and others want to go after somebody, they should go after me," Obama intoned
The head of the Maine Republican Party claims that “hundreds” of unfamiliar black voters may have cast fraudulent ballots in his state on Election Day. “In some parts of rural Maine, there were dozens, dozens of black people who came in and voted on Election Day,” Charlie Webster told Portland’s NBC affiliate WCSH-TV on Wednesday. “Everybody has a right to vote, but nobody in town knows anyone who’s black,” Webster said. “How did that happen? I don’t know. We’re going to find out." Webster later doubled down on that claim in an interview with The Portland Press Herald,
NEW ORLEANS -Two BP employees have been indicted on manslaughter charges in the 2010 Gulf oil spill disaster. The federal indictment unsealed Thursday in New Orleans names BP well site leaders Robert Kaluza and Donald Vidrine. The indictment claims they acted negligently in their supervision of key safety tests performed on the Deepwater Horizon drilling rig before an explosion killed 11 workers in April 2010. The indictment says Kaluza and Vidrine failed to phone engineers onshore to alert them of problems in the drilling operation. Also Thursday, David Rainey, who was BP´s vice president of exploration
President Obama arrived in New York on Thursday to tour neighborhoods battered by Hurricane Sandy and to promise federal assistance to those whose lives were forever changed by the killer storm. Obama landed at Kennedy Airport at 11:29 a.m. and was greeted by Gov. Cuomo, Mayor Bloomberg and Sens. Charles Schumer and Kirsten Gillibrand. They boarded Marine One for an aerial inspection of some of the low-lying areas of Queens and Brooklyn that were pummeled by last month´s historic storm. The President is then expected to visit a Federal Emergency Management Agency relief center
On Operation Pillar of Defense’s second day, rocket fire is bringing life in southern and central Israel to a standstill while the IDF inflicts heavy blows on Gaza terror groups. The Times of Israel is live-blogging. Press refresh for latest updates. The Israeli Air Force has launched a number of airstrikes against targets in the Gaza Strip. Sources in Gaza report via Twitter as many as eight or nine large explosions. A Channel 2 correspondent located just outside the Gaza Strip says some of the fireballs were visible from his location.
Barely one day into the fighting in Hamas-run Gaza, the locals are hard at work playing the victim for the world´s press. Footage from the BBC captured by watchdog group Honest Reporting shows a heavy man lying on the ground and being carried away by residents, apparently after being injured by an Israeli attack. Moments later, that same man again fills the frame, except he is walking about and obviously unhurt. The widespread staging of such victim situations is a favored tactic of Arabs fighting Israel and has come to be known as "Pallywood."
You´ve heard the old adage that sex sells. But as we´re recognizing more and more often, sex wins elections. Here´s the brutal truth: the American people seem far more interested in what happens in the bedroom than they do what happens on the battlefield. How else to explain the media´s fascination with CIA Director David Petraeus´ steamy sex scandal, even as they ignore the ramifications for the investigation of four murdered Americans in Benghazi, Libya? Two days after President Obama won re-election, Petraeus submitted his resignation letter to Obama, supposedly over an affair with biographer
The venerated Gallup Poll took a beating this year for being such an outlier in its predictions of who would win the presidency, and the New York Times’s Nate Silver has now served up further evidence that the firm has lost its mojo. Silver analyzed the results obtained by about two dozen top polling firms that ran multiple surveys in the last three weeks of the campaign and then ranked the pollsters based on their accuracy: Gallup came in dead last, with an average error of 7.2 points compared to the actual results.
Urging his fellow lawmakers not to let Thursday’s hearing on Benghazi to “devolve into a political spectacle,” Rep. Eliot Engel (D-N.Y.) said President Obama isn’t responsible for the terror attack on the U.S. consulate and CIA annex. “You know Barack Obama was no more responsible for what happened in Benghazi than George Bush was for September 11th or than Ronald Reagan was with the blowing up of the U.S. Marines in Beirut.” Engel, a member of the House Foreign Affairs Committee noted that the election is over -- and
A report in the Chinese state-run Xinhua outlet claims that President Barack Obama congratulated Xi Jinping on his "election" to be the top Communist in China. Jinping will be the next president of China, and now controls the Chinese military. "I recall your successful visit to the United States last February, and the positive and constructive discussions we had about the future of U.S.-China relations," Obama reportedly told the Chinese Communist chief. "I look forward to working with you in the years ahead to continue building a cooperative partnership that benefits both of
Cardinal Timothy Dolan, president of the U.S. Conference of Catholic Bishops, says the Roman Catholic Church will continue to resist the Obama administration requirement that religiously affiliated hospitals, charities and colleges provide health insurance covering sterilization, contraception and abortifacients. “The only thing we’re certainly prepared to do is not give in -- not violate our consciences and not obey what we consider to be something immoral,” Dolan said at a news conference in Maryland on Tuesday. “That we’re committed on.” “We took a bit of a breather as we waited for Election Day because the results of Election
Sen. Dianne Feinstein (D-Calif.) has shown a renewed post-election feistiness over the scandal swirling around former CIA Director David Petraeus that could translate to holding the administration accountable for this and the Benghazi scandal. Freshly re-elected to another six-year term and pushing 80 years old, Feinstein would have little to lose by not doing the White House’s bidding — pressure that was evident when she backed off from claims that the executive branch was leaking sensitive information. “I think the White House has to understand that some of this is coming from their ranks,” Feinstein said in an address at the
Candidate Obama promised transparency. President Obama talks as if he has delivered it. People paying close attention know he hasn’t. Mike Riggs at Reason magazine lays out Obama’s pattern of secrecy, especially with regard to national security. The meat of Riggs’ article: While the Obama administration invested big money in redesigning old government websites and launching flashy new ones such as recovery.gov and federalregister.gov, it continued to behave like its predecessor on transparency issues of consequence. In the first year of Obama’s presidency, the Federal Reserve and the U.S. Treasury were sued by Bloomberg News, Fox News, and
Just a week after the re-election of Barack Hussein Obama II as, unaccountably, president of the United States, the full extent of the looming disaster is beginning to dawn on the American people. Forget the looming fiscal cliff, the Senate majority leader’s irresponsible decision to exclude the soon-to-be-bankrupt Social Security system from any budget agreement, the retention of the corrupt Eric Holder as attorney general, or the bruited nominations of the inept Susan Rice as secretary of State, the arrogant John Kerry as secretary of Defense, and the incompetent John Brennan as the new director of the
The central figures in the David Petraeus sex scandal are not talking. That includes Virginia Congressman and House Majority Leader Eric Cantor. Yet, the decision by this top Republican to turn to the FBI rather than his colleagues in the House with inside information about the scandal has proven to be monumental, a development that enabled Barack Obama to win the presidency without getting tainted by the allegations of immorality and corruption that are now the subject of daily news reports. The record shows that Cantor had knowledge of the affair from an FBI whistleblower
TAMPA — Mark Rosenthal remembers the first time he saw Jill Kelley and her identical twin in action. It was at a dinner party at then-Gen. David Petraeus´ house, and he was appalled. "They took over the whole conversation," he said. While the man responsible for overseeing two wars nodded politely, Kelley and her sister, Natalie Khawam, talked nonstop about shopping and traveling. "To me it was out of line." Rosenthal, a retired developer, was a civilian liaison to military leaders at MacDill Air Force Base. It´s the same unofficial job that Kelley performed until she triggered