Calif. insurance commissioner says sale of workers’ compensation business unlawful; he’ll sueSACRAMENTO, Calif. — California’s insurance commissioner says he plans to sue Gov. Arnold Schwarzenegger’s administration over plans to sell part of the state workers’ compensation insurer for $1 billion. Business group suspends ads attacking health care effort following Sen. Kennedy’s deathWASHINGTON — The U.S. Chamber of Commerce said Thursday it is temporarily suspending its television ads that attack the Democratic health care effort, becoming the second opponent of the effort to do so since Sen. Edward M. Kennedy’s death. Schwarzenegger says Assembly members ‘don’t have the guts’ to enact prison reformSACRAMENTO, Calif. — Gov. Arnold Schwarzenegger blasted members of the state Assembly Wednesday for lacking “the guts” to enact sweeping changes to California sentencing laws, hours before the Assembly again postponed a vote on prisons. Calif. prison spending doubles over past decade, raising alarms about other state servicesSACRAMENTO, Calif. — California devotes 10 percent of its operating budget to locking up criminals in state prisons, one of the highest rates in the nation and an amount that is becoming a drag on the state’s ability to deliver other services. Rain deficits in India narrows by three percentNEW DELHI - The rain deficit in India has narrowed to 26 from 29 percent earlier after a “significant improvement” in monsoon activity in the past week, the Met Department said Friday. Calif. Assembly balks at governor’s plan to release inmates early as way to save cashSACRAMENTO, Calif. — California Assembly Speaker Karen Bass plans to strip the most controversial provisions from a Senate-approved plan that would have trimmed the state’s prison population by 27,000 inmates. Obama tells talk radio caller ‘I guarantee’ health care overhaul will be approved by CongressWASHINGTON — President Barack Obama guaranteed Thursday that his health care overhaul will win approval and said any bill he signs will have to reduce rapidly rising costs, protect consumers from insurance abuses and provide affordable choices to the uninsured — while not adding to the federal deficit. Cabinet approves relaxation of borrowing normsNEW DELHI - The Union Cabinet today approved the relaxation of the Debt Consolidation and Relief Facility (DCRF) guidelines, to enable the States to borrow upto four percent of their respective Gross State Domestic Product (GSDP) during 2009-10. AP source: White House projects lower federal deficit by eliminating extra bank rescue fundsWASHINGTON — The federal budget picture will look slightly better next week. Relatively speaking. Battling $300M deficit keeps ex-NBA star Dave Bing busy in 1st 100 days as Detroit mayorDETROIT — Dave Bing is aware of what waits for him each morning as he strolls into Detroit City Hall. World Bank to lend $330 mn to HaryanaNEW DELHI - The World Bank Monday said it will give a loan of $330 million to Haryana to strengthen the power transmission and distribution system in the state. Foreign demand for US financial assets rebounds in June, but China trims its holdingsWASHINGTON — Foreign demand for long-term U.S. financial assets rebounded in June even though China and Russia trimmed their holdings. Union, management of San Francisco-area rail system reach deal to avert Monday transit strikeOAKLAND, Calif. — A commuter rail strike that threatened to cripple the San Francisco Bay Area was averted Sunday as management and a union reached an agreement hours before the strike deadline, officials said. Labor deal reached in threatened transit strike, SF mayor says.OAKLAND, Calif. — Officials say a tentative agreement was reached in a labor dispute that threatened a crippling commuter train strike in San Francisco. It isn’t perfect but it’s ours: Britons defend public health care after US attacksLONDON — Britons love to mock their National Health Service — just don’t let anyone else poke fun at it. Ireland suffers sharpest fall in prices since 1933; prices fall 5.9 percent over past yearLONDON — Ireland saw a 5.9 percent drop in prices over the past year, the sharpest fall since 1933, the government’s Central Statistics Office reported Thursday. MOUNTAIN OF DEBT: After health care, an even rowdier debate lies ahead over Social SecurityWASHINGTON — As Congress agonizes over health care, an even more daunting and dangerous challenge is bearing down: how to shore up Social Security to keep it from burying the nation ever deeper in debt. Stocks jump as investors await Fed announcement; bounce follows biggest drop in 5 weeksNEW YORK — Investors seized on a buying opportunity Wednesday, picking up bargain stocks after a big pullback. Stock futures little changed ahead of Fed announcement, following biggest loss in 5 weeksNEW YORK — Stock futures were little changed Wednesday ahead of the Federal Reserve’s interest rate announcement, and a day after the market posted its biggest losses in five weeks. Analysis: Push to overhaul health care is long-running story with an uncertain endingCHAPEL HILL, N.C. — President Barack Obama’s campaign for a health care overhaul is an intense installment in a long-running story, dating to Theodore Roosevelt in 1912. Before friendly town hall, Obama takes on health care critics, says they create boogeymenPORTSMOUTH, N.H. — Braced for a fight he never got, President Barack Obama went on the offensive in support of his health care plan Tuesday, urging a town hall audience not to listen to those who seek to “scare and mislead the American people.” Obama goes on offensive in support of health care plan, saying critics using ’scare tactics’PORTSMOUTH, N.H. — Braced for a fight he never got, President Barack Obama went on the offensive in support of his health care plan Tuesday, urging a town hall audience not to listen to those who seek to “scare and mislead the American people.” Before friendly town hall, Obama takes on outside health critics, says they create boogeymenPORTSMOUTH, N.H. — Hoping to blunt the momentum of critics, President Barack Obama went on the offensive in support of his health care plan Tuesday, urging the country not to listen to those who seek to “scare and mislead the American people.” Former sheriff pledges to restore order to Detroit streets as new police chiefDETROIT —Warren Evans once thought he might tame scandal-plagued Detroit City Hall as mayor. As the new police chief, he’s focused on bringing order to streets he has called the “wild, wild West.” Democratic leader says he will sue Schwarzenegger over line-item budget vetoesSACRAMENTO, Calif. — One of California’s top lawmakers said Friday he will file a lawsuit next week against Gov. Arnold Schwarzenegger over what he considers illegal vetoes of funding for social service programs. California budget crisis weakens world-renowned higher ed system, threatens economic recoverySAN FRANCISCO — When California college students return to campus this fall, they’ll find crowded classrooms, less access to faculty and counselors, fewer campus services and more difficulty getting classes they need to graduate — all while paying higher fees. Detroit school audits find $2.1 million health insurance waste, mothballed motorcycle fleetDETROIT — Audits of Detroit schools are finding widespread waste in the deficit-ridden district. Treasury to auction a record $75 billion in notes, bonds to deal with soaring government debtWASHINGTON — The Treasury Department on Wednesday said it will raise a record $75 billion in a series of auctions next week to help deal with the government’s soaring debt. Analysis: Obama’s options to pay for health overhaul limited by promise of no middle-class taxWASHINGTON — President Barack Obama is struggling to find a way to pay for an overhaul of the nation’s health care system without violating his campaign promise not to raise taxes on the middle class. India’s merchandise exports plunge by 27.7 percent in June, 9th month of deep declinesMUMBAI, India — India’s merchandise exports fell by more than a quarter in June, the Ministry of Commerce said Monday, marking the nation’s ninth month of steeply declining trade. |
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