Israeli Elections: Livni Ahead, but Not Enough to Form Government

February 11, 2009

A close election, with no clear mandate, no matter which center-right party walks away with it, for tea with the Palestinians. Their best shot is to have Livni end up at the head of a bloc with Likud and Yisrael Beitenu that somehow plays a softer line than the alternative.

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Loose Twits Sink Shifts

February 10, 2009

A well-connected source in Virginia tells me that at least one Democratic state senator is leaving the party’s caucus . . . “Not sure yet if he’s going Republican or Independent.” This is significant because the Democrats currently have a 21 to 19 majority; a switch could give Republicans control of the chamber, because the […]

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Tech Layoffs Scorecard

February 10, 2009

With the overall economy slumping, the tech industry is taking its fair share of hits. We’ll keep updating the chart below as news of company changes comes in. See our complete coverage of how the tech sector is faring here: Tracking the tech downturn.

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Salazar Rejects Offshore Drilling

February 10, 2009

WASHINGTON (AP) – Interior Secretary Ken Salazar has rejected a Bush administration plan to open vast waters off the Pacific and Atlantic coasts to oil and gas drilling, promising “a new way forward” in offshore energy development including new wind projects.

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Israeli Exit Polls: Livni Leads But Not By Enough

February 10, 2009

If the exit polls are correct, the right-wing bloc, led by Likud leader Benjamin Netanyahu, will comprise 63-64 seats, while the center-left bloc, headed by Livni, will take 56-57 seats. This means that a win in the polls does not necessarily mean that the next government will have a center-left bent.

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Geithner's Plan Falls Flat

February 10, 2009

NEW YORK (Fortune) — Treasury Secretary Tim Geithner failed Tuesday to persuade Wall Street that he will succeed where his predecessor Henry Paulson failed.

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House v. Senate Versions of StimPack

February 10, 2009

If all goes as expected today, the Senate will pass an $838 billion economic stimulus plan that follows a compromise reached over the weekend. But before the package can go to President Obama’s desk, the Senate will have to resolve differences with the House and its $819 billion version. Most predict a bruising battle that […]

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Brown, Phelps: How Star Endorsements Backfire

February 10, 2009

This hasn’t been a good week for the celebrity product hawking industry. First there was Michael Phelps and the case of the bubbling bong. Now the brand called Chris Brown is under fire after allegations that the suave R&B singer Chris Brown left bruises on his girlfriend pop singer Rihanna Sunday night before the Grammys.

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Tejada Charged With Lying to Congress About Steroids

February 10, 2009

Houston Astros shortstop Miguel Tejada was charged Tuesday with making false statements to congressional investigators when he denied having knowledge of other players using performance-enhancing drugs.

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Obama Pushes Stimulus in Fort Myers Town Hall

February 10, 2009

President Obama took his pitch for an $838 billion economic stimulus plan to conservative southwest Florida on Tuesday, making a campaign-style pitch to a region hit hard by the current recession. “We can’t wait and see and hope for the best. I believe in hope, but I also believe in action,” Obama said. “We can’t […]

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