Evening Edition is an Open Thread
From Yahoo News Top Stories |
1 Russia ‘grounds Soyuz rockets’ after space crash
By Stuart Williams, AFP
5 hrs ago
Russia on Thursday grounded its Soyuz rockets after a space ship carrying tonnes of cargo for the International Space Station (ISS) crashed into Siberia shortly after blast-off, officials said.
The failed launch of the unmanned Progress capsule on a Soyuz-U rocket was a spectacular blow for Russia which proudly became the sole nation capable of taking humans to the ISS after the July withdrawal of the US space shuttle. Emergency services blocked access to the site of the crash in the Altai region of Siberia, state television said, amid fears the space freighter could have dumped highly-toxic fuel in the area. |
2 Fighting rages in Tripoli as loyalitsts hold out
By Marc Bastian and Dominique Soguel, AFP
18 hrs ago
Rebels battled to gain full control of the Libyan capital as pockets of loyalists held out and speculation mounted as to the whereabouts of Moamer Kadhafi, despite a reward of $1.7 million for the elusive strongman, dead or alive.
Meanwhile diplomatic efforts were launched at the United Nations and in Qatar by backers of the insurgents to secure the unlocking of billions of dollars of Libyan assets for the rebels. Washington for its part said Libya’s stockpile of weapons of mass destruction had been secured and that it was confident the rebel National Transitional Council (NTC) could set up governing structures after overrunning Tripoli. |
3 Pakistan hotel bicycle bomb kills 11
AFP
2 hrs 7 mins ago
A powerful remote-controlled bicycle bomb exploded at a busy northwestern Pakistan hotel on Thursday, killing at least 11 people, wounding 14 and destroying the building.
The device went off in the evening as dozens of people were gathered after breaking the day’s fast. Like the rest of the Muslim world, Pakistan is observing the holy month of Ramadan, when the faithful fast from dawn to dusk. The bomb was planted on a bicycle parked in the front courtyard of the hotel in the town of Nowshera, police said. |
4 Book showing Ikea founder had deeper Nazi ties makes waves
By Nina Larson, AFP
56 mins ago
The founder of Ikea admitted long ago he foolishly flirted with Nazism in his youth, but a new book is making waves in Sweden with claims his ties to the fascist movement went much deeper than he has acknowledged.
Ingvar Kamprad, the 85-year-old Swedish billionaire who founded and still largely controls furniture giant Ikea, confessed in the 1990s that he had had links to the Nazi youth movement during World War II, when Sweden was neutral, describing it as the “greatest mistake of my life.” He has always described the decision as the “folly of youth,” but a book published this week by journalist Elisabeth Aasbrink quotes Kamprad in an interview last year still hailing the Swedish fascist leader Per Engdahl. |
5 Buffett to invest $5 billion in Bank of America
By Alexander Osipovich, AFP
3 hrs ago
Billionaire Warren Buffett threw a lifeline to Bank of America on Thursday, announcing he would invest $5 billion in the beleaguered US banking giant, a move that sent its stock price soaring.
“Bank of America is a strong, well-led company,” Buffett said in a statement released by BofA. “I am impressed with the profit-generating abilities of this franchise, and that they are acting aggressively to put their challenges behind them. |
6 Sex with cavemen gave humans an immune boost: study
By Kerry Sheridan, AFP
3 hrs ago
Sexual encounters with archaic humans like the Neanderthals produced children who inherited key genes that have helped modern humans fight illness and disease, said a US study published Thursday.
“The cross-breeding wasn’t just a random event that happened, it gave something useful to the gene pool of the modern human,” said Stanford University’s Peter Parham, senior author of the study in the journal Science. Equipped with knowledge of the genome of the Neanderthals and the Denisovans, of whom a tooth and a finger bone were discovered in a Russian cave last year, researchers scoured the data for hints of what genes crossed over. |
7 Senna in Belgian GP after Renault dump Heidfeld
AFP
6 hrs ago
Bruno Senna, the 27-year-old nephew of the late Ayrton Senna, will make his racing debut for Renault at this weekend’s Belgian Grand Prix – his first appearance in Formula One with a major team.
Senna, previously the team’s test and reserve driver, was promoted in a move that saw him oust experienced German Nick Heidfeld, a 34-year-old veteran of 183 Grands Prix and the outfit’s lead driver and leading points-scorer this season. Senna said his immediate future with Renault was guaranteed only for Belgium and the Italian Grand Prix at Monza next month. |
8 Hunted in Tripoli, Gaddafi hurls defiance
By Peter Graff and Ulf Laessing, Reuters
58 mins ago
TRIPOLI (Reuters) – Muammar Gaddafi taunted his Libyan enemies and their Western backers Thursday as rebel forces battled pockets of loyalists across Tripoli in an ever more urgent quest to find and silence the fugitive strongman.
Rumors of Gaddafi or his sons being cornered, even sighted, swirled among excitable rebel fighters engaged in heavy machinegun and rocket exchanges. But two days after his compound was overrun, hopes of a swift end to six months of war were still being frustrated by fierce rearguard actions. Western powers demanded Gaddafi’s surrender and worked to release frozen Libyan state funds, hoping to ease hardships and start reconstruction in the oil-rich state. But with loyalists holding out in the capital, in Gaddafi’s coastal home city and deep in the inland desert, violence could go on for some time, testing the ability of the government in waiting to keep order. |
9 Tripoli residents dodge gunbattles to buy food
By Ulf Laessing and Peter Graff, Reuters
1 hr 42 mins ago
TRIPOLI (Reuters) – Residents of the Libyan capital Thursday scrambled to find supplies, exploiting lulls in the battles still being fought in parts of the city to venture out of their homes and queue for bread.
Two days after rebels stormed the compound that was the seat of Muammar Gaddafi’s rule and forced him into hiding, most of Tripoli was free of violence but chaotic. But even in districts that had seemed calm, fierce gunfights broke out suddenly, underlining the fact the rebels’ grip on security in this city is still fragile. |
10 U.S. distances itself and NATO from Gaddafi manhunt
By Phil Stewart and Mark Hosenball, Reuters
1 hr 56 mins ago
WASHINGTON (Reuters) – The United States on Thursday distanced itself from efforts to hunt down Libyan leader Muammar Gaddafi, saying neither U.S. assets nor NATO forces were targeting the fugitive strongman.
Comments by Pentagon and State Department officials highlighted Washington’s sensitivity toward any perceived shift in NATO’s military mission in Libya toward direct involvement in regime change. NATO’s mission, as authorized by the United Nations, is to protect Libyan civilians — not take out Gaddafi, even as he becomes the focus of the apparent final chapter in the rebel overthrow of his regime. |
11 Looting, unrest as Chileans strike against Pinera
By Alexandra Ulmer and Antonio de la Jara, Reuters
1 hr 18 mins ago
SANTIAGO (Reuters) – Protesters battled police in Chile’s capital on Thursday, the second day of a two-day strike against unpopular President Sebastian Pinera that was marked by sporadic looting but had no impact on the vital mining sector.
Youths blocked roads, threw rocks and set fire to piles of trash at some intersections in Santiago and other cities to block traffic. Police used water cannon and tear gas to defuse the latest rash of social unrest against the conservative billionaire Pinera’s policies. The government said hundreds of people had been detained since Wednesday and several police officers badly wounded — two of them shot — as violence flared overnight when dozens of shops and supermarkets were looted and buses damaged. |
12 Mexico coffee farmers shelter from risk behind hedges
By Mica Rosenberg and Lorena Segura, Reuters
1 hr 37 mins ago
CUETZALAN, Mexico (Reuters) – For generations, indigenous coffee farmers in the lush mountains east of Mexico’s capital sold their beans to middlemen without understanding the workings of the international coffee market.
Now some of those same farmers, tired of falling victim to wild price swings, have taken the unique step of learning the complexities of derivatives trading to hedge their risk. Native Nahuatl speakers from more than 60 small villages growing coffee on tiny plots around the picturesque town of Cuetzalan pool their cash to buy options contracts to cover their production, around 6,900 60-kg bags of coffee a year. |
13 Tense market falls ahead of Bernanke speech
By Rodrigo Campos, Reuters
1 hr 9 mins ago
NEW YORK (Reuters) – U.S. stocks fell on Thursday as investors raised cash ahead of a critical speech from Fed Chairman Ben Bernanke, hoping he will give them a clearer picture of the Fed’s plans for the struggling economy.
Several negatives contributed to the market’s weakness after three days of gains. Jitters over a sharp drop in German stocks and a report showing continued U.S. job market weakness helped fuel the selling. Stocks rose earlier this week, partly on expectation the soft U.S. economy could trigger another round of monetary stimulus from the Federal Reserve, much like the one suggested by Bernanke at the same conference in Jackson Hole, Wyoming, a year ago. |
14 Analysis: Fed would get little bang from balance sheet tweak
By Jason Lange, Reuters
2 hrs 17 mins ago
WASHINGTON (Reuters) – Facing pressure to keep money printing in check, U.S. central bankers are mulling a modest approach to stimulus that would give the struggling economy only a tiny boost — if it helps at all.
After two rounds of bond purchases that have pumped $2.3 trillion into the banking system, the Federal Reserve could buy long-term Treasury debt while selling short-term securities it already holds. The idea, outlined by Bernanke in July, would be to lower long-term interest rates without increasing the money supply. That in theory could spur home purchases by lowering benchmark rates for mortgages. It could also make it cheaper for companies to borrow so they can buy more equipment. |
15 Harrisburg says "likely" to make September bond payment
By Edith Honan, Reuters
1 hr 57 mins ago
NEW YORK (Reuters) – Pennsylvania’s debt-laden capital of Harrisburg is struggling to finalize a deal with its parking authority that will let it make a $3.3 million bond payment next month, officials said on Thursday.
Harrisburg — a city of 50,000 about 100 miles west of Philadelphia — is one of a handful of U.S. cities and counties that have teetered toward economic collapse in the wake of the 2007-’09 recession. A news report on Thursday saying the city may miss a September 15 debt payment caused a brief sell-off in the stock market. |
16 Warren Buffett to invest $5 billion in Bank of America
By Ben Berkowitz and Joe Rauch, Reuters
39 mins ago
NEW YORK/CHARLOTTE, North Carolina (Reuters) – Warren Buffett will invest $5 billion in Bank of America Corp, stepping in to shore up the largest U.S. bank in the same way he helped prop up Goldman Sachs and General Electric during the financial crisis.
Bank of America shares rose nearly 26 percent at one point, but gave up most of those gains by early afternoon, closing 9.4 percent higher at $7.65. Trading was so heavy that, at one point midday Bank of America shares made up nearly 13 percent of the composite volume for the entire stock market. Buffett and Bank of America said he made an unsolicited call to the bank on Wednesday morning offering to make an investment. Buffett told CNBC the idea came to him while taking a bath and the deal was done in 24 hours. |
17 Investors who follow Buffett in BofA may be sorry
By Aaron Pressman, Reuters
16 mins ago
BOSTON (Reuters) – Following Warren Buffett is usually an easy way to make money, but in the case of the oracle’s investment in Bank of America Corp investors may find it a lot tougher.
Buffett is buying preferred shares with ample warrants thrown in as a sweetener– a deal not available to the general public. “Bank of America won’t sell them to Joe Blow. They only will sell them to a guy named Warren Buffett,” said Jeff Matthews, a fund manager in Greenwich, Connecticut and the author of the book “Secrets in Plain Sight: Business and Investing Secrets of Warren Buffett.” |
18 Analysis: Romney’s play-it-safe strategy at risk
By Ros Krasny, Reuters
1 hr 0 mins ago
BOSTON (Reuters) – Republican presidential hopeful Mitt Romney is running a disciplined campaign focused on slamming President Barack Obama and promoting his own skills, but pressure could mount for a more aggressive approach as his poll numbers worsen.
This week a trio of opinion surveys showed Romney trailing Texas Governor Rick Perry, who jumped into the 2012 race less than two weeks ago and generated a blaze of mostly favorable publicity. Romney, a former Massachusetts governor and venture capitalist, has been the nominal front-runner among Republicans so far, partly reflecting his name recognition after finishing second to John McCain in his 2008 run. |
19 Creepy-looking lubbers make short-lived splash in Southeast
By Kelli Dugan, Reuters
2 hrs 26 mins ago
MOBILE, Ala (Reuters) – They swarm. They eat. They die.
The average one-year life span of the eastern lubber might seem lackluster, but the distinctive black grasshopper relatives make quite a splash as they gorge their way in locust-like clouds across the Southeast. Marion Humphreys, 54, wasn’t prepared for what he witnessed on a recent Sunday in downtown Mobile, Alabama. |
20 Rebels lay siege to Gadhafi forces in Tripoli
By HADEEL AL-SHALCHI, PAUL SCHEMM, Associated Press
24 mins ago
TRIPOLI, Libya (AP) – A rebel onslaught Thursday on a neighborhood where snipers loyal to Moammar Gadhafi had holed up in residential buildings left bullet-riddled bodies in the streets, houses in flames and sewers running red with blood. Gadhafi, on the run with his regime in tatters, still tried to rally his followers to kill the rebels.
The battle for the Abu Salim neighborhood, which rebels appeared to have won by sundown, was part of their struggle to take complete control of Tripoli, four days after they swept into the capital and sparked the collapse of Gadhafi’s regime. Even though they have captured the leader’s compound and seized most of the city, the rebels know they cannot declare a full victory in the 6-month-old civil war as long as Gadhafi has not been captured or killed. There was no sign of the leader or his sons, despite rumors that swirled around the battlefield that they may be hiding inside some of the besieged buildings. |
21 Intense battles erupt near Gadhafi seized compound
By HADEEL AL-SHALCHI, PAUL SCHEMM, Associated Press
1 hr 54 mins ago
TRIPOLI, Libya (AP) – One thousand rebels bombarded buildings filled with regime fighters hiding amid civilians in a ferocious battle Thursday for Moammar Gadhafi’s last major stronghold in Tripoli. The Libyan leader, still in hiding, sent a new message calling on his supporters to kill the rebels.
The bullet-ridden bodies of three Gadhafi soldiers in military uniforms lay on the ground outside a fire station in the battle-scarred Abu-Salim neighborhood and a few bodies of rebel soldiers were wrapped in blankets nearby. The sewers ran red with blood. Deafening explosions of outgoing mortars and the whistle of sniper fire filled air clogged with smoke from burning buildings and weapons fire. A mother ran out of one the buildings under siege, screaming for first aid for her wounded son. Behind her, the building’s glass windows were shattered and black smoked poured out of a burning apartment. Amid the din, the call to prayer wafted out from neighborhood mosques. |
22 Sri Lanka proposes end of wartime emergency laws
By BHARATHA MALLAWARACHI, Associated Press
46 mins ago
COLOMBO, Sri Lanka (AP) – Sri Lanka’s president announced plans Thursday to lift wartime emergency laws that have curbed civil and political liberties for most of the past 30 years.
The country has been under intense international pressure to sweep away the draconian measures now that more than two years have passed since the government’s victory in its bitter civil war against separatist Tamil Tiger rebels. The emergency laws, which Parliament had extended every month, had allowed the government to detain suspects without trial, displace residents from their land and set up ubiquitious military checkpoints. |
23 Few think Bernanke speech will signal major action
By CHRISTOPHER S. RUGABER, AP Economics Writer
16 mins ago
WASHINGTON (AP) – Many on Wall Street hope Federal Reserve Chairman Ben Bernanke will unveil a new effort Friday to boost the economy in a highly anticipated speech in Jackson Hole, Wyoming.
Economists say a major new program is unlikely. But Bernanke will likely lay out the Fed’s options for lowering long-term interest rates even further. His speech comes at a pivotal moment for the U.S. economy. Growth has slowed. Stock prices have been gyrating. Europe is struggling to contain a spreading debt crisis. And analysts have been reducing their forecasts for growth this year and next. |
24 AP-GfK Poll: 87% in US disapprove of Congress
By JENNIFER AGIESTA, LAURIE KELLMAN, Associated Press
10 mins ago
WASHINGTON (AP) – Americans are angry at Congress in the aftermath of the debt crisis and Republicans could pay the greatest price, a new Associated Press-GfK poll suggests.
The poll finds conservative tea party activists, who favor shrinking government and lowering taxes, have lost support, Republican House leader John Boehner is increasingly unpopular and people are warming to the idea of not just cutting spending but also raising taxes – anathema to the Republicans – just as both parties prepare for another struggle with deficit reduction. To be sure, there is plenty of discontent to go around. The poll finds more people are down on their own member of Congress, not just the institution, an unusual finding in surveys and one bound to make incumbents particularly nervous ahead of next November’s elections. |
25 Romney sticks with strategy despite Perry’s surge
By CHARLES BABINGTON, Associated Press
1 hr 32 mins ago
EXETER, N.H. (AP) – Despite a new rival’s surge, Mitt Romney is campaigning as though he’s still the GOP presidential front-runner, focusing his criticisms on President Barack Obama, taking few risks and keeping most proposals vague enough to leave ample maneuvering room.
That may change soon, however, as events shift the contest to a higher gear. September will bring several GOP debates that will include Texas Gov. Rick Perry for the first time, as well as renewed attention to the question of how to create desperately needed jobs. The former Massachusetts governor may be pushed out of his comfort zone even sooner if Perry’s fast rise seems real and lasting. |
26 Boston church releases list of accused priests
By JAY LINDSAY, Associated Press
42 mins ago
BOSTON (AP) – Cardinal Sean O’Malley on Thursday released a long-awaited list of priests accused of child sex abuse in Boston in the last 60 years, but he opted not to include certain priests, including ones who died without being publicly charged.
In a letter, O’Malley said 248 of Boston’s priests and two deacons have been accused of child sex abuse since 1950. But he said he decided against releasing 91 of the names, including the deceased priests who weren’t publicly accused; those working in Boston under religious orders or other dioceses; and priests named in unsubstantiated accusations that never went public. Each of the 159 names published Thursday has been made public previously, though not necessarily by the archdiocese. They include still-active priests who were cleared of abuse after being publicly accused. |
27 NYPD confirms CIA officer works at department
By EILEEN SULLIVAN, Associated Press
1 hr 25 mins ago
WASHINGTON (AP) – New York’s police commissioner confirmed Thursday that a CIA officer is working out of police headquarters there, after an Associated Press investigation revealed an unusual partnership with the CIA that has blurred the line between foreign and domestic spying. But he and the CIA said the spy agency’s role at the department is an advisory one.
Speaking to reporters in New York, commissioner Raymond Kelly acknowledged that the Central Intelligence Agency trains NYPD officers on “trade craft issues,” meaning espionage techniques, and advises police about events happening overseas. Kelly also said he was unaware of any other U.S. police department with a similar relationship with the CIA. “They are involved in providing us with information, usually coming from perhaps overseas and providing it to us for, you know, just for our purposes,” Kelly said. |
28 AP IMPACT: Some 9/11 charities failed miserably
By BRETT J. BLACKLEDGE, DAVID B. CARUSO, The Associated Press
7 mins ago
NEW YORK (AP) – Americans eager to give after the 9/11 terrorist attacks poured $1.5 billion into hundreds of charities established to serve the victims, their families and their memories. But a decade later, an Associated Press investigation shows that many of those nonprofits have failed miserably.
There are those that spent huge sums on themselves, those that cannot account for the money they received, those that have few results to show for their spending and those that have yet to file required income tax returns. Yet many of the charities continue to raise money in the name of Sept. 11. One charity raised more than $700,000 for a giant memorial quilt, but there is no quilt. Another raised more than $4 million to help victims, but didn’t account publicly for how it spent all of the money. A third helps support a 9/11 flag sold by the founder’s for-profit company. |
29 Feds seek to set aside conviction in genocide case
By ROXANA HEGEMAN, Associated Press
9 mins ago
WICHITA, Kan. (AP) – Federal prosecutors asked a judge Thursday to dismiss all charges against a Kansas man convicted of lying to U.S. immigration officials about his whereabouts during the 1994 Rwandan mass killings, ending a case that was the first in the nation to require proof of genocide.
Prosecutors asked U.S. District Judge Monti Belot to set aside Lazare Kobagaya’s visa fraud conviction and dismiss a charge of lying during his citizenship application. Jurors earlier this year found that Kobagaya, 84, of Topeka lied on immigration forms about where he was at the time of the genocide, but said the government did not prove he took part in the atrocities. They hung on the second count related to lying on his citizenship application. In their motion, prosecutors said that they have identified a potential issue with the jury instructions and witness information that likely would warrant a new trial even on the single count for which Kobagaya was convicted. |
30 Grandparents play a bigger role in child-rearing
By HOPE YEN, Associated Press
18 mins ago
WASHINGTON (AP) – America is swiftly becoming a granny state. Less frail and more involved, today’s grandparents are shunning retirement homes and stepping in more than ever to raise grandchildren while young adults struggle in the poor economy.
The newer grandparents are mainly baby boomers who are still working, with greater disposable income. Now making up 1 in 4 adults, grandparents are growing at twice the rate of the overall population and sticking close to family – if their grandkids aren’t already living with them. Grandparents in recent decades have often filled in for absent parents who were ill or battled addiction, or were sent to prison. The latest trend of grandparent involvement, reflected in census figures released Thursday, is now being driven also by the economy and the graying U.S. population, including the 78 million boomers born between 1946 and 1964 who began turning 65 this year. |
31 Report: NASA made proper pick for retired shuttles
By SETH BORENSTEIN, AP Science Writer
26 mins ago
WASHINGTON (AP) – NASA acted properly when it picked new homes for the retired space shuttles, the space agency’s watchdog said Thursday.
The shuttles were awarded in April to museums in suburban Washington, Los Angeles, Cape Canaveral, Fla., and New York, based on recommendations by a special NASA team and a decision by NASA Administrator Charles Bolden, a former shuttle commander. Congressional and local officials for two of the losing cities – Houston and Dayton – had asked for an investigation, alleging political influences in the bidding process. |
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