Archive for February 21st, 2010

Governors brace for more economic turmoil (AP)

On the recession’s front lines, governors are struggling to chart the road ahead for states staggered by unrelenting joblessness and cut-to-the-bone budgets even as Washington reports signs of economic growth.

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First lady to governors: ‘Let’s act’ on obesity (AP)

First lady Michelle Obama appealed to governors on Saturday for help in reducing child obesity and said they had a moral and financial imperative to act.

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Up to 25 billion euros in aid mulled for Greece: report (Reuters)

Germany’s finance ministry has sketched out a plan in which countries using the euro currency will provide aid worth between 20 billion and 25 billion euros for Greece, a magazine reported on Saturday.

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Getting back lost jobs could take 5-plus years (AP)

Job creation is stuck on an uphill treadmill. So many jobs have been lost that the U.S. must run hard just to keep from losing more ground. Despite the election-year emphasis on job creation by both parties, the short-term outlook is bleak.

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Official: FBI probing Pa. school webcam spy case (AP)

A Pennsylvania school district accused of secretly switching on laptop computer webcams inside students’ homes is under investigation by federal authorities, a law enforcement official with knowledge of the case told The Associated Press.

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Greece’s woes scared countries into action: Finland (Reuters)

Greece’s financial problems have scared other government into taking action to strengthen their finances, and any talk of a “chain reaction” affecting other countries should be avoided, Finland said on Saturday.

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Cities vying to host next America’s Cup (AP)

The courtship of billionaire Larry Ellison began almost as soon as his space-age trimaran sailed to victory in the 33rd America’s Cup.

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Crude oil settles higher Friday on French refiners strike (CNNMoney.com)

Oil prices rebounded Friday on supply concern following strikes at French refineries, and after a report showed a dip in U.S. inflation.

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Banks in Calif., Ill., Fla., Texas are shut down (AP)

Regulators shut four banks from California to Florida on Friday, boosting to 20 the number of U.S. bank failures this year following the 140 closures last year in the worst financial climate in decades.

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Facing budget crisis LA mayor to shutter agencies (AP)

Mayor Antonio Villaraigosa on Friday forecast a long season of painful budget cuts that will shutter city departments, force layoffs and potentially slash salaries for police, firefighters and other city workers.

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