Hurricane Issac 2012 Downgraded To Tropical Storm; 725,000 In 5 States Lose Power; New Orleans Levees HoldHurricane Isaac was downgraded Wednesday to a tropical storm but continued to hover over Louisiana with heavy rains and damaging winds. The storm, which was a category one hurricane for 24 hours, has since sustained weakened winds of 75 mph, the National Hurricane Center reported.
- A former SEAL Team 6 member has written a book about al Qaida leader Osama bin Laden's death, contradicting the administration's account of what happened at the Pakistani compound last year.
- With a forceful speech that touted his legislative accomplishments, it seems clear that Christie is gunning for a presidential run next time around.
- Brent crude oil slipped to $112 on Wednesday as Hurricane Isaac, which hit land in Louisiana, left U.S. Gulf Coast oil production facilities without significant damage. U.S. energy companies have shut most facilities in the Gulf of Mexico, as a precautionary measure, cutting the region's oil output by more than 90 percent.
- Although the tropical storm Isaac forced the cancelation of Monday's opening session of the Republican National Convention in Tampa, the conference was finally kicked off Tuesday with New Jersey Governor Chris Christie impassionedly challenging the Republicans to start "taking our country back" during his keynote speech.
- New Jersey Governor Chris Christie, one of the GOP's rising stars, brought down the house Tuesday night with a rousing, combative keynote speech at the Republican National Convention.
- Chris Christie delivered the keynote speech at the Republican National Convention Tuesday night in Tampa, Fla. Read the full transcript of his remarks here.
Ann Romney Discusses Husband Mitt, Their Vision For America During Rousing Republican National Convention SpeechAnn Romney, the wife of Republican presidential candidate Mitt Romney, spoke Tuesday night about her husband, and their shared vision for the future of America during a personal, candid speech at the Republican National Convention in Tampa, Fla.
- China estimates a total national investment of 372 billion USD to be spent in the next three and a half years on improving energy efficiency, strengthening pollution control and expanding recycling economy.
- As Hurricane Isaac makes its way onto the Louisiana coast and into New Orleans, President Barack Obama will reportedly make a live statement from the White House at 10 a.m. The address will broadcasted on all major TV news networks as well as live streamed via the White House website.
- Oil prices recovered after the retreat yesterday as the market paid attention to Tropical Storm Isaac which caused disruption of oil production facilities. Yet, prices remained capped the worries over global economic slowdown as Japan revised lower its GDP growth forecast. This week's focus is mainly on the Jackson Hope Symposium. In 2010, the Fed announced QE2 after Fed Chairman Ben Bernanke indicated further quantitative easing in his speech at the same event. The market thus hoped to get s...
- Brent oil futures were steady above $112 a barrel on Tuesday, supported by supply concerns after U.S. companies slashed crude production in the Gulf of Mexico as Tropical Storm Isaac threatened to strengthen into a hurricane. Gains may be limited by worries that hurricane damage could prompt refiners to cut crude oil purchases in coming weeks and on heightened expectations that U.S. government may release some of its strategic oil reserves to rein in prices.
- A sign in front of Steven Showers' California home has made his home the topic of neighborly outrage. The 14-foot tall buzzing neon obelisk pleads for passersby to "Save the GOP." A relatively unthreatening sentiment, right? Except the rest of the glowing red and green text labels Republican presidential nominee Mitt Romney a "racist."
- On the eve of his formal elevation as the Republican party's presidential candidate, Mitt Romney acknowledged that a steady barrage of criticism from the Obama campaign has taken its toll.
- Mitt Romney's official coronation as the Republican Party's presidential nominee will be delayed by Mother Nature, and it could be an obstacle for the big-picture goal of the Republican National Convention.
- Crude oil demand in the United States is down to its lowest level since the onset of the global economic recession. A lackluster economic recovery, coupled with cautious consumer sentiment, is keeping demand for petroleum products suppressed. Nevertheless, lingering concerns over geopolitical tensions with Iran has prompted some governments to raise the possibility of releasing strategic petroleum reserves. Fundamentally, it seems, markets are well supplied, though it may be emotional factors dr...
- Lubbock County Judge Tom Head became the talk of the Internet on Thursday, warning of a civil war if President Barack Obama is re-elected. But he isn't the only Texas official to have made an outrageous statement. President George W. Bush and Rick Perry are loaded with some of their own.
- Fox News revealed the name of a SEAL Team 6 member who had written a book about the killing of Osama bin Laden. "No Easy Day" was written under the pseudonym Mark Owen to protect the retired SEAL and his family.
- Using a model that incorporates state-level economic data, political scientists predict that Mitt Romney will notch a resounding 300 electoral votes -- far more than the 270 needed -- while capturing 52.9 percent of the popular vote.