UNITED STATES

Westboro Church to Picket Funerals of Norway Massacre Victims

A police woman holds flowers as she takes part in a march near Utoeya island to pay their respects for the victims of the killing spree and bomb attack in Norway, in the village of Sundvollen
The Kansas-based Westboro Baptist Church has issued a press release saying that they will picket the funerals of the Norway victims who lost their lives when Anders Breivik set off a bomb in Oslo and gunned down 69 at a youth camp in the island of Utoya.

Q+A: S&P's downgrade of the United States

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The United States lost its top-tier AAA credit rating from Standard & Poor's on Friday, a move that will affect the country's borrowing costs and investor opinion of U.S. assets. Here is a Q+A on what the downgrade means for investors, consumers and to the country.
U.S. dollar bills seen

Dollar to drop on S&P move; safe-haven demand seen

The U.S. dollar may weaken and Treasury yields rise when Asian markets reopen on Monday, though any selling in response to ratings agency S&P's downgrade of the United States is likely to be tempered by the escalating crisis in the euro zone.
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Dollar Expected to Weaken on S&P Move

The S&P cut in the U.S. long-term credit rating to AA-plus is an unprecedented blow. It called the outlook "negative," signaling another downgrade is possible in the next 12 to 18 months. The U.S. dollar may weaken and Treasury yields rise when Asian markets reopen on Monday.
President Barack Obama speaks in a prime-time address to the nation from the East Room of the White House in Washington

S&P Justifies US Downgrade, Says More Action Could Follow

Rating agency standard & Poor's has staunchly defended the decision to downgrade the creditworthiness of the U.S. government and warned that further action was possible. "The debacle over the debt ceiling continued until almost the midnight hour," S&P's Sovereign Ratings Committee Chairman John Chambers said.
Safety First on Brand Name Statin Switch To OTC

OTC Statins: How Safe is it to Swallow the Pill?

Recent industry buzz on Pfizer's alleged strategy to sell its cholesterol reducer-blockbuster drug, Lipitor as an over-the-counter pill, reinforces debate on the safe compliance of prescription drugs when sold as OTC's.
For Discussion: The American Dream

S&P Downgrades U.S. Credit Rating - How Will It Affect Your Stocks, Bonds?

S&P?s stunning and controversial downgrade Friday in part reflected the firm?s assumptions about the U.S. political system?s ability to solve its problems. Others hold a more optimistic view, as Winston Churchill did. Churchill said, ?In the end, you can count on America to do the right thing - after she?s exhausted all other possibilities.?
U.S. Chinook helicopters leave after a security handover ceremony in Panjshir province

Tennessee Navy SEAL Killed in NATO Helicopter Attack

Aaron Carson Vaughn, a navy SEAL from Tennessee, died in the helicopter crash in Afghanistan on Saturday, family members confirmed. Aaron Vaughn's family member told News Channel 3 that he was among 38 people who perished in a Taliban attack on a NATO Chinook troop transport helicopter over eastern Afghanistan.
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White House adviser slams S&P after U.S. downgrade

A top White House economic adviser slammed Standard & Poor's on Saturday for having stuck with its decision to downgrade the U.S. credit rating despite having made a $2 trillion mistake in its fiscal projections.
Anonymous Hackers Target BART

AntiSec Hackers Get Revenge on Police by Releasing Law Enforcement Data

AntiSec, a group of online hackers, said it breached 10 gigabytes of sensitive data after gaining access to more than 70 U.S. law enforcement Web sites. The hackers who claimed to have gotten emails, credit card information among other sensitive information, is said to be retaliating against the arrests of alleged members accused of hacking into the CIA, Britain's Serious Organized Crimes Agency, or SOCA, and Sony.
Solar Storm

Solar Storm Watch: Could This be Armageddon?

Solar storms are brewing some 93 million miles away, and if one of them hits Earth, it has the potential to bring serious electrical and communication failures. Could this be Armageddon? The U.S. government is warning users of satellite, telecommunications, and electric equipment to prepare for possible disruptions over the next few days.
A man walks in a building in Tokyo January 28, 2010.

Fund managers see tough times for Treasuries

The fact that U.S. Treasury bonds managed to cling to their coveted triple-A rating this week failed to impress several prominent bond fund managers, who say they are lightening up on Treasuries and stocking their portfolios with corporate bonds instead.
President of the European Central Bank ponders a question during his monthly news conference at the ECB headquarters in Frankfurt

G20 deputies to hold crisis call Saturday: Brazil

Deputy finance ministers from the Group of 20 leading economic powers will hold a conference call on Saturday to discuss the crises in Europe and the United States, a Brazilian finance ministry official said.

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