UNITED STATES

S&P focused too much on debt-limit politics: U.S. sources

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Standard & Poor's focused too much on the messy political process leading to a debt-limit hike and made a $2-trillion error in its calculations about U.S. finances, sources familiar with the discussions claimed on Friday night.
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Some Goldman clients faced paperwork delays

Some Goldman Sachs Group Inc clients who pushed trades through its clearing division during the market rout on Thursday were unable to access information about their positions the following morning.
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U.S. loses AAA credit rating from S&P

The United States lost its top-notch AAA credit rating from Standard & Poor's on Friday in an unprecedented reversal of fortune for the world's largest economy.
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Simon Cowell predicts 'X Factor' will thrash rivals

Big, brash and confident as ever, Simon Cowell said on Friday that his upcoming "The X Factor" would thrash the competition on U.S. television and topple "American Idol" as the nation's most-watched show.
Singer Jennifer Lopez arrives at the BAFTA Brits to Watch event in Los Angeles, California

Fox stays mum on Jennifer Lopez, "Idol" talks

Jennifer Lopez's future as a judge with "American Idol" is still up in the air, after Fox television on Friday declined to confirm or deny reports that she had signed on for a second season.
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Spam King charged with bombarding Facebook users

Sanford Wallace, known as the Spam King, has turned himself in to U.S. authorities after he was indicted for masterminding a scheme that sent more than 27 million unsolicited junk messages through Facebook's servers.
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South America braces for fallout from crisis in north

South American nations said on Friday they are well-positioned to withstand a sharper global downturn but want to insulate their economies further from a crisis of confidence they blame on Europe and the United States.
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Consumer credit shot up in June

U.S. consumer credit shot up in June by $15.53 billion, according to a Federal Reserve report on Friday that showed consumers were willing to keep borrowing robustly in a tight job market.
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U.S. expecting debt downgrade: ABC News

The U.S. government expects its debt to be downgraded by credit ratings agency Standard & Poor's from its current triple-A rating and is preparing for the event, ABC News said on Friday.
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Losing Weight Can Boost Men's Sexual Health

Obese men with diabetes 2 can enhance erectile function and decrease urinary tract symptoms along with increased sexual desire by losing weight, a new study published in the Journal of Sexual Medicine shows.
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Facebook says has damning evidence in Ceglia case

Facebook says it has uncovered smoking gun evidence that a contract at the heart of a lawsuit against the company and its founder Mark Zuckerberg is fraudulent, according to a Facebook court filing.
For Discussion: The U.S. Presidency

For President Obama, It's Create Jobs, or Lose One

President Barack Obama and the Democratic Party have nine months, or until about June 2012, to demonstrate to the American people that their policies can create 150,000 to 200,000 new jobs per month -- the amount needed to substantially lower employment and create ample opportunities for all.

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