UNITED STATES

Senate Vote on Debt Deal May Occur Sunday

Financial Crisis: U.S. Debt Ceiling in Pictures
It was John Lennon who said there are no problems, only solutions, and on Sunday Congressional Democrats and Republicans continued to work on a bill that would avert a dreaded U.S. Government default. If the two sides continue to make progress, a vote on the bill could occur as early as Sunday night.
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Boston rough up White Sox 10-2

Red Sox starter Jon Lester received plenty of run support as Boston pulverized the Chicago White Sox 10-2 at U.S. Cellular Field Saturday.
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Lochte on track for fifth gold in Shanghai

Ryan Lochte stormed into the final of the men's 400 metres individual medley as top qualifier at the world swimming championships on the last day of competition on Sunday.
The sign up page of Linkedin.com is seen in Singapore

Is it 1999 all over again for tech stocks?

I wasn't one of those people who lost a bunch of money when dot-com stocks blew up in 2000, but to be honest, that's because I didn't make a lot of money in the bubblicious run up, either.
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Hopes emerge of deal to avoid U.S. default

Hopes emerged that lawmakers were close to a last-minute deal on Sunday that could raise the debt ceiling by up to $2.8 trillion and assure financial markets that the United States will avoid default.
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Tech wrap: Apple ousts Nokia as top smartphone vendor

Apple jumped to the top of the global smartphone sales rankings in the second quarter, ending Nokia?s 15-year run as the lead smartphone vendor, according to new research from Strategy Analytics. Apple sold a record 20.3 million iPhones during the quarter, which amounts to about a fifth of the global smartphone market. Impressive considering its iPhone 4 model was released more than a year ago. Samsung also surpassed Nokia to claim second spot, with 17.5 percent of market share. Nokia fell to t...
U.S. President Barack Obama participates in a town hall meeting at the University of Maryland in College Park

11th Hour Debt Debate: Nation Finally Paying the Price?

Even though the congressional leaders had all the time in the world to strike a deal on the issue of debt-ceiling raise, they seem to be shamelessly waiting for an 11th hour drama. Technically speaking, Aug. 2 is the end of grace period for extraordinary measures and the U.S. borrowing limit, currently at $14.29 trillion, was reached on May 16 this year. Instead of getting things done Democrats and the Republicans seem to get a kick out of the 'blamestorming game'.
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Planes Collide in Midair in Alaska

Two small planes collided in midair above Amber Lake in Alaska on Saturday afternoon. One of the planes, a Cessna 180, crashed and was engulfed in flames. At least two people - possibly three were killed in the crash, said Alaska State Troopers spokeswoman Megan Peters.
At Issue: U.S. Debt Talks

Will Sunday Be 'Debt Deal Day' for Nation?

After two weeks of acrimony, Democrats and Republicans, perhaps after having stared into the abyss, returned to the bargaining table Saturday. Still, no one will believe the issue has been resolved until President Barack Obama signs a bill that raises the debt ceiling and cuts the budget deficit.
mexican smuggling

Maritime Smuggling to California on the Rise

When U.S. Immigration agents found a boatload of Mexican castaways huddled on a Malibu beach, and a larger group marooned a week later on an island north of Los Angeles, they realized it was a new trend.

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