WORLD

Lok Sabha Passes Lokpal Bill by Voice Vote

Lokpal Bill
The Lok Sabha passed the Lokpal bill on Tuesday to create an anti-corruption ombudsman, in a move the government hopes will deflate a protest movement led by Anna Hazare.
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Confetti is dropped on revellers marking two hours to midnight during New Year's Eve celebrations in Times Square in New York

14 New Year's Resolutions for 2012 and 7 Tips For How-To Keep Them

Jan. 1, 2012 is around the corner. Americans across the country take this time to reflect on the past year and decide what parts of themselves they hope to change and improve for the upcoming year. To embrace 2012, we took a look at the top 14 New Year's Resolutions in the U.S. and offer you seven tips for how to keep them unlike years in the past.
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IRS Writes New Accounting Rules for Asset Repairs

The Internal Revenue Service issued new rules to clarify the difference between a business expense that is a repair and tax-deductible and one that is an improvement but not deductible right away.
U.S. Federal Reserve

Obama Taps Stein, Powell for Fed Board of Governors

President Barack Obama will nominate Harvard economist Jeremy Stein and Jerome Powell, an investment banker and former Treasury official, to the two empty seats on the Federal Reserve's policy-setting board of governors.
U.S. National Debt

Obama to Ask for $1.2 Trillion Debt Ceiling Increase

The Obama administration plans to seek an increase in the nation's borrowing power, less than half a year after a debt ceiling debate cost the U.S. its stellar credit rating and brought government to a dead halt.
Fruit Slot Machine

Governor Cuomo: Casino in NYC a Good Idea

New York Gov. Andrew Cuomo recently announced that he supports the construction of a full-tilt casino in New York City, taking a controversial stance that he says would bring billions of dollars in revenue to the state's coffers.

Efforts to Impeach Judges Hit New High in 2011

The Iowa Supreme Court's 2009 same-sex marriage ruling and an injunction on Oklahoma's voter-approved ban on Sharia were a couple of the more controversial decisions that sparked impeachment calls.
Foxconn Seeing To Buy Sharp

LCD makers in $553 million U.S. price-fixing accord

Samsung Electronics Co, Sharp Corp and five other makers of liquid crystal displays agreed to pay $553 million to settle consumer and state regulatory claims that they conspired to fix prices for LCD panels in televisions, notebook computers and monitors.
The Beidou satellite navigation system will help China become more independent, in addition to providing the country with location-based needs. Beidou is China's response to the United States' GPS platform.

Beidou: Meet China's GPS Solution

China launched Beidou on Tuesday, which is the country's response to the U.S. GPS platform. The satellite navigation system will help China become more independent, in addition to providing the country with location-based needs.
Fire

Madonna Badger Tragedy: 10 Leading Causes of House Fires and Safety Tips

Madonna Badger, a New York advertising executive, lost three young daughters and her parents in a tragic fire in Stamford, Conn. late Sunday. Accidental house fires can most often be avoided if homeowners follow safety tips and avoid the leading causes of fires, such as cooking, smoking, heating, Christmas trees, fireplaces, dryers and washing machines, candles, portable generators and children playing with fire.
U.S. Energy Policy

Oil - It Still Has the United States Over a Barrel

Oil Shock III -- could another surge in oil prices to the stratosphere jeopardize another U.S. economic recovery? Indeed, it is possible, with oil pushing $100 per barrel as 2011 ends, and with little sign of retreating substantially despite sub-par U.S. gasoline demand.
Chinese dissident Chen Xi is seen in this undated handout photo released by his family

Chen Xi, Chinese Dissident, Jailed for 10 Years

Chinese dissident Chen Xi has become the second dissident in four days to be jailed for inciting subversions through online essays; he was given a 10-year jail sentence by a Chinese court in Guiyang, the capital of Guizhou province.
Newt Gingrich

Court Documents Contradict Gingrich's Claims of First Divorce

Newly emerged Court documents contradict Republican Presidential candidate Newt Gingrich's assertion regarding his first divorce. Newt Gingrich who is constantly on fire over his personal history has continuously maintained that it is his first wife Jackie Gingrich, who asked for divorce first and not him. His campaign website under the head Answering Attacks-Personal life says that it is Jackie Gingrich who requested for a divorce, quoting their daughter Jackie Gingrich Cushman's ...
Europe's Markets

Europe's Markets Inch Higher Tuesday at Mid-Day

European stocks crept higher on Tuesday, catching the tailwind of a pre-holiday U.S. rally, while the euro was hamstrung by the prospect of a large Italian debt auction later in the week.

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