WORLD

U.S. Rep. Ron Paul speaks during the Republican Leadership Conference in New Orleans

Ron Paul to Bernanke: 'Do You Think Gold is Money?'

Longtime Federal Reserve antagonist U.S. Rep. Ron Paul, R-Texas, was at it again on Wednesday, criticizing Federal Reserve Chairman Ben Bernanke, the head of world's most powerful central bank, for a faltering economic recovery and suggested the country would be better off investing in gold.

Sarah Palin: 'Don't Retreat, Reload' on Debt Ceiling

Former Gov. Sarah Palin, R-Ala.
Former Gov. Sarah Palin, R-Alaska, redeployed her controversial gunplay rhetoric Wednesday, saying conservatives should not compromise and agree to raise the U.S. debt ceiling. Palin also said she isn't convinced that a U.S. Government default would be a calamity.
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News Corporation CEO Rupert Murdoch leaves his flat with Rebekah Brooks, Chief Executive of News International, in central London

Murdoch Hacking: Rupert Murdoch Won’t Go Before Parliament

Media mogul Rupert Murdoch and his son James won't go in public next week before a parliamentary committee that investigating the alleged phone hacking and bribery on the part of his employees, but his company's Chief Executive Rebekah Brooks said she will.
Rupert Murdoch

Phone Hacking: Rupert Murdoch Refuses to Testify to Parliment

Media mogul Rupert Murdoch and his son James Murdoch refused Thursday to appear before a parliamentary committee investigating alleged phone-hacking and bribery done by employees of their British media empire. Whittingdale asked the three to appear in a week, on July 19, a representative told CNN.
church

Catholic Church Sexual Abuse Persists in Ireland, Report Says

The Irish Catholic Church is neglecting to investigate new allegations of sexual abuse, flaunting safeguards against pedophilia even as charges of systemic abuse engulfed the church, according to evidence compiled by an independent investigative committee in the Cloyne Report.
At Issue: U.S. Debt Ceiling

Moody's May Downgrade U.S. Debt, If Crisis Isn't Resolved

Moody's Investors Service has placed the Aaa bond rating of the U.S. Government on review for a possible downgrade, due to the debt deal talks stalemate in Washington, and the possibility of a U.S. debt default, the credit rating agency announced. Fed Chairman Ben Bernanke also said a default would trigger a major crisis.
Mumbai Blasts (2 of 6)

Mumbai Blast Kills at Least 21 [PHOTOS]

In the country's deadliest terrorist attack since 2008, three bombs rocked the crowded neighborhoods of Mumbai, India's financial capital, during rush hour Wednesday, killing 21 people, Reuters reported.
Mayor Michael Bloomberg

Mike Bloomberg: U.S. Default Would Be Catastrophic

New York City Mayor Mike Bloomberg is quite candid regarding his evaluation of the impact of a U.S. Government default on the financial system: it would be catastrophic, and also hurt the nation's largest city.
U.S. Capitol

Sound-Off: Which Party Is to Blame for Debt Deal Crisis?

The nation's two political parties, the Democrats and Republicans, are at it again -- so far failing to agree on a budget deficit reduction package and a debt ceiling raise. But which party is to blame for this latest crisis?
janice hahn

Democrat Janice Hahn Wins House Seat

Democrat Janice Hahn defeated Republican Craig Huey Tuesday in a congressional election for the California House seat, according to unofficial results showing Hahn's votes of 54.6% to 45.4%.

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