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Moody's warns it may cut AAA-rating for UK and France - Tuesday, February 14, 2012
(Reuters) - Rating agency Moody's warned it may cut the triple-A ratings of France, Britain and Austria and it downgraded six other European nations including Italy, Spain and Portugal, citing growing risks from Europe's debt crisis.
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Santorum Catches Romney in Poll; Both Trail Obama - Tuesday, February 14, 2012
(Bloomberg) Republican presidential contender Rick Santorum has overtaken Mitt Romney in the battle for the party’s nomination, according to a Pew Research Center poll that also shows both losing to President Barack Obama in hypothetical matchups.
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U.S. Volcker Rule Faces Harsh Critics as Date Nears - Tuesday, February 14, 2012
(Bloomberg) The world’s largest banks demanded a wish list of changes to a proposed U.S. ban on proprietary trading, seeking to escalate the lobbying effort against the Volcker rule five months before it takes effect. In scores of comment letters filed yesterday, bankers and their trade associations said the rule would increase risk, raise costs for investors, hurt U.S. competitiveness and be vulnerable to legal challenge.
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Isreal Accuses Iran of Bombings - Monday, February 13, 2012
(Fox News) Assailants targeted Israeli diplomats in India and Georgia in near-simultaneous strikes Monday that Israeli Prime Minister Benjamin Netanyahu blamed on archenemy Iran and its Lebanese proxy, Hezbollah. Iran denied responsibility for the attacks.
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NASA’s space exploration plans take a galactic hit - Monday, February 13, 2012
(Fox News) NASA plans to drop nearly $310 million from the budget for its Planetary Science division in 2013, a 20 percent cut that affects future missions to Mars, lunar science, and the study of the outer planets.
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Gunfights in Saudi Arabia Show Spread of Iran Tensions - Monday, February 13, 2012
(Bloomberg) Armored anti-riot vehicles cluster outside the police station in Awwamiya in Saudi Arabia’s oil- producing eastern region, where unrest is turning violent.
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Obama Proposes Doubling Dividend Tax on Wealthy - Monday, February 13, 2012
(Bloomberg) President Barack Obama’s budget plan calls for taxing dividends received by high-income taxpayers as ordinary income, raising the top rate to 39.6 percent from 15 percent as part of a $1.4 trillion tax increase on top earners over the next decade.
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Obama seeks higher taxes on big business - Monday, February 13, 2012
(Reuters) - President Barack Obama's 2013 budget proposal, released on Monday, calls for raising hundreds of billions of dollars from U.S.-based global companies, while ending cherished deductions and tax breaks for oil companies and other big firms.
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Obama Sends $3.8T Budget to Congress - Monday, February 13, 2012
(Bloomberg) President Barack Obama sent Congress a $3.8 trillion budget plan today with stimulus spending and tax increases for the wealthiest Americans, spelling out election- year priorities that are certain to draw Republican opposition. Obama is proposing more money for jobs, highways and bridges, schools, student aid and manufacturing research as well as higher taxes for corporations, banks and oil, natural gas and coal companies
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White House sticking to contraception plan - Monday, February 13, 2012
(Reuters) - President Barack Obama will not make any more changes to the rule announced last week requiring health insurance plans to provide women with coverage for contraception, although U.S. Roman Catholic bishops have said it violates the Church's religious principles.
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