Durable Goods and Capital Goods Orders better than Expected

Here's some positive economic news."Orders for durable goods, items meant to last three years or more, rose strongly last month after an upwardly revised 1.3% gain in June, the Commerce Department said. Analysts were expecting durables orders to remain unchanged from the...

N Korea 'stops nuclear disabling'

"North Korea says it has stopped disabling its nuclear facilities, accusing the US of reneging on a six-party disarmament deal. Work was suspended on 14 August, a foreign ministry spokesman is quoted as telling the state news agency KCNA. North Korea says it took the step...

Schumer Might be Investigated Over His Role in Bank Failure

Let's start out with a little background. Senator Schumer writes a letter to federal bank regulators warning about the imminent failure of IndyMac."The U.S. Senator who leads the Senate subcommittee that oversees the Federal Reserve and economic policy has written letters to...

Iranian Interior Minister's Oxford Degree Apparently Fake, Riddled With Spell...

"Iran's new interior minister has raised an uproar among lawmakers and Iranian media over an apparently fake claim that he holds an honorary doctorate from Britain's Oxford University. To back his case, he's shown off a degree certificate riddled with spelling and grammar...

Iraq/US Nearing Timetable for Withdrawal

Doesn't this take away a major plank from Barack Obama's platform?"Iraq and the U.S. are near an agreement on all American combat troops leaving Iraq by October 2010, with the last soldiers out three years after that, two Iraqi officials told The Associated Press on Thursday....