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President-elect promised change, picking insiders
WASHINGTON (AP) - President-elect Barack Obama promised the voters change but has started his Cabinet selection process by naming several Washington insiders to top posts. Obama is enlisting former Senate leader Tom Daschle as his health secretary. Hillary Rodham Clinton, a well-known Washington personality, seemed more likely than ever to be his secretary of state. Clinton is deciding whether to take that post as America's top diplomat, her associates said Wednesday
Fed sees economic woes persisting into next year
WASHINGTON (AP) - Pounded by a fierce financial crisis, the country is sinking deeper into economic despair and is likely to be in the hole well into next year, forcing more Americans into the ranks of the unemployed. The gloomy outlook from the Federal Reserve came as hopes dimmed that Congress could secure a fresh $25 billion rescue package for the tottering U.S. auto industry before lawmakers quit for the year.
Detroit automakers' rescue stalls in Senate
WASHINGTON (AP) - A plan to give troubled U.S. automakers billions of dollars in government-backed loans is on life support, leaving the fate of hundreds of thousands of workers and Detroit's once-venerable car companies hanging in the balance. Senate Majority Leader Harry Reid, D-Nev., canceled plans Wednesday for a vote on a bill to carve $25 billion in new auto industry loans out of the $700 billion Wall Street rescue fund. The Bush administration and congressional Republicans have rejected Democrats' plan to dip into that pot of money.
Global markets extend rout on recession fears
HONG KONG (AP) - World stock markets tumbled Thursday, with benchmarks in Tokyo and Seoul losing almost 7 percent each, after recession fears sent Wall Street plunging and Japan suffered its biggest drop in exports in seven years. The slide in Asian and European shares extended a global sell-off that accelerated overnight amid lowered projections for U.S. economic activity next year from the Federal Reserve and worries over the fate of America's Big Three automakers, which are pleading for emergency loans from Washington.
Dems look to stop endangered species rule changes
WASHINGTON (AP) - With the Bush administration on the verge of relaxing regulations protecting endangered species, Democratic leaders are looking at ways to overturn any last-minute rule changes. The Bush administration has until Friday to publish new rules in order for them to take effect before President-elect Barack Obama is sworn in. Otherwise, Obama can undo them with the stroke of a pen.
Astronauts vow remaining tool bag won't drift away
HOUSTON (AP) - Astronauts vowed to double-check, even triple-check, to make sure a bag of tools is properly tied down during a spacewalk Thursday so it doesn't float away like one did earlier this week. "We're definitely not going to do it again. You're not going to see us lose another bag," lead spacewalker Heidemarie Stefanyshyn-Piper said in an interview from the international space station with The Associated Press.
China to overhaul battered dairy industry
BEIJING (AP) - China announced a complete overhaul of its dairy industry Thursday to improve safety at every step - from cow breeding to milk sales - saying its worst food quality scandal in years had revealed "major problems" in quality control. Changes will be made within the next year in production, purchasing, processing and sales, the official Xinhua News Agency reported.
Matthiessen wins National Book Award fiction prize
NEW YORK (AP) - The economy hung like a cloud over the 59th annual National Book Awards. Barack Obama was the silver lining. "It's a good time to be alive," announced author, Obama fan and fiction committee chair Gail Godwin, as she gracefully pulled out an envelope Wednesday night- in stated emulation of the president-elect - and revealed that Peter Matthiessen had won for "Shadow Country," a thorough revision of a trilogy of novels released in the 1990s.
Ind. inmates sneak through ceiling to have sex
Ind. inmates sneak through ceiling to have sexBLOOMFIELD, Ind. (AP) - Three male and three female inmates at a southern Indiana jail face charges that they devised a way to sneak between cell blocks to help pass their time behind bars by having sex. The inmates figured out how to remove metal ceiling panels in the Greene County Jail and used the passageway more than a dozen times in September and October, according to court documents.
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