Today's Intel

Wednesday, Nov. 9, 2011

BLOOMBERG

Herman Cain said that sexual harassment claims against him are the work of political insiders trying to prevent a businessman from being elected U.S. president and that he expects more accusations.

Ohio voters repealed a law limiting collective bargaining for public employees enacted by first-term Governor John Kasich and Republican lawmakers, heartening Democrats heading into the 2012 national elections.

Mississippi voters rejected a ballot initiative that would have made the state the first in the U.S. to ban abortion by declaring that life begins at conception.

Republicans proposed cutting the U.S. deficit with a tax overhaul to yield about $300 billion and by raising the Medicare eligibility age to 67, said aides familiar with a congressional supercommittee's talks.

Prime Minister Silvio Berlusconi's offer to resign leaves Italy struggling to produce a new regime stable enough to implement painful austerity measures in a country that has averaged almost a government a year since World War II.

China's inflation slowed by the most in three years, giving officials more room to support growth as industrial production and the property market cool and Europe's crisis threatens exports.

U.S. and European countries will press for tighter sanctions against Iran after United Nations atomic inspectors revealed "credible" information that the country conducted nuclear-bomb work as recently as last year.

The U.K.'s finance regulator fined Dubai-based investor Rameshkumar Goenka $9.6 million for market abuse, its largest-ever fine against an individual.

AP Top Stories

President Mahmoud Ahmadinejad vowed that Iran won't retreat "one iota" from its nuclear program, denying claims that it seeks atomic weapons.

President Obama will ask government agencies to find cost savings by cutting back in areas ranging from travel and vehicles to purchases of promotional coffee mugs and gadgets.

Federal Reserve Chairman Bernanke says small businesses are struggling to get loans more than two years after the recession ended. Banks could help by easing overly tight lending standards.

Wal-Mart now wants to dominate a growing part of the healthcare market, offering a range of medical services from basic prevention to management of chronic conditions like diabetes and heart disease. In the same week in late October that Wal-Mart announced it would stop offering health insurance benefits to new part-time employees, the retailer sent out a request for information seeking partners to help it "dramatically ... lower the cost of healthcare ... by becoming the largest provider of primary healthcare services in the nation."

Occupy Wall Street protests have not spread to the People's Republic of China. But word of the protests has, and the Chinese authorities are trying to figure out how to respond.

HSBC gave its starkest warning to date that new regulations might force it to leave Britain and warned that problems in Europe had hurt growth elsewhere.

BBC

Russia rules out supporting fresh sanctions against Iran, despite a UN report that says Tehran may be trying to develop nuclear weapons.

More than 60 Taliban fighters have been killed in an attack on a Nato outpost in Afghanistan's eastern province of Paktika, local officials say.

A judge ordered the former founder of Galleon Group, a hedge fund, to pay $92.8m in penalties. This comes on top of the $63.8m lawyers say he has already paid out in the criminal case. Rajaratnam was sentenced in October to 11 years in jail for one of the biggest insider trading cases in American history.

Lawyers for several thousand Haitian cholera victims demand compensation from the UN, whose peacekeepers were accused of triggering the outbreak.

Cuban President Raul Castro's daughter Mariela makes her debut on Twitter and is immediately confronted by a dissident demanding free speech in Cuba.

Africa is the fastest-growing mobile market in the world, and is the biggest after Asia, an association of worldwide mobile phone operators says.

Thousands of students are marching in central London in a protest against higher tuition fees and "privatization" in universities.

WorldNetDaily

Iran has been preparing Palestinian terrorist groups in the Gaza Strip and Hezbollah in Lebanon to retaliate in the case of Israeli strikes against Tehran's nuclear sites, according to Egyptian security officials.

German education officials say they are willing to use "force" as their options dwindle in a years-long fight against a homeschooling family, according to a report today from the Home School Legal Defense Association.

The U.S. Navy chaplain who was removed from the service for disobeying a "lawful" order banning prayer "in Jesus' name" has filed a lawsuit against the government, seeking reinstatement and damages.

The U.S. and other developed nations are reconsidering their commitments to fight global warming before the upcoming 17th Climate Change Conference in Durban, South Africa.

A state investigation into a Mason concealed-handgun instructor who advertised that he would not teach the state-sanctioned class to non-Christians, "socialist liberals" or people who voted for President Obama has ended after the instructor agreed not to discriminate.

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