Today's Intel

Tuesday, Nov. 1, 2011

BLOOMBERG

About 41 percent of U.S. households would see their taxes increase under the optional 20 percent flat tax proposed by Texas Governor Rick Perry and an equal number would receive a tax cut, according to a nonpartisan analysis.

Mitt Romney spent three years managing the 2002 Salt Lake City Winter Olympics, an investment that is paying off for him in the Republican presidential primary at the expense of former Utah Governor Jon Huntsman. Romney has raised $1.9 million from Utah residents

Republican presidential candidate Herman Cain denied allegations that he sexually harassed two women while running the National Restaurant Association in the 1990s, portraying himself as the victim of a smear campaign.

Australia's central bank cut interest rates for the first time since 2009 and a Chinese manufacturing index slid, stoking concern that Europe's debt crisis is weighing on Asia's export-dependent economies.

On a single day in July, almost 18,000 fakes and clones resembling the iPad and Android devices were available for sale on 23 e-commerce sites, according to MarkMonitor Inc., a San Francisco-based firm that helps companies protect their brands.

Chrysler, the automaker controlled by Fiat said U.S. sales rose 27 percent in October on demand for its Jeep Compass and Dodge Durango sport-utility vehicles.

Greek two-year government notes slid, pushing the yield 692 basis points higher to 84.66 percent, the most on record, at 1:12 p.m. in London.

U.S. financial regulators are examining the rising use of loans to state and local governments that allow public officials to take on added debt without disclosing it to municipal-bond investors.

Abdurrahim El-Keib, an academic who lived in the U.S. for 10 years, was named as Libya's interim prime minister to guide the country to general elections.

AP Top Stories

It's not just UNESCO: The Palestinians' top envoy in Geneva said Tuesday he believes that joining the U.N. agency for culture, education and science will "open the door" to joining 16 other U.N. agencies within weeks.

New York City has agreed to pay $70 million to settle a federal lawsuit that accused it of over billing Medicaid for millions of dollars in reimbursements for personal care services.

The Spartanburg, S.C. sheriff is urging women to get concealed weapons permits and carry guns to protect themselves.

A 9-foot-tall statue honoring Ronald Reagan will be unveiled at the airport that now bears his name. The airport just outside the nation's capital has borne Reagan's name since 1998.

Credit Suisse will cut another 1,500 jobs and scale back its capital-guzzling investment banking business as it seeks to meet tough new regulations

U.S. builders spent slightly more in September on home construction, partially offsetting losses in public schools, roads and government offices.

BBC

The United Nations Security council expresses concern over the fate of the massive weapons stockpile built up in Libya under Col Gaddafi.

Colombian President Juan Manuel Santos has officially dissolved the country's intelligence agency, the DAS, after a series of scandals.

An Army staff sergeant charged with killing three Afghan civilians admits taking fingers off their bodies as war trophies.

US authorities smash a huge drugs-smuggling network in Arizona linked to one of Mexico's most powerful cartels.

Flood water continues to pour into Bangkok's outer districts, angering residents who want barriers opened to allow water to drain.

China's unmanned Shenzhou 8 craft launches on a mission to try to rendezvous and dock with the country's Tiangong-1 space laboratory.

WorldNetDaily

A group working with Occupy Wall Street is proposing a global alternative currency system to replace the currencies of individual nations. An online group calling itself "OWS Currency" is working to devise an "alternative currency system for participants at Occupy Wall Street," according to the group's charter.

Arizona's maverick Sheriff Joe Arpaio promised surprises in his jurisdiction's investigation of Barack Obama's eligibility for the presidential ballot and his Cold Case Posse is delivering - raising questions that touch on the authenticity of the long-form birth certificate issued last April and the possibility Obama is using a fraudulent Social Security Number. Sources close to the investigation say the posse has decided it needs to see original birth records before it can conclude whether Obama should be eligible for the presidential ballot in 2012, not an electronic file or scanned copies. The sources say the panel needs to examine the microfilm documenting Obama's birth, as well as the ink-and-paper original 1961 birth records the Hawaii Department of Health is holding in its vault.

The federal government filed a lawsuit Monday seeking to stop implementation of South Carolina's tough new immigration law, arguing that the legislation that requires law officers to check suspects' immigration status is unconstitutional.

It took only a dozen years for humanity to add another billion people to the planet, reaching the milestone of 7 billion Monday - give or take a few months. Demographers at the UN Population Division set Oct. 31, 2011, as the "symbolic" date for hitting 7 billion, while acknowledging that it's impossible to know for sure the specific time or day. Using slightly different calculations, the U.S. Census Bureau estimates the 7-billion threshold will not be reached until March.

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