Today's Intel

Thursday, Oct. 13, 2011

BLOOMBERG

President Obama's re-election effort raised more than $70 million in the quarter that ended Sept. 30, down 20 percent from the $86 million from the previous quarter.

The U.S. launched a full-court press portraying Iran as an outlaw state that threatens global security.

Republican presidential candidate Herman Cain, who has pledged to throw out the U.S. tax code, now says he would keep excise taxes on goods such as gasoline, beer and cigarettes. The price of a gallon of gasoline includes 18.4 cents in federal excise taxes.

European Central Bank President Jean-Claude Trichet said it's now up to governments to solve Europe's debt crisis as leaders get ready for a summit in Brussels in 10 days.

The U.S. trade deficit was little changed in August at a four-month low of $45.6 billion as exports held close to an all-time high.

Applications for unemployment insurance payments decreased 1,000 in the week ended Oct. 8 to 404,000. The number of people on unemployment benefits rolls dropped to the lowest level in six months.

The Bloomberg Consumer Comfort Index fell to minus 50.8 in the week ended Oct. 9 from 50.2 the prior period.

New investment in clean energy rose 16 percent in the third quarter to $45.4 billion, aided by a surge in wind and solar plant financing as low equipment costs drive installations.

AP Top Stories

Heralding a visiting friend and some rare bipartisanship at home, President Obama welcomed South Korea's president to the White House as a valuable world partner.

Protesters will have to clear out of the Manhattan park where they've been camped out for nearly a month so the owners can clean it, but they'll be allowed to return afterward, officials said.

As the United State Postal Service faces dire financial straits, a report by the Government Accountability Office asserts that the solution suggested by USPS would not solve the financial problems, and would instead result in what would essentially be a taxpayer bailout.

A hedge fund founder once recognized as one of the country's richest citizens would serve the longest sentence in history for an insider trading conviction if a federal judge grants the government's request to send Raj Rajaratnam to prison for two decades.

Police have identified the man who is believed to have opened fire in a Southern California hair salon over a custody dispute with his ex-wife, leaving eight people dead and another wounded.

China's trade surplus narrowed for a second straight month in September to $14.5 billion, with both imports and exports lower than expected, reflecting global economic weakness and domestic cooling that will deepen policy quandaries facing Beijing.

JPMorgan Chase's third-quarter income fell 4 percent on weaker investment banking and trading results and a loss in its private equity division.

The average rate on the 30-year fixed mortgage rose sharply to 4.12 percent this week after falling below 4 percent for the first time in history.

BBC

Libya's interim authorities must tackle arbitrary detention and widespread abuse of detainees, Amnesty International says.

Eight leading European economic institutes forecast a steep slowdown for Germany's economy, blaming the debt crisis in the eurozone.

US lawmakers approve a long-delayed free trade agreement with South Korea, calling it the most significant in 16 years.

The US city of Harrisburg - capital of the state of Pennsylvania - has filed for bankruptcy, a move quickly opposed by the city's mayor.

President Juan Manuel Santos hails a "historic day" as the US Congress approves a free trade deal with Colombia, as well as accords with Panama and South Korea.

A salvage crew returns to a stranded ship off New Zealand's coast that is leaking oil and threatening to break apart.

The US imposes sanctions on an Iranian airline it says flew members of an elite force linked to an alleged plot to kill the Saudi envoy on US soil.

WorldNetDaily

Democratic Rep. Jim Moran of Virginia is headlining a fundraiser this weekend for the controversial Council on American-Islamic Relations along with an imam tied to the 1993 World Trade Center bombing who urges the violent overthrow of the "filthy" U.S. government and the establishment of Islamic law.

Hundreds of thousands of Muslims who have moved into France are rejecting the nation's values so efficiently that in practicality Shariah religious law is replacing civil law in some regions, according to a startling new report that perhaps is throwing a shadow across what America's future might hold.

A soccer player from Colombia reportedly was detained in Saudi Arabia for walking through a mall wearing a sleeveless shirt that revealed his religious tattoos, including one of Jesus.

Solidarity hero Lech Walesa is flying to New York to show his support for the Occupy Wall Street protesters. "How could I not respond," Walesa told a Polish newspaper Wednesday. "The thousands of people gathered near Wall Street are worried about the fate of their future, the fate of their country. This is something I understand."

Three officials representing Libya's National Transitional Council (NTC) told Reuters on Wednesday that Muammar Gadhafi's son Mo'tassim was captured in Sirte on Tuesday, trying to escape the town in a car with a family.

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