Leading U.S. Democrat Durbin embraces future Medicare reforms

WASHINGTON (Reuters) – Assistant Senate Democratic Leader Dick Durbin, one of U.S. President Barack Obama‘s leading allies, urged fellow liberals on Tuesday to consider reforming the Medicare and Medicaid healthcare programs that they have long fought to shield from cuts.“Progressives should be willing to talk about ways to ensure the long-term viability of Medicare and Medicaid” programs for the...

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OECD: Europe weighing on global economy

PARIS (AP) — The global economy could easily slide back into recession if its major problems are left to fester, a leading international economic body said Tuesday.In its half-yearly update, the Organization for Economic Cooperation and Development warned that the recovery will be “hesitant and uneven” over the coming two years and that a new major contraction cannot be ruled out.“The world economy...

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UN climate talks open in Qatar

DOHA, Qatar (AP) — U.N. talks on a new climate pact resumed Monday in oil and gas-rich Qatar, where negotiators from nearly 200 countries will discuss fighting global warming and helping poor nations adapt to it.The two-decade-old talks have not fulfilled their main purpose: reducing the greenhouse gas emissions that scientists say are warming the planet.Attempts to create a new climate treaty failed...

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Rolling Stones turn back clock with hit-filled comeback

LONDON (Reuters) – The Rolling Stones turned back the clock in style on Sunday with their first concert in five years, strutting and swaggering their way through hit after familiar hit to celebrate 50 years in business.Before a packed crowd of 20,000 at London‘s O2 Arena, they banished doubts that age may have slowed down one of the world’s greatest rock and roll bands, as lead singer Mick Jagger...

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UnitedHealth forecasts 2013 profit below Wall St view

(Reuters) – UnitedHealth Group Inc , the largest U.S. private health insurer, said on Monday it expected 2013 earnings of $ 5.25 to $ 5.50 per share, below analysts‘ expectations.Revenue should be $ 123 billion to $ 124 billion, the company said, higher than the Wall Street target. UnitedHealth gave the forecast in a statement ahead of a Tuesday meeting with analysts and investors.Analysts had expected...

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Is Jordan Headed for an Arab Spring?

In 2011, during the first wave of the Arab Spring, Jordan stood out as an oasis of stability. Recurrent but largely peaceful protests demanding political reform led to two prime ministers being sacked by King Abdullah II in February and October. This year, in the movement’s next wave, some protesters have shifted their focus to direct criticism of the  monarch—an act that can lead to a prison...

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Egypt’s Mursi faces judicial revolt over decree

CAIRO (Reuters) – Egyptian President Mohamed Mursi faced a rebellion from judges who accused him on Saturday of expanding his powers at their expense, deepening a crisis that has triggered violence in the street and exposed the country’s deep divisions.The Judges’ Club, a body representing judges across Egypt, called for a strike during a meeting interrupted with chants demanding the “downfall of...

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Rolling Stones return to mark 50 years in music

LONDON (Reuters) – The Rolling Stones take to the stage later on Sunday after a five-year hiatus to celebrate the golden jubilee of one of the most successful and enduring bands in rock and roll history.Now in their mid-60s to early 70s, lead singer Mick Jagger, guitarists Keith Richards and Ronnie Wood and drummer Charlie Watts will perform five concerts – two at the O2 Arena in London on November...

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Bangladesh’s worst-ever factory blaze kills over 100

DHAKA (Reuters) – Fire swept through a garment factory on the outskirts of Bangladesh‘s capital killing more than 100 people, the fire brigade said on Sunday, in the country’s worst-ever factory blaze.Working conditions at Bangladeshi factories are notoriously poor, with little enforcement of safety laws, and overcrowding and locked fire doors are common. The cause of this fire was not immediately...

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Hostess CEO: Why I’m Shutting Down Twinkies

I made the decision to liquidate Hostess last night (Nov. 15). A number of factors have contributed to this. Hostess is 93 percent unionized, and it’s been formed by a number of acquisitions over the decades; a lot of old rules were just grandfathered into contracts from companies that no longer exist. There were all these crazy work rules, like one driver can only drive cake and the other can only...

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