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May 25, 2011

The Economist| Selected New Articles: The IMF's Top Jobs | Business in Japan ...



The IMF's top job: Christine Lagarde launches her bid to succeed DSK
Business in Japan: Is Sir Howard Stringer about to say goodbye?
Encouraging young entrepreneurs to leave school: The $100,000 
drop-outs
South Korea's history: Retweeting the scene of a crime
Buttonwood: What about the workers?
The drug trade in North America: Ecstatic traffickers
Daily chart: The pursuit of happiness
Online debate: Do we need new measures of social and economic
progress?

Financial & Forex Info | The Australian Capital Circle: Blight Gives Gillard Green Warning




Capital Circle Newsletter
Bligh gives Gillard green warning
As the carbon tax negotiations continue, Anna Bligh has delivered a blunt message to Julia Gillard.

The PM's Diary: Julia Gillard will attend Australia's biggest morning tea, hosted by the Cancer Council, at 10.30am today. She will meet with new ACT Chief Minister Katy Gallagher for the first time since Gallagher replaced Jon Stanhope. The PM will also attend parliament today.
Tony Abbott is in Canberra and will attend parliament today.
Movements: Peter Garrett's press secretary Cameron Scott, an ex-Brumby government message manager, has resigned to return to Melbourne.  And Joe Ludwig's press secretary, Sarah McSporran (nee Cosson) finishes work this Friday.
The greatest ever: Is Canberra the greatest planned city in human history? National Capital Authority CEO Gary Rake in Senate estimates: "It's certainly the view of the Chairman of the NCA (Don Aitkin)".
Liberal Senator and parochial Melbournian Mitch Fifield took exception to the claim, pushing Mr Rake to explain: "So the claim you would make, as opposed to Professor Aitken, is that Canberra is the most successful continuing planned national capital city in human history, whereas Professor Aitken says it's the most successful continuing planned city in human history, which is a bigger claim?":
Rake: "Well it may be a shortened version in the overview - he may mean national capital.'
Fifield: "I will relax now we know that there's no direct comparison being made to Melbourne.''
Happy birthday Wyatt: From all reports, Liberal MP Wyatt Roy's 21st birthday bash with fellow MPs was a swinging affair. Leader Tony Abbott presented him with a copy of Sir Robert Menzies' The Measure of the Years, telling Australia's youngest politician he was in awe of his maturity. Roy, for his part, promised the books would take pride of place on the bookshelf next to Abbott's Battlelines.
Estimates: Senators have long days and late nights ahead over the next fortnight as estimates continue. Up today are the Departments of Broadband and Com
Read more...

Financial & Forex Info | The Australian Business Briefing: Austar ready to unveil Foxtel deal








Austar ready to unveil Foxtel deal
Austar James Chessell and Nabila Ahmed THE Australian pay-television sector could be on the cusp of consolidation.
 
Wall St ends three-day losing streak
Wall St Jonathan Cheng and Steven Russolillo US stocks snapped a three-session losing skid, as rising commodity prices sparked interest in energy, materials and industrial companies.
 
China may face spike in credit losses
China property Dinny McMahon and Rose Yu BEIJING'S anti-inflation efforts are likely to squeeze profits at China's banks and lead to a spike in credit losses, warns Standard & Poor's.
 
Austal takes defensive position
austal ships Andrew Burrell THE Australian dollar has forced Austal to downgrade its profit forecast for this year and launch a review of the future of its Perth shipyards.
 
Leighton chair pulls rug from under King
Wal King Damon Kitney and Glenda Korporaal LEIGHTON chairman David Mortimer remains opposed to former chief executive Wal King returning to the board.
 
Daily deal surge shows Packer on the money
packer Blair Speedy THE rush of money from major investors including James Packer into daily-deal retail websites has been retrospectively endorsed.
 
Lucky sale nets drug boss $1m
Lucky sale Michael Bennet IN investing, timing is everything.
 
Warning against laws for exec pay
Westfield managing director Steven Lowy Damon Kitney and Glenda Korporaal REGULATION of executive pay should not be governed by more black-letter law, and the complexity of annual reports should be reduced.
 
Financial Markets
Euro at record low against Swiss franc
euro Andrew J. Johnson GREEK debt concerns outweighed encouraging signs about global growth, sending the euro to a record low against the safe-haven Swiss franc.
 
Wall St ends three-day losing streak
Gold edges up as silver soars 4.2pc
 
Financial Markets Coverage
 
Mining & Energy
Gold edges up as silver soars 4.2pc
Gold Matt Day GOLD futures rose for a fourth consecutive session today on demand for safe-haven assets, while silver climbed by more than 4 per cent.
 
Copper rises 2.3pc on demand outlook
Refiners help push oil above $US101
 
More Mining & Energy Coverage

GATA | THE GATA DISPATCH: GATA urges Paul to probe Fed's gold swaps; he tells CNBC he will

GATA urges Paul to probe Fed's gold swaps; he tells CNBC he will

6:13p ET Wednesday, May 25, 2011
Dear Friend of GATA and Gold:
Yesterday GATA Chairman Bill Murphy and your secretary/treasurer met in Washington with U.S. Rep. Ron Paul, R-Texas, chairman of the House Subcomittee on Domestic Monetary Policy and Technology, and two of his staff members. We reviewed GATA's work and the information produced by our recent successful freedom-of-information lawsuit against the Federal Reserve and urged him to press the Fed for accountability, particularly in regard to its manipulation of the gold market, its involvement with the U.S. gold reserve, and its secret gold swap arrangements, the latter admitted to GATA by Fed Governor Kevin M. Warsh as we began our litigation in 2009:
Paul told us that he planned to address these issues at hearings of his subcommittee in June on legislation to audit the U.S. gold reserve, and he elaborated this afternoon in an 11-minute interview with CNBC. Paul told CNBC:
"I'd sort of like to see how much gold is actually there and whether we've made any agreements to loan out our gold or sell the gold, because there's a lot of questions about that. As a matter of fact, I'm going to have hearings on having a true audit of the gold, and they're very, very resistant to that. But if the gold is all there and there are no attachments to the gold, what's the big deal? Why shouldn't the people know that it's there?"
Paul added in the CNBC interview that his broader objectives include getting the Fed out of central economic planning, getting the United States out of its fantastically expensive foreign military adventures, and allowing people to keep more of the fruit of their labor.
GATA will be providing information to Paul's office for possible use in interrogation of the Fed.
You can watch CNBC's interview with Paul at its video archive here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


Join GATA here:
World Resource Investment Conference
Sunday-Monday, June 5-6, 2011
Vancouver Convention Centre East
Vancouver, British Columbia, Canada

http://cambridgehouse.com/conference-details/world-resource-investment-c...
Gold Rush 2011
GATA's London Conference
Thursday-Saturday, August 4-6, 2011
Savoy Hotel, London, England

http://www.gatagoldrush.com

Support GATA by purchasing gold and silver commemorative coins:
Or by purchasing a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon:
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
http://www.gata.org/node/16

GATA | THE GATA DISPATCH: Market manipulation is the very purpose of derivatives

Market manipulation is the very purpose of derivatives


11:13a ET Wednesday, May 25, 2011
Dear Friend of GATA and Gold (and Silver):
Referring to yesterday's news that the U.S. Commodity Futures Trading Commission is suing two traders and two trading firms on a complaint of manipulating the cash oil market to profit by $50 million in the oil derivatives market (http://www.gata.org/node/9953), Bill King of the King Report, published by Ramsey King Securities, has the quote of the day, week, month, and maybe year:
"Manipulating cash prices for a larger derivative payout is a regular feature in all markets. And $50 million is chump change compared to the billions being made manipulating the markets on almost a daily basis."
That is, as the British economist Peter Warburton discerned in his 2001 essay, "The Debasement of World Currency -- It Is Inflation, But Not as We Know It" (http://www.gata.org/node/8303), market manipulation is the very purpose of derivatives.
The King Report is as good a financial letter as any we know. Subscription information can be found here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

Join GATA here:
World Resource Investment Conference
Sunday-Monday, June 5-6, 2011
Vancouver Convention Centre East
Vancouver, British Columbia, Canada

http://cambridgehouse.com/conference-details/world-resource-investment-c...

Gold Rush 2011
GATA's London Conference
Thursday-Saturday, August 4-6, 2011
Savoy Hotel, London, England

http://www.gatagoldrush.com

Support GATA by purchasing gold and silver commemorative coins:


Or by purchasing a colorful GATA T-shirt:


Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:


Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon:


Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:


To contribute to GATA, please visit:

http://www.gata.org/node/16

GATA | THE GATA DISPATCH: World back on gold standard by 2014, Ian Gordon tells MineWeb

World back on gold standard by 2014, Ian Gordon tells MineWeb


10:35a ET Wednesday, May 25, 2011
Dear Friend of GATA and Gold (and Silver):
MineWeb's Zig Lambo today interviews newsletter writer Ian Gordon of the Longwave Group and gets a prediction of the world's return to a gold standard by 2014 as credit- and debt-based money collapses from over-issuance. The interview is headlined "Headed for a 'Gold Standard System' by 2014 -- Ian Gordon" and you can find it at MineWeb here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


 Join GATA here:
World Resource Investment Conference
Sunday-Monday, June 5-6, 2011
Vancouver Convention Centre East
Vancouver, British Columbia, Canada

http://cambridgehouse.com/conference-details/world-resource-investment-c...


Gold Rush 2011
GATA's London Conference
Thursday-Saturday, August 4-6, 2011
Savoy Hotel, London, England

http://www.gatagoldrush.com

Support GATA by purchasing gold and silver commemorative coins:


Or by purchasing a colorful GATA T-shirt:

Financial & Forex Info | Kitco New York Market Close Report






New York Market Close May 25/11 05:21 PM EDT
Metals Bid Ask Change Low High
Gold
1525.80
1526.80
-0.30
-0.02%
1520.50
1533.50
Silver
37.90
38.10
1.27
3.47%
36.10
38.15
Platinum
1781.00
1786.00
18.00
1.02%
1759.00
1791.00
Palladium
748.00
753.00
14.00
1.91%
731.00
756.00

The washington Post | Post Politics Afternoon Edition : Reports: John Edwards may face charges

The Washington Post

Politics Afternoon Edition

 

HEADLINES

  1. Reports: John Edwards may face charges

    The former North Carolina senator and two-time Democratic presidential candidate may soon face federal campaign-finance charges, according to several news organizations.
    » Read full article
  2. New York congressional race a wake-up call for GOP

    The Democratic victory in the traditionally Republican 26th district reminds the GOP that they have a long fight ahead in the battle for public opinion.
    » Read full article
  3. Gingrich avoids the press in New Hampshire

    Newt Gingrich seems to have developed a new strategy: take as few questions as possible.
    » Read full article
  4. Liberals want recess appointment for Elizabeth Warren

    Will President Obama tap Elizabeth Warren to head the newly-created Bureau of Consumer Financial Protection through a recess appointment?
    » Read full article
  5. Judge: Tucson suspect unfit for trial

    A federal judge has ruled that the suspect in the Arizona shooting rampage that wounded U.S. Congresswoman Gabrielle Giffords is mentally incompetent to stand trial, putting the criminal case on hold indefinitely.
    » Read full article

CFTC : CFTC Sanctions Cadent Financial Services LLC $125,000 for Supervision Violations


RELEASE: pr6042-11

  • 6042-11

    CFTC Sanctions Cadent Financial Services LLC $125,000 for Supervision Violations

    Chicago-based Cadent failed to supervise diligently its employees’ handling of customer orders.

    Washington, DC ― The U.S. Commodity Futures Trading Commission (CFTC) today filed and simultaneously settled charges against Cadent Financial Services LLC (Cadent), a registered Chicago, Ill.-based futures commission merchant, for failing to supervise diligently its employees and associated persons (APs) in their handling of commodity futures orders of a guaranteed introducing broker (GIB) of Cadent and the GIB’s AP, sole principal and owner.
    The CFTC order imposes a $125,000 civil monetary penalty and a cease and desist order on Cadent.
    The CFTC order finds that, from February 2007 through at least October 2007, the GIB’s AP engaged in an unlawful trade allocation scheme for his personal benefit and to the detriment of the GIB’s customers and that of a commodity pool operated by the GIB’s AP. The AP allocated post-execution trades and, therefore, was able to allocate the profitable or more profitable trades to his personal accounts and the unprofitable or less profitable trades to GIB customer accounts or the pool account, according to the order.
    The order finds that Cadent failed to follow procedures it had in place concerning the lacement of bunched orders by account managers and failed to ensure that it always received a post-allocation plan prior to or contemporaneously with the GIB’s AP’s filing of bunched orders. Cadent also permitted the GIB’s AP to make continual account changes to any allocations made, the order finds.
    Moreover, the order finds that Cadent failed to adequately respond to numerous indicators of questionable activity and to investigate whether the GIB’s AP’s post-execution allocations were detrimental to Cadent’s customers. Cadent also routinely allowed the GIB’s AP to change account numbers for allocations, at times, several days after the trade date, the order finds.
    CFTC Division of Enforcement staff responsible for this case are Kevin S. Webb, Michelle S. Bougas, Heather N. Johnson, James H. Holl, III, Gretchen L. Lowe and Vincent A. McGonagle.
    Last Updated: May 25, 2011

    Media Contacts



    Office of Public Affairs

SEC : Adopts Rules to Establish Whistleblower Program






SEC Adopts Rules to Establish Whistleblower Program

FOR IMMEDIATE RELEASE
2011-116

Video: Open Meeting
Play video of SEC Chairman Schapiro discussing the whistleblower program

Chairman Schapiro discusses the whistleblower program:
Windows Media Player

Text of
Chairman's statement
Washington, D.C., May 25, 2011 – The Securities and Exchange Commission today adopted rules to create a whistleblower program that rewards individuals who provide the agency with high-quality tips that lead to successful enforcement actions.

Additional Materials


The new SEC whistleblower program, implemented under Section 922 of the Dodd-Frank Act, is primarily intended to reward individuals who act early to expose violations and who provide significant evidence that helps the SEC bring successful cases.
To be considered for an award, the SEC’s rules require that a whistleblower must voluntarily provide the SEC with original information that leads to the successful enforcement by the SEC of a federal court or administrative action in which the SEC obtains monetary sanctions totaling more than $1 million.
“For an agency with limited resources like the SEC, it is critical to be able to leverage the resources of people who may have first-hand information about violations of the securities laws,” said SEC Chairman Mary L. Schapiro. “While the SEC has a history of receiving a high volume of tips and complaints, the quality of the tips we have received has been better since Dodd-Frank became law. We expect this trend to continue, and these final rules map out simplified and transparent procedures for whistleblowers to provide us critical information.”
The SEC’s rules will be effective 60 days after they are submitted to Congress or published in the Federal Register.
# # #

FACT SHEET

Establishing a Whistleblower Program
SEC Open Meeting
May 25, 2011

Background

Section 922 of the Dodd-Frank Wall Street Reform and Consumer Protection Act authorizes the SEC to pay rewards to individuals who provide the Commission with original information that leads to successful SEC enforcement actions and certain related actions.
In passing the Dodd-Frank Act, Congress substantially expanded the agency’s authority to compensate individuals who provide the SEC with information about violations of the federal securities laws. Prior to the Act, the agency’s bounty program was limited to insider trading cases and the amount of an award was capped at 10 percent of the penalties collected in the action.

Rules Requirements

The final rules define a whistleblower as a person who provides information to the SEC relating to a possible violation of the securities laws that has occurred, is ongoing or is about to occur.
To be considered for an award, the final rules require that a whistleblower must:

Voluntarily provide the SEC …

  • In general, a whistleblower is deemed to have provided information voluntarily if the whistleblower has provided information before the government, a self-regulatory organization or the Public Company Accounting Oversight Board asks for it directly from the whistleblower or the whistleblower’s representative.

… with original information …

  • Original information must be based upon the whistleblower’s independent knowledge or independent analysis, not already known to the Commission and not derived exclusively from certain public sources.

… that leads to the successful enforcement by the SEC of a federal court or administrative action …

  • A whistleblower’s information can be deemed to have led to a successful enforcement action if:
    1. The information is sufficiently specific, credible and timely to cause the Commission to open a new examination or investigation, reopen a closed investigation, or open a new line inquiry in an existing examination or investigation.
    2. The conduct was already under investigation when the information was submitted, and the information significantly contributed to the success of the action.
    3. The whistleblower reports original information through his or her employer’s internal whistleblower, legal, or compliance procedures before or at the same time it is passed along to the Commission; the employer provides the whistleblower’s information (and any subsequently-discovered information) to the Commission; and the employer’s report satisfies prongs (1) or (2) above.

… in which the SEC obtains monetary sanctions totaling more than $1 million.

  • The rules permit aggregation of multiple Commission cases that arise out of a common nucleus of operative facts as a single action. These may include proceedings involving the same or similar parties, factual allegations, alleged violations of the federal securities laws, or transactions or occurrences.
The final rules further define and explain these requirements.

Key Concepts

Avoiding Unintended Consequences:

Certain people generally will not be considered for whistleblower awards under the final rules.
These include:
  • People who have a pre-existing legal or contractual duty to report their information to the Commission.
  • Attorneys (including in-house counsel) who attempt to use information obtained from client engagements to make whistleblower claims for themselves (unless disclosure of the information is permitted under SEC rules or state bar rules).
  • People who obtain the information by means or in a manner that is determined by a U.S. court to violate federal or state criminal law.
  • Foreign government officials.
  • Officers, directors, trustees or partners of an entity who are informed by another person (such as by an employee) of allegations of misconduct, or who learn the information in connection with the entity’s processes for identifying, reporting and addressing possible violations of law (such as through the company hotline).
  • Compliance and internal audit personnel.
  • Public accountants working on SEC engagements, if the information relates to violations by the engagement client.
However, in certain circumstances, compliance and internal audit personnel as well as public accountants could become whistleblowers when:
  • The whistleblower believes disclosure may prevent substantial injury to the financial interest or property of the entity or investors.
  • The whistleblower believes that the entity is engaging in conduct that will impede an investigation.
  • At least 120 days have elapsed since the whistleblower reported the information to his or her supervisor or the entity’s audit committee, chief legal officer, chief compliance officer – or at least 120 days have elapsed since the whistleblower received the information, if the whistleblower received it under circumstances indicating that these people are already aware of the information.
Certain other people – such as employees of certain agencies and people who are criminally convicted in connection with the conduct – are already excluded by Dodd-Frank.
Under the final rules, the Commission also will not pay culpable whistleblowers awards that are based upon either:
  • The monetary sanctions that such culpable individuals themselves pay in the resulting SEC action.
  • The monetary sanctions paid by entities whose liability is based substantially on conduct that the whistleblower directed, planned or initiated.
The purpose of this provision is to prevent wrongdoers from benefitting by, in effect, blowing the whistle on themselves.

Providing Information to the Commission and Seeking a Reward:

The rules also describe the procedures for submitting information to the SEC and for making a claim for an award after an action is brought. The claim procedures provide opportunities for whistleblowers to fairly present their claim before the Commission makes a final award determination.
Under the final rules, the SEC also will pay an award based on amounts collected in related actions brought by certain agencies that are based upon the same original information that led to a successful SEC action.

Clarifying Anti-Retaliation Protection:

Under the rules, a whistleblower who provides information to the Commission is protected from employment retaliation if the whistleblower possesses a reasonable belief that the information he or she is providing relates to a possible securities law violation that has occurred, is ongoing, or is about to occur. In addition, the rules make it unlawful for anyone to interfere with a whistleblower’s efforts to communicate with the Commission, including threatening to enforce a confidentiality agreement.

Supporting Internal Compliance Programs:

The final rules do not require that employee whistleblowers report violations internally in order to qualify for an award. However, the rules strengthen incentives that had been proposed and add certain additional incentives intended to encourage employees to utilize their own company’s internal compliance programs when appropriate to do so.
For instance, the rules:
  • Make a whistleblower eligible for an award if the whistleblower reports internally and the company informs the SEC about the violations.
  • Treat an employee as a whistleblower, under the SEC program, as of the date that employee reports the information internally – as long as the employee provides the same information to the SEC within 120 days. Through this provision, employees are able to report their information internally first while preserving their “place in line” for a possible award from the SEC.
  • Provide that a whistleblower’s voluntary participation in an entity’s internal compliance and reporting systems is a factor that can increase the amount of an award, and that a whistleblower’s interference with internal compliance and reporting is a factor that can decrease the amount of an award.

Other Recent Actions

Office of the Whistleblower:

In addition to whistleblower rules, the Dodd-Frank Act called upon the SEC to create an Office of the Whistleblower. That office, now headed by Sean McKessy, works with whistleblowers, handles their tips and complaints, and helps the Commission determine the awards for each whistleblower. The initial staffing of the office has been completed and the Investor Protection Fund, which will be used to pay awards to eligible whistleblowers, has been fully funded.

http://www.sec.gov/news/press/2011/2011-116.htm





Financial & Forex Info | Daily Investor Update: Rebound In Underperformers Ends Wall Street Losin Streak








News

LATEST NEWS
Rebound in underperformers ends Wall Street losing streak
NEW YORK (Reuters) - U.S. stocks ended a three-day losing streak on Wednesday as recent underperformers led a thinly traded rally that wasn't seen as strong enough to overcome worries about waning global demand. | Full Article

Data points to slowing manufacturing activity
May 25, 2011 01:27 PM ET
WASHINGTON (Reuters) - New orders for U.S. manufactured goods posted their largest drop in six months in April after a steep fall in demand for transportation equipment, suggesting some cooling in factory activity. | Full Article
AIG stock dips after $8.7 billion share sale
May 25, 2011 04:33 PM ET
NEW YORK (Reuters) - Shares of American International Group Inc fell 5 percent on Wednesday as investors recognized that the government's exit from the insurer could take a long time. | Full Article
Whistleblower rule approved by divided SEC
May 25, 2011 03:49 PM ET
WASHINGTON (Reuters) - Corporate whistleblowers could score multi-million-dollar payouts for reporting financial wrongdoing under a new program approved by securities regulators on Wednesday. | Full Article
Rajaratnam seeks to throw out guilty verdict
May 25, 2011 02:45 PM ET
NEW YORK (Reuters) - Lawyers for hedge fund tycoon Raj Rajaratnam asked a judge on Wednesday to throw out the Galleon Group founder's conviction on insider trading charges. | Full Article

US TOP NEWS
Republicans defend Medicare plan after setback
May 25, 2011 02:41 PM ET
WASHINGTON (Reuters) - Republicans on Wednesday rushed to defend their drive to cut government health spending amid signs it may spur a backlash from voters and weaken their hand in talks to tame the national debt. | Full Article
Alleged Tucson shooter ruled incompetent for trial
May 25, 2011 03:49 PM ET
TUCSON, Ariz (Reuters) - Shooting rampage suspect Jared Loughner is not mentally competent to stand trial on charges he killed six people and wounded Arizona Congresswoman Gabrielle Giffords, a federal judge ruled on Wednesday. | Full Article
Democrats see Medicare as potent campaign weapon
May 25, 2011 02:40 PM ET
WASHINGTON (Reuters) - An upset Democratic win in a congressional election in New York showed the power of Medicare as a campaign issue, giving the party new hope and a possible blueprint for reversing last year's heavy losses in 2012. | Full Article
Obama warns Gaddafi of "no let up"
May 25, 2011 02:25 PM ET
LONDON/TRIPOLI (Reuters) - President Barack Obama warned Libyan leader Muammar Gaddafi on Wednesday there would be 'no let up' in pressure on him to go, following a second successive night of heavy NATO bombing in Tripoli. | Full Article
France's Lagarde launches IMF bid as BRICs complain
May 25, 2011 01:28 PM ET
PARIS/WASHINGTON (Reuters) - French Finance Minister Christine Lagarde joined the race to head the IMF on Wednesday despite anger in big emerging economies over Europe's "obsolete" lock on the job. | Full Article

HEALTH NEWS
Americans want to "keep Medicaid as it is": survey
Does aspirin cut deaths? New study clouds picture
Short wait for breast cancer surgery seems safe
More U.S. women using medications during pregnancy
Menopause age related to when mom went through it

CBS POLITICAL HOTSHEET TOP STORIES Obama makes light of royal toast blunder

The CBS News Political Hotsheet newsletter
CBS POLITICAL HOTSHEET TOP STORIES    



   
President jokes that he thought the musical interruption of his toast to Queen Elizabeth was meant to serve as a soundtrack
Read full story
Obama makes light of royal toast blunder

Dems move to offense with Kathy Hochul victory Victory in Tuesday's election may not be a trend, though it marks a shift to offense for Democrats

Elizabeth Warren supporters hound GOP congressman Liberal backers of the Wall Street critic are criticizing Rep. Patrick McHenry for accusing Warren of lying

George Pataki hints he may enter 2012 race Former New York governor says he may enter Republican field in the next month; has focused on fiscal issues

Obama's British code name isn't News outlets report that President Obama had been given a derogatory nickname by Scotland Yard - but it isn't actually true