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Tuesday, July 10, 2012 9:51 PM PDT

Today's Politics - Bloomberg News Headlines - Yahoo! News: U.S. Episcopal Church approves blessing of gay unions Russia drafts resolution to extend U.N. Syria mission Barclays' Diamond accused of misleading inquiry Top Barclays shareholders call for external chairman: FT FBI warned Labor Department data might be leaked: report Obama expands lead on Romney, voters more optimistic Attacks on Romney for offshore assets, taxes heat up Wisconsin Senator will not challenge recall defeat Navy unveils new shore energy policy Episcopal Church approves liturgy for blessing gay unions Flood risk to rise fourfold by 2035: report Analysis: New Arab Spring triumph eluding Islamists in Libya Migrants die of thirst off North African coast: U.N Annan says Iran must be player in Syria crisis talks New name, old campaign as Republicans wage war on "Obamacare" Gilberto Gil, South Africa's "Voice" premiere Viramundo Ohio governor commutes death sentence for third time in 13 months Recent spate of financial scandals raises ire in Washington Canada to study health impact of wind turbine noise Hungary PM sets tough ground for IMF credit talks Tax businesses see profits in healthcare law Romney tax plan would eat into popular breaks: study Obama takes tax fight to election battleground of Iowa Egypt court overrules president over parliament Romney may name running mate early in election race Analysis: Little-known U.S. board stokes hot pension debate House bill looks to stop future "Solyndras" Caught unawares: The night the Russian floods came Rockwell Collins mulls changes to defense business Canada court tackles election with 26-vote margin Pork producers grumble over Canada in Asia-Pacific talks In Philadelphia, charities challenge ban on feeding the homeless Lockheed Martin cuts workforce by 740 employees Texas drought, British heat linked to climate change Romanian court leaves impeachment on knife edge German finance minister: alternative to stabilizing euro is breakup Canadian scientists protest against spending cuts EU farmers deliver moo-ving "milk lake" protest Gates Foundation to pledge funds for contraception Texas, U.S. government argue over impact of voter ID law U.S. Episcopal Church approves blessing of gay unions Tue,10 Jul 2012 07:17 PM PDT Reuters - INDIANAPOLIS (Reuters) - The U.S. Episcopal Church on Tuesday approved a liturgy for clergy to use in blessing same-sex unions, including gay marriages in states where they are legal, becoming the largest U.S. religious denomination to approve such a ritual. Delegates to its triennial convention voted 171-50 to approve the liturgy, titled "the Witnessing and Blessing of a Lifelong Covenant." Episcopal bishops had voted overwhelmingly on Monday in favor of the text. The U.S. Episcopal Church, part of the worldwide Anglican Communion, is the 14th largest U.S. ... Full Story Top Russia drafts resolution to extend U.N. Syria mission Tue,10 Jul 2012 07:14 PM PDT Reuters - UNITED NATIONS (Reuters) - Russia circulated among U.N. Security Council members on Tuesday a draft resolution to extend a U.N. mission in Syria for three months so it can shift focus from monitoring a non-existent truce to securing a political solution to the conflict. The deeply divided council must decide the future of the mission, known as UNSMIS, before July 20 when its initial 90-day mandate expires. International envoy Kofi Annan is due to brief the council on Wednesday on his bid to broker peace in Syria. ... Full Story Top Barclays' Diamond accused of misleading inquiry Tue,10 Jul 2012 06:50 PM PDT Reuters - LONDON (Reuters) - British lawmakers on Tuesday accused Barclays former chief executive Bob Diamond of misleading a parliamentary inquiry into an interest rate-fixing scandal that has forced him to resign and give up bonuses worth up to 20 million pounds ($30 million). Diamond hit back, calling the comments made by a parliamentary committee "unfair and unfounded". The affair became a major political issue in Britain this month, after authorities fined Barclays more than $450 million for its part in manipulating a crucial interbank interest rate. Diamond resigned on July 3. ... Full Story Top Top Barclays shareholders call for external chairman: FT Tue,10 Jul 2012 06:50 PM PDT Reuters - LONDON (Reuters) - Top Barclays shareholders are calling for the appointment of an external chairman to repair the bank's reputation after an interest rate-fixing scandal led authorities to impose a fine of more than $450 million, the Financial Times reported. Sir Michael Rake, now deputy chairman of Barclays, has been touted to succeed the outgoing Marcus Agius, the chairman of Barclays when its traders fiddled the rate. Three of Barclays' top 10 investors told the FT that it would be unacceptable for the chairman to be an internal appointment. ... Full Story Top FBI warned Labor Department data might be leaked: report Tue,10 Jul 2012 06:08 PM PDT Reuters - WASHINGTON (Reuters) - The Labor Department's recent tightening of security around sensitive economic data came after the FBI and market regulators expressed worries that the data could be leaked, according to a report posted on a government website on Tuesday. The report highlighted concerns that financial institutions had in effect gained access to the Labor Department's press room to get an early glimpse of economic reports. The most prominent of that data is the monthly jobs report, which can trigger big swings in stock and bond markets. ... Full Story Top Obama expands lead on Romney, voters more optimistic Tue,10 Jul 2012 06:02 PM PDT Reuters - WASHINGTON (Reuters) - President Barack Obama expanded his lead over Republican challenger Mitt Romney to 6 percentage points in the White House race this month as voters became slightly more optimistic about the economy, a Reuters/Ipsos poll showed on Tuesday. Four months before the November 6 election, Obama leads Romney among registered voters 49 percent to 43 percent. In June, Obama held a slim 1-point lead over the former Massachusetts governor. ... Full Story Top Attacks on Romney for offshore assets, taxes heat up Tue,10 Jul 2012 05:55 PM PDT Reuters - CEDAR RAPIDS, Iowa/GRAND JUNCTION, Colo. (Reuters) - President Barack Obama's re-election team stepped up attacks on Mitt Romney for holding offshore assets and urged him to release more tax returns, pushing hard on an issue that could be a weak point for the Republican presidential candidate. The Obama campaign and top Democrats took to the Internet and airwaves on Tuesday with accusations that Romney is being secretive about his wealth as they seek to cement an image of the Republican candidate as a multi-millionaire who is out of touch with ordinary Americans. ... Full Story Top Wisconsin Senator will not challenge recall defeat Tue,10 Jul 2012 05:34 PM PDT Reuters - MILWAUKEE (Reuters) - Republican Wisconsin Senator Van Wanggaard on Tuesday said he will not challenge the results of his June recall election defeat that gives Democrats the majority in the state Senate. His concession confirmed a consolation prize for Democrats, who failed to oust Republican Governor Scott Walker in a nationally watched June 5 recall election. Wanggaard had until Tuesday to file a lawsuit in court to contest the results of a recount that showed he lost to Democrat challenger John Lehman by 819 votes, or 1 percent. ... Full Story Top Navy unveils new shore energy policy Tue,10 Jul 2012 04:56 PM PDT Reuters - WASHINGTON (Reuters) - The Navy unveiled a major update of its energy policies ashore on Tuesday, calling for improved efficiency, greater conservation and increased use of renewable power to cut energy consumption in half at bases worldwide by the end of the decade. Vice Admiral Phil Cullom, deputy chief of naval operations, said the first updated energy policy for shore installations in 18 years was aimed primarily at improving energy security for the Navy's 70 bases and other facilities worldwide. ... Full Story Top Episcopal Church approves liturgy for blessing gay unions Tue,10 Jul 2012 04:55 PM PDT Reuters - INDIANAPOLIS (Reuters) - The Episcopal Church approved a liturgy on Tuesday that clergy can use to bless same-sex unions, including gay marriages in states where they are legal, the first U.S. religious denomination to approve such a ritual. Delegates to the triennial convention of the 14th largest U.S. religious denomination approved a resolution establishing a liturgy to be used in such blessings. Episcopal bishops had voted to approve the resolution on Monday. ... Full Story Top Flood risk to rise fourfold by 2035: report Tue,10 Jul 2012 04:02 PM PDT Reuters - LONDON (Reuters) - The risk of flooding for many English homes and businesses could increase fourfold by 2035 if more action to deal with the impact of climate change is not taken, government advisers said on Wednesday. As severe floods continue to batter parts of Britain after the wettest June since records began, the climate advisers said more investment and better planning for new housing in flood plains was needed. "We must take adaptation more seriously if we are to manage the growing risks of floods and droughts," said John Krebs, the chairman of a climate change advisory panel. ... Full Story Top Analysis: New Arab Spring triumph eluding Islamists in Libya Tue,10 Jul 2012 03:49 PM PDT Reuters - TRIPOLI (Reuters) - Early results from Libya's first election since the fall of Muammar Gaddafi show Islamist parties failing to secure the same grip on power as counterparts in neighboring countries where the Arab Spring also toppled veteran rulers. But while partial tallies from Saturday's national assembly poll point to a lead for Mahmoud Jibril, a moderate who was the wartime rebel prime minister, that does not mean the new Libya will jettison its socially conservative brand of Islam. ... Full Story Top Migrants die of thirst off North African coast: U.N Tue,10 Jul 2012 03:42 PM PDT Reuters - ROME (Reuters) - Fifty four people trying to reach Italy from Libya died of thirst after a 15-day voyage in which their rubber boat gradually deflated, the United Nations Refugee Agency (UNHCR) said on Tuesday, citing the sole survivor. It said the man, an Eritrean national, was rescued by Tunisian coastguards in a state of advanced dehydration clinging to the remains of the boat after being spotted by fishermen the previous night, the agency said. The man said he left Libya towards the end of June as part of a 55-strong group, half of whom came from Eritrea. ... Full Story Top Annan says Iran must be player in Syria crisis talks Tue,10 Jul 2012 03:37 PM PDT Reuters - BEIRUT (Reuters) - U.N. peace envoy Kofi Annan waded into big power politics on Tuesday, insisting regional heavyweight Iran should be involved in efforts to find a peaceful solution to the Syria crisis despite the West's firm rejection of a role for Tehran. The United States and its NATO and Gulf Arab allies are opposed to involving the Islamic Republic, which strongly backs Syrian President Bashar al-Assad and is regarded as their main adversary in the Middle East. Such diplomatic rifts have prevented effective international action to end the 16-month-old conflict in Syria. ... Full Story Top New name, old campaign as Republicans wage war on "Obamacare" Tue,10 Jul 2012 03:19 PM PDT Reuters - WASHINGTON (Reuters) - Since Republicans took control of the House of Representatives, they have introduced by their own count 30 bills to get rid of or gut the law they call "Obamacare," bearing titles such as the "Reclaiming Individual Liberty Act," the "repeal the Job killing health care law" act and the "NObamacare Act of 2012." On Tuesday they began debate on the 31st, the "Repeal of the Obamacare Act," which is certain to win passage when the House votes on Wednesday and just as certain to go no further, since the Senate and White House are both in Democratic hands. ... Full Story Top Gilberto Gil, South Africa's "Voice" premiere Viramundo Tue,10 Jul 2012 03:04 PM PDT Reuters - MONTREUX, Switzerland (Reuters) - Brazil's Gilberto Gil showcased joyful African-inspired music despite being tinged with themes of poverty, slavery and painful reconciliation at the Montreux Jazz Festival on Tuesday night. Teaming up with South African folk star Vusi Mahlasela also on guitar, Gil's "Viramundo" concert offered a sneak preview of an upcoming documentary on his road trip rich in cross-cultural collaboration. ... Full Story Top Ohio governor commutes death sentence for third time in 13 months Tue,10 Jul 2012 02:52 PM PDT Reuters - CLEVELAND (Reuters) - Ohio Governor John Kasich on Tuesday commuted the death sentence of a man scheduled to be executed July 26, marking the third time in 13 months the first-term Republican has halted a death sentence. John Jeffrey Eley was convicted for shooting Ihsan Aydah dead during a 1986 robbery in Youngstown, Ohio. Eley confessed to the killing and was sentenced to death in 1987 after withdrawing a plea of not guilty by reason of insanity. Kasich commuted Eley's sentence despite the advice of the Ohio Parole Board, which voted not to grant clemency. ... Full Story Top Recent spate of financial scandals raises ire in Washington Tue,10 Jul 2012 02:38 PM PDT Reuters - WASHINGTON (Reuters) - A fresh burst of scandals, including allegations that major banks tried to manipulate global benchmark interest rates and another case of missing customer funds at a futures brokerage, has raised Washington's ire on both sides of the political aisle. One leading Republican in Congress blasted regulators for failing to detect banks' attempted manipulation of the London Interbank Offered Rate, or Libor, and House Republicans have requested documents to determine when U.S. regulators knew of problems with the index. ... Full Story Top Canada to study health impact of wind turbine noise Tue,10 Jul 2012 02:33 PM PDT Reuters - (Reuters) - Canada will conduct a study to explore if there is a relationship between wind turbine noise and health problems reported by people living near wind power developments, the government health department said on Tuesday. "This study is in response to questions from residents living near wind farms about possible health effects of low frequency noise generated by wind turbines," Leona Aglukkaq, Canada's health minister, said in a statement. ... Full Story Top Hungary PM sets tough ground for IMF credit talks Tue,10 Jul 2012 02:32 PM PDT Reuters - BUDAPEST (Reuters) - Hungary's government will only accept conditions in loan talks with the IMF and EU that serve the country's interests and will stick with a new transaction tax even if the European Central Bank opposes it, Prime Minister Viktor Orban said on Tuesday. Orban's government is due to start negotiations with the International Monetary Fund and the European Union about a financing backstop next week. ... Full Story Top Tax businesses see profits in healthcare law Tue,10 Jul 2012 02:20 PM PDT Reuters - WASHINGTON (Reuters) - While some see the new healthcare law as a source of controversy, tax preparation companies see it as an opportunity, hoping it will bring in millions of new and confused customers. Under the Affordable Care Act, most of those who sign up for health insurance will receive a federal tax credit. At the same time, the government will impose a tax on most people who do not obtain health insurance. Either way, more Americans are likely to need help with their taxes, even though the Internal Revenue Service aims to keep the new rules as simple as possible. ... Full Story Top Romney tax plan would eat into popular breaks: study Tue,10 Jul 2012 02:08 PM PDT Reuters - WASHINGTON (Reuters) - Republican presidential candidate Mitt Romney's pitch to slash taxes by 20 percent across-the-board would require cuts of about $320 billion in popular tax breaks to avoid adding to the deficit, a nonpartisan analysis said on Tuesday. The report by the Tax Policy Center found that to pare tax rates to the level promised by Romney, a third of the $1.1 trillion in so-called federal tax expenditures would have to be axed to prevent the federal budget deficit from growing. The budget is a key point of political contention this election year. ... Full Story Top Obama takes tax fight to election battleground of Iowa Tue,10 Jul 2012 02:00 PM PDT Reuters - CEDAR RAPIDS, Iowa (Reuters) - President Barack Obama took his message for "tax fairness" on the campaign trail on Tuesday, visiting the election battleground state of Iowa to tout calls for middle-class tax relief and paint Republicans as the party that favors the rich. A day after he proposed extending Bush-era tax cuts for families making less than $250,000 annually, Obama told a campaign rally that if Congress did not act, the average family of four would have to pay about $2,200 more in taxes next year. ... Full Story Top Egypt court overrules president over parliament Tue,10 Jul 2012 01:53 PM PDT Reuters - CAIRO (Reuters) - Egypt's Islamist-led parliament reconvened on Tuesday in an open challenge to the generals who dissolved it last month. The supreme court swiftly ruled the newly elected, Islamist president had acted illegally in summoning the assembly, heightening a confrontation between the newly elected head of state and an establishment that once served Hosni Mubarak. The legislature, dominated by President Mohamed Mursi's Muslim Brotherhood and allies, was dismissed by the army in line with a Supreme Constitutional Court ruling last month, days before Mursi's election. ... Full Story Top Romney may name running mate early in election race Tue,10 Jul 2012 01:45 PM PDT Reuters - GRAND JUNCTION, Colo. (Reuters) - Republican presidential candidate Mitt Romney acknowledged on Tuesday he is considering naming his choice to serve as vice presidential running mate earlier than usual to better compete with President Barack Obama. As they work from a short list of leading Republicans, Romney and his advisers say they are weighing whether he should announce his choice some weeks earlier than the traditional time of around the Republican National Convention, which is to be held in Tampa in late August. ... Full Story Top Analysis: Little-known U.S. board stokes hot pension debate Tue,10 Jul 2012 01:36 PM PDT Reuters - (Reuters) - The feedback was swift and often scathing when a little-known public board signaled its intent to toughen the accounting rules governing state and local pension funds of millions of U.S. public employees, intensifying worries over a shortfall of billions of dollars. The plan by the Governmental Accounting Standards Board (GASB) - which was approved on June 25 - drew praise from the American Institute of Certified Public Accountants and from investors looking for transparency in the $3.7 trillion municipal bond markets. ... Full Story Top House bill looks to stop future "Solyndras" Tue,10 Jul 2012 01:34 PM PDT Reuters - WASHINGTON (Reuters) - Republican lawmakers unveiled legislation on Tuesday to end a program offering loan support for clean energy companies, keeping alive the issue of a massive loan to solar panel maker Solyndra, which subsequently filed for bankruptcy. Solyndra received more than $500 million in government support and has become a political talking point for Republicans in the run-up to November's election and an embarrassment to the administration of President Barack Obama. ... Full Story Top Caught unawares: The night the Russian floods came Tue,10 Jul 2012 01:33 PM PDT Reuters - KRYMSK, Russia (Reuters) - Aziza Azimova went to bed at the same time as usual on Friday, watched television for a while and then turned out the light, unconcerned about the rain teeming down outside. The lamp had flickered a little and she got up to glance outside. Floods have been a hazard before in town. But no water was pooling in her garden and she went back to bed. Azimova, 54, was totally unprepared for what happened next in Krymsk, a sprawling country town on the edge of the Caucasus mountains of southern Russia. ... Full Story Top Rockwell Collins mulls changes to defense business Tue,10 Jul 2012 01:25 PM PDT Reuters - FARNBOROUGH, England (Reuters) - Rockwell Collins, stung by U.S. program cuts, said on Tuesday it expected most of its defense portfolio would remain intact as it considers trimming its government business. While there could be changes that result in the exploration of strategic alternatives for some parts of the defense business, Chief Executive Clay Jones said he expected most of the defense portfolio to be deemed core to the company. "I don't think the company needs open heart surgery," Jones said in an interview at the Farnborough Airshow. ... Full Story Top Canada court tackles election with 26-vote margin Tue,10 Jul 2012 01:15 PM PDT Reuters - OTTAWA (Reuters) - The Supreme Court of Canada wrestled with how easily an election can be overturned because of clerical errors on Tuesday in a case brought by a Liberal candidate who lost a federal election last year by 26 votes. The court's decision on the race in a Toronto district, between Conservative Ted Opitz and Liberal Borys Wrzesnewskyj, will not jeopardize the Conservative government's hold on power, because it has a comfortable majority in Parliament. ... Full Story Top Pork producers grumble over Canada in Asia-Pacific talks Tue,10 Jul 2012 01:03 PM PDT Reuters - WASHINGTON (Reuters) - Pork producers in the United States, Australia and New Zealand urged their governments on Tuesday to push for an end to Canadian pork subsidies as Canada enters into talks on an Asia-Pacific free trade agreement. "Canada needs to end its federal and provincial hog subsidy programs, which are distorting the North American and world pork markets," R.C. Hunt, president of the National Pork Producers Council, said in a statement with industry leaders from the two South Pacific countries. ... Full Story Top In Philadelphia, charities challenge ban on feeding the homeless Tue,10 Jul 2012 12:53 PM PDT Reuters - PHILADELPHIA (Reuters) - A new law in Philadelphia banning the feeding of homeless people on city parkland came under fire on Tuesday in court, where Mayor Michael Nutter defended it as part of a broader plan to care for the poor. The law is being challenged in U.S. District Court by critics who say it is an effort to clear homeless people away from land along Benjamin Franklin Parkway, home to tourist attractions such as the Philadelphia Museum of Art, the Rodin Museum and the newly relocated Barnes Foundation collection. ... Full Story Top Lockheed Martin cuts workforce by 740 employees Tue,10 Jul 2012 12:48 PM PDT Reuters - (Reuters) - Lockheed Martin Corp , the Pentagon's largest supplier, said it was reducing its workforce by 740 employees at its mission systems and sensors business to save costs amid U.S. defense budget cuts. Lockheed said it notified 308 U.S.-based employees on Tuesday that they will no longer have employment with the company. About 432 employees participated in a voluntary layoff program in May, the company said. Lockheed had a total of about 123,000 employees as of December 31, 2011. ... Full Story Top Texas drought, British heat linked to climate change Tue,10 Jul 2012 12:38 PM PDT Reuters - WASHINGTON (Reuters) - Climate change increased the odds for the kind of extreme weather that prevailed in 2011, a year that saw severe drought in Texas, unusual heat in England and was one of the 15 warmest years on record, scientists reported on Tuesday. Overall, 2011 was a year of extreme events - from historic droughts in East Africa, northern Mexico and the southern United States to an above-average cyclone season in the North Atlantic and the end of Australia's wettest two-year period ever, scientists from the U.S. ... Full Story Top Romanian court leaves impeachment on knife edge Tue,10 Jul 2012 12:38 PM PDT Reuters - BUCHAREST (Reuters) - Romania's Constitutional Court gave President Traian Basescu a fighting chance of beating a referendum aimed at ousting him, ruling on Tuesday that at least half the electorate must turn out for the vote to be valid. The ruling Social Liberal Union (USL) said it deemed a decree passed last week, stating that there is no turnout threshold, to be still valid, presaging a further constitutional battle and likely condemnation from Europe and the markets. ... Full Story Top German finance minister: alternative to stabilizing euro is breakup Tue,10 Jul 2012 12:19 PM PDT Reuters - KARLSRUHE, Germany (Reuters) - German Finance Minister Wolfgang Schaeuble told the country's Constitutional Court on Tuesday that the euro zone faced a messy breakup if measures were not taken to stabilize the common currency. "The alternative to stabilizing the common currency is a breakup with consequences that are difficult to predict," he said at the end of a day-long court hearing on the euro zone's bailout fund and a new fiscal pact. (Reporting by Sarah Marsh, editing by Gareth Jones) Full Story Top Canadian scientists protest against spending cuts Tue,10 Jul 2012 12:18 PM PDT Reuters - OTTAWA (Reuters) - Several hundred Canadian scientists and their supporters held an unprecedented protest march on Tuesday to demonstrate against the government's decision to close down major facilities and fire research staff. The protesters, who say the right-of-center Conservative government dislikes science, walked through central Ottawa behind a woman dressed as the Grim Reaper and a coffin designed to mourn the "Death of Evidence". "Evidence is the way that adults navigate reality. To deny evidence is to live in a fairy world ... ... Full Story Top EU farmers deliver moo-ving "milk lake" protest Tue,10 Jul 2012 12:14 PM PDT Reuters - BRUSSELS (Reuters) - Dairy farmers sprayed thousands of liters of milk outside the European Parliament in Brussels on Tuesday, creating a "milk lake" to protest against low prices. Protesters from around Europe, including Italy, Germany, Ireland and France blocked off a square with tractors and statues of cows brightly painted in the national colors of EU member states. One milk producer perched on a haystack and used an industrial-sized hose to spray the contents of a milk truck into a makeshift tarpaulin pool, splashing demonstrators, spectators and reporters. ... Full Story Top Gates Foundation to pledge funds for contraception Tue,10 Jul 2012 12:01 PM PDT Reuters - LONDON (Reuters) - The Bill and Melinda Gates Foundation is set to unveil funding a sum in the hundreds of millions of dollars for a campaign to improve access to contraception in the developing world. The exact amount will be announced at a summit of world leaders and aid organizations in London on Wednesday, but in an interview with Reuters, Melinda Gates said the commitment would be "on a par" with the foundation's other big programs, like that against malaria, AIDS and tuberculosis. ... Full Story Top Texas, U.S. government argue over impact of voter ID law Tue,10 Jul 2012 12:01 PM PDT Reuters - WASHINGTON (Reuters) - Lawyers for Texas and the federal government clashed on Tuesday over how many people could be barred from casting ballots under a state law requiring voters to present photo identification, in a landmark case that could end up before the U.S. Supreme Court. A study cited by the U.S. government says that 1.5 million Texas voters lack the photo identification required to vote, a figure that lawyers for Texas say is vastly inflated. "It's a mess," District Judge Rosemary Collyer, one of three judges hearing the case, said of the disparity. ... Full Story Top

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