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| President Bush named federal appeals court judge John G. Roberts Jr. to get a seat on the Supreme court Tuesday, delighting Republicans while unsettling some Democrats using the selection of a young jurist with impeccable conservative credentials."John Roberts has devoted his entire career to the cause of justice," Bush said in a prime-time announcement at the White House, "and is widely admired for his intellect his sound judgment and his personal decency."If confirmed by the Republican-controlled Senate, the 50-year-old Roberts would succeed retiring Justice Sandra Day O'Connor, who may have long been a swing vote with a court divided narrowly on issues for example abortion, affirmative action, states' rights and the death penalty.Roberts stood at Bush's side since the president heaped praise on him, calling him "one of the finest legal minds" in the country.The president said he had recently spoken with Senate leaders of both parties and said they "share my goal" of confirmation proceedings conducted with dignity and fairness.In a nutshell remarks, Roberts said it "is both an honor and intensely humbling to be nominated to serve on the Supreme Court." He said he has argued numerous cases prior to the high court during his career, adding, "I always received a lump in my throat whenever I walked up those marble steps to argue in a situation before the court, and I don't think it was just in the nerves."A senior administration official told CBS News the president consulted with greater than 70 members of the Senate and interviewed five candidates. The state run said that Mr. Bush met with Roberts at the White House on an hour on Friday prior to his decision.Roberts has become on the U.S. Court of Appeals for your District of Columbia Circuit since June 2003 after being picked for your seat by Bush.CBS News Correspondent Barry Bagnato reports that Roberts won't have nationwide name recognition, but also in Republican circles, he is a known commodity with the impressive resume. Only 50, Roberts could be a force on the high court for decades.Advocacy groups around the right say that Roberts, a 50-year-old native of Buffalo, N.Y., who attended Harvard School, is a bright judge with strong conservative credentials he burnished within the administrations of former Presidents Bush and Reagan. When he has been a federal judge for just a little more than two years, legal specialists say that whatever experience he lacks around the bench is offset by his several years arguing cases prior to Supreme Court.Liberal groups, however, say Roberts has taken positions in cases involving free speech and religious liberty that endanger those rights. CBS News reports that Democrats initially responded that Roberts has "suitable legal credentials" however that the Senate Judiciary Committee must carefully review his record.Abortion rights groups allege that Roberts is hostile to women's reproductive freedom and cite a shorter he co-wrote in 1990 that suggested the final Court overturn Roe v. Wade, the landmark 1973 high court decision that legalized abortion."The court's conclusion in Roe that there is a fundamental right to an abortion ... finds no support within the text, structure or good the Constitution," the brief said. no previous page next 1/2 mitzy messenger mulberry
President Vladimir Putin said Thursday that Russia's test-firing of new missiles this week was a reply to U.S. intends to build missile defense sites across Europe, and suggested Washington is pursuing an imperialist policy containing triggered a new arms race.In the clear reference to the United states of america, Putin harshly criticized "diktat and imperialism" in global affairs and warned that Russia will keep strengthening its military possible ways to maintain a global strategic balance."It wasn't us who initiated a new round of arms race," Putin said when inquired on Russia's missile tests immediately at a news conference in Moscow.In Washington, White House spokesman Gordon Johndroe indicated that Moscow's tests only underscore the U.S. contention how the missile defense system may not be a threat to Russia."Russia's strong missile capabilities are no match for our European missile defense plans will not upset the strategic balance in your community," Johndroe said.Putin described the tests of your new ballistic missile capable of carrying multiple nuclear warheads as well as a new cruise missile contained in the Russian response to the planned deployment of recent U.S. military bases and missile defense sites in ex-Soviet satellites in eastern Europe.He assailed america and other NATO members for failing to ratify an amended type of the 1990 Conventional Forces in Europe treaty, which limits the deployment of heavy non-nuclear weapons round the continent."We have signed and ratified the CFE and they are fully implementing it. We've got pulled out all our heavy weapons from the European part of Russia to (locations) behind the Ural Mountains and cut our military by 300,000 men," Putin said."And what about our partners? They're filling Eastern Europe with new weapons. A brand new base in Bulgaria, one more in Romania, a (missile defense) site in Poland along with a radar in the Czech Republic," he was quoted saying. "What we are supposed to do? We can not just sit back and consider that."Putin and other Russian officials have repeatedly rejected U.S. assurances that the planned missile defense installations are made to counter a potential threat from nations for example Iran and pose no danger to Russia.He reaffirmed his warning that Russia would opt out from the CFE treaty altogether if NATO nations neglect to ratify its amended version."Either you ratify the treaty and commence observing it, or we'll opt out of it," Putin said.In remarks provided to Washington, Putin blasted those "who need to dictate their will to all or any others regardless of international norms and law.""It's dangerous and harmful," he added. "Norms with the international law were substituted with political expediency. We view it diktat and imperialism."In one of the tests Tuesday, a prototype of Russia's new intercontinental ballistic missile, referred to as the RS-24, was fired coming from a mobile launcher at the Plesetsk launch site in northwestern Russia and its particular test warhead landed on target 3,400 miles away for the Kamchatka Peninsula in the far eastern the main country, officials said.Deploying a brand new missile capable of carrying multiple nuclear warheads could allow Russia to keep up nuclear parity using the United States despite having to gradually decommission Soviet-built ICBMs.The military also tested a fresh cruise missile in line with the existing short-range Iskander missile.First Deputy Prime Minister Sergei Ivanov, widely seen as a potential Kremlin candidate to have success Putin, hailed the missile's capability on Thursday."It can be utilized at long range with surgical precision, as doctors say" Ivanov said, based on the ITAR-Tass news agency. "Russia needs this weapon to keep up strategic stability."ITAR-Tass said Thursday the brand new cruise missile, R-500, may range of up to 310 miles, the limit with a Soviet-era treaty that banned intermediate-range missiles. Putin and also other officials have referred to as the treaty outdated but never have said Russia would opt out of it. mens mulberry bags
A nursing home fire in northwestern Russia killed at the very least 23 people Saturday, and officials said local authorities were slow to report the blaze.The fireplace in the town of Podyelsk within the Komi region followed similar recent deadly fires at other assisted living facilities across the country, underscoring the negligence, mismanagement, corruption and decaying infrastructure which has plagued Russia.Konstantin Bobrov, a spokesman for that regional government from the Komi province, said in a telephone interview that this fire swept quickly with the wooden building from the town located about 750 miles northeast of Moscow.He stated three residents of the property were rescued and 23 died within the fire. Bobrov said the location had a fire station, but it could not cope with the dimensions of the fire and more firefighters would have to be called from a nearby town.Grigory Gorbunov, a spokesman for the Emergency Situations Ministry's branch for northwestern Russia, said on Vesti 24 television local authorities had been slow to report the hearth. He said firefighters found your building engulfed in flames when they arrived.The Interfax news agency quoted emergency officials in Komi as proclaiming that up to 25 people probably have died.Officials may not comment on the possible cause of the fire. Russia's Investigative Committee has launched an analysis.Russia's President Dmitry Medvedev ordered the us government to conduct a thorough investigation and quickly report back to him on the source of the fire, the Kremlin said inside a statement.Russia has experienced frequent fires at hospitals, schools as well as other state-run facilities. Many have been blamed on official negligence and violations of fire safety rules. They have served as grim reminders of crumbling infrastructure and short life-span in Russia despite an eight-year oil boom that filled government coffers.Russia records nearly 18,000 fire deaths a year, several times the per capita rate in the usa and other Western countries.In November 2007, a hearth caused by a short circuit killed 32 patients in a nursing home in the Tula region south of Moscow.Emergency officials said your building was not equipped with a fireplace alarm, and unsafe wiring had not been replaced, despite recommendations that it be done. When the fire erupted, employees would not call for help until 30 minutes after the blaze started and did little to evacuate patients.In March 2007, 62 people died in the fire in another elderly care in southern Russia. An area fire station ended up shut, and it took firefighters almost 1 hour to get to the site from the larger town after having a night watchman ignored two fire alarms before reporting the blaze, authorities said.Another nursing home fire the same year killed 10 people Siberia. The fire alarm system functioned properly, but a nurse available was away at that time and failed to immediately alert patients and call firefighters.In December 2006, locked gates and barred windows prevented victims from escaping a blaze that killed 46 women at the drug treatment center. Inspectors had recommended its temporary closure earlier that year due to safety violations.By Associated Press Writer Vladimir Isachenkov tall bailey button uggs
NEW YORK (MarketWatch) -- U.S. stocks declined Monday, shedding early gains, with investors cautious before next week's policy-setting meeting from the Federal Reserve, where the central bank is predicted to trim rates after Friday's weak payrolls report. "We need to get through a couple of obvious landmarks here -- there is caution ahead of Sept. 11, with lingering concerns about some attempt somewhere around the anniversary, and then we're simply a week away from the FOMC <Federal>Open Market Committee] meeting," said Marc Pado, U.S. market strategist at Cantor Fitzgerald.The Dow Jones Industrial Average was down 75.8 points at 13,038.6, with 24 of the 30 components trading lower.We now have sector maintained several of its early gains, with Dow component Intel Corp. up 0.4% after the chipmaker lifted its third-quarter revenue guidance.The S&P 500 was off 11.9 points at 1,441.68, even though the Nasdaq Composite slipped 12.66 points at 2,543.04.Trading volume hit 448 million in the New York Stock Exchange, with declining stocks outpacing advancers 3 to at least one. At the Nasdaq, 661 million were exchanged, and declining stocks outpaced advancers by a ratio of 10 to 3.Fed factorsIn the first of 4 Fed speeches scheduled Monday, Atlanta Fed President Dennis Lockhart said the 4,000 jobs lost in August should be viewed in the context of "recently positive reports in retail sales."In Bay area, that city's Fed President Janet Yellen said market turmoil created by problems in subprime mortgages has heightened the risks to the overall economy.More likely to draw even more interest rates are Tuesday's scheduled speech in Berlin by Fed Chairman Ben Bernanke. "If they are going to do something, they are going to have to start indicating it towards the market," Pado said.Stocks on Friday dropped sharply after unexpected news that payrolls contracted in August, the 1st such decline in nearly 4 years, fueling worries of an recession.The disappointing jobs count also cemented thoughts of the Federal Reserve rate cut in a few days, but the head of the Philadelphia Fed cast doubt on the scenario in a weekend speech."Disruptions in stock markets can be addressed using the tools available to the Fed without necessarily making a shift in the complete direction of monetary policy," Charles Plosser said in the speech Saturday to some community bankers meeting in Hawaii. .The commercial paper market was expected to draw investor attention, with approximately $120 billion of such debt due for renewal now. In addition, overnight inter-bank lending rates in dollars continued to hover well underneath the Fed funds rate.At 3 p.m. Eastern, the Federal Reserve is expected to set of consumer credit for July.Active stocksActive stocks included Bear Stearns , which was up 1% after its disclosure that investor Joseph Lewis had acquired a 6.97% stake inside the Wall Street firm within the last few weeks. Dow component Home Depot Inc. fell 0.5% following your home-improvement retailer said it bought back about $10.7 billion in stock under a Dutch auction tender. Countrywide Financial Corp. fell 6% as soon as the nation's largest mortgage lender's announcement late Friday who's would cut up to 20% of the company's workforce. The tech sector also drew investor focus, with Apple Inc. up 2% after its early announcement which it sold its one millionth iPhone, putting the consumer electronics maker in front of its own forecasts.Yahoo Inc. will probably hold on to the Web-search-advertising businesses that it had considered outsourcing to Google Inc. or Microsoft Corp. , the Wall Street Journal reported.Advanced Micro Devices rolled out its latest microchip, Barcelona, which is designed to be the heart of corporate server networks. AMD has lost market share recently in the server target arch-rival Intel. .Other marketsThe dollar remaine near 15-year lows against major currencies, with the dollar index, which measures the greenback against a gift basket of key currencies, down 0.1% to 79.84. .In the New York Mercantile Exchange, gold futures gained 1 cent to $709.80 an oz. .Crude-oil futures fell greater than 1%, giving up some of their strong gains from a week ago, as traders geared for meeting of key oil-producing nations. Crude for October delivery was recently down 83 cents, or 1.08%, at $75.87. .Treasurys were higher, using the benchmark 10-year note up 18/32 at 103 16/32, its yield at 4.314%. .The FTSE 100 rose 0.3% london. The Nikkei 225 dropped 2.2% in Tokyo after weak economic data there. By Kate Gibson tall black ugg boots
NEW YORK (MarketWatch) -- U.S. stocks turned lower after briefly flirting with positive territory in afternoon trading Thursday, after it appeared unlikely Congress would soon approve emergency loans for ailing automakers.Senate Majority Leader Harry Reid said the large Three automakers must submit a fresh plan to Congress to be considered for U.S. aid. Reid said auto-state senators had reached a compromise plan but that it would not pass the House or Senate.The senators from both sides of the aisle had planned to present their proposal with a mid-afternoon news conference Thursday, as outlined by a report from the Associated Press."In an average operating environment, this group being going to bankruptcy would be manageable but given where we have been, a bailout plan could be necessary," said Owen Fitzpatrick, head of U.S. equity at Deutsche Bank. "Bankruptcy is not an body blow that the market could handle at this time."The Dow Jones Industrial Average fell 129 points, or 1.2%, to 7,897. The blue-chip average earlier fell for an intraday low of 7,774, only one point above its Oct. 10 low.Reid said Congress would return the week of Dec. 8 if Ford Motor , Gm and Chrysler could make a new plan.GM was up 6%, halving its gains after reports of the deal hit the wires. The stock previously plunged over 20%. With concerns with regards to a possible bankruptcy continuing to hit the stock with the auto giant, GM's financing unit GMAC placed on become a bank holding company to get into emergency cash from the government. Ford shares rose 15%.Citigroup Inc. remained in debt, falling more than 19%. But that's well off earlier lows that saw the bank's shares plunging around 25% even after Saudi investor Prince Alaweed said he'd raise his stake in the bank to 5%. The S&P 500 index was down 18 points at 788, after falling with a morning low of 775. The S&P hit its bear market low of 2000-02 on Oct. 10, 2002, in the event it touched the 768 level. The closing low of that bear market was 776 on Oct. 9, 2002."The 2002 lows are at your fingertips and it's not unreasonable can be expected that we'll get there <as> there's not many buyers on the market," Fitzpatrick said. "That is apparently the consensus of where support usually lie."The Nasdaq Composite was down 18 points at 1,66, also well-heeled a morning low of a single,345.Trading volumes showed 1.4 billion shares exchanging hands on the New York Stock market and 943 million shares trading for the Nasdaq stock market. Decliners outpaced gainers by a margin of 4 to 1 on the NYSE and also 3 to 1 on Nasdaq.Economic concerns drove a barrel of oil to slump below $50 the very first time in more than three years. But the move, seen more as being a sign of how bad the economic outlook has become than like a positive for consumers, still did not provide much relief for the market. The energy sector remained the worst performer around the S&P, falling more than 7%, followed by telecoms, which fell a lot more than 2%, and health care, off 2.3%. Technology, industrials and also the consumer discretionary sector, which includes automakers, all turned higher."The next 48 hours could be volatile, due to the uncertainty of the bailout with the Big Three U.S. automakers, weak financials and options expirations on Friday," said strategists at BNP Paribas.Underlying concerns concerning the battered financial sector continued to weigh out there after Treasury Secretary Henry Paulson said the outgoing administration won't apply certain of the $700 billion through the Troubled Assets Relief Program to purchase debt securities.On Wednesday, stocks were crushed in order to 5 1/2-year lows, with credit market-led fears and Citigroup's $17 billion balance sheet addition punishing markets. The Dow Jones Industrial Average dropped 427 points, the S&P 500 lost 52 points as well as the Nasdaq Composite fell 52 points. Overseas, the Swis National Bank created a surprise and steep one percentage point rate cut Thursday.Still, markets were lower around the session.Major earnings arrive after the close when Dell , Limited Brands as well as the Gap report results.Grand Canyon Education priced its initial public offering at $12, the low end of a twice-lowered range as it ended a long IPO drought in the decade.Overseas, the pan-European Dow Jones Stoxx 600 lost greater than 4%, while the Nikkei 225 fell nearly 7% in Tokyo.Job cuts between 1,400 and a couple of,700 each were announced by AstraZeneca , Rolls-Royce, Sandvik and PSA Peugeot Citroen.By Nick Godt mulberry mens wallet
NEW YORK (MarketWatch) - U.S. stocks are going to open higher Monday, since the market attempts to recover from a brutal selloff the first sort week, with some relief provided by deal news and solid is a result of HSBC Holdings PLC.The futures seek the Dow Jones Industrial Average last was up 56 points at 13,340. Futures contracts to the S&P 500 and the Nasdaq 100 were up 6.8 points at 1,464.80 and 8.8 points higher at 1,972.2.xx.Last week private-equity and credit-market jitters forced the main averages to suffer their worst week since March 2003. The Dow Jones industrials dropped 4.2%, the S&P 500 fell 5% as well as the Nasdaq Composite lost 4.6%. Investors Monday is going to be alert to see if you will find signs of stabilization or further deterioration within the credit markets. Simultaneously, many stocks fell to enticingly cheap prices during last week's rout. "The marketplace is oversold and we are due to get a bounce," said Peter Boockvar, equity strategist at Miller Tabak. "I have no idea if we will get the bounce now or later inside the week. Anything is achievable. But the bounce probably will be met with resistance. There is a spot of good news early Monday for that embattled credit markets, which have been struggling with both the subprime lending crisis and the new concerns about private-equity debt sales. HSBC in February was one of the first banks to warn regarding the impact from subprime crisis. But on Monday Europe's largest reported a 25% profit rise, and said money owed in the U.S. were on the same as last year as it stopped underwriting subprime mortgages. However, German lender IKB fell 18% after warning about its subprime lending exposure.Furthermore, RBC Capital Markets downgraded American Mortgage loan to a sector perform rating, citing liquidity concerns for this debt markets. American Mortgage, which has halted its dividend after being hit by margin calls, lost a lot more than 40% in premarket electronic trade. Deal newsTakeover candidate ABN Amro withdrew its recommendation of your takeover bid from Barclays plc . The financial institution cited the current value of the U.K. lender's offer in comparison with a rival offer from your Royal Bank of Scotland, Banco Santander and Fortis. ABN also reported a 7% profit decline. The stock was up 1.2% at $47.87 in premarket electronic trade. Liberty Global Inc. said it's considering entering the auction for U.K. cable operator Virgin Media Inc. .The Bancroft family, the controlling shareholder number of Dow Jones & Co. Inc. has until 5.15 p.m. Monday to present its share votes on New Corp.'s offer to purchase the company for $5 billion, in accordance with the Wall Street Journal online.The site said voting results are too close to call. The stock was up almost 2% at $55.50 prior to the opening.Earnings newsVerizon Communications reported an inline 6% boost in profit. The stock ran up 0.4% to $42.18 prior to the opening.Humana Inc. said its results more than doubled. It reported what has second-quarter net income climbed to $217 million, or $1.28 a share from $89.5 million, or 53 cents a share, with revenue up 19% to $6.43 billion. Analysts polled by Thomson Financial expected earnings of $1.34 a share. Proper hair care products maker Alberto-Culver had earnings and revenue that beat expectations. Other marketsTreasurys were pressurized, after rallying sharply the other day on the worries about other credit markets. Unlike corporate debt, Treasurys have a government guarantee. The benchmark 10-year Treasury note last was up 4/32 at 97-27/32 which has a yield of 4.78%. The dollar was under modest pressure, falling against the euro and the yen as investors continued to concentrate on developments in the global credit markets. Traders remained concerned about "the potential threat of the credit-crunch" and "the increased volatility in markets haled investors to shift beyond risky assets," said Ryan Sweet, economist at Moody's Economy.com. "The euro was last up 0.2% at $1.3661, while the dollar was down 0.1% at 118.49 yen.Commodities were range-bound in the early going. With the front-month crude contract down 1 cent at $77.01 a barrel, as gold futures rose $1.30 to $661.40 an oz. By Leslie Wines ugg classic short boots chestnut
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NEW YORK (MarketWatch) -- U.S. stocks sank into negative territory on Thursday as Federal Reserve Chairman Ben Bernanke spoke concerning the economy and after a gauge of economic activity in the Philadelphia area showed a pointy contraction in January.The marketplace had opened higher as investors interpreted earlier economic data as solidifying probability of interest-rates cuts ahead, along with a large loss by Merrill Lynch & Co. as getting bad news out of the way."Sometimes bad news is great news on the economic data front; here's another instance of why the Fed needs to be aggressive," said Art Hogan, chief market strategist at Jefferies & Co.Up about 50 points following your start, and then down a lot more than 100 points noisy . morning trade, the Dow Jones Industrial Average more recently dropped 57.2 points to 12,409, with 19 of their 30 components trading lower.Blue-chip declines were led by American International Group Inc. , down 4%, and Merck Co. Inc. , off 3.5%.Dow component Boeing Co. gained essentially the most, up 1.3%.The S&P 500 declined 9.9 points to 1,363.3, while the Nasdaq Composite fell 2.91 suggests 2,391.68.Volume on the New York Stock Exchange surpassed 565 million, and declining stocks beat those rising 2 to at least one. On the Nasdaq, a lot more than 820 million shares traded, and decliners outdid advancing issues, also about 2 to 1.On the New York Mercantile Exchange, crude-oil futures fell 4 cents to $90.80 a barrel, while gold futures gained $5.7 to $887.70 an ounce.Fed factorBernanke on Thursday told Congress that lawmakers could help steer the economy from recession if they adopt a competent and temporary stimulus plan. .The government Reserve Bank of Philadelphia reported its index of manufacturing activity in the region contracted sharply in January to the lowest level since October 2001. .The Commerce Department reported construction on new homes fell 14% in December, to the slowest pace in more than 16 years. .Separately, the Labor Department's count of the filing for state jobless benefits the other day fell to its minimum in nearly four months, while the four-week average of continuing claims climbed towards the highest count since November 2005. U.S. stocks wobbled on Wednesday before closing lower, together with the Dow industrials losing 34 points, the Nasdaq Composite dropping 23 points and also the S&P 500 ending nearly 8 points lower.Of companies reporting earnings, financial titan Merrill Lynch took over as latest to be humbled by the credit-market crisis, swinging to some loss of $9.8 billion after writing down $11.5 billion. Merrill stock fell 6.9% in recent action.Shares of Bank of New York Mellon climbed 3.2% after it reported a 68% loss of profit after choosing a $118 million write-down related to collateralized debt obligations plus a $180 million charge for bringing a conduit onto its balance sheet.As soon as the close, International Business Machines will release detailed information of its quarterly performance. Big Blue released preliminary numbers on Monday.IBM stock gained 1%.Automobile also will be in focus as it is due to make a presentation at 1:30 p.m. Eastern looking at analysts. The automaker's stock was off 0.4%.EBay had a lift, recently up 1.6%, after Bear Stearns upgraded the online auctioneering firm to outperform from peer perform, saying the investor-sentiment pendulum had swung too much toward fear.By Kate Gibson mulberry charlie bag
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