Other Talk "Otterville" plus Religion/Politics

What breaking news services do you subscribe to?

Old 01-27-06, 03:26 PM
  #1  
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What breaking news services do you subscribe to?

I subscribe to:

WSJ Breaking News
MSNBC
CNN
Fox
NBC Chicago affiliate
Crain's Chicago
Chicago Tribune

Also, does anybody know of a good daily news consolidator? I get WSJ Morning, Afternoon, and Evening Reports. I like it because it's all right there and I don't have to click a million places.

It looks like this:

___________________________________
THE AFTERNOON REPORT

January 27, 2006 -- 12:59 p.m. EST

___________________________________

U.S. economic growth cooled dramatically at the end of 2005, even as inflation heated up. For the moment, at least, the "Goldilocks" economy -- not too hot, not too cold -- is sleeping in the bear's bed.

(FULL STORY BELOW)
___________________________________
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Utilize our useful research and tools for important business, investing and financial planning decisions. Our research includes quotes and up-to-date information on nearly 30,000 companies as well as an article archive and extensive market data.

http://online.wsj.com/advanced_search



__________________________________
THE AFTERNOON REPORT (IN FULL)

Goldilocks Takes a Break

By MARK GONGLOFF
THE WALL STREET JOURNAL ONLINE

U.S. economic growth cooled dramatically at the end of 2005, even as inflation heated up. For the moment, at least, the "Goldilocks" economy -- not too hot, not too cold -- is sleeping in a bear's bed.

Gross domestic product, the broadest measure of the economy, grew at a 1.1% annualized rate in the fourth quarter, compared with the 2.6% pace economists, on average, expected, and far below the third quarter's 4.1% growth rate. It was the economy's lousiest performance since the fourth quarter of 2002. And it ended a remarkable stretch of economic strength, in which GDP grew at a 3% pace or better in 10 straight quarters, the longest such streak since 1983-85. The engines of that run all cooled at once in the quarter. Consumer spending, making up more than 70% of the total economy, came to a near-halt, growing at a 1.1% pace, the slowest since the second quarter of 2001, when the economy was in recession. Thank U.S. auto makers, whose aggressive summer incentives sucked all the oxygen out of fourth-quarter sales. Business spending rose at a 2.8% pace, the slowest since the first quarter of 2003. And, almost unbelievably, government spending fell at a 2.4% annualized rate in the quarter, its worst performance since the first quarter of 2000. If you don't believe that will be reversed in the near future, Uncle Sam has some lovely bonds he'd like to sell you.

No, seriously. The government plans to borrow a record $171 billion this quarter, and Iraq, Afghanistan, Gulf Coast rebuilding and congressional pork barrels won't just pay for themselves. Similarly, consumer spending will likely recover from its swoon, as will business spending. But the economy's salad days are wilting. The housing market, so vital to the economy's long run, has already slowed down. New home sales jumped unexpectedly in December, the Commerce Department said, but home prices slid, and the inventory of unsold homes stayed at a 10-year high. Few economists expect housing to collapse, and few expect the economy to sink into recession this year. But the Federal Reserve makes things a little more painful every time it raises interest rates, and the Fed's favorite measure of consumer price inflation, found in the GDP report, accelerated in the fourth quarter, past the Fed's comfort zone.

Though the stock market went bonkers, either ignoring the GDP report or hoping it meant the Fed would never have to raise rates again, the federal funds futures market fully expects two more rate increases by March and puts 60% odds on a third increase in June. One of those markets will be correct, the other will be corrected.

* * *

Improbably, Stocks Rally
A day after posting their second-biggest rally of the year, U.S. stocks soared again, to the befuddlement of many analysts mindful of the GDP report. "As far as I can tell, people are basically saying that this important and widely watched snapshot of the world's largest economy is bullish because conditions are much worse than they thought. Or otherwise, it is just plain wrong or irrelevant," said Michael Panzner, head of sales trading at Rabo Securities. "Sounds like too many on Wall Street missed their morning coffee." The caffeinated Dow industrials rose 117 points to 10926, more than erasing last Friday's collapse. The Nasdaq rose 24 points to 2307, while the S&P 500 rose 12 points to 1285. Crude-oil futures surged to nearly $68 a barrel on the New York Mercantile Exchange, while gold prices dipped to $558 an ounce. The 10-year Treasury note edged higher after three straight days of selling, pushing its yield to 4.5%. The two-year note yielded 4.47%. The U.S. dollar fell against the euro, the Japanese yen and the pound. Major Asian stock markets rose, as did major European markets.

* * *

Mittal Makes Bid for Arcelor
In one of those big-fish-eats-the-little-fish scenarios, Netherlands-based Mittal Steel, already the world's biggest steel maker, tried to devour the world's No. 2 steel maker, which had just sunk its teeth into a meal of its own. Mittal offered $22.7 billion in cash and stock for Arcelor, just days after Arcelor landed a $4.86 billion deal to buy Canada's Dofasco. CEO Lakshmi Mittal called the offer "very attractive," but Arcelor's CEO, the theatrically named Guy Dolle, had already turned his nose up at an earlier Mittal offer of an unknown sum. The Luxembourg company, which only formed in 2002 in a union of several European companies, said it would respond to the offer later. European regulators will also take a hard look at the deal, though the steel industry is still plenty Balkanized, despite a recent flurry of consolidation. In a move that could ease regulatory concerns, Mittal offered to sell Dofasco to German steel maker ThyssenKrupp, which had lost out to Arcelor in a bidding skirmish. The deal continues an aggressive buying spree for Mittal, including last year's purchase of International Steel Group, which made it the world's biggest steel maker. Merging with Arcelor would make Mittal the first 100-million-ton steel producer in the history of the world.

* * *

Another Record Year for Chevron
For the second straight year, Chevron reported a record profit, thanks to high oil prices and its addition of Unocal. The No. 2 U.S. oil company after Exxon Mobil said earnings jumped 20% to $4.14 billion in the fourth quarter, a company record, and hit $14.1 billion for the year. Still, Wall Street analysts were disappointed by the results, and Chevron's shares dipped. Consumer-products maker Procter & Gamble had better luck dancing the quarterly earnings Kabuki dance, reporting a 29% gain in profit and lifting its forecast for its fiscal year. Its shares rose nearly 2%.

* * *

Irrational Exubera
Pfizer shares rose nearly 4% after CEO Hank McKinnell told CNBC that the Food and Drug Administration was about to approve the drug maker's Exubera, an inhaled insulin treatment. The thin mountain air in Davos, Switzerland, must have gotten to his head, however; the company quickly issued a retraction, saying it hadn't heard from the FDA yet. Still, approval is widely expected.

* * *

Gateses Spend More to Fight TB
Bill and Melinda Gates, two-thirds of Time magazine's Troika of the Year, said they planned to triple their spending on tuberculosis research, to $900 million from $300 million.

* * *

Gannett Profit Falls
Gannett, the No.1 U.S. newspaper publisher, said its quarterly profit dipped 9.2%, dragged down by sagging ad sales in the U.K. and slumping TV revenue. But the results edged forecasts, and Gannett's shares rose nearly 4%.

Write to Mark Gongloff at [email protected]


To read any of the articles or content referenced above, please see:
http://online.wsj.com/afternoonreport

__________________________________
TODAY'S MARKETS
The Dow industrials rose on strong earnings from Microsoft and P&G, but slower economic growth and higher oil prices kept a leash on the gains.

http://online.wsj.com/article/0,,SB1...ml?mod=djemTAR

* * *
__________________________________
MORE NEWS

Page One:

Lobbyists are increasingly serving as principal fund-raisers for the same lawmakers they're trying to sway, raising new fears about the way money influences political debate.

http://online.wsj.com/article/0,,SB1...ml?mod=djemTAR

* * *

Across the U.S., community leaders and local politicians fight to halt energy projects or put them in someone else's neighborhood. What's occurring in Alaska is the polar opposite.

http://online.wsj.com/article/0,,SB1...ml?mod=djemTAR

* * *

A scramble among the U.K.'s television networks to draw very young viewers is producing a fusion of the commercial and creative sides of children's TV.

http://online.wsj.com/article/0,,SB1...ml?mod=djemTAR

* * *

The strong victory by Hamas in the Palestinian legislative elections complicates the already tortuous Middle East peace process.

http://online.wsj.com/article/0,,SB1...ml?mod=djemTAR


To read any of the articles or content referenced above, please see:
http://online.wsj.com/page/0,,2_0133...ml?mod=djemTAR



Editor's Picks:

Science has long been saddled with the canard that it arbitrarily and a priori rules out the existence of a deity. But those who attack science as anti-God are fighting a mirage, say both secular and religious scholars.

http://online.wsj.com/article/0,,SB1...ml?mod=djemTAR

* * *

Companies are becoming tight-lipped about earnings forecasts, but many find it hard to let go. Plus, does an earnings slowdown doom the stock market, and what role are buybacks playing.

http://online.wsj.com/article/0,,SB1...ml?mod=djemTAR

* * *

The fate of nine newly built concrete homes may soon provide clues to one of the Middle East's most pressing questions: Is Israel preparing to withdraw from parts of the occupied West Bank?

http://online.wsj.com/article/0,,SB1...ml?mod=djemTAR

* * *

Pressed by consumer advocates, the FDA is expected to publish a food-labeling proposal online today that would require companies to disclose when a food contains beetle-derived colorings.

http://online.wsj.com/article/0,,SB1...ml?mod=djemTAR

* * *

Should you earn miles, points or cash? One airline, or rewards transferable to many? Miles junkies have very different takes, depending on their needs.

http://online.wsj.com/article/0,,SB1...ml?mod=djemTAR


To read any of the articles or content referenced above, please see:
http://online.wsj.com/at_leisure
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Old 01-27-06, 03:28 PM
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None. I'm on the internet all day and go to cnn.com about 10 times plus visit the forum here. If I also got an email I'd throw up on myself.
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Old 01-27-06, 03:29 PM
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Cnn.....
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Old 01-27-06, 03:30 PM
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Old 01-27-06, 03:42 PM
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Originally Posted by Thor Simpson
None. I'm on the internet all day and go to cnn.com about 10 times plus visit the forum here. If I also got an email I'd throw up on myself.
Likewise. I don't need anymore e-mail than I already get.
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Old 01-27-06, 04:03 PM
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Old 01-27-06, 04:05 PM
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Originally Posted by TracerBullet
Ditto
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Old 01-27-06, 04:06 PM
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Old 01-27-06, 05:04 PM
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Old 01-28-06, 04:43 PM
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