Afghan Election Officials Declare Karzai Winner
Afghanistan’s Election Commission has declared President Hamid Karzai the winner of the country’s disputed election after canceling a second round of voting.
CIT Group Files Bankruptcy, Seeks to Reduce Debt (Update1)
Nov. 2 (Bloomberg) — CIT Group Inc., the 101-year-old commercial lender that saw its funding dry up in the credit crunch, filed for bankruptcy in an effort to cut $10 billion in debt following a failed debt exchange and U.S. taxpayer bailout.
GLOBAL ECONOMY-Global factory output expands, points to recovery
LONDON/BEIJING, Nov 2 (Reuters) – Factory activity in the euro zone expanded for the first time in 17 months in October and also picked up in Britain and China, suggesting global economic recovery is underway, surveys showed on Monday.
The upbeat data comes ahead of policy meetings of the Federal Reserve, European Central Bank and Bank of England this week with policymakers facing a mass of conflicting signals.
Round 2 in Health Care Fight
The next health-care fight has already started. It’s the one to define the bill that President Obama eventually will sign as a victory for consumers, taxpayers and the common good.
You might say this view is premature. Legislation has yet to pass the House or the Senate, there are differences between the two bodies, and some moderates still have doubts.