Aaron's Daily WWW Newspaper

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-Thanks, Aaron, proprietor of the Last Homely House

This edition was generated on Fri Aug 7 08:45:01 EDT 2009

Table of Contents

General News Update
Sports News Update
Business News Update
Miscellaneous Daily Information
Boston Area Weather


General News Update

Yahoo! Reuters Headlines-General News:

-- RETRANSMISSION FOR ALTERNATIVE CROP-- In this photo taken on May 24, 2008, AP
Aide says Pakistani Taliban leader Mehsud is dead AP – 58 mins ago

DERA ISMAIL KHAN, Pakistan – Pakistan's Taliban chief Baitullah Mehsud, who led a violent campaign of suicide attacks and assassinations against the Pakistani government, has been killed in a U.S. missile strike, a militant commander and aide to Mehsud said Friday. Full Story »

Sports News

Yahoo! Reuters Headlines-Sports:

Padraig Harrington, from Ireland, hits from the sand to the sixth hole during AP

Harrington finds an answer in opening 64

AP – Fri Aug 7, 4:25 am ET

AKRON, Ohio – Padraig Harrington's round hung in the balance like so many before it in what has been a lost year. Full Story »

US private-sector job losses rise, services sector shrinks AFP/Getty Images/File

Job losses slow to 247,000; jobless rate dips

AP – 9 mins ago

WASHINGTON – Employers throttled back on layoffs in July, cutting just 247,000 jobs, the fewest in a year, and the unemployment rate dipped to 9.4 percent. It was a better than expected showing that offered a strong signal that the recession is finally ending. Full Story »

  • US jobs report to provide gauge of recovery

    AFP – Fri Aug 7, 3:20 am ET
    A job seeker reads a book as he waits to use a phone at a career... AFP/Getty Images/File

    WASHINGTON (AFP) - A jobs report to be released Friday, President Barack Obama's 200th day in office, will offer fresh clues on the pace of healing in the ailing US economy, widely expected to emerge from recession this year. Full Story »

  • Magna posts loss on weak auto market

    Reuters – 23 mins ago
    Magna International Inc. Chairman Frank Stronach walks past a... Reuters

    TORONTO (Reuters) - Canadian auto parts company Magna International Inc (MGa.TO), one of the bidders vying to buy carmaker Opel from General Motors, reported a quarterly loss Friday, hurt by steep declines in global auto production. Full Story »

  • FTSE 100 climbs on BoE cash injection

    AFP – Thu Aug 6, 12:40 pm ET
    Stocks in London finished higher on Thursday after the Bank of... AFP/File

    LONDON (AFP) - Stocks in London finished higher on Thursday after the Bank of England agreed to create an extra 50 billion pounds of new money even though it expected the recession to soon bottom out. Full Story »

  • Fannie Mae suffers massive loss, seeks more aid

    AFP – Thu Aug 6, 7:47 pm ET
    The Fannie Mae headquarters in Washington, DC, 2008. Troubled... AFP/File

    WASHINGTON (AFP) - Troubled state-backed mortgage firm Fannie Mae took a massive 14.8-billion-dollar loss in the second quarter, and asked the US Treasury for another 10.7 billion dollars in aid, the company said Thursday. Full Story »

  • July sales drop shows retail pressure continues

    Reuters – Thu Aug 6, 7:02 pm ET
    A shopper at the Beverly Center shopping mall in Los Angeles... Reuters

    CHICAGO (Reuters) - U.S. retailers reported their 11th straight month of sales declines in July as shoppers continued to search for bargains and basics in the downturn. Full Story »

  • Pending Home Sales Rise for Fifth Straight Month

    BusinessWeek – 36 mins ago

    Signed home-purchase agreements in the U.S. rose in June to the highest monthly level in two years, according to the National Association of Realtors' pending home sales index that was released on Aug. 4. Full Story »

  • Oil edges down near $71 before U.S. jobs data

    Reuters – 36 mins ago
    A general view of Nahr Al-Umran gas refinery in Al-Dier District,... Reuters

    LONDON (Reuters) - Oil edged down on Friday from a six-week high as markets looked to U.S. July employment data for clues on whether the United States could be emerging from recession. Full Story »

  • Fannie Mae seeks $10.7B in US aid after 2Q loss

    AP – Thu Aug 6, 7:25 pm ET

    WASHINGTON - Fannie Mae plans to tap $11 billion in new government aid after posting another massive quarterly loss as the taxpayer bill from the housing market bust keeps growing. Full Story »

  • Hypo Real Estate reports $1.08 billion 2Q loss

    AP – 2 hrs 15 mins ago

    BERLIN - Nationalized German lender Hypo Real Estate Holding AG said Friday that it lost euro750 million ($1.08 billion) in the second quarter as hefty loan loss provisions weighed down its performance. Full Story »

  • The Health Insurers Have Already Won

    BusinessWeek – 36 mins ago

    As the health reform fight shifts this month from a vacationing Washington to congressional districts and local airwaves around the country, much more of the battle than most people realize is already over. The likely victors are insurance giants such as UnitedHealth Group , Aetna , and WellPoint . The carriers have succeeded in redefining the terms of the reform debate to such a degree that no matter what specifics emerge in the voluminous bill Congress may send to President Obama this fall, the insurance industry will emerge more profitable. ... Full Story »

Miscellaneous Daily Stuff

Quotes of the Day

Selected from Michael Moncur's Collection of Quotations - August 7, 2009
And that's the world in a nutshell, an appropriate receptacle.
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Stan Dunn
Given a choice between two theories, take the one which is funnier.
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Blore's Razor
Home computers are being called upon to perform many new functions, including the consumption of homework formerly eaten by the dog.
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Doug Larson
Any clod can have the facts, but having opinions is an art.
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Charles McCabe, San Francisco Chronicle

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