Aaron's Daily WWW Newspaper

This newspaper is generated daily by my (un)intelligent agent. For more information on the newspaper's generation or if you have questions/comments, please consult the Newspaper Frequently Asked Questions list.
-Thanks, Aaron, proprietor of the Last Homely House

This edition was generated on Tue Jun 23 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:

Investigators and officials continue to work at the scene of a rush-hour AP
Feds investigate DC train crash that killed 7 AP – 11 mins ago

WASHINGTON – The subway train that plowed into another, causing a crash that killed seven and injured scores of others in the nation's capital, was part of an aging fleet that federal regulators had recommended three years ago be phased out or retrofitted, a safety investigator said Tuesday. Full Story »

Sports News

Yahoo! Reuters Headlines-Sports:

Lucas Glover watches his shot out of the rough off the ninth fairway during the AP

Lucas Glover holds on for 2-shot win at U.S. Open

AP – Mon Jun 22, 7:38 pm ET

FARMINGDALE, N.Y. – Lucas Glover steadied his hands for a 3-foot par putt on the 18th hole, an anticlimatic finish to five dreary days at a U.S. Open filled with more delays than drama. Full Story »

Rockies beat Angels 11-1

AP – Tue Jun 23, 1:14 am ET
A woman walks under the electronic signboard of a securities firm indicating AP

European stocks claw back ground after big losses

AP – 2 hrs 12 mins ago

LONDON – European stocks clawed back some ground Tuesday, with Wall Street also expected higher, after a heavy sell-off on Monday, when the World Bank warned that the global economic downturn would be deeper than previously predicted. Full Story »

  • Fed says central OTC clearing would curb market risk

    Reuters – Mon Jun 22, 3:53 pm ET

    WASHINGTON (Reuters) - Centralized clearing of over-the-counter derivatives would help to reduce the risk that these instruments pose to the wider financial system, a senior Federal Reserve official said on Monday. Full Story »

  • Steelcase Q1 results better than expected

    Reuters – 7 mins ago

    (Reuters) - Steelcase Inc , the world's largest office furniture maker, posted a surprise quarterly profit as it benefited from its cost-cutting measures, and said it will cut an additional 200 jobs globally. Full Story »

  • European stocks slide

    AFP – Mon Jun 22, 7:19 am ET
    Europe's main stock markets dropped more than one percent... AFP/File

    LONDON (AFP) - Europe's main stock markets dropped more than one percent nearing the half-way mark on Monday amid consolidation moves in the mining sector and further woes for ailing group British Airways. Full Story »

  • Trade group cuts mortgage volume forecast for 2009

    AP – Mon Jun 22, 4:14 pm ET

    NEW YORK - A key industry group on Monday slashed its estimate for mortgage volume by 27 percent because of higher interest rates and the slow start to the government's refinance program. Full Story »

  • CarMax 1Q earns fall, still tops view

    AP – Fri Jun 19, 6:26 pm ET
    FILE - In this April 1, 2009 file photo, a Dodge car sits on... AP

    RICHMOND, Va. - Auto retailer CarMax Inc. said Friday its fiscal first-quarter profit fell 2.7 percent on a double-digit sales drop and increased costs at its auto financing arm, but the results still beat Wall Street expectations. Full Story »

  • Economy - Monday

    Investor's Business Daily – Mon Jun 22, 6:40 pm ET

    The children of baby boomers will help to revive the U.S. housing market after foreclosures, high unemployment and tight lending abate, according to a Harvard Univ. study. Echo boomers are entering the peak homebuying ages of 25 to 44. They outnumber the record-size baby boomer generation by more than 5 mil people and should boost demand for at least the next decade. Full Story »

  • Oil rises above $68

    Reuters – 26 mins ago
    Petrol pumps are pictured at a Shell petrol station in London... Reuters

    LONDON (Reuters) - Oil rose above $68 a barrel on Tuesday, reversing earlier losses, supported by a weaker dollar and ahead of inventory data expected to show a fall in crude stocks. Full Story »

  • Merced: Ghost Town, USA

    BusinessWeek Online – Mon Jun 22, 8:08 am ET

    The housing crisis is creating ghost towns of once-bustling communities like Merced. In largely abandoned neighborhoods, paved sidewalks and driveways lead to empty lots strewn with utility coils. Unfinished frames with rotting rafters and rusted hinges sit alongside occupied homes. Roughly 40% of the homes in Merced are considered distressed, meaning owners are behind on their mortgage payments or can't make them at all. The toll is expected to rise, even though California extended its moratorium on foreclosures for another 90 days. Full Story »

  • KB Home ratings lowered by Moody's

    AP – Mon Jun 22, 5:11 pm ET

    NEW YORK - Moody's Investors Service on Monday downgraded all of the ratings of homebuilder KB Home, including its corporate family rating, its probability of default rating and its senior notes rating. Full Story »

  • Funds Eye Commercial Property Bargains

    BusinessWeek Online – 36 mins ago

    Depressed commercial property prices have prompted a wave of interest in the market with up to 16 firms currently working on or readying plans to launch real estate funds. Full Story »

Miscellaneous Daily Stuff

Quotes of the Day

Selected from Michael Moncur's Collection of Quotations - June 23, 2009
Start every day off with a smile and get it over with.
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W. C. Fields (1880 - 1946)
It pays to be obvious, especially if you have a reputation for subtlety.
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Isaac Asimov (1920 - 1992)
I have yet to see any problem, however complicated, which, when you looked at it in the right way, did not become still more complicated.
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Poul Anderson (1926 - 2001)
The major difference between a thing that might go wrong and a thing that cannot possibly go wrong is that when a thing that cannot possibly go wrong goes wrong it usually turns out to be impossible to get at or repair.
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Douglas Adams (1952 - 2001), Mostly Harmless

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