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U.S. Top News Early Edition: BofA settles on mortgage repurchase claims

Reuters
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06/29/2011
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LATEST NEWS
BofA settles on mortgage repurchase claims
(Reuters) - Bank of America Corp settled nearly all of the claims related to the legacy Countrywide-issued first-lien residential mortgage-backed securitization (RMBS) repurchase exposure for $8.5 billion in cash . | Full Article
Greek parliament approves austerity law with 155 votes
June 29, 2011 09:33 AM ET
ATHENS (Reuters) - Greece's parliament approved a five-year austerity plan on Wednesday with 155 votes in favor and 138 votes against, suggesting Prime Minister George Papandreou was on track to win backing for a second law on Thursday. | Full Article
U.S. cost of war at least $3.7 trillion and counting
June 29, 2011 09:33 AM ET
NEW YORK (Reuters) - When President Barack Obama cited cost as a reason to bring troops home from Afghanistan, he referred to a $1 trillion price tag for America's wars. | Full Article
Police search Kabul hotel after Taliban attack kills 9
June 29, 2011 08:54 AM ET
KABUL (Reuters) - Afghan police sifted through one of Kabul's landmark hotels room by room on Wednesday for any more casualties, securing the building after an overnight assault by Taliban suicide bombers killed eight Afghan civilians and police and a foreigner. | Full Article
Asia looks to "friend" Lagarde to honor IMF pledges
June 29, 2011 05:46 AM ET
SINGAPORE (Reuters) - Asia's fast-rising economies set their sights on securing key IMF appointments under newly named chief Chistine Lagarde Wednesday, hopeful she would be the one to make good on oft-heard pledges to swing more power to emerging markets. | Full Article
BUSINESS NEWS
Futures point to third day of gains on Greece, BofA
June 29, 2011 09:27 AM ET
NEW YORK (Reuters) - Stock index futures pointed to a higher open on Wednesday after Greece's parliament passed an unpopular austerity plan critical to avoiding a debt default. | Full Article
Bank of America expects loss after settlement
June 29, 2011 08:50 AM ET
NEW YORK (Reuters) - Bank of America Corp said it expected to take more than $20 billion in charges after settling with mortgage bond investors, resulting in a second-quarter loss. | Full Article
D.Boerse-NYSE ask EU regulators for deal approval
June 29, 2011 09:04 AM ET
BRUSSELS (Reuters) - Deutsche Boerse and NYSE Euronext formally sought EU approval for their planned $9 billion tie-up on Wednesday, triggering a lengthy review expected to focus on the derivatives and clearing businesses. | Full Article
General Mills' 2012 outlook below Street view
June 29, 2011 08:44 AM ET
NEW YORK (Reuters) - General Mills Inc forecast weaker fiscal-year earnings than Wall Street expected as the food company gets hammered by higher costs for ingredients and fuel. | Full Article
Lehman adds creditor support, new bankruptcy plan
June 29, 2011 08:48 AM ET
NEW YORK (Reuters) - Lehman Brothers Holdings Inc said it has received a wider base of support from creditors for its reorganization, and filed a new plan it hopes will help it emerge from bankruptcy and pay creditors faster. | Full Article
HEALTH NEWS
Old osteoporosis drug may help in killing flu viruses
Patients plead to keep Avastin for breast cancer
Benefit of mammograms even greater than thought
Can the Internet help you lose weight?
Surgeons in Medtronic trials omitted results: report
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Marine Veteran Takes On Liberal Senator

Newsmax.com


Dear Newsmax Reader:

Please find below a special message from our sponsoring advertiser, The Senate Conservatives Fund. They have important information to share with you. Thank you.

Newsmax.com


Dear Fellow Conservatives:

I am very proud to announce the endorsement of State Treasurer Josh Mandel for U.S. Senate in Ohio.

This is the first Senate Conservatives Fund endorsement for the 2012 elections, and we're launching an all-out SCF Surge to raise $100,000 for Josh Mandel's campaign before the end of the week. Please make a contribution today so he can defeat U.S. Senator Sherrod Brown (D-Ohio), the most liberal politician in the Senate.
Support Josh Mandel for U.S. Senate in Ohio
In the Republican primary race, Josh Mandel is the candidate favored by the grassroots. SCF members in Ohio are very excited about his candidacy and have urged us to support his Senate campaign. We're answering the call today, and we're going to do everything we can to help the people of Ohio elect a new senator who shares their values.

Record of Results

Josh Mandel is a true conservative with an impressive record of accomplishment.

He served 8 years in the Marine Corps Reserves, 3 years as a city councilman, 4 years as a state legislator, and is currently the state treasurer in Ohio.

Having served two tours in Iraq as a Marine intelligence specialist and having been elected to local and state offices in Ohio, there is no question that Josh Mandel has served his country and his state with honor and distinction.
VIDEO: Learn More About Josh Mandel
As city councilman, Josh Mandel led the fight for the first property tax rollback in his city's history. In the state legislature, he stood up to the teacher's unions to expand school choices for children with special needs. And as state treasurer, he has cut spending and is working to make state government more transparent. This is a remarkable young man who has accomplished more in the last 10 years than most senators accomplish in lifetime.

I have personally gotten to know Josh over the past several months and our team has thoroughly reviewed his record. What we learned is that Josh and his wife, Ilana, are united in taking on this challenge for all the right reasons. We're confident that Josh Mandel has the courage to go to Washington and stand up to the big spenders in both political parties.

This man is a leader and we need him in the United States Senate.

Principled Conservative

Josh Mandel is a full-spectrum conservative with a genuine commitment to the timeless American principles of limited government, a strong national defense, and traditional family values.

Josh Mandel strongly supports all of the SCF policy goals. He supports the Balanced Budget Amendment, a ban on congressional earmarks, a ban on government bailouts, and the full repeal of President Obama's health care takeover. He is also 100% pro-life, supports traditional marriage, and will defend our Second Amendment right to keep and bear arms.
Support Josh Mandel for U.S. Senate in Ohio
If Josh Mandel is nominated by Republicans in Ohio to face Sherrod Brown next November, it will be one of the biggest political showdowns in the country. The race will pit a young conservative leader with the principles and determination to restore America's greatness against a liberal career politician who is responsible for near double-digit unemployment and over $14 trillion in debt.

Consider the contrast:
  • Brown voted FOR the Wall Street bailout. Mandel opposes it.

  • Brown voted FOR the $787 billion stimulus bill. Mandel opposes it.

  • Brown voted FOR President Obama's government takeover of healthcare. Mandel wants to repeal it.

  • Brown voted FOR the Cash for Clunkers program. Mandel opposes it.

  • Brown voted for FOR union intimidation using "card check" elections. Mandel opposes card check.

  • Brown voted AGAINST permanent repeal of the death tax. Mandel supports full repeal.

  • Brown voted AGAINST the earmark moratorium. Mandel supports the ban.

  • Brown voted AGAINST defunding Planned Parenthood. Mandel supports defunding it.

  • Brown SUPPORTS cap-and-trade legislation that will destroy jobs. Mandel opposes it.

  • Brown SUPPORTS raising the debt limit. Mandel opposes it.
On issue after issue, the choice is clear. Josh Mandel fights for freedom while Sherrod Brown fights for dependency.

SCF Surge

The second quarter reporting period ends this Thursday, June 30 at midnight. We need to launch Josh Mandel's campaign by raising as much money for him as possible before the deadline.

Please make a secure, online contribution to Josh Mandel's campaign today, and help the Senate Conservatives Fund reach our goal of raising $100,000 before the second quarter deadline.
Support Josh Mandel for U.S. Senate in Ohio
When you make a contribution to Josh Mandel's campaign through the Senate Conservatives Fund, we pay all of processing fees so he gets 100 percent of your donation. He will also benefit from knowing that conservatives are standing with him in this fight for our nation's future.

Thank you for your willingness to fight for America's future. Together, we can take America back.

Respectfully,


Jim DeMint
United States Senator
Chairman, Senate Conservatives Fund
Not paid for at taxpayer expense. Contributions to Senate Conservatives Fund PAC are not deductible as charitable contributions. Contributions from corporations or foreign nationals lacking permanent resident status are not permitted. Federal law requires Senate Conservatives Fund PAC to report the name, mailing address, occupation and employer for each individual whose contributions aggregate in excess of $200 in a calendar year.
Paid for by Senate Conservatives Fund PAC.
Not authorized by any candidate or candidate's committee.
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Politics News & Analysis: Another conflict brings Kerry and McCain together

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The Washington PostWednesday, June 29, 2011
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Top Stories

US Senators John Kerry (R) and John McCain give a press conference in Cairo on June 26, 2011, following their meeting with Field Marshal Hussein Tantawi, head of Egypt's Supreme Council of the Armed Forces. AFP PHOTO/KHALED DESOUKI (Photo credit should read KHALED DESOUKI/AFP/Getty Images)

Another conflict brings two friends together

For 25 years, war has fortified — and nearly destroyed — the ties binding John McCain and John F. Kerry. The two senators, who returned from Vietnam on opposite ends of the war and who split over Iraq, have in recent weeks come together to try to forge a new American foreign policy for the rapidly changing Arab world.

WhoRunsGov

United States Marine Corps Lt. Gen. John R. Allen, the outgoing head of the United States Central Command, speaks to members of the group during Assumption of Command ceremonies Wednesday, Aug. 11, 2010, at MacDill Air Force Base in Tampa, Fla. United States Marine Corps Gen. James N. Mattis takes over from Allen. (AP Photo/Chris O'Meara)

Allen, the good soldier

Lt. Gen. John R. Allen, the nominee to lead U.S. forces in Afghanistan, told a Senate panel yesterday that he supported President Obama's troop withdrawal plan, though it was "a bit more aggressive" than he had anticipated. Story | Allen's profile

Behind the showdown

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