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U.S. Top News Early Edition: Murdoch aide Brooks quits as head of UK newspapers

Reuters
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07/15/2011
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LATEST NEWS
Murdoch aide Brooks quits as head of UK newspapers
LONDON (Reuters) - Rebekah Brooks resigned as chief executive of News International on Friday, yielding to political and investor pressure over a phone hacking scandal that has shaken Rupert Murdoch's media empire on both sides of the Atlantic. | Full Article
Citi profit jumps 24 percent, beats forecasts
July 15, 2011 09:21 AM ET
NEW YORK (Reuters) - Citigroup Inc's second-quarter profit jumped 24 percent, beating expectations, as the bank lost less money on bad loans. | Full Article
Consumer prices record largest drop in a year
July 15, 2011 09:35 AM ET
WASHINGTON (Reuters) - Consumer prices fell slightly more than expected in June to post their biggest drop in a year on weak gasoline costs, but underlying inflation pressures remain elevated. | Full Article
Obama pauses debt talks, lawmakers weigh options
July 15, 2011 08:45 AM ET
WASHINGTON (Reuters) - President Barack Obama suspended budget negotiations for the day Friday to give congressional leaders a chance to come up with a "plan of action" on how to unblock talks meant to cut deficits and avert a debt default. | Full Article
Europe's banks brace for clutch of health test failures
July 15, 2011 08:54 AM ET
LONDON (Reuters) - A health check of European banks is expected to show that as many as 15 lenders need more capital to withstand a prolonged recession, with criticism growing that the tests do not encompass the impact of a Greek default. | Full Article
BUSINESS NEWS
Wall Street opens higher on Google, Citi earnings
July 15, 2011 09:36 AM ET
NEW YORK (Reuters) - Stocks rose on Friday after strong earnings from Google Inc and Citigroup Inc helped lift some of the angst about Europe's debt crisis and stalled budget talks. | Full Article
U.S. probes Credit Suisse for aiding tax evasion
July 15, 2011 09:13 AM ET
ZURICH/LONDON (Reuters) - Swiss bank Credit Suisse is being probed by the U.S. Department of Justice as part of a broader investigation into banks suspected of helping Americans evade taxes. | Full Article
S&P warns of downgrade if no debt deal reached
July 15, 2011 08:27 AM ET
SYDNEY (Reuters) - Ratings agency Standard & Poor's has warned there is a one-in-two chance it could cut the United States' prized AAA credit rating if a deal on raising the government's debt ceiling is not agreed soon. | Full Article
Icahn offers to buy Clorox in $10.2 billion deal
July 15, 2011 08:29 AM ET
BANGALORE (Reuters) - Billionaire investor Carl Icahn offered to buy Clorox Co in a $10.2 billion deal, but also invited the household products maker to solicit rival bids, which he said would yield much higher offers for the company. | Full Article
NY Fed manufacturing growth contracts again in July
July 15, 2011 09:02 AM ET
NEW YORK (Reuters) - A gauge of manufacturing in New York State showed the sector unexpectedly contracted for the second month in a row as new orders worsened, the New York Federal Reserve said in a report on Friday. | Full Article
HEALTH NEWS
Ad hoc efforts help cut U.S. healthcare costs
Millions at risk of cholera in Ethiopia, WHO warns
Vitamin C from food tied to lower cataract risk
Do tea, coffee drinkers have lower "superbug" risk?
Flu vaccine production to double by 2015, WHO says
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Get Over It - AARP says as they fight American Seniors.

Newsmax.com


Dear Newsmax Reader:

Please find below a special message from our sponsor, Association for Mature American Citizens. They have some important information to share with you. Thank you.

Newsmax.com


AARP is starting to crack, while Amac grows stronger.

AARP is starting to crack, while Amac grows stronger.

AARP is dangerously out of step with America.

First they supported weakening the 2nd Amendment. Then they were silent on illegal immigration, on the Ground Zero Mosque, on increasing taxes, on gas prices.

Then, against all logic, the AARP drove the passage of ObamaCare - while knowing seniors would pay billions in increased Medicare Supplement and Medicare Advantage premiums as a direct result.

AARP's financial gain "could exceed $1 billion from the new health care law" – House Ways and Means "Behind the Veil" investigation finding.

Now they come out in support of "changes" in Social Security?!?

"…news that the most powerful lobbying force for older Americans had softened its opposition to benefit cuts could not have come at a worse time." – the liberal Huffington Post

"The (AARPs)timing is very destructive" - Nancy Altman, co-director of the Strengthen Social Security Campaign

"I think they're dead wrong on this issue and I think many of the other senior organizations feel the same way" - Sen. Bernie Sanders (I-VT)

The AARP's new advertising slogan?

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We're not 'Getting Over It!' says the
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AMAC is courting legislators to introduce a bill to eliminate the tax on Social Security income that one in three people collecting Social Security are now paying.

"We consider it unfair to tax Social Security twice, once when you pay in and again when you start to collect," Weber says.

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Politics News & Analysis: Some in GOP see no debt-ceiling catastrophe

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