December 2008 retail sales plunge records set
The Commerce Department reports a 2.7 percent drop in retail sales for December 2008, marking a sixth consecutive monthly decline. Wall Street had expected a 1.2 percent fall as consumer demand stayed weak.
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Washington, D.C
Commerce Department
Wall Street
Obama expects Geithner to be confirmed as Treasury secretary
President-elect Barack Obama says he expects Timothy Geithner to win Senate confirmation as treasury secretary after Geithner corrected his tax issues. He described the problems as innocent mistakes and expressed confidence in the confirmation.
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Washington, D.C
Barack Obama
Timothy Geithner
Senate
Treasury
Obama
Geithner
Tim Geithner
Inauguration Day Absences Mark Personal Reflections Across Nation
Georgia official Asante Bradford gave three months notice he would not be at work on January 20 to celebrate Obama's swearing in. He plans to watch at home with friends, while others stay home or gather at restaurants and churches to mark the historic moment.
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Ill. governor Blagojevich impeachment summons issued
Lawyers for Governor Rod Blagojevich accepted a Senate impeachment summons as jurors were sworn in and official charges read. The Senate approved trial rules and set January 26 as the start, with the House accusing him of trying to auction Obama’s Senate seat.
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Ill
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Egypt Hamas near 10 day Gaza cease fire deal
Egyptian and Hamas officials said a 10 day cease fire between Israel and Gaza is close to agreement. Officials expressed optimism that a temporary halt could be sealed and presented to Israel. Disputes remain on Gaza border policing and longer term arrangements.
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Cairo
Egypt
Hamas
Israel
Gaza
China economy trips to third largest in 2007
BEIJING AP China’s economy grew to the world’s third largest in 2007, new data show, marking a milestone in its rapid rise behind Japan and the United States. The revision jumps ahead of Germany, though overtaking the United States remains uncertain.
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Beijing
China
Japan
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