S&P power grows in European debt crisis
Standard & Poor's warning to European leaders spotlights its influence on debt costs and default risk. The ratings agency threatened downgrades for 15 nations including Germany if no tough remedies emerge, risking higher borrowing costs and a debt spiral, while European officials brace for potential market upheaval.
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Greece approves austerity budget amid ongoing debt crisis
Notable lawmakers in Greece overwhelmingly approved next year's austerity budget extending spending cuts. Citigroup plans 4500 job eliminations worldwide, charging 400 million dollars in Q4. CEO Vikram Pandit announced the cuts at an investor conference, outlining reductions spread over the coming quarters.
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Market Wrap: Dow, Nasdaq and S&P End Mixed
Tuesday's market update shows the Dow at 12 150.13 with a 52.30 point gain while the Nasdaq dips to 2 649.56 and the S&P 500 moves to 1 258.47 up 1.39. Treasuries ease, commodities trend mixed with corn at 5.97 a bushel and oil up 29 cents to 101.28 while gold falls 2.70 to 1731.80 and silver gains 0.37 to 32.74.
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Self meets Obama amid game day clash and NCAA chatter
KU coach Self recounts brief six minute visit with President Obama on Osawatomie call ins. He notes Obama is a true basketball fan who joked about past bracket picks. Self recalls meeting two other presidents, Bush and Clinton, and says the encounter was a once in a lifetime opportunity.
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Medicare open enrollment ends today in Douglas County
The last day for Medicare open enrollment arrives today, catching some seniors off guard as most years see a December deadline. Criss Tomlin of Douglas County Senior Services notes many seek help since open enrollment began October 15. Beneficiaries should review plans, as changes in prescriptions or policy can alter costs. The site Medicare.gov and 1-800-MEDICARE offer guidance for plan evaluations.
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Douglas County Senior Services
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KU's Big Event set for March 31
Registration is open for KU's Big Event on March 31 when students faculty and staff perform odd jobs for community members and organizations. Volunteers will work two shifts and organizers aim for more than 2,000 volunteers at 400 sites. The event follows last year's success. Fire officials say a Monday morning fire in Brookwood Mobile Home Park was caused by an overheated outlet and displaced a family. A dog died from smoke. The Red Cross assisted the displaced family with lodging and essentials while seeking permanent housing.
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Obama evokes Roosevelt in Kansas City speech on middle class
President Obama tied his economic critique to Theodore Roosevelt in a campaign style address in eastern Kansas arguing the defining issue is whether working Americans can rise to middle-class security. He urged action on income inequality, stressed responsibility, and challenged Republicans on taxes and regulation.
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