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Lawrence Journal World in Lawrence, Kansas

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Newspaper

Lawrence Journal World

Location

Lawrence, Kansas, United States of America

Date

Dec 07, 2012

Page

6

Washington legalizes marijuana market starts with limits

Washington state laws allow adults over 21 to possess up to one ounce of marijuana starting Thursday, while sales remain illegal for now. The Liquor Control Board will regulate growers processors and retailers within a year, balancing adult use with teen protection and federal law concerns.

Seattle Space Needle Washington State Washington Colorado Justice Department Brian Smith Washington Liquor Control Board Liquor Control Board Smith

Medicare age rise sparks budget clash and risk

Americans live longer and Republicans push raising Medicare eligibility to 67 as part of deficit reduction. The move could lower annual spending but raise premiums for beneficiaries and trigger broader long term effects, drawing concern from AARP and Democrats while shaping budget talks.

Washington Barack Obama AARP Seniors’ Lobby House Nancy Pelosi D-Calif Obama GOP Tricia Neuman Medicare Kaiser Family Foundation

Morsi offers no concessions in Cairo crisis speech

President Mohammed Morsi gave a nationally televised address promising dialogue but gave no concrete steps to defuse the crisis. After clashes outside his Cairo palace that left at least six dead and hundreds injured, he refused to rescind decrees or the contested constitution and accused opposition protesters of defending the old regime. The opposition insists on rescinding the decrees and shelving the draft before dialogue can occur.

Cairo Mohammed Morsi Morsi

Market Snapshot Thursday Dow Rises 39.55 to 13074.04

Markets show gains with the Dow up 39.55 at 13074.04 while Nasdaq climbs 15.57 to 2989.27 and the S&P 500 adds 4.66 to 1413.94. Treasury 30 year yields at 2.76 percent and commodities move: corn down 6.25 cents to 7.52, soybeans up 12 cents to 14.91, wheat up 5 cents to 8.98. Oil falls 1.62 to 86.26, gold rises 8 to 1701.80, silver up 1.57 to 33.11, platinum up 16.50 to 1600.70.

S&p Treasury Chicago Kansas City New York

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