Americans cut borrowing again amid mixed December data
U S borrowers reduced total debt for the 11th straight month in December as they paid down credit cards while rising purchases on cars and other goods. The Fed reported a $1.8 billion drop versus November’s $21.8 billion decline, well below consensus, signaling cautious spending amid 9.7 percent unemployment and global economic unease. Finance officials at a G7 gathering in Iqaluit discussed debt risks, imbalances, stimulus, and banking regulation amid market turbulence.
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Thomson Reuters
Iqaluit
Nunavut
America
China
Saints Face City’s Mayoral Choice Amid Carnival News
Crowds flood New Orleans for Carnival and the Saints first Super Bowl bid while residents vote today for a new mayor to steer Katrina recovery. Mitch Landrieu, son of Moon Landrieu, seeks to become the city’s first white mayor in decades amid a crowded field.
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New Orleans
Saints
Ray Nagin
Moon Landrieu
Louisiana
Mitch Landrieu
Nagin
Preteen Carnival queen stirs Rio controversy
Seven year old Julia Lira is named drum corps queen for the Viradouro samba group sparking outcry in Rio de Janeiro where critics and a state rights agency question whether a child should perform in a role tied to adult sensuality. Her father Marco Lira defends her, calling her a natural at samba despite calls to block her participation.
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Shirley Temple
Julia Lira
Viradouro Samba
Julia
Viradouro Group
Rio
Marco Lira
Haitians Begin Returning To Port au Prince After Earthquake
Half a million residents fled Port au Prince after the quake and are returning to the capital area amid rubble piles camps and food lines. Authorities warn reconstruction must precede returns. The plan aims to move people to second cities and decentralize Haiti with international partners guiding building codes and damage assessments.
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Haiti
Port au-Prince
Marie Marthe Juste
Petionville
la Boule
Max Bellerive
Rene Preval
Aby Brun
U.S
Rodrigo Aba Ap Phot
Missionaries denied early release in Haiti kidnapping case
Ten U S Baptist missionaries remained jailed after failing to win provisional release as hearings stretch into next week in Port-au-Prince. Defense says most did not know they lacked papers to remove 33 children after the earthquake. Sixteen-foot rubble and questions from officials marked the day as the group awaits further court sessions.
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Haiti
Edwin Cog
The
Cour
Cog
Laura Silsby
Xavier Galeano
Drew Culberth
Topeka
Kansas
Nicole Lankford
Carla Thompson
Connna Lankford
Meridian
Idaho
Jobless rate drops to 9.7 percent in January
The January unemployment rate fell to 9.7 percent from 10 percent, with 541,000 more Americans employed. Seasonal adjustments distort the figures, while the private sector added 63,000 positions excluding construction. Analysts see a slow recovery and potential hiring gains ahead.
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Labor Department
Tom Nardone
Department
Bureau of Labor Statistics
John Silvia
Wells Fargo
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