New inflation measure could trim Social Security raises
Congress weighs adopting the chained CPI to measure inflation, a move that would shrink future Social Security boosts and federal benefits while raising taxes over a decade. The plan, backed by some lawmakers, could widen tax brackets and reduce program eligibility, with seniors and low-income families most affected.
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Washington
Congress
Obama
Max Richtman
The
National
Richtman
AARP
Judge blocks graphic cigarette pack images ruling
U S District Judge Richard Leon blocked a federal rule requiring graphic images on cigarette packs. He stayed the requirement amid a pending lawsuit likely to take years and said the images overstep factual warning limits, resembling advocacy more than health information.
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Washington
U.S
Richard Leon
Leon
Food and Drug Administration
U.S. Food and Drug Administration
FDA
Justice Department
Experts: Oklahoma quakes too powerful to be man made
Oklahoma experienced magnitude 5.6 quakes likely caused by natural crustal faults rather than fracking. Experts note hydraulic fracturing releases far less energy than large earthquakes and cite past cases linking injections to minor tremors, while authorities study potential human effects.
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Oklahoma
Washington
Oklahoma City
Stanford University
Mark Zoback
U.S. Geological Survey
Paul Earle
Rockies
Arkansas
Texas
California
England
Germany
Switzerland
Denver
National Academy of Sciences
Mark Zuckerberg Returns to Harvard with Hiring Pitch
Mark Zuckerberg, 27, alumnus of Harvard who left for Silicon Valley in 2004, returned to campus Monday to recruit students. He spoke to about 250 at Harvard and previously met with MIT students, saying the next five to ten years will reshape many products and industries.
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Facebook
Mark Zuckerberg
Harvard University
California
Silicon Valley
Harvard
Massachusetts Institute of Technology
Pressure mounts on Berlusconi to quit amid Italy debt crisis
Italy confronts mounting pressure as high borrowing costs threaten political stability. Berlusconi defends staying in power though defections threaten reforms. If he falls, Napolitano could appoint a technocratic government led by Mario Monti amid fears of a eurozone bailout and a potential shift in Europe’s financial outlook.
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Italy
Berlusconi
Rome
Europe
Silvio Berlusconi
Greece
Ireland
Portugal
Giorgio Napolitano
Mario Monti
General Electric
Honeywell
International Monetary Fund
Monday Market Wrap Hits Records Across Major indices
Markets showed mixed closes with Dow at 12,068.39 and S&P 500 near 1,261.12 while Nasdaq hovered around 695.25. Commodities moved, corn fell 2.50 cents to 6.53, soybeans slipped 19.25 cents to 12.02, wheat rose 6.50 cents to 7.25, oil gained 1.26 cents to 95.52, gold rose to 1,791.10, and silver edged up 7.44 cents to 34.83 while platinum traded near 1,658.
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Dow Industrials
S&p
Chicago
Kansas City
New York
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Winkugear
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