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Wednesday, September 28, 2011

Today's Top Stories 9-28-11

BLOOMBERG

President Obama’s $447 billion jobs plan would help avoid a return to recession by maintaining growth and pushing down the unemployment rate next year, according to economists surveyed by Bloomberg News.

The European Union proposed a financial-transactions tax that would take effect in 2014 and raise about $78 billion a year, prompting renewed opposition from the U.K.

French President Nicolas Sarkozy’s government presented a 2012 budget that keeps spending unchanged from this year, with higher debt and pension charges continuing to weigh on its deficit.

Inflation in Germany, Europe’s biggest economy, accelerated more than economists forecast in September to the fastest pace in three years.

Emirates, the biggest international airline, will add flights to Seattle and Dallas in a revival of plans to establish a major route network to the world’s largest economy that it shelved after the 2001 terror attacks.

Oil fell in New York, heading for the biggest quarterly decline since 2008, on speculation that fuel demand will drop as the U.S. economy slows and Europe’s debt crisis batters consumer sentiment.

Men carry a higher risk of colon cancer than women and should get their first colonoscopy to screen for the disease at age 45, five years earlier than the current recommendation.

More people in the U.S. ignored their doctor’s advice and skipped prescription drugs or medical procedures to save money in 2011 than a year earlier, a Consumer Reports survey showed.

AP Top Stories

Libya's new rulers believe Gadhafi may be hiding in the southern desert, possibly in a vast area near the Algerian border, under the protection of ethnic Tuareg fighters.

Government health benefits for some 9 million of the sickest and poorest U.S. citizens will come under scrutiny from the congressional "super committee" seeking to cut the nation's debt.

A Republican-led House panel has asked the Planned Parenthood Federation of America to hand over more than a decade's worth of documents in a probe of whether the organization improperly spends public money on abortions.

Afghan and U.S.-led coalition troops have destroyed drugs worth more than $350 million and three drug laboratories in southern Afghanistan.

President Obama's popularity has risen sharply in Israel after he spoke out forcibly against a Palestinian statehood bid at the United Nations last week, according to a Jerusalem Post poll.

Russia's military says an experimental intercontinental ballistic missile failed during a test launch.

The number of gay and bisexual characters on broadcast network TV dipped slightly this season to 19 out of nearly 650 roles, according to the Gay & Lesbian Alliance Against Defamation.

Applications for U.S. home mortgages rose 9.3 percent last week, reflecting a jump in demand for home loan refinancing as mortgage rates dropped, an industry group said.

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