Monday, 05 January 2009
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  • Obama says his plan with tax cuts to get quick OK (AP)

    President-elect Barack Obama, flanked by Treasury Secretary-designate Timothy Geithner, left, and Council of Economic Advisers Chair-designate Christina Romer meets with members of his economic team at his transition office in Washington, Monday, Jan. 5, 2009. (AP Photo/Gerald Herbert)AP - President-elect Barack Obama plunged into rare pre-inaugural crisis talks with congressional leaders Monday, declaring the national economy was "bad and getting worse" and embracing tax cuts now expected to reach $300 billion. He predicted lawmakers would approve a mammoth revitalization package within two weeks of his taking office.

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  • Car sales plunge heralding bleak 2009 (Reuters)

    Major automakers reported U.S. sales in December that plunged by more than a third, closing out the weakest year for the battered industry in over a decade and a half in its largest single market. (Graphics/Reuters)Reuters - U.S. auto sales plunged by 36 percent in December led by outsized declines at Chrysler LLC, Hyundai Motor (005380.KS) and Toyota Motor Corp(7203.T) as the battered industry closed out its weakest year since 1992 in its largest single market.

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  • Boy, 4, shoots babysitter for stepping on his foot (AP)
    AP - Police say a 4-year-old boy in southern Ohio shot his babysitter because the sitter accidentally stepped on his foot. Police said 18-year-old Nathan Beavers and several other teenagers were babysitting several young children in a mobile home in Jackson on Sunday when the shooting occurred.

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  • Apple's Jobs has hormone imbalance, will stay CEO (AP)

    In this photo combo, Apple Inc. founder and Chief Executive Steve Jobs is seen on Sept. 17, 2007 in Berlin, Germany, left, and on Sept. 9, 2008 in San Francisco, right. Jobs, looking to end health rumors, on Monday, Jan. 5, 2009 said that a hormone imbalance is to blame for the weight loss that has prompted worries about his health. (AP File Photos)AP - Apple Inc. founder Steve Jobs, a survivor of pancreatic cancer whose gaunt appearance in the past year has alarmed the Mac and iPod lovers who look to him as an oracle, said Monday he has an easily treated hormone imbalance and will remain in charge of the company.