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    Reuters

    Reuters

    Contributor

  • PGA Tour strip president of Trump National Golf Club honour

    The Trump National Golf Club, owned by US President Donald Trump, has taken a hit from the PGA Tour.

  • New Subpoena Seeks Evidence Christie Administration Retaliated Against Mayor

    Federal prosecutors issued a new subpoena to the Port Authority of New York and New Jersey this week seeking possible evidence of claims New Jersey Gov. Chris Christie's administration retaliated against the Democratic mayor of Jersey City.

  • New Pfizer Drug Approved For Menopause Symptoms

    U.S. health regulators have approved Pfizer Inc's menopause drug Duavee, which is designed to reduce hot flashes with fewer side effects than older hormone-replacement therapies. The Food and Drug Administration said on Thursday it approved the drug to treat women with moderate to severe menopause symptoms and to prevent post-menopausal osteoporosis, a bone disease which can increase the risk of fractures. The drug, which Pfizer is developing with Ligand Pharmaceuticals Inc, combines bazedoxifene - which belongs to a class of drugs known as selective estrogen receptor modulators, or SERMS - and conjugated estrogens, which are derived from the urine of pregnant horses and contained in the hormone replacement drug Premarin.

  • Snowden Reportedly Receives Documents To Enter Russia

    Former U.S. spy agency contractor Edward Snowden was on Wednesday granted documents that will allow him to leave a Moscow airport where he is holed up, an airport source said on Wednesday. The official, who spoke on condition of anonymity, said Snowden, who is wanted by the United States for leaking details of U.S. government intelligence programs, was expected to meet his lawyer at Sheremetyevo airport later on Wednesday after lodging a request for temporary asylum in Russia. The immigration authorities declined immediate comment.

  • U.S. GDP In First Quarter Worse Than Previously Announced, Exposing Austerity Folly

    A dramatic downgrade of U.S. economic growth in the first quarter revealed the economy's lingering weakness, exposed the folly of Washington's austerity obsession and slapped the Federal Reserve's newfound optimism right in the face. Gross domestic product grew at just a 1.8 percent annualized pace in the first quarter, the Bureau of Economic Analysis said on Wednesday, revising down its earlier estimate of 2.4 percent growth. Economists had expected no change in the BEA's third effort at estimating GDP, and such sharp revisions are rare in a third estimate.

  • Romney Under Pressure To Score Debate Win Against Obama

    Running behind in the polls, Romney is more in need of a victory than Obama at the University of Denver, the first of three such face-offs scheduled in the next four weeks. "I think he's got to have a pretty convincing win," said David Yepsen, director of the Paul Simon Public Policy Institute at Southern Illinois University. Most polls show Obama maintaining a lead over Romney, although an NBC/Wall Street Journal survey released on Tuesday showed Obama edging Romney by just three points among likely voters, at 49 percent to 46 percent.

  • Durbin: Fiscal Cliff Solution Unlikely Before November

    The U.S. Congress is unlikely to resolve looming tax and spending issues before the Nov. 6 elections, a top Senate Democrat said on Sunday, but lawmakers are working on a proposal to tackle the issue after the elections. Dick Durbin, the No. 2 Democrat in the Senate, said a bipartisan group of eight lawmakers is in talks to develop a solution to the steep tax increases and spending cuts, known as a "fiscal cliff," that take effect at the end of the year if no action is taken. "But if we are prepared the day after the election to move forward with a plan that restores confidence in the economy, and the ability of Congress to react to it, it's going to be a positive thing for us," Durbin said.

  • Former Pol Indicted On Big Charges

    Former Massachusetts Treasurer Timothy Cahill has been indicted on fraud and conspiracy charges for allegedly using the state's taxpayer-funded lottery advertising budget to boost his sagging gubernatorial campaign, the state attorney general said. Attorney General Martha Coakley said a Suffolk County grand jury handed up the public corruption charges after her office alleged that Cahill directed the lottery to change the content and timing of its ad campaign to benefit him during the last weeks of his ailing gubernatorial bid. "We are alleging that his fraudulent intent was to use the lottery (advertising) budget for his own benefit," Coakley said at a news conference, adding that he put his own interest ahead of that of the taxpayers.