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Updated: 49 min 38 sec ago

Obama seeks massive tax break for business

34 min 48 sec ago
Companies could save $200 billion by writing off capital investment. The president also announces a $50-billion spending plan for roads, runways and railroads.

President Obama this week will call for tax incentives that would allow businesses to write off 100% of new capital investment through 2011 — moves that the White House says could save businesses $200 billion over two years.


Legal showdown over Asian carp invasion

34 min 48 sec ago
The voracious fish is the focus of a lawsuit brought by five Great Lakes states to force the federal government to close Chicago-area shipping locks in an effort to keep the carp out of Lake Michigan.

The 30-pound silver carp that leapt from the water last week and knocked a kayaker out of a 340-mile race down the Missouri River is a reminder of what's at stake Tuesday when the Asian carp debate returns to court in Chicago.


1,000 evacuate as Colorado wildfire burns some homes

Mon, 09/06/2010 - 23:11
A wind-driven wildfire in the rugged Colorado foothills spread across 5 1/2 square miles Monday, destroying an unknown number of homes and triggering the evacuation of 1,000 others, authorities said.


Tropical Storm Hermine makes landfall in north-east Mexico

Mon, 09/06/2010 - 21:03
Packing near-hurricane force winds, Tropical Storm Hermine struck the Mexican coast about 40 miles south of the U.S. border Monday night, the U.S. National Weather Service reported.


It's a long shot, but Senate's now in GOP sights

Mon, 09/06/2010 - 18:34
Outsiders could alter a staid chamber, which might become even more polarized.

In a shift of political fortunes that seemed unimaginable even recently, Republicans now have a long-shot chance to take control of the Senate, bolstering their ranks with outsider candidates who would probably shake up the chamber.


Obama seeks $50 billion in transportation spending to create jobs

Mon, 09/06/2010 - 15:47
The president says the plan would put construction workers back on the job without adding to the deficit. Republicans say it's more unnecessary spending.

WASHINGTON — President Obama on Monday called for a $50-billion surge in spending on the nation's roads, runways and railroads, his latest effort to respond to the stubbornly sluggish economy in a political climate turning against his party.


Shrimp and oil are still king at this Louisiana festival

Mon, 09/06/2010 - 02:00
The unique event has gone on for 75 years. Organizers weren't going to be stopped by an oil spill, even one that hurt the seafood industry. 'We're going to overcome this,' says the festival king.

After the BP oil spill, the organizers of one of America's more unusual civic celebrations began fielding the phone calls, the ones that invariably asked: Are you really going to have it this year?


Obama to seek extension of R&D tax credits

Mon, 09/06/2010 - 02:00
Boosting business research and development is part of the president's broader plan for the economy. Other proposals call for increased infrastructure spending and continuing tax cuts for the middle class.

President Obama will ask Congress to pass a $100-billion plan to expand and permanently extend the tax credits for businesses that invest in research and development, part of a larger plan for spurring the economy that he is to unveil in greater detail Wednesday.


Lower Manhattan denizens chafe over mosque debate

Sun, 09/05/2010 - 20:20
Most care more about the bigger struggle to rejuvenate and rebuild their wounded neighborhood.

Politicians have deemed the area around New York's "ground zero" hallowed ground. Protesters have paraded signs proclaiming, "No sacrilege at holy ground," and others have called it the site of a "sacred burial."


6 minor earthquakes recorded in central Oklahoma, same area had several temblors this week

Sun, 09/05/2010 - 19:08
OKLAHOMA CITY (AP) — For the second time in less than a week, six small earthquakes have been recorded in a single day in central Oklahoma.


Obama to seek extension of R&D tax credits

Sun, 09/05/2010 - 13:32
Helping businesses that invest in research and development is part of the president's broader plan for the economy. Other proposals call for increasing infrastructure spending and continuing tax cuts for the middle class.

President Obama will ask Congress to pass a $100-billion plan to expand and permanently extend the tax credits for businesses that invest in research and development, part of a larger plan for spurring the economy that he is to unveil in greater detail Wednesday.


Los Angeles school named after Al Gore

Sun, 09/05/2010 - 02:00
He's the first vice president to have an L.A. school named after him, sharing the honor with author Rachel Carson. Fittingly, the campus will be devoted to environmental themes. But there's a catch.

Al Gore has had some tough breaks — like losing the presidency after getting more votes than the other guy — but the noted environmentalist achieved a singular honor last week, becoming the first vice president to have a Los Angeles school named after him.


Paul Conrad dies at 86; Pulitzer Prize-winning political cartoonist helped bring The Times to national prominence

Sun, 09/05/2010 - 02:00
His unyielding liberal stance, delivered as savage black-and-white harpoons, bedeviled Richard Nixon, Ronald Reagan and others in power while shedding an uncompromising light on social injustices. He drew for The Times for nearly 30 years.

Paul Conrad, whose fiercely confrontational editorial cartoons made him one of the leading political provocateurs of the second half of the 20th century and who helped push the Los Angeles Times to national prominence, has died. He was 86.


For many unemployed workers, jobs aren't coming back

Sun, 09/05/2010 - 02:00
The U.S. unemployment rate will remain elevated for years, experts say, a grim prospect for Americans who have exhausted their benefits.

The U.S. economy will eventually rebound from the Great Recession. Millions of American workers will not.


In year of outsiders, Florida governor stands his ground

Sun, 09/05/2010 - 02:00
By ditching the GOP and hewing to the center, Charlie Crist has set up an intriguing three-way Senate race.

It's easy to find people who will say bad things about Charlie Crist.


Craigslist shuts down adult ads

Sun, 09/05/2010 - 02:00
The link to the adult section of the site is replaced with a black bar that says 'censored.' State attorneys general had said the ads veered close to illegally promoting prostitution.

Craigslist appears to have surrendered in a legal fight over erotic ads posted on its website, shutting down its adult services section Saturday and replacing it with a black bar that says "censored."


Earl's worst damage: lost tourism business

Sun, 09/05/2010 - 02:00
The storm, which finally made landfall in Nova Scotia, was much less intense than feared.

In the end, Earl's worst damage in New England was to seasonal businesses hoping to end their summer on a high note.


GOP flies high, but midterm won't be a breeze

Sun, 09/05/2010 - 02:00
A Republican takeover of the House — maybe even the Senate — looks less impossible every day. Still, money and message problems continue to weigh the party down.

Two months before election day, the U.S. economy is teetering. President Obama's approval ratings are anemic. Republican voters are pumped. The smart money is betting against Democratic incumbents.


BP oil well declared to be no longer a threat to gulf

Sun, 09/05/2010 - 02:00
With the replacement of the failed blowout preventer and a cement plug in place, the well's seal is almost permanent, the federal spill response chief says. The final step will be to plug the well from the bottom.

With a new blowout preventer in place and a 5,000-foot column of cement filling its core, the BP well is no longer in danger of leaking oil, the federal spill response chief said Saturday — although he said it must still be plugged from the bottom for the job to be complete.