White House Won't Rule Out $1 Trillion Coin

(United States Mint/Wikimedia Commons)White House Press Secretary Jay Carney today flatly ruled out any negotiations with Congress over raising the debt ceiling, but there’s one odd-ball solution he would not rule out:  minting trillion dollars coins to pay off the debt.“There is no Plan B. There is no backup plan. There is Congress’s responsibility to pay the bills of the United States,”...

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Arianespace says 2012 sales leapt by 30%

PARIS: The European space launch company Arianespace said Tuesday that its 2012 sales rose 30 per cent and forecast that it would dominate Russian and US rivals this year with a market share of more than 60 per cent.Arianespace sales soared to more than 1.3 billion euros, and the company said that it already covered 60 per cent of the global market last year, bringing its order book to...

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J&K likely to have fifth Kashmiri CS

SRINAGAR: Chief minister Omar Abdullah is learnt to have given his nod to senior-most Kashmiri IAS officer Iqbal Khanday taking over as the new chief secretary of Jammu & Kashmir following the posting of Madhav Lal as secretary, Union government. If appointed, Khanday, a 1978 batch IAS officer, would become fifth Kashmiri chief secretary of the state. Lal, who has been secretary at the Centre,...

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Pictures: Wildfires Scorch Australia Amid Record Heat

Photograph by Jo Giuliani, European Pressphoto AgencySmoke from a wildfire mushrooms over a beach in Forcett, Tasmania, on January 4. (See more wildfire pictures.)Wildfires have engulfed southeastern Australia, including the island state of Tasmania, in recent days, fueled by dry conditions and temperatures as high as 113ºF (45ºC), the Associated Press reported. (Read "Australia's Dry Run" inNational...

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Menu Calorie Counts: How Accurate Are They?

They are supposed to help America's obesity problem: calorie counts boldly displayed on restaurant menus across the country and important information, considering Americans now eat one-third of their meals outside the home.Two states and nine counties require them today, and by the middle of next year, a federal law is expected to force chain restaurants, convenience stores...

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U.S. may default on its debt a half-month earlier than expected, new analysis shows

The U.S. government may default on its debt as soon as Feb. 15, a half-month earlier than widely expected, according to a new analysis adding urgency to the debate over how to raise the federal debt ceiling. The analysis by the Bipartisan Policy Center says that the government will be unable to pay all its bills starting sometime between Feb. 15 and March 1. The government...

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Samsung tips record Q4 profit of US$8.3b

SEOUL: South Korea's Samsung Electronics said Tuesday it expected to post a record operating profit of 8.8 trillion won ($8.3 billion) in the fourth quarter of 2012.The predicted operating profit for October-December represents an 89 per cent rise from a year earlier, and would beat the record of 8.1 trillion won set in the previous quarter.Samsung, the world's largest technology firm...

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Activists seek action against Asaram Bapu for his comments on Delhi gang-rape incident

NEW DELHI: Asaram Bapu ran into a hail of protests from his comments on anti-rape laws with activists demanding that religious and political leaders be held accountable for their statements.Coming amid a statement of what they called "sexist" and "misogynic" remarks from the political class, Asaram's statement infuriated the activists for whom he had so far been a distant figure. The so-called guru,...

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Primitive and Peculiar Mammal May Be Hiding Out in Australia

It’d be hard to think of a mammal that’s weirder than the long-beaked, egg-laying echidna. Or harder to find.Scientists long thought the animal, which has a spine-covered body, a four-headed penis, and a single hole for reproducing, laying eggs, and excreting waste, lived only in New Guinea. The population of about 10,000 is critically endangered. Now there is tantalizing evidence that...

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Colo. Suspect Bought Ticket 12 Days Before Shooting

Accused Aurora movie theater gunman James Holmes bought his movie ticket 12 days before the shooting, it was revealed in court today during the emotional first day of a preliminary hearing.Aurora Police Department homicide detective Matthew Ingui testified that there is no video surveillance of the actual shooting, but there are several photos of Holmes checking into the theater...

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