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July 2009

Guests for the Sunday TV news shows (AP)

Guest lineup for the Sunday TV news shows:
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ABC's "This Week" — Treasury Secretary Timothy Geithner; former Federal Reserve Chairman Alan Greenspan.
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CBS' "Face the Nation" — Lawrence Summers, director of the National Economic Council.
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NBC's "Meet the Press" — Summers; former Reps. Harold Ford Jr., D-Tenn., and J.C. Watts, R-Okla.
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CNN's "State of the Union" — Sen. John McCain, R-Ariz; Christina Romer, head of the Council of Economic Advisers.
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"Fox News Sunday" — Rep. Charlie Rangel, D-N.Y.; Sen. Jim DeMint, R-S.C.; Rep. Mike Pence, R-Ind.

Dodd has prostate cancer (AP)

WASHINGTON – Sen. Christopher Dodd, D-Conn., has been diagnosed with an early stage of prostate cancer and intends to have surgery early in August, his office said Friday.
Dodd plans to be back at work when Congress reconvenes in September, according to an e-mail his office circulated to fellow senators. The AP obtained a copy.
Aides also said the diagnosis would not affect Dodd's plans to seek a sixth term in 2010.
Dodd planned to announce the diagnosis at a news conference in Hartford, Conn., Friday afternoon.
Dodd, 65, is chairman of the Senate Banking Committee and also is playing a lead role in Congress' overhaul of the nation's health care system. He took that role while his close friend, Senate health committee Chairman Edward Kennedy, D-Mass., fights his own battle with brain cancer.
Prostate cancer is the most common form of the disease in men in the United States, affecting about 6.4 out of every 100 men in Dodd's age group, according to the Centers for Disease Control.
The e-mail said that a routine test caught Dodd's cancer at an early stage and he is expected to make a full recovery.
Dodd is married to the former Jackie Clegg. They have two young daughters.

AutoNation profit off, but sees improving market (Reuters)

DETROIT (Reuters) –
Top U.S. auto dealership group AutoNation Inc (AN.N) posted a 29-percent drop in quarterly earnings but forecast an improving U.S. vehicle market after slashing inventory costs and seeing a sharp gain in July sales.

"The downward spiral has been broken," AutoNation Chief Executive Mike Jackson said.

AutoNation's showroom traffic jumped by 36 percent over the past week since the introduction of the U.S. government's "cash for clunkers" sales incentive, Jackson told Reuters.

In addition, the auto dealership chain increased new vehicle orders by 45 percent in the past quarter to prepare for a recovery in industry-wide auto sales, Jackson said.

Second-quarter net earnings fell 29 percent to $36.7. million, or 21 cents per share, from $51.8 million, or 29 cents per share a year earlier. Revenue dropped 29 percent to $2.6 billion.

Excluding one-time items, earnings from continuing operations were 29 cents per share. That was above the 25 cents per share analysts on average had forecast on that basis, according to Reuters Estimates.

Its shares were down 65 cents to $19.98 in premarket trading.

(Reporting by Kevin Krolicki; Editing by Derek Caney)

Embattled Japan PM pledges to fix economy (AFP)

TOKYO (AFP) –
Japan's embattled Prime Minister Taro Aso on Friday pledged to fix the recession-hit economy and create millions of jobs, seeking to claw back fading support as he heads to the ballot box.

Aso's party, which has ruled Japan almost without a break for more than half a century, is lagging badly in opinion polls against the untested centre-left Democratic Party of Japan (DPJ) ahead of the crucial August 30 vote.

To win over undecided voters, still a third of the electorate, the party promised a range of measures, from free pre-school education and day care to steps boosting the economy which is stuck in its worst post-war slump.

By early 2011, Aso pledged, the world's number two economy would once again be humming along at a healthy 2.0 percent growth, a far cry from the 3.4 percent contraction the central bank has forecast for this fiscal year.

Aso also pledged to create two million jobs within three years and vowed that, a decade from now, household incomes would have grown by 10,000 dollars a year and that Japan would lead the world in per capita income.

Approval ratings for Aso -- a political veteran with a gruff demeanour, often derided for his gaffes and erratic policy changes -- have dipped into the teens, badly lagging the opposition Democratic Party of Japan.

On the day Aso spoke, new government data showed that in June the jobless rate rose to 5.4 percent, close to the post-war record, while deflation deepened with the steepest-ever consumer price drop.

With the elections looming, Aso's Liberal Democratic Party (LDP) has sought to paint itself as the experienced party fit to steer Japan through its economic slump and represent the country on the world stage.

"I want to stress our ability to take responsibility," said Aso. "Campaign pledges must be backed up and consistent... The Liberal Democratic Party has the power to realise them. That's what makes us different from other parties."

The ruling party has attacked the opposition's "people first" campaign pledges unveiled this week -- including generous social welfare spending and scrapped highway tolls, all without tax hikes -- as fiscally irresponsible.

It has also charged that the DPJ, which has routinely opposed the deployment of Japanese forces overseas citing the pacifist constitution, lacks a solid foreign policy agenda and cannot be trusted to ensure Japan's security.

The LDP has stressed its international contribution to "fighting terrorism", including through a naval refuelling mission in support of US-led forces in Afghanistan, which the opposition has said it would scrap.

In its campaign pledges the ruling party also said it would seek a law to enable the government to dispatch troops to missions overseas, doing away with rules that require parliament to pass a temporary law for each mission.

On environmental policies, the LDP said it would seek to increase solar power generation 20-fold by 2020 and 40-fold by 2030.

The party also said it would try to increase the food self-sufficiency rate to 50 percent for Japan, which now imports most of its food.

Like the DPJ, the party said it supports ending "hereditary politics", although about one third of parliamentarians are children of politicians, and both Aso and his opponent Yukio Hatoyama are grandsons of former premiers.

Former Indian royal Gayatri Devi dies (AP)

JAIPUR, India – The former queen of the western Indian desert kingdom of Jaipur, Gayatri Devi, who was often described as one of the most beautiful women in the world, died Wednesday. She was 90.
Gayatri Devi, who also served three times as a national lawmaker, was hospitalized for about 10 days with stomach and respiratory problems before she died, her doctor S.C. Kala said.
Gayatri Devi's classical good looks ensured that photographs of her in elegant chiffon saris and diamonds and pearls were splashed across fashion and lifestyle magazines. She was also known for her love of horses and polo.
She was born into the royal family of Cooch Behar in what is now eastern India on May 23, 1919, decades before the partition of the subcontinent that heralded the demise of Indian royalty. She became the third wife of Sawai Man Singh, the "maharaja" or ruler of Jaipur, in 1939. Gayatri Devi was the "maharani."
More than 500 such royal families ruled parts of India and received "privy purses" or payments from British colonial rulers. When India became independent in 1947 royal titles were abolished and payments cut off. Several royal households slipped into penury but the former Jaipur royal family remained wealthy, converting some former palaces into luxury hotels.
In 1960 Gayatri Devi launched a political party and contested and won a place in India's Parliament. She withdrew from politics in the 1970s.
She supported education for women and established a girl's school which was named after her in Jaipur, now the capital of the state of Rajasthan and the city where she died.
Her funeral was to take place Thursday at the cremation grounds used by the former royal family, her stepson Bhawani Singh said.
Gayatri Devi is survived by two grandchildren and several relatives from her husband's family.

Dean Slams Senate Finance Committee (The Nation)

The Nation -- Howard Dean guest hosted Countdown with Keith Olbermann at an opportune time last night, following reports that the Senate Finance Committee--helmed by Montana Democrat Max Baucus--is preparing to exclude a public option from its long-awaited healthcare bill.

"What if the Senate Finance Committee has already done the Republicans dirty work for them?" Dean asked rhetorically at the beginning of show.

Dean has just authored a book on healthcare reform--detailing why America needs a public option--and knows quite a bit about the subject from his years as a doctor and governor of Vermont. He called Baucus's reported bill the "so-called compromise."

Dean asked Chris Van Hollen, chairman of the Democratic Congressional Campaign Committee, why Baucus would "give away something something so fundamental to healthcare reform as a public option?"

"We have to have the public option," Van Hollen responded. "And we hope the Senate Finance Committee will."

Dean noted that 72 percent of Americans, according to a New York Times poll, support a public option. "Is what Americans want already dead in the Senate?" Dean asked.

"No," Van Hollen answered. But it isn't clear what kind of leverage House Democrats have with the likes of Baucus, nor do we know yet whether they'll be able to keep their own Blue Dog conservatives in line.

"President Obama promised change we can believe in," Dean told Van Hollen. "Are you worried about our party in 2010 if we don't get any change at all?"

Van Hollen said that Democrats will be judged on whether they delivered on a promised new direction. What they end up doing on healthcare will go a long way towards answering that question.

In the next segment, Dean asked Wendell Potter--a former spokesman for Cigna turned whistleblower--"what motive do Republicans and Blue Dogs have to kill the public option?"

"They have a motive to protect the insurance industry," Potter responded.

As a riposte, Dean played a clip of Bill Kristol praising government-run healthcare for our troops.

The Daily Show With Jon StewartMon - Thurs 11p / 10cBill Kristol Extended Interviewwww.thedailyshow.comDaily Show Full EpisodesPolitical HumorJoke of the Day

Later in the show, Dean interviewed The Nation's Chris Hayes about the right-wing birther moment. He asked Chris if Republicans risked losing even more political capital by pushing such lies. "I'm not sure how much reputational capital is left in the Republican Party at this point," Hayes answered. Zing!

At the end of the show, Dean talked to Olbermann, who's vacationing in Cooperstown, about the possible reinstatement of Pete Rose to major league baseball. Dean admitted the talk show gig was "a lot harder than I thought it was."

He'll be guest hosting again tonight.

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Pope: 'Guardian angel' did not stop accident (AP)

LES COMBES, Italy – Pope Benedict XVI said Wednesday that his "guardian angel" let him down when he fell and broke his wrist earlier this month, but that the angel was clearly acting "on superior orders."
The pope thanked law enforcement officials for being "like angels," as he prepared to depart Les Combes, the Alpine resort where he tripped and injured his wrist 10 days ago while on vacation.
"Unfortunately, my own guardian angel did not prevent my injury, certainly following superior orders," Benedict said.
"Perhaps the Lord wanted to teach me more patience and humility, give me more time for prayer and meditation," the pope added.
Benedict leaves Les Combes, near the French border, later Wednesday to spend the rest of the summer in Castel Gandolfo, a papal retreat near Rome.
The 82-year-old pope fell in his mountain chalet and fractured his right wrist. He had surgery at a local hospital on July 17 and spent the rest of his two-week vacation in a cast.
He kept up his limited public schedule and seemed to move with ease, though the injury made writing by hand difficult.
The pontiff had hoped to make progress during the vacation on the second installment of his two-book project on Jesus of Nazareth. The pope, who likes to write by hand, used a tape recorder to collect his thoughts.

Group Health Insurance

Group Health Insurance

Gamblers, by creating new risk transfer, are risk seekers. Insurance buyers are risk avoiders, creating risk transfer in terms of their need to reduce exposure to large losses.

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