Wall Street Week Ahead: A lump of coal for "Fiscal Cliff-mas"

NEW YORK (Reuters) - Wall Street traders are going to have to pack their tablets and work computers in their holiday luggage after all. A traditionally quiet week could become hellish for traders as politicians in Washington are likely to fall short of an agreement to deal with $600 billion in tax hikes and spending cuts due to kick in early next year. Many economists forecast that this...

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After Mayan Apocalypse Failure, Believers May Suffer

You might expect the world not ending to be a cause for celebration. But for believers in doomsdays like yesterday’s supposed Mayan apocalypse, the continued existence of the planet can be quite traumatic.Yesterday (Dec. 21) was widely rumored online to be the end of the world, a misunderstanding of a calendar used by the ancient Maya people. Although the Maya made no doomsday predictions, some modern...

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Will media stay on gun story?

STORY HIGHLIGHTSHoward Kurtz: Conventional wisdom is that media will lose interest in gunsHe says that's been the pattern of media behavior after Columbine, other shootingsThis time seems like it might be different, he saysKurtz: Reporters profoundly shaken by story, should stay on itEditor's note: Howard Kurtz is the host of CNN's "Reliable Sources" and is Newsweek's Washington bureau chief. He is...

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2 children dead in Englewood fire, 2 others rescued

A 3-year-old boy and 2-year-old girl died this morning after they and two other children were left home alone in the Englewood neighborhood, officials say. (Posted Dec. 22nd, 2012) ...

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Egypt extends voting on Islamist-drafted charter

CAIRO (Reuters) - Egypt extended voting by four hours on Saturday in the second and decisive round of a referendum that was expected to approve the country's new Islamist-drafted constitution after weeks of protests and violence. Islamist supporters of President Mohamed Mursi, who was elected in June, say the charter is vital to move Egypt towards democracy, nearly two years after an...

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Wall Street drops 1 percent, fiscal deal unlikely before 2013

NEW YORK (Reuters) - Stocks sank more than 1 percent on Friday after a Republican proposal for averting the "fiscal cliff" failed to pass, diminishing hopes a deal would be reached soon in Washington. Trading is expected to be volatile as investors view a fiscal agreement between the White House and Republicans before the year-end as increasingly unlikely. With volume thin ahead of the...

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AP IMPACT: Big Pharma cashes in on HGH abuse

A federal crackdown on illicit foreign supplies of human growth hormone has failed to stop rampant misuse, and instead has driven record sales of the drug by some of the world's biggest pharmaceutical companies, an Associated Press investigation shows.The crackdown, which began in 2006, reduced the illegal flow of unregulated supplies from China, India and Mexico.But since then, Big Pharma has been...

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Goodbye, U.S. Postal Service?

This Christmas could be the Post Office's last, says John Avlon. STORY HIGHLIGHTSThe U.S. Postal Service is bleeding money and heading toward insolvency John Avlon: Congress can save the postal service in deal on the fiscal cliff He says the urgency is clear, let's hope for a Christmas miracle Avlon: But be prepared that Washington dysfunction can doom the postal service Editor's note: John Avlon...

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Criminal charges filed in deadly Indianapolis home explosion

INDIANAPOLIS — Prosecutors say criminal charges have been filed in the massive house explosion last month that killed an Indianapolis couple and decimated their neighborhood. Marion...

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Syrian rebels fight for strategic town in Hama province

BEIRUT (Reuters) - Rebels began to push into a strategic town in Syria's central Hama province on Thursday and laid siege to at least one town dominated by President Bashar al-Assad's minority sect, activists said. The operation risks inflaming already raw sectarian tensions as the 21-month-old revolt against four decades of Assad family rule - during which the president's Alawite sect...

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Wall Street ticks lower on "fiscal cliff" stalemate

NEW YORK (Reuters) - Stocks edged slightly lower on Thursday as investors fretted that a deal on the U.S. budget wouldn't come as soon as they had hoped after President Barack Obama threatened to veto a controversial Republican plan. The market barely reacted to a round of strong data, including on gross domestic product growth and housing, suggesting talks to avert the "fiscal cliff,"...

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AP IMPACT: Steroids loom in major-college football

WASHINGTON (AP) — With steroids easy to buy, testing weak and punishments inconsistent, college football players are packing on significant weight — 30 pounds or more in a single year, sometimes — without drawing much attention from their schools or the NCAA in a sport that earns tens of billions of dollars for teams.Rules vary so widely that, on any given game day, a team with a strict no-steroid...

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