In the News: Mar-26

U.S. economy shrinks, profits plunge in Q4 - 26 Mar 2009 at 1:09pm - WASHINGTON (Reuters) - U.S. corporate profits plunged a record $120.1 billion in the fourth quarter as the economy shrank at its fastest pace since 1982, depressed by a slump in consumer spending and exports, government data showed on Thursday.

British police probe torture allegations by former Gitmo prisoner - 26 Mar 2009 at 11:09am - Police will investigate allegations that the British government was complicit in the torture of a former Guantanamo Bay detainee, the U.K. attorney general announced on Thursday.

More bad wiring imperils troops in Iraq - 26 Mar 2009 at 8:29am - WASHINGTON -- The military is racing to inspect more than 90,000 U.S.-run facilities across Iraq to reduce a deadly threat troops face far off the battlefield: electrocution or shock while showering or using appliances.

U.S. missiles hit NW Pakistan, rewards offered - 26 Mar 2009 at 8:14am - PESHAWAR, Pakistan (Reuters) - Missiles believed to have been fired by a U.S. drone aircraft killed four people in Pakistan's North Waziristan region on Thursday, hours after a similar strike killed seven in neighboring South Waziristan.

Obama to tighten screws on Wall Street: officials - 26 Mar 2009 at 8:06am - WASHINGTON (Reuters) - In a bid to quash Wall Street excesses that nearly caused the collapse of the U.S. financial system, the Obama administration will propose tough restrictions on financial firms, hedge funds and derivatives markets.

States consider drug tests for welfare recipients - 26 Mar 2009 at 7:32am - CHARLESTON, W.Va. -- Want government assistance? Just say no to drugs.

Thought for the day:
To understand the heart and mind of a person, look not at what he has already achieved, but at what he aspires to do. -Kahlil Gibran (1883 - 1931)