Disaster averted in India

October 15, 2013 - Daily News Briefing

Cyclone Phailin followed a track similar to one that devastated eastern India in 1999.

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After weeks of stubborn gridlock, the Senate’s top two leaders raced to reach an agreement Monday that could head off a Treasury default threatening severe economic damage at midweek and end the 14-day partial US government shutdown. Under the terms they were discussing, the $16.7 trillion debt limit would be raised enough to permit the Treasury to borrow normally until mid-February if not several months longer. The government would reopen with funds sufficient to operate until mid-January at levels set previously.

Stung by a recession that sapped investments and home values, but expressing widespread job satisfaction, older Americans appear to have accepted the reality of a retirement that comes later in life and no longer represents a complete exit from the workforce. Some 82 percent of working Americans over 50 say it is at least somewhat likely they will work for pay in retirement, according to a poll released Monday by the Associated Press-NORC Center for Public Affairs Research.

After a week-long interrogation aboard a US warship, a Libyan Al Qaeda suspect is now in New York awaiting trial on terrorism charges, US officials said Monday. Abu Anas al-Libi was grabbed in a military raid in Libya on Oct. 5. He’s due to stand trial in Manhattan, where he has been under indictment for more than a decade on charges he helped plan and conduct surveillance for the bombings of US embassies in Africa in 1998.

Americans Eugene Fama, Lars Peter Hansen, and Robert Shiller won the Nobel prize for economics on Monday for developing methods to study trends in stock, bond, and housing markets. The Royal Swedish Academy of Sciences said that through their separate research, the three had laid the foundation of the current understanding of asset prices and changed the way people invest.

A major San Francisco Bay-area transit strike was averted for at least a day after two labor unions extended contract negotiations beyond a midnight deadline and agreed not to walk off the job Monday to allow more talks.

Russian police on Monday swept through a vegetable warehouse earlier targeted by rioters, rounding up more than 1,000 migrant workers, checking their documents, and loading them onto waiting vans to be investigated for criminal activity. Caucasus natives work at many markets and warehouses around Moscow, but even though they are from the same country they are required to register in order to live in the city and face regular discrimination.

The UN Mission in Kosovo says a bomb thrown at the residence of a prominent Serb in Kosovo’s tense north caused extensive damage to his house, neighboring buildings and a vehicle. No one was injured. Monday’s targeting of politician Nebojsa Maric in Mitrovica highlights tensions ahead of the Nov. 3 local poll that many Serbs oppose because they say it validates Kosovo’s 2008 secession from Serbia.

Compiled from wire service reports

“The object of the Monitor is to injure no man, but to bless all mankind.” – Mary Baker Eddy

The Daily News Briefing is published Monday through Friday by The Christian Science Publishing Society in Boston, Massachusetts.

Compiled from wire service reports

“The object of the Monitor is to injure no man, but to bless all mankind.” – Mary Baker Eddy

The Daily News Briefing is published Monday through Friday by The Christian Science Publishing Society in Boston, Massachusetts.

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