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Bernanke: Recession Likely If Congress Doesn't Act

ABC News -
(ABCNEWS.com) Federal Reserve Chairman Ben Bernanke sketched a bleak picture of the US economy Tuesday - and warned it will darken further if Congress doesn't reach agreement soon to avert a budget crisis.
Bernanke Offers Bleak View but No Clues on Action
Congressional Probe of Fed and Libor Set to Widen to U.S. Banks
The Wall Street Journal Digital Network
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Romney's Ticket Talk Is Heating Up

Wall Street Journal -
By COLLEEN MCCAIN NELSON And SARA MURRAY In the time before his party's national convention late next month, Mitt Romney still has one surefire way to draw the spotlight to his campaign: When he names a running mate, the choice will dominate the ...
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'Dark Knight Rises': 2.5 stars

Chicago Tribune -
Eight years after the camp frippery of “Batman & Robin” (1997), in which Arnold Schwarzenegger's Mr. Freeze and Uma Thurman's Poison Ivy played dress-up while George Clooney let his nipply bat-suit do most of the acting, director and co-writer ...
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Yahoo's new CEO and former Google star Marissa Mayer has her work cut out for her

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San Jose Mercury News -
She was accepted to all ten colleges she applied to. With 14 job offers in hand upon graduation, she had a data-crunching economist help her with the winnowing.
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Penn State to respond to NCAA demand within days

Boston.com -
STATE COLLEGE, Pa.—Penn State says it will respond within days to the NCAA's demand for information as the governing body decides whether the university should face penalties after the Jerry Sandusky child sex abuse scandal.
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Libyan elections favor secular coalition over Islamist party

USA TODAY -
CAIRO - A coalition of secular parties in Libya known as the National Forces Alliance won just shy of half the seats allocated to parties in parliamentary elections, besting the party of the Muslim Brotherhood, officials said Tuesday.
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Syrian crisis enters new phase with Damascus battles

Xinhua -
DAMASCUS, July 17 (Xinhua) -- The violence and turmoil that have hit several Syrian cities since the start of the crisis has reached the heart of the capital Damascus, which has seen an unprecedented rise in clashes between the Syrian armed forces and ...
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Putin, Annan meet on Syria crisis

The Associated Press -
By JIM HEINTZ, AP - 16 minutes ago MOSCOW (AP) - Russia's foreign minister on Tuesday said Moscow is ready to seek consensus in the UN Security Council on a new resolution aimed at ending Syria's civil war, but gave no indication how it would resolve a ...
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Unity Government in Israel Disbanding Over Dispute on Draft

New York Times -
JERUSALEM - The broadest unity coalition Israel has seen in many years broke apart Tuesday evening, rent by irreconcilable differences over how to integrate ultra-Orthodox men and Arab citizens into the military and civilian service, a fundamental ...
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Gay People Will Remain Unaccepted By Boy Scouts

New York Times -
The Boy Scouts of America has reaffirmed its longtime policy of barring openly gay boys from membership and gay or lesbian adults from serving as leaders.
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FBI: Dogs detect scent of Iowa cousins near lake

USA TODAY -
EVANSDALE, Iowa (AP) - Authorities searching for two young cousins drained an Iowa lake Tuesday after FBI dogs detected the girls' scents near where their bicycles were found four days earlier, heightening suspicion from family members that they might ...
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US Murder suspect tries to steal plane, kills self 9 of 9

CBS News -
(CBS/AP) SALT LAKE CITY - A SkyWest Airlines pilot suspected of killing his ex-girlfriend stole an empty 50-passenger jet from a small Utah airport, crashed it as he drove near a terminal, then was found dead with a self-inflicted gunshot wound, ...
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HSBC compliance chief steps down after lax controls exposed bank to illicit ...

Washington Post -
WASHINGTON - The head of compliance at Europe's largest bank resigned from his position and apologized Tuesday after a Senate investigation found HSBC had lax controls that exposed it to money laundering and terrorist financing.
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Intel's Income Rises, but Company Warns of Slower Growth

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New York Times -
SAN FRANCISCO - The world's largest semiconductor maker is getting pounded by poor consumer demand. Intel on Tuesday lowered its outlook for the second half of the year based on poor retail demand for personal computers powered by the company's chips ...
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Austin greets Obama with barbecue and peach cobbler

San Antonio Express -
By Mikaela Rodriguez and Andrew Messamore AUSTIN - It may be a red state, but there was no lack of true blue enthusiasm for President Barack Obama in Austin Tuesday.
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McCain: Palin Was 'Best Fit'

Daily Beast -
Sen. John McCain's camp issued a statement on Tuesday attempting to clarify his remarks earlier in the day, when he said he chose Sarah Palin over Mitt Romney as his running mate in 2008 because she was the “better candidate.
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Microsoft Counting on Office 2013 to Retain Enterprise App Dominance

Written by
eWeek -
NEWS ANALYSIS: The Cloud-focused Office 2013 is a critical component in Microsoft's effort to fend off incursions by Apple and Google into its core enterprise market.
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PayPal buys Card.io, maker of mobile credit card scanning tech

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CNET -
Acquisition of San Francisco-based startup is an apparent move to bolster its mobile-payment position against upstart Square. by Steven Musil PayPal announced today it has agreed to acquire Card.
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Why Google, Microsoft Got Into Tablet Business

InformationWeek -
Google and Microsoft know that the only way their mobile software will gain a significant portion of the tablet market is to design, build, and brand their own tablets.
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Tom Cruise visiting Suri in Manhattan

Newsday -
Celebrities Newsday > Entertainment Print Aa Tom Cruise visiting Suri in Manhattan after Katie Holmes' car in accident Originally published: July 17, 2012 2:19 PM Updated: July 17, 2012 6:25 PM By FRANK LOVECE.
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Will Ferrell, Zach Galifianakis: Lead Traffic Chant in L.A.

Celebuzz -
A crowd at a LA mall Tuesday morning erupted in a call for a change in traffic rules, led by comics Will Ferrell and Zach Galifianakis.
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Remote Alaska Walmart wins visit with Pitbull

Fox News -
ANCHORAGE, Alaska - It's official. Pitbull will be coming to Alaska. Over the last few weeks, Walmart has been running a marketing contest on its Facebook page.
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Coachella Heads To The High Seas

MTV.com -
First SS Coachella fest features two cruises to the Bahamas and Jamaica with sets by Pulp, Hot Chip and plenty more. By James Montgomery (@positivnegativ) Break out your semi-ironic boat shoes (if you're not already wearing them): Coachella is hitting ...
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Knicks have until midnight to match Rockets' offer

NBA.com -
HOUSTON (AP) -- Jeremy Lin's incredible run in New York won't have a sequel, according to a published report. The New York Knicks are not planning to match Houston's offer for Lin, a restricted free-agent, The New York Times reported Tuesday, ...
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Ortiz to miss a week with Achilles injury

Fox News -
Boston, MA - Boston Red Sox designated hitter David Ortiz is expected to miss at least one week with an injury to his right Achilles tendon.
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Mother: Bryant "tried to kill me"

Chicago Tribune -
FORT WORTH, Texas— In an emotional 911 call, the mother of Dallas Cowboys receiver Dez Bryant can be heard telling friends that her son “tried to kill me” and that she's going to “put an end to it today.
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Mr. Bagel Olympic Suit Shows Small Firms Losing at Games

Bloomberg -
Younes Semlali, sales manager at Mr. Bagel Ltd. in London, is looking forward to the city hosting the Olympic Games. He's also worried his business may suffer.
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The AIDS epidemic: Beginning of the end?

USA TODAY -
WASHINGTON - Thirty-one years after doctors saw their first cases of AIDS, scientists say they now have the knowledge to begin to end the epidemic.
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Dramatic illustration of warming Greenland? Iceberg twice size of Manhattan ...

Washington Post -
WASHINGTON - An iceberg twice the size of Manhattan tore off one of Greenland's largest glaciers, illustrating another dramatic change to the warming island.
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Mars Odyssey Spacecraft Will Recover From Recent Glitch, NASA Says

Space.com -
by Denise Chow, SPACE.com Staff Writer A veteran NASA spacecraft in orbit around Mars is slowly bouncing back from a malfunction suffered last month, but mission managers expect the orbiter to make a full recovery, agency officials said.
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Physical Inactivity a 'Pandemic'

ABC News -
Physical inactivity has a negative global impact so severe that its adverse effects on health are comparable to that of smoking or obesity, according to a new study.
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New Alzheimer's drug shows promise

CBS News -
(CBS News) A glimmer of hope emerged Tuesday in the fight against Alzheimer's disease. An experimental drug has been shown to actually halt the mental decline in some patients.
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New diet drug helps patients lose about 10% of weight

USA TODAY -
A new prescription diet drug OK'd today by the government is expected to help heavy patients drop almost 10% of their weight - more than any other approved obesity medication.

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