Obama will bypass Congress to detain suspects indefinitely: . Such a decision allows the president to unilaterally hold "combatants" without habeas corpus -- a legal term literally meaning "you shall have the body" -- which forces prosecutors to charge a suspect with a crime to justify the suspect's detention. Bullet Makers Can't Keep up With Demand: Shooting ranges, gun dealers and bullet manufacturers say they have never seen such shortages. Bullets, especially for handguns, have been scarce for months because gun enthusiasts are stocking up on ammo, in part because they fear President Barack Obama and the Democratic-controlled Congress will pass antigun legislation Russian carmaker to cut 27,600 jobs: Avtovaz, Russia's largest carmaker, has announced it will cut 27,600 jobs, more than one quarter of its workforce, as it struggles with spiralling losses. Government Watchdog: 'Extremely Unlikely' Taxpayers Will Recoup TARP Money: The controversial $700 billion bailout program has helped avert the collapse of the financial system, but the chances of taxpayers recouping the money are "extremely unlikely," a government watchdog believes. Credit Card Defaults Surge in August to 11.49%, Moody’s Says : Write-offs rose to 11.49 percent from 10.52 percent in July, Moody’s said today in a report. Loans at least 30 days delinquent rose to 5.8 percent from 5.73 percent. “Early- stage” delinquencies, or loans overdue 30 to 59 days, surged to 1.65 percent, from 1.41 percent, signaling higher losses in coming months. Banks typically write off loans after 180 days.
Friday, 25 September 2009
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