Considering how the story of the balloon boy was all over the news and the Twitter community yesterday, we are going to break from some of our traditional news reels and add a bonus link to the “balloon boy” story. Thankfully the six-year-old was at home and safe while the world feared the worst.
‘Balloon boy’ dad: It wasn’t a stunt
Upset that anyone would think he would stage a stunt involving his own son and a homemade flying-saucerlike balloon, and struggling with still-raw emotions, Richard Heene called Thursday’s riveting drama played out in the skies over northern Colorado a “horrible moment.”
ECONOMY
Bank of America Posts Third-Quarter Loss on Defaults (Update3)
Bank of America Corp., the biggest U.S. lender, posted its second quarterly loss in less than a year, unable to shake off effects of the economic contraction that drove the company to take two taxpayer bailouts.
Production in U.S. Increases More Than Anticipated (Update2)
Industrial production in the U.S. rose more than three times as much as anticipated in September, putting manufacturing at the forefront of the emerging economic recovery.
THE WORLD
Pakistan faces new wave of Taliban attacks
Pakistan’s army chief briefed the country’s top leaders Friday on the tenuous security situation as the government combats a new wave of attacks believed to have been orchestrated by Taliban militants.
HEALTH
Local people, agencies prepare for H1N1 outbreak
It’s October and flu season’s here. But along with concerns about the seasonal flu that typically occur this time of year, health agencies are warning people about the H1N1 flu virus.
H1N1 was originally called “swine flu” because tests showed that many of the virus’ genes were similar to ones that normally occur in pigs in North America. But further study showed that the new virus is very different, says the Centers for Disease Control and Prevention.
INTERNATIONAL NEWS
Iran Test Fires Most Advanced Missiles
Iran reported Monday that it successfully test-fired its most advanced and powerful medium-range missiles as part of war games it said were intended to deter the country’s enemies.
Toll Hits 100 in Philippine Flooding
MANILA — The death toll from a storm that ravaged the Philippines over the weekend reached at least 100 on Monday, with many more deaths expected and thousands of Filipinos still trapped in their homes by floodwaters.
NATIONAL DEFENSE
New NATO Chief Says America’s Allies Stand Firm Against Taliban
In his first major speech in the United States, the new head of NATO is expected to respond Monday, to President Obama’s concerns that the United States is doing the lion’s share of the fighting in Afghanistan. In prepared remarks, Anders Fogh Rasmussen acknowledges more resources are needed to fight the battle against the Taliban. However, he is expected ask the United States to stop downplaying efforts by America’s allies.
BUSINESS
STOCKS NEWS US-M&A activity lifts index futures
U.S. stock index futures rose on Monday, following three days of losses, as merger and acquisition activity and the last days of the third quarter encouraged investors.
HEALTH
Health ‘Reform’ Is Income Redistribution
While many Americans are upset by ObamaCare’s $1 trillion price tag, Congress is contemplating other changes with little analysis or debate. These changes would create a massively unfair form of income redistribution and create incentives for many not to buy health insurance at all.
