Saturday, May 11, 2013

In the news, Saturday, May 11, 2013


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FRI 10      INDEX      SUN 12
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from Washington Trails Association


How to Hike in Rattlesnake Country
Posted by Joe Stewart
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from The Spokesman-Review



Jensen-Byrd building will be renovated by WSU Spokane
By Tom Sowa      The Spokesman-Review

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DNA test shows Ohio kidnap suspect fathered girl
Andrew Welsh-Huggins, Thomas J. Sheeran      Associated Press

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IRS targeted interest groups
Requests containing ‘tea party,’ ‘patriot’ scrutinized
Wes Venteicher, Joseph Tanfani      McClatchy-Tribune

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Fallen Fairchild pilot Tyler Voss honored by pilots, friends
By Nicole Hensley      The Spokesman-Review

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Country club seeking bankruptcy protection
Discrimination case led to facility’s debt
By John Stucke      The Spokesman-Review

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Malcolm X’s grandson killed in Mexico
Associated Press

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Greenhouse gas CO2 reaches new milestone
Levels are at the highest in human history
Seth Borenstein      Associated Press

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Spacewalk planned to fix ammonia leak
Associated Press

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Woman pulled from building after 17 days
Julhas Alam      Associated Press

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Guatemalan ex-dictator convicted of genocide
Finding was first in Latin America
Sonia Perez Diaz      Associated Press

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Criminal investigation begun into plant blast
Paramedic linked to bomb-making items
Ramit Plushnick-Masti, Angela K. Brown      Associated Press

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Libya emails show political concerns
State Department official driving force in shaping response to Benghazi attack
Christi Parsons      McClatchy-Tribune

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Tsarnaev buried in Virginia
Los Angeles Times

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In brief:  From Wire Reports:

Treasury reports on GM stock sales

WASHINGTON – The Treasury Department said in its April report to Congress that so far this year, it has sold 58.4 million shares of General Motors Co. stock and earned net proceeds of $1.6 billion.

At the end of April, Treasury had recovered about $30.7 billion of the $49.5 billion bailout it gave the Detroit automaker. That means taxpayers are still $18.8 billion in the hole.

GM stock sold in April in a range of $27.52 to $30.84 per share. For the government to break even on its investment, the remaining stock would have to sell for more than double the April high.

GM shares closed Friday at $31.42, down 23 cents.


Air India tests fleet of 787 Dreamliners

NEW DELHI – State-run Air India says it has started test flights of its Dreamliner fleet with new battery packs and is likely to put them back into service by the end of this month.

The airline stopped flying its six Boeing 787 aircraft in January after they were grounded worldwide due to battery fire risk.

Air India said in a statement that the pilots on the first test flight Thursday were satisfied with the plane’s performance.

Air India has ordered a total of 27 Dreamliners.


Fed broadens its reach of financial oversight

WASHINGTON – Chairman Ben Bernanke says the Federal Reserve has broadened its oversight beyond banks and now monitors a wide range of financial institutions that could hasten another financial crisis.

Bernanke says the Fed is still monitoring banks and other systemically important financial institutions. But it has widened its scope to include the so-called shadow banking system, which includes loans that are turned into securities and sold to investors. The subprime mortgage lending breakdown helped trigger the 2008 crisis.

He also said the Fed is looking more closely at asset markets and the nonfinancial sector, including consumers and businesses.


Boeing plans to cut 1,500 IT jobs

SEATTLE – The Boeing Co. plans to shed 1,500 information-technology jobs in Washington state over the next three years.

The Seattle Times reported Friday that the cuts will affect nearly a third of 4,700 Boeing IT positions in the Puget Sound area. The IT positions include systems engineers, applications developers and database administrators. The nonunion workers are mostly highly trained, middle-aged and well-paid with good medical and pension benefits.

Boeing spokesman Andrew Favreau said the cuts will come through a combination of layoffs, attrition from retirements, and relocation of some jobs to two new IT centers Boeing is establishing in St. Louis and North Charleston, S.C.

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U.S. deficit declining
Will drop below $1 trillion for first time since 2008
Christopher S. Rugaber      Associated Press

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Smaller airports have fewer departures, seats
Airlines shift focus to profitability
Curtis Tate      McClatchy-Tribune

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Weather takes its toll on winter wheat crop
Roxana Hegeman      Associated Press

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‘Abenomics’ driving Japanese economy
Country see benefits from weaker currency
Malcolm Foster, Elaine Kurtenbach      Associated Press

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FAA to fund Felts Field
Tower will stay open through September
By Jim Camden      The Spokesman-Review

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Crapo campaign lost $250,000 on loan
Manager gave money to friend in ’08 as investment
John Miller      Associated Press

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Vestal: Gun control rhetoric sounds tragically familiar
By Shawn Vestal      The Spokesman-Review

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Justices weigh death penalty in Carnation killings
Associated Press

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opinion:

Editorial: Protect victims, not public perceptions

Obama’s Syrian red line disappears
Charles Krauthammer

Cleveland case not unique
Froma Harrop

Plan to tax bottled water flummoxes
Jim Connelly

Cousin Sam does not necesarily endorse the opinions of others.

Pentagon cuts could help all
Justin Ellenbecker

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Not-so-friendly neighborhood bulldozer spree
Angry man drove skidder into four homes, police say
Gene Johnson      Associated Press

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Hansen ups offer to buy Kings
Bob Condotta      Seattle Times

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Food with low glycemic load better for you
Anthony L. Komaroff      Universal Uclick

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Stocks hit records for third week
Kate Gibson      MarketWatch

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Celebrating our ag roots
By Lisa Leinberger      The Spokesman-Review

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