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Basel committee seeks 9 percent Tier 1 capital: report (Reuters)

Reuters - Global banks will be required to hold Tier 1 capital of nine percent including a 3 percent so-called "conservation buffer," German weekly Die Zeit reported, quoting a draft proposal from the Basel Committee, the body tasked with drawing up global banking rules.

Hurricane watch issued for coasts of Mexico, Texas (AP)

Tropical storm Hermine is seen in this satellite image courtesy of the National Hurricane Center. REUTERS/National Hurricane Center/HandoutAP - Mexican authorities urged people to move to shelters while officials in Texas distributed sandbags and warned of flash floods as Tropical Storm Hermine headed toward the northwestern Gulf coast on Monday.


Lawyer says Iranian woman could be stoned soon (AP)

FILE - This undated file image made available by Amnesty International in London on Thursday, July 8, 2010, shows Sakineh Mohammadi Ashtiani, a mother of two who was sentenced to death by stoning in Iran on charges of adultery. Ashtiani is now facing a new punishment of 99 lashes because a British newspaper ran a picture of an unveiled woman mistakenly identified as her, the woman's son said Monday. (AP Photo/Amnesty International, File)** EDITORIAL USE ONLY NO SALES**AP - The lawyer for an Iranian woman sentenced to be stoned on an adultery conviction says he and her children are worried the delayed execution could be carried out soon.


US expects to subsidize Afghan training for years (AP)

Defense Secretary Robert Gates greets Afghanistan National Army troops while visiting soldiers from the 1st Battalion, 502nd Infantry Regiment, at combat outpost Senjaray outside Kandahar, Afghanistan, Friday, Sept. 3, 2010.     (AP Photo/Jim Watson, Pool)AP - The United States expects to spend about $6 billion a year training and supporting Afghan troops and police after it begins pulling out its own combat troops in 2011, The Associated Press has learned.


Unions suspend South African civil service strike (AP)

AP - South African civil servants unions are suspending a nationwide strike for higher wages to give members time to consider the government's latest offer, labor leaders said Monday.

Obama kicks off campaign with $50 billion jobs plan (Reuters)

President Barack Obama departs for a Labor Day event in Milwaukee from Andrews Air Force Base outside Washington, September 6, 2010. REUTERS/Larry DowningReuters - President Barack Obama, scrambling to jump-start job creation in a sluggish U.S. economy, will announce on Monday a six-year plan to revamp aging roads, railways and airport runways with an initial $50 billion investment.


Eccentric Russian regional strongman to step down (AP)

AP - A Russian regional leader who claims to have visited an alien spaceship says he is retiring.

Colleges buy land they don't know how they'll use (AP)

AP - Colleges around the country are buying up large chunks of land without always having a clear idea of how it will be used.

Obama assails GOP, promotes new jobs program (AP)

President Barack Obama, leaves Andrews Air Force Base in Maryland for a trip to Milwaukee, Wisconsin, Monday, Sep. 6, 2010.  (AP Photo/Manuel Balce Ceneta)AP - A combative President Barack Obama is promising to put Americans back to work rebuilding roads, railways and runways, and is blaming Republicans for opposing his efforts to stimulate the economy.


Montana plane crash revives 'lap child' debate (AP)

AP - Federal transportation safety officials are using the deadly crash of an overloaded plane in Montana to revive a long-standing debate about whether small children should be allowed to travel on the laps of adults.

Rep. Frank faces town hall foe in Mass. primary (AP)

FILE - In this Monday, April 6, 2009 file photo, U.S. Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, addresses an audience at the John F. Kennedy School of Government, on the campus of Harvard University, in Cambridge, Mass. Frank faces opposition in the Sept. 14, 2010 primary.   (AP Photo/Steven Senne, File)AP - Massachusetts Rep. Barney Frank's retort was an Internet sensation.


Plane crash on NV street kills 1, injures 3 (AP)

AP - A small airplane crashed and burst into flames on a street in a southern Nevada residential neighborhood on Monday, killing one person and badly injuring three others, authorities said.

NY cigarette tax plans raise reservation tensions (AP)

FILE - In this Sept. 1, 2010 file photo, a rally attendee positions himself along the I-90 thruway on the Cattaraugus Indian Reservation to protest the proposed New York state cigarette tax to non-Native American consumers in Irving, N.Y.  (AP Photo/Don Heupel, File)AP - As New York Indian Nation leaders battle in courtrooms to preserve their tax-free cigarette market, tensions are rising on reservations, where the state's renewed efforts to tax sales to non-Native customers is viewed as yet another attack on Native American rights.


Greeting card giant Hallmark heads for 2nd century (AP)

Rich LaPierre, a Hallmark Cards Inc. designer for the Peanuts line, works on artwork during a 100-year anniversary reception at the company's headquarter Tuesday, July 20, 2010, in Kansas City, Mo. Hallmark Cards Inc., a $4 billion empire built on a demand for printed sentimentality, enters its second century facing a weak economy and what could be an even greater challenge: a generation that has grown up posting its sentiments online.   (AP Photo/Ed Zurga)AP - Hallmark Cards Inc., a $4 billion empire built on a demand for printed sentimentality, enters its second century facing a weak economy and what could be an even greater challenge: a generation that has grown up posting its sentiments online.


Lebanon PM: Wrong to accuse Syria in Hariri death (AP)

AP - Lebanon's Western-backed prime minister made a startling reversal Monday and said it was a mistake to accuse Syria of the massive 2005 truck bombing that killed his father, claiming the charge was politically motivated.

Little Rock 9 member Jefferson Thomas dies in Ohio (AP)

FILE - Jefferson Thomas in 1957, one of  nine African American who integrated Little Rock Central High School while federal troops patrolled the campus, is seen in an 1957 file photo. Jefferson Thomas died Sunday, Sept. 5, 2010 in Columbus, Ohio, said fellow Little Rock Nine member Minnijean Trickey Brown. He was 68. (AP Photo, File)AP - Jefferson Thomas, who as a teenager was among nine black students to integrate a Little Rock high school in the nation's first major battle over school segregation, has died. He was 68.


US investors seek pay for pre-WWII German bonds (AP)

In a Wednesday, July 14, 2010 photo, attorney James Lowy holds up one of his favorite unpaid German bonds as several others cover his desk at his office, in Tampa, Fla. (AP Photo/Chris O'Meara)AP - More than 80 years ago, Germany sold tens of thousands of bonds to American investors in an effort to recover financially from World War I. Later, Adolf Hitler used some of the money raised by those bonds to build the powerful Nazi war machine that would ravage Europe during World War II.


BP sees no impact to Gulf operations from storm (Reuters)

Reuters - BP Plc , the largest oil producer in U.S.-regulated areas of the Gulf of Mexico, said Monday that Tropical Storm Hermine was not expected to affect its offshore operations.

Army: Ex-soldier takes 3 hospital workers hostage (AP)

AP - A former Army soldier demanding behavioral treatment at a Georgia military hospital took three workers hostage at gunpoint Monday before authorities persuaded the gunman to surrender peacefully.

WTO to issue Boeing subsidies verdict Sept. 15: source (AFP)

An A320 Airbus aircraft. The World Trade Organization will issue its long-awaited opinion on Europe's challenge to American subsidies to US aerospace giant Boeing next week, a source close to the matter said Monday.(AFP/File)AFP - The World Trade Organization will issue its long-awaited opinion on Europe's challenge to American subsidies to US aerospace giant Boeing next week, a source close to the matter said Monday.


EU finmins want budget rule offenders rapped swiftly (Reuters)

Reuters - European Union finance ministers sought on Monday to make sanctions for EU budget rule breakers more automatic, but put off potentially difficult talks on a permanent mechanism to resolve euro zone crises.

Police: Drunk driver kills 15 at Ecuador bus stop (AP)

AP - Police in Ecuador say 15 people were killed and at least seven injured when a drunken man drove an SUV into a crowded bus stop in the coastal city of Guayaquil.

Obama proposed $50 billion to rebuild road, rails and runways (McClatchy Newspapers)

McClatchy Newspapers - WASHINGTON — President Barack Obama Monday proposes a quick $50 billion boost in federal spending to rebuild roads, railways and runways — a move he says will create jobs and which Democrats hope will improve their election prospects in November.

Oil slips below $74 as U.S. driving season ends (Reuters)

An engineer works at the Barjisiya oil fields in Zubair One south west of the city of Basra, Iraq. Global dependency on the Organization of Petroleum Exporting Countries for crude oil will rise in the next five to 10 years as output by non-OPEC nations falls, the head of the International Energy Agency (IEA) has said.(AFP/File/Essam -al-Sudani)Reuters - U.S. oil prices slipped below $74 per barrel on Monday as the end of the U.S. driving season and high levels of unemployment in the world's biggest oil consumer raised concerns over the outlook for demand.


The Bettencourt Scandal Puts Sarkozy in Growing Peril (Time.com)

Time.com - As the scandal surrounding the L'OrÉal billions further entwines Eric Woerth, French President Nicolas Sarkozy's support for his labor minister could cost him the next election

Fed should not set limit on economy aid: Kohn (Reuters)

Reuters - The Federal Reserve should not announce a limit on its actions if it resumes purchases of Treasury securities to stimulate the U.S. economy, the former vice chairman of the central bank said.

Growth hopes boost global equities (Reuters)

People are reflected in a stock index board outside a brokerage in Tokyo August 31, 2010. REUTERS/Kim Kyung-HoonReuters - World stocks rose on Monday on hopes the U.S. economy can avoid slipping back into recession, although the International Monetary Fund's chief economist warned of weak growth in both the United States and Europe.


Hurricane watch issued for coasts of Mexico, Texas (AP)

Tropical storm Hermine is seen in this satellite image courtesy of the National Hurricane Center. REUTERS/National Hurricane Center/HandoutAP - Mexican authorities opened shelters and warned people to watch out for mudslides Monday as Tropical Storm Hermine approached the northeastern border with Texas, the second major storm to hit the area this season.


Angle hit with lawsuit (Politico)

Politico - Nevada Senate candidate is accused of violating copyright laws on her campaign website.

UN nuke agency warns monitoring of Iran hampered (AP)

EDITORS' NOTE: Reuters and other foreign media are subject to Iranian restrictions on leaving the office to report, film or take pictures in Tehran. 
Supporters of Iranian President Mahmoud Ahmadinejad, wait for his arrival at Tehran's Mehrabad International Airport May 5, 2010. REUTERS/Morteza NikoubazlAP - In an unusually blunt warning, the U.N. atomic agency said Monday that its monitoring of Iran's nuclear activities is being hampered because Tehran objects to giving some agency inspectors access to its program.


Japan convicts Greenpeace's 'Tokyo Two' for whaling investigation (The Christian Science Monitor)

The Christian Science Monitor - A Greenpeace effort to expose what it sees as widespread corruption in Japan's government-subsidized whaling industry ended on Monday with two of its activists convicted of theft and trespassing.

Afghanistan: Run on Kabul Bank Shakes a Fragile Economy (Time.com)

Time.com - The government insists there is no reason for anxiety but the depositors outside Afghanistan's largest bank are implacable. They want their money back

Egyptian officials to be tried in Van Gogh theft (AP)

AP - Eleven culture officials from Egypt's government have been formally charged in last month's theft of a Vincent van Gogh painting from a Cairo museum that had no functioning security alarms.

Senate seats that might change hands in November (McClatchy Newspapers)

McClatchy Newspapers - Democratic seats in play:

Parties Launch Battle for Control of Congress (CQPolitics.com)

CQPolitics.com - In many ways, the traditional post-Labor Day start to the fall campaign has become an antiquated notion.

Miller's Upset Win Changes Game in Alaska (CQPolitics.com)

CQPolitics.com - The dynamics in the Alaska Senate race were changed dramatically when Sen. Lisa Murkowski was upset in the Aug. 24 GOP primary by Fairbanks attorney Joe Miller. While we're not convinced that national Democrats will commit the level of resources needed to make the race competitive, CQ Politics is moving the rating of the race from Safe Republican to Likely Republican to reflect the new uncertainty of the open-seat contest.

UK minister jailed for 4 years over sham marriages (AP)

AP - A British judge sentenced a Church of England minister to four years in jail on Monday for his part in a sham-marriage scam which saw hundreds of African men marry European women so they could stay in Britain.

Suicide attack in NW Pakistan kills 17 people (AP)

Map of Pakistan locating the site of the suicide attack on Monday. At least 17 people were killed and 45 wounded when a suicide bomber rammed his explosives-laden car into a police station in northwest Pakistan on Monday, destroying the building, police said.(AFP/Graphic/Afp Graphics)AP - A Taliban suicide bomber detonated a car in an alley behind a police station in a strategically important town in northwestern Pakistan on Monday, killing at least 17 police and civilians in an explosion that shattered the station and neighboring homes.


Evaluating Obama's 'Second Stimulus' Proposals (The Atlantic Wire)

The Atlantic Wire - As the job market and housing sector continue to suffer, the White House is seeking initiatives meant to re-stimulate the economy, following the first stimulus efforts of 2009. According to Time magazine, "most nonpartisan economists agree" that the first stimulus was successful in the short-term but did not go far enough. The "second stimulus" proposals are a $100 billion tax credit for businesses and $50 billion on infrastructure spending. Any such measures must still be improved by an increasingly partisan Congress that is expected to shift heavily Republican in November.

USS Olympia, 2-war naval veteran, battles for survival (AP)

An Aug. 30, 2010 photo shows the USS Olympia, which served as flagship of the Asiatic Squadron in the Spanish-American War, in Philadelphia, Monday, Aug. 30, 2010. Without a major refurbishment to its aging steel skin, the Olympia either will sink at its moorings on the Delaware River, be sold for scrap, or be scuttled for an artificial reef 90 miles south. (AP Photo/Matt Rourke)AP - The USS Olympia, a one-of-a-kind steel cruiser that returned home to a hero's welcome after a history-changing victory in the Spanish-American War, is a proud veteran fighting what may be its final battle.


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