Sunday, February 12th, 2012 02:56 am Click Home, Schedule, or Listen    
   
CURRENT WEATHER
STOCK MARKET
 

BUSINESS HEADLINES
It's bailout or chaos, PM Papademos tells Greece (Reuters)
Reuters - Greek Prime Minister Lucas Papademos has told lawmakers to back a deeply unpopular international financial rescue in a vote Sunday or condemn the country to uncontrolled economic chaos and social explosion.
Faces beyond the numbers of long-term unemployed (AP)

In this Tuesday, Jan. 24, 2012 photo, Jon Creek pets his dogs Harley, left, and Memphis while studying for a graduate school admissions test at his home in Mason, Ohio. Creek, who lives in suburban Cincinnati, was a construction company office manager until he and almost everyone else at the firm were laid off in December 2007. He'd known the business was in trouble and says he actually turned down another better-paying job earlier, out of loyalty. It took 18 months to land part-time work as an insurance agent's assistant at $240 a week - a dollar less than his unemployment checks. (AP Photo/Al Behrman)AP - J.R. Childress is up before the sun, bustling about in the French colonial brick house he built. He helps pack his wife's lunch, downs some eggs or cereal for breakfast, pores over online and newspaper job listings and hopes mdash; even prays mdash; this will be the day when his fortunes turn around.


Greece's grim choice: deep budget cuts or default (AP)

Protesters carry a banner which reads in Greek '' uprising '' during  a protest in the northern port city of Thessaloniki, Greece, Saturday, Feb. 11, 2012. The leaders of the two parties backing Greece's coalition government called on their deputies Saturday to back legislation that calls for harsh new austerity measures - essential if Greece is to get a new bailout deal worth euro 130 billion ($171.6 billion) and stave off bankruptcy. (AP Photo/Nikolas Giakoumidis)AP - Why would Greece accept more pain when unemployment is at 21 percent, the economy is enduring its fifth year of recession and rioters are hurling gasoline bombs in the streets of Athens?


A look at economic developments around the globe (AP)
AP - A look at economic developments and activity in major stock markets around the world Friday:
NY's AG isn't backing down from Wall Street probe (AP)

FILE- In this March 18, 2011 file photo, New York Attorney General Eric Schneiderman answers a a question during a news conference in his New York City office. Although shrugging off the “sheriff of Wall Street” title, Schneiderman stood firm against major banks when he rejected a settlement over the mortgage collapse a year ago, because it shielded them from future investigations (AP Photo)AP - New York Attorney General Eric Schneiderman, a lead investigator into the mortgage collapse that wobbled the U.S. economy, hasn't taken the title Sheriff of Wall Street that one of his predecessors rode all the way to the governor's mansion.


Summary Box: Commodities fall on Greece debt woes (AP)
AP - GREEK WOES: Commodity prices fell broadly as a plan to fix Greece's crippling debt crisis remained far from settled, renewing concerns about global economic growth.
Most commodity prices fall on Greece debt woes (AP)
AP - Commodity prices fell broadly Friday after a plan to fix Greece's crippling debt crisis suffered a setback, renewing concerns about global economic growth.
 

Man About Town Public Service Announcements:

If you are a not for profit organization and would like to have WMEL Talk Radio AM 1300 air public service announcements ... please e mail the information two weeks in advance to John Harper .... wmelradiojohn[at]gmail.com

 



NATIONAL HEADLINES
from ABC NEWS
Former New Orleans Mayor Ray Nagin under investigation: source (Reuters)
Reuters - Former New Orleans Mayor Ray Nagin, the colorful and controversial spokesman for the city after the devastating Hurricane Katrina in 2005, is under investigation by federal authorities, a source with direct knowledge of the probe said.
Obama shift seeks to defuse birth-control fight (Reuters)
Reuters - President Barack Obama, in an abrupt policy shift aimed at quelling an election-year firestorm, announced on Friday that religious employers would not be required to offer free birth control to workers and the onus would instead be put on insurers.
Crowds of mourners remember boys killed by father in arson (Reuters)
Reuters - Over a thousand mourners flocked to a memorial service in Washington state on Saturday for two young boys killed when their father burned their house to the ground with himself and his sons inside.
The Foreclosure Deal: Obama and the Banks Win Big While Homeowners See Modest Reward (Time.com)
Time.com - Overall, it's a clear win for Obama and Democrats, a qualified win for the banks, and a minor, belated victory for homeowners
War with Iran: Four Not-Impossible Scenarios (Time.com)
Time.com - Most political analysts in Washington believe that war with Iran is unlikely, especially before the November U.S. elections
Virginia school district ponders banning cross-gender dress (Reuters)
Reuters - A Virginia school district is considering banning cross-gender dressing in a move proponents said aims to protect students from harassment, but which civil liberties and gay rights groups said would amount to an assault on free speech.
Faces beyond the numbers of long-term unemployed (AP)

In this Tuesday, Jan. 24, 2012 photo, Jon Creek pets his dogs Harley, left, and Memphis while studying for a graduate school admissions test at his home in Mason, Ohio. Creek, who lives in suburban Cincinnati, was a construction company office manager until he and almost everyone else at the firm were laid off in December 2007. He'd known the business was in trouble and says he actually turned down another better-paying job earlier, out of loyalty. It took 18 months to land part-time work as an insurance agent's assistant at $240 a week - a dollar less than his unemployment checks. (AP Photo/Al Behrman)AP - J.R. Childress is up before the sun, bustling about in the French colonial brick house he built. He helps pack his wife's lunch, downs some eggs or cereal for breakfast, pores over online and newspaper job listings and hopes mdash; even prays mdash; this will be the day when his fortunes turn around.


Family, teachers remember Powell boys in Tacoma (AP)

A photo of Susan Cox Powell and her sons Charlie, right, and Braden, left, is shown as a children's choir performs during a funeral service for Charlie and Braden Powell, Saturday, Feb. 11, 2012, in Tacoma, Wash. The boys died Feb. 5, 2012, when their father, Josh Powell, set fire to the home he was living in while they visited. Powell had been a person of interest in the 2009 disappearance of his wife Susan. (AP Photo/Ted S. Warren, Pool)AP - More than a thousand people mourned the deaths of Charlie and Braden Powell at a public funeral Saturday, nearly a week after the young boys' father killed them and himself in a gas-fueled blaze.



 
 
SPORTS HEADLINES

WMEL Talk Radio AM 1300 is your home for sports airing...

The Florida Gators

NASCAR Racing

Orlando Magic

Friday Night Locker room / high school sports

 

Wi maintains the lead as Tiger charges (AP)

Charlie Wi hits off the first fairway of the Spyglass Hill golf course during the third round of the Pebble Beach National Pro-Am golf tournament Saturday, Feb. 11, 2012, in Pebble Beach, Calif. (AP Photo/Ben Margot)AP - Charlie Wi played bogey-free at Spyglass Hill for a 3-under 69 to build a three-shot lead Saturday in the Pebble Beach National Pro-Am. Now it's time for him to face his demons of self-doubt mdash; along with a familiar force in golf.


Kentucky beats Vandy 69-63 for 17th straight win (AP)

Vanderbilt forward Lance Goulbourne (5) tips the ball in ahead of Kentucky forward Anthony Davis (23) the first half of an NCAA college basketball game on Saturday, Feb. 11, 2012, in Nashville, Tenn. (AP Photo/Mark Humphrey)AP - Doron Lamb hit a 3-pointer with 3:18 left to put No. 1 Kentucky ahead to stay, and the Wildcats took a big step toward a Southeastern Conference regular-season title by beating Vanderbilt 69-63 Saturday night for their 17th straight win.


WR Ward willing to restructure deal with Steelers (AP)
AP - Steelers' wide receiver Hines Ward wants to retire with the Pittsburgh Steelers, offering to restructure his contract to do it.
Linsanity: Knicks benchwarmer becomes a star (AP)

New York Knicks' Jeremy Lin, front right, lays up for two of his 20 game points on a shot in the second half of an NBA basketball game against the Minnesota Timberwolves, Saturday, Feb. 11, 2012, in Minneapolis.  Timberwolves' Wayne Ellington, left, and J.J. Berea, right, defend. The Knicks won 100-98. (AP Photo/Jim Mone)AP - Jeremy Lin came with an intriguing story even before he escaped the New York Knicks' bench.


Jardine helps No. 2 Syracuse tops UConn 85-67 (AP)

Syracuse's Dion Waiters, left, drives against Connecticut's Niels Giffey during the first half of an NCAA college basketball game in Syracuse, N.Y., Saturday, Feb. 11, 2012. (AP Photo/KevinRivoli)AP - Scoop Jardine sparked a game-deciding rally with 3-pointers on consecutive possessions in the closing minutes, and No. 2 Syracuse beat Connecticut 85-67 on Saturday.