Giants of the auto, airline and technology industries ordered emergency action against the global financial crisis on Friday as shares took a new hammering amid mounting gloom. Even a 1.5 million barrel a day production cut by OPEC failed to stop oil prices falling amid fears of a deep global recession. Grim news backing those fears came [...] "eliotcobb.com"
Chicago is the Second City in nickname and the third in population, but when it comes to murder, the city has the dubious distinction of being second to no city in America. As CBS 2’s Mike Puccinelli reports, the Chicago Sun-Times pointed out on Friday that Chicago has seen 426 homicides this year through Tuesday, compared [...] "eliotcobb.com"
Police are still hunting for the seven-year-old nephew of Oscar-winning actress Jennifer Hudson, a day after her mother and brother were found dead at her Chicago home. Hudson’s brother-in-law William Balfour is currently being questioned by police as a suspect, but he has not been charged. He was at first thought to have kidnapped his son [...] "eliotcobb.com"
After his own personal mini-meltdown caused him to sell some of his shareholdings in CBS and Viacom, Sumner Redstone said this week that the situation is under control and that he won’t be selling any more. Meanwhile, media wags are still handicapping whether one or both of the companies he controls might end up in play. But [...] "eliotcobb.com"
“State and local officials are investigating if state and law-enforcement computer systems were illegally accessed when they were tapped for personal information about “Joe the Plumber.” Samuel Joseph Wurzelbacher became part of the national political lexicon Oct. 15 when Republican presidential candidate John McCain mentioned him frequently during his final debate with Democrat Barack Obama. The 34-year-old [...] "eliotcobb.com"
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