Today's Top Stories - October 22, 2014 


BEWARE THE BELL! U.S. stock index futures are broadly signalling a lower open on Wall Street on Wednesday with only Nasdaq bucking the trend More

EUROPE: European shares fell lower in mid-morning trade on Wednesday with concerns that some euro zone banks could be about to fail the region-wide stress tests with the results expected this weekend More

ASIA: Asia equities were mostly higher on Wednesday, mirroring gains of their U.S. peers, while reports of bond purchases by the European Central Bank also lifted sentiment More

OIL: Brent crude futures steadied above $86 a barrel on Wednesday,clinging to gains from the previous session as buyers gradually returned to a market hammered to four-year lows by abundant supply. More

GOLD: Gold was trading near its highest level since early September on Wednesday, supported by concerns over slower economic growth in China, although expectations Asian physical demand may slacken kept gains in check More

Janet Yellen Shills for the Democrats: The Chairman of the Federal Reserve indulges a destructive leftist lie More

Not So Fast TV Cable Cord Cutters Cable's Not Going Anywhere: Here's why More

European bank stress tests: Your guide Europe’s banks will find out whether they have passed their health checks this Sunday. Here’s a CNBC guide on the tests. More

11 banks to fail European stress tests: Report More

The problems for Japanese auto parts maker Takata Corp. grew after U.S. safety regulators expanded a warning about faulty air bags to 6.1 million vehicles in the United States while two more lawsuits have been filed over accidents in older Honda cars More

Sears clerk arrested for swiping nearly $4 million in items New Jersey police charged one lone Sears clerk for stealing —and then trying to sell —$3.7 million worth of goods from a warehouse More

Warren Buffett just lost about $1 billion on this: Warren Buffett does not like to lose money in general, so losing $1 billion before lunch on a Monday morning can not be going down well … The plunge in IBM shares Monday after its weak earnings results cost the Oracle of Omaha dearly. The stock fell $13.06, and Buffett held about 70.2 million shares as of June 30, according to the most recent SEC filings More

State Dept. branch too disorganized to oversee $6 billion in foreign aid, IG says More

Massachusetts caught in insurance fraud scheme to over-charge Medicaid by $106 million More

Tax Dollars at Work: Mountain Lions on Treadmills Dr. Coburn, who is retiring after this term, chronicled $25 billion spent on 100 “silly, unnecessary, and low priority projects,” this year. The report touches nearly every agency, finding that the federal government is still spending taxpayer dollars to put animals on treadmills and subsidize wine More


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  Quote OF THE DAY   



"One of the curious aspects of the Tea Party’s emergence during the past four years is the extent to which the mainstream media have fostered the idea that this political phenomenon represents a kind of radicalism. Certainly, some politicians of the so-called Tea Party have tossed out ideas and expressions that have been silly and warped. Does that mean, though, that the Tea Party, as a broad political movement, is radical?


"The answer is no. The Tea Party is a reactive movement, aimed at protecting the political mainstream from radical ideas, initiatives and policies of the left. Indeed, a review of American politics over, say, the last 50 years reveals that, to the extent America has been grappling with radicalism, it has been coming from the left. Then, as these ideas have gained traction through the agitations of the country’s liberal establishment, that establishment promptly labels those who resist as radicals."


~ Robert W. Merry, Political Editor, The National Interest





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