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    • North Korea rocket breaks up soon after launch
      North Korea’s long-range rocket failed early Friday, U.S. officials said. The rocket broke up soon after taking off. “All indications are that it failed,” one official said but went on to say that they are still looking into it. The White House said it would issue a statement, NBC News reported. The launch, which North Korea’s neighbors […]
    • North Korea launches long-range missile
      North Korea launched a long-range rocket early Friday, U.S. officials confirmed. The White House said it would issue a statement, NBC News reported. The launch, which North Korea’s neighbors and the West say is a disguised ballistic missile test, will take a three-stage rocket over a sea separating the Korean peninsula from China before releasing […]
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    • Yahoo jumps on Alibaba deal talk May 18, 2012
      Shares in internet giant Yahoo rise 5% on reports that it is close to selling its valuable stake in Alibaba Group, the Chinese e-commerce company. […]
    • Facebook shares spike on debut May 18, 2012
      Facebook shares are trading flat at $38 on their stock market debut, having initially jumped to $42 within minutes of trade beginning. […]
    • LSE reveals strong profits rise May 18, 2012
      The London Stock Exchange bucks the economic turmoil to deliver a better-than-expected rise in annual profit. […]
    • VIDEO: EU 'taking all neccessary action' May 18, 2012
      EU Economic Commissioner Olli Rehn has said the eurozone is taking "all neccessary action in order to overcome" the debt crisis. […]
    • Euro fears on the streets of Spain May 18, 2012
      Spain, feeling fragile, looks to Germany for help […]
    • Market jitters over eurozone woes May 18, 2012
      European markets suffer a nervous session with investors unsettled by a downgrade for Spanish banks and the political crisis in Greece. […]
    • Ticketus contract 'terminated' May 18, 2012
      Charles Green says administrators at Rangers have told Ticketus they are terminating its contract over future ticket sales. […]
    • EU 'plans for Greek exit option' May 18, 2012
      The EU Commission and European Central Bank are making contingency plans for a possible Greek exit from the euro, an EU commissioner says. […]
    • VIDEO: From prison to Belfast distillery May 18, 2012
      A notorious Belfast prison that held IRA inmates during the worst of the city's sectarian troubles is to be transformed into a whiskey distillery. […]
    • JP Morgan boss to testify in US May 18, 2012
      JP Morgan chairman and chief executive Jamie Dimon will appear before a Senate committee to explain the bank's $2bn trading loss on a failed hedging strategy. […]

2008 Election Guide: Obama vs. McCain

Barack Obama,
Democrat

John McCain,
Republican

ECONOMY Plans to repeal Bush’s tax cuts for rich households while helping middle-class households cope with financial issues with targeted tax relief. Obama also plans to renegotioate free trade and reform healthcare. Plans to keep Bush’s tax cuts while abolishing the Alternative Minimum tax to lower taxes for middle-class family, as well as reducing government spending. McCain also plans to focus on reforming healthcare and social security.
WAR IN IRAQ Obama believes there is no military solution for Iraq and has opposed the war from the beginning. He would pull all troops out of combat operations within 16 months of taking office through phased withdrawal. McCain backed Bush’s troop escalation, and believes US forces should remain in Iraq until the country can defend itself Under his presidency, he predicts most would be withdrawn by 2013.
IRAN Believes that, if offered incentives, Iranian leaders would change their behaviors, and would meet them without preconditions. Obama favors “aggresive personal diplomacy” and has not ruled out military option. Opposes unconditional diplomacy and will use military action if deemed necessary to prevent nuclear arms in Iran. Would try to escalate economic sanctions against Iran using a league of democracies.
NATIONAL SECURITY Voted to re-authorize the Patriot Act in 2006 after criticizing it previously. Would allocate national securty funding to the most at-risk areas. Voted against bill to ban water boarding in 2008, but plans to prevent the CIA from using “cruel, inhumane, or degrading treatment.” Is a former Vietnam POW.
GLOBAL WARMING Wants to invest $150 billion in clean energy over the next decade. Wants the US to lead a global effort to combat global warming, starting with a 80% decrease in US greenhouse gas emissions by the year 2050. Wants all changes to work together, especially China and India, to reduce greenhouse gas emissions. Admits that climate change is, indeed, “real and devastating.”
HEALTH CARE Would only make insurance compulsory for children, but backs universal coverage. Would instate subsidies to mage coverage more affordable and prevent insurers from refusing coverage to people with pre-existing conditions. Would offer tax incentives to encourage people to get personal health insurance. Continues to support healthcare for military veterans.
ILLEGAL IMMIGRATION Believes offering an opportunity for citizenship to illegal immigrants who pay a fine does not amount to amnesty. Wishes to police the US/Mexican border more heavily, and backs stricter penalties for those who employ undocumented workers. Supports amnesty to illegal immigrants, as well as heavier border control. Supports offering a path to citizenship to illegal workers already in the US.
ABORTION Supports women’s choice in conjunction with counseling from doctors and clergy. Opposes the Supreme Court’s ban on late-term abortion. Previously supported Roe vs. Wade, but now wishes to overturn it. Supports ban on late-term abortion. Wishes to aid statewide efforts to boost adoption.

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