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Obama-fiscal-cliff

1. OBAMACARE WOES

Broken promises:  A big “I’m sorry” from the White House for not quite getting the whole Obamacare thing right.  First it was the website. Now, President Obama takes the hit for many Americans losing their insurance plans even though he said they wouldn’t. “I am sorry that they are finding themselves in this situation based on assurances they got from me,” he told NBC News.  Republicans have hammered Obama since insurers started discontinuing coverage for some as a result of the Affordable Care Act.  What’s next?  Health and Human Services Secretary Kathleen Sebelius says she has an “important announcement” related to Obamacare today.

2. TWITTER IPO

Hashtag #success: It’s official. Wall Street #hearts the little blue bird.  Twitter made a stellar debut yesterday on its first day of public trading, leaping  over 70% past its IPO price. Investors were jittery after Facebook’s messy Nasdaq launch.  “Phew!” tweeted Anthony Noto,  the Twitter IPO  lead underwriter. Phew, indeed. It was a pretty rough day for stocks not named Twitter yesterday.

3. SUPER TYPHOON

Historic punch: One of the strongest storms in recorded history slammed into the Philippines today.  It plowed across a cluster of islands in the heart of the country, snapping palm trees with its howling winds.   At least one person is dead and tens of thousands evacuated. And the trail of devastation is slowly coming to light.   Trees are down, flooding is widespread and communication in some areas is entirely wiped out.  President Benigno S. Aquino III is warning that the nation faces a calamity. “Let me repeat myself: This is a very real danger,” she says.

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article courtesy of CNN.com

 

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