Yen hits two-year low, Asian shares rise on U.S. fiscal hopes

TOKYO (Reuters) - The yen fell to its lowest level in more than two years on Friday, lifting Japanese stocks to 21-month highs on expectations of drastic monetary easing, while shares in the rest of Asia rose as Washington races to avoid a fiscal crisis. U.S. President Barack Obama and lawmakers are launching a last round of budget talks before a New Year deadline to reach a deal or watch...

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Net loss: Brooklyn fires coach Avery Johnson

NEW YORK (AP) — Coach of the month in November, out of a job by New Year's.The Brooklyn Nets have elevated expectations this season, and a .500 record wasn't good enough. Coach Avery Johnson was fired Thursday, his team having lost 10 of 13 games after a strong start to its first season in Brooklyn."We don't have the same fire now than we did when we were 11-4," general manager Billy King said at...

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After Jackson, EPA faces big decisions on U.S. fracking boom

NEW YORK (Reuters) – The past four years of U.S. environmental regulation was marked by a crackdown on emissions that angered coal miners and power companies. Over the next four, the new head of the Environmental Protection Agency will have to decide whether to take on an even larger industry: Big Oil.Following Lisa Jackson‘s resignation on Wednesday, her successor will inherit the tricky task of...

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2013: A year for big issues in the courts

By Jeffrey Toobin, CNN Senior Legal AnalystDecember 27, 2012 -- Updated 1445 GMT (2245 HKT)Chief Justice John Roberts re-administers the oath of office to Barack Obama at the White House on January 21, 2009. STORY HIGHLIGHTSJeffrey Toobin: 2013 will see pivotal decisions in several key areas of lawHe says Supreme Court could decide fate of same-sex marriageAffirmative action for public college admissions...

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Gulf War General Schwarzkopf dies

WASHINGTON (Reuters) - Norman Schwarzkopf Jr., the hard-charging U.S. Army general whose forces smashed the Iraqi army in the...

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Asian shares up with eye on "fiscal cliff"; yen slips more

TOKYO (Reuters) - Asian shares rose on Thursday amid caution as U.S. lawmakers prepared to resume negotiations to avoid a fiscal crunch by December 31, while the yen hit a 21-month low against the dollar on the prospect of drastic monetary easing and massive state spending. European shares were seen returning from the Christmas holiday break with a fall, financial spreadbetters predicting...

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Peyton Manning, Peterson make Pro Bowl

NEW YORK (AP) — Peyton Manning and Adrian Peterson want to cap their sensational comebacks with Super Bowl appearances. For now, they can be proud of Pro Bowl spots.So can Redskins quarterback Robert Griffin III, one of two rookies chosen Wednesday for the Jan. 27 NFL all-star game.Manning missed all of the 2011 season with neck and back problems that required several operations. He then signed with...

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The Violent Video Games the NRA Didn’t Blame

In a news conference today (Dec. 21), National Rifle Association Executive Vice President and Chief Executive Officer Wayne LaPierre blamed video-game studio and publishers for helping to create “genuine monsters” like Adam Lanza, the 20-year-old who killed 20 first-graders with an assault rifle in Newtown, Conn., last week.“There exists in this country, sadly, a callous, corrupt and corrupting shadow...

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The forgotten victims of gun violence

Chicago Mayor Rahm Emanuel, center, and other area officials call for stronger gun regulations at a news conference last week.STORY HIGHLIGHTSWhile America was mourning Newtown victims, guns were claiming lives elsewhere in U.S.Authors: Media focus on mass shootings, but continuing violence also needs coverageThey say inner cities suffer an epidemic of gun killings, and young are particularly vulnerableAuthors:...

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Parking meter rates to rise again

In an annual ritual that has become as predictable if not as joyous as a New Year’s Eve countdown to midnight, Chicago drivers...

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