Monday, March 9, 2009

3/9 CBS 2 - KCAL 9 - Los Angeles - Southern California - LA Breaking News, Weather, Traffic, Sports

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Buffett: Economy Has 'Fallen Off A Cliff'
March 9, 2009 at 11:23 am

Billionaire Warren Buffett said unemployment will likely climb a lot higher depending upon how effective the nation's policies are, but he remains optimistic over the long term.

Obama To Reverse Stem Cell Funding Ban
March 9, 2009 at 11:23 am

President Barack Obama is expected to sign an executive order and memo Monday in an East Room ceremony that will end a divisive policy decision by his predecessor, while sending a clear signal that science - not political ideology - will guide his administration.

U.S.: Naval Vessel Shadowed By Chinese Ships
March 9, 2009 at 11:21 am

The Pentagon charged Monday that five Chinese ships shadowed and maneuvered dangerously close to a U.S. Navy vessel in an apparent attempt to harass the American crew.

Dow Fluctuates As Investors Seek Certainty
March 9, 2009 at 11:20 am

Wall Street struggled to find a direction Monday as investors were torn between hopes for the financial sector and pessimism about the broader economy's slide.

Vilsack: U.S. Should Boost Ethanol In Gasoline
March 9, 2009 at 11:17 am

Agriculture Secretary Tom Vilsack says the government should be able to move quickly to increase the amount of ethanol allowed in gasoline.

Lyme Disease Linked To Illinois Church Shooting
March 9, 2009 at 10:21 am

The man suspected of fatally shooting an Illinois pastor during Sunday services suffered from mental illness stemming from a tick bite, the suspect's family told a newspaper in an interview last August. The suspect, whom a source told the St. Louis Post-Dispatch is 27-year-old Terry Joe Sedlacek, allegedly walked into the First Baptist Church, walked toward Rev. Fred Winters and killed him with a .45-caliber semiautomatic pistol, police said.

Poll: Rise In Americans With No Religion
March 9, 2009 at 8:13 am

A wide-ranging study on American religious life found that the percentage of Christians in the nation has declined and more people say they have no religion at all.

Merck To Merge With Schering-Plough
March 9, 2009 at 7:53 am

Merck & Co. is buying Schering-Plough Corp. for $41.1 billion in stock and cash in a deal that gives the companies more firepower to compete in a drug industry facing slumping sales, tough generic competition and intense cost pressures.

N. Korea Threatens War Over Launch Interference
March 9, 2009 at 7:52 am

North Korea put its armed forces on standby for war Monday and threatened retaliation against anyone seeking to stop the regime from launching a satellite into space in the latest barrage of threats from the communist regime.

12,000 U.S. Troops To Quit Iraq By September
March 9, 2009 at 7:52 am

About 12,000 U.S. soldiers will leave Iraq by September, officials said, hours after a Baghdad suicide bomber killed about 30 people in a chilling reminder of the nation's still-shaky security.

After 60 Years Circuit City Powers Down
March 8, 2009 at 9:52 pm

What began 60 years ago as a humble television store in this sleepy Southern capital ended Sunday as Circuit City closed its doors for good — its 567 remaining U.S. stores to be left broom-clean and vacant.

Sen. Kennedy Receives Profiles In Courage Award
March 8, 2009 at 9:28 pm

As part of Sen. Ted Kennedy's birthday celebration in Washington, the 77-year-old was presented with the John F. Kennedy Profile in Courage Award.

Madoff Investors Prepare For Court Confrontation
March 8, 2009 at 9:02 pm

Bernard Madoff has yet to face the many investors he is accused of ripping off in a jaw-dropping Ponzi scheme that amounted to one of the biggest financial frauds in history.

Outside Buyers Drawn To Foreclosed Homes Auctions
March 8, 2009 at 7:16 pm

Welcome to Landlord Nation, where foreclosure notices are plentiful and for-sale signs offer at least 1,800 homes for under $10,000 that once were worth at least 10 times more.

Tentative Deal Between Canadian Union, GM
March 8, 2009 at 6:29 pm

The Canadian Auto Workers union said Sunday it had reached a tentative agreement with General Motors Corp. on a multiyear pay freeze and other concessions needed to qualify the company for government aid.

Villaraigosa Calls GOP 'Party Of No' Over Bailouts
March 8, 2009 at 4:50 pm

After winning re-election with what pundits said was a disappointing 55 percent vote, Los Angeles Mayor Antonio Villaraigosa played coy Sunday when a CNN correspondent asked him of his aspirations of becoming California's governor. "I'm focused on this job (as mayor)," he said during CNN's "State of the Union" interview show.

Ill. State Police: 1 Killed In Church Shooting
March 8, 2009 at 3:56 pm

A gunman walked down the aisle of a church during a Sunday service and killed the pastor, then stabbed himself and slashed two other people as parishioners wrestled him to the ground, authorities said.

GOP Tussles Over Leadership, Party's Future Path
March 8, 2009 at 12:38 pm

Rush Limbaugh has been Topic A in the political world, with Republicans debating his influence on their party and Democrats trying to elevate the conservative radio host to the GOP's de facto spokesman. The skirmish has cast a bright light on the GOP and its search for leadership in the Obama era. But the personality-driven diversion has deflected attention from the deeper problems the party faces. Simply put, the public isn't buying what Republicans are selling right now.

Recession On Track To Be Longest In Postwar Period
March 8, 2009 at 12:37 pm

Factory jobs disappeared. Inflation soared. Unemployment climbed to alarming levels. The hungry lined up at soup kitchens. It wasn't the Great Depression. It was the 1981-82 recession, widely considered America's worst since the depression. That painful time during Ronald Reagan's presidency is a grim marker of how bad things can get. Yet the current recession could slice deeper into the U.S. economy.

Astronaut, Inglewood Native Headed For Space
March 8, 2009 at 12:31 pm

An Inglewood native is headed to space to do a little construction. Astronaut Joseph Acaba, who is set to blast off Wednesday at 6:20 p.m., will be part of the team installing the final truss elements and solar arrays needed to complete the International Space Station.
 

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