Issue link: https://www.epageflip.net/i/50394
Saturday, December 17, 2011 – Daily News WORLD BRIEFING Republican lawmakers insist on big oil pipeline WASHINGTON (AP) — The White House backed away from a criti- cal veto threat Friday as top Republicans in Con- gress served noticed they will extend expiring Social Security payroll tax cuts only if President Barack Obama swiftly decides the fate of a pro- posed oil pipeline that promises thousands of jobs. With Republicans talk- ing tough and lawmakers from both parties anxious to leave for the holidays, Obama spokesman Jay Carney declined several times to repeat Obama's earlier statement that he would reject any attempt to link the tax cuts and the Canada-to-Texas pipeline. ''There's a process at work. I'm not going to analyze what language would be acceptable and what wouldn't,'' Carney told reporters. He made his comments as Republican and Demo- cratic leaders sought a compromise on legisla- tion to renew the tax cuts and long-term jobless benefits that are at the heart of the jobs program that Obama submitted to Congress last fall. Racing to adjourn for the year, lawmakers moved swiftly to clear separate legislation avoid- ing a partial government shutdown threatened for midnight — focusing attention on the final dis- puted issue in a tempestu- ous year of divided gov- ernment in an era of high joblessness and public dissatisfaction with Con- gress. Obama has said exten- the credit scores of six euro- zone nations — heavy- weights Italy and Spain, as well as Belgium, Cyprus, Ireland and Slovenia. It said all six could face down- grades of one or two notch- es. — Ireland's economy shrunk again much deeper than had been expected, with its third-quarter gross domestic product falling 1.9 percent. Ireland is one of three eurozone nations kept solvent only by an interna- tional bailout. sions of the tax cuts and unemployment benefits are necessary to help nur- ture an economic recov- ery while also sustaining victims of the recession. Republicans injected the pipeline project into the legislation after the presi- dent postponed a decision on the long-studied pro- ject until after the 2012 elections. 6 ex-Fannie, Freddie executives charged with civil fraud WASHINGTON (AP) — Two former CEOs at mortgage giants Fannie Mae and Freddie Mac on Friday became the highest- profile individuals to be charged in connection with the 2008 financial crisis. In a lawsuit filed in New York, the Securities and Exchange Commis- sion brought civil fraud charges against six former executives at the two firms, including former Fannie CEO Daniel Mudd and former Freddie CEO Richard Syron. The executives were accused of understating the level of high-risk subprime mortgages that Fannie and Freddie held just before the housing bubble burst. ''Fannie Mae and Freddie Mac executives told the world that their subprime exposure was substantially smaller than it really was,'' said Robert Khuzami, SEC's enforce- ment director. Khuzami noted that huge losses on their sub- prime loans eventually pushed the two compa- nies to the brink of failure and forced the govern- ment to take them over. Bad financial news flows out of Europe DUBLIN (AP) — Alarming financial news flowed out of Europe in a torrent Friday, just a week after the EU leaders struck a deal they thought would contain the continent's debt crisis. The bombardment shredded hopes of a lasting solution to the turmoil that is endangering the euro — the currency used by 17 European nations — and threatening the entire global economy. In quick succession: — The Fitch Ratings agency announced it was considering further cuts to Tehama Country Real Estate This Week REALTY INC. 660 Main St., Red Bluff (530)529-2300 GIPSON BIG PRICE REDUCTION. 1,000+ sf – 2 bedroom, 1 bath home on a double lot. Enclosed front and back porches, several outbuildings, carport, fruit trees, mostly fenced, room for a garden. Only..............................................$39,500 MLS Lic#01806926 OWC ~ ALL JUST LOWERED $10,000 Ben Gipson, Broker.........................Res. 527-4031 Kim Miller, Realtor®.................................840-0733 Donna Harmon, Realtor®........................200-4267 www.gipsonrealty.com 2 car garage, 20 minutes from Red Bluff.$158,000 3/2 1500 sf in Lake California $146,000 OWC FIRST HOME/RENTAL. 3 bedroom, 2 bath home with a detached garage/conversion w/bathroom. Newer comp roof, fireplace and a laundry room. Located on a nice lot in town................................................................................$85,000 ELDER CREEK FRONTAGE. 8 acres of mostly level property, west of town. Includes a 1991 – 2 bedroom, 2 bath manufactured home with a detached carport. Lovely setting to enjoy the wildlife and outdoors, room for your horses............................................................................$119,000 7 acres in town $68,000 OWC Call (530) 921-4849 2/2 + Den, MFH $57,000 NORTH STATE PROPERTIES (530) 529-7622 SPACIOUS HOME IN SENIOR PARK. 1,800sf – 2 bedroom, 2 bath manufactured home with a detached 2 car garage/shop. Open floor plan w/living and family rooms, big walk in closet built in book case, breakfast bar, and large covered decking. Located on a nice shaded parcel, that you own................$110,000 4 BEDROOM, 3 BATH home on almost 10 acres. Newer 2,266 sf - beautiful stucco home that has been recently painted on interior, sunken living room, tile throughout, 2 car attached garage, views of surrounding mountains. Perfect for the large family and your horses. Reduced to..............................$285,000 YOUR NORTH STATE REAL ESTATE CONNECTION 445 Main Street, Red Bluff, CA 96080 Short Sales / Foreclosures / HUD jeff@redbluffhomes.com JOSEPH DURRER Cell: 530-200-2831 joe@redbluffhomes.com CAROL MAY Cell: 530-514-8946 carolmay@redbluffhomes.com FOOTHILL VIEWS & WATER. 51 irrigatable acres with a 2 bedroom, 1 bath home w/2 car garage. Property is fenced and cross fenced, some fruit trees and lots of shade trees. 40 miners inches of water comes with property. Great views of Mt. Shasta and eastern range................................................$450,000 LOTS OF SQ FT FOR THE PRICE! 13,000+SF Concrete block building with w/3 lrg overhead doors, 4 interior garage doors, southerly portion has 18-20 ft eave height, mezzanine, conference room, kitchen, open office area, car painting booth and more! May even be able to split into two separate units. Rent one and use the other for your own business. Great Chico location.................$499,000 KIM KEELER Cell: 530-368-6775 kim@redbluffhomes.com JON SHOLZEN Cell: 530-200-4690 jon@redbluffhomes.com JEFF MOYER Cell: 530-366-2149 ernie@redbluffhomes.com ERNIE MARTINEZ Cell: 530-200-0339 KATHY HETTICK Cell: 530-200-0599 kathy@redbluffhomes.com www.kathyhettick.com SHELLIE JOHNSON Cell: 530-526-3367 shellie@redbluffhomes.com www.homesbyshellie.com LUCI HAWES Cell: 530-200-2264 shellie@redbluffhomes.com www.luci.hawes@yahoo.com 4/2, 2300 SF, custom built on 13 ⁄4 acre. Thousands suffered abuse in Dutch Catholic institutions THE HAGUE, Nether- lands (AP) — As many as 20,000 children endured sexual abuse at Dutch Catholic institutions over the past 65 years, and church officials failed to adequately address it or help the victims, according to a long-awaited investiga- tive report released Friday. The findings detailed some of the most wide- spread abuse yet linked to the Roman Catholic Church, which has been under fire for years over abuse allegations in Europe, the United States and else- where. Based on a survey of 34,000 people, the report Mon-Fri: 9am - 7pm Sat: 9am - 5pm Sun: Closed En Español 26 Sale Lane, Red Bluff • (530) 529-2192 www.Claytonredbluff.com $48,505 3 bedroom, 2 bath Singlewide: Includes home, set-up, delivery, X12 foundation, gravel pad, A/C, skirting and steps WESTERN REAL ESTATE MINCH PROPERTY MANAGEMENT 760 Main St. • 530-527-5514 Commercial Properties For Sale: • 455 S. Main St. SALE PENDING • 840 Main St. • 1870 Montgomery • Flores Ave/I-5 ( • 13545 Saint Marys Ave. • 1156 Monroe St. Major Price Reduction! Major Price Reduction! 2.67 Acres 11,400 sq/ft 2 Acres SALE PENDING . . . . . . . . . . . . 24, 53 or 62 Acres 40,000 sq/ft 6,580 sq/ft Commercial Properties For Lease: • 22680 Antelope Blvd. 5,600 sq/ft • 460 Antelope Blvd. • 731-741 Main St. • 225 Walnut St. • 955 Main St. • 726 Pine Street 1 to 3,000 sq/ft various size suites 2,000 sq/ft 2,995 sq/ft 1,250 sq/ft estimated that 1 in 10 Dutch children suffered some form of sexual abuse — a figure that rose to 1 in 5 among children who spent part of their youth in an institution such as a boarding school or children's home, whether Catholic or not. ''Sexual abuse of minors,'' it said bluntly, ''occurs widely in Dutch society.'' The findings prompted the archbishop of Utrecht, Wim Eijk, to apologize to victims on behalf of the Dutch church, saying the report ''fills us with shame and sorrow.'' Punished for living right SAN FRANCISCO (AP) — A clerical error landed Kathleen Casey on the streets. Out of work two years, her unemployment benefits exhausted, in danger of los- ing her apartment, Casey applied for a job in the phar- macy of a Boston drugstore. She was offered $11 an hour. All she had to do was pass a background check. It turned up a 14-count criminal indictment. Kath- leen Casey had been charged with larceny in a scam against an elderly man and woman that involved forged checks and fake credit cards. There was one technical- ity: The company that ran the background check, First Advantage, had the wrong woman. The rap sheet belonged to Kathleen A. Casey, who lived in another town nearby and was 18 years younger. Kathleen Ann Casey, would-be pharmacy techni- cian, was clean. Comet gets close to sun and survives WASHINGTON (AP) — A small comet sur- vived what astronomers figured would be a sure death when it danced uncomfortably close to the broiling sun. Comet Lovejoy, which was only discovered a couple of weeks ago, was supposed to melt Thurs- day night when it came close to where tempera- tures hit several million degrees. Astronomers had tracked 2,000 other sun- grazing comets make the same suicidal trip. None had ever survived. But astronomers watching live with NASA telescopes first saw the sun's corona wiggle as Lovejoy went close to the sun. They were then shocked when a bright spot emerged on the sun's other side. Lovejoy lived. ''I was delighted when I saw it go into the sun and I was astounded when I saw something re- emerge,'' said U.S. Navy solar researcher Karl Bat- tams. 5B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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