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April 3, 2012 Afternoon Update |
TOP NEWSObama Says G.O.P. Budget Plan Embodies 'Radical Vision'By MARK LANDLERPresident Obama opened a full-frontal assault Tuesday on the budget adopted by House Republicans, painting it as the manifesto of a party that had swung radically to the right. Budget Bill Defeat Is Lesson in Difficulty of CompromiseBy JONATHAN WEISMANIf Congress is to defuse a budgetary time bomb, the forces of conciliation will have to become far more organized than the bipartisan opposition. James Murdoch Steps Down From British BroadcasterBy JULIA WERDIGIER and ALAN COWELLThe move is the latest in a string of resignations as his family's newspaper outpost in Britain becomes ever more deeply mired in a scandal over its reporting practices and ethics. Despite 2009 Deal, Affordable Housing Roils WestchesterBy PETER APPLEBOMEA settlement has led to an uncomfortable and often rancorous tug of war, complicated by politics and real estate prices in one of the nation's wealthiest suburban areas. A Taste of Hope in MogadishuBy JEFFREY GETTLEMANSomalia's capital had been reduced to rubble over 21 years of civil war, but the city is making a remarkable comeback. |
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BUSINESSA Satellite System That Could End Circling Above the AirportBy JAD MOUAWADAirlines and airports are testing a guidance system that could reduce congestion and fuel consumption by allowing planes to take a more direct route to the runway. Few Signs of Further Fed Action in Latest MinutesBy BINYAMIN APPELBAUMThe members of the Federal Reserve's policy-making committee barely discussed the possibility of a fourth round of asset purchases during their most recent meeting in mid-March. Wall Street Lower After Fed ReportBy THE ASSOCIATED PRESSStocks were mainly lower after the Fed indicated that another round of economic stimulus was less likely. U.S. Car Sales Keep Up Their Firm GrowthBy NICK BUNKLEYChrysler and Ford said their American sales rose last month to the highest level in at least four years, while General Motors said it sold a record number of fuel-efficient cars. DealBookFacebook Accuses Yahoo of Infringing on PatentsBy MICHAEL J. DE LA MERCED and EVELYN M. RUSLIIn responding to Yahoo's original intellectual property lawsuit, Facebook argued that the Web pioneer has violated patents that cover some 80 percent of its revenues last year, amounting to more than $4 billion. |
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