The Top 10 Stories of May 25, 2012
Quote of the day.
“It just makes me nervous when you take genetic matter from something else that wouldn’t have been done in nature and put it into food.” - Cynthia LaPier, a mental health counselor in Massachusetts who engages in “guerilla labeling” of foods she knows contain genetically modified organisms.
(New York Times)
1. Presidential race is most costly ever.
The battle between President Barack Obama and Republican Mitt Romney will be the most expensive presidential contest ever — by a long shot.
2. GOP, White House spar on Obama's federal spending claim.
Republicans and the White House are at odds over the administration's claim that President Obama has increased federal spending at the slowest pace in 60 years.
3. Top CEO pay equals 3,489 years for typical worker.
David Simon of Simon Property received a pay package worth more than $137 million for last year, and the typical CEO took home $9.6 million, according to an analysis by The Associated Press.
4. GOP showing small shifts on taxes.
An increasing number of Republicans running for Congress are declining to sign the pledge. It is a small sign that could signal a big shift in the GOP’s politics on taxes amid spiraling national deficits.
5. Iran nuclear talks end with no deal.
Talks between Iran and six world powers on its disputed nuclear program failed to produce a breakthrough on Thursday, in an apparent diplomatic setback for both sides.
(New York Times)
6. New signs of global slowdown
With the latest reports, a new economic threat is emerging: That activity is slowing in sync around the globe and not just in a few markets with their own isolated problems.
(Wall Street Journal)
7. Europe slowdown adds more tension to Greek drama.
Europe's economic slowdown has hit the engine-room of the euro zone, including Germany, gloomy new indicators have revealed, adding urgency to the region's struggle to keep Greece's debt crisis from tearing the single currency apart.
8. U.S. human rights report cites bright spots, but also points to abuses.
After an "especially tumultuous and momentous year" for human rights, Secretary of State Hillary Rodham Clinton said on Thursday, the challenge in many Arab countries has shifted from breaking the back of entrenched dictatorships to protecting new freedom during the often chaotic and sometimes violent transitions that follow.
9. Bonn climate talks end in discord and disappointment.
The latest round of international climate change talks finished on Friday in discord and disappointment, with some participants concerned that important progress made last year was being unpicked.
10. Egypt election: Rivals claim run-off places.
The Muslim Brotherhood's candidate for Egyptian president, Mohammed Mursi, is likely to face former Prime Minister Ahmed Shafiq in a run-off vote, according to partial election results.