Mississippi River nears historic lows, shipping at risk

(Reuters) – The drought-drained Mississippi River will rise slightly later this week between St. Louis and Cairo, Illinois, but later continue its decline toward historic lows, according to a National Weather Service forecast.Low water, due to the worst U.S. drought since 1956, has already impeded the flow of billions of dollars worth of grain, coal, fertilizer and other commodities between the central...

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Look beyond the fiscal cliff

STORY HIGHLIGHTSDean Baker: Budget deficit is not the only top issue in our national economic policyBaker: Fiscal cliff debate has been a distraction of the bigger problem of a downturn He says fears of big deficits are preventing us from boosting the economy moreBaker: Given the economy's weakness, the government has to run big deficits Editor's note: Dean Baker, an economist, is co-director of the...

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Chicago man charged in estranged wife's slaying in Munster

A Chicago man with a history of domestic violence arrests has been charged with the murder of his estranged wife in Munster,...

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Central African Republic rebels halt advance, agree to peace talks

DAMARA, Central African Republic (Reuters) - Rebels in Central African Republic said they had halted their advance on the capital on Wednesday and agreed to start peace talks, averting a clash with regionally backed troops. The Seleka rebels had pushed to within striking distance of Bangui after a three-week onslaught and threatened to oust President Francois Bozize, accusing him of reneging...

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Asia stocks take off as U.S. fiscal cliff crisis ends

HONG KONG (Reuters) - Asian stocks rose nearly two percent to hit a five-month high and the dollar fell as both houses of Congress passed a bill to end the "fiscal cliff" crisis that threatened a U.S. recession and roiled world financial markets. European markets were set to rally on the news, with spreadbetters expecting London's FTSE <.ftse> to rise about 1 percent and Frankfurt's...

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Stanford holds off Wisconsin 20-14 in Rose Bowl

PASADENA, Calif. (AP) — Shayne Skov and Zach Ertz believe every game in Stanford's improbable football renaissance led the Cardinal to midfield at the Rose Bowl.That's where Usua Amanam made the interception that stopped Wisconsin's final drive with 2:30 to play in a grind-it-out game. That's where Kevin Hogan grinned broadly as he took the final snap on Stanford's first Rose Bowl victory in 40 years.And...

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Europe Tackling Big Space Projects in 2013

LONDON — The European Space Agency has some ambitious resolutions for the New Year. The year 2013 will include the agency’s first spaceflight for its newest class of astronauts, the launch of its latest robot cargo ship Albert Einstein, and the development of new rockets and spacecraft, including a reusable space plane and work on NASA’s new Orion spacecraft.January and February should see agreements...

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13 key stories to watch for in 2013

Among the few virtual certainties of 2013 is the ongoing anguish of Syria and the decline of its president, Bashar al-Assad.STORY HIGHLIGHTSLook for more unrest amid power transitions in the Middle EastDisputes and economic worries will keep China, Japan, North Korea in the newsEurope's economy will stay on a rough road, but the outlook for it is brighterEvents are likely to draw attention to cyber...

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With final vote, Congress resolves 'fiscal cliff' drama

WASHINGTON (Reuters) - The United States averted economic calamity on Tuesday when lawmakers approved a deal to prevent huge...

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At least 61 crushed to death in Ivory Coast stampede

ABIDJAN (Reuters) - At least 61 people were crushed to death in a stampede after a New Year's Eve fireworks display at a stadium in Ivory Coast's main city Abidjan early on Tuesday, officials said. Witnesses said police had tried to control crowds around the Felix Houphouet-Boigny Stadium following the celebrations, triggering a panic in which scores were trampled. "The estimate...

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