A new TV network for rich boys with toys

A new TV network for rich boys with toys

Discovery Communications Inc. is launching a television network for rich guys and their toys. Called Velocity, the new network will replace the current network HD Theater in some 40 million homes on Sept. 25, Discovery officials said Thursday. The target audience is men with incomes of $150,000 a year and more. “We just felt like […]

James Bond will return for 23rd film

James Bond will return for 23rd film

James Bond is staying put with the studio that distributed his last two big-screen adventures. Sony Pictures has signed a deal with MGM to co-finance and distribute the 23rd film in the super-spy franchise, due in theaters Nov. 9, 2012. Daniel Craig will be back for the third time as British agent Bond. In an […]

Obama eyes Medicare changes, tax increases

Obama eyes Medicare changes, tax increases

President Barack Obama, two years into a presidency marked by increased spending on a weak economy, is turning his attention to the nation’s crushing debt and trying to counter a Republican anti-deficit plan with one of his own. The president on Wednesday was to deliver a speech outlining his proposal to reduce spending in the […]

GOP supports Democratic Medicare cuts

GOP supports Democratic Medicare cuts

In a postelection reversal, House Republicans are supporting nearly $450 billion in Medicare cuts that they criticized vigorously last fall when Democrats and President Barack Obama passed them as part of their controversial health care law. The cuts are included in the 2012 budget that Rep. Paul Ryan, R-Wis., unveiled last week and account for […]

Budget cuts: Will anyone really notice?

Budget cuts: Will anyone really notice?

It’s touted as the biggest one-time rollback of domestic spending ever, but most folks will be hard-pressed to notice. After all, it’s just 1 percent of what the government will lay out this year. The number of security officers at airports won’t be reduced. National park campgrounds won’t close. There will still be enough meat […]

Who fired first shots of the Civil War?

Who fired first shots of the Civil War?

A raid 150 years ago by Confederate sympathizers on a Union fort at what is now Pensacola Naval Air Station was likely little more than an ill-planned and drunken misadventure, perhaps ended by one soldier’s warning shot — and a blank one, at that. But don’t tell Pensacola residents that the Jan. 8, 1861, skirmish […]

At 63, James Taylor ‘still hungry’

At 63, James Taylor ‘still hungry’

James Taylor has filled huge arenas, won five Grammys, been inducted into the Rock and Roll Hall of Fame, and influenced generations of musicians. His 2010 Troubadour Reunion Tour with Carole King was a major commercial success. Yet every single time he gives a concert, he worries people won’t come. “That’s always the question,” says […]

Obama saved favorite programs from budget cuts

Obama saved favorite programs from budget cuts

A close look at the government shutdown-dodging agreement to cut federal spending by $38 billion reveals that lawmakers significantly eased the fiscal pain by pruning money left over from previous years, using accounting sleight of hand and going after programs President Barack Obama had targeted anyway. Such moves permitted Obama to save favorite programs — […]

Obama claims ‘everything’ is on the table for cuts

Obama claims ‘everything’ is on the table for cuts

President Barack Obama, plunging into the rancorous struggle over America’s mountainous debt, will draw sharp differences with Republicans Wednesday over how to conquer trillions of dollars in spending while somehow working out a compromise to raise some taxes and trim a cherished program like Medicare. Obama’s speech will set a new long-term deficit-reduction goal and […]

Obama set to kick off 2012 fundraising

Obama set to kick off 2012 fundraising

President Barack Obama will kick off his 2012 campaign fundraising efforts later this week in his hometown of Chicago, which will also serve as the headquarters for his campaign. The president, who raised a whopping $750 million in 2008 and may raise as much as $1 billion this time around, formally announced his re-election last […]