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6:40am

Tue August 9, 2011
Opinion

Weekly Standard: Spending Money Left And...Left

President Barack Obama pauses as he speaks in the State Dining Room of the White House, Monday, Aug. 8, 2011, in Washington.
Carolyn Kaster AP

Fred Barnes is executive editor of The Weekly Standard.

President Obama's support for raising income taxes on high earners is more than a talking point. It's an obsession. In negotiations in July over a $4 trillion "grand bargain" on deficit reduction, the president proposed the tax hike as part of an agreement with Republicans. It was a clumsy mistake on his part, an unforced error. Rather than facilitate a deal, he helped kill it.

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6:18am

Tue August 9, 2011
The Two-Way

Diana Nyad Abandons Cuba-To-Florida Swim

Diana Nyad delivers a speech at Ernest Hemingway Nautical Club, in Havana.
Adalberto Roque AFP/Getty Images

Half-way through what was scheduled to be a 60 hour swim, 61-year-old Diana Nyad had to abandon what she called her "Xtreme Dream" — a 103 mile swim from Cuba to Florida.

"It's over. She lasted 29 hours in an heroic attempt," said Elaine Lafferty, one of Nyad's crew members, on Twitter.

On the same Twitter account, her team said that earlier in the evening Nyad was in the water, "surrounded by dolphins and a beautiful Caribbean sunset." But, they explained, a strong wind "blew her 15mph off course."

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6:10am

Tue August 9, 2011
Business

Global Markets Are Dragged Down By Fear

An early rally proved short-lived as stocks in Asia and Europe sank again Tuesday. Justin Urquhart Stewart of Seven Investment Management talks to Renee Montagne about the continued slide of financial markets around the world.

5:54am

Tue August 9, 2011
The Two-Way

Three Nights In, U.K. Riots Escalate To 'Breathtaking Scale'

Prime Minister David Cameron cut his vacation short and parliament was recalled as riots went into their third night in England. Last night, for the first time, the mayhem spread outside of London to Birmingham and Liverpool. The BBC reports that 450 people have been arrested.

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5:25am

Tue August 9, 2011
Business

Lingering Laptop Users Wear Out Starbucks Welcome

Some Starbucks in New York have started blocking their electrical outlets. They want to set a time limit on customers with laptops. Starbucks offers WiFi access and some customers complain they can never find a seat because students, freelance workers and others sit there all day.

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