Madness in the air in Washington

National Rifle Association Executive Vice President Wayne LaPierre calls on Congress to pass a law putting armed police officers in every school in America.STORY HIGHLIGHTSDavid Gergen: After election, there were hopes partisan tension would fadeHe says this week we've seen a complete breakdown on the fiscal cliffThe NRA doubled down on its anti-gun-control rhetoric despite Newtown, he saysGergen:...

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Rent in Orchard Rd prime areas down 0.28% in Q4

SINGAPORE: Prime area rent for shopping malls and retailers in Orchard Road inched down 0.28 per cent this quarter, compared to the previous quarter. In a report by Savills World Research, average monthly rent in prime areas in Orchard Road were S$35.1 per square foot in the fourth quarter. This is a slight drop from the S$35.2 per square foot in Q3. Analysts felt that this is due to adjustments...

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Failure of fiscal deal puts more pressure on Boehner

STORY HIGHLIGHTSRepublicans rejected his Plan B to avert fiscal cliff, raising questions about his futureSome conservatives have called for Boehner's resignationMost Republicans say it's premature to say his speakership is in jeopardyWhile the failure of the Plan B vote was bad, Boehner faces tougher days aheadWashington (CNN) -- Roughly six weeks ago, Rep. John Boehner was reelected unanimously by...

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Pope pardons ex-butler who leaked documents

In this photo taken Wednesday, May, 23, 2012, Pope Benedict XVI, flanked by his private secretary Georg Gaenswein, top left, and his butler Paolo Gabriele arrives at St. Peter's square at the Vatican for a general audience. / AP Photo/Andrew Medichini VATICAN CITY Pope Benedict XVI on Saturday granted his former butler a Christmas pardon for stealing the pontiff's private papers and leaking...

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'Cliff' Deniers Put Faith in No Deal

Not everyone thinks the "fiscal cliff" is so bad.If the Dec. 31 deadline passes, income taxes will go up and across-the-board spending cuts will hit government programs. But while most of the political world frets as if a major disaster is looming, others have treated it more like the Y2K bug: a fiscal canard ginning up a lot of unnecessary panic.The cliff is a "fantasy," former...

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Goodbye, U.S. Postal Service?

This Christmas could be the Post Office's last, says John Avlon. STORY HIGHLIGHTSThe U.S. Postal Service is bleeding money and heading toward insolvency John Avlon: Congress can save the postal service in deal on the fiscal cliff He says the urgency is clear, let's hope for a Christmas miracle Avlon: But be prepared that Washington dysfunction can doom the postal service Editor's note: John Avlon...

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ASEAN will continue to push for open skies agreement with India: PM Lee

SINGAPORE: Prime Minister Lee Hsien Loong said the issue of an open skies agreement between ASEAN and India is something which Singapore will continue to push for.Speaking to the Singapore media at the end of his visit to New Delhi for the ASEAN-India commemorative summit, Mr Lee said passenger traffic keeps on growing, and hence the need for more capacity."I keep on making the point to...

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Plan B yanked, now what?

STORY HIGHLIGHTSNEW: "The president will work with Congress to get this done," the White House saysThe House Speaker says his Plan B wasn't voted on because it didn't have "sufficient support" A bill to alter cuts did narrowly pass the House; the White House says it would vetoThe fiscal cliff's tax hikes and spending cuts are set to take effect in JanuaryWashington (CNN) -- House Speaker John Boehner's...

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N. Korea: We've detained a U.S. citizen

Updated 7 a.m. EST PYONGYANG, North Korea North Korea said Friday that an American citizen has been detained after confessing to unspecified crimes, confirming news reports about his arrest at a time when Pyongyang is facing criticism from Washington for launching a long-range rocket last week. The American was identified as Pae Jun Ho in a brief dispatch issued by the state-run Korean Central...

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NRA to Speak on Stopping Newtown Repeat

For the past week, leadership at the National Rifle Association has largely stayed away from the media, but this morning the group may weigh in on how to keep a deadly shooting massacre like last week's at a Newtown, Conn., elementary school from happening again.The NRA will hold a news conference in Washington, D.C., just before 11 a.m.Its leadership has held off on interviews...

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On gun control, look to Biden

Rebecca Puckwalter-Poza says Vice President Joe Biden was a leader on gun control in the Senate.STORY HIGHLIGHTSRebecca Buckwalter-Poza: Obama has apparently tapped Biden as gun control point manShe says he was leader in Senate on issue, shepherding 1994 gun control legislationIt banned manufacture of many semi-automatic guns,criminalized high-capacity magazinesWriter: Biden worked across aisle; he's...

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SGX consults markets on proposed rule changes

SINGAPORE: The Singapore Exchange (SGX) is consulting the securities and derivatives markets on proposed rule changes to provide market participants with more clarity of their rights and responsibilities. The proposed rule changes are meant to clarify when settlement and other payments between the clearing house and clearing members become final. SGX is proposing rule refinements to remove...

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Blizzard warning issued for big chunk of Midwest

STORY HIGHLIGHTSPower outages affect thousands in Des Moines, Iowa23-car pileup in Texas dust storm kills one, injures 17Heavy snow, high winds stretch from Colorado to Wisconsin in season's first blizzardStorm to crawl from Midwest to New England by FridayIs the storm hitting near you? Share your photos and videos on CNN iReport.(CNN) -- Tens of thousands of people lost power in Iowa on Thursday...

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Virginia Tech Survivor Fights Back Against Guns

Colin Goddard knows what it's like to be in a classroom when an armed man bursts through the door and starts randomly shooting people. Goddard was a student at Virginia Tech when a gunman shot him and killed 32 people in the deadliest mass shooting in U.S. history."It was the most terrifying nine minutes of my life," Goddard told Terry Moran of "Nightline" Wednesday. "One moment...

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Arming teachers would halt massacres

William Bennett argues that schools would be safer with at least one armed person there who is well-trained in firearms use.STORY HIGHLIGHTSWilliam Bennett: Arming, training one person in a school could help prevent shootingsHe says armed people have stopped instances of mass killingKillers may target places where they know they can't be shot down, Bennett saysBennett: Guns help prevent crime and...

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TIME magazine names Obama 2012 person of the year

NEW YORK: Time magazine on Wednesday named the recently re-elected US President Barack Obama as its person of the year for 2012 -- the second time it has accorded him this honor.The venerable American news magazine said the United States is in the midst of huge cultural and demographic changes and Obama is "both the symbol and in some ways the architect of this new America."The magazine...

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Libya siege: Ambassador's last minutes

STORY HIGHLIGHTSU.S. Ambassador Chris Stevens was killed in September of this yearHe was the first U.S. ambassador murdered since 1988 Along with Stevens, three other Americans were killed (CNN) -- They were hiding in a place security officers called a "safe area." It was anything but.Outside an angry crowd grew, gunfire rang out and a fire blazed.Thick smoke blinded the three trapped men. The intruders...

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