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Deals of the Hour / June 22, 2010, 8:11 am

UK makes sharpest cuts in decades in new budget

LONDON (AP) -- Britain announced the toughest cuts to public spending in decades and new tax rises on Tuesday in an emergency budget aimed at sharply reducing the country's record debts. The pain fell on shoppers who ... (Source: Yahoo Finance 2010-06-22T13:15:35Z)

Baltimore has a stake in Prince George's decision

Gov. Martin O'Malley's decision last week to relocate the Department of Housing and Community Development from Crownsville to Prince George's County. is almost certainly good politics -- and it could turn out to be good ... (Source: Weblogs.baltimoresun.com 2010-06-22T14:55:48Z)

Dems won't pass budget in 2010

House Democrats will not pass a budget blueprint in 2010, Majority Leader Steny Hoyer (D-Md.) will confirm in a speech on Tuesday. But Hoyer will vow to crack down on government spending, saying Democrats will enforce ... (Source: Thehill.com 2010-06-22T15:02:57Z)

New Law Nixes Tobacco Shipments by Mail

(CBS/AP) Savvy smokers and other tobacco users have long known a secret to getting their tobacco on the cheap: buy through the mail. Ordering from tobacco-producing southern states with plenty of supply and low taxes ... (Source: CBS News 2010-06-22T13:58:32Z)

BMY Terminates EXEL Partnership

Recently, Bristol-Myers Squibb Company (NYSE: BMY - News ) ended its collaborabotion deal with Exelixis , Inc. (NasdaqGS: EXEL - News ) for the development and commercialization of cancer candidate XL184. Consequently ... (Source: Yahoo Finance 2010-06-22T14:34:19Z)

Taliban takes U.S. funds, report says

Taliban and Afghan warlords are extorting some of the $2.16 billion the Defense Department has paid to local contractors who transport food, water, ammunition and fuel to U.S. military forces in Afghanistan, according to ... (Source: Federal Times 2010-06-22T15:02:57Z)

Excerpts from Rolling Stone article on Gen. McChrystal

Excerpts from a Rolling Stone magazine profile on Gen. Stanley McChrystal, the top U.S. commander in Afghanistan, set to appear Friday: – "Even though he had voted for (President Barack) Obama, McChrystal and his new ... (Source: CNN (blog) 2010-06-22T13:58:32Z)

Debt-laden U.K. takes first big step in budget-cutting

No one will be spared, not even the Queen. Britain's coalition government on Tuesday put out the country's harshest budget in decades. The plan makes clear that Britain is dead serious about attacking the country's debt ... (Source: Yahoo Finance 2010-06-22T15:02:57Z)

Meet Carlos "Cali" Muñoz, Costa Rica's rising surf star.

Courtesy Red Bull Carlos unleashing an attention-grabbing frontside punt. You hear a lot about Costa Rica being a surf destination, but what you don't hear a lot about is the surfers from the friendly Central American ... (Source: ESPN.com 2010-06-22T13:58:32Z)

Lil' Wayne pleads guilty to Arizona drug charge

(CNN) -- Rapper Lil' Wayne may avoid jail time on an Arizona drug charge, according to a plea deal that was announced Monday. The only problem is the rapper is already in jail. Lil' Wayne is currently serving a year in ... (Source: CNN 2010-06-22T13:44:13Z)

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