Bush budget boosts Iraq funds

Date: Mon, 05 Feb 2007

NEWS

Bush plan seeks billions more for Iraq
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President Bush will send Congress a $2.9 trillion spending request
Monday that
seeks billions of dollars more to fight the Iraq war and tries to
restrain the
spiraling cost of the government's big health care programs.

25 dead in Indonesia flood; 340,000 homeless
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Horse-drawn carts rescued residents from flood-stricken districts in
the
Indonesian capital on Monday after flooding burst riverbanks, killing at
least
25 people and forcing some 340,000 to flee from their homes in recent
days.

'Speed bumps' deadly on Iraqi roads
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A type of homemade bomb that can include parts commonly found in Iraqi
kitchens and that is easy to hide on desert roads has proliferated in
Anbar
province and spread to other parts of Iraq. Troops in armored vehicles
are
endangered by the bomb, which U.S. military officials call a "speed
bump."

MONEY

Hyundai chief convicted on all charges, sentenced to three years in
prison
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Hyundai Motor Chairman Chung Mong-koo was convicted Monday of
embezzlement and
other charges and sentenced to three years in prison over a slush fund
scandal
that has weighed on the world's sixth-largest automaker.

President's speech shows CEO pay has hit the big time
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Excessive executive compensation, an issue shareholder activists and
labor
unions have ridden for years, has suddenly become a hot topic in
Washington,
D.C. Even President Bush weighed in on the subject last week in New
York.

Renters will dig deeper in 2007
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Renters be warned: Landlords are expected to raise apartment rents for a
third-
straight year in 2007, forcing tenants to turn over a growing chunk of
their
pay and making it harder to save for a home, a report to be issued today
by
Marcus & Millichap finds.

SPORTS

Colts reign supreme over Bears
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The Indianapolis Colts won their first Super Bowl Sunday, beating the
Chicago Bears 29-17. Tony Dungy became the first black coach to win the
NFL title, beating protege Lovie Smith. Peyton Manning won MVP honors
after going 25-for-38 for 247 yards, with one touchdown and one
interception.