Today’s Business Roundup

Markets

US stocks finish near session lows a day before Thanksgiving. The Dow is down -235.26 points. The S&P and Nasdaq also finished in the red as the debt crises in Europe and the US linger. Traders fear a possible global recession because of the shaky financial troubles here and abroad. The markets and banks will be closed for Thanksgiving but will reopen on Friday.

Biggest Travel Day Of The Year

Today is simply the busiest travel day of the year and airlines are not profiting as much as people think. Not only are jet fuel costs growing but airlines have to brace for the unwanted costs for delays because of bad weather all over the US.

Super Committee Failure Spillover

Congress is just weeks away from voting on expiring payroll tax breaks and extending unemployment benefits. President Obama told an audience at a New Hampshire high school on Tuesday that their taxes would go up an average of $1,000 to $1,500 unless the payroll tax cuts are extended and expanded as part of his jobs bill.

About Jay Goodman Tamboli

View all posts by Jay Goodman Tamboli

Homs, Syria A “Theatre Of Death And Destruction”: UN Envoy

Recent fighting in the city has cut its residents off from urgent deliveries of humanitarian aid, the opposition Syrian National Coalition said.

Crimea Will Be Ours Again: Ukraine PM

Arseniy Yatsenyuk said Ukraine is ready to fight to hold onto the annexed region, but will concentrate on working with the international community.

Review On Keystone Pipeline Delayed, Again

The delayed review of the pipeline now likely takes the issue off the table for the upcoming November elections.

White House: Antisemitic Flyers Disturbing, But Origins Unclear

White House Press Secretary Jay Carney on Friday told TRNS he wasn’t sure who was behind antisemitic flyers in eastern Ukraine.

Experts: Despite Little Progress, ‘Pivot To Asia’ Not Yet Dead

Senior Administration Officials

A talk hosted by The Brookings Institution looked at how the Obama administration can still make it’s ‘pivot to Asia’ work despite lost time.

Reid: Putin Involved With “Neo-Nazi Thugs”

“News reports of disturbing, anti-Semitic pamphlets show the kind of neo-Nazi thugs with whom Vladimir Putin is willing to associate,” Reid said on Thursday.