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

Security Council Condemns Downing Of UN Copter In South Sudan

A Russian Mi-8AMT helicopter, pictured in the Central African Republic in June 2014. UN Photo/Catianne Tijerina

Three Russian crewmen were killed on Tuesday when their cargo helicopter was shot down in South Sudan’s oil-producing Unity State.

Mother Pleads For Release Of American Journalist In ISIS Captivity

Photo/Al Arabiya

“Steven has no control over the actions of the U.S. government. He’s an innocent journalist,” Sotloff says in the video. “I ask you to please release my child.”

LISTEN: The World in Two Minutes – August 27, 2014

The World in 2:00

Marijuana in China: As demand grows, Chinese authorities embrace new surveillance technology while continuing practice of executions.

A Carbon Tax Is Absolutely Essential

Putting a price on carbon encourages less fossil fuel extraction and a rapid move to clean and green energy.

Poll: Party Identification Split In North Carolina

The state hosts a major Senate race leading up to the 2014 midterms.

Report: White House To Skip Over Congress With Global Climate Initiative

And Republicans aren’t happy about it.