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.

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Wednesday, May 27

● Traveler’s death was due to rare African disease

● Oily water and food crops don’t mix

● A cable merger of “equals”

● FTC shields consumers from arbitrators

● IRA’s bottom line blossoms

The Day Ahead – May 27, 2015

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NOAA makes its 2015 hurricane forecast, the U.N. Security Council discusses threats to journalists and Ashton Carter meets with his Filipino counterpart.

State: Closely Watching Iranian Closed-Door Spy Trial Of U.S. Journalist

And State acknowledged it is hard to monitor such a trial.

The World in 2:00 – May 26, 2015

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Australia looks to follow Ireland’s lead in legalizing same-sex marriage and a major electoral surprise in Poland as a ‘eurosceptic’ president sweeps into office.

Pentagon Welcomes Ramadi Counteroffensive, Chastises Iraqi Military

The Pentagon backed up comments made by Defense Sec. Ashton Carter, who told CNN on Sunday that the Iraqi’s in Ramadi lacked the will to fight.

Obama Advises Senate Return From Recess For Patriot Act

Last week the Senate rejected a measure that would prohibit the NSA from collecting bulk phone data which is rolled into the Patriot Act, which expires Sunday at midnight.