Fourteen time Olympian Gold Medal winner, Michael Phelps will not face drug charges. The South Carolina Sheriff, of Richland County, in charge of the investigation announced, that they do not have sufficient evidence to charge Mr. Phelps.

The stimulus bill was signed by President Obama today in Colorado, which is the up and coming state, gearing up production of new green jobs. Plans by the administration to save the banks and the housing market will be disclosed tomorrow.

The Japanese Prime Minister. resigned after speaking at the G-7 and seeming to be intoxicated. He said he had been taking medicine.

Secretary of State, Hillary Clinton, requested that North Korea not test a long range missile, as they have previously announced. Secretary Clinton will travel to Indonesia, South Korea and China, before returning home.

President Obama says the war in Afghanistan is still "winnable", he will be sending seventeen thousand new troops to the area, reportedly.

An aide to President Obama reportedly said, that the restrictions on Corporate salaries may be flexible.

GM and Chrysler will request an additional 21.6 billion
dollars from the Government. They will reportedly cut fifty thousand jobs. GM will cut four top executive's salaries by 40%.

California's Governor set to lay off ten thousand Government
employees, due to the budget deficit.

Kansas solved its budget problem, by allowing the Governor to borrow from another state fund, to close the gap in a second fund, for employees pay and state rebates.

Daimler auto manufacturers, reported a loss of 1.2 billion eu's in the 4th quarter.

Intercontinental Hotels lost 43% in revenue, the CEO expects tough going through the balance of 2009.

Japan's stock market is the lowest in twenty-five years, reportedly as recession deepens.

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