News Headlines - 23 November 2012

Economists, Obama administration at odds over role of mortgage debt in recovery - The Washington Post

One year and one month before President Obama won reelection, he invited seven of the world’s top economists to a private meeting in the Oval Office to hear their advice on what do to fix the ailing economy. “I’m not asking you to consider the political feasibility of things,” he told them in the previously unreported meeting.

Science budget cuts will threaten Europe's recovery, say research heads | The Guardian

The heads of some of the world's leading research organisations have warned the president of the European commission that cuts to the EU science budget will threaten the economic recovery of the region.

Violence in Egypt after Morsi assumes sweeping new powers - Telegraph

Violent protests broke out across Egypt today after the new Muslim Brotherhood president, Mohammed Morsi, awarded himself wide-ranging powers over its political transition.

Eurozone slump costs 900 jobs in UK steel industry - The Independent

British workers were revealed as the latest victims of the eurozone recession yesterday, as Tata Steel yesterday announced it will cut 900 jobs across the UK, almost 4 per cent of its British workforce, in response to rising losses and plunging demand in its all-important European markets.

Harry Redknapp takes on toughest task in rescuing Queen's Park Rangers - The Independent

Harry Redknapp has joined Queen's Park Rangers on the understanding he will be allowed to invest in his side this January if he can get the team up the table before the transfer window and demonstrate to the club's owners there is a glimmer of hope that they can avoid relegation.