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Anti-austerity demonstrations took place across southern Europe today, from Portugal to Greece. Large crowds voiced anger over budget cuts imposed by their governments or by multinational financial institutions. This is the first time that austerity protests have been coordinated across European borders.

The president's political party, the Muslim Brotherhood, said a changed Egypt will no longer allow "Palestinians to be subjected to Israeli aggression."

The Center for American Progress, a think-tank closely associated with President Obama, offered up a deal on Wednesday on how to cut the deficit by reducing spending for Medicare without, it says, hurting seniors.

More than two weeks after Hurricane Sandy, many people in New York and New Jersey are still focused on restoring the basics: food, electricity, water. Most vulnerable are the elderly and sick — many of whom can't get to their doctors or refill prescriptions.

The newly re-elected president indicated that he, not congressional Republicans, reflected more of the popular will, with his call for higher taxes on the wealthy as part of any agreement to avert the fiscal cliff.

He was elected general secretary of the Communist Party of China early Thursday morning. But those hoping for change in China say the make-up of the party's elite makes it unlikely major reforms will come anytime soon.

Some argue the first visit by a sitting U.S. president to the country also known as Burma is too much reward for not enough political reform. But analysts say the trip could be a success if it focuses on the work still to be done.

Early Thursday, Israel resumed its deadly attacks on Gaza. The Israeli action is in response to rocket strikes by the Palestinian militant group Hamas. On Wednesday, the top military commander of Hamas was killed in an air strike by Israeli forces. It is the heaviest fighting the Palestinian territory has experienced in years.

House Republicans investigating the collapse of MF Global placed responsibility for the firm's demise on former Democratic senator and New Jersey Governor Jon Corzine. He was MF Global's CEO. The firm still owes its customers an estimated $1.6 billion.

Oil giant BP is preparing to plead guilty to criminal misconduct related to the 2010 Gulf spill. The deal is set to be announced in New Orleans Thursday.