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Citigroup  the US third-biggest U.S. bank, to cut over 11,000 jobs to reduce expenses and improve efficiency.. It will incur a pretax of 1.1 billion this quarter and save 900 million next year in 2013.

CEO Michael Corbat said,

These actions are logical next steps in Citi’s transformation,. While we are committed to — and our strategy continues to leverage — our unparalleled global network and footprint, we have identified areas and products where our scale does not provide for meaningful returns.”

Citi shares were up 3.87% to $35.62 a share after the announcement.

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Who’s Lying? US denies Iran captured ScanEagle drone over Persian Gulf. Tehran has claimed it captured a US spy drone in the Persian Gulf after the unmanned aircraft entered Iranian airspace, Iran’s Press TV reported. The US Navy denied the claim, saying that none of its drones in the Gulf region were lost.

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US birth rate falls to record low, led by the decline in child-bearing among foreign-born women, according to the The Pew Research Center. The 2011 rate was the lowest since 1920, when such records began.

The study concludes it could be due to several factors. Increased access to contraception for Latino women and the recession 14% among foreign-born women and 23% among Mexican immigrant women in particular.

Among this report’s other major findings:

  • A majority of births to U.S.-born women (66%) in 2010 were to white mothers (although that share was smaller than in 1990, when it was 72%), while the majority of births to foreign-born women (56%) were to Hispanic mothers.
  • Teen mothers account for a higher share of births to U.S.-born women (11% in 2010) than to foreign-born women (5%), in part because of the age profile of immigrants.
  • Mothers ages 35 and older account for a higher share of births to immigrants (21% in 2010) than to the U.S. born (13%). In fact, immigrants accounted for fully 33% of births to women ages 35 and older in 2010.

Last year there were 3.95 million total US births, according to the preliminary data from Pew Research Center.

https://i0.wp.com/i.dailymail.co.uk/i/pix/2012/11/30/article-2240934-00702CA400000258-402_640x400.jpg

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In Pennsylvania, High School hockey teams told no to the US National Anthem before games.

https://twitter.com/toddstarnes/status/268009500261355520

National Anthem Stirs Controversy Among High School Hockey Community

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Anarchy anyone? Residents From Almost Half Of All US States Petition White House To Secede from United States.  Over the past few days, residents from 22 states have filed separate petitions asking President Obama to allow them to secede from the U.S. Each petition, filed via the White House’s “We The People” petition site, requires a response from the executive branch if it receives 25,000 signatures within 30 days.

UPDATE W.H. Petition Calls for Stripping Citizenship and Exile for Anyone Who Signs Petition to Secede

The Lookout Secession petitions filed in 20 states

“We The People” petition website

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