Eric Cantor Defends Foreign Aid Cuts In Aftermath Of Japan Earthquake, Tsunami

With Japan reeling from last week's magnitude 8.9 earthquake and the tsunami that followed, leading House Republicans on Monday defended cuts to foreign aid and ocean safety in their budget proposals, arguing the cuts are necessary to shrinking the nation's deficit.

"All of us need to be tempered by the fact that we've got to stop spending money we don't have," Majority Leader Eric Cantor (R - VA.) told reporters at his weekly press briefing. "Essentially, what you are saying is to go borrow money from the Japanese so we can spend it there to help the Japanese."

Microsoft Will Reportedly Stop Making Zune Devices

According to Bloomberg, Microsoft will no longer release new versions of the Zune player, due to poor demand. As recently as February 2011, Microsoft insisted that Zune wasn't going anywhere.

In some sense, this is true. The software, at least, will live on, as Microsoft moves its attention to mobile phones, using the Zune software to let customers access media on those phones.

iPhone Now Available on Verizon Network

For almost 5 years now, users of smart phones have been anticipating the Apple iPhone to be available by another carrier other than AT&T. Well the wait is finally over. Verizon Wireless will also carry the iPhone 4 beginning February 10th, 2011. Details about the cost of the phone and the available plans for the phone have yet to be released.