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Recent US History  2003
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2002
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2001
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2002
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2001
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HISTORY News:
 Alberto
R Gonzales -  John
C Yoo -  Douglas
J Feith
-  William
J Haynes II -  Jay
S Bybee
-  David
S Addington -  Dick
Cheney -  Criminal
- Torture
- War
Crimes - Secret
- Prisoners
-  Politics
- History
-  International
-  Law
-  US
- Guantánamo
Bay -  Cuba
-  Chile
-  Spain
"Spanish Court Weighs Inquiry on Torture for 6 Bush-Era Officials." ... "A Spanish court has taken the first steps toward opening a criminal investigation into allegations that six former high-level [Republican President] Bush administration officials violated international law by providing the legal framework to justify the torture of prisoners at Guantánamo Bay, Cuba, an official close to the case said." ... "The case, against former Attorney General Alberto R. Gonzales and others, was sent to the prosecutor’s office for review by Baltasar Garzón, the crusading investigative judge who ordered the arrest of the former Chilean dictator Augusto Pinochet. The official said that it was “highly probable” that the case would go forward and that it could lead to arrest warrants." ... "The complaint under review also names John C. Yoo, the former Justice Department lawyer who wrote secret legal opinions saying the president had the authority to circumvent the Geneva Conventions, and Douglas J. Feith, the former under secretary of defense for policy." ... "Spain can claim jurisdiction in the case because five citizens or residents of Spain who were prisoners at Guantánamo Bay [Cuba] have said they were tortured there. The five had been indicted in Spain, but their cases were dismissed after the Spanish Supreme Court ruled that evidence obtained under torture was not admissible." ... "The 98-page complaint, a copy of which was obtained by The New York Times, is based on the Geneva Conventions and the 1984 Convention Against Torture, which is binding on 145 countries, including Spain and the United States. Countries that are party to the torture convention have the authority to investigate torture cases, especially when a citizen has been abused." ... "Gonzalo Boye, the Madrid lawyer who filed the complaint, said that the six Americans cited had had well-documented roles in approving illegal interrogation techniques, redefining torture and abandoning the definition set by the 1984 Torture Convention." ... "Secret memorandums by Mr. Yoo and other top administration lawyers helped clear the way for aggressive policies like waterboarding and other harsh interrogation techniques, which the [Central Intelligence Agency] C.I.A. director, the attorney general and other American officials have said amount to torture." ... "The other Americans named in the complaint were William J. Haynes II, former general counsel for the Department of Defense; Jay S. Bybee, Mr. Yoo’s former boss at the Justice Department’s Office of Legal Counsel; and David S. Addington, who was the chief of staff and legal adviser to [Republican] Vice President Dick Cheney." -By Marlise Simons with contributions by Scott Shane and Eric Schmitt -NYTimes
 Economic
- History
-  Jobs
- Consumer
-  Government
"GDP revision shows 6.3% decline in fourth quarter: Worst quarter in 26 years led by weak spending, investment, exports." ... "The U.S. economy experienced its most violent contraction in a generation during the fourth quarter, with real gross domestic product plunging at a 6.3% annualized seasonally adjusted rate, the Commerce Department reported Thursday in its third estimate of quarterly growth." ... " GDP hadn't fallen so much since the first quarter of 1982. It was the third largest decline in GDP in 50 years." ... "Economists believe the current quarter, which ends March 31, was nearly as bad. Current projections look for GDP to fall at a 5.1% annual pace. Since 1947, GDP has never fallen by more than 4% for two quarters in a row." ... "Some have a more extreme view: "The economy will contract by a staggering 7% to 8% in the first quarter, before the economy begins to stabilize,"wrote Nariman Behravesh, chief economist for IHS Global Insight." ... "The recession that began in December 2007 intensified in the fourth quarter following the government's rescue of several large financial institutions and the collapse of Lehman Bros. The ensuing credit squeeze has driven consumer and business confidence to generational lows, and cost 3 million Americans their jobs." ... "The slump in the economy in the fourth quarter was broad based, with declines in every major sector except the federal government. Corporate profits fell at the fastest pace since 1953." ... "Final sales to domestic purchasers -- domestic demand -- fell at a 5.8% annual rate, the biggest drop since the second quarter of 1980." -By Rex Nutting -MarketWatch
Labor
- Market
"U.S. ongoing jobless claims rise to record 5.56 million: First-time claims hit 652,000 for last week, underscoring lack of jobs." ... "Showing the labor market's considerable strain, the number of people collecting state unemployment benefits reached yet another new record, jumping 122,000 to a seasonally adjusted 5.56 million, the Labor Department reported Thursday." ... "The four-week average of these claims rose 123,750 to stand at 5.33 million -- in itself a record high since the U.S. began compiling these statistics -- also as of the week ended March 14." ... "And for the week ended March 21, first-time claims for benefits rose 8,000 to 652,000, a level that's fully 78% higher than the same period in the prior year." ... "The insured unemployment rate, representing the proportion of covered workers who are receiving benefits, rose to 4.2% from 4.1%, reaching the highest level since May 1983." -By Ruth Mantell -MarketWatch 
 Real
Estate - History
"Commercial Property Faces Crisis: Delinquency Rate at 1.8%, Near Peak of Last Recession; Parallels to S&L Debacle." ... "Commercial real-estate loans are going sour at an accelerating pace, threatening to cause tens of billions of dollars in losses to banks already hurt by the housing downturn." ... "The delinquency rate on about $700 billion in securitized loans backed by office buildings, hotels, stores and other investment property has more than doubled since September to 1.8% this month, according to data provided to The Wall Street Journal by Deutsche Bank AG. While that's low compared with the home-mortgage delinquency rate, it's just short of the highest rate during the last downturn early this decade." ... "Some experts say it now looks as if the current commercial real-estate slump will rival or even exceed the one in the early 1990s, when bad commercial-property debt played a big role in dragging the economy into a recession. Then, close to 1,000 U.S. banks and savings institutions failed. Lenders took about $48.5 billion in charges on commercial real-estate debt between 1990 and 1995, representing 7.9% of such debt outstanding." ... "Since late 2007, a total of 47 banks and savings institutions have failed, of which a dozen or so had unusually high commercial-mortgage exposure. Foresight Analytics in Oakland, Calif., estimates the U.S. banking sector could suffer as much as $250 billion in commercial real-estate losses in this downturn. The research firm projects that more than 700 banks could fail as a result of their exposure to commercial real estate." ... "The Real Estate Roundtable, a trade group, estimates that commercial real estate in the [United States] U.S. is worth $6.5 trillion and financed by about $3.1 trillion in debt." -By Lingling Wei with contributions by Maurice Tamman and Jon Hilsenrath -WSJ.com 
 Barack
Obama - Federal
- Enforcement
- Financial
-  Accounting
- Politics
- American
International Group - Consumer
- Crises
- History
- US
- International
"Geithner to Propose Vast Expansion Of U.S. Oversight of Financial System." ... "Treasury Secretary Timothy F. Geithner plans to propose today a sweeping expansion of federal authority over the financial system, breaking from an era in which the government stood back from financial markets and allowed participants to decide how much risk to take in the pursuit of profit." ... "The [Democratic President] Obama administration's plan, described by several sources, would extend federal regulation for the first time to all trading in financial derivatives and to companies including large hedge funds and major insurers such as American International Group. The administration also will seek to impose uniform standards on all large financial firms, including banks, an unprecedented step that would place significant limits on the scope and risk of their activities." ... "Most of these initiatives would require legislation." ... "In coming months, the administration plans to detail its strategy in three other areas: protecting consumers, eliminating flaws in existing regulations and enhancing international coordination." ... "The nation's financial regulations are largely an accumulation of responses to financial crises. Federal bank regulation was a product of the Civil War. The Federal Reserve was created early in the 20th century to mitigate a long series of monetary crises. The Great Depression delivered deposit insurance and a federally sponsored mortgage market. In the midst of a modern economic upheaval, the Obama administration is pitching the most significant regulatory expansion since that time." ... "The administration's signature proposal is to vest a single federal agency with the power to police risk across the entire financial system." (1, 2, 3) -By Binyamin Appelbaum and David Cho with contributions by Zachary A. Goldfarb -WashingtonPost
 Italy
-  Swiss
-  Glaciers
-  Land
-  Atmosphere
- Global
-  Climate
- Politics
- History
-  France
-  Austria
"Melting glaciers force Italy, Swiss to redraw border." ... "Melting glaciers in the Alps may prompt Italy and Switzerland to redraw their borders near the Matterhorn, according to parliamentary draft legislation being readied in Rome [Italy's capital]." ... "The Italian Military Geographic Institute says climate change is responsible for the Alpine glaciers melting." ... ""This draft law is born out the necessity to revise and verify the frontiers given the changes in climate and atmosphere," [Italy's Democratic Party member Franco] Narducci said. "The 1941 convention between Italy and Switzerland established as criteria [for border revisions] the ridge [crest] of the glaciers. Following the withdrawal of the glaciers in the Alps, a new criterion has been proposed so that the new border coincides with the rock."" ... "Narducci said the same negotiation will be proposed to France and Austria[.]" -CNN
 Afghan
-  Pakistan
- US
-  Military
-  Intelligence
- Politics
- History
"Afghan Strikes by Taliban Get Pakistan Help, U.S. Aides Say." ... "The Taliban’s widening campaign in southern Afghanistan is made possible in part by direct support from operatives in Pakistan’s military intelligence agency, despite Pakistani government promises to sever ties to militant groups fighting in Afghanistan, according to American government officials." ... "The support consists of money, military supplies and strategic planning guidance to Taliban commanders who are gearing up to confront the international force in Afghanistan that will soon include some 17,000 American reinforcements." ... "Support for the Taliban, as well as other militant groups, is coordinated by operatives inside the shadowy S Wing of Pakistan’s spy service, the Directorate for Inter-Services Intelligence, the officials said. There is even evidence that ISI [Inter-Services Intelligence] operatives meet regularly with Taliban commanders to discuss whether to intensify or scale back violence before the Afghan elections." ... "American officials have complained for more than a year about the ISI’s support to groups like the Taliban. But the new details reveal that the spy agency is aiding a broader array of militant networks with more diverse types of support than was previously known — even months after Pakistani officials said that the days of the ISI’s playing a “double game” had ended." ... "Pakistan’s military and civilian leaders publicly deny any government ties to militant groups, and American officials say it is unlikely that top officials in Islamabad [Pakistan's capital] are directly coordinating the clandestine efforts. American officials have also said that midlevel ISI operatives occasionally cultivate relationships that are not approved by their bosses." ... "The ISI helped create and nurture the Taliban movement in the 1990s to bring stability to a nation that had been devastated by years of civil war between rival warlords, and one Pakistani official explained that Islamabad needed to use groups like the Taliban as “proxy forces to preserve our interests.”" ... "Little is publicly known about the ISI’s S Wing, which officials say directs intelligence operations outside of Pakistan. American officials said that the S Wing provided direct support to three major groups carrying out attacks in Afghanistan: the Taliban based in Quetta, Pakistan, commanded by Mullah Muhammad Omar; the militant network run by Gulbuddin Hekmatyar; and a different group run by the guerrilla leader Jalaluddin Haqqani." -By Mark Mazzetti and Eric Schmitt -NYTimes 
Barack
Obama - Corporate
- Government
- Politics
- History
-  Texas
"Despair over financial policy." ... "The [Democratic President Obama's Treasury Secretary Tim] Geithner plan has now been leaked in detail. It’s exactly the plan that was widely analyzed — and found wanting — a couple of weeks ago. The zombie ideas have won." ... "In effect, Treasury will be creating — deliberately! — the functional equivalent of Texas S&Ls in the 1980s: financial operations with very little capital but lots of government-guaranteed liabilities. For the private investors, this is an open invitation to play heads I win, tails the taxpayers lose. So sure, these investors will be ready to pay high prices for toxic waste. After all, the stuff might be worth something; and if it isn’t, that’s someone else’s problem." ... "Or to put it another way, Treasury has decided that what we have is nothing but a confidence problem, which it proposes to cure by creating massive moral hazard." -By Paul Krugman/Blog -NYTimes
Government
-Economic
- Accounting
- Job
- History
- Politics
"The New Deal and right-wing revisionism." ... "The best regarded data excluding public-works employees traces a steady decline in joblessness through the first five years of the New Deal, from 25 percent when [Democratic President Franklin D. Roosevelt] FDR took office to 14.3 percent in 1937. Then, however, joblessness rose, hitting 19.1 percent in 1938 before dropping back to 14.6 percent in 1940 and 9.9 percent in 1941." ... "Include work-relief employees, and unemployment declined more steeply, falling to 9.2 percent in 1937. It then rose to 12.5 percent in 1938 before dropping back to 6 percent in 1941." ... "Why did Roosevelt's recovery falter?" ... "Unfortunately for conservatives, the evidence cuts against their conclusions. The rise in unemployment followed FDR's cutback in government spending in 1937. The resulting spike in unemployment prompted him to shift courses and expand spending again, whereupon unemployment again fell." ... "Gross Domestic Product tracks the same way, notes economist Dean Baker, who has matched the increase in federal spending during each Depression year with the following year's growth in GDP. A 23.7 percent increase in federal spending in 1933 was followed by a 10.8 percent increase in GDP in 1934, for example, while a 34.2 percent increase in 1934 was followed by an 8.9 percent GDP increase in 1935. But when FDR retrenched and spending fell by 10 percent in 1937, the next year's GDP shrank by 3.4 percent." ... "There's virtually no disagreement that World War II gave the country the strong final tug out of the Depression. Yet that reality also argues for the efficacy of Keynesian remedies; economically, the war constituted a huge government stimulus, financed by massive deficit spending." -By Scott Lehigh -BostonGlobe
 Journalism
- Economics
- Jobs
- History
"The death of the news: If reporting vanishes, the world will get darker and uglier. Subsidizing newspapers may be the only answer." ... "Journalism as we know it is in crisis. Daily newspapers are going out of business at an unprecedented rate, and the survivors are slashing their budgets. Thousands of reporters and editors have lost their jobs. No print publication is immune, including the mighty New York Times. As analyst Allan Mutter noted, 2008 was the worst year in history for newspaper publishers, with shares dropping a stunning 83 percent on average. Newspapers lost $64.5 billion in market value in 12 months." ... "But the real problem isn't that newspapers may be doomed." ... "As Nation columnist Eric Alterman recently argued, the real problem isn't the impending death of newspapers, but the impending death of news -- at least news as we know it." ... "What is really threatened by the decline of newspapers and the related rise of online media is reporting -- on-the-ground reporting by trained journalists who know the subject, have developed sources on all sides, strive for objectivity and are working with editors who check their facts, steer them in the right direction and are a further check against unwarranted assumptions, sloppy thinking and reporting, and conscious or unconscious bias." ... "If newspapers die, so does reporting. That's because the majority of reporting originates at newspapers. Online journalism is essentially parasitic. Like most TV news, it derives or follows up on stories that first appeared in print." ... "Currently there is no business model that makes online reporting financially viable." ... "There is no substitute for field reporting, in which a real live human being observes an event while it is happening and talks to other real, live human beings." ... "If field reporting dies out, the world will become a less known place." ... "Without reporting, dirty little wars would be invisible dirty little wars." (1, 2, 3) -By Gary Kamiya -Salon
 Health
Care -  Science
- Politics
- Economic
- Legislation
- History
-  Pill
- Advertising
"The Far Right's All Out Offensive Against Medical Research." ... "Opponents of fixing our broken health care system are at it again, attempting to use their same old scare tactics and falsehoods to kill a common-sense health care provision [in] the economic recovery package. Fortunately Congressional leaders have recognized these tactics for what they are and have wisely kept this provision in the legislation." ... "At issue is something called "Comparative Effectiveness Research" which basically means giving your doctor access to the latest research on what treatments and therapies work and which don't. This also helps doctors know which treatments are more expensive than others, and helps both patients and doctors decide if there is a cheaper treatment that is just as effective. As a doctor and the husband of a doctor, I know how important it is to have solid scientific research to make critical decisions for my patients." ... "When I was practicing medicine, having greater access to scientific evidenced-based research would have been truly helpful in guiding me to make the best medical decisions for my patients." ... "If an inexpensive pill that has been around a long time works substantially better than a brand new, highly-advertised and thus far more expensive pill - doctors should have that information at hand when we prescribe medications to our patients. When I do something for a patient, I want the scientific research that tells me its the best course for my patient. But the far right, led by people like Rush Limabaugh, hopes to somehow convince Americans that more and better research is a bad thing." ... "This claptrap is really about the far right laying the ground work for a far greater and more sustained attack on the Democrats' attempt to fix our health care system. As we move forward with the American people to finally fulfill the promise of Harry Truman, who over sixty years ago suggested that every American ought to have a reasonable health care plan, we will rely on the voters to remind the right wing that change is what we promised, and change is what we will deliver." -By Howard Dean -HuffingtonPost.com
Barack
Obama -  Social
Security - Political
- Economists
- Housing
- History
"The Economists Who Missed the Housing Bubble Are Coming After Your Social Security." ... "Word has it that [Democratic] President Obama intends to appoint a task force the week after next which will be charged with "reforming" Social Security. According to inside gossip, the task force will be led entirely by economists who were not able to see the $8 trillion housing bubble, the collapse of which is giving the country its sharpest downturn since the Great Depression." ... "This effort is bizarre for several reasons. First, the economy is sinking rapidly. While President Obama's stimulus package is a good first step towards counteracting the decline, there is probably not a single economists in the country who believes that is adequate to the task. President Obama would be advised to focus his attention on getting the economy back in order instead of attacking the country's most important social program." ... "The second reason why this task force is strange is that Social Security doesn't need reforming. According to the Congressional Budget Office [PDF], it can pay all scheduled benefits for the next 40 years with no changes whatsoever." ... "The third reason that this effort is pernicious is that this talk of reform is occurring with the baby boomers just as the cusp of retirement. Due to the reckless policies of the Rubin-Greenspan-[ Republican]Bush clique, this cohort has just seen their housing equity wiped out with the collapse of the housing bubble. Tens of millions of baby boomers who might have felt reasonably secure three years ago are now approaching retirement with little or no equity in their homes." ... "Similarly, if they had been fortunate enough to accumulate any substantial amount of savings in a 401(k) account, they just saw much of this wealth vanish with the plunge in the stock market." -By Dean Baker -CEPR.net
 Mitch
McConnell - Economic
- Emergency
- Jobs
- Accounting
- Politics
-  Opinion
-  People
- Social
Security - Government
-  Reference
-  Book
-  Kentucky
"Revisionists' blind view of New Deal." ... "[N]early eight decades after [Democratic President Franklin D. Roosevelt] FDR launched the New Deal, amid possibly the greatest economic emergency since the 1930s, it’s important to understand that the most sophisticated arguments seeking to demolish the New Deal are based on a misreading of the bulk of the historical evidence. University of California, Davis historian Eric Rauchway, the author of “The Great Depression & The New Deal: A Very Short Introduction,” dismantled Shlaes’ argument in a 2007 review in Slate. He showed how [right wing writer Amity] Shlaes had tried to diminish the nation’s economic growth during the 1930s using the narrow gauge of the Dow Jones Industrial Average as opposed to the gross domestic product." ... "Shlaes cited unemployment figures that excluded Americans who had New Deal-generated jobs, and she virtually ignored what Rauchway calls “the authoritative reference work Historical Statistics of the United States.” That reference book shows that during FDR’s first term, the real GDP grew by some 9 percent annually; and after the 1937-38 recession, the economy grew at an annual clip of 11 percent. By the fall of 1934, another New Deal historian, William E. Leuchtenburg, explains, “the ranks of the unemployed had been reduced by over 2 million and national income stood almost a quarter higher than in 1933.”" ... "The Shlaes-[ Kentucky Republican Senator Mitch] McConnell anti-New Deal critics tend to minimize the enduring contribution of laws such as the Wagner Act, which established workers’ rights to organize and bargain collectively, and the Social Security Act of 1935 that provided for unemployment as well as old-age insurance. They highlight, instead, the failure of the National Industrial Recovery Act to fuel economic growth, overlook the ways in which the New Deal alleviated people’s misery and rarely acknowledge that World War II lifted the economy and ultimately ended the Depression because the national government joined closely with the private sector to provide a massive stimulus in the form of federal wartime spending." ... "FDR’s New Deal had its share of failures, setbacks and problems. But to argue that it harmed the American people, “failed abysmally” (Shlaes’ words) to reduce unemployment, and retarded economic growth is to twist the historical evidence beyond all reasonable recognition. Such arguments are forms of revisionism that are misleading, polemical and riddled with distortions of the overwhelming facts at hand about the New Deal’s achievements as well as its real shortcomings. " -By Matthew Dallek -Politico.com
Home
- Prices
- Unemployment
"Home Prices in U.S. Slid 12% in Fourth Quarter, Most on Record." ... "Home prices dropped the most on record in the fourth quarter as foreclosures dragged down values and the recession pushed buyers out of the market." ... "The median price of a [United States] U.S. home declined 12 percent to $180,100 from a year earlier and sales of properties with mortgages in default accounted for 45 percent of all transactions, the Chicago-based National Association of Realtors said today. Prices declined in almost nine out of every 10 cities." ... "The worst U.S. housing slump since the Great Depression is deepening as foreclosures drain value from neighboring homes and the economic recession worsens. The number of Americans collecting unemployment benefits rose to a record 4.81 million in the last week of January as companies such as Caterpillar Inc. [Incorporated] and Home Depot Inc. slashed jobs. The U.S. lost 2.6 million jobs last year in the biggest workforce reduction since 1945." -By Kathleen M. Howley -Bloomberg
Barack
Obama - Working
-  Families
- Economic
- Government
- Accounting
- History
- Lawmakers
- Politics
"BIGGEST. TAX CUT. EVER." ... "A few weeks ago, when the House approved the economic stimulus bill without any Republican votes, David Weigel noted that he literally couldn't remember "a time when the entire Republican conference in either house voted against tax cuts."" ... "That's true, but let's go a little further. The compromise plan announced last night includes $282 billion in tax cuts over two years. With that in mind, Steven Waldman argues, persuasively, that when the vast majority of congressional Republicans oppose the package, they'll be voting against the biggest tax cut "in history."" "According to the Wall Street Journal, [Republican President] Bush's first two years of tax cuts amounted to $174 billion. A second batch in 2004 and 2005 cost $231. And those were thought to be bigger than the tax cuts offered by Reagan, Kennedy or others.""True. Waldman also notes that this is also an example of a liberal Democrat delivering early on a tax cut he promised during the campaign, a pledge "few Republican thought he'd keep."" ... "[Democratic President] Obama's tax cuts, meanwhile, are short-term refunds paid directly to working and middle class families (some of which Republicans have denounced as "welfare")." ... "As such, GOP [GOP=Grand Old Party=Republican] lawmakers are going to reject one of the largest, if not the largest, tax cut ever proposed by a president -- which just so happens to be targeted at the working and middle class families Obama vowed to look out for." -By Steve Benen -WashingtonMonthly.com
Financial
- Crisis
- Politics
-  Sports
-  Entertainment
- Marketing
-  Trip
- History
- Consumers
- Government
- Lawmakers
- Obama
- Nevada
-  New
York
"Unapologetic CEOs: What Did the Banks Do With Your Cash? Bank CEOs [Chief Executive Officer], With $125 Billion in Taxpayer Money in Hand, Testify and Defend Before Congress." ... "The heads of eight major banks that received $125 billion in taxpayer bailout funds were largely unapologetic for their role in helping to create the worst financial crisis since the Great Depression as they testified before Congress this morning." ... "The CEOs said they are trying to lend out more money and pledged to return to profit, be more transparent and repay taxpayers as soon as possible." ... "But for the most part, the CEOs in their prepared testimony shrugged off recent criticism about the high level of pay within their firms, the use of luxury jets and posh trips to Las Vegas or Monte Carlo [Monaco]." ... "Bank of America took heat recently for sponsoring a five-day carnival-like affair outside the Super Bowl. The event -- known as the "NFL experience" -- included 850,000 square feet of sports games and interactive entertainment attractions for football fans and was blanketed in Bank of America logos and marketing calls to sign up for football-themed banking products." ... "The eight financial firms received a combined total of $125 billion since October through the Troubled Asset Relief Program, commonly referred to as TARP." ... "Lawmakers have expressed outrage that the funds are not fulfilling their purpose of increasing the flow of credit to consumers. They point to a report released last month by the New York state comptroller that said Wall Street firms had handed out $18 billion in bonuses last year." ... "That news led [Democratic] President Obama to impose new restrictions on executive compensation for banks that receive money through the TARP in the future." ... "In the face of pressure from Washington, Citigroup recently scrapped plans to purchase a $50 million luxury jet." (1, 2, 3, 4) -By Matthew Jaffe and Scott Mayerowitz -ABCNEWS.com 
 Eric
Cantor - Language
- Politics
-  Video
- History
- Union
- Ad
-  Virginia
"Cantor’s Office Responds: Video Depicting AFSCME Members As Goons." ... "This isn’t going to make the big unions very happy. GOP [GOP=Grand Old Party=Republican Virginia Republican Representative and] House leader Eric Cantor’s office has come up with an intriguing response to the [American Federation of State, County and Municipal Employees] AFSCME ad bllitz targeting GOP leaders: Sending over a video that portrays AFSCME union members as 1970s-era goons." ... "Update: Brad Woodhouse, the head of Americans United for Change, which is also funding the initial ad hitting the GOP leadership, sends over a statement demanding that Cantor apologize." ... "Update II: Now AFSCME chief Gerald McEntee is blasting Cantor, too." ... "Update III: And now AFL-CIO president John Sweeney is hitting Cantor and demanding an apology." -By Greg Sargent -WhoRunsGov.com 
Barack
Obama - Money
- Politics
- Government
- Law
- History
- Peoples
- Jobs
"The Big Winners In Stimulus Compromise: The Upper-Middle Class." ... "When [Democratic] President Obama outlined on January 8 [2009] the rationale for the economic stimulus bill, "The American Recovery and Reinvestment Act," he clearly identified the men and women most in trouble:" "Nearly two million jobs have now been lost, and on Friday we are likely to learn that we lost more jobs last year than at any time since World War II. Just in the past year, another 2.8 million Americans who want and need full-time work have had to settle for part-time jobs.""The House-Senate compromise, however, cuts funds for extended health care coverage for the unemployed; cuts $30 billion in aid to state governments to prevent reductions in social services to the poor and out-of-work; and also cuts a special "Making Work Pay" tax holiday from $500 to $400 for an individual, and from $1,000 to $800 for a couple, for low-to-middle-income workers still hanging on to their jobs[.]" ... "Amid all the cutting, however, one group emerged unscathed: the upper-middle class, the not-quite-super-rich, but certainly not on the ropes. Most of these folks, in terms of income and employment, are what could be called the un-needy, a group clearly distinct from those Obama identified as the core target of the legislation. The "compromise" legislation includes $70 billion, or just under 10 percent of the whole package, to be used expressly to take care of these affluent people." ... "In fact, these lucky men and women make so much money that they fall into the ever-expanding grasp of the alternative minimum tax (AMT). The AMT was originally designed in 1969 to prevent the nation's millionaires and billionaires from using tax loopholes to pay zero income tax. That year, 155 very wealthy taxpayers paid no federal tax whatsoever. This year, if the law remains as it is currently crafted, the AMT would, through bracket creep, apply to as many as 25 million taxpayers, including those making in the $85,000 to $250,000 range, depending on how many deductions they claim (the more deductions, the more likely the AMT comes into play)." -By Thomas B. Edsall -HuffingtonPost.com
Science
-  Education
- Book
-Religious
- People
- Poll
"On Darwin’s Birthday, Only 4 in 10 Believe in Evolution: Belief drops to 24% among frequent church attenders." ... "On the eve of the 200th anniversary of Charles Darwin's birth, a new Gallup Poll shows that only 39% of Americans say they "believe in the theory of evolution," while a quarter say they do not believe in the theory, and another 36% don't have an opinion either way. These attitudes are strongly related to education and, to an even greater degree, religiosity." ... "Darwin's theory has been at the forefront of religious debate since he published On the Origin of Species 150 years ago. Even to this day, highly religious individuals claim that the theory of evolution contradicts the story of creation as outlined in the book of Genesis in the Bible." ... "Implications" ... "As Darwin is being lauded as one of the most important scientists in history on the 200th anniversary of his birth (on Feb. 12, 1809), it is perhaps dismaying to scientists who study and respect his work to see that well less than half of Americans today say they believe in the theory of evolution, and that just 55% can associate the man with his theory." ... "Naturally, some of this is because of educational differences. Americans who have lower levels of formal education are significantly less likely than others to be able to identity Darwin with his theory, and to have an opinion on it either way. Still, the evidence is clear that even to this day, Americans' religious beliefs are a significant predictor of their attitudes toward Darwin's theory. Those who attend church most often are the least likely to believe in evolution, and most likely to say they do not believe in it." -By Frank Newport -Gallup.com 
Federal
- Economic
- History
-  Ohio
"U.S. Rep. Austria [falsely] blames Depression on Roosevelt." ... "U.S. [United States Ohio Republican Representative] Rep. Steve Austria said he supports a scaled-down federal economic-stimulus proposal, but the Beavercreek Republican told The Dispatch editorial board that the huge influx of money into the economy could have a negative effect." ... ""When (President Franklin) Roosevelt did this, he put our country into a Great Depression," Austria said. "He tried to borrow and spend, he tried to use the Keynesian approach, and our country ended up in a Great Depression. That's just history."" ... "Most historians date the beginning of the Great Depression at or shortly after the stock-market crash of 1929; Roosevelt took office in 1933." -DispatchPolitics.com
Financial
- Crisis
- Government
- Accounting
- Politics
- History
- Author
- Texas
"Economist James Galbraith: Bailed-Out Banks Should Be Declared Insolvent." ... "With estimates of the cost of addressing the financial crisis exceeding $9.7 trillion, we speak with economist and University of Texas professor James Galbraith, author of [the book] The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too. Galbraith says rather than pouring billions into propping up troubled giant banks, the government should declare them insolvent." ...  Watch
-  ListenAMY
GOODMAN: "Professor Galbraith, are you for nationalizing banks?"
AMY
GOODMAN: "Professor Galbraith, I hate to ask you this last question
with just about thirty seconds to go, but it’s about the title of your
book and what it means, The Predator State."
Drug
- Investigation
- Federal
- Law
- History
- Texas
-  Calif
- New
York
"Sources tell SI Alex Rodriguez tested positive for steroids in 2003." ... "In 2003, when he won the American League home run title and the AL Most Valuable Player award as a shortstop for the Texas Rangers, Alex Rodriguez tested positive for two anabolic steroids, four sources have independently told Sports Illustrated." ... "Rodriguez's name appears on a list of 104 players who tested positive for performance-enhancing drugs in Major League Baseball's '03 survey testing, SI's sources say. As part of a joint agreement with the MLB Players Association, the testing was conducted to determine if it was necessary to impose mandatory random drug testing across the major leagues in 2004." ... "Though MLB's drug policy has expressly prohibited the use of steroids without a valid prescription since 1991, there were no penalties for a positive test in 2003. The results of that year's survey testing of 1,198 players were meant to be anonymous under the agreement between the commissioner's office and the players association. Rodriguez's testing information was found, however, after federal agents, armed with search warrants, seized the '03 test results from Comprehensive Drug Testing, Inc., of Long Beach, Calif. [California], one of two labs used by MLB in connection with that year's survey testing. The seizure took place in April 2004 as part of the government's investigation into 10 major league players linked to the BALCO scandal -- though Rodriguez himself has never been connected to BALCO." ... "Anticipating that the 33-year-old Rodriguez, who has 553 career home runs, could become the game's alltime home run king, the [New York] Yankees signed him in November 2007 to a 10-year, incentive-laden deal that could be worth as much as $305 million. Rodriguez is reportedly guaranteed $275 million and could receive a $6 million bonus each time he ties one of the four players at the top of the list: Willie Mays (660), Babe Ruth (714), Hank Aaron (755) and Barry Bonds (762), and an additional $6 million for passing Bonds." -By Selena Roberts and David Epstein -SI.com
 Nuclear
- Science
- Secrets
- Investigation
- Military
- Intelligence
- History
- Legal
-Politics
- Pakistan
-  Iran
- Libya
-  North
Korea - US
-  British
- Italian
- Switzerland
- 
- International
"Nuclear Scientist A.Q. Khan Is Freed From House Arrest." ... "Early yesterday, the Pakistani scientist at the center of one of history's worst nuclear scandals walked out of his Islamabad [Pakistan's capital] villa to declare his vindication after five years of house arrest. "The judgment, by the grace of God, is good," a smiling Abdul Qadeer Khan told a throng of reporters and TV crews." ... "Moments earlier, a Pakistani court had ordered the release of the metallurgist who had famously admitted selling nuclear secrets to Iran, Libya and North Korea. Through years of legal limbo, Khan, 72, had never been charged, and now he never will be. "The so-called A.Q. Khan affair is a closed chapter," a Pakistani government spokesman said." ... "Nearly five years after Khan's smuggling operation came to light, the international effort to prosecute its leaders is largely in shambles, yielding convictions of only a few minor participants and no significant prison time for any of them." ... "Khan's international network collapsed in 2003 after U.S. [United States], British and Italian officials halted a Libya-bound ship in the Mediterranean loaded with machine parts used to make enriched uranium." ... "That discovery was the culmination of more than a decade of secret investigation by the CIA [Central Intelligence Agency] and other agencies of the business dealings of Khan, one of Pakistan's best-known scientists and the father of the country's nuclear weapons program." ... "U.S. and U.N. [United Nations] investigators ultimately accused Khan of heading a sophisticated network of businesses and front companies that manufactured and sold components needed to make nuclear bombs. But while the factories and shipping offices were dismantled, Khan proved to be beyond Washington's reach. Pakistan's then-President Pervez Musharraf, confronted with evidence of Khan's deeds, persuaded the scientist to make a public confession but then officially pardoned him. Khan would remain under house arrest, but Pakistani officials refused to allow him to be questioned by U.S. officials or investigators of the International Atomic Energy Agency, the U.N. nuclear watchdog." ... "Efforts to prosecute alleged members of the network in Switzerland touched off a series of squabbles between Swiss and U.S. officials. Swiss prosecutors accused the [Republican President] Bush administration of withholding critical evidence needed to put three Swiss businessmen -- a father and two brothers who worked with Khan in the 1980s and 1990s -- behind bars." ... "Last month, one of the brothers confirmed in a Swiss television interview that he had been working undercover for the CIA, prompting the Swiss parliament to ask why Switzerland had not been informed about covert action inside its territory. " -By Joby Warrick -WashingtonPost
 John
McCain - Government
- Economic
- History
- Politics
-  AZ
"Krugman: How Can There Be Bipartisanship When GOP ‘Take Their Marching Orders From Rush Limbaugh?’" ... "Today on MSNBC, the Morning Joe team [featuring former Republican politician Joe Scarborough] — many of whom have been having a tough time with the facts of the economic recovery plan — hosted Nobel Prize-winning economist Paul Krugman to discuss the bill. Krugman began by emphasizing the severity of the current economic crisis. “This is not your father’s recession,” Krugman said. “This is your grandfather’s recession. This is something that is closer to what we went through in the 30s.”" ... "Krugman criticized opposition to the “pork” in the recovery plan, calling the obstruction “irresponsible” and “ludicrous.” He noted that it’s “a few billion dollars in a $900 billion plan. …They’re picking out small punctuation errors and saying ‘oh this whole thing is wrong.’” Krugman added, “This is the kind of situation where you try to build a bridge across an economic chasm and if you build half a bridge it doesn’t work.”" ... "Yesterday, the Senate defeated (but most Republicans voted in favor of) an alternative plan offered by [Arizona Republican Senator] Sen. John McCain (R-AZ [Republican-Arizona]) that centered mainly on massive tax cuts. Krugman called the plan “completely crazy” and an indication of a failure of bipartisanship:" "KRUGMAN: Look at what just happened, we had a proposal I think it was McCain’s proposal for an economic recovery package, his version of it which was all tax cuts, a complete, let’s do exactly what Bush did, have another round of Bush-style policies. After eight years which that didn’t work and we got 36 out of 41 Republican senators voting for that which is completely crazy. So how much bipartisan outreach can you have when 36 out of 41 republican senators take their marching orders from Rush Limbaugh?"[Watch it] "Later in the interview, Krugman advised President Obama to “disregard” the GOP’s [GOP=Grand Old Party=Republican] knee-jerk reaction to cut taxes. “At this point we have a Republican Party that, except for a few members, is committed to just doing more what we did during the last eight years. Obama has to disregard that.”" -By Ben Armbruster -ThinkProgress.org
Jobs
- Employer
- People
- History
"Job loss: Worst in 34 years: Employers slashed 598,000 more jobs in January as unemployment rate climbed to 7.6%." ... "Employers slashed another 598,000 jobs off of [United States] U.S. payrolls in January, taking the unemployment rate up to 7.6%, according to the latest government reading on the nation's battered labor market." ... "The latest job loss is the worst since December 1974, and brings job losses to 1.8 million in just the last three months, or half of the 3.6 million jobs that have been lost since the beginning of 2008." ... "The unemployment rate is now at its highest level since September, 1992." ... "Friday's report also showed that 2.6 million people have now been out of work for more than six months, the most long-term unemployed since 1983." ... "The so-called underemployment rate, which includes those who have stopped looking for work and people working only part-time that want full-time positions, climbed to 13.9% from 13.5% in December. That is the highest rate for this measure since the Labor Department first started tracking it in 1994." -CNN 
 China
- Drought
- Disaster
- History
-People
-  Food
-  Animals
-  Agriculture
- Land
"China suffering worst drought in 50 years." ... "China is suffering another natural disaster -- this time, the worst drought in half a century. The land is parched and the irrigation dams have dried up. Crops and livestock are dying." ... "China on Thursday raised the drought-emergency-alert level from orange to red and allocated an additional $44 million dollars on top of the $13 million in emergency aid already released." ... "Since November northern and central China has had little rain. Many places have not had rainfall for more than 100 days." ... "In the drought, more than 4.3 million residents face a shortage of drinking water, as do 2 million livestock." ... "The drought has hit 12 provinces, including the wheat-producing areas in Henan, Anhui, and Shandong provinces. Chinese media says the total area affected has reached 1,370 million hectares (3,385 million acres)." -By Jaime Florcruz -CNN
Barack
Obama -  Noteworthy
- Economic
- Crisis
- History
- People
- Families
- Jobs
- Homes
- Consumer
-  Energy
- Health
Care - Education
-  Internet
- Science
-  Transportation
-  Construction
- Government
- Legislation
- Politics
"The Action Americans Need." [By Democratic President Barack Obama] ... "By now, it's clear to everyone that we have inherited an economic crisis as deep and dire as any since the days of the Great Depression. Millions of jobs that Americans relied on just a year ago are gone; millions more of the nest eggs families worked so hard to build have vanished. People everywhere are worried about what tomorrow will bring." ... "What Americans expect from Washington is action that matches the urgency they feel in their daily lives -- action that's swift, bold and wise enough for us to climb out of this crisis." ... "Because each day we wait to begin the work of turning our economy around, more people lose their jobs, their savings and their homes. And if nothing is done, this recession might linger for years. Our economy will lose 5 million more jobs. Unemployment will approach double digits. Our nation will sink deeper into a crisis that, at some point, we may not be able to reverse." ... "That's why I feel such a sense of urgency about the recovery plan before Congress. With it, we will create or save more than 3 million jobs over the next two years, provide immediate tax relief to 95 percent of American workers, ignite spending by businesses and consumers alike, and take steps to strengthen our country for years to come." ... "This plan is more than a prescription for short-term spending -- it's a strategy for America's long-term growth and opportunity in areas such as renewable energy, health care and education. And it's a strategy that will be implemented with unprecedented transparency and accountability, so Americans know where their tax dollars are going and how they are being spent." ... "In recent days, there have been misguided criticisms of this plan that echo the failed theories that helped lead us into this crisis -- the notion that tax cuts alone will solve all our problems; that we can meet our enormous tests with half-steps and piecemeal measures; that we can ignore fundamental challenges such as energy independence and the high cost of health care and still expect our economy and our country to thrive." ... "I reject these theories, and so did the American people when they went to the polls in November and voted resoundingly for change. They know that we have tried it those ways for too long. And because we have, our health-care costs still rise faster than inflation. Our dependence on foreign oil still threatens our economy and our security. Our children still study in schools that put them at a disadvantage. We've seen the tragic consequences when our bridges crumble and our levees fail." ... "Every day, our economy gets sicker -- and the time for a remedy that puts Americans back to work, jump-starts our economy and invests in lasting growth is now." ... "Now is the time to protect health insurance for the more than 8 million Americans at risk of losing their coverage and to computerize the health-care records of every American within five years, saving billions of dollars and countless lives in the process." ... "Now is the time to save billions by making 2 million homes and 75 percent of federal buildings more energy-efficient, and to double our capacity to generate alternative sources of energy within three years." ... "Now is the time to give our children every advantage they need to compete by upgrading 10,000 schools with state-of-the-art classrooms, libraries and labs; by training our teachers in math and science; and by bringing the dream of a college education within reach for millions of Americans." ... "And now is the time to create the jobs that remake America for the 21st century by rebuilding aging roads, bridges and levees; designing a smart electrical grid; and connecting every corner of the country to the information superhighway." ... "These are the actions Americans expect us to take without delay. They're patient enough to know that our economic recovery will be measured in years, not months. But they have no patience for the same old partisan gridlock that stands in the way of action while our economy continues to slide." ... "So we have a choice to make. We can once again let Washington's bad habits stand in the way of progress. Or we can pull together and say that in America, our destiny isn't written for us but by us. We can place good ideas ahead of old ideological battles, and a sense of purpose above the same narrow partisanship. We can act boldly to turn crisis into opportunity and, together, write the next great chapter in our history and meet the test of our time." -By Barack Obama -WashingtonPost
Barack
Obama -  Judd
Gregg -Corporate
- Government
- Seniors
- Health
- People
- Accounting
- History
-  NH
"Gregg Voted to Kill Commerce Before He Agreed to Lead It." ... "[Democratic] President Obama’s new candidate to run the Commerce Department voted in favor of abolishing the agency as a member of the Budget Committee and on the Senate floor in 1995." ... "[New Hampshire Republican Senator] Sen. Judd Gregg , R-N.H. [Republican-New Hampshire], whose nomination was expected to be announced Tuesday, also worked in the Senate to trim the department’s budget as head of the Commerce-Justice-Science Appropriations Subcommittee." ... "The Senate version of the controversial measure envisioned spending cuts of more than $960 billion, almost half of it from Medicare and Medicaid. Democratic efforts to amend it were uniformly rebuked by a united GOP [GOP=Grand Old Party=Republican] majority on the Budget Committee." ... "Gregg also fought [Democratic] President Bill Clinton’s efforts to increase funding for the Commerce Department to administer the 2000 census. Indeed, Gregg’s commitment to basic functions of the department has been questioned at times." ... "“I guess if you can’t destroy it, go be in charge of it,” said a Senate Republican aide." -By Jonathan Allen -CQPolitics.com
Barack
Obama - Judd
Gregg -  Female
- Employees
- Pay
- Legislation
- Politics
- History- Race
- New
Hampshire
"Kudos to Congress for equal pay vote." ... "The Lilly Ledbetter case is pretty straightforward. Ledbetter, an employee of Goodyear Tire and Rubber for nearly 20 years, was paid significantly less than her male co-workers for doing the same job." ... "Ledbetter filed a lawsuit against Goodyear after someone left an anonymous note in her mailbox telling her about the disparity." ... "The case wended its way to the United States Supreme Court, which found that employers are protected from lawsuits over race or gender pay discrimination if the claims are based on decisions made by the employer 180 days ago or more." ... "Seeing the inherent injustice in the letter of the law, Congress passed the Lilly Ledbetter Equal Pay Act last week. The act, which represented [Democratic] President Barack Obama's first bill signing, changes the law to begin a new 180-day statute of limitations with every paycheck." ... "New Hampshire [Republican Senator] Sen. Judd Gregg, however, voted against it, saying that while all Americans deserve "equal and fair treatment at the workplace," the bill "is really a boon for trial lawyers which dramatically broadens their ability to file lawsuits, regardless of how frivolous or whether their clients even personally experienced discrimination."" ... "That's disappointing." ... "Anytime politicians want to stand up for corporate America by opposing legislation that protects workers, they play the frivolous lawsuit card." ... "Sure, there are egregious cases where wayward juries give people ridiculous amounts of money for doing something they should have known better not to do (although those cases are often later settled for less or overturned on appeal)." ... "However, this isn't such a case, and Sen. Gregg should be able to come up with a better rationale for voting to deny thousands of Americans the opportunity to pursue equal pay for equal work." -NashuaTelegraph.com
Criminal
- Home
- Financing
- Accounting
- Law
- Intelligence
- History
-  Terrorism
- Politics
"FBI saw mortgage fraud early." ... "The FBI [Federal Bureau of Investigation] was aware for years of "pervasive and growing" fraud in the mortgage industry that eventually contributed to America's financial meltdown, but did not take definitive action to stop it." ... ""It is clear that we had good intelligence on the mortgage-fraud schemes, the corrupt attorneys, the corrupt appraisers, the insider schemes," said a recently retired, high FBI official. Another retired top FBI official confirmed that such intelligence went back to 2002." ... "The problem, according to the two FBI retirees and several other current and former bureau colleagues, is that the bureau was stretched so thin that no one noticed when those lenders began packaging bad mortgages into bad securities." ... ""We knew that the mortgage-brokerage industry was corrupt," the first of the retired FBI officials told the Seattle P-I. "Where we would have gotten a sense of what was really going on was the point where the mortgage was sold knowing that it was a piece of dung and it would be turned into a security. But the agents with the expertise had been diverted to counterterrorism."" ... "Both retired FBI officials asserted that the [Republican President] Bush administration was thoroughly briefed on the mortgage fraud crisis and its potential to cascade out of control with devastating financial consequences, but made the decision not to give back to the FBI the agents it needed to address the problem. After the terrorist attacks of 2001, about 2,400 agents were reassigned to counterterrorism duties." ... "This mass reassignment was first chronicled by the Seattle P-I in the Terrorism Tradeoff, a series of investigative reports beginning in 2007 and stretching into 2008. That administration policy, the P-I reported, resulted in a dramatic plunge in FBI criminal investigations and referrals for prosecution. And recent data from Syracuse University researchers shows the problem has worsened." ... "Public statements by one high FBI executive shows that the bureau was well aware of the potentially devastating impact of rampant mortgage fraud at least five years ago. The executive ominously foretold the crisis in testimony before Congress." ... ""Based on various industry reports and FBI analysis, mortgage fraud is pervasive and growing," Chris Swecker, then assistant director of the criminal investigation division, said in October 2004 before the House subcommittee on housing and community opportunity." ... "Then Swecker made a chillingly accurate prediction of the coming mortgage meltdown and financial collapse:" ... ""The potential impact of mortgage fraud on financial institutions in the stock market is clear. If fraudulent practices become systemic within the mortgage industry and mortgage fraud is allowed to become unrestrained, it will ultimately place financial institutions at risk and have adverse effects on the stock market."" ... "Swecker went on to describe the scenario that ultimately wrecked financial havoc around the world: "Often mortgage loans sold in secondary markets are used by financial institutions as collateral for other investments. ... When loans sold in the secondary market default and have fraudulent or material misrepresentation ... these loans become a nonperforming asset, and in extreme fraud cases, the mortgage-backed security is worthless. Mortgage fraud losses adversely affect loan-loss reserves, profits, liquidity levels and capitalization ratios, ultimately affecting the soundness of the financial institution itself."" -By Paul Shukovsky with contributions by Daniel Lathrop -SeattlePI.NWsource
 Sweden
- Military
-Switzerland
- Politics
- US
- Media
- Entertainment
-
 "Alba
schools Fox’s O’Reilly in WW II history." ... "Jessica
Alba is setting the record straight: Sweden was neutral during World War
II." ... "Alba and Fox TV show host Bill O’Reilly traded punches last week
after the presidential inauguration. After Alba told a Fox reporter that
O’Reilly was “kind of an a-hole;” he retaliated by calling her a “pinhead”
for telling a reporter to “be Sweden about it,” assuming she meant Switzerland."
... "“I want to clear some things up that have been bothering me lately,”
Alba blogged on MySpace Celebrity. “Last week, Mr. Bill O'Reilly and some
really classy sites (i.e.TMZ) insinuated I was dumb by claiming Sweden
was a neutral country. I appreciate the fact that he is a news anchor and
that gossip sites are inundated with intelligent reporting, but seriously
people... it's so sad to me that you think the only neutral country during
WWII was Switzerland.”" ... "Although Switzerland is more frequently cited
as an example of neutrality, Sweden did indeed follow a policy of neutrality
during World War II. History point to Alba." -By Courtney
Hazlett -MSNBC
Economics
- History
- Federal
- Legislation
- Politics
"Congressional Budget Office compares downturn to Great Depression." ... "The nation's current recession is likely to be the longest since World War II, and by some measures could be the worst since the Great Depression, a new Congressional Budget Office forecast said Tuesday." ... "Without a major economic stimulus plan, "the shortfall in the nation's output relative to its potential would be the largest – in terms of both length and depth – since the Depression of the 1930s," said new CBO Director Douglas Elmendorf in testimony prepared for the House Budget Committee." ... "The nonpartisan CBO is highly regarded by both parties." ... ""It could also be the deepest recession during the postwar period in terms of the difference between actual and potential output," Elmendorf said. By his estimates, output over the next two years will average 6.8 percent below normal." -By David Lightman -McClatchyDC.com
Dick
Cheney - Secret
-  Satellite
- Map
- Image
- Government
- Home
- Political
- History
"Cheney's Veil Lifted on Vice President's Residence." ... "Hope and change has come to Google Maps. The official residence of the vice president, obscured until [Republican President] Dick Cheney's last days in office and residence, now shines in satellite sunlight." ... "A reader tipped us off that Google Maps now showed a clear overhead image of One Observatory Circle ... , the address which has served as the home of the vice president since 1974. It's the first glimpse Google users have gotten of the place." ... "Could there be a better visual metaphor for the change of administration? The old one hid behind blurry pixels. The new one welcomes a close look." -By Owen Thomas -Gawker.com
 John
Boehner
- Government
- Economic
- Legislation
- Politics
- History
- Poor
- Family
- Women's
- Medical
- Abortion
-  AL.
-  FL
-  MS
-  SC
- CA
-  LA
-  MN
-  RI
-  MO
- Ohio
-  Wisconsin
"Republicans Irate Over Expansion of Republican-Approved Program." ... "[T]he family-planning program that [California Democratic Representative and House Speaker Nancy] Pelosi supports expanding in the stimulus bill was created in 1972 under the leadership of Republican president Richard Nixon." ... "What's being proposed is an expansion in the number of states that can use Medicaid money, with a federal match, to help low-income women prevent unwanted pregnancies. Of the 26 states that already have Medicaid waivers for family planning, eight are led by Republican governors (AL [Alabama], FL [Florida], MS [Mississippi], SC [South Carolina], CA [California], LA [Louisiana], MN [Minnesota] and RI [Rhode Island] -- a ninth, MO [Missouri], had a GOP [GOP=Grand Old Party=Republican] governor until this past November). If this policy is truly a taxpayer gift to "the abortion industry," as [Ohio Republican Representative] John Boehner and House Republicans claim, where are the GOP governors promising to end the program in their states?" ... "Additionally, the process of obtaining a waiver for Medicaid family-planning coverage is extremely cumbersome. A letter written by Wisconsin health regulators in 2007 noted that some states have had to wait for as long as two years before their request was approved. The Congressional Budget Office has estimated that eliminating the waiver requirement would save states $400 million over 10 years." -By Elana Schor -TPMDC .TalkingPointsMemo
 Auto
-  Manufacturing
- Business
- History
-  Michigan
- US
-  Japan
- Global
"GM loses global sales crown after 77 years." ... "[United States] General Motors Corp reported an 11 percent drop in global sales in 2008, allowing rival [Japan] Toyota Motor Corp to surpass it as the world's largest automaker for the first time." ... "GM [General Motors], now struggling to restructure under a $13.4 billion U.S. [United States] government bailout, had held the title as the global auto industry leader for 77 years and used the line in marketing." ... "But for 2008, Detroit[ Michigan]-based GM said sales tumbled to 8.35 million vehicles, pressured by tightening credit and a slowdown that began in the United States and spread to emerging markets where GM has been stronger." ... "GM, which faces an end-March deadline to demonstrate to U.S. officials that it can be made viable, has a market capitalization of just under $2 billion." ... "Toyota has a market value of about $117 billion." (1, 2) -By Kevin Krolicki with contributions by Poornima Gupta, Soyoung Kim, Maureen Bavdek and Matthew Lewis -Reuters 
Barack
Obama - US
- China
- Language
- Politics
- History
"China censors parts of inaugural speech." ... "The offending line [to Chinese censors listening to United States Democratic President Barack Obama's inauguration speech] was this: "Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions."" ... "Later, the president said: "To those who cling to power through corruption and deceit and the silencing of dissent, know that you are on the wrong side of history, but that we will extend a hand if you are willing to unclench your fist."" ... "Chinese translations of the speech published Wednesday omitted that line and the earlier one on communism. The government, however, has allowed the full English text to be published." -By Edward Wong -IHT.com
Barack
Obama -  John
Roberts - Politics
- Religion
- Race
- Civil
Rights - Justice
"Barack Hussein Obama: 44th president of the United States: Inauguration 2009." ... "A BIBLE WITH SIGNIFICANCE." ... "[Democratic President Elect] Barack Obama laid his hand on a Bible used in [Republican President Elect] Abraham Lincoln’s 1861 inauguration. The chief justice in 1861 was Roger Brooke Taney, author of the Dred Scott decision barring blacks from citizenship." ... "In his inaugural speech, Barack Obama said, “Forty-four Americans have now taken the presidential oath.” There have been only 43 different men serve as president; [Democratic President] Grover Cleveland served two non-consecutive terms." ... "At 47, Barack Obama is the nation’s fifth-youngest president. The youngest was [Republican President] Theodore Roosevelt (42), followed by [Democratic President] John F. Kennedy (43), [Democratic President] Bill Clinton (46) and [Republican President] Ulysses S. Grant (46)." ... "Barack Obama was one of 22 Senate Democrats to vote against Chief Justice John Roberts’ confirmation in 2005, so this was the first time a justice has sworn in a president who voted against him." -AJC
Corporate
- Government
- Accounting
- Politics
- History
- Military
- Reconstruction
- Gas
-  Alberto
Gonzales - Torture
- Law
- Intelligence
- Pat
Tillman - US
- Afghanistan
- Guantánamo
-  Iraq
"Eight Years of Madoffs." ... "Three days after the world learned that $50 billion may have disappeared in Bernie Madoff’s Ponzi scheme, The Times led its front page of [2008 December] Dec. 14 with the revelation of another $50 billion rip-off. This time the vanished loot belonged to American taxpayers. That was our collective contribution to the $117 billion spent (as of mid-2008) on Iraq reconstruction — a sinkhole of corruption, cronyism, incompetence and outright theft that epitomized [Republican President] Bush management at home and abroad." ... "The source for this news was a near-final draft of an as-yet-unpublished 513-page federal history of this nation-building fiasco. The document was assembled by the Office of the Special Inspector General for Iraq Reconstruction — led by a Bush appointee, no less. It pinpoints, among other transgressions, a governmental Ponzi scheme concocted to bamboozle Americans into believing they were accruing steady dividends on their investment in a “new” Iraq." ... "The report quotes no less an authority than Colin Powell on how the scam worked. Back in 2003, Powell said, the Defense Department just “kept inventing numbers of Iraqi security forces — the number would jump 20,000 a week! ‘We now have 80,000, we now have 100,000, we now have 120,000.’ ” Those of us who questioned these astonishing numbers were dismissed as fools, much like those who begged in vain to get the Securities and Exchange Commission to challenge Madoff’s math." ... "What’s most remarkable about the Times article, however, is how little stir it caused. When, in 1971, The Times got its hands on the Pentagon Papers, the internal federal history of the Vietnam disaster, the revelations caused a national uproar. But after eight years of battering by Bush, the nation has been rendered half-catatonic. The Iraq Pentagon Papers sank with barely a trace." ... "After all, next to big-ticket administration horrors like Abu Ghraib, Guantánamo and the politicized hiring and firing at Alberto Gonzales’s Justice Department, the wreckage of Iraq reconstruction is what Ralph Kramden of “The Honeymooners” would dismiss as “a mere bag of shells.” The $50 billion also pales next to other sums that remain unaccounted for in the Bush era, from the $345 billion in lost tax revenue due to unpoliced offshore corporate tax havens to the far-from-transparent disposition of some $350 billion in Wall Street bailout money. In the old Pat Moynihan phrase, the Bush years have “defined deviancy down” in terms of how low a standard of ethical behavior we now tolerate as the norm from public officials." ... "Not even a good old-fashioned sex scandal could get our outrage going again. Indeed, a juicy one erupted last year in the Interior Department, where the inspector general found that officials “had used cocaine and marijuana, and had sexual relationships with oil and gas company representatives." ... "Back in the day, an oil-fueled scandal in that one department alone could mesmerize a nation and earn [Republican President] Warren Harding a permanent ranking among our all-time worst presidents. But while the scandals at Bush’s Interior resemble Teapot Dome — and also encompass millions of dollars in lost federal oil and gas royalties — they barely registered beyond the Beltway. Even late-night comics yawned when The Washington Post administered a coup de grâce last week, reporting that Interior Secretary Dirk Kempthorne spent $235,000 from taxpayers to redo his office bathroom (monogrammed towels included)." ... "It took 110 pages for the Center for Public Integrity, a nonpartisan research organization, to compile the CliffsNotes inventory of the Bush wreckage last month. It found “125 systematic failures across the breadth of the federal government.” That accounting is conservative. There are still too many unanswered questions. " ... "Just a short list is staggering. Who put that bogus “uranium from Africa” into the crucial prewar State of the Union address after the C.I.A. [Central Intelligence Agency] removed it from previous Bush speeches? How high up were the authorities who ordered and condoned torture and then let the “rotten apples” at the bottom of the military heap take the fall? Who orchestrated the Pentagon’s elaborate P.R. [Public Relations] efforts to cover up Pat Tillman’s death by “friendly fire” in Afghanistan? " -By Frank Rich -NYTimes |
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Judd
Gregg - Corporate
- Accounting
- Politics
-Federal
- History
- New
Hampshire
"The Curious Capitalist: Judd Gregg’s dubious tax math: Republican New Hampshire Senator Judd Gregg (or one of his staffers) writes:"-By Brad DeLong"The growth in tax revenues from 2002 through 2007 were some of the largest in history. The tax system became much more progressive, with the top 20% of income earners paying 85% of the taxes -- a rate much higher than during the Clinton years -- all while keeping capital-gains rates low.""I'll blame the WSJ [Wall Street Journal] opinion editors for the verb-subject disagreement in the first sentence. But I'm assuming the facts came from Gregg. Except they're not quite facts—and since this sort of tax disinformation is pretty common, I couldn't resist wasting an hour digging up the data to refute them.""Non-fact No. 1: The tax revenue gains from 2002 through 2007 weren't "some of the largest in history," unless you define "some" extremely broadly. Adjusted for inflation, [United States] U.S. government revenue rose 20% from 2002 to 2007. That ranks 24th among the 58 rolling five-year periods between the end of World War II and 2007. Just barely above average.... Over the full eight years of the [Republican President] Bush administration, it appears likely that federal revenue growth will be just about zero. Over the eight [Democratic President] Clinton years it was 58%."
"Non-fact No. 2: The percentage of federal taxes paid by the top 20% of the income distribution in 2005 (the most recent year covered by the Congressional Budget Office's annual examination of tax rates and the income distribution) was 69%. The percentage of federal income taxes was 86%...."
"The cuts in tax rates on capital gains and dividends during the Bush years accentuated this kink, so on the whole a fair-minded observer would have to say the tax system became somewhat less progressive. Which isn't what Judd Gregg said."
[-By Justin Fox -TIME.com]
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