The blockbuster revelations in Big Peace editor Peter Schweizer’s Throw Them All Out about Congressional insider trading have prompted vigorous calls for reform from various lawmakers. First, Texas governor and presidential candidate Rick Perry spoke out against the now-legal practice
From National Journal: Here’s a telling sign of how much President Obama’s fortunes have changed since 2008 — a leading Democratic Congressional recruit is now attacking aRepublican congressman for supporting the president. Former Ohio Democratic congressman Charlie Wilson, who was
The OccupyLA camp left behind more than 30 tons of trash. Classy.
From the The Telegraph (UK): The Bank of England and central banks in the United States, eurozone, Japan, Switzerland and Canada have launched co-ordinated global action to ease a growing credit crisis among eurozone banks. “The purpose of these actions
From the Associated Press: More than 1,400 police officers, some in riot gear, cleared the Occupy Los Angeles camp early Wednesday, driving protesters from a park around City Hall and arresting more than 200 who defied orders to leave. Similar
There is almost no way the Euro can survive. What is unknown is how bad the consequences will be.
From the Desert News: With the release of a new book, ongoing protests and recent reports about Congressional insider trading and stimulus corruption, the phrase “crony capitalism” is getting noticed. When Occupy Memphis members met with tea party members on
From the Associated Press: Herman Cain told aides Tuesday he is assessing whether the latest allegations of inappropriate sexual behavior against him “create too much of a cloud” for his Republican presidential candidacy to go forward. Acknowledging the “firestorm” arising
From BloombergNews: On the morning of July 21, before the Eton Park meeting, Paulson had spoken to New York Times reporters and editors, according to his Treasury Department schedule. A Times article the next day said the Federal Reserve and
Today, in 1972, Atari released Pong video game, the first commercially successful video game. Yes, we actually played it at the time. How lame are we?
From The Hill: Supercommittee member Sen. Pat Toomey (R-Pa.) accused Democrats on Monday of torpedoing the deficit supercommittee because a success would have “stepped on” President Obama’s campaign narrative. Speaking Monday on CNBC’s “Squawk Box,” Toomey said there’s “something to”
After almost a year of litigation, Bloomberg finally won access to information detailing the full scope of the Fed’s bailout of the banks. The chart below, detailing the daily amounts MorganStanley was borrowing from the Fed, relative to its market
WASHINGTON (AP) – Democratic Rep. Barney Frank of Massachusetts is expected to announce his retirement from Congress on Monday, closing out a career of more than three decades capped by passage last year of legislation imposing new regulations on Wall
From BloombergNews: The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing. The
LOS ANGELES (AP) – Police have arrested three people after ordering Occupy Los Angeles protesters to leave a downtown intersection. The arrests came after hundreds of people gathered in the street after a deadline passed to vacate a City Hall
From Daily Mail (UK): An 18-year-old high school senior was scolded by her principal after she criticised her state governor in a tweet. Emma Sullivan, of Fairway, Kansas, was reprimanded by the head of The Shawnee Mission East High School.
Today, in 1943, FDR, Churchill and Stalin met at a conference in Tehran to plan strategy at the height of WWII.
LOS ANGELES (AP) – Hundreds of Occupy Los Angeles protesters showed no sign they planned to move Sunday ahead of a city-imposed midnight deadline to abandon their encampment, saying they would instead hold an “eviction block party.” Although city officials
From BusinessInsider: Sen. Chuck Schumer (D-NY) said Senate Democrats will put forward a plan to extend the payroll tax cut into 2012 this week paid for by a surtax on those with incomes greater than $1 million. The tax cut
From the Manchester Union-Leader: America is at a crucial crossroads. It is not going to be enough to merely replace Barack Obama next year. We are in critical need of the innovative, forward-looking strategy and positive leadership that Gingrich has
Just when everyone had made peace with the NBA lock-out, the owners and players have announced a tentative deal to begin the season on Christmas Day.
From The Hill: Politically vulnerable lawmakers are lining up as co-sponsors of legislation that would ban congressional insider trading. A “60 minutes” report earlier this month indicated that members of Congress have been trading stocks based on knowledge gained from
Today, in 1842, the University of Notre Dame was founded. Our thoughts turn to Grandpa JJ who played for Knute Rockne. Cheers!
Today, oddly, is the biggest shopping day of the year. Yeah, we don’t understand it either.
By the President of the United States of America. A Proclamation. The year that is drawing towards its close, has been filled with the blessings of fruitful fields and healthful skies. To these bounties, which are so constantly enjoyed that
