Late Saturday evening, a source from the White House said the Speaker of the House John Boehner had put tax rate hikes on the table in fiscal cliff negotiations. The White House promptly rejected the offer, since Boehner also wanted
KANDAHAR, Afghanistan (Reuters) – A suicide bomber killed one American service member and wounded three other U.S. troops outside a base in southern Afghanistan on Thursday shortly after a visit there by U.S. Defense Secretary Leon Panetta, officials said. Panetta
An eye-opening report contends that an 18-member group made up of the world’s most powerful central bankers–five of whom hail from the Massachusetts Institute of Technology (MIT)–conducts six meetings a year to fashion a “high-stakes experiment” to avert global economic
One of President Obama’s campaign pledges in 2008 was to end childhood hunger in America by 2015. In order to meet that goal, a group of organizations (such as the NEA and the National Association of Elementary School Principals) formed
In an unprecedented and surprising move, the Federal Reserve announced on Wednesday that it will keep interest rates near zero and will purchase $85 billion in bonds every month until unemployment falls from its present 7.7% to 6.5%. The new
(AP) Fed expected to revamp bond buying programBy MARTIN CRUTSINGERAP Economics WriterWASHINGTONThe Federal Reserve is wrapping up 2012 the way it began the year, searching for ways to help a U.S. economy that is still struggling with high unemployment and
Rep. Tim Huelskamp (R-KS), a victim of Speaker John Boehner’s purge of conservatives from leadership positions in the House, said there’s definitely a possibility, depending on what happens during these fiscal cliff negotiations, that enough conservative members of the House
Sen. Lindsey Graham (R-S.C.) blasted Barack Obama on Monday, suggesting he focus on real solutions to dealing with the huge national deficit instead of pursuing a progressive big government agenda. You just got reelected. How about doing something big that
With 21 days to go before America zooms over the “fiscal cliff,” erasing the Bush tax cuts and slashing military spending, the one glowing question mark remains how the stock market will react. “The truth is that we don’t know
The Treasury Department announced on Monday that it would unload its remaining shares of American International Group (AIG), the infamous insurance giant that received $182 billion in bailout money from the Troubled Asset Relief Program (TARP). As part of the
Egyptian President Mohamed Morsi declared massive tax increases but then repealed them due to overwhelming backlash from the public within a 24-hour period. Late Friday, new taxes were introduced for soda, cigarettes, beer, advertisements, real estate, and a host of
Russia does not want to see Syria turned into a second Libya, where the U.S. and NATO step in on one side of the conflict and decide winners and losers. Rather, Russia believes Syria should decide it’s own fate. Russian
(Reuters) – At the end of another lavishly-funded U.N. conference that yielded no progress on curbing greenhouse emissions, many of those most concerned about climate change are close to despair. As thousands of delegates checked out of their air-conditioned hotel
This morning’s key headlines from GenerationalDynamics.com Venezuelan women openly weep as Hugo Chávez faces malignant cancer Latest climate charge conference is an even greater farce than previous ones Reviewing the ‘Climate Change’ issue Arab League votes $100 million per month
(AP) NEW YORKBankrupt battery maker A123 Systems Inc. says it will sell most of its assets to the U.S. arm of Chinese auto parts conglomerate Wanxiang Group Corp. for $256.6 million. Chicago-based Wanxiang America Corp. won an auction conducted under the
A Chinese company has won an auction for an American electric car battery company partly financed with a $249 million taxpayer-funded government grant. Last week, Wanxiang, one of China’s largest non-government-owned businesses, won the auction for failed battery maker A123
Hundreds of same-sex couples will wed in Washington state on Sunday. The state’s new same-sex marriage law went into effect on Thursday, but the state requires a three-day waiting period for anyone applying for a marriage license. To celebrate the occasion,
By JON GAMBRELLAssociated PressJOHANNESBURGSouth Africa’s former President Nelson Mandela was admitted to a military hospital Saturday for medical tests, though the nation’s president told the public there was “no cause for alarm” over the 94-year-old icon’s health. The statement issued
AMMAN (Reuters) – Syrian rebel groups have chosen Brigadier Selim Idris, a former officer from President Bashar al-Assad’s army who defected, to head a new unified military command dominated by Islamists, opposition sources said on Saturday. Read the rest of
California State Controller John Chiang has announced that total state revenue for the month of November 2012 fell $806.8 million, or 10.8%, below budget. Democrats thought they could hammer “the rich” by convincing voters to pass Proposition 30 to create
The Supreme Court of the United States announced Friday it would decide two cases involving same-sex marriage and the Defense of Marriage Act (DOMA). By next July, the Court will rule on the government’s role in marriage both in the
In a speech delivered in New York City on Thursday, former Vice President Al Gore criticized President Obama for his failure to push policies designed to address what Gore considers to be a man-made global warming crisis. “We cannot have four
While the media celebrates artificially inflated job creation numbers and an artificially deflated unemployment rate, out here in the real world, pessimism reigns supreme those who create a majority of our private sector jobs. According to Gallup, not since November
While the media pants with exhilaration over a dip in the unemployment level that was created by over a half-million people giving up and dropping out of the workforce, a deep-dive into the employment numbers also reveals that it’s mainly
Friday saw the release of the November jobs numbers from the Bureau of Labor Statistics. The news is that Hurricane Sandy did not affect hiring. 146,000 jobs were created and the unemployment rate edged down to 7.7%, the lowest rate
