Archive for April, 2010

“Protest organizers said on Wednesday outrage over the Arizona law — which seeks to drive illegal immigrants out of the state bordering Mexico — has galvanized Latinos and would translate into a higher turnout for May Day rallies in more than 70 U.S. cities.”… This article forgets to mention labor unions.  If you look... »

“The legislation would require derivatives – previously unregulated exotic securities – to be traded in open exchanges and cleared through a third party that would guarantee the contracts. An agreement Monday between Dodd and Agriculture Committee Chairwoman Blanche Lincoln, D-Ark., would exempt existing derivatives from the clearing requirements.”… Third party means another Fannie Mae... »

“But the unemployment rate – it may be the most recognizable economic indicator – has held steady at 9.7 percent for the past three months, and 15 million Americans remain out of work. By the White House’s own estimates, as well as those of many independent economists, that rate isn’t expected to fluctuate more... »

“While Schumer’s office won’t say how much money the event raised for Reid, cash poured in from a number of developers and real estate types. The event came just hours before a procedural vote on a plan to rewrite the rules for Wall Street, but Reid’s office stressed that the donors who turned out... »

Reid also spoke about the determination that went into health care reform. “The most important thing we’ve done for the country and the world is health care,” he said. Reid said that the 24,000 small businesses in Nevada will benefit from affordable health care and that funds will be made available nationally to train 20,000 health... »

“If we are to effectively regulate the derivatives market, we must start the Senate floor debate with the strongest proposal we can craft and defend against the inevitable attempts to weaken it,” Snowe told Senate Majority Leader Harry Reid in a letter dated on Friday.”… AND IF YOU ARE NOT TO REGULATE?….US Senate Republican... »

“In the US right now there’s an absolute paranoia about a future bail-out,” said Douglas Elliott, fellow at the Brookings Institution think-tank. “In Germany and France, where they haven’t had to do this to the same extent and there’s more of a feeling that the state should be involved in the banking system, they’re... »

“Boy troubles aren’t limited to the U.S., and Whitmire’s quest for solutions led him to Australia, where political correctness hasn’t kept educators from admitting and addressing the problem, though they have yet to fully fix it. In just one year, a grammar school there was able to close the gender imbalance among its best... »

“Many district officials and other bureaucrats don't believe that certain costs – health and retirement benefits, building and equipment costs, transportation expenses and debt payments – ought to be counted in the annual per-student figure. They have therefore devised a formula they call “current expenditures” that leaves out those very real and very expensive... »

“Remember, the Garn-St. Germain Act was passed in the 1980s so the savings and loans industry could be “saved.” Instead, the entire industry failed. The Obama Administration regulatory proposals for commercial and investment banks use a similar strategy: “Give the Fed more power.”… Wow!  Caveat Lector!  Beware if you read this article you might... »