Archive for June, 2011
Firefighters in New Mexico recently battled wildfires that threatened a government nuclear facility in Los Alamos.
On June 7, 1776, the Continental Congress met at Philadelphia and received Richard Henry Lee’s resolution urging a declaration of independence from English rule. Five days later, Thomas Jefferson, John Adams, Benjamin Franklin, Roger Sherman and Robert R. Livingston were appointed to a committee to draft a declaration.
I speak Spanish. Well, I speak high-school-distracted-by-the-hot-chick-in-front-of-me-in-class Spanish. As the Democratic-led U.S. Senate again tries to push through the amnesty-for-illegal-aliens DREAM Act, more and more often I’m noticing a sizable number of people who struggle with English the way I struggle with Spanish.
Goldman Sachs is cutting jobs in the United States so it can expand in Singapore. The company, which received $10 billion in preferred stock purchases from the Federal government under the Troubled Asset Relief Program, alerted Washington to the move first, in order to avoid controversy.
Representative Michele Bachmann (R-Minn.) said those warning of economic disaster if the debt ceiling is not raised are using “scare tactics.”
Recently, Speaker of the House John Boehner played golf with President Barack Obama. In and of itself, a little time on the links is hard to criticize. But Boehner has been playing a lot more than golf with Obama; and instead of a foursome, he’s been playing in a huge scramble with the Democrats.
Bank of America Corp. may soon agree to pay an $8.5 billion settlement to investors who lost money in the housing collapse, which would be the largest such settlement by a financial-services firm to date. “A settlement would end a nine-month fight with a group of 22 investors who hold mortgage-backed securities originally valued at $105 billion, including the giant money manager BlackRock Inc., the insurer MetLife Inc. and the Federal Reserve Bank of New York,” The Wall Street Journal reported.
On Wednesday, President Barack Obama gave his first press conference since March, speaking from the East Room of the White House. Lasting just over an hour, the press conference’s question-and-answer session covered a wide range of topics, but seemed to focus on criticizing Congress. Speaking initially about the economy, the President discussed currently stalled bills that he believes Congress should pass, including bills on patent reform, funding for construction jobs, trade agreement reform and extending payroll tax cuts.
Treasury Secretary Timothy Geithner said the Federal Government could, through various accounting maneuvers, avoid going into default after the United States breached its current debt limit of $14.3 trillion in May. However, he said the accounting hoodoo could work only until Aug. 2 at the latest, and he urged lawmakers to vote to extend the debt limit as soon as possible.
On Wednesday, the 6th Circuit Court of Appeals upheld the Affordable Care Act’s mandate that nearly all individuals must buy health insurance. The three-Judge panel, which included two Republican nominees, ruled 2-1 in favor of the law’s Constitutionality.