Archive for March, 2012
The Republican Presidential primary race is a joke, and Barack Obama will have four more years to continue to radically reshape the United States. Mitt Romney campaign adviser Eric Fehrnstrom summed up why Republicans are poised to lose: The guy who will most likely be the GOP’s choice in the general election has the conviction of an Etch A Sketch.
Several hires by Vice President Joe Biden is causing some Washington insiders to wonder whether he is considering a Presidential bid in 2016. Biden, who sought the Democratic Presidential nod in 1988 and 2008, would be 73 in 2016.
The Los Angeles City Council is considering a resolution that would condemn certain types of speech on public airwaves. The resolution drew attention to uproar over comments by KFI-AM talk show hosts who called late pop singer Whitney Houston a “crack ho” soon after she died.
The value of the goods we buy every day hasn’t changed. The reason things cost 10 or 20 or 50 times more than they used to isn’t that they are that much more valuable today. It’s that our measuring stick, the U.S. dollar, is worth so much less.
WASHINGTON (UPI) — U.S. Treasury Secretary Timothy Geithner said Wednesday there were no plans to increase U.S. aid to the International Monetary Fund. In a prepared text presented to the House Financial Services Committee, Geithner said the European economy was critical and its troubles had wide-ranging implications. However, “We have no intention to seek additional […]
WASHINGTON (UPI) — Average long-term U.S. mortgage rates topped 4 percent for the first time in months in the week ending Thursday, the Federal Home Loan Mortgage Corp. said. Rates for 30-year contracts rose from 3.92 percent to 4.08 percent with 0.8 point for the week. A year earlier, 30-year mortgage rates averaged 3.92 percent. […]
LONDON (UPI) — The U.S. Labor Department said first-time jobless claims fell 5,000 in the week ended Saturday to 348,000, pushing the four-week rolling average to 355,000. Last week’s drop followed a decrease of 14,000 the preceding week. The four-week rolling average decreased 1,250 from the previous week’s 356,250, Labor said. The biggest increases in […]
DETROIT (UPI) — A team of financial advisers in Michigan deemed the city of Detroit in serious financial straits but said it would hold off on an outright state takeover. The state-appointed team reviewing the city’s finances said Detroit was in a “severe financial emergency,” The Detroit News reported Thursday. Michigan’s laws allow the state […]
SAN DIEGO (UPI) — A judgment in California concerning scanning errors at Walmart Stores has been extended and revamped, court papers say. San Diego, Calif., Superior Court Judge Jeffrey Barton agreed with prosecutors who charged Walmart Stores Inc., with failing to follow through on a 2008 judgment that also involved overcharging customers. Barton ordered an […]