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How to Listen for Racism on the Campaign Trail: Jeffrey Goldberg

Tue, 31 Jan 2012 00:05:00 -0800

Bloomberg - By Jeffrey Goldberg, Bloomberg - Jan. 31 - Jeffrey Goldberg, a national correspondent for the Atlantic, is the author of "Prisoners: A Story of Friendship and Terror." He was formerly a Washington correspondent and a Middle East correspondent for the New Yorker. Here are some things you could lea

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North Korea’s “Dear Leader” Has Died at Age 70 | Politisite

Sun, 18 Dec 2011 00:00:00 -0800

Iron Mill News Service - By Karl Gotthardt - Dec. 18 (News) - North Koreas leader Kim Jong Il has died. As a result the South Korean military has declared an emergency. With his death it is unknown what direction North Korea will take. Kim Jong Il according to North Korean State media died of fatigue on a train ride on Saturday and it is Monday now in North Korea. The cause of death is reportedly a heart attack. His funeral according to the North Korean News agency has been scheduled for December 28th.

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Expanded Visa Law Would Give U.S. World’s Tired, Poor Technologists: View

Thu, 01 Dec 2011 00:13:00 -0800

Bloomberg - Dec. 01 - Congress works. Or so it seemed for a day this week when the House of Representatives voted 389 to 15 to ease restrictions on the entry of highly skilled immigrants to the U.S. The Fairness for High-Skilled Immigrants Act of 2011 was sponsored by conser

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How Paulson Gave Hedge Funds Advance Word -

Tue, 29 Nov 2011 00:00:00 -0800

Bloomberg - By Richard Teitelbaum - Nov. 29 (News Report) - Treasury Secretary Henry Paulson on July 21, 2008 gave 'inside information' to a hall full of Fund managers. "The managers attending the meeting were thus given a choice opportunity to trade on that information. " Paulson, Bush, McCain, Obama, Bernanke, Dodd, Frank are all criminals in causing and exploiting the banking crisis. All should be in prison.

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Secret Fed Loans Undisclosed to Congress Gave Banks $13 Billion in Income

Sun, 27 Nov 2011 00:00:00 -0800

Bloomberg - Nov. 27 (Special Report) - On Nov. 26, 2008, then-Bank of America Corp. Chief Executive Officer Kenneth D. Lewis wrote to shareholders that he headed “one of the strongest and most stable major banks in the world.” He didn’t say that his firm owed the central bank $86 billion that

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Gingrich Said to Be Paid at Least $1.6 Million by Freddie Mac

Wed, 16 Nov 2011 00:00:00 -0800

Bloomberg - By Clea Benson, Dawn Kopecki - Nov. 16 (News Report) - Newt Gingrich made between $1.6 million and $1.8 million in consulting fees from two contracts with mortgage company Freddie Mac, according to two people familiar with the arrangement. The total amount is significantly larger than the $300,000 payment from Freddie Mac that Gingrich was asked about during a Republican presidential debate on Nov. 9 sponsored by CNBC, and more than was disclosed in the middle of congressional investigations into the housing industry collapse.

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Energy Costs to Rise 'Viciously' Without Atomic Power, IEA Says

Wed, 09 Nov 2011 15:55:55 -0800

Bloomberg - By Lananh Nguyen - Nov. 09 (Special Report) - Energy will become "viciously more expensive" and polluting if governments don't promote renewable and nuclear power in the next two decades instead of burning coal, the International Energy Agency said. Global demand for energy is set to increase 40 percent by 2035, the Paris-based agency said today in its annual World Energy Outlook report. Consumption will rise 1.3 percent a year to 16.96 billion metric tons of oil equivalent in 2035, spurred by China and other emerging economies, the IEA said. The worst atomic accident in 25 years at the Fukushima plant in Japan on March 11 led Germany, Europe's biggest economy, to close eight of its 17 reactors permanently. Nuclear plants generate power continuously while emitting virtually no greenhouse gases. Without nuclear, keeping world temperature gains at 2 degrees Celsius (3.6 Fahrenheit) will cost an extra $1.5 trillion through 2035, the IEA said. "If we do not have an international legally binding agreement soon, and if it doesn't give a boost to a major investment wave of clean energy technologies by 2017, the door to 2 degrees will be closed forever," Fatih Birol, the IEA's chief economist in Paris, said in an interview yesterday. A shift away from nuclear power "would definitely be bad news for energy security, for climate change and also for the economics of the electricity price."

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U.S. Stock Futures Drop as Europe Woos China for Bailout Fund

Mon, 31 Oct 2011 00:00:00 -0700

Bloomberg - By Adria Cimino - Oct. 31 (News) - U.S. stock futures fell, indicating the Standard & Poor's 500 Index may pare its biggest monthly rally since 1974, as investors awaited China's response to the European request for money to boost the bailout fund. Alcoa Inc., the largest U.S. aluminum producer, and General Electric Co. led declining shares in European trading. Futures on the S&P 500 expiring in December fell 0.9 percent to 1,269.4 at 8:50 a.m. in London. The S&P 500 advanced in the last four weeks and has climbed 14 percent this month. Futures on the Dow Jones Industrial Average retreated 89, or 0.7 percent, to 12,079

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Apple Gets 1 Million IPhone 4S Pre-Orders in One Day, Topping Prior Model

Mon, 10 Oct 2011 00:00:00 -0700

Bloomberg - By Lisa Rapaport, Xu Wang - Oct. 10 (News Report) - Apple Inc. (AAPL) received more than one million pre-orders for the iPhone 4S in a single day, 67 percent more than for the previous version of the device. Demand for the phone, introduced a day before Apple co- founder Steve Jobs passed away, is a trib

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Koch Brothers Flout Law Getting Richer With Secret Iran Sales

Mon, 03 Oct 2011 00:00:00 -0700

Bloomberg - Oct. 03 (News) - In May 2008, a unit of Koch Industries Inc., one of the world’s largest privately held companies, sent Ludmila Egorova-Farines, its newly hired compliance officer and ethics manager, to investigate the management of a subsidiary in Arles in southern France. In less than a week, she discovered that the company had paid bribes to win contracts.

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Anti-Wall Street Protesters Reach ‘Prime Time’ Goal as Arrests Surpass 700

Sun, 02 Oct 2011 00:00:00 -0700

Bloomberg - Oct. 02 (News) - The HinduAnti-Wall Street Protesters Reach 'Prime Time' Goal as Arrests Surpass 700BloombergAnti-Wall Street protests escalated with more than 700 arrests over the weekend, thrusting the once- dwindling demonstrations into the national spotlight. The rallies, which began 16 ...Downtown LA becomes a stage for protest and performance artLos Angeles TimesAbout 150 gather to plan Occupy BaltimoreBaltimore SunPolice, Too, Release Videos of Arrests on BridgeNew York TimesCNN International -Wall Street Journal -ABC Newsall 2,836 news articles »

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Obama Jobs Plan Prevents 2012 Recession in Survey of Economists

Wed, 28 Sep 2011 00:00:00 -0700

Bloomberg - By Timothy R. Homan - Sep. 28 (News Report) - President Barack Obama’s $447 billion jobs plan would help avoid a return to recession by maintaining growth and pushing down the unemployment rate next year, according to economists surveyed by Bloomberg News. The legislation, submitted to Congress this month, would increase gross domestic product by 0.6 percent next year and add or keep 275,000 workers on payrolls, the median estimates in the survey of 34 economists showed. The program would also lower the jobless rate by 0.2 percentage point in 2012, economists said.

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Fed's $1.2 Trillion In Loans 'A Classic Case Of Moral Hazard'

Tue, 23 Aug 2011 00:00:00 -0700

Huffington Post - By Alexander Eichler - Aug. 23 (News Report) - During the 2008 financial crisis, when the nation's banking system seemed on the verge of collapse, President George W. Bush authorized a $700 billion bailout...

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Wall Street Aristocracy Secretly Got $1.2 Trillion From Fed

Mon, 22 Aug 2011 00:00:00 -0700

Bloomberg - By Bradley Keoun, Phil Kuntz - Aug. 22 (Special Report) - Citigroup Inc. and Bank of America Corp. were the reigning champions of finance in 2006 as home prices peaked, leading the 10 biggest US banks and brokerage firms to their best year ever with $104 billion of profits. By 2008, the housing market's collapse forced those companies to take more than six times as much, $669 billion, in emergency loans from the US Federal Reserve. The loans dwarfed the $160 billion in public bailouts the top 10 got from the US Treasury, yet until now the full amounts have remained secret

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BSkyB Drops Below News Corp. Bid

Mon, 11 Jul 2011 09:10:01 -0700

Bloomberg - By Jonathan Browning, Robert Hutton - Jul. 11 (News) - British Sky Broadcasting Group Plc (BSY) fell below News Corp.’s offer price after U.K. Culture Secretary Jeremy Hunt asked regulators whether the bidder’s undertakings were still credible following a phone-hacking scandal.

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Unemployment Rate Won’t Hobble Re-Election, David Plouffe Says

Thu, 07 Jul 2011 00:00:00 -0700

Bloomberg - By Julianna Goldman - Jul. 07 (News Analysis) - The White House’s top political adviser, downplaying the significance of the unemployment rate in the 2012 election, said the Republican candidates are offering the same policies that caused the economic crisis and targeted one potential opponent -- Mitt Romney.

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Providence Equity to Buy Blackboard for $1.64 Billion in Education Deal

Fri, 01 Jul 2011 08:36:10 -0700

Bloomberg - By Douglas MacMillan - Jul. 01 (News) - Providence Equity Partners Inc. agreed to buy Blackboard Inc. (BBBB), a maker of online educational software, for $1.64 billion. Providence will pay $45 a share in cash for Washington- based Blackboard, the companies said in a statement today. The price represents a 21 percent premium over Blackboard’s closing price on April 18, the day before the company said it would evaluate strategic alternatives, the companies said.

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Christie Loses Support for Second Term

Wed, 29 Jun 2011 00:00:00 -0700

Bloomberg - By Elise Young - Jun. 29 (News) - More than half of New Jersey residents say they wouldn’t back Governor Chris Christie for a second term, disapproving of his choices on a range of policy and personal issues, from killing a commuter tunnel to using a state-police helicopter to attend his son’s baseball game.

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Obama Needs to Get ’Caught Trying’ on Job Creation

Tue, 28 Jun 2011 00:00:00 -0700

Bloomberg - By Ron Klain - Jun. 28 (Opinion) - The president should put forward a half-dozen job-creation ideas in July, and call on Congress to come back early from its August recess to give these proposals up-or-down votes before Labor Day. Then, he could propose a half-dozen more, and demand votes on those before Congress finishes its session this year. The administration may lose some of these votes; and ideas that win approval by Congress in fall or winter of 2011 may have limited impact on the employment rolls before Election Day 2012, but the American people will be grateful for the president’s determination.

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U.S. Economy Expanded at 1.9% Pace in First Quarter, Above Prior Estimate

Fri, 24 Jun 2011 00:00:00 -0700

Bloomberg - By Timothy R. Homan, Alex Kowalski - Jun. 24 (News) - The U.S. economy grew at a 1.9 percent pace in the first quarter, marking the start of what Federal Reserve policy makers project is a temporary slowdown in growth.

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Euro Pares Drop Against Dollar as EU Officials Work on Greece Debt Crisis

Thu, 16 Jun 2011 00:00:00 -0700

Bloomberg - By Catarina Saraiva, Garth Theunissen - Jun. 16 (News) - The euro pared its decline against the dollar after reaching a three-week low amid speculation an agreement between the European Union and the International Monetary Fund may allow Greece to avoid a debt default.

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Herman Cain on Why ‘The Black Guy Is Winning’: Jeffrey Goldberg

Mon, 13 Jun 2011 07:00:59 -0700

Bloomberg - Jun. 13 -

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FDA panel against use of Avastin for breast cancer

Thu, 02 Jun 2011 00:00:00 -0700

San Francisco Chronicle - By Catherine Larkin - Jun. 02 (News Report) - A panel of cancer experts ruled Wednesday that Avastin - the world's best-selling cancer drug, developed by Genentech in South San Francisco - should no longer be used in breast cancer patients because of concerns the medicine didn't work as well in follow-up studies and may cause deadly bleeding. Outside advisers to the Food and Drug Administration voted 6-0 against Avastin's use in breast cancer at a first-of-its-kind hearing in Silver Spring, Md. Their recommendations will be sent to FDA Commissioner Margaret Hamburg, who will make the final ruling on an unspecified date. Avastin will remain on the market because it's approved for four other types of tumors.

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New Spike in Unemployment Claims

Tue, 31 May 2011 00:00:00 -0700

readersupportednews.org - By Timothy R. Homan - May. 31 (News) - 'More Americans than forecast filed applications for unemployment benefits last week, a sign the labor market is struggling to gain momentum. Jobless claims increased by 10,000 to 424,000 in the week ended May 21, Labor Department figures showed today in Washington.' Timothy R. Homan, Bloomberg News

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Stocks Rise on Greek Aid Optimism

Tue, 31 May 2011 00:00:00 -0700

Bloomberg - By Stephen Kirkland, Nikolaj Gammeltoft - May. 31 (News) - Stocks rose worldwide, paring the biggest monthly decline since August, and the euro gained amid speculation nations will pledge more aid to Greece. Commodities advanced, while Treasuries erased losses after U.S. economic reports missed forecasts.

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