Republican candidate for president Rep. Ron Paul (R-TX) appeared on CNBC to discuss the Federal Reserve and a worldwide quantitative easing, the 2012 field and an independent run for office. “That doesn’t mean a whole lot. That’s what they’re in the business of doing, and that is to inflate the currency to tide people over […]
Talk about strange bedfellows! Rand Paul, Kentucky’s Republican Junior Senator, found himself teamed up yesterday with Senate left-wing Democrats and the ACLU, in a failed attempt to insert an amendment into the massive National Defense Authorization Act, which would have limited the federal government’s power to enforce martial law against American civilians. Sixteen Democrats and […]
The House Ethics Committee announced on Monday that it will take another 45 days to determine whether to launch full-scale investigations into allegations against Reps. Alcee Hastings (D-Fla.) and Don Young (R-Alaska). Reps. Jo Bonner (R-Ala.) and Linda Sanchez (D-Calif.), the chairman and the ranking member of the Ethics Committee, made the statement in response […]
Standard and Poor’s downgraded the credit ratings of dozens of banks Tuesday, after applying new criteria to the world’s 37 largest financial institutions. Among those to suffer a ratings cut: Bank of America, Citigroup, Goldman Sachs (GS, Fortune 500), Morgan Stanley (MS, Fortune 500), Wells Fargo and JPMorgan Chase (JPM, Fortune 500). Ratings of Bank […]
Opposites in many ways, the Tea Party movement and Occupy Wall Street have this in common: Both have channeled the public’s not always well-informed anger over the behavior of banks and government during the financial crisis. As it turns out, they didn’t know the half of it, and neither did the rest of us, including […]
[T]he Senate is gearing up for a vote on Monday or Tuesday that goes to the very heart of who we are as Americans. The Senate will be voting on a bill that will direct American military resources not at an enemy shooting at our military in a war zone, but at American citizens and […]
Since taking office in 2009, President Obama has accomplished great things for the economy . . . of Brazil, that is. For some bizarre reason, Obama continues to do all he can to help out workers and businesses in South America’s largest nation. We all remember the U.S. Export-Import Bank’s multi-billion dollar loan proposal to […]
Gun owners who have historically been able to use public lands for target practice would be barred from potentially millions of acres under new rules drafted by the Interior Department, the first major move by the Obama administration to impose limits on firearms. Officials say the administration is concerned about the potential clash between gun […]
Over at Mother Jones, Kevin Drum has a piece where he says, essentially, companies may complain about complex regulations but the truth is that they love them, because they can use complex regulations to their advantage when competing with other businesses. In fact, Drum argues, companies lobby hard to turn simple rules into complex ones: […]
A new batch of 5,000 emails among scientists central to the assertion that humans are causing a global warming crisis were anonymously released to the public yesterday, igniting a new firestorm of controversy nearly two years to the day after similar emails ignited the Climategate scandal. Three themes are emerging from the newly released emails: […]