to Steer GM Toward Bankruptcy
The Obama administration is preparing to send General Motors into bankruptcy
as early as the end of next week under a plan that would give the automaker
tens of billions of dollars more in public financing as the company
seeks to shrink and reemerge as a global competitor, sources familiar
with the discussions said.
climate change bill passes key hurdle
The United States, long a bastion of global warming scepticism, has
taken the first step towards introducing climate change legislation
after a key congressional committee approved a hotly-debated bill.
Implies Owning Guns Is "Illegal"
A CBS News clip out of California that was prominently featured
on the front page of Yahoo.com today showed the LAPD melting down
40,000lbs worth of "illegal weapons" to '"prevent
them ending up on the streets in the hands of criminals" and
yet most of the guns shown were perfectly legal and were handed
in by law-abiding citizens who had kept them in their own homes.
Vows to Cut U.S. Deficit on Rating Concern
Treasury Secretary Timothy Geithner committed to cutting the budget
deficit as concern about deteriorating U.S. creditworthiness deepened,
and ascribed a sell-off in Treasuries to prospects for an economic
Senate throws weight behind war, Gitmo
The US Senate has passed a $91.3 billion war-spending bill for military
operations in Iraq and Afghanistan but denied money for the closure
of the Guantanamo Bay prison.
Warrant Sale Shows Banks May Reap ‘Ruthless Bargain’
Banks negotiating to reclaim stock warrants they granted in return
for Troubled Asset Relief Program money may shortchange taxpayers
by almost $10 billion if Treasury Secretary Timothy Geithner’s
first sale sets the pace, data compiled by Bloomberg show.
the meeting of the mediocre minds
Practically no one has been reporting on the 2009 meeting of the
Bilderberg group in a fancy seaside resort near Athens. The Greek
newspaper To Vima, however, published a list of the 150-odd participants
at the conference.
is a gateway drug to bourbon
You have never before seen — nor will you ever see again —
FBI director Robert Mueller so thoroughly humbled in a discussion
about drug policy before the United States Congress.