What Part of ‘Stimulus’ Don’t They Get? – NY Times Editorial
Bernanke Says Recession Should End in 2009 – Wall Street Journal
Schumer To GOP Govs On Stimulus: Take It Or Leave It
AIG Seeks More US Funds As Firm Faces Record Loss
Archive for February, 2009
Today’s News
Tuesday, February 24th, 2009Politicians Rush To Return Stanford’s Money … Except Cornyn & Sessions
Thursday, February 19th, 2009From TalkingPointsMemo:
As politicians from President Obama to Sen. John McCain trip over each other to be the first to return ‘Sir’ Allen Stanford’s money, two GOPers — Texans Sen. John Cornyn and Rep. Pete Sessions — are standing on principle to keep the donations.
How the Economic Crisis Will Change America
Wednesday, February 18th, 2009The crash of 2008 continues to reverberate loudly nationwide—destroying jobs, bankrupting businesses, and displacing homeowners. But already, it has damaged some places much more severely than others. On the other side of the crisis, America’s economic landscape will look very different than it does today. What fate will the coming years hold for New York, Charlotte, Detroit, Las Vegas? Will the suburbs be ineffably changed? Which cities and regions can come back strong? And which will never come back at all?
Political Ties To Houston Money Manager Robert Allen Stanford
Wednesday, February 18th, 2009From OpenSecrects.org:
Stanford Financial Group has spent a total of $4.8 million on lobbying efforts since 1999, primarily on issues related to money laundering, financial services and banking. Last year the firm’s lobbying spiked by more than 300 percent, totaling $2.2 million, by far the most it has ever reported spending. In addition to sending its own in-house lobbyists to Capitol Hill, the company also hired lobbying shop Ben Barnes Group last year to represent its interests.
Recovery.gov is Online
Tuesday, February 17th, 2009The Obama Administration has just launched the Recovery.gov web site to track the funds from the American Recovery and Reinvestment Act.
From the web site: “The American Recovery and Reinvestment Act will be carried out with full transparency and accountability — and Recovery.gov is the centerpiece of that effort. In a short video, President Obama describes the site and talks about how you’ll be able to track the Recovery Act’s progress every step of the way.”
Visitors can also track the Estimated Job Effect:
Note that the projected 269,000 jobs created/saved in Texas is second only to California.
SEC Charges R. Allen Stanford for Multi-Billion Dollar Investment Scheme
Tuesday, February 17th, 2009From the U.S. Securities and Exchange Commission:
Washington, D.C., Feb. 17, 2009 — The Securities and Exchange Commission today charged Robert Allen Stanford and three of his companies for orchestrating a fraudulent, multi-billion dollar investment scheme centering on an $8 billion CD program.
CNN: “[Fox News] should be apologizing for using partisan propaganda.”
Monday, February 16th, 2009Remember that story about Fox News using talking points from a memo Senate Republicans sent out? Well, Howard Kurtz of CNN does and he had some pretty harsh words for Fox News.