Posts Tagged ‘today’s news’

Today’s News

Thursday, May 14th, 2009

Read President Obama’s Commencement address at Arizona State University

As Cheney Seizes Spotlight, Many Republicans Wince – “The fact that most people want to talk [without attribution] shows what a problem it continues to be,” said one Republican strategist who spoke on the condition of anonymity in order to be candid. “Cheney continues to be a force among many members of our base, and while he is entirely unhelpful, no one has the standing to show him the door.”

Nancy Pelosi: CIA Lied To Me – Under strong attack from Republicans, House Speaker Nancy Pelosi accused the CIA and Bush administration of misleading her about waterboarding detainees in the war on terror and sharply rebutted claims she was complicit in its use.

Today’s ETO News

Monday, May 11th, 2009

Hill Panel Reviewing CIA Tactics – Although some useful information was produced, the report concluded that “it is difficult to determine conclusively whether interrogations have provided information critical to interdicting specific imminent attacks,” according to the Justice Department’s declassified summary of it.

Cheney: “We Weren’t In Torture Business” – Cheney said that he fundamentally disagrees with many of the decisions of the Obama administration, including dismantling policies put into place by the Bush-Cheney administration which he credits with keeping the nation safe for nearly eight years following 9/11.

Obama And Industry Groups To Propose $2 Trillion In Health Care Savings – In conjunction with the White House, a host of trade associations, pharmaceutical groups and other stakeholders in the health care debate are set to announce a major effort to streamline the nation’s health care system that could save more than $2 trillion over the next decade.

Pres. Obama at the 2009 White House Correspondents’ Dinner – Pres. Obama was the highlight of this year’s White House Correspondents’ Dinner.

Today’s News

Wednesday, May 6th, 2009

U.S. Says Bank of America Needs Cushion of $33.9 Billion – The government has told Bank of America it needs $33.9 billion in capital to withstand any worsening of the economic downturn, according to an executive at the bank.

Engineer distances self from ruined Dallas Cowboys training facility – The engineer listed as responsible for design of the Dallas Cowboys’ now ruined training facility said Tuesday that he had little to do with the project, worked for the builder only briefly and was hired to design small farm buildings.

Obama and Pragmatism: Thinking Through Values – The President seems to me especially thoughtful and passionate about one of the great moral questions of domestic policy today: widening inequality of income and wealth, and therefore of opportunity and political power. As I’ve noted before, as recently as 1980, the richest 1 percent of Americans took home about 9 percent of total national income. But since then, income has concentrated in fewer and fewer hands. By 2007, the richest 1 percent took home 22 percent of total national income.

Most Houston schools touched by swine flu reopen Wednesday – Nearly all the Houston-area districts that had closed schools plan to reopen them Wednesday, allowing parents to return to work and students to resume state testing and final exams.

Inspector at Pentagon Says Report Was Flawed – In a highly unusual reversal, the Defense Department’s inspector general’s office has withdrawn a report it issued in January exonerating a Pentagon public relations program that made extensive use of retired officers who worked as military analysts for television and radio networks.

Today’s News

Monday, May 4th, 2009

Obama Takes Aim at Offshore Tax Havens – President Obama will present a set of proposals on Monday aimed at changing international tax policy, calling for the elimination of benefits for companies and wealthy individuals that harbor their cash in offshore accounts.

4th-Grader Questions Rice on Waterboarding – Days after telling students at Stanford University that waterboarding was legal “by definition if it was authorized by the president,” former secretary of state Condoleezza Rice was pressed again on the subject yesterday by a fourth-grader at a Washington school.

Banks Are Prevailing in a Tug of War – Informed debate is a crucial part of public policy development. But the behind-the-scenes tug of war between banks and the government over the results of their recent stress tests strains the already tenuous credibility of the exercise. It also shows that banks have become too powerful.

Is Sestak the Right Choice for the Left? – Progressives are right to want a primary opponent for Arlen Specter — or at least to keep alive the possibility of one. As Chris Bowers notes, Specter has already cast two important votes against his party in his brief tenure as a Democrat, first on mortgage bankruptcy “cramdown” legislation, and then on the budget conference report, where he was joined only by Ben Nelson, Evan Bayh and Robert Byrd joined. Nor has Specter changed his position on the Employee Free Choice Act — a measure which he had supported in past years but revealed in March that he would attempt to filibuster.

News Around the Web

Friday, May 1st, 2009

The CIA’s $1,000 a Day Specialists on Waterboarding, Interrogations – As the secrets about the CIA’s interrogation techniques continue to come out, there’s new information about the frequency and severity of their use, contradicting an 2007 ABC News report, and a new focus on two private contractors who were apparently directing the brutal sessions that President Obama calls torture.

Justice Souter To Retire From Supreme Court – Factors in his decision no doubt include the election of President Obama, who would be more likely to appoint a successor attuned to the principles Souter has followed as a moderate-to-liberal member of the court’s more liberal bloc over the past two decades.

Flawed Credit Ratings Reap Profits as Regulators Fail – As the U.S. and other economic powers devise ways to overhaul financial regulations, they have yet to come up with plans to address one issue at the heart of the crisis: the role of the rating firms.

Stanford ’surrenders’ to feds who didn’t want him – DeGuerin said he brought his client to the federal building because he wants to make it clear Stanford is available to authorities. The lawyer said he wants to avoid a “perp walk,” where an accused person is arrested and escorted in handcuffs before the media. “A perp walk will be adverse to his right to a fair trial,” said DeGuerin.

Today’s News:

Wednesday, April 22nd, 2009

Report Gives New Detail on Approval of Brutal Techniques – A newly declassified Congressional report released Tuesday outlined the most detailed evidence yet that the military’s use of harsh interrogation methods on terrorism suspects was approved at high levels of the Bush administration. (Senate Report pdf)

Harsh Tactics Readied Before Their Approval – Intelligence and military officials under the Bush administration began preparing to conduct harsh interrogations long before they were granted legal approval to use such methods — and weeks before the CIA captured its first high-ranking terrorism suspect, Senate investigators have concluded.

Freddie Mac acting CFO found dead in apparent suicide – David Kellermann, acting chief financial officer of mortgage giant Freddie Mac, was found dead on Wednesday in his suburban Virginia home, a Fairfax County police spokeswoman said.

Morgan Stanley swings to $177m loss – Morgan Stanley reported a loss of $177m in the first three months of the year on Wednesday, worse than analysts expected, and said it would cut its quarterly dividend as real estate investments sapped its profits.

Secret Dark Side to Craig’s List Killer – By most accounts, Philip Markoff’s life had all the hallmarks of a solid middle-class existence. He grew up in upstate New York, where his father was a dentist, his mother worked in a casino, and he played basketball with his brother in the driveway. High school acquaintances said he was a smart, if slightly nerdy, student who excelled in science, made the honor roll, and liked to bowl.

President Obama Meets with Mideast Leaders – US officials say the leaders of Israel, Egypt and the Palestinians have been invited for talks in Washington in a new push for Middle East peace.

Today’s News

Tuesday, April 21st, 2009

Pressure Grows to Investigate Interrogations – On Sunday, Rahm Emanuel, the White House chief of staff, said on the ABC News program “This Week” that “those who devised policy” also “should not be prosecuted.” But administration officials said Monday that Mr. Emanuel had meant the officials who ordered the policies carried out, not the lawyers who provided the legal rationale.

Bill Clinton and George W. Bush Scheduled to Debate – Former U.S. presidents Bill Clinton and George W. Bush will appear together in Toronto next month on a public stage for the first time since Mr. Bush ended his presidency, in a remarkable twist on the cultural cold war that Barack Obama and others are trying to lay to rest.

NYT Confirms: Harman Pressed Paper To Spike Wiretap Story In ‘04 – The New York Times adds some details to yesterday’s blockbuster CQ report about Rep. Jane Harman and AIPAC.

U.S. to give Chrysler, GM new aid – The Obama administration will make about $500 million available to Chrysler LLC through the end of this month as it seeks to reach an alliance with Fiat, and up to $5 billion through May to help General Motors Corp restructure outside of bankruptcy, an independent oversight report on the Treasury Department’s corporate rescue fund said on Tuesday.

Today’s News

Friday, April 17th, 2009

Texas Senate defies Perry by voting to take stimulus money for jobless fund – In a sharp rebuff of Gov. Rick Perry, the Senate on Thursday tentatively voted to accept $555 million in unemployment aid from the federal economic stimulus plan.

Perry Secession Talk Anti-American, Democrats Say – In a state that once was its own nation, a Republican governor who talked about secession without completely dismissing the idea has Democratic lawmakers in an uproar.

Rasmussen Texas Secession Poll: 75% Of Texans Say No

The Methods List for Interrogation – One of the legal opinions authorizing various methods of interrogation, in exceptional detail.

Citi records first profit in six quarters – The US bank said on Friday it made a net profit of $1.6bn compared with a net loss of $5.1bn a year earlier, marking its highest earnings since the second quarter of 2007.