I wasn't surprised by the latest report from the Commerce Department that shows the U.S. trade deficit, the excess of imports over exports, had jumped in January to the biggest imbalance in more than three years.
Many people may be voting for Mitt Romney because of the view in some quarters that he is the inevitable Republican candidate for President of the United States and the candidate with the best chance of beating Barack Obama, rather than because they actually prefer Romney to the other candidates.
The Housing and Urban Development Department (HUD) is doling out $42 million in federal funding for housing counseling grants to 468 local, regional, and national organizations. Intended to prevent foreclosures and assist new home buyers, the grants will offer free assistance on foreclosure avoidance as well as educate buyers on how to rent or purchase a home. HUD alleges that beneficiaries of these services will help combat predatory lending practices, because buyers will be equipped with information to help them evade mortgage scams, high interest rates, and unreasonably high appraisals.
Residents of the Chicago suburb of Stone Park, Illinois, have joined the Sisters of a local convent to in an effort to stop a $3 million “porn palace” from opening next door to the Catholic facility. With the help of the Thomas More Society, a Catholic legal advocacy group, the Missionary Sisters of St. Charles Borromeo and Stone Park village residents are demanding that city officials put a halt to construction of the extravagant strip club, located several feet from the property line of the Sisters’ convent.
Rep. Paul Ryan (R-Wis.) announced on Tuesday the Republican budget plan to take into the election debate; it is in sharp contrast to the Obama administration’s budget announced last month. Two key differences stand out: reducing the number of income tax brackets from the current six to just two (10 percent and 25 percent), and cutting corporate income tax rates from 35 percent currently to 25 percent. The Obama administration wants to raise taxes instead.
The conflict in Nigeria between the government and Islamic terrorists has claimed its latest victims, with at least 10 people dead and five wounded. The growing problem of Islamic terrorism in Nigeria drew brief, worldwide attention when dozens were killed and at least 100 were injured in a series of Christmas Day attacks last year. The two most recent assaults once again targeted Christians, and raise questions about the ability of the government to successfully combat Islamist terrorism.
Founder Julian Assange of the anti-secrecy group WikiLeaks plans to run for a seat in the Australian Senate while under house arrest in the United Kingdom, according to an announcement made by his organization over the weekend. The next election is expected sometime late in 2013 at the earliest.
President Obama’s reelection campaign reported Monday that it raised more than $45 million in February, a significant boost from the $29.1 million raised in January but far behind what it collected in February of 2008. "In February, 348,000 people donated to raise over $45 million for this campaign," read a tweet posted by the campaign. "Thank you."
The pressure of the continuing countdown to Monday, March 26, when the Supreme Court takes on the challenge to ObamaCare, has forced legal advisors to the White House to change their strategy in hopes of successfully rebuffing it and preserving the Obama administration’s key legislative victory signed into law in March, 2010.