President Obama honed in on the media Monday during his commencement address at Barnard College, railing against the "steady stream of sensationalism and scandal" that typically drive up ratings. Using the "sensationalized" media as a campaign talking point, the President attempted to patch up a barrage of negative press that has debased the "hope" and "change" catchwords of his 2008 campaign.
The Catholic bishop of Davenport, Iowa, has decided to allow a homosexual group to present a hefty scholarship to a homosexual student at Prince of Peace Catholic high school.
After first refusing to permit the Eychaner Foundation to present the scholarship at Price of Peace High, Bishop Martin Amos reached an agreement with the group. Amos and the foundation jointly approved a script that will be read at an awards ceremony where Keaton Fuller will receive a $40,000 scholarship.
“If you want a UN on steroids, you want the Law of the Sea Treaty,” then-Senate Minority Whip Trent Lott (R-Miss.) declared in a 2007 news conference. The treaty, Lott explained, “undermines U.S. sovereignty,” “would create a huge UN bureaucracy” to rule the U.S. private sector and military, “would undermine U.S. military and intelligence operations,” and “would be a huge problem in terms of navigational rights.” Five years later, however, the man who once claimed that Senate ratification of LOST would “cede our national sovereignty — both militarily and economically,” is lobbying that very body to approve the treaty.
Germany's power grid is in trouble, and federal regulators are warning something must be done before the onset of winter's usual skyrocketing energy demands. They say the current grid is unable to support the forced transition from nuclear to government mandated "renewable" energies and must be expanded quickly to avoid blackouts.
JPMorgan Chase CEO Jamie Dimon's admission to a $2 billion bank loss barely counts as scratch on the $16 Trillion loan and bailout scandal that the GAO audit of the Federal Reserve revealed, and the Volcker Rule will do nothing to solve the fractional reserve flaw at the heart of our monetary crisis.
California Governor Jerry Brown is calling for higher taxes as lethargic economic growth has left his state in fiscal turmoil. Brown also mentioned that California would have to implement another $6 billion in spending cuts on public schools and higher education if voters reject his call to increase sales and income taxes.
The latest numbers on the Eurozone economies are showing nothing, with an official recession call barely avoided. And without Germany’s slightly better economic performance in the first quarter, the recession would be official.
JPMorgan Chase's $2 billion trading loss has predictably generated calls for more bank regulation. But one free-market advocate, Dan Amoss of the Daily Reckoning made this suggestion: "Here’s an idea: it’s called 'capitalism.' Take away the subsidies and bailouts for banks, along with the regulatory red tape. If they want to blow themselves up, fine — but losses would fall on the risk managers making those decisions and bank shareholders, not taxpayers or depositors…."
Our social engineers preach fairness but practice favoritism. Case in point: Thirteen-year-old Keeling Pilaro, of Suffolk County, New York, is being denied the right to compete in sports based solely on sex.
Facebook co-founder Eduardo Saverin is expected to save hundreds of millions of dollars or more on his tax liabilities after becoming one of the more high-profile individuals to renounce U.S. citizenship in recent years. The Brazilian-born multi-billionaire now lives in Singapore, where the government does not impose capital-gains taxes or take a cut of income earned abroad.