Archive for May, 2009
Jobless Rate Rises (8.9%); Layoffs Slow To 539,000 in April
The pace of layoffs slowed in April when employers cut 539,000 jobs, the fewest in six months.
But the unemployment rate climbed to 8.9 percent, the highest since late 1983, as many businesses remain wary of hiring given all the economic uncertainties.
“This is a truly awful report that will likely be taken as a good report […]
Where is Obama on this: Minority youngsters dying weekly on Chicago’s streets (more than 1 died per week)
CHICAGO, Illinois (CNN) — The Rev. Michael Pfleger has ordered the American flag at St. Sabina Church hung upside-down — a historic sign of distress — to symbolize the growing death toll among the city’s youngsters.
So far this school year, 36 children and teens have been murdered — more than one a week — and […]
Under Restructuring, GM (Obama Motors) To Build More Cars Overseas
The U.S. government is pouring billions into General Motors in hopes of reviving the domestic economy, but when the automaker completes its restructuring plan, many of the company’s new jobs will be filled by workers overseas.
According to an outline the company has been sharing privately with Washington legislators, the number of cars that GM sells […]
Obama kicks Lt. Dan Choi out of the Army for being openly gay (VIDEO)
Where’s the OUTRAGE from the militant fascist gay-activist community on this? C’mon Perez Hilton. President Obama has just discharged an Army lieutenant for going on the air and coming out of the closet and admitting that he’s gay. Where’s your outrage? Where’s your video blog calling President Obama a “dumb bitch”. Where’s […]
Ten US banks fail ’stress tests’
Ten of America’s largest 19 banks need a combined $74.6bn (£50bn) of extra funds to boost their cash reserves.
That is the main finding of the so-called “stress tests” to see if the banks have sufficient capital to cope should the recession worsen.
Bank of America is the most at risk, needing an additional $33.9bn.
“Our hope with […]
Specter Humiliated: Democrats Strip GOP Defector of Rank
Sen. Arlen Specter was unexpectedly stripped of his seniority Tuesday night in a humiliating blow from Democrats who earlier had welcomed the former Pennsylvania Republican’s defection from the GOP.
The move not only strips the five-term senator of his legislative clout but also hampers his ability to persuade voters he can still bring influence to issues […]
Colin Powell Bashes Rush Limbaugh, Sarah Palin and GOP
Colin Powell Bashes Rush Limbaugh, Sarah Palin and GOP
Former Secretary of State Colin Powell has once again bashed conservative talk show host Rush Limbaugh as well as Alaska Governor Sarah Palin while going a step further this time by piling on the GOP.
Following up on last December’s acrimonious interview [0] with CNN’s Fareed Zakaria, Powell […]
Obama Looking More Like Nixon Than FDR - Obama’s policy may produce monetary inflation of Zimbabwe
The Bush administration subjected us to a deluge of fiscal and monetary expansion, the likes of which we haven’t seen since the 1960s. The federal budget ballooned 112 percent from $1.86 trillion in 2001 to a projected $3.94 trillion in the current fiscal year. From a surplus of $128 billion in 2001, the federal budget […]
Caption Biden & Obama at Ray’s Hell Burger
Microsoft closes in on 5,000 job cuts (Second wave of mass layoffs)
Microsoft said Tuesday that it is moving forward with a second wave of mass layoffs, getting the company closer to its target of 5,000 job cuts by mid 2010, according to an e-mail Chief Executive Steve Ballmer sent employees.The company would not say exactly how many workers were being affected in this latest round.
In January, […]
Obama Administration Seeks $63B (of your money) For World Health
The Obama White House said Tuesday that it wants $63 billion to be set aside in the fiscal 2010 budget to fight global diseases over the next six years.
The initiative, announced by Deputy Secretary of State Jack Lew, continues an effort begun under former President George W. Bush to fight HIV/AIDS, tuberculosis and malaria. Obama’s […]
CNN Poll: Generational Gap On Gay Marriage
A new national poll suggests that a majority of Americans oppose legalizing same sex marriages — but there’s a vast generational divide on the issue.
Fifty-four percent of people questioned in a CNN/Opinion Research Corporation poll released Monday say that marriages between gay or lesbian couples should not be recognized as valid, with 44 percent suggests […]
Rush On Jeb Bush, Romney: They “Hate” And “Despise” Palin (Video)
Discussing the Republican listening tour conducted by Former Governors Jeb Bush (FL) and Mitt Romney (MA), radio talk show host Rush Limbaugh said they are “embarrassed” by Sarah Palin.
Limbaugh said the underlying issue of these speaking engagements is that Bush and Romney “hate” and “despise” the Alaska Governor and former running-mate of John McCain. Limbaugh […]
China ‘cutting down purchases of US Treasury bonds’ (Via Google News)
China, wary of the troubled US economy, has already “canceled America’s credit card” by cutting down purchases of debt, a US congressman said Thursday.China has the world’s largest foreign reserves, believed to be mostly in dollars, along with around 800 billion dollars in US Treasury bonds, more than any other country.
But Treasury Department data shows […]
German Newspaper:Obama Discrediting Himself and the US
Many had hoped that US President Barack Obama would undo all the damage done by his predecessor. Now, it looks like he might continue the Bush-era practice of trying terror suspects in military tribunals. German commentators are disappointed.
When US President Barack Obama entered office in January and promptly pledged to shut down the […]
Poll: Solid Majority of Israelis Worried About Obama’s Outreach to Muslims
A solid majority of Jewish Israelis worry that President Barack Obama’s outreach to the Arab and Muslim world will come at their expense, a new poll showed Monday.
Israelis also strongly back stopping Iran’s nuclear program, even if Israel has to attack Iran without American approval, according to the survey.
(Excerpt) Read more at weaselzippers.net …
Taliban behead two Pakistani officials in Swat Valley
MINGORA, Pakistan, May 3 (Reuters) - Pakistani Taliban have beheaded two government officials in the northwestern Swat Valley in revenge for the killing of two insurgent commanders by security forces, a militant spokesman said on Sunday.
Authorities struck a peace deal in February aimed at ending militant violence in the former tourist valley of Swat but […]
Why black folks loved the first 100 days (Barf Alert)
On April 27, The New York Times reported that the percentage of black Americans who believe race relations in America are generally good has doubled since July. This statistic forces me to ask: Why are African-Americans feeling so good about our country in a time of economic crisis and international conflict?
It is not just the […]
Ahem, Mr. President - about those 150,000 jobs you said you created… (FactCheck.org calls Obama out for lying about job creation)
Fact Check.org calls Obama out for lying about the number of jobs he says his stimulus bill has created already.
Jess Henig explains:
“It turns out the president’s claim is really an estimate of what his economic advisers think the stimulus bill is doing, and not based on any evidence of its actual effects.”
We asked the White […]
GOP Rep, Cantor: ‘We’ve got a lot to learn’ from Obama
House Minority Whip Eric Cantor tells CNN’s John King that the GOP still has a lot to learn from President Obama.”President Obama is a great communicator. We understand that,” he said in an interview that aired on CNN’s State of the Union Sunday. “He’s also been very adept at adopting the technology of today to […]