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US President Wrangles with Gun-law Change

Posted: January 9th, 2016 | Author: | Filed under: News | Tags: , , | Comments Off on US President Wrangles with Gun-law Change

 

US President Barack Obama Backs Gay Marriage

US President Barack Obama said his new executive actions to tighten gun rules were “well within” his legal authority and consistent with the US right to bear arms, a warning to opponents who are likely to challenge them in court. Read the full article »»»»


World of the News: Hard Pill to Swallow

Posted: November 7th, 2011 | Author: | Filed under: Hard Pill to Swallow, News, Socially Engineered, Standout, That Human Condition | Tags: , , , , , , , , , , , , , , , , , , | Comments Off on World of the News: Hard Pill to Swallow

“We live in strange times” a quote that has truly lived through the test of time, each generation seems to have blurted this almost useless phrase since pelt clad artists scribbled on the walls of caves in Lascaux.

What’s changed, clearly quite a lot, but not so much! “News travels fast” now there’s a quote we can stick with, that along with Hard Pill to Swallow and you’ve pretty much got a round-up on what news is . . .

Week 1, November 2011

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CONTINUED: Read the full article »»»»


Volcker Rule

Posted: February 16th, 2010 | Author: | Filed under: Bailout, Blip, M.Aaron.Silverman, Socially Engineered | Tags: , , , , , , | Comments Off on Volcker Rule

Volcker Rule

The White House has some quick explaining to do if it wants to convince lawmakers that a proposed limit on risk-taking by big banks needs to be included in financial reforms that are already more than a year in the making.

The 11th-hour rule, proposed late last month by President Barack Obama and inspired by White House economics adviser Paul Volcker, could be left behind as the U.S. Congress moves toward a bipartisan deal on tighter financial regulation, said some analysts and congressional aides on Wednesday.
After a less-than-illuminating Senate Banking Committee hearing on Tuesday, many predict the Volcker Rule is doomed. Although some analysts have reported that the Volcker rule could be watered down and included in a final legislative package expected to emerge from the banking committee as early as mid-February.
“If you want to get the broader bill done, you need to water down the Volcker language and that’s how we expect it to end up,” said Jaret Seiberg, an analyst with Concept Capital. President Obama stunned financial markets in January with the proposal to restrict proprietary trading by banks, get them out of the hedge fund business, and limit their future growth :: Read the full article »»»»

Bernanke In for Round Two?

Posted: January 28th, 2010 | Author: | Filed under: Business News | Tags: , , , | Comments Off on Bernanke In for Round Two?

Ben Bernanke BuckThe US Senate is expected to hold a final confirming vote on Ben Bernanke’s nomination for a second term as chairman of the Federal Reserve. A vote on confirmation would likely come shortly after senators vote to clear a procedural roadblock to the nomination.

“We anticipate the confirmation vote tomorrow,” a Democratic aide said. “We think the (confirmation) vote will be tomorrow,” a Republican aide said separately.

Mr Bernanke is widely expected to win confirmation, but only by a relatively narrow margin.

The surprise election last week of a Republican to a Massachusetts US Senate seat long held by Democrats underscored voter anger about the economy’s woes and undercut support for Mr Bernanke, a chief architect of bailouts for Wall Street banks. Read the full article »»»»


Geithner Voices Concer Over Reform

Posted: January 22nd, 2010 | Author: | Filed under: Business News | Tags: , , | Comments Off on Geithner Voices Concer Over Reform
Geithner Voices Concer Over ReformUS Treasury Secretary Timothy Geithner has expressed some scepticism about the broad bank limits proposed on Thursday by President Barack Obama, according to a financial industry inside source.

Our source, speaking anonymously, Geithner hasn’t yet spoken publicly on his reservations, said the Treasury chief is concerned that the proposed limits on big banks’ trading and size could impact global competitiveness. Geithner also has concerns that limits on proprietary trading do not necessarily get at the root of the problems and excesses that fuelled the recent financial crisis. However, a White House official has stated that Geithner is on board with Obama’s economic team, and prepared to tow the Presidents Line.

Geithner and Lawrence Summers, the director of President Barack Obama’s National Economic Council, worked closely with Paul Volcker, who heads a panel of outside advisers, in developing the proposals, the official said. Read the full article »»»»


Stimulation by Obama

Posted: February 10th, 2009 | Author: | Filed under: Blip, Business News | Tags: , , , | Comments Off on Stimulation by Obama

Stimulation by ObamaSYDNEY: Days after the Australian Prime Minister Kevin Rudd announced his governments Economic Stimululas Package, US President Barack Obama has trumped Rudd’s deficit creating strategy by 100’s of Billions of Dollars. Is this worldwide trend toward debt truly a prudent way to propup economies, what price will we have to pay down the road for economies that are so debt laden that they are near on insolvent?

WASHINGTON: After weeks of negotiations with Congress, President Barack Obama took to the airwaves Monday night to make his case for the passage of a more than $800 billion stimulus package to revive the economy. He said the package was not perfect, but, “the federal government is the only entity left with the resources to jolt our economy back to life.” Obama painted a grim picture of the economy he inherited, which he said underscored the need for the passage of the stimulus.

“My hope is after a difficult year, and this year is going to be a difficult year, that businesses start investing again … consumers start feeling their jobs are stable and safe and start making purchases again,” Obama said. Predicting another year of recession may be realistic, but it is hardly confidence boosting :: Read the full article »»»»