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Oct 8, 2009 Comments Off Erik Wong

The Hill: House Democrats are floating the idea of a windfall-profits tax on the private health insurance industry as a way to finance their healthcare overhaul, and to drum up support among members of a divided caucus. House Speaker Nancy Pelosi (D-Calif.) called the windfall profits tax idea "very preliminary," saying she's asked House Ways and Means ...

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Oct 8, 2009 2 Comments ›› Erik Wong

Financial Times: The falling US dollar is giving ammunition to the critics of the Obama administration and fuelling broader concerns about the potential erosion of America’s reserve currency status. Republican politicians have highlighted the dollar’s slide as evidence of waning US power. Sarah Palin, the former vice-presidential Republican candidate, on Wednesday sought to link the dollar decline to ...

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Oct 8, 2009 2 Comments ›› Erik Wong

Politico: It’s the biggest mystery in global finance right now: Who conducted a sneak attack on the U.S. dollar this week? It began with a thinly sourced but highly explosive report Monday in a British newspaper: Arab oil sheiks are conspiring with the Russians and Chinese to quit using the dollar to set the value of oil ...

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Oct 7, 2009 7 Comments ›› Pat Dollard

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Oct 7, 2009 4 Comments ›› Erik Wong

Politico: The Congressional Budget Office estimates that the Senate Finance Committee’s health reform bill will cost $829 billion over 10 years – bringing it well within the president’s $900 billion target and clearing the way for a committee vote as early as Friday. The CBO also said the bill would cover 94 percent of Americans and reduce ...

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Oct 7, 2009 4 Comments ›› Erik Wong

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Oct 7, 2009 6 Comments ›› Erik Wong

Washington Times: Nearly $1 million in Homeland Security funding typically earmarked for fire departments has been awarded to ACORN, despite a clear signal from Congress that it intends to cut off federal funding to the embattled group. The grant to ACORN's Louisiana office became public on Oct. 2, less than three weeks after the House and Senate ...

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Oct 7, 2009 Comments Off Pat Dollard

How about "anyone who's watched a Michael Moore movie is a rape victim"

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Oct 7, 2009 8 Comments ›› Erik Wong

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Oct 7, 2009 2 Comments ›› Erik Wong

Politico: Never mind the green shoots. Gloom and doom are back. On Friday, national unemployment was reported at 9.8 percent with a loss of more than 260,000 jobs, leaving a staggering 15.1 million Americans out of work — a downside surprise to analysts who were expecting a better result for September. The Dow Jones, which had been on ...

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Oct 6, 2009 2 Comments ›› Erik Wong

The Independent: In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for ...

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Oct 5, 2009 3 Comments ›› Erik Wong

Fox News: The Federal Trade Commission will try to regulate blogging for the first time, requiring writers on the Web to clearly disclose any freebies or payments they get from companies for reviewing their products. The FTC said Monday its commissioners voted 4-0 to approve the final Web guidelines, which had been expected. Violating the rules, which ...

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Oct 5, 2009 2 Comments ›› Erik Wong

MSNBC: ISLAMABAD, Pakistan - The United States has long suspected that much of the billions of dollars it has sent Pakistan to battle militants has been diverted to the domestic economy and other causes, such as fighting India. Now the scope and longevity of the misuse is becoming clear: Between 2002 and 2008, while al-Qaida regrouped, only ...

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Oct 5, 2009 1 Comment ›› Erik Wong

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Oct 5, 2009 4 Comments ›› Erik Wong

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Oct 5, 2009 Comments Off Erik Wong

ABC News: Think the White House may want to work on its vote-counting operation before the health care bill makes it to the Senate floor? Think the CBO might be just as brutal as the IOC -- with scoring that counts just as much? Think the public debate over Afghanistan strategy gets any easier as events shape perceptions? Nobody ...

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Oct 5, 2009 1 Comment ›› Pat Dollard

ABC News: Think the White House may want to work on its vote-counting operation before the health care bill makes it to the Senate floor? Think the CBO might be just as brutal as the IOC -- with scoring that counts just as much? Think the public debate over Afghanistan strategy gets any easier as events shape perceptions? Nobody ...

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Oct 4, 2009 12 Comments ›› Erik Wong

Now despite anything I or he may believe, I don't think it wrong for a man and his wife to go out on their anniversary, no matter who they are. It would be more wrong not to. However, regardless of the reason, I, amongst others I'm sure, feel pretty burned. Again, It's not that they ...

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Oct 3, 2009 1 Comment ›› Erik Wong

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Oct 2, 2009 21 Comments ›› Erik Wong

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Oct 2, 2009 1 Comment ›› Erik Wong

Real Clear Politics: On Tuesday, the Senate Finance Committee voted-twice-to reject the "public option," a government-run health-insurance plan that would "compete" with private insurance. This vote may have some symbolic significance as a measure of the public's rejection of government-run health care. But in practical terms, it doesn't much matter. The creation of public health insurance was ...

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Oct 2, 2009 2 Comments ›› Erik Wong

SpaceWar: US Secretary of State Hillary Clinton on Thursday congratulated China on the 60th anniversary of communist rule, vowing to continue deepening US ties with the increasingly powerful nation. "I would like to extend warm wishes and congratulations to the People's Republic of China on the 60th anniversary of its founding on October 1," Clinton said in ...

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Oct 2, 2009 6 Comments ›› Pat Dollard

Wall Street Journal: U.S. stocks traded lower Friday, pointing to the sixth market decline in seven sessions, as the September nonfarm payrolls report came in well below Wall Street expectations. In recent trading, the the Dow Jones Industrial Average was down about 41 points at 9467. General Electric, Boeing and Bank of America were the index's two ...

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Oct 2, 2009 9 Comments ›› Pat Dollard

Over a quarter of a million jobs lost last month alone...longest recession in 80 years...$1 trillion dollar health care expenditure now looks criminal...stimulus dollars going to Leftist causes, not job creation...expect absurd proposals for job-killing higher taxes... WASHINGTON (AP) -- The U.S. unemployment rate rose to 9.8 percent in September as employers cut far more jobs ...

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Oct 1, 2009 6 Comments ›› Erik Wong

Big Government: Earlier this month and despite the public scrutiny over the voter fraud and felony criminal activity associated with ACORN, the Department of Homeland Security went ahead and granted $997,402 to ACORN under the FY 2008 Fire Prevention and Safety Program. To most people, the timing and the amount of the grant would seem off ...

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