Jul 8, 2010 1 Comment ›› Erik Wong
The Wall Street Journal: Some banks have a special technique for dealing with business borrowers who can't repay loans coming due: Give them more time, hoping things improve and they can repay later. Banks call it a wise strategy. Skeptics call it "extend and pretend." Banks are applying it, in particular, to commercial real-estate lending, where, during the ...
Continue ReadingJul 8, 2010 4 Comments ›› Erik Wong
The Wall Street Journal: HIV research is undergoing a renaissance that could lead to new ways to vaccinate against the AIDS virus and other viral diseases. In the latest development, U.S. government scientists say they have discovered three powerful antibodies, the strongest of which neutralizes 91% of HIV strains, more than any AIDS antibody yet discovered. They ...
Continue ReadingJul 8, 2010 2 Comments ›› Pat Dollard
Washington Post: John L. Martin supervised 76 espionage cases during his 26 years at the Justice Department, but he’s never seen one end like this one. Martin said swapping spies who have not been sentenced to time in prison, much less served it, is "all but unprecedented." Martin could recall only one case in which an accused spy ...
Continue ReadingJul 8, 2010 No Comments ›› Pat Dollard
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Continue ReadingJul 8, 2010 16 Comments ›› Pat Dollard
LOS ANGELES (AP) - A white former transit officer was convicted of involuntary manslaughter Thursday in the shooting death of an unarmed black man on an Oakland train platform in a 2009 encounter that set off days of rioting in the city. The jury deliberated more than six hours over two days to convict Johannes ...
Continue ReadingJul 8, 2010 No Comments ›› Pat Dollard
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Continue ReadingJul 8, 2010 3 Comments ›› Pat Dollard
Politico: The White House has launched a coordinated campaign to push back against the perception taking hold in corporate America and on Wall Street that President Barack Obama is promoting an anti-business agenda. Obama has been happy to be seen by voters as cracking down on Wall Street but those efforts have had an unintended result: feeding ...
Continue ReadingJul 8, 2010 1 Comment ›› Pat Dollard
Heading to a funeral Washington Post: Of all the problems Democrats face this fall, none may be more challenging than trying to win back the support of independent voters. President Obama has been going backward with independents for more than a year, and the Democrats stand to suffer the effects in the November elections. The Gallup organization ...
Continue ReadingJul 8, 2010 1 Comment ›› Pat Dollard
PHOENIX (AP) - It would appear that the Department of Justice's decision to sue Arizona over Senate Bill 1070, the state's tough new immigration law, has resulted in a financial windfall for Gov. Jan Brewer's newly established "Border Security and Immigration Legal Defense" fund. Brewer formally created the cash repository via executive order on May ...
Continue ReadingJul 8, 2010 3 Comments ›› Pat Dollard
WASHINGTON (Reuters) – The Obama administration heads to court on Thursday aiming to reinstate a six-month moratorium on deepwater oil drilling imposed after the devastating BP Plc Gulf of Mexico oil spill, but blocked by a federal judge. The showdown starts at 3 p.m. local time (2000 GMT) at the U.S. Court of Appeals for the ...
Continue ReadingJul 8, 2010 21 Comments ›› Pat Dollard
Briefing Room: It’s “absolutely clear†the U.S. economy is heading in the right direction, President Barack Obama said Thursday, amid fears that the economy had faltered. Obama made his case during a visit to Missouri that his administration’s efforts, particularly through its signature $787 billion stimulus package, had staved off a second Great Depression and put the ...
Continue ReadingJul 8, 2010 7 Comments ›› Pat Dollard
Washington Times: President Obama on Thursday labeled the recession a result of "a decade of irresponsibility" that he inherited, continuing his strategy of trying to frame this fall's congressional elections as a choice between Bush-era policies and his own. "For the better part of 10 years, folks faced stagnant incomes, skyrocketing health care costs and tuition bills, ...
Continue ReadingJul 8, 2010 10 Comments ›› Pat Dollard
Haaretz: U.S. President Barack Obama told Channel 2 News on Wednesday that he believed Israel would not try to surprise the U.S. with a unilateral attack on Iran. In an interview aired Thursday evening, Obama was asked whether he was concerned Prime Minister Benjamin Netanyahu would try to attack Iran without clearing the move with the U.S., ...
Continue ReadingJul 8, 2010 4 Comments ›› Pat Dollard
The New York Times: The gates of the Gulf Coast International Jousting Championships opened at 6 p.m. one Friday in January at a 4,500-seat arena 13 miles outside Pensacola, Fla. Some of the spectators were dressed in leather doublets and velvet gowns; some wore jeans and cowboy hats or American-flag-patterned do-rags. Most seemed to have come ...
Continue ReadingJul 8, 2010 No Comments ›› Pat Dollard
Fox News: Ten people accused of spying for Russia pleaded guilty inside a Manhattan courtroom Thursday as the largest Russia-U.S. spy swap since the Cold War appeared to get under way. The Russians will trade four people for the ten accused Russian spies in U.S. custody, a source confirmed to Fox News. The defendants all affirmed ...
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