
Economy Watch
Obama’s Economic Circle Keeps Tensions Simmering
By all accounts, much of the tension derives from the president’s choice of the brilliant but sometimes supercilious Mr. Summers to be the director of the National Economic Council, making him the policy impresario of the team. The widespread assumption, from Washington to Wall Street, was that the job would be Mr. Summers’s way station until the president could name him chairman of the Federal Reserve when Ben S. Bernanke’s term expires early next year.
Is it why Larry is always sleeping when the economic team meets?
Doubts mount over US toxic asset plan
The controversial US toxic asset clean-up plan, aimed at clearing bad loans from US banks’ books to enable them to raise capital and lend freely, has fallen behind schedule, and may never be fully implemented.
The Economy Is Still at the Brink
Mr. Obama thinks that the way to revive the economy is to restore confidence in it. If the mood is right, the capital will flow. But this belief is dangerously misguided. We are sympathetic to the extraordinary challenge the president faces, but if we’ve learned anything at all two years into the worst financial crisis of our lifetimes, it is that a capital-markets system this dependent on public confidence is a shockingly inadequate foundation upon which to rest our economy.
1Q credit card delinquency rate jumps 11 percent
Credit card holders who in ordinary years might have used their tax refunds to pay down their balances apparently spent the money elsewhere as the recession deepened in the first quarter.
Deflation or Inflation?
Economic stimulus efforts carry the potential of creating new problems
U.S. Will Let Some Banks Repay Aid
Health Care Battle
Democrats stoke grassroots US healthcare campaign
* Obama supporters expect tough fight
* Opponents start running TV ads
* Obama says summer will be “make or break” for reform
Business groups wary of first draft of health care bill
Business groups reacted warily Sunday to the Senate’s first stab at overhauling the nation’s health care system, a rift that could complicate President Obama’s goal of achieving bipartisan support for his top domestic priority.
State Coverage Model No Help for Uneasy Insurance Industry
In reasserting his support last week for a new government health plan for the uninsured, President Obama stoked the fears of private insurers that they would not be able to compete with a Medicare-like option and might gradually be priced out of existence.
Harry and Louise Need Health Reform
Stenography vs Journalism
For journalists, how close is too close?
Author and former Newsweek journalist Richard Wolffe is refuting charges that he acted more like Barack Obama’s campaign spokesman than as a journalist covering Obama’s presidential campaign. It was Obama, himself, who suggested that Wolffe write his book Renegade: The Making of a President. Wolffe, however, denied that writing the book meant trading objectivity for access.
Yeah, right! Whatever you say Wolffe.
Moscow Crime Reporter, Facing His Obituary Daily
After the most recent attack on Sergei Kanev — attempted strangulation with a wire, in his apartment’s stairwell here — his editor visited him and delicately suggested that he take a six-month sabbatical from crime reporting, in America.
[…]
A specialist in police corruption and organized crime, he crosses powerful people and half expects to be killed for it.
Middle East
The Divisions Among Israelis and Palestinians
As President Obama was arriving in Cairo on Thursday to urge the Middle East toward peace, Hamas militants in the West Bank city of Qalqilya were fighting a gun battle against Palestinian Authority forces in which three men were killed. Israel Radio was reporting that settler extremists had sent letters to an Israeli general threatening him and his children, and comparing the forces that remove settler outposts with the Jewish councils obliged to collaborate with the Nazis.
Israel’s Premier Promises Major Peace Plan
Under mounting American pressure to define his intentions regarding peace efforts, Prime Minister Benjamin Netanyahu of Israel said Sunday that he would make a major policy speech next week mapping out the government’s “principles for achieving peace and security.”
U.S.-Backed Alliance Appears to Win in Lebanon
Iraq: Bombing of minibus in Shiite area kills 7
Around The World
US journalists sentenced to 12 years in North Korea labour camp
Clinton Says North Korea Charges Against Journalists Unfounded
In Iraq, Colbert Does His Shtick for the Troops
Brown Faces New Challenge by Dissidents After Setback
Gordon the Unlucky (Paul Krugman)
Charlie! Charlie! Charlie!
Rangel warns of ‘racial polarization’ if Cuomo challenges Paterson for governor in primary
Rep. Charles Rangel Friday warned of “racial polarization” if Attorney General Andrew Cuomo challenges Gov. Paterson in a primary next year.
Rangel, who is close to the poll-challenged Paterson, ripped Cuomo on New York 1 last night for flatly not ruling out a run for governor next year.
Charlie, next time you see a microphone, run. Away from it.
Ticking Bomb Scenario?
Suspect in abortion doctor death warns of violence
The man charged with murdering a high-profile abortion doctor claimed from his jail cell Sunday that similar violence was planned around the nation for as long as the procedure remained legal, a threat that comes days after a federal investigation launched into his possible accomplices.
Calling Dick Cheney and all other torture aficionados.
“Strategeries”
Democratic candidates adopt anti-Bush strategy
Many Democratic candidates are planning to run against two Republicans in the next election — their GOP opponent and former president George W. Bush.
Palin versus GOP
After being invited — for a second time — to speak to the annual joint fundraiser for the National Republican Congressional Committee and the National Republican Senatorial Committee, Palin was told abruptly Saturday night that she would not be allowed to address the thousands of Republicans there after all.
The Alaska governor may now skip the dinner altogether, and her allies are miffed at what they see as a slight from the congressional wing of the Republican Party.
Hugging Republicans Until It Hurts
Hillary’s New Crusade (Just check out some of the comments on this excellent piece)
Photo A year ago this week, Hillary Clinton ended her presidential campaign—to the relief of many. But even her critics must admit that as secretary of State, she’s been a feminist hero to behold.
Tragedy
Famed Google mentor found dead in swimming pool
The tech community has tragically lost its much loved computer science expert, Rajeev Motwani, in a drowning accident on Friday, June 5, 2009. The Stanford University professor Motwani died unexpectedly at his Atherton, CA home on Friday.
Please — DIGG!! & Share!










Add to: Facebook | Digg | Del.icio.us | Stumbleupon | Reddit | Blinklist | Twitter | Technorati | Furl | Newsvine
Filed under: General | 47 Comments »