News for 2/18/2010

President Obama’s Coup De Tat .. By Roger Fredinburg

Definitions of Coup de tat on the Web:

• A coup d’état (, (plural: coups d’état) or coup for short, is the sudden unconstitutional deposition of a government, usually by a small group …
  ABC News – Huma Khan

Former Vice President Dick Cheney rallied conservative activists today during a brief yet surprise appearance at the Conservative Political Action Conference.

USA Today

Former vice president Dick Cheney, who wasn’t expected to speak at the Conservative Political Action Conference, appeared on stage to broad cheers and a few chants of “Run, Cheney, Run” after his daughter had delivered her scheduled remarks.

CNN) — The pilot of a small plane that slammed into a building Thursday morning in Austin, Texas, set his house on fire beforehand and then intentionally crashed the aircraft, a federal official told CNN.

Federal officials told CNN the plane was a Piper Cherokee PA-28 they believe belonged to Joseph Andrew Stack.

The Internal Revenue Service in Dallas told CNN the building is a federal IRS center with 199 employees. IRS officials were trying to determine if all the employees were accounted for.

With several strokes from several pens, President Obama created a fiscal commission this morning that’s supposed to begin erasing $14.3 trillion in government red ink.

Well, not so fast. First the panel, headed by Democrat Erskine Bowles and Republican Alan Simpson, must be fleshed out with 16 more members: four appointed by Obama, six by congressional Democrats and six by congressional Republicans (who have yet to say whether they’ll play ball).

Then it must spend most of the year coming up with ways to slash the $1.6 trillion federal budget deficit and $14.3 trillion national debt. After that, it must get at least 14 of 18 “yes” votes to send any recommendations to Congress — a process that guarantees bipartisanship or gridlock.

Chicago Tribune – Hal Dardick

Chicago city government is infamous for corruption, but Cook County’s no slouch when it comes to graft and other malfeasance, concludes a report issued today by university researchers and government watchdogs

BusinessWeek – Elizabeth Stanton 

Feb. 18 (Bloomberg) — US stocks rose for a third day as a rally in commodity shares and faster-than-estimated growth in a gauge of manufacturing offset disappointing sales at Wal-Mart Stores Inc. and an unexpected increase in …

Wake Up to Wal-Mart  Barron’s

Reuters – Robert Galbraith, Lucia Mutikani 

Men look over jobs listings while searching for employment at a jobs center in San Francisco, February 4, 2010. WASHINGTON (Reuters) – The number of US workers filing new applications for unemployment insurance unexpectedly surged last week, …

New York Times – Darren Samuelsohn 

The United Nations’ top climate diplomat will step down July 1 following a raucous four-year term during which world leaders struggled to reach agreement on a new international global warming deal

BusinessWeek – Bob Willis, Courtney Schlisserman 

Feb. 18 (Bloomberg) — Manufacturing will remain at the forefront of a US economic recovery that’s likely to extend at least through the middle of the year as companies invest in new equipment, reports today RF Note .. (TAKING ADVANTAGE OF LOOPHOLE NO CAPITAL GAINS RIGHT NOW )..

LONDON (Reuters) – The International Monetary Fund’s long-planned sale of its 403 tons of gold has taken on a new twist that may chip away at one of the fundamental drivers for higher gold prices.

The IMF’s strategy to capitalize on surging gold to raise new resources for lending was first announced in 2008 and had been comfortably received by the market, with expectations for enthusiastic takers amongst Asia’s central banks

“It could be viewed quite negatively that central banks, who obviously would have been favored as buyers for the remaining gold, have found current (price) levels unattractive,” said Saxo Bank senior manager Ole Hansen.

Wall Street Journal – Jonathan Weisman, Sky Canaves

WASHINGTON—President Barack Obama met with the Dalai Lama of Tibet Thursday to discuss human rights and religious freedom for the people of Tibet, shrugging off the official protests of China.

Reuters – Nick Macfie, Jerry Norton 

SINGAPORE (Reuters) – An earthquake of magnitude 6.7 hit near the China-Russia border on Thursday, but its epicenter was extremely deep and there were no immediate reports of casualties or damage.

Tags: Barak Obama

Tuesday, February 23rd, 2010 - 6:52 PM
Category: News/Crime/Media.

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