There’s no guarantee that a bailout would save the incompetently managed American automobile industry. However, doing nothing may be worse, especially for the state of Michigan.
Getting a grip on the economic catastrophe that rocked the country during the fall of 2008 is no easy feat, what with so many players, back-room deals, bills, upswings and meltdowns to consider. Updated
As President Bush shuffled through the reception line before a photo op last Saturday at the G20 summit in Washington, visiting heads of state gave him the cold shoulder, even as they greeted other attendees with a handshake. Ouch.
On Thursday night, Attorney General Michael Mukasey suddenly collapsed while making a speech at the Marriott Wardman Park Hotel in Washington, D.C. He was rushed to George Washington University Hospital for treatment.
“What better way to honor our first black president than by eating your sloppy joes off his face?” We’re hard-pressed to answer this thought-provoking question posed by “The Daily Show’s” Lewis Black.
After 40 years in the U.S. Senate, the Alaska Republican bid his Capitol Hill colleagues goodbye on Thursday and was given a standing ovation as he finished his speech.
This is the story of how Jackson Browne’s 30-year-old song “Running on Empty” became the unlikely catalyst for the singer’s lawsuit against Sen. John McCain—and what Yoko Ono has to do with McCain’s response.
It looks like a $2,075 investment in a sketch by then-no-name artist and Illinois Sen. Barack Obama could really have paid off. The doodle, drawn as part of a 2007 “National Doodle Day” charity event, is now said to be worth in the six figures.
They’ve taken on Scientologists, celebrities and even Canadians. Now “South Park” creators Matt Stone and Trey Parker are one step closer to their apparent goal of becoming equal-opportunity offenders with their Mormon-themed musical.
President-elect Barack Obama is bringing the fireside chat to the Web, using the technology at his disposal to address Americans online in a new twist on the check-in pioneered by President Franklin Delano Roosevelt.
If the prospect of appointing Hillary Clinton as secretary of state irritates the Obama base, what will they make of keeping the man who has executed President Bush’s policies at the Pentagon?
The cynical view of national sovereignty holds that it belongs only to those who can defend it. This was said recently at the Pentagon concerning American manned and unmanned attacks inside Pakistan.
While the nation’s capital obsesses over who will be the next pick for Barack Obama’s Cabinet, the president-elect’s lieutenants are engaged with what may be a more important long-term issue: What will become of Obama’s vast grass-roots network?
The Big Three left Capitol Hill empty-handed, but they’re bound to get some kind of federal help, however grudging. In the end, I don’t think either George W. Bush or Barack Obama wants to be remembered as the president who lost the auto industry.
If you’re having trouble remembering what the recent election was all about, rest easy: You’re probably not going senile – you’re likely experiencing the momentary effects of brainwashing.
This is not change we can believe in. Not if Robert Rubin or his protégé, Lawrence Summers, get to call the shots on the economy in President-elect Barack Obama’s incoming administration.
Sen. Robert Byrd, 91, announced that he will give up the chairmanship of the Senate Appropriations Committee to Sen. Daniel Inouye, 84. The torch has passed to a new generation.
The Americans who voted for Barack Obama as president were promised change they could count on, but it rather looks as if they may actually be asked to make do with a mildly refurbished Clinton administration, with many of the same officials and nearly all of the same policies.
We will look back on the Bush years and find it incredible, and disgraceful, that individuals were “purchased” from tribal warlords, tortured at Abu Ghraib, abducted to secret CIA prisons, whisked to Guantanamo and held for years without charges.
A source from within President-elect Barack Obama’s transition team said Thursday that Obama is “on track” to tap Hillary Clinton as his secretary of state after Thanksgiving, according to the Associated Press.
House Democrats are serious about going green. To prove it, they just ousted auto hawk John Dingell from his perch as chairman of the House Energy and Commerce Committee. Rep. Henry Waxman, a California liberal and occasional Dingell foe, supplied the boot.
Minnesota’s ballot showdown is underway as Al Franken and Norm Coleman’s contest for the U.S. Senate comes down to a recount and voter intent. Minnesota Public Radio has decided not to let the campaigns have all the fun of chucking (or un-chucking) ballots. Now you can, too!
Starting on Nov. 26, mortgage finance mega-firms Fannie Mae and Freddie Mac will take a time out from foreclosures and evictions until Jan. 9—a welcome holiday break for struggling homeowners that hopefully will catch on among other corporate players in the mortgage market.
In a little over two weeks, the Dow has tumbled more than 2,000 points as bad economic news continues to pile up. Word on Thursday that jobless claims hit a 16-year high, combined with a dreary outlook for Detroit and a lack of confidence in major financial institutions, helped drive the DJIA down to 7,552.29.
American airstrikes in Pakistan aren’t sitting so well with the locals. Pakistan PM Yousuf Raza Gilani summoned the U.S. ambassador for a refresher course in “sovereignty and territorial integrity” on Thursday. But according to The Washington Post, the two countries have a tacit agreement that the U.S. can keep bombing Pakistan if Pakistan can keep complaining about it.
He may be a lame duck, but the president still has the power to mess with America. His latest project: pushing through rule changes that would reduce protections for endangered species. Given the wonky complexities of the rule-changing process, it will be difficult for Barack Obama to undo the damage, but then that’s the whole point.
No Handshakes for Bush at G20 Reception
