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Keyword: aa

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  • Britney Spears' ex-boyfriend killed by Taliban fighters in Afghanistan: report

    01/18/2015 4:57:43 AM PST · by Berlin_Freeper · 8 replies
    NEW YORK DAILY NEWS ^ | January 18, 2015 | Rich Schapiro
    A helicopter pilot and Britney Spears ex-boyfriend — who helped the pop princess quit booze — has been killed by Taliban fighters in Afghanistan. John Sundahl, 44, was shot down during a flight from Kabul, where he’d been working as a private contractor transporting officials across the war-torn nation, according to the Daily Mirror. “She is devastated,” a source close to Spears told the UK paper. “Britney thought he was a lovely man.” A former real estate whiz, Sundahl dated Spears, 33, in 2007 after they met at Alcoholics Anonymous in Los Angeles. He spoke openly about her alcohol abuse.
  • UNC trying to fire senior professor in wake of academic fraud scandal

    01/01/2015 8:41:46 AM PST · by Kid Shelleen · 19 replies
    AP ^ | 1/1/2015 | staff
    North Carolina's flagship public university is trying to fire a senior professor, accepted the resignation of another faculty member and dismissed an academic counselor for athletes for their roles in the fraud scandal that rocked the school, campus officials said Wednesday ---SNIP--- The report by former U.S. Justice Department official Kenneth Wainstein found a pattern of fake classes, which allowed 3,100 athletes and other students to earn artificially high grades from 1993 to 2011. While the sham courses were solely in the African studies department, multiple people around campus knew of them or suspected something but said nothing, the report...
  • Alice Cooper, Christian: The world belongs to Satan

    12/31/2014 9:31:15 PM PST · by NetAddicted · 179 replies
    CNS News ^ | 12/31/2014 | Michael W Chapman
    Alice Cooper, the shock-rock megastar who makes Marilyn Manson look like a choir boy, stopped his hard-partying ways and returned to his Bible Christian roots in the late 1980s and today, still hugely popular and touring, says he isn’t shy about discussing his faith, says his early songs always warned against choosing evil, and contends that the world we live in “doesn’t belong to us, it belongs to Satan.” “The world doesn’t belong to us, it belongs to Satan,” said Alice Cooper. “We’re living with that. We’re bombarded with that every day.” “[A]lmost everything I wrote was good and evil,”...
  • Chicago Activists Unchained, Destroy Black Leadership - YouTube

    10/28/2014 10:21:02 AM PDT · by Chgogal · 115 replies
    Rebel Pundit YouTube ^ | October 27, 2014 | Rebel Pundit
    YouTube Video
  • Julia Pierson, the director of the U.S. Secret Service, has resigned her post,

    10/01/2014 12:27:02 PM PDT · by traumer · 36 replies
    headline only
  • ALAS, BABYLON, Post your "post-attack" conditions of YOUR CITY here. Thread 01

    09/11/2001 12:33:38 PM PDT · by DCBryan1 · 131 replies · 1,553+ views
    Post your conditions or noticable behavior of your city officials here. Little Rock-
  • Has anyone did Glenn Beck get wealthy so quickly?

    04/25/2014 6:47:35 PM PDT · by RushIsMyTeddyBear · 89 replies
    4/25/2014 | me
    I have wondered about Beck for a while, but loved his exposure of the communist network in the US. Since he left FOX...he seems to have changed...and the immediate disregard to the Bundy situation really made me sick. Beck didn't even give the guy the benefit of the doubt and touted the NYT version. I know he has risen to fame since 2001, ghost written several books, had rallies, etc....but to have a network, now? A base in NY....a major website (so buggy and full of cookies it puts me off). Does anyone else find this strange? And claims to...
  • With Sobering Science, Doctor Debunks 12-Step Recovery

    03/23/2014 4:04:01 PM PDT · by nickcarraway · 81 replies
    NPR ^ | March 23, 2014
    Since its founding in the 1930s, Alcoholics Anonymous has become part of the fabric of American society. AA and the many 12-step groups it inspired have become the country's go-to solution for addiction in all of its forms. These recovery programs are mandated by drug courts, prescribed by doctors and widely praised by reformed addicts. Dr. Lance Dodes sees a big problem with that. The psychiatrist has spent more than 20 years studying and treating addiction. His latest book on the subject is The Sober Truth: Debunking The Bad Science Behind 12-Step Programs And The Rehab Industry. Dodes tells NPR's...
  • Affirmative action proposal for California universities runs into Asian-American opposition

    03/17/2014 1:03:39 AM PDT · by blueplum · 50 replies
    San Jose Mercury News ^ | 3/13/14 updated 3/16/14 | Katy Murphy and Jessica Calefati
    SACRAMENTO -- A legislative push to permit California's public universities to once again consider race and ethnicity in admissions appears to be on life support after an intense backlash from Asian-American parents who fear it will make it harder for their children to get into good schools. :snip: A planned referendum sailed through the state Senate in January without fanfare on a party-line vote, but three Asian-American Democrats who initially backed the measure are now calling for it to be "tabled" before the state Assembly has a chance to vote on it -- a highly unusual move. And it seems...
  • Challenging Alcoholic's Anonymous As The Leading Form Of Addiction Treatment

    02/13/2014 10:34:24 AM PST · by Responsibility2nd · 129 replies
    Opposing Views ^ | 02/13/2014 | By Will Hagle
    Alcoholics Anonymous and its related groups for other substances are undeniably the de facto standard for addiction treatment. The AA meeting is so prevalent throughout society that it has become a cliché in cinema and television. To many, it seems like the only solution. Pacific Standard recently ran a piece with the headline “After 75 Years of Alcoholics Anonymous, It’s Time to Admit We Have a Problem.” According to the article, “90 percent of American addiction treatment programs employed the 12-step approach” by the year 2000." The article argues that although it is the dominant form of addiction treatment, Alcoholic’s...
  • I asked Jim if we could start an AA thread to help those of us who are suffering.

    02/01/2014 5:49:38 PM PST · by RoosterRedux · 232 replies
    I have a problem with substance abuse and ask my brother Freepers if together we might form a union like AA.Most of us are Christians and Jews...not of that crowd which honors an amorphous higher authority.But even those who are honoring said higher authority should be welcome I guess.I have been abstaining but would love support of my brothers and sister in this war.
  • PROFESSOR: Affirmative Action Isn't Helping The Right People

    05/20/2013 9:51:37 AM PDT · by blam · 43 replies
    TBI ^ | 5-20-2013 | Erin Fuchs
    PROFESSOR: Affirmative Action Isn't Helping The Right People Erin Fuchs May 20, 2013, 12:19 PM Kevin Brown Affirmative Action Indiana University/Maurer School of Law Professor Kevin Brown says he was a beneficiary of affirmative action when he went to Yale Law School. As the Supreme Court considers whether affirmative action is legal, it may be a good time to ask if it's working as intended. Indiana University Maurer School of Law professor Kevin Brown supports considering race as a factor in admissions but says there is a problem in how affirmative action is implemented. Colleges are giving fewer and fewer...
  • Affirmative Action In America Is A Total Failure

    04/27/2013 10:33:38 AM PDT · by blam · 10 replies
    TBI ^ | The Economist
    Affirmative Action In America Is A Total Failure The EconomistApr. 27, 2013, 10:00 AM . Reuters - University of Michigan students Ruben Duran (L) and James Justin Wilson protest affirmative action in front of the Supreme Court in June 2003. WILLIAM POWERS is the president of the University of Texas at Austin (UT-Austin). Lino Graglia holds an endowed chair at its law school. Both have kindly demeanours, impressive records and that crucial perk of academic success, offices with great views: Mr Powers looks out over the heart of the university’s campus, Mr Graglia at its football stadium. They also hold...
  • Local impact of US Airways merger with American Airlines

    02/14/2013 11:54:35 AM PST · by re_nortex · 35 replies
    KPHO-TV ^ | Feb 14, 2013 8:56 AM CST | Adam Longo
    The company employs 750 people inside the corporate headquarters, but the airline has nearly 9,000 workers who are based in Phoenix. Depending on who you talk to, what will happen with those positions is unclear at this point. A source who works inside the company tells CBS 5 News he expects 80 percent to 90 percent of positions at the Tempe corporate headquarters to shift to American Airlines' headquarters in Fort Worth, TX.
  • American Airlines Gets a New Logo

    01/18/2013 7:00:23 PM PST · by ConservativeStatement · 35 replies
    ABC News ^ | January 17, 2013 | Genevieve Shaw Brown and Jim Avila
    American Airlines today unveiled a new design scheme for its fleet. The new logo and livery are the first fleet-wide update in 40 years. The nation’s third-largest airline is in merger talks with US Airways. Should the airlines merge, the new airline will be called American Airlines, so there won’t be a need to repaint to match US Airways. If the airlines do merge, the new airline will be the world’s largest.
  • Even in Medical School, Affirmative Action Rules

    12/16/2012 2:17:18 PM PST · by Altura Ct. · 76 replies
    AmericanThinker ^ | December 16, 2012 | Chris Mondie
    When it comes to becoming a physician, the academic rigors, years of schooling, and personal sacrifice common to the effort are well-known. This process is a sort of rite of passage, an intellectual marathon that only the best and brightest can complete. As such, medical schools should select candidates best-suited to excel throughout school and cultivate the skills that will allow them to practice in the best health care system in the world. The process by which these candidates are selected, however, may come as a shock. In examining documents made public by the Association of American Medical Colleges (AAMC),...
  • The Supreme Court Is Going To End Affirmative Action As We Know It

    10/09/2012 6:45:35 AM PDT · by blam · 37 replies
    TBI ^ | 10=-11-2012 | Erin Fuchs
    The Supreme Court Is Going To End Affirmative Action As We Know It Erin FuchsOct. 9, 2012, 8:00 AMA University of Michigan student protests a ban on affirmative action. The U.S. Supreme Court will hear arguments Wednesday in one of the most politically charged cases of the term – a challenge to the University of Texas at Austin's affirmative action policy. The Supreme Court last upheld affirmative action in 2003, ruling the University of Michigan could use race as one factor to achieve a "critical mass" of minorities necessary for a diverse student body. But a lot has changed since...
  • The Painful Truth About Affirmative Action

    10/03/2012 9:46:18 AM PDT · by hcmama · 21 replies
    The Atlantic ^ | October 3, 2012 | Stuart Taylor
    ffirmative action in university admissions started in the late 1960s as a noble effort to jump-start racial integration and foster equal opportunity. But somewhere along the decades, it has lost its way. Over time, it has become a political lightning rod and one of our most divisive social policies. It has evolved into a regime of racial preferences at almost all selective schools -- preferences so strikingly large and politically unpopular that administrators work hard to conceal them. The largest, most aggressive preferences are usually reserved for upper-middle-class minorities on whom they often inflict significant academic harm, whereas more modest...
  • AA (American Airlines) to shutter Fort Worth Maintenance Facility (1,090 jobs)

    09/11/2012 8:55:45 AM PDT · by MamaDearest · 23 replies ^ | September 10, 2012 | Unattributed
    Excerpted Website: Snip: The airline plans to eliminate 993 out of 5,150 maintenance jobs in Tulsa. In 2010, the airline closed a Kansas City, Mo., maintenance facility that it acquired in the 2001 purchase of bankrupt TWA. Separately, the union for American Airlines flight attendants said 901 of its members have signed up to get payments of $40,000 apiece for quitting their jobs at the financially troubled company so far.
  • The New AA: Dr. Kimball’s Self-Help Program for Disillusioned Liberals

    08/16/2012 8:44:14 AM PDT · by Lakeshark · 14 replies
    PJ Media ^ | 8/16/12 | Roger Kimball
    You’re seeing these sad people everywhere these days, especially in large East-and West-Coast urban areas and on college campuses. At parties they alternate between a melancholy, far-away wistfulness and a muttering “why me?”-belligerence. They’re touchy and quick to blame others, and they seem to suffer from night sweats and vague feelings of persecution.**snip**It wasn’t supposed to turn out this way. The good “Liberals” (i.e., the illiberal liberals) who voted for Obama the first time around, the mostly white, privileged products of elite schools and progressive attitudes, were supposed to be on the winning side of all such controversies. They were...
  • Don't EVER Do This!

    07/29/2012 5:51:06 PM PDT · by Lazamataz · 220 replies
    Life Experience | July 29, 2012 | By Laz A. Mataz
    DO NOT EVER DO THIS. I met a fellow about 7 years ago in the rooms of Narcotics Anonymous. He was getting cleaned up; so was I. We became fast friends. Soon, I was helping him out, and he was helping me. Sometimes I loaned him money -- a lot -- and sometimes he loaned it to me. Once, I loaned him my car for some jobn interviews. Everything went well. He contacted me recently and asked if I could rent him a car. "Why can't you rent it?" I asked. Well, he had a valid license but not a...
  • 2 flight attendants injured in disturbance on flight departing D/FW

    03/09/2012 3:44:14 PM PST · by Kimmers · 14 replies
    DALLAS - An American Airlines flight bound for Chicago from Dallas/Fort Worth International Airport was returned to its gate after a disturbance on the plane ended with two flight attendants being transferred to a nearby hospital with injuries, the airline confirmed this morning in a statement. Early unconfirmed reports from people reportedly on the plane began flooding the Internet in the morning. Reports said a flight attendant became irate, warning passengers over the public address system that the plane was going to crash. Another attendant reportedly denied the claims over the PA, asking passengers to dismiss the announcement. "The last...
  • Supreme Court to take up reverse affirmative action case at Texas university

    02/21/2012 2:43:05 PM PST · by ColdOne · 9 replies ^ | 2/21/12 | AP
    The Supreme Court will once again confront the issue of race in university admissions in a case brought by a white student denied a spot at the flagship campus of the University of Texas. The court said Tuesday it will return to the issue of affirmative action in higher education for the first time since its 2003 decision endorsing the use of race as a factor in admissions. This time around, a more conservative court is being asked to outlaw the use of Texas' affirmative action plan and possibly to jettison the earlier ruling entirely. A broad ruling in favor...
  • American Airlines Releases Statement: Alec Baldwin Rude to Crew, Used ‘Offensive Language’ *UPDATED*

    12/07/2011 9:53:45 PM PST · by This Just In · 35 replies · 1+ views
    Big Hollywood ^ | December 7, 2011 | John Nolte
    BREAKING: American Airlines Releases Statement: Alec Baldwin Rude to Crew, Used ‘Offensive Language’ *UPDATED* by John Nolte **UPDATE: “He was beating the walls of the lavatory to the point that the captain called us to see what that was about. They heard it in the cockpit,” said one crew member on the JFK-bound flight who had to deal with the “30 Rock” actor. “He was asked five times. Everybody is the same. Everyone has to follow the rules, it doesn’t matter who you are,” the employee told The Post. “He was violent, abusive and aggressive.” Though they originally declined to...
  • Alec Baldwin: Booted from plane for playing game

    12/06/2011 6:46:25 PM PST · by Enchante · 36 replies
    Yahoo News ^ | 12/06/2011 | Gordon Cameron
    Actor Alec Baldwin was removed from an American Airlines flight leaving Los Angeles for New York on Tuesday when he was apparently too engrossed in a game of Zynga's "Words With Friends" to power down his iPad.... The incident caused a one-hour delay in the flight and kicked off a flurry of Internet chatter.
  • American Airlines files for bankruptcy

    11/29/2011 4:35:29 AM PST · by tobyhill · 20 replies · 1+ views
    cnn money ^ | 11/29/2011 | By Blake Ellis
    American Airlines' parent company, AMR Corp., announced Tuesday that it has filed for chapter 11 bankruptcy. The decision comes as the airline tries to "achieve a cost and debt structure that is industry competitive and thereby assure its long-term viability and ability to continue delivering a world-class travel experience for its customers," the company said in a statement Tuesday.
  • Narcotics wiretap catches voice that may be sheriff's captain's

    08/29/2011 8:23:12 PM PDT · by 10thAmendmentGuy · 20 replies
    The Los Angeles Times ^ | August 28, 2011 | Robert Faturechi
    When federal agents eavesdropped on the telephone conversations of several drug trafficking suspects, they heard talk of marijuana sales, money transfers and cross-country drug shipments. They may have also detected something far more surprising: a Los Angeles County sheriff's captain. Law enforcement sources have confirmed that Bernice Abram, who is in charge of the sheriff's Carson station, was put on leave after federal authorities notified sheriff's officials that their captain may have been heard on the narcotics wiretap. Excerpt: Read more at ...
  • The Affirmative Action President, Yes Barack Obama… (Look at the source!!)

    08/24/2011 8:04:39 PM PDT · by 2ndDivisionVet · 50 replies
    Thy Black Man ^ | August 18, 2011 | Matt Patterson
    Years from now, historians may regard the 2008 election of Barack Obama as an inscrutable and disturbing phenomenon, a baffling breed of mass hysteria akin perhaps to the witch craze of the Middle Ages. How, they will wonder, did a man so devoid of professional accomplishment beguile so many into thinking he could manage the world’s largest economy, direct the world’s most powerful military, execute the world’s most consequential job? Imagine a future historian examining Obama’s pre-presidential life: ushered into and through the Ivy League despite unremarkable grades and test scores along the way; a cushy non-job as a “community...
  • George Soros sued by ex-girlfriend for reneging on real estate promise

    08/11/2011 12:53:38 AM PDT · by Justaham · 71 replies ^ | 8-11-11 | Emily Smith
    A beautiful Brazilian soap star has the lead role in her own daytime drama, which casts George Soros, the billionaire financier of lefty causes, as a heavy who not only broke her heart, but also reneged on a promise to give her an Upper East Side apartment worth $1.9 million. The drama will be staged in Manhattan Supreme Court, where 28-year-old Adriana Ferreyr yesterday filed a blockbuster $50 million suit charging, among other things, that the frisky octogenarian slapped her around while they were in bed discussing his real-estate betrayal. The sultry actress and the mogul, who's worth some $14.5...
  • Rep. Ryan’s warning

    08/07/2011 12:14:05 PM PDT · by americanophile · 61 replies · 1+ views
    Boston Herald ^ | August 7, 2011 | Boston Herald Editorial Staff
    Standard & Poor’s downgrade of the nation’s credit rating gives House Budget Committee Chairman Paul Ryan every right to say “I told you so.” Even earlier this week when President Obama was taking his victory lap for the debt-ceiling compromise, Ryan was disclosing the cold, hard truths of the economic troubles that lie ahead — truths that a jittery Wall Street has been more than aware of. In an oped column in Wednesday’s Wall Street Journal, the Wisconsin Republican reiterated, of course, that the president really has no budget plan. “The president’s February budget,” he wrote, “deliberately dodged the tough...
  • Kerry Blames The Tea Party For Credit Downgrade

    08/07/2011 10:17:45 AM PDT · by Steelfish · 64 replies
    Washington Times ^ | August 07, 2011 | Ben Wolfgang
    Kerry Blames The Tea Party For Credit Downgrade By Ben Wolfgang-The Washington Times1 Sen. John Kerry on Sunday laid the blame for the recent downgrade of the nation’s credit rating at the feet of conservative House Republicans. “I believe this is, without question, the tea party downgrade,” Mr. Kerry, Massachusetts Democrat, said on NBC’s “Meet the Press.” Standard & Poor’s rating agency on Friday dropped the U.S. credit rating from AAA to “AA+, questioning the ability of leaders in Washington to deal seriously with the nation’s debt crisis. The Obama administration’s debt-ceiling proposal, which included more spending cuts than the...
  • White House adviser blames tea party for downgrade (Axelrod)

    08/07/2011 10:08:27 AM PDT · by NormsRevenge · 153 replies
    Yahoo ^ | 8/7/11 | AP
    WASHINGTON (AP) — A top White House adviser is blaming the downgrade of the U.S. credit rating on tea party Republicans, whom he says were unwilling to compromise on how to reduce the federal debt. The adviser to President Barack Obama, David Axelrod, tells CBS' "Face the Nation" on Sunday .. ... .. also criticized GOP presidential candidates for not speaking up in favor of compromise.
  • drives new liberal catch phrase: ‘Tea party downgrade’

    08/07/2011 1:13:08 PM PDT · by Sub-Driver · 146 replies · 1+ views drives new liberal catch phrase: ‘Tea party downgrade’ Matthew Boyle - The Daily Caller 43 mins ago The left-wing activist group picked up the new liberal slogan bashing conservatives for Standard & Poor’s U.S. credit rating downgrade: “Tea Party downgrade.” President Obama’s chief campaign strategist David Axelrod and Massachusetts Democratic Sen. John Kerry both used the phrase on Sunday talk shows. In a Sunday afternoon email to supporters, accused tea partiers of being responsible for the first-ever credit downgrade in U.S. history. “This ‘tea party downgrade’ is a shameful blow to our nation’s honor and risks throwing...
  • Dispute Over 'Basic Math' Began With S&P E-Mail

    08/07/2011 8:31:25 AM PDT · by _a_0_0_ · 5 replies
    Thunderfeeds ^ | 080711 | Ian Katz
    Dispute Over 'Basic Math' Began With S&P E-MailBloombergThe e-mail message that unleashed hours of debate between US Treasury Department officials and Standard & Poor's arrived at 1:45 pm on Aug. 5, just as US and European stock markets were limping toward the end ...Treasury Hits Back Against S&P DowngradeFox BusinessInvestors to assess U.S. debt downgrade, Fed movesMarketWatchTreasury Disputes S&P Math, Saying Downgrade Doesn't Add UpSan Francisco ChronicleBusinessWeek -Wall Street Journal -CNNall 5,450 news articles »...
  • S&P warns of a second downgrade

    08/06/2011 2:11:26 PM PDT · by Clairity · 158 replies
    Politico ^ | August 6, 2011 | Josh Boak
    One day after lowering the nation’s platinum triple-A credit rating, Standard & Poor’s analysts warned Saturday that the U.S. government could face a second downgrade if the economy continues to struggle and the government fails to make the cuts outlined in the debt ceiling agreement. The ratings agency on Friday downgraded the nation to AA+ for the first time in history, saying partisanship in Washington is preventing dramatic deficit reduction.
  • America's debt downgrade is a damning indictment of President Obama's Big Government disaster

    08/06/2011 2:16:45 PM PDT · by Clairity · 94 replies · 1+ views
    The Telegraph ^ | Aug 6, 2011 | Nile Gardiner
    The decision by credit agency Standard and Poor’s to downgrade America’s AAA credit rating for the first time in 70 years is a massive blow to the credibility of the Obama administration, and a damning indictment of its handling of the economy. No doubt the White House will pathetically try to blame the Bush Administration, Republicans in Congress, and of course its favourite target, the Tea Party, for the move by S&P. But without a shadow of a doubt, responsibility for the country’s financial mess and staggering levels of debt lie with the current US president and his administration. They...
  • After S&P downgrade, WH says 'we must do better'

    08/06/2011 2:42:35 PM PDT · by Justaham · 29 replies
    Associated Press ^ | Mark S. Smith
    WASHINGTON (AP) - President Barack Obama sought to distance himself Saturday from the bad news of the nation's first-ever credit-rating downgrade, but lawmakers and presidential candidates showed no such reticence—trading salvos over who's at fault and why. The president, spending the weekend at Camp David, left it to press secretary Jay Carney to say it's clear Washington "must do better" in tackling soaring deficits and other economic woes. A statement from Carney said talks that produced Tuesday's $2 trillion compromise on raising the U.S. borrowing limit had been too drawn-out and "divisive." But the statement didn't directly address Friday's move...
  • Reid:S&P downgrade backs Dems' call for more revenue

    08/06/2011 8:43:43 AM PDT · by Cheerio · 109 replies
    TheHill ^ | 08/05/11 | Jamie Klatell
    Standard & Poor's decision to downgrade the nation's credit rating reinforces Democrats' call for increasing tax revenue, Senate Majority Leader Harry Reid (D-Nev.) said Friday.
  • U.S. AAA credit rating DOWNGRADED for first time in history after Obama's debt deal

    08/06/2011 7:57:29 AM PDT · by KeyLargo · 68 replies · 1+ views
    Daily Mail UK ^ | Aug 6, 2011
    U.S. AAA credit rating DOWNGRADED for first time in history after Obama's debt deal Unprecedented move will send shockwaves globally S&P cuts long-term credit rating from AAA to AA+ Borrowing costs for consumers and government to rise Comes after Obama signed bill to reduce fiscal deficit By Daily Mail Reporter Last updated at 1:08 PM on 6th August 2011 The U.S. has lost its top-notch AAA credit rating from Standard & Poor's in an unprecedented reversal of fortune for the world's largest economy. S&P cut the long-term U.S. credit rating by one notch to AA+ on concerns about the government's...

    08/06/2011 5:37:38 AM PDT · by trekdown · 8 replies
    Weekly World News ^ | August 5th, 2011 | Frank Lake
  • Obama officials attack S&P's credibility after downgrade

    08/05/2011 10:45:42 PM PDT · by tobyhill · 84 replies
    reuters ^ | 8/5/2011 | Glenn Somerville and Rachelle Younglai
    The Obama administration attacked the credibility of the analysis underlying Standard & Poor's decision to downgrade the United States' top credit rating on Friday, saying it had found a $2 trillion error. S&P was forced to remove the number from its analysis after Treasury officials discovered that the rating agency's estimates of the government's discretionary spending was $2 trillion too high, sources familiar with the discussions said.
  • Obama administration official calls S&P analysis 'way off' [ Wh says its S&P not TP's fault ]

    08/05/2011 11:00:44 PM PDT · by NoLibZone · 46 replies
    CNN ^ | Aug 5 2011
    The Obama administration angrily responded to Standard & Poor's decision Friday to downgrade the U.S. credit rating, with one senior official saying the agency's "analysis was way off." U.S. Treasury officials received S&P's analysis Friday afternoon and alerted the agency to an error that inflated U.S. deficits by $2 trillion, said the administration official, who was not authorized to speak for attribution. The agency acknowledged the mistake, but said it was sticking with its decision to lower the U.S. rating from a top score of AAA to AA+. "This is a facts-be-damned decision," the official said. "Their analysis was way...
  • S&P statement on lowering US long-term debt to AA+

    08/05/2011 9:28:50 PM PDT · by freespirited · 33 replies
    Guardian ^ | 08/06/11 | Standard & Poor's
    • We have lowered our long-term sovereign credit rating on the United States of America to 'AA+' from 'AAA' and affirmed the 'A-1+' short-term rating. • We have also removed both the short- and long-term ratings from CreditWatch negative. • The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics. • More broadly, the downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time...
  • Australia PM downplays US debt downgrade fears [ Yes Debt and not credit down grade ]

    08/05/2011 10:26:50 PM PDT · by NoLibZone · 2 replies
    Afp ^ | 8-5-11 | AFP
    SYDNEY — Australian Prime Minister Julia Gillard sought to calm public nerves over global debt woes Saturday after Standard & Poor's cut the United States' credit rating for the first time in history. Gillard told Australians their economy was well placed to weather financial crises looming in the US and Europe and would not be heavily affected by S&P's decision to downgrade the US rating from AAA to AA+. "People should look with confidence at our economic credentials and fundamentals, and people should look with confidence at the ability of this government to deal with global instability," Gillard said.
  • Former Obama Economic Adviser on Downgrade: We're 'Pretty Darn [expletive] [profanity in article]

    08/05/2011 10:14:54 PM PDT · by · 67 replies
    NewsBusters ^ | Noel Sheppard
    Christina Romer, the former chair of Obama's Council of Economic Advisers on Friday offered a rather strong opinion concerning the announcement by Standard & Poor's that the credit rating agency downgraded America's debt to AA+. Appearing on HBO's "Real Time," Romer said we're "pretty darn f--ked" (video follows with transcript and absolutely no commentary needed): ---- BILL MAHER, HOST: So, excuse my language, but we used to do a segment on this show called “How F—ked Are We?” (VIDEO CLIP) MAHER: I didn’t expect that there. This, just before we went on the air they said our rating got downgraded....
  • CBS: Dems, GOP react to debt downgrade [ copy it fast! ]

    08/05/2011 10:19:22 PM PDT · by NoLibZone · 22 replies ^ | Aug 5 2011
    (CBS/AP) Following the news Friday of Standard and Poor's downgrade on the U.S. debt, several politicians from both sides of the aisle offered their reactions. Democratic Senate Majority Leader Harry Reid released a statement: "This makes the work of the joint committee all the more important, and shows why leaders should appoint members who will approach the committee's work with an open mind -- instead of hardliners who have already ruled out the balanced approach that the markets and rating agencies like S&P are demanding." Reid was referring to the special bipartisan congressional committee -- made up of six Democrats...
  • US government loses triple-A credit rating [downgraded sans a credible reduction package ]

    08/05/2011 6:08:51 PM PDT · by NoLibZone · 30 replies
    MSNBC ^ | August 5 2011 | MSNBC
    S&P cut the long-term U.S. credit rating by one notch to AA-plus. The credit agency said late Friday that it was making the move because the deficit reduction plan passed by Congress on Tuesday did not go far enough to stabilize the country's debt situation. U.S. Treasuries, once undisputedly seen as the safest investment in the world, are now rated lower than bonds issued by countries such as the United Kingdom, Germany, France or Canada. The outlook on the new U.S. credit rating is negative, S&P said in a statement, a sign that another downgrade is possible in the next...
  • S&P Downgrades U.S. Debt Rating — Press Release (Boehner-McConnell FAILURE)

    08/05/2011 5:58:18 PM PDT · by jimbo123 · 55 replies
    Wall Street Journal ^ | 8/5/11 | S&P
    Standard & Poor’s took the unprecedented step of downgrading the U.S. government’s “AAA” sovereign credit rating Friday in a move that could send shock waves through global. The following is a press release from Standard & Poor’s: – We have lowered our long-term sovereign credit rating on the United States of America to ‘AA+’ from ‘AAA’ and affirmed the ‘A-1+’ short-term rating. – We have also removed both the short- and long-term ratings from CreditWatch negative. – The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in...
  • United States loses AAA credit rating from S&P

    08/05/2011 6:16:35 PM PDT · by Iam1ru1-2 · 29 replies · 1+ views ^ | August 5, 2011 |
    The United States lost its top-notch AAA credit rating from Standard & Poor's on Friday in an unprecedented reversal of fortune for the world's largest economy. S&P cut the long-term US credit rating by one notch to AA-plus on concerns about the government's budget deficits and rising debt burden. The move is likely to raise borrowing costs eventually for the US government, companies and consumers. "The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics,"...
  • Govt officials: US expecting S&P downgrade -- based on "serious mistake" in analysis*

    08/05/2011 5:04:57 PM PDT · by mandaladon · 77 replies
    ABC News ^ | 5 Aug 2011
    Two government officials tell ABC News that the federal government is expecting and preparing for bond rating agency Standard & Poor’s to downgrade the rating of US debt from its current AAA value. Official reasons given, one official says, will be the political confusion surrounding the process of raising the debt ceiling, and lack of confidence that the political system will be able to agree to more deficit reduction. A source says Republicans saying that they refuse to accept any tax increases as part of a larger deal will be part of the reason cited. The official was unsure if...