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News/Current Events (News/Activism)

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  • Dems, GOP spar over Petraeus testimony on Benghazi

    11/16/2012 9:53:55 AM PST · by Oldeconomybuyer · 8 replies
    CBS News ^ | November 16, 2012 | By Stephanie Condon
    Former CIA Director David Petraeus gave closed door briefings to Congress today. After the hearing, Democrats and Republicans disputed whether Petraeus has been consistent in his testimony, and whether the CIA talking points on the attack were altered. "The original talking points prepared by the CIA were different than the final ones put out," Reb. King [said]. Originally, he said, they were "much more specific on al Qaeda involvement." Rep. Dutch Ruppersberger, D-Md., didn't agree with King's recollection of the Sept. 14 briefing. Ruppersberger told reporters after the hearing, "My recollection was ... [Petraeus said] it was the result of...
  • Banks may shrink for good as layoffs near 160,000

    11/16/2012 9:39:51 AM PST · by Free ThinkerNY · 10 replies
    Reuters ^ | Nov. 16, 2012 | Sarah White
    (Reuters) - Major banks have announced some 160,000 job cuts since early last year and with more layoffs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two-to-one. A Reuters analysis of job cuts announced by 29 major banks showed the layoffs were much bigger in Europe than in Asia or the United States. That is a particular blow to Britain where the finance industry makes up roughly 10 percent of the economy. The tally of nearly 160,000 job cut plans, meanwhile, is likely to be a conservative...
  • Update On Obamacare Exchanges: GOP Govs Kasich, Pence and Walker Get It Right

    11/16/2012 9:36:55 AM PST · by inkling · 17 replies
    HughHewitt.com ^ | Nov. 16, 2012 | Hugh Hewitt
    Very good news on the Obamacare front as three more states seem likely to refuse to open a state-run "health insurance exchange," thus leaving it to the feds to operate the "exchange" in their state --Ohio, Indiana and probably Wisconsin.  They join Texas, Florida, Alaska, and probably Michigan, and among the big states, only Pennsylvania and New Jersey have yet to decide, and hopefully they will study the issue and follow the lead of these governors, as should Arizona's Jan Brewer, who is being urged by big insurance forces in her state to take the poison.  It looks like the...
  • Businessman: Jill Kelley Asked For $80M, Bragged of Petraeus Connection [The Korean Deal]

    11/16/2012 9:34:20 AM PST · by Steelfish · 24 replies
    ABC News ^ | November 16, 2012 | BRIAN ROSS
    Businessman: Jill Kelley Asked For $80M, Bragged of Petraeus Connection By BRIAN ROSS | ABC News A New York businessman who discussed a multi-billion-dollar Korean business deal with Jill Kelley said the Tampa woman at the center of the Petraeus scandal told him Gen. Petraeus had arranged for her to become an honorary consul for South Korea and promote free trade, and then asked him for $80 million to complete the deal. "Ms. Kelley made it clear to me that General Petraeus put her in this position, and that's why she was able to have access to such senior levels...
  • Hostess bankruptcy: Twinkies-maker Hostess Brands to go into liquidation, files for bankruptcy

    11/16/2012 9:33:44 AM PST · by LucianOfSamasota · 32 replies
    wptv.com ^ | Nov 16, 2012 | James O'Toole
    UPDATE: Twinkies-maker Hostess Brands says it has asked court to allow it to close its business and sell its iconic brands. PREVIOUS STORY: NEW YORK -- Is this the end for Twinkies? Hostess Brands said Wednesday that it will go into liquidation unless bakers striking in protest against a new contract imposed in bankruptcy court return to work by the end of the day Thursday. "We simply do not have the financial resources to survive an ongoing national strike," Hostess CEO Greg Rayburn said in a statement. The liquidation would result in Hostess' nearly 18,000 workers losing their jobs. The...
  • Once Again, Let's Not Increase the Debt Ceiling

    11/16/2012 9:24:17 AM PST · by SeekAndFind · 9 replies
    American Thinker ^ | 11/16/2012 | Jeffrey L. Scribner
    Are our politicians all gutless wonders? Almost two years ago, I suggested that the Congress not increase the debt ceiling. The debt ceiling was increased. No budgets were adopted. Spending continued. As of November 9, 2012 (this writing), the debt now stands at $16,245,318,820,569.34. Worse yet, the debt and the prospect of more of it is weighing down the economy. GDP growth remains very low, and consequently, federal government revenues are also lagging. The recent presidential election suggests that we will see more of the same. The Speaker of the House has proposed an extension of the current tax rates...
  • Concealed gun charge against ODU student dismissed(VA)

    11/16/2012 9:22:56 AM PST · by marktwain · 8 replies
    hamptonroads.com ^ | 16 November, 2012 | Patrick Wilson
    Misdemeanor charges of possessing a concealed handgun and an open container of alcohol in a vehicle against an Old Dominion University student were dropped in court. The charges against Te Edwards, 22, were dismissed Nov. 2, court records show. The charges stemmed from an investigation Aug. 4 near the 7-Eleven at 4720 Hampton Blvd. when police stopped the occupants of a vehicle and questioned them. Edwards said he had a loaded handgun in the glovebox. A change in Virginia law approved by the General Assembly in 2010 allows guns to be secured in a vehicle's glove box or in a...
  • Coast Guard: 4 injured, 2 missing in oil rig fire in Gulf

    11/16/2012 9:17:39 AM PST · by TigerClaws · 12 replies
    VENICE (AP) Coast Guard officials said an oil rig exploded off the coast of Louisiana, sending four people to hospitals Friday. Two were believed to be missing. Petty Officer 3rd Class Jonathan Lally, a spokesman for the Coast Guard, did not immediately have information on the conditions of those taken to hospitals.
  • Leaders call fiscal-cliff talks 'constructive'

    11/16/2012 9:10:03 AM PST · by illiac · 16 replies
    MarketWtach ^ | 11/16/12 | Robert Schroeder
    WASHINGTON (MarketWatch) -- Congressional leaders emerging from a White House meeting to avert the fiscal cliff labeled the discussions "constructive." House Minority Leader Nancy Pelosi said they should have a goal to avert the cliff by Christmas, while Senate Minority Leader Mitch McConnell and House Speaker John Boehner both said Republicans were willing to put revenue on the table to reach a deal.
  • Compassionate Conservatism Redux (Bush 43 got the votes to prove it. Was he on to something?)

    11/16/2012 9:09:28 AM PST · by SeekAndFind · 24 replies
    National Review ^ | 11/16/2012 | Jonah Goldberg
    I think I owe an apology to George W. Bush. William F. Buckley once noted that he was 19 when the Cold War began at the Yalta conference. The year the Berlin Wall came down, he became a senior citizen. In other words, he explained, anti-Communism was a defining feature of conservatism his entire adult life. Domestically, meanwhile, the Right was largely a leave me alone coalition: religious and traditional conservatives, overtaxed businessmen, Western libertarians, and others fed up with government social engineering and economic folly. The foreign-policy battle against tyrannical statism abroad only buttressed the domestic antagonism toward well-intentioned...
  • Dozen House women defend Rice over Libya comments

    11/16/2012 9:08:47 AM PST · by NCjim · 61 replies
    Associated Press ^ | November 16, 2012
    A dozen female members of the House staunchly defended U.N. ambassador Susan Rice against Republican criticism over her remarks on the deadly Sept. 11 Libya attack, suggesting the GOP lawmakers' comments were racist and sexist. "It is a shame that anytime something goes wrong, they pick on women and minorities," Rep. Marcia Fudge, D-Ohio, the next chairwoman of the Congressional Black Caucus, told reporters Friday at a Capitol Hill news conference. Republican Sens. John McCain and Lindsey Graham earlier this week called Rice untrustworthy and unqualified to be the nation's top diplomat if President Barack Obama chooses her to succeed...
  • Connecticuts Fiscal Mess. Democrats hid details of the ugly fiscal picture until after election.

    11/16/2012 9:06:13 AM PST · by SeekAndFind · 21 replies
    National Review ^ | 11/16/2012 | Jillian Kay Melchor
    As Congress considers massive tax hikes to fix the U.S. deficit, the state of Connecticut is worth a look. There, a similar strategy is failing epically. Governor Dannel Malloys budget chief told the state legislature on Wednesday that Connecticut was facing a $365 million deficit for this fiscal year. Thats nearly twice as big as the $205 million estimate released last week by the Office of Fiscal Analysis and the Office of Policy and Management. And its more than six times what Governor Malloy, a Democrat, had estimated before the election. If you think that discrepancy is suspicious, youre not...
  • Our National Malinvestment In President Obama Will Bring Painful Consequences

    11/16/2012 8:59:15 AM PST · by SeekAndFind · 3 replies
    Forbes ^ | 11/16/2012 | Mark Spitznagel
    The choice for the status quo made in last weeks presidential election was an uninformed oneat no fault of the votersmade in the fog of monetary distortion and Federal Reserve Chairman Ben Bernankes continuous campaign of disinformation. President Barack Obama managed to overtake Republican challenger Mitt Romney on the exit poll question Who is better for the economy? and a strong majority of Obama voters felt that the economy is better off than four years ago. Indeed, anyone (particularly Bernanke) would concede that without the Feds zero interest rate policy we would be experiencing a far worse economythe true Obama-Keynesian...
  • Its National Papa Johns Appreciation Day

    11/16/2012 8:29:19 AM PST · by Clint N. Suhks · 32 replies
    BEARINGDRIFT ^ | 11/16/12 | Lynn R. Mitchell
    Pizza. Its whats for lunch (or dinner) today, at least for many Americans who will support Papa Johns pizza chain to counter liberal calls to boycott the business. National Papa Johns Appreciation Day has been declared with a Facebook page as word has spread after liberals took offense to founder and owner John Schnatters remarks concerning Obamacare and its affect on his business. From Fox News: Daniel Wetter is just 16 years old, but his plan to support pizza chain Papa Johns amid a backlash of liberal criticism is no pie-in-the-sky idea. Wetter is part of an upstart group called...
  • The Tax Tango

    11/16/2012 8:47:08 AM PST · by SoFloFreeper · 5 replies
    National Review ^ | November 15, 2012
    John Boehner isnt selling out conservatives on taxes. All he has done is reiterate that Republicans are open to a tax-reform deal that generates extra revenues, so long as the entitlements that are driving our long-term debt explosion are also addressed. He has also said that this reform should not raise marginal tax rates, and should indeed lower them. A deal along those lines might be worth supporting, depending on the details. The White House is, however, insisting that the top tax rates have to go up as scheduled under the law and that even more taxes should be...
  • D.C. principal accused in parking lot beat-down

    11/16/2012 8:29:25 AM PST · by twister881 · 24 replies
    The Washington Examiner ^ | November 15, 2012 | Scott McCabe
    The principal of a District high school and two staff members have been accused of beating up a former co-worker after a homecoming football game. Thelma Jarrett, principal of Calvin Coolidge High School in Northwest Washington, surrendered to D.C. police Thursday morning on a warrant charge of simple assault. Jarrett and two other women, Donna Pixley, 52, and Bridgette V. Stevens, 42, are accused of hitting and kicking a former employee in a parking lot outside the high school football stadium in Northwest on Nov. 2. The victim, Rashida King-Hicks, told D.C. police she heard Jarrett say, "Get her, bitch!"...
  • Gaza conflict: Militant rocket targets Jerusalem

    11/16/2012 8:25:54 AM PST · by upchuck · 18 replies
    BBC ^ | Friday, November 16, 2012
    Hamas militants in the Gaza Strip have launched a rocket on Jerusalem - the first time the holy city has been targeted from Gaza. Israel Army radio said the missile landed just outside the city - and there are no reported casualties. An earlier missile targeted Tel Aviv. It comes amid mounting violence, following Israel's killing of Hamas's military chief on Wednesday. Egypt's leader has vowed to back Gaza in the face of "blatant aggression". Lieutenant Colonel Avital Leibovich told the BBC's Ben Brown, in Ashkelon: "We are here to defend our country" Twenty Palestinians and three Israelis have been...
  • Freep Poll for AG Ken Cuccinelli for VA Governor

    11/16/2012 8:18:19 AM PST · by Maelstorm · 8 replies
    http://bearingdrift.com/ ^ | 11/16/2012 | Bearing Drift Poll
    Bearing Drift: Virginia's Conservative Voice
  • Twinkie Maker Hostess to Close

    11/16/2012 8:17:04 AM PST · by radar101 · 55 replies
    WSJ ^ | November 16, 2012, | RACHEL FEINTZEIG
    Hostess Brands is seeking to liquidate. Hostess Brands Inc., the maker of iconic treats such as Twinkies and traditional pantry staple Wonder Bread, said Friday it is shuttering its plants and firing about 18,000 workers as it seeks to liquidate the 82-year-old business. The company, which filed for Chapter 11 in January, said it has requested bankruptcy-court authorization to close the business and sell its assets. A victim of changing consumer tastes, high commodity costs and, most importantly, strained labor relations, Hostess ultimately was brought to its knees by a national strike orchestrated by its second-largest union. The work stoppage,...
  • "The List", Obama's One Hundred and Ninety-Ninth Week in Office

    11/16/2012 8:13:41 AM PST · by Nachum · 6 replies
    Nachumlist.com ^ | 11/16/12 | Nachum
    President Obama's One Hundred and Ninety-Ninth Week in Office11/15/2012It's 3am and nobody's therePresident Obama takes a helicopter tour of New York to view Sandys devastation on the Big Apple for the first timeSandy victim to Obama: Where have you been?Obama, in Front of Church Devastated by Sandy: 'I'm Here' to Fix it As sex scandals surface, Panetta developing ethics training for generals?ObamanomicsBanks told by Fed to test for 12% unemploymentWeekly jobless claims rise to 439KFHA Nears Need for Taxpayer FundsN.J. lost nearly 12,000 jobs in OctoberSmithfield Plant to Layoff Workers in 2013 (520 jobs in Virginia)... Inflation Nudges UpJobless Claims...