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Volcker
group30.org

Former Fed Chief: U.S. Already in a Recession

Former Federal Reserve Chairman Paul Volcker said Tuesday that the U.S. was already in a recession, despite the efforts of the U.S. government and other nations’ leaders to intervene. “I have seen a lot of crises but I have never seen anything quite like this one,” said Volcker, who headed up the Fed for eight years before Alan Greenspan took over in 1987.

Posted on Oct 14, 2008 READ MORE


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McCain
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McCain Announces Economic Plan

John McCain has laid out his plan for how he would help Americans recover from the recent shocks to the domestic and international markets. He took the action on Tuesday, a day later than he initially said he would and a day after Democratic presidential rival Barack Obama released his own economic plan—and McCain’s timing was not lost on the Obama campaign.

Posted on Oct 14, 2008 READ MORE



dailykos.com

The House That Todd Palin’s ‘Buddies’ Built

First Dude Todd Palin has said he and some “buddies” built his lakefront home in Wasilla, Alaska, but an investigation by the Village Voice connects the home’s construction, if circumstantially, to the beneficiaries of a local boondoggle championed by his wife.

Posted on Oct 13, 2008 READ MORE


Hitchens Calls Palin a ‘National Disgrace’

Christopher Hitchens has reached an endorsement by process of elimination. John McCain, he writes, isn’t up to the job, while “the only public events that have so far featured his absurd choice of running mate have shown her to be a deceiving and unscrupulous woman utterly unversed in any of the needful political discourses but easily trained to utter preposterous lies and to appeal to the basest element of her audience.”

Posted on Oct 13, 2008 READ MORE


Barack Obama
Flickr / Allison Harger

Obama’s New Deal

Barack Obama unveiled his $60-billion economic rescue plan on Monday and urged Washington not to wait for a new president to take up his proposals. The Obama plan includes tax breaks for companies that hire new workers, a short moratorium on foreclosures and, with an eye on job creation, federal financing for public works and infrastructure projects.

Posted on Oct 13, 2008 READ MORE



Collage: commons.wikimedia.org / senate.gov

McCain Changes His Tune

After Team McCain’s negative strategy over recent days seemed to hurt the Republican’s campaign more than help it, John McCain took a new tack on Monday, calling off the attack dogs—or at least reining them in a bit—during a speech in Virginia Beach, Va.

Posted on Oct 13, 2008 READ MORE



Flickr / BohPhoto

Obama Ahead by Double Digits

William Kristol was becoming apoplectic, Hillary Clinton was sounding optimistic, and the McCain campaign was being perhaps a tad unrealistic—or so read Monday’s political barometer as an ABC/Washington Post poll indicated that the Obama campaign had taken a 10-point lead in the presidential race.

Posted on Oct 13, 2008 READ MORE


NYSE
Wikimedia Commons / Asymptote Architecture

Stocks Zoom as International Financial Community Rallies

The Dow shot up more than 900 points Monday after nations around the world pitched into the effort to resuscitate the dangerously flagging global marketplace by announcing their own rescue plans.

Posted on Oct 13, 2008 READ MORE



AP photo / J. Scott Applewhite

In a Previous Life, Palin Loved the Media

Sarah Palin’s relationship with the press has been like that of a deer to high-beams, but it’s not for lack of practice. According to an Associated Press count, Palin clocked more than 300 interviews and news conferences in just 20 months as governor.

Posted on Oct 13, 2008 READ MORE



Wikimedia Commons / Hk1992

Markets Warm to Euro Bailout Plan

Stock traders in Asia and Europe seemed to like the news that European governments will coordinate with one another as they throw cash at troubled banks. The euro zone plan was announced on the heels of similar British and American schemes.

Posted on Oct 12, 2008 READ MORE


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