President Obama announced the award of nearly $2 billion in economic stimulus funds for new solar plants, saying it will create thousands of jobs and boost the use of renewable energy. The announcement came just a day after a gloomy June employment report.
Although Lt. Gen. David Petraeus thinks the U.S. troop “surge” is finally starting to show some positive results, it may be too late to bolster the enthusiasm of several key Republicans in Congress who have joined their Democratic colleagues in challenging President Bush’s position on the Iraq war—which, along with the war in Afghanistan, is costing America $12 billion a month.
It’s the search engine company’s priciest acquisition in its eight-year history. We’re, like, really, really happy for YouTube founders Chad Hurley, 29, and Steven Chen, 27—instant mega-millionaires presiding over a video-sharing company still in the red.
In this time of record profits for oil companies, the House approved a measure to withdraw a $7-billion subsidy over the next five years. Unbelievably, 165 Republicans wanted to let the oil companies keep the public’s money.