Tag Archives: economy

WorldNetDaily is claiming that 1 million Americans turned out for Wednesday’s tea bag protests. An estimated 1 million Americans participated in at least 1,000 tea parties, according to reports by organizers tabulating the nationwide numbers, with documented protests held in 50 states. Grover Norquist, president of Americans for Tax Reform told WND, “The Obama administration has awakened a sleeping giant.” …

Gotham’s foodies are crying in their $40/lb goat cheese over the news that both of NYC’s fancy-schmancy Balducci’s are closing. Balducci’s, the storied high-end grocery chain that first opened in Greenwich Village 63 years ago, is closing its two Manhattan locations at the end of the month. Balducci’s is probably best remembered by New Yorkers for its store on Sixth …

“This is an unconstitutional ruling and another example of activist judges molding the Constitution to achieve their personal political ends. Iowa law says that marriage is between one man and one woman. If judges believe the Iowa legislature should grant same sex marriage, they should resign from their positions and run for office, not legislate from the bench. “Now it …

As widely predicted, London’s financial district is seeing rioting mobs today as President Obama meets with world leaders during the G-20 Summit. As President Obama was holding one-on-one meetings Wednesday with the leaders of Russia and China, thousands of protesters marched in the streets of London, and there were several violent clashes with police. A mob of protesters, many of …

These days when the president tells you to resign, you do it. The Obama administration asked Rick Wagoner, the chairman and CEO of General Motors, to step down and he agreed, a White House official said. On Monday, President Barack Obama is to unveil his plans for the auto industry, including a response to a request for additional funds by …

Rachel Maddow tears into the GOP’s proposed budget.

TV’s talking heads are giving President Obama rave reviews for last night’s press conference. (Via – Americablog)

(Via – Andrew Sullivan)

Gothamist reports the MTA’s proposed fare hikes, which will likely come unless the state grants a huge bailout. -Single rides would go from $2 to $2.50—a 25% hike-7-day unlimited cards would be $31 (now $25)—a 24% hike-14-day unlimited cards would be $59 (now $47)—a 25% hike-30-day unlimited card would be $103 (now $81)—a 27% hike A $22 hike in the …

Wow, Sen. Charles Grassley (R-IA) didn’t pull any punches when it comes to the AIG execs taking responsibility for the company’s woes. “I suggest, you know, obviously, maybe they ought to be removed,” Grassley said. “But I would suggest the first thing that would make me feel a little bit better toward them if they’d follow the Japanese example and …

The reliable Frank Rich writes in today’s NYT: The family-values dinosaurs that once stalked the earth — Falwell, Robertson, Dobson and Reed — are now either dead, retired or disgraced. Their less-famous successors pumped out their pro forma e-mail blasts, but to little avail. The Republican National Committee said nothing whatsoever about Obama’s reversal of Bush stem-cell policy. That’s quite …

The NAACP is suing two major banks, claiming they engaged in racist lending practices. The NAACP filed lawsuits Friday against two of the nation’s largest mortgage lenders — HSBC and Wells Fargo — alleging “systematic, institutionalized racism” in their subprime lending.NAACP CEO Benjamin Jealous says, “We are not seeking damages; we just want them to fix the problem.” We have …

Over at The Atlantic, Richard Florida thinks the current economic crisis will result in the most radical redrawing of the physical American landscape since the onset of the Industrial Age. The housing bubble was the ultimate expression, and perhaps the last gasp, of an economic system some 80 years in the making, and now well past its “sell-by” date. The …

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One bright light in all these economic woes – states are realizing that it’s cheaper to incarcerate a prisoner for life than to put them to death. Death penalty advocates have always argued that a single shot from a needle is “pennies per prisoner” justice, but that is light years from the truth and states are finally getting the picture. …

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“I have to say, that when we say, ‘Who killed the Rocky Mountain News,’ we’re all part of it, for better or worse, and I argue it’s mostly for the better. We can’t just kill it and walk away. It’s important for all of us to reach out to some of those on the other side and present the progressive …

Playboy Magazine, of all sources, is claiming that this weekend’s “tea party” anti-Obama rallies around the nation were not, in fact, a spontaneous burst of grassroots outrage prompted by CNBC host Rick Santelli’s viral YouTube clip, but were actually a carefully plotted campaign planned months ago. What hasn’t been reported until now is evidence linking Santelli’s “tea party” rant with …

To about about a no-frills airline: Irish carrier Ryanair, Europe’s largest budget airline, might start charging passengers for using the toilet while flying, chief executive Michael O’Leary said on Friday. “One thing we have looked at in the past and are looking at again is the possibility of maybe putting a coin slot on the toilet door so that people …