article placeholder

3/18: An additional Trillion Dollars

WASHINGTON — With the country sinking deeper into recession, the Federal Reserve launched a bold $1.2 trillion effort Wednesday to lower rates on mortgages and other consumer debt, spur spending and revive the economy. To do so, the Fed will spend up to $300 billion to buy long-term government bonds and an additional $750 billion in mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac. Fed Chairman Ben Bernanke and his colleagues wrapped a two-day meeting by leaving a key short-term bank lending rate at a record low of between zero and 0.25 percent. Economists predict the Fed will hold the rate in that zone for the rest of this year and for most _ if not all _ of next year.
WASHINGTON (AP) - Attorney General Eric Holder signaled a change on medical marijuana policy Wednesday, saying federal agents will target marijuana distributors only when they violate both federal and state law. That would be a departure from the Bush administration, which targeted medical marijuana dispensaries in California even if they complied with that state's law.
WASHINGTON, March 18 (Reuters) - U.S. Attorney General Eric Holder said on Wednesday preserving a healthy newspaper industry was important and he was open to adjusting antitrust policy if it could help. "I'd like to think 20, 30, 40 years from now people will still be reading the newspaper," Holder told reporters. He was responding to a call by House of Representatives Speaker Nancy Pelosi, urging the Justice Department to give newspapers more leeway to merge or combine operations. "The policy is to go after those people who violate both federal and state law," Holder said in a question-and-answer session with reporters at the Justice Department.
article placeholder

Welcome to the 21st Century

If one was to judge by the calendar alone, the 21st century started eight years ago this week. Although, when people refer to the 21st century in conversation, often they aren't talking about the specific time...
article placeholder

Obama — the first six months

The economic crisis has literally changed the rules of government. The executive branch has overseen an injection of trillions of public funds into the private sector -- and without admitting it, has essentially conceded that American-style capitalism, which has been viewed as holy writ by economists, journalists, academics and politicians for 30 years, is not sustainable. There are still many unknowns about how Barack Obama will govern when he takes office later this month, but one thing is clear: Obama will have enormous power. [...]
article placeholder

Commentary: On Rick Warren

On January 20 the world will watch Rick Warren, a man who has compared gay marriage to incest and abortion to the Holocaust, give the invocation at President-elect Barack Obama's inauguration. Oddly enough,...
article placeholder

Election Day Predictions

Barack Obama will win tonight with at least 53 percent of the popular vote, making him the first Democrat since Jimmy Carter in 1976 to win a majority. Here are all of the polls released yesterday, the last...