Steve McNair's Death is a Homicide, But Who Was the Killer?

July 6, 2009

“Former Titans quarterback Steve McNair was killed in a homicide, but it may be several days before police are ready to say whether the young woman found dead beside him was a victim of homicide or suicide.” McNair, considered one of the toughest players in the modern NFL, left behind his wife and four boys.

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Biden: "We Misread the Economy," Estimates Were Far Too Optimistic

July 6, 2009

The Veep acknowledges what everyone knows: “Biden acknowledged administration officials were too optimistic earlier this year when they predicted the unemployment rate would peak at 8 percent as part of their effort to sell the stimulus package. The national unemployment rate has ballooned to 9.5 percent in June — the worst in 26 years.”

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Sarah Palin's Surprise Resignation Splits Republican Party

July 4, 2009

The reactions pour in: “skeptics say Friday’s events diminished and perhaps even demolished what was left of her viability as a 2012 presidential candidate. But her defenders believed an unorthodox move, even if risky, has a clear logic and may only further increase her standing with conservatives who don’t care what establishment figures think.”

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China Cannot and Will Not Power a Global Economic Recovery

July 4, 2009

Why can’t China help? “If the U.S. economy is still weak in July 2010, Asia will have a hard time supporting growth from within. At the moment, stimulus efforts are starting from a low base. Over time, government spending and low interest rates may get less traction. The Asian market won’t close the gap.”

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Analysis: Sarah Palin's Strange Move – Is it a Timeout or a Flameout?

July 4, 2009

Andrew Malcolm weighs in: “A bold move. Naive? Long odds based on recent history…On the other hand, in this political age, 60 months ago who’d have predicted a little-known state senator out of the Chicago political machine with a proclivity to vote “Present” would be a U.S. senator, let alone the White House occupant?”

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Why Did Sarah Palin Resign? Three Possible Reasons And More

July 4, 2009

The editors and colleagues of The New Ledger weigh in on Sarah Palin’s shocking announcement that she will resign the governorship of Alaska: three possible reasons why she did it, what Republicans should take from the media assaults that led to her decision, and an answer to whether she’s got any shot at the presidency.

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Sarah Palin Announces She Will Resign Effective July 26

July 3, 2009

Hi Alaska, I appreciate speaking directly TO you, the people I serve, as your Governor. People who know me know that besides faith and family, nothing’s more important to me than our beloved Alaska. Serving her people is the greatest honor I could imagine. I want Alaskans to grasp what can be in store for […]

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Kevin Jonas Breaks Hearts: One Less Brother For Your Tweenage Daughter To Marry

July 2, 2009

We don’t get why, but expect the announcement that Kevin Jonas had proposed to his longtime (former hairdresser) Jersey girlfriend — “She said yes, yes, yes like 500 times super fast in a row,” according to this 21 year old musician — to prompt wailing, a pint of Ben & Jerry’s, and extensive LiveJournaling.

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Gallup Poll: Investor Optimism Gained in May, Destroyed in June

July 2, 2009

Don’t be surprised by what you see in the markets: “The Gallup Index of Investor Optimism tumbled 20 points to -21 in June, giving up May’s gain and essentially returning to where it was in April.” On the bright side, at least investors are less pessimistic about the economy than they were in February.

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467K Jobs Cut in June Boosts Jobless Rate at 9.5 Percent: Time To Rent the Couch

July 2, 2009

America has 14.7 million unemployed people, a number that represents a 26-year high of 9.5 percent. “June’s payroll reductions were deeper than the 363,000 that economists expected and average weekly earnings dropped to the lowest level in nearly a year.” Another jobless recovery (if it’s a recovery) is ensured, and ten percent, here we come.

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