Suicide Attack Kills 48 at Pakistani Mosque

March 27, 2009

PESHAWAR, Pakistan – A suicide bomber demolished a mosque packed with hundreds of worshippers attending Friday prayers near the Afghan border, killing at least 48 people and injuring scores more, in the bloodiest attack in Pakistan this year.

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Happy Days Here Again? Stock Market's Rebound Continues at Astounding Pace

March 27, 2009

Strongest run in a year and a half continues on Wall Street with DJIA climbing 2.3%, bringing it to +21% from low on March 9. Tech stocks up, Best Buy posts improved outlook, and people are openly talking about the bear being gone for the foreseeable future. Should we believe in it? Will it last?

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United Nations Approves Religious Criticism Proposal

March 27, 2009

“The UN’s human-rights body approved a proposal by Muslims nations Thursday urging passage of laws around the world to protect religion from criticism.” Pakistani proposal has attracted fire in the past from free speech, human rights organizations, for legally shielding Islam from any criticism (such as cartoons of Muhammad). Only 11 nations opposed.

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Reid Considers Just Throwing the Whole Bipartisanship Thing Out on its Ear

March 27, 2009

One of the advantages of being in a legislative majority is getting to ignore the minority’s complaints in all but a few situations. Majority Leader Harry Reid has decided that, should the Republicans press the issue on a number of key proposals, he’ll just press the red button. In a manner of speaking.

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Jimmy Carter Redux: Will Obama be a One Term Blunder?

March 27, 2009

Bartle Bull, in classic British fashion, skewers the new administration and lodges a few key criticisms along the way. “The administration is in a fully fledged staffing crisis: having lost a record ten high-profile picks, it has scores of senior executive jobs unfilled—including every single treasury position below the department’s top job.”

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UConn Huskies Under Investigation From NCAA for Rules Violations

March 27, 2009

While ESPN always seems to try to claim credit, Yahoo Sports continues its story breaking ways: “The University of Connecticut violated NCAA rules in the recruitment of former guard Nate Miles, a six-month investigation by Yahoo! Sports has found.” The #1 UConn Huskies will be answering questions from Pedro Gomez forever now.

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Do the Wrong Thing: Obama's War on Giving

March 26, 2009

Why does President Obama seem so committed to using a specific tax policy to discourage people from doing the right thing with their money? In his press conference the other night, the President refused to acknowledge the very real ramifications of the tax policies he supports on American philanthropy, offering no help to important charities at the financial breaking point.

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Clinton: U.S. Drug Policies Failed, Fueled Mexico's Drug War

March 26, 2009

MEXICO CITY, March 25 — Secretary of State Hillary Rodham Clinton traveled to Mexico on Wednesday with a blunt mea culpa, saying that decades of U.S. anti-narcotics policies have been a failure and have contributed to the explosion of drug violence south of the border. “Clearly what we’ve been doing has not worked,” Clinton told […]

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States Consider Drug Tests for Welfare Recipients

March 26, 2009

CHARLESTON, W.Va. (AP) — Want government assistance? Just say no to drugs. Lawmakers in at least eight states want recipients of food stamps, unemployment benefits or welfare to submit to random drug testing.

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Worse Than Expected: US Economy Shrank 6.3%, Profits Decline 16.5%

March 26, 2009

March 26 (Bloomberg) — The U.S. economy shrank in the fourth quarter more than previously estimated, leading to the biggest plunge in corporate earnings in a half century and underscoring why companies are slashing payrolls this year.

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