Buffett Blasts Geithner

March 9, 2009

Treasury Secretary Timothy Geithner is having a bad week. And it’s only Monday. The negative reviews started this morning when Berkshire Hathaway Chairman Warren Buffett, an early supporter of Barack Obama, delivered a sobering edict on Geithner’s performance. During a three-hour appearance on CNBC’s “Squawk Box,” the Oracle of Omaha said the economy “has fallen […]

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Pentagon Says US Surveillance Ship Harrassed by Chinese Navy

March 9, 2009

WASHINGTON (CNN) — The Pentagon said Monday that Chinese ships harassed a U.S. surveillance ship Sunday in the South China Sea in the latest of several instances of “increasingly aggressive conduct” in the past week.

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AFL-CIO and US Steel Response to Cap-and-Trade May Spawn Trade War

March 9, 2009

Feb. 20 (Bloomberg) — President Barack Obama’s plans to limit greenhouse-gas emissions may be stymied by the specter of an international trade war. U.S. Steel Corp., American Electric Power Co. and the AFL- CIO, the largest U.S. federation of labor unions, are all pressing lawmakers for protection against imports from countries that won’t have to […]

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Debate: Is White House Economic Forecast Too Rosy?

March 9, 2009

Was President Obama’s economic forecast, as prepared by Christina Romer for the budget, too rosy? It estimated that the economy would shrink 1.2 percent this year and grow 3.2 percent in 2010, then grow at greater than 4 percent in 2011. Weigh the pros and cons of an optimistic forecast during a bad recession.

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Spencer: Years Later, NYT Reconsiders Bush Stem Cell Policy as "Careful Compromise"

March 9, 2009

Wonders never cease. The New York Times acknowledges President Bush’s “careful compromise” in finding a way to allow federal funding of human embryonic stem cell research.

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Burning Down Detroit

March 9, 2009

Detroit can come back, and so can the American auto industry that supports it. But the hard choice has to be made. It’s time to bombard the Motor City with urban policy chemo.

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GOP Lacks Leadership on Foreign Policy

March 9, 2009

During his first 45 days in office, President Obama has made several sharp departures from the foreign policies of the Bush administration that were shaped in the wake of the Sept. 11 attacks. Obama has announced a timetable for staggered withdrawal from Iraq. He has ordered 17,000 additional troops to Afghanistan and engaged in a […]

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Merck Buying Schering-Plough in $41B Deal

March 9, 2009

TRENTON, N.J. (AP) — Merck & Co. is buying Schering-Plough Corp. for $41.1 billion in stock and cash in a deal that gives the companies more firepower to compete in a drug industry facing slumping sales, tough generic competition and intense pricing pressures.

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Will Democrats Face a 1994 Repeat in 2010?

March 9, 2009

In The Eighteenth Brumaire of Louis Napolean, Karl Marx is commonly quoted as stating that history tends to repeat itself, the first time as tragedy, the second time as farce. Some conservative commentators see hope in Marx’s dictum, and believe that the stimulus bill, mortgage bailout, and Obama’s budget, combined with a shaky economy, are […]

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Anti-Terror Policy Fallout Continues for Yoo, Addington

March 9, 2009

WASHINGTON — When John C. Yoo, a former Justice Department lawyer, was selected by President George W. Bush in May 2004 to join a government board charged with releasing historical Nazi and Japanese war crimes records, trouble quickly followed.

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