Wholesale Inflation Skyrockets

February 19, 2009

WASHINGTON (AP) — Inflation at the wholesale level surged unexpectedly in January, reflecting sharply higher prices for gasoline and other energy products.

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Pope Chides Pelosi on Abortion, Life Issues

February 19, 2009

VATICAN CITY (AP) – Pope Benedict XVI received Nancy Pelosi, one of the most prominent abortion rights politicians in America, and told her Wednesday that Catholic politicians have a duty to protect life “at all stages of its development.” The U.S. House speaker, a Catholic, was the first top Democrat to meet with Benedict since […]

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UBS Opens Secret Files

February 19, 2009

UBS, the largest bank in Switzerland, agreed on Wednesday to divulge the names of well-heeled Americans whom the authorities suspect of using offshore accounts at the bank to evade taxes. The bank admitted conspiring to defraud the Internal Revenue Service and agreed to pay $780 million to settle a sweeping federal investigation into its activities.

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UK Stakes in RBS and Lloyds Add 1.5T Pounds in Debt

February 19, 2009

UK – National debt is already at levels not seen since the late 1970’s, hitting £703.4bn in January or 47.8pc of GDP, according to the ONS figures.

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Housing Groups Fear Obama Plan Falls Short

February 19, 2009

As many housing experts and consumer advocates applaud the arrival of the Obama administration’s new foreclosure plan, worries remain that the strategy isn’t broad enough to help the most vulnerable Americans keep their homes.

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Unintended Consequences: The Coming Auto Trade War

February 19, 2009

In December, the Bush administration offered the first reprieve of $17.4 billion to GM and Chrysler. A poet’s sense of irony and tragedy will prove useful as the Obama administration considers this week’s inevitable request for additional subsidies (sorry, “loans”) with the auto companies’ return to Washington.

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The Reality Sinks In for Post-Partisan America

February 19, 2009

It had been the great promise of Barack Obama. From the day he burst onto the national stage at the Democratic National Convention in 2004, he sold a dream not only of bridging a racial divide, but of bringing the blue states and the red states into a single mythical, post-partisan United States. It was […]

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PMA Group, Murtha Ally Raided by FBI, Got Earmarks From 1/4th of Congress

February 19, 2009

More than 100 House members secured earmarks in a major spending bill for clients of a single lobbying firm — The PMA Group — known for its close ties to John P. Murtha, the congressman in charge of Pentagon appropriations.

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KS Gov. Sebelius Likely Replacement Choice for HHS

February 19, 2009

WASHINGTON — Gov. Kathleen Sebelius of Kansas, an early Obama ally with a record of working across party lines, is emerging as the president’s top choice for secretary of health and human services, advisers said Wednesday.

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Underdogs May Have Their Day at Oscars

February 19, 2009

The favorite for best picture stars a cast of unknown Indian actors, is partially subtitled and almost never got released. Meanwhile, a crop of unheralded performers have stepped out of the shadows after years of relative obscurity to earn Oscar nominations alongside some of the biggest A-list names in Hollywood.

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