Burris Will Cooperate With Senate Perjury Probe

February 17, 2009

U.S. Sen. Roland Burris said today he is open to a Senate ethics investigation into how he got the Senate seat from ex-Gov. Rod Blagojevich and that he has reached out to a Sangamon County prosecutor who is reviewing Burris’ sworn testimony before Illinois lawmakers.

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Track Your Stimulus Dollars

February 17, 2009

Here is the new up and running Recovery.gov website, where the Obama administration says taxpayers can follow how the $787 billion stimulus funds are spent.

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Stocks Collapse Worldwide as Worries Rise

February 17, 2009

NEW YORK – Investors are absorbing the reality of a deepening global recession — and dumping stocks on exchanges around the world. The major U.S. indexes dropped by well over 3 percent, sliding alongside other countries’ stocks. The Dow Jones industrial average sank near the multi-year lows it reached last November.

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A-Rod Says Relative Introduced Banned Drug

February 17, 2009

TAMPA, Fla. — Alex Rodriguez expanded on his admission last week that he used a banned substance earlier this decade, saying a cousin injected him with a drug designed to give an “energy boost.”

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Allen Stanford Accused of Massive, Ongoing $8B Fraud

February 17, 2009

Feb. 17 (Bloomberg) — U.S. regulators accused R. Allen Stanford of running a “massive, ongoing fraud” while selling about $8 billion in certificates of deposit through Antigua- based Stanford International Bank Ltd.

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Scheiber: A Semi-Defense of Tim Geithner

February 17, 2009

In the last few days, two prominent financial columnists have suggested the reaction to Tim Geithner’s speech last Tuesday was unfair. The Times Gretchen Morgenson says President Obama put Geithner in an impossible position with his persistent expectation-raising. Jim Cramer writes that the Geithner plan is fundamentally sound–it resists the temptation of nationalization, which would […]

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Bill Clinton: Don't Blame Me for Crisis

February 17, 2009

Given the sweep and severity of today’s global economic crisis, it would seem there’s plenty of blame to go around. But Bill Clinton doesn’t think any of it should fall on his shoulders.

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Facebook's New Terms of Service Sparks Privacy Debate

February 17, 2009

On an otherwise placid holiday weekend, one blog’s commentary on a change to Facebook’s terms of service created a firestorm of banter on the Web: does the social network claim ownership to any user content on the site, even if the user deletes it?

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Dems Popular: Congress Approval Rating Jumps to 31%

February 17, 2009

PRINCETON, NJ — Gallup’s latest congressional job approval rating, from a Feb. 9-12 poll, shows a sharp 12 percentage-point increase from last month, rising from 19% to 31%. While still quite negative on an absolute basis, this is the best rating for Congress in nearly two years.

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Don't Stop Believing

February 17, 2009

Barack Obama came to Washington as the first celebrity president in almost fifty years. Since taking office, he’s become the incredible shrinking man. The White House intends to retake command by engaging in a “permanent campaign.” But there is great risk in this strategy, and Obama’s staff should be cautious in how they deploy the most powerful brand in the world.

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