Economy Exceptions: Netflix Breaks 10 Million Subscribers

February 13, 2009

We can’t say the economic crisis has been too kind to every industry, but it’s been a best friend to Netflix.

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Axelrod Points Finger at Cheney, Rove

February 13, 2009

LOIS ROMANO: We saw a bumpy roll-out to the banking rescue plan. What happened? MR. AXELROD: Well, I think it was a bumpy roll-out because Wall Street was hoping for a complete answer to some really complex and expensive problems, and what Secretary Geithner laid out didn’t meet those expectations, but he laid out a […]

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China Continues Using Aid to Buy Up Africa's Minerals and Labor

February 13, 2009

BAMAKO, Feb. 12 (Xinhua) — Chinese President Hu Jintao Thursday vowed to increase aid to African countries, cancel part of their debts, and expand trade with and investment in these countries. Hu made the statement while meeting with his Malian counterpart Amadou Toumany Toure.

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Gregg Remains a Senator, But Will Retire in 2010

February 13, 2009

New Hampshire Republican Sen. Judd Gregg has withdrawn his name as Commerce Secretary citing “irrevocable conflicts” with the Obama Admnistration. Gregg did not resign from the Senate after Obama offered the nomination, so he will remain in Washington although a source tells me Gregg will NOT run for re-election in 2010.

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Economy Hits Even Biggest, Fastest Growing, Most Profitable Law Firms

February 13, 2009

DLA Piper is set to announce associate and staff layoffs across its U.S. offices later today. Ann Ford, a member of the firm’s executive committee, tells Legal Times that 80 associates and 100 staff members will be laid off by the end of the day. Ford says this is the first time the firm has […]

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Year of the Unending Bailout: US Plan to Stop Foreclosures

February 13, 2009

Thursday’s rally by US bank stocks could be based on real news: an anti-foreclosure plan worth roughly $50B. Details are still sketchy, but the basic idea is a subsidy to create a reduction in monthly payments for qualified borrowers. Treasury Dept watch continues in the AM.

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Juan Williams Under Fire From Angered NPR Listeners

February 13, 2009

“NPR has more than 400 reporters, editors, producers and analysts on its news team, and none is more of a lightning rod than Juan Williams.” This candid statement from NPR’s ombudsman says a great deal more about their willingness to tolerate even a modicum of political disagreement than it does about Mr. Williams.

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Tapper Alert: Caterpillar CEO Directly Contradicts POTUS's Statements

February 13, 2009

After the President repeated the claim that Jim Owens, CEO of Caterpillar, said if Congress passes stimpack, he’ll rehire some of the 22,000 laid off last month, Tapper digs deeper – and Owens says the exact opposite. “The truth is we’re going to have more layoffs before we start hiring again”

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Labour Gives Up

February 13, 2009

The race to succeed Gordon Brown is in earnest in the wake of major policy failures, represented recently by the change in leadership at the Financial Services Authority. “The party understood how to win, but not how to govern.” “We’ve been in power 12 years, give us a break.” Americans may find such sentiments familiar.

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Firm Pressure From Obama Worked in Wake of Mumbai Attacks

February 13, 2009

Why did Pakistan start shaping up? “According to sources, Pakistan’s admission had a lot to do with its precarious finances and a threat of aid cut-off by the US which is trying to undercut its dependence on Islamabad for the success of the fight against Taliban.” Well done, President Obama. Let’s hope for follow-through.

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