Can You Believe It? Drug Makers Raising Prices Before Reform Passes

November 16, 2009

How dare they maximize profit: “Harvard health economist, Joseph P. Newhouse, said he found a similar pattern of unusual price increases after Congress added drug benefits to Medicare a few years ago… Just as the program was taking effect in 2006, the drug industry raised prices by the widest margin in a half-dozen years.”

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CIT's Bankruptcy Raises New Questions

November 16, 2009

“Today, CIT is in bankruptcy court, and the taxpayers’ investment is on the brink of being wiped out. It would be the largest loss so far from the government’s massive rescue of the financial system, but it isn’t likely to be the last… Analysts expect more bailed-out firms to fail in the months ahead.”

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US Seeks to Seize Mosques, Tower Tied to Iranian Government Funds

November 13, 2009

“In what could be one of the biggest counterterrorism seizures in U.S. history, federal prosecutors sought to take over four U.S. mosques and a New York City skyscraper owned by a Muslim organization suspected of being controlled by the Iranian government.” Seizing houses of worship should spark reactions.

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Stupak: "There Will be Hell to Pay" When Abortion Amendment is Removed

November 13, 2009

Stupak maintains pro-life Democrats have spines when his language is removed: “There will be hell to pay. I don’t say it as a threat, but if they double-cross us, there will be 40 people who won’t vote with them the next time they need us—and that could be the final version of this bill.”

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A.Q. Khan: Pakistan Fully Stocked its Uranium Supply From China 27 Years Ago

November 13, 2009

“The uranium transfer in five stainless-steel boxes was part of a broad-ranging, secret nuclear deal approved years earlier by Mao Zedong and Prime Minister Zulfiqar Ali Bhutto that culminated in an exceptional, deliberate act of proliferation by a nuclear power, according to the accounts by Khan, who is under house arrest in Pakistan.”

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Welcome to New York, Khalid Sheikh Mohammed and Pals

November 13, 2009

Get ready for a whole host of legal issues and challenges now that these terrorists are on US soil. “Khalid Sheikh Mohammed, alleged mastermind of the Sept. 11, 2001, terrorist attacks, and four others accused in the attacks will be put on criminal trial in New York, Attorney General Eric Holder is expected to announce.”

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The Republican National Committee has Covered Elective Abortions for Eighteen Years

November 13, 2009

Blame Lee Atwater? Maybe. “Money from our loyal donors should not be used for this purpose,” Chairman Michael Steele said in a statement. “I don’t know why this policy existed in the past, but it will not exist under my administration.” Surprising: it only took eighteen years for the press to notice.

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China's Rise Parallels America's Decline, at Least on the Surface

November 12, 2009

“Those who take pleasure in America’s discomfort point out that this global economic colossus has become shackled to the world’s largest pile of international debt and pulled down by a sinking currency. By common consent China is the chief beneficiary of the financial debacle and a serious challenger to US hegemony.” Inevitable, or illusion?

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Health Care Surtax Applies to Capital Gains

November 12, 2009

Democrats are funding their new entitlement with a 5.4% surtax on incomes above $500k. “The surcharge is intended to snag the greatest number of taxpayers to raise some $460.5 billion, and so the House has written it to apply to modified adjusted gross income. That means it includes both capital gains and dividends.”

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Obama Rejects All War Options, Afghan Ambassador Disapproves of More Troops

November 11, 2009

They give a Nobel Prize for inability to make a command decision, right? “President Barack Obama does not plan to accept any of the Afghanistan war options presented by his national security team, pushing instead for revisions to clarify how and when U.S. troops would turn over responsibility to the Afghan government.”

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