Here’s the read from Reuters: “German President Horst Koehler unexpectedly resigned on Monday after a wave of criticism over his comments about military action abroad…”
This morning news reports say the White House says, the oil could keep leaking, really gushing, into the Gulf for months. "After failure of 'top kill,' relief wells in August are seen as may be the best hope to stop the leaking oil. A top adviser said, 'We are prepared for the worst.'
Well, what next Mr. President Obama?
Israeli Prime Minister Benjamin Netanyhu is scheduled to meet President Obama in Washington on Tuesday for talks on the Middle East peace process. I wonder how will the Israeli attack on a peace convoy this morning affect those talks and American politics.
Did Israeli forces deliberately commit murder? Israeli forces attacked a peace convoy in international waters that was carrying food aid to the people trapped by the Israeli blockade of Gaza. At least sixteen people were killed and hundreds were wounded. The peace activists say they will continue to try to bring food and medicine to the people of Gaza.
"The objective of keeping the AAA rating is an objective that is a stretch, and it is an objective that, in fact, partly informs the economic policies we want to have. We must maintain our AAA rating, reduce our debt to avoid being too dependent on the markets, and we must do this for the long term,” said France’s Budget Minister Francois Baroin.
Later this year France says its debt will hit 8% of their GDP, though they say they will try to bring it down to 3%, the EU goal, by 2013.
threatening senators and other elected officials, spewing racial epitaphs, and carrying guns to political rallies just because they can.
Yesterday, Thursday, the US House of Representatives voted to repeal the so-called "Don't Ask, Don't Tell Policy," the law that allows gays and lesbians to serve in the military only if they don't disclose their sexual orientation. See the video.
The offshore oil fiasco could not have come at a worse time for Obama. His approval numbers aren’t great, but they’re not bad, and he could easily have coasted into the Fall election season on health care and financial reform legislative victories, framing the fall elections to a certain point as a referendum by the nation on the Congressional fate of the climate change bill. But, alas, he’s stuck in the crossfire of the BP disaster. And when I say crossfire, I mean crossfire.
I spend a lot of time on Facebook, though little of it is as myself. I do it for companies, I do it for research, and I do it as a blogger trying to get my work out into the web. But for most people, Facebook is an escape and a distraction, a welcome one that offers community, games and an interesting diversion from whatever else is going on that day in their lives. People have found it compelling enough to make it more populated than the United States.
But now the gigantic social network is facing both a user backlash and government questions about its privacy policies and options.
What these chiefs said to the press can be summed up as: When law enforcement becomes political, justice suffers, and law enforcement suffers too. The work of policemen becomes more difficult
This morning the New York Times, citing a memorandum released last night, Tuesday, addressed to members of the House Committee on Energy and Commerce, reports, BP had strong warning signs that something was terribly wrong with their Gulf well oil rig, hours before it exploded last month, killing eleven human beings and releasing a gushing oil spill, which is killing many fish and wildlife. and is polluting the waters of the Gulf.
The American dream has always been just an idea, a goal for working class and middle class families to thrive to achieve. The poll indicates America's growing disillusionment.
Yesterday, Tuesday, President Obama asked Congress for $500 million for border security and announced that he will send up to 1,200 National Guard troops to the U.S.-Mexican border.
Reuters reported that, "The troops will provide intelligence, surveillance and reconnaissance support, intelligence analysis, immediate support to counter-narcotics enforcement and training capacity until the Customs and Border Patrol agency can recruit and train more border officers." Of course the Republican response is that this isn't enough. Arizona's two U.S. senators, John McCain and Jon Kyl, have introduced a Senate amendment to force Mr. Obama to deploy 6,000 National Guard troops to the border.
Since both have different versions of the legislation, they need to be meshed, and the traditional way to do that is to bring together a dozen lawmakers from each the Senate and the House. The Senate, for once, is out in front of the House on this one, having announced their members.
Most of the time when I talk about politics being money, it’s about politicians getting more of it for doing the things their lobbyists want them to do, or about campaign trails, or about backroom deals that I figure go one to make this or that legislation happen. But right now, the politics of money isn’t making anybody rich- right now, the politics of money is all about what’s going on with the euro. More rightly, what’s not going on with the euro. It’s not recovering like it should be when governments invent money to keep their currencies alive.
Washington is getting worried about euro troubles, that they are going to slow down the global recovery. I would say so. The Spanish banks are getting a bailout. EU officials are calling Germany out on not being so collegial.
The New York Times says that executives on Wall Street are privately relieved. The financial-regulatory reform bill the Senate passed last week will not fundamentally change how the financial industry does business.
Quote from the New York Times -- "Despite the outcry from lobbyists and warnings from conservative Republicans that the legislation will choke economic growth, bankers and many analysts think that the bill approved by the Senate last week will reduce Wall Street’s profits but leave its size and power largely intact."