Really quite moving.
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Stimulus Spending Looms Large In Midterm Contests
52 seconds ago
Speaking at a news conference in Berlin, Zoellick said the World Bank estimated that a further 64 million people would fall into extreme poverty between 2009 and 2010 as a result of the crisis.Read More......
"We continue to see negative fallout from the economic crisis," Zoellick told a news conference in Berlin.
"For developed countries, it is a matter of jobs and economic growth. For too many poor countries, it is the searing pain of millions going hungry, getting sick, with the impact being felt on a generation of children for many years."
Bloomberg News is reporting that United Airlines plans to start charging $23 for a first piece of checked luggage, a 53 percent increase, to match fees by competitors Delta and Continental.How many days until the rest of the big carriers join the party? Read More......
A second bag will cost $32, up from $25, Robin Urbanski, a spokeswoman for Chicago-based parent UAL Corp. told Bloomberg. The prices apply to online check-ins only, with airport transactions $2 more for the first bag and $3 more for the second.
Our movement has wasted the opening months of this administration trying to denigrate voices from the outside who knew our civil rights were going to get backburnered because of 1) health care, 2) the endless military debacles, 3) all other progressive causes waiting in line that have been out in the cold for years. The only way to move ahead in the line when it comes to civil rights and a group -- LGBTs -- is to stop the glad handing and to have a plan, not fret over the gay netroots.Read More......
The bottom line is that LGBT rights are not seen by the vast majority of potential allies as worthy of moving up the action chain because of the baseless perception that we are a political liability for elected officials and not really hurting. The black tie gladhanding is not seen as any indicator that hardball politics is going to be played. These elected officials drained our ATM to get elected. They work for us. The shuffling and tap dancing time is over, people....
OK. I have to ask a question here. Where has Brian Bond, the Deputy Director of the White House Office of Public Engagement (aka the LGBT liaison) been during all of this? He's nowhere in this piece and he's supposed to be the Obama administration's primary contact with our orgs all this time. (BTW, Brian never did get back to me about any further WH plans to interact with LGBT New Media/citizen journalists, as the WH has with other interest-group media. Take what you want from that. )
This does raise a broader, more structural problem about our connections to the White House, since there are allegedly so many pro-LGBT people on staff - what is has been done to facilitate action so that it didn't come to this point?
The bank's large mortgage and credit card businesses have seen rising credit costs in the last year, offset only by record investment banking revenue.Read More......
JPMorgan said it set aside $4.2 billion to cover mortgage losses in the fourth quarter, up $653 million from the same quarter a year earlier.
Loan loss reserves in its commercial banking unit increased to $494 million from $190 million.
Prime mortgage net charge-offs -- loans the bank does not expect to be repaid -- soared to $568 million, or an annualized 3.81 percent of the book, from $195 million, or 1.2 percent, a year earlier.
One month after the September 11th attacks, Scott Brown was one of only three Massachusetts State Representatives to vote against a bill to provide financial assistance to Red Cross workers who had volunteered with 9/11 recovery efforts, we’ve learned.Um, I don't seem to remember any other politician crying poverty in the weeks after 9/11. And, the vote was 148 - 3. Brown was one of those three. Classy guy. He'd fit right in with Tom Coburn, Jim DeMint and David Vitter. He can't win on Tuesday. Read More......
The Brown campaign acknowledged the vote to us, claiming the measure would have taxed already-strained state finances.
President Obama plans to visit the state Sunday to campaign for Senate candidate Martha Coakley, according to two senior Democratic officials.This should help. The teabagger types are already riled up. We need our voters to feel it. And, there will be plenty of time to play the blame game if Coakley loses (although we're hearing that some of the White House brain trust have been assigning blame already, as if they're immune from any of the current feelings of ill-will in the electorate.) Read More......
A third Democratic source said that the event with Obama would likely be held in the Boston area, either in the city itself, or in one of two communities where Coakley is scheduled to campaign, Quincy and Framingham.
Officials at rival companies told Reuters that Citigroup employees will essentially receive at least 60 percent of their bonuses in cash or stock that can quickly be sold. That level is high compared to some rivals, which could help the bank retain employees.Boo hoo. Greedy until the bitter end. Read More......
But some Citigroup employees groused at the relatively low portion of the bonus that will come in cash.
QUESTION: On politics, there are indications that Massachusetts Senate race is tightening up. The DNC sent a top staffer there today. Does the president have any intention of going up to Massachusetts to campaign on behalf of Martha Coakley?Read More......
GIBBS: The president doesn't have any travel plans to campaign in Massachusetts.
QUESTION: Robert, why isn't the president going to campaign for Martha Coakley? It's a tight race, very important to (inaudible) essentially?
GIBBS: It's not on our schedule to go to next week.
QUESTION: And why is it not on the schedule?
GIBBS: It's just not on the schedule....
QUESTION: So just -- just not on the schedule. It seems the scheduler actually who has decided not to send him.
GIBBS: All I can say was, you didn't ask me that. We just -- it's not on the schedule as a trip the president's going to make.
Striking a populist tone, Obama called for a fee on the biggest U.S banks to "recover every single dime" the government spent rescuing the financial sector from its worst crisis since the Great Depression.Read More......
"My determination to achieve this goal is only heightened when I see reports of massive profits and obscene bonuses at some of the very firms who owe their continued existence to the American people," Obama said, reflecting increasingly harsh rhetoric toward the financial industry.
"We want our money back," he said.
Google said its investigation also showed that the accounts of dozens of Gmail users in the US, China and Europe who are advocates of human rights in China had been routinely accessed by third parties. This had not happened through an intrusion into its infrastructure, but probably through phishing scams or malware placed on the users' computers.Read More......
Ai, who helped to design the Bird's Nest stadium for the Olympics, came under pressure from authorities after leading a volunteer attempt to list all the children who died when their schools collapsed in the 2008 earthquake in Sichuan.
"We realised two months ago that our Gmail account [for the Sichuan investigation] had been invaded by someone who was transferring our emails so whatever we got, they got," he said. "Of course we changed the password but we later had problems again."
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