Buck Leads Bennet in Colorado
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Alex Conant, a spokesman for the Republican National Committee, used the Richardson pick to criticize Obama for picking numerous people with ties to Bill Clinton. "The Clinton band is getting back together," Conant said. "Nothing says change like picking the Clinton administration's energy secretary and U.N. representative to be commerce secretary."Reader Robert just emailed me the following response:
Apparently, the GOP misunderstands the whole idea of "change." By "change," obama means bringing in people who *aren't* idiots. That's a fairly massive change right there, wouldn't you say?Read More......
Over all, the report found, published college tuition and fees increased 439 percent from 1982 to 2007, adjusted for inflation, while median family income rose 147 percent. Student borrowing has more than doubled in the last decade, and students from lower-income families, on average, get smaller grants from the colleges they attend than students from more affluent families.Read More......
“If we go on this way for another 25 years, we won’t have an affordable system of higher education,” said Patrick M. Callan, president of the center, a nonpartisan organization that promotes access to higher education.
“When we come out of the recession,” Mr. Callan added, “we’re really going to be in jeopardy, because the educational gap between our work force and the rest of the world will make it very hard to be competitive. Already, we’re one of the few countries where 25- to 34-year-olds are less educated than older workers.”
Although college enrollment has continued to rise in recent years, Mr. Callan said, it is not clear how long that can continue.
“The middle class has been financing it through debt,” he said. “The scenario has been that families that have a history of sending kids to college will do whatever if takes, even if that means a huge amount of debt.”
But low-income students, he said, will be less able to afford college. Already, he said, the strains are clear.
Now that President-elect Barack Obama’s Cabinet is, by his count, half picked, the odds are fading that he’ll have more than one Republican on his team — suggesting that his campaign promise to include Republicans may have meant nothing more than the usual token appointment from the other side.Only one Republican in his cabinet. Now, sure, Obama saved Joe Lieberman, John McCain's biggest supporter, from a certain political death. But how many Joe Lieberman's has Obama saved? Just one. Anyone else seeing a pattern here? To paraphrase CQ, the odds are fading that Obama will save more than one Joe Lieberman, more than one political enemy who was out to destroy him. (Well, okay, two if you count reaching out to Hillary, but I'm on a roll here, so let's ignore her for the moment.)
For the rainbow cabinet of the nation’s first African American president, Mary Beth Maxwell is the perfect labor secretary you’ve probably never heard of: a gay woman, community organizer and labor leader with an adopted African American son. And this founding executive director of American Rights at Work is about to get the full-court press.Appointing Maxwell is also a smart way for the Obama administration to circumvent rumblings in the gay community to repeal "Don't Ask Don't Tell" in the opening months of Obama's first term, a move some think might prove a bit too aggressive for a new administration that's supposed to be focusing on the economy. A gay Labor Secretary is not the equivalent of solving the gays in the military problem, but it is one hell of a step forward for civil rights and "change," and it's one hell of a comeback to anyone who tries to claim that Obama isn't coming through on his support for the entire civil rights community. Read More......
Maxwell already had the strong backing of former Rep. David Bonior, who despite repeated attempts to get his name removed from consideration continues to be on the short list of potential labor secretaries. Bonior, 63 years old, says it is time for his generation to turn over power to a new generation, and Maxwell, whose labor-backed organization pushes for expanded collective bargaining rights, is his pick.
Some labor leaders from both the AFL-CIO and Change to Win, a splinter union group led by the Service Employees International Union, back her as a consensus choice, citing her efforts on behalf of legislation to allow unionization at workplaces with the signing of cards, not secret balloting.
A top Chrysler executive warned Wednesday that a carmaker collapse could send the economy spiraling into a depression, while the United Auto Workers agreed to new concessions for their companies.Not to mention, consumers, and the markets, really doesn't need to hear people throwing the d-word around. I suspect we have no choice but to bail Detroit out, but if we don't do it right we're going to be bailing them out again and again and again every 3 to 6 months (think never-ending Iraq war supplementals). Read More......
Jim Press, Chrysler's vice chairman, said the U.S. automakers were "down to months left," as industry officials ratcheted up a fierce lobbying push to persuade Congress to approve as much as $34 billion in emergency aid.
"We're on the brink with the U.S. auto manufacturing industry," Press told The Associated Press in an interview. "If we have a catastrophic failure of one of these car companies, in this tender environment for the economy, it's a huge blow. It could trigger a depression."
Merrill Lynch & Co. plans to cut year-end bonuses in half after more than $20 billion of losses that forced the U.S. securities firm to sell itself to Bank of America Corp., Bloomberg News reported Wednesday, citing two people with knowledge of the situation said. The average bonus reduction will be about 50% at the New York-based company, and some traders and investment bankers will face steeper cuts, the report said. While employees won't find out their bonuses until later this month, division managers are being told now how much they'll get to distribute, it said.Read More......
“Sarah Palin came in on the last day, did a fly-around and, man, she was dynamite,” Chambliss told Fox News on Wednesday. “We packed the houses everywhere we went. And it really did allow us to peak and get our base fired up.”Now, a lot of Republicans aren't too comfortable with that prospect, hence the return of Jeb Bush. As predicted yesterday, Jeb is setting himself up to run for Senate from Florida according to an email he sent to Politico. I suspect the retirement of Mel Martinez was choreographed by the Bush team to get Jeb back in the game. They're not going to cede their party to Sarah Palin. Read More......
Chambliss beat Martin by three points on Nov. 4 but did not reach 50 percent of the vote, making a runoff necessary. However, the incumbent easily beat his challenger Tuesday, more than quadrupling his margin of victory, and in the process kept Democrats from reaching a filibuster-proof Senate majority.
Chambliss heaped praise on Palin, saying she has a “great future” in the GOP.
“I can’t overstate the impact she had down here. All these folks did a great job coming in,” he said, referring to former presidential candidates Mike Huckabee and Rudy Giuliani. “They all allow you [to] add momentum to where we were in the campaign. But when she walks in a room, folks just explode.”
President-elect Barack Obama will name New Mexico Gov. Bill Richardson to head the Commerce Department at a news conference today in Chicago, according to transition sources.And, as a sign of the GOP desperation, check out the criticism of Richardson from the RNC:
Richardson will appear alongside Obama at 11:40 a.m. Eastern time, and his nomination will mark the latest in a series of moves by the president-elect to put his Cabinet in place well before he takes office Jan. 20.
Alex Conant, a spokesman for the Republican National Committee, used the Richardson pick to criticize Obama for picking numerous people with ties to Bill Clinton. "The Clinton band is getting back together," Conant said. "Nothing says change like picking the Clinton administration's energy secretary and U.N. representative to be commerce secretary."Wow, Alex Conant, that's so tough. Most Americans, even a lot of GOPers, would welcome a return to the economy of Bill Clinton instead of the one George Bush and his cronies have foisted on us. And I bet, most Americans, including lot of GOPers, are very happy that Obama is bringing in a seasoned and competent team to get this nation back on track. The RNC is pathetic. Read More......
November layoffs at U.S. firms surged to their highest monthly level in nearly seven years during November, led by the financial and auto sectors, according to separate reports released Wednesday.Read More......
Job cuts announced in November totaled 181,671, up 61 percent from October and 148 percent higher than November 2007, when job cuts totaled 73,140, outplacement firm Challenger Gray & Christmas said in a report released on Wednesday.
A separate report by ADP Employer Services put the November job cuts at 250,000 jobs.
The November planned layoffs was the largest monthly toll since January 2002, when employers announced a record 248,475 planned layoffs.
The most dramatic job cuts cited for November was Citigroup's plan to reduce its payroll by 52,000 employees.
Overall, financial sector layoffs announced totaled 91,356 in November, the report said.
Banks will face huge fines if they do not treat their customers fairly, under a crackdown to be announced by the Government today.Read More......
Ministers have decided to turn the voluntary code of practice operated by the banks into a legally-binding one, amid mounting concern that they are flouting their own rules during the credit crunch. The move follows claims that small businesses and individual customers have had the terms and conditions of their loans and overdrafts changed overnight by their banks.
Small firms have complained to ministers that they have received letters or emails unilaterally changing agreements, demanding that homes are put up as collateral for loans and giving customers just 48 hours to sign up to such new arrangements. "There is mounting evidence that the banks are not sticking to their own code," one government source said last night.
A statutory code, opposed by the banks, will be announced by the Chancellor, Alistair Darling. It will complement a Banking Bill in the Queen's Speech today – which aims to prevent a repeat of the crisis which engulfed banks this autumn. The new code will be policed by the Financial Services Authority. The watchdog is expected to be handed powers to impose unlimited fines on banks which breach the code and to take "enforcement action" against those who refuse to change bad practices. The most severe punishment under the existing code is public censure by the board which oversees it.
Although a legally-binding code would not force the banks to lend more to businesses and householders, ministers will increase the pressure on them to "unblock" the system.
State hospitals and clinics have been shut across the country and the lack of money to buy water treatment chemicals means many major urban centres have not had clean water for over a year. Because of the breakdown in the water system, residents are having to drink from contaminated wells and streams.Read More......
"There is a general sense that everything is beginning to break down," said a senior Western diplomat, who described the situation in Zimbabwe as "low-grade anarchy" rather than a "mutiny".
In a clear sign that President Mugabe's hold on his state security machinery is starting to crumble, his once-loyal soldiers ran amok across the capital on Monday after they failed to access their paltry wages in the cash-strapped banks. The unarmed soldiers fought with heavily-armed police and several were arrested.
It was the third outbreak of such violence since last Thursday. The sight of rampaging soldiers was then unprecedented. Army sources said an inquiry had already begun, with dozens facing courts martial. Unconfirmed reports say three of the 12 soldiers who took part in Thursday's riot have been killed.
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