Swedish Meatballs
5 hours ago
California prepared on Tuesday to resort to issuing IOUs as the giant but cash-strapped U.S. state struggled to approve a new budget in time for the new fiscal year that begins on Wednesday.So much for Arnold saving the state. This crisis is going to really hurt those who can least afford it. That's the real tragedy. Read More......
The IOUs, which are notes promising payment to vendors and local agencies, or shutting down some public services, are among measures that California and other states may have to rely on as they contend with staggering budget gaps caused by the U.S. recession.
Several U.S. states are due to start their fiscal years on July 1 with budget talks at an impasse. California, the most populous state, is especially hard hit.
The Golden State, hit by a leap in unemployment and a crash in property values, is suffering its worst tax revenue fall since the Great Depression and faces a $24.3 billion budget deficit.
"It's been a sort of perfect storm, of a very deep recession hitting us and exposing the weakness of depending on revenue sources sensitive to economic cycles," labor lobbyist Barry Broad said.
I want to clear up one thing re: DOMA.Read More......
Obama is required to obey the law. He is not required not to challenge the constitutionality of the law in court.
These are entirely different things. Our complaint about Bush was that he made up his own interpretations of laws--a rogue administration. That's not what we're asking of Obama. We're asking him to go into court to question whether the law is actually legal.
Why don't people understand this? And why does Obama either lie or just act confused about this himself?
Ann Northrop
Home prices fell again in April, but at a slower rate, suggesting some parts of the housing market could be stabilizing, according to the Standard & Poor's/Case-Shiller Home Price Index released today.Read More......
The closely watched home index found that, nationwide, prices declined 18.1 percent compared with April 2008. That was slower than the 18.7 percent decline seen in March.
Florida Governor Charlie Crist is running for the U.S. Senate next year, and we wonder if one reason is that he doesn't want to be in Tallahassee when the next hurricane hits his state. His veto of a hurricane insurance reform bill last week all but guarantees a state disaster on top of any wrought by Mother Nature.Oh, that's what they meant. Hurricane insurance is somehow akin to Fannie Mae. Sure. That seems like a bit of a stretch, doesn't it? I think the WSJ is playing some games here. Read More......
The bill would have trimmed the cost of a state-run enterprise that insures homeowners against storm damage. The program has an $18 billion unfunded liability and has taxpayers on the line for tens of billions in property losses from the next major hurricane. The Republican legislature tried to reduce those future losses, but Mr. Crist sounded like Barney Frank rolling the dice on Fannie Mae in declaring there's nothing to worry about.
The Minnesota Supreme Court on Tuesday ordered that Democrat Al Franken be certified as the winner of the state's long-running Senate race, paving the way for a resolution in the seven-month fight over the seat.Read More......
The high court rejected a legal challenge from Republican Norm Coleman, whose options for regaining the Senate seat are dwindling.
Justices said Franken is entitled to the election certificate he needs to assume office. With Franken and the usual backing of two independents, Democrats will have a big enough majority to overcome Republican filibusters.
Coleman hasn't ruled out seeking federal court intervention.
The fact is that the planet is changing faster than even pessimists expected: ice caps are shrinking, arid zones spreading, at a terrifying rate. And according to a number of recent studies, catastrophe — a rise in temperature so large as to be almost unthinkable — can no longer be considered a mere possibility. It is, instead, the most likely outcome if we continue along our present course.Read More......
Thus researchers at M.I.T., who were previously predicting a temperature rise of a little more than 4 degrees by the end of this century, are now predicting a rise of more than 9 degrees. Why? Global greenhouse gas emissions are rising faster than expected; some mitigating factors, like absorption of carbon dioxide by the oceans, are turning out to be weaker than hoped; and there’s growing evidence that climate change is self-reinforcing — that, for example, rising temperatures will cause some arctic tundra to defrost, releasing even more carbon dioxide into the atmosphere.
Temperature increases on the scale predicted by the M.I.T. researchers and others would create huge disruptions in our lives and our economy. As a recent authoritative U.S. government report points out, by the end of this century New Hampshire may well have the climate of North Carolina today, Illinois may have the climate of East Texas, and across the country extreme, deadly heat waves — the kind that traditionally occur only once in a generation — may become annual or biannual events.
In other words, we’re facing a clear and present danger to our way of life, perhaps even to civilization itself. How can anyone justify failing to act?
The Obama Administration assembled a group of two hundred or more of America's well-heeled leaders for equality, but like little doggies most were wide-eyed at his feet.Read More......
Politicians work for us. If they do their job with good intention, they demand our respect. They deserve fervent applause when they are heroic. Today I expected to hear the explanations of a champion knocked off his path by a country in financial distress, but instead I heard platitudes, cracked promises, and disappointments- still the crowd cheered for more....
In today's speech President Obama said gay America would be happy by the time his administration is over, if he doesn't stop offering excuses and empty promises, they will be.
The Food and Drug Administration said yesterday that it had confirmed the presence of E. coli 0157, a deadly strain of bacteria, in samples of Nestlé Toll House refrigerated cookie dough produced at the company's plant in Danville, Va.Read More......
Investigators did not find the bacterium inside the factory or on equipment but in a tub of chocolate cookie dough made at the site in February, said David Acheson, assistant commissioner for food safety at the FDA. The dough had a June 10 expiration date.
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Nestlé voluntarily recalled 30,000 cases of its refrigerated cookie dough on June 19 after officials at the FDA and the federal Centers for Disease Control and Prevention suspected that dozens of cases of E. coli-related illness were linked to the product.
Iraq declared a public holiday Tuesday to celebrate the official withdrawal of American troops from Iraqi cities and towns, emptying the streets as many people stayed home because they feared violence.Let's hope they are ready to handle it.
As official Iraq celebrated, the American military announced the death of four soldiers on Monday from combat operations in Baghdad, a reminder of the continuing hazards for American troops here and the vulnerability of soldiers as they wrap up operations in the field.
In the past few weeks, with the approach of the official date for withdrawal, nationalist sentiments have spread within the Iraqi government and military, with officials all but boasting publicly that Iraq is ready to handle the security situation on its own. The date of June 30 was set in an Iraqi-American security agreement that went into effect on Jan. 1, 2009.
Honduran troops detained seven international journalists covering the aftermath of a military coup Monday, freeing them unhurt a short time later. The government also took at least two television stations off the air and interrupted the broadcasts of others.Read More......
At least 10 soldiers, most with rifles drawn, arrived at the hotel where journalists from The Associated Press and the Venezuela-based television network Telesur were staying and unplugged their editing equipment in an apparent attempt to stop their coverage of protests in support of deposed President Manuel Zelaya.
One of the Telesur journalists was speaking on a telephone at the time of the detention, and AP's Nicolas Garcia saw a soldier lightly slapping her hand so she would hang up.
Oil giant Exxon Mobil Corp. has decided not to appeal hundreds of millions of dollars in interest on punitive damages resulting from the 1989 Exxon Valdez oil spill.Read More......
The Irving, Texas-based company will pay about $470 million in interest on more than $507.5 million in punitive damages following the 11 million gallon spill of crude in Prince William Sound, company spokesman Tony Cudmore said Monday.
The company expects to make payment on the interest in the next few days, said plaintiffs' lawyer David Oesting. Exxon's decision was first reported Monday by the Anchorage Daily News.
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