NewsTrust - All Rated Stories

White House Tally Appears to Overstate Stimulus Jobs

Wed, 04 Nov 2009 00:00:00 -0800

Wall Street Journal - By Louise Radnofsky, Maurice Tamman - Nov. 04 (News Report) - The number of jobs the Obama administration credits to federal stimulus money could be overstated by at least 20,000 of the 640,000 claimed, a Wall Street Journal analysis found. Recipients of the government grants and contracts appear to have made mistakes when estimating the number of jobs that have been saved or created, according to the Journal's review. Some recipients said they were confused by forms that asked how they spent the money.

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Republicans Are Poised for Gains in Key Elections

Tue, 03 Nov 2009 00:00:00 -0800

Wall Street Journal - By Naftali Bendavid, Anton Troianovski - Nov. 03 (News Report) - Republicans appear positioned for strong results in three hard-fought elections Tuesday. But isolated, off-year contests aren't always reliable indicators of what will happen in the wider federal and state races held in even-numbered years.

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Fed's Tarullo Shakes Up Bank Rules

Mon, 26 Oct 2009 00:00:00 -0700

Wall Street Journal - By Jon Hilsenrath, Damian Paletta - Oct. 26 (Special Report) - The rise of Daniel Tarullo, a lawyer with a longstanding interest in bank regulation appointed to the Federal Reserve Board by President Barack Obama, is a sign the era of light-touch bank regulation is over.

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What Singapore Can Teach the White House

Tue, 20 Oct 2009 00:00:00 -0700

Wall Street Journal - By William McGurn - Oct. 20 (Opinion) - Dr. Yap is referring to the higher costs that come from an American system that depends on regulation and oversight to accomplish what Singapore tries to do with competition and choice. At the Raffles lounge for international patients, he shows me an example of the latter. It's a one-page, easy-to-read list of fees.

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Insurance Mandates Draw Flak From Both Sides

Sat, 10 Oct 2009 00:00:00 -0700

Wall Street Journal - By Janet Adamy, Greg Hitt - Oct. 10 (News Analysis) - Proposals that would require Americans to buy health insurance -- central to legislation circulating in both houses of Congress -- are under fire from both ends of the political spectrum, with some liberals saying the penalties are too harsh for those who refuse and conservatives denouncing the whole concept. Democratic leaders crafting health-care overhaul legislation aim to bring their measures to the floor of the Senate and House in the next several weeks.

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Health Care and the 'Predator State'

Wed, 07 Oct 2009 00:00:00 -0700

Wall Street Journal - By Thomas Frank - Oct. 07 (Opinion) - In June 2008, I used this space to call on then-Sen. Barack Obama to add economist James K. Galbraith's book, "The Predator State," to his reading list. As an account of the capture of government by private interests, I thought it would make a far more useful guide to contemporary political economy than the market-glorifying texts that were still in fashion in those days.

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G20 Leaders Tout Progress on Bank Regulation, But Big Issues Remain

Sun, 27 Sep 2009 00:00:00 -0700

Wall Street Journal - By Damian Paletta - Sep. 27 (News Report) - U.S. and foreign leaders meeting at the Group of 20 summit agreed to toughen regulation of global banks, but some key differences remain related to capital rules, compensation and derivatives oversight.

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Lisa Versus Lisa: EPA's Jackson Bests Sen. Murkowski

Fri, 25 Sep 2009 00:00:00 -0700

Wall Street Journal - By Stephen Power - Sep. 25 (News Report) - Sen. Lisa Murkowski’s plan to limit EPA’s regulation of greenhouse gases won’t be coming up for a vote after all. This, after Environmental Protection Agency Administrator Lisa Jackson and the Alliance of Automobile Manufacturers sent letters to Congress warning that the Alaska Republican’s amendment would prevent the EPA from completing its recent proposal to regulate automobile greenhouse gas emissions. If that had happened, the industry would face “a patchwork of conflicting state and federal regulations,” the Alliance warned in its letter. A Murkowski spokesman said Senate Democratic leaders prevented a vote on her amendment and that the senator disputes the EPA administrator’s view that the amendment would prevent the EPA from completing its vehicle proposal. “They’ve gone out of their way to refuse to debate the merits of this” amendment, the spokesman said.

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The Transition Can Be Gradual—and Affordable

Mon, 21 Sep 2009 00:00:00 -0700

Wall Street Journal - By Robert N. Stavins - Sep. 21 (Opinion) - The world is facing a potential catastrophe from greenhouse-gas emissions. But nations don't have to wreck their economies to avert the crisis.

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The Red Scare Returns

Thu, 10 Sep 2009 00:00:00 -0700

Wall Street Journal - By Thomas Frank - Sep. 10 (Opinion) - Today, from the floor of town-hall meetings and the heights of the Republican Party, alarmed Americans fret about secret socialists and denounce the president as a dictator. They make plans to pull their children out of school rather than have them exposed to his hypnotic oratorical powers. They quail at imaginary death panels, storm at imaginary threats to gun rights, and froth at an imaginary birth-certificate scandal. And it has required only eight months of Democratic administration to bring the right to a boil.

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Obama Doubles Down

Thu, 10 Sep 2009 00:00:00 -0700

Wall Street Journal - Sep. 10 (Editorial) - Democrats have wanted President Obama to drop some of his cool and fight for their health-care agenda, and last night they weren’t disappointed. The President gave away very little on the substance of what Congressional leaders are proposing, even as he offered a rhetorical bow or two to the idea of compromise. The main message of his speech to Congress is that he is doubling down on his health-care bets and counting on the sheer inertia of Democratic and health industry self-interest in Washington to drive a bill into law.

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Obama to Endorse Public Plan in Speech

Wed, 09 Sep 2009 00:00:00 -0700

Wall Street Journal - By Jonathan Weisman, Janet Adamy - Sep. 09 (News Report) - President Barack Obama, in a high-stakes speech Wednesday to Congress and the nation, will press for a government-run insurance option in a proposed overhaul of the U.S. health-care system that has divided lawmakers and voters for months. White House officials say the president will detail what he wants in the health-care overhaul, as well as say he is open to better ideas on a government plan if lawmakers have them.

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Jones Resignation Deals Blow to Obama and the Left

Tue, 08 Sep 2009 00:00:00 -0700

Wall Street Journal - Sep. 08 (Editorial) - The abrupt resignation of White House aide Van Jones, deep in the news hiatus of Labor Day weekend, will probably be forgotten in a few days. But it's a story that still deserves elaboration for what it says about the political coalition that helped to elect President Obama and whose demands are leading him into a cul-de-sac.

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California's Man-Made Drought

Wed, 02 Sep 2009 00:00:00 -0700

Wall Street Journal - Sep. 02 (Opinion) - California has a new endangered species on its hands in the San Joaquin Valley—farmers. Thanks to environmental regulations designed to protect the likes of the three-inch long delta smelt, one of America's premier agricultural regions is suffering in a drought made worse by federal regulations.

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Health-Care Anger Has Deeper Roots

Tue, 01 Sep 2009 00:00:00 -0700

Wall Street Journal - By Janet Adamy, Jonathan Weisman - Sep. 01 (News Report) - Recent town-hall uproars weren't just about health care. They were also eruptions of concern that the government is taking on too much at once. That suggests trouble for the president and his party, and fears of losses in next year's midterm election are likely to shape the Democrats' fall agenda.

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Sorting Fact From Fiction on Health Care

Sun, 30 Aug 2009 00:00:00 -0700

Wall Street Journal - By Jerome Groopman, Pamela Hartzband: - Aug. 30 (News Analysis) - In recent town-hall meetings, President Barack Obama has called for a national debate on health-care reform based on facts. It is fact that more than 40 million Americans lack coverage and spiraling costs are a burden on individuals, families and our economy. There is broad consensus that these problems must be addressed. But the public is skeptical that their current clinical care is substandard and that no government bureaucrat will come between them and their doctor. Americans have good reason for their doubts—key assertions about gaps in care are flawed and reform proposals to oversee care could sharply shift decisions away from patients and their physicians. Consider these myths and mantras of the current debate:

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How Facebook Ruins Friendships

Tue, 25 Aug 2009 00:00:00 -0700

Wall Street Journal - By Elizabeth Bernstein - Aug. 25 (Opinion) - If we're not careful, our online interactions can hurt our real-life relationships, writes Elizabeth Bernstein.

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Reopening CIA Abuse Cases Will Start Political Fight

Tue, 25 Aug 2009 00:00:00 -0700

Wall Street Journal - Aug. 25 (Editorial) - This is a trap the Administration set for itself. Mr. Obama and his team have attempted to appease their political left by publicly denouncing the Bush Administration's national security policies, even as they claimed to want to forget the past. Their disparagement has only fed the liberal demand for Bush prosecutions and increased the pressure on Mr. Holder to appoint a prosecutor.

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U.S. Seeks Overhaul in Kabul After Vote

Sat, 22 Aug 2009 00:00:00 -0700

Wall Street Journal - By Peter Spiegel, Jay Solomon - Aug. 22 (News Report) - U.S. officials are strategizing about how to persuade Afghan President Hamid Karzai to overhaul his government, which is widely viewed here as corrupt and ineffectual, if he wins a second term. At the same time, some in Washington fear a runoff election could steal valuable time from the international efforts to stabilize the country. Both Mr. Karzai and his leading challenger, former foreign minister Abdullah Abdullah, have claimed significant leads.

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Cap-and-Trade's Unlikely Critics: Its Creators

Thu, 13 Aug 2009 00:00:00 -0700

Wall Street Journal - By Jon Hilsenrath - Aug. 13 (Special Report) - Economists behind the original concept of cap-and-trade question the system's large-scale usefulness, and recommend emissions taxes instead.

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The Truth About Health Insurance

Wed, 12 Aug 2009 00:00:00 -0700

Wall Street Journal - Aug. 12 (Opinion) - Only nine states have the costly rules that Obama wants to impose nationwide.

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A President as Micromanager: How Much Detail Is Enough?

Wed, 12 Aug 2009 00:00:00 -0700

Wall Street Journal - By Neil King Jr., Jonathan Weisman - Aug. 12 (News Report) - Many presidents have directed policy from on high, shunning the details of most issues. Mr. Obama has adopted a different style, particularly when it comes to economics, as he and his team wrestle with the worst financial crisis the nation has faced since the Depression.

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Cap and Trade: Ten Democratic Senators Call for Carbon Tariffs

Thu, 06 Aug 2009 00:00:00 -0700

Wall Street Journal - By Keith Johnson - Aug. 06 (Breaking News) - Today, ten Democratic senators sent President Obama a letter demanding a “level playing field” for U.S. manufacturing in any climate plan. In plain English: If you want your climate bill, you better include “carbon tariffs” to make sure U.S. jobs don’t scurry off to unregulated China. The list of senators includes some heavyweights, but all are swing votes for the bill—Debbie Stabenow and Carl Levin of Michigan; Robert Byrd of West Virginia; Arlen Specter of Pennsylvania; Evan Bayh of Indiana; and Al Franken of Minnesota. Without the support of these lawmakers, you can stick a fork in the climate bill—it’s done.

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Why Israel is Nervous - WSJ.com

Sat, 01 Aug 2009 00:00:00 -0700

Wall Street Journal - By Elliot Abrams - Aug. 01 (Opinion) - Tension is escalating between the U.S and Israel. The problem: The administration views the Israeli-Palestinian issue as the root of all problems, while Israel is focused on Iran’s nuclear threat, says Elliott Abrams.

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Singh Faces Doubts on Pakistan Strategy

Tue, 28 Jul 2009 00:00:00 -0700

Wall Street Journal - By Ketaki Gokhale, Paul Beckett - Jul. 28 (News Report) - Indian Prime Minister Manmohan Singh is preparing to explain an agreement to improve relations with Pakistan after facing sustained political flak from his opponents -- and lukewarm support from his own party -- on the issue. Mr. Singh is scheduled to address parliament Wednesday in a speech an official from his party said "will set at rest all questions, apprehensions and speculations relating to the India-Pakistan joint statement." In the joint statement two weeks ago, Mr. Singh and Pakistani Prime Minister Yousuf Raza Gilani agreed to decouple discussions about terrorism from broader talks between the two countries on issues such as trade and travel.

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