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Soaring U.S. Unemployment Threatens Path to Economic Recovery

Sat, 07 Nov 2009 00:00:00 -0800

Bloomberg - By Timothy R. Homan - Nov. 07 (News Report) - The unemployment rate in the U.S. jumped to 10.2 percent in October, the highest level since 1983, threatening the emerging economic recovery and giving President Barack Obama and Democrats a bigger hurdle to overcome before next year’s Congressional elections.

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Obama in 11th-hour health plea

Sat, 07 Nov 2009 00:00:00 -0800

BBC News - Nov. 07 (News Report) - US President Barack Obama is due to make an 11th-hour plea in person to lawmakers ahead of a crucial vote on his landmark healthcare reforms. Mr Obama needs 218 supporters in the House of Representatives vote, which may come as early as Saturday. The

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Want to Save Our Economy from Almighty Greed? Here Are 10 Crucial Fights and Key Fighters to Watch

Fri, 06 Nov 2009 00:00:00 -0800

AlterNet - By Zach Carter - Nov. 06 (Opinion) - There are no less than four federal regulators responsible for overseeing consumer protection in finance, and all of them are terrible.

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The Generals' Revolt

Wed, 04 Nov 2009 11:07:22 -0800

Rolling Stone - Nov. 04 -

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Illinois data on stimulus-related jobs saved, created don't add up

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

Chicago Tribune - By Bob Secter, Erika Slife - Nov. 04 (News Report) - More than $4.7 million in federal stimulus aid so far has been funneled to schools in North Chicago, and state and federal officials say that money has saved the jobs of 473 teachers. Problem is, the district employs only 290 teachers. "That other number, I don't know where that came from," said Lauri Hakanen, superintendent of North Chicago Community Unit Schools District 187. The Obama administration last week released the first round of data designed to underpin the worthiness of its economic stimulus plan, which so far has directed $1.25 billion to Illinois schools. That money has helped save or create 14,330 school jobs in the state, the administration claimed.

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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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Whaddaya Mean Obama Hasn't Done Anything?

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

Esquire - By John H. Richardson - Nov. 03 (Comment) - A blow-by-blow breakdown of the young president's first year reveals that today's frustration stems not from a lack of policy so much as a lack of common ground. Therein lies the myth of the American center.

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Britain is forcing breakups of bailed-out major banks -

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

Los Angeles Times - By Anthony Faiola - Nov. 03 (News) - The move to downsize some of Britain's largest banks comes as U.S. politicians are debating whether American banks should also be required to shrink.

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On the importance (or not) of off-year elections

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

The Guardian - By Michael Tomasky - Nov. 03 (News Analysis) - In general, I think political journalists wildly over-conclude based on Virginia and New Jersey gubernatorial results every time they happen. Consider. In 2001, Virginians elected Democrat Mark Warner. New Jerseyans elected Democrat Jim McGreevey. Warner won by a comfortable margin of five points, while McGreevey stomped his GOP opponent by nearly 15 points.

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Virginia, New Jersey races may test Obama influence

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

Reuters - By Steve Holland - Nov. 03 (News Report) - Republicans seeking a comeback from recent losses may pick up the governor's seats in Virginia and New Jersey on Tuesday in campaigns that tested the limits of President Barack Obama's influence.

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Second Circuit Affirms Dismissal of Arar

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

Harper's - By Scott Horton - Nov. 03 (Editorial) - The majority, Calabresi charges, “engaged in extraordinary judicial activism.” Its activism was aimed at extricating political actors from a precarious predicament and keeping the door firmly shut on what may well be the darkest chapter in the entire history of the Justice Department.

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Karzai win complicates White House strategy for Afghanistan