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Fed under fire as public anger mounts

Mon, 23 Nov 2009 00:00:00 -0800

Associated Press - By Tom Raum - Nov. 23 (News Analysis) - Suddenly the Federal Reserve is everybody's punching bag. Strip the Fed of its bank regulation powers, some in Congress are demanding. Get probing audits of its behind-the-scenes operations, others say. The chairman of the Federal Reserve Board is always fair game for criticism and second-guessing, usually over interest rate actions. But this year the criticism is much broader as Congress responds to widespread public anger that the Fed bailed out Wall Street but not ordinary Americans, and with unemployment in double digits.

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Weighing Jobs and Deficit

Mon, 23 Nov 2009 00:00:00 -0800

Wall Street Journal - By Elizabeth Williamson - Nov. 23 (News Report) - The White House is lukewarm about proposals by congressional Democrats to introduce broad legislation to create jobs, instead favoring targeted measures that would be less likely to inflate the deficit, administration officials said. There is as yet no agreement within the White House or in Congress on how to try to curb the U.S. jobless rate. But the differences in opinion suggest that rifts could emerge among Democrats as they wrestle with how to beat back the highest unemployment rate in a generation.

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Obama Web site claims stimulus jobs in non-existent places

Wed, 18 Nov 2009 00:00:00 -0800

McClatchy - By James Rosen - Nov. 18 (News Report) - The federal Web site that tracks spending from the Obama administration's $787 billion economic stimulus program reports that the program has created thousands of jobs in congressional districts that don't exist.

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General Electric Pursues Pot of Government Stimulus Gold

Wed, 18 Nov 2009 00:00:00 -0800

Wall Street Journal - By Elizabeth Williamson, Paul Glader - Nov. 18 (News Report) - The financial crisis hasn't been kind to General Electric Co. Its stock has lost almost half its value, the government has stepped in to prop up its enormous financial arm, and sales have slumped in core industrial businesses. But Chief Executive Jeffrey Immelt now has his eye on a huge new pool of potential revenue: Uncle Sam's stimulus dollars. Mr. Immelt, a registered Republican, quips about the shift in thinking in the nation's corner offices: "We're all Democrats now."

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The Dirt on Worms

Wed, 18 Nov 2009 00:00:00 -0800

agweb.com - By Pam Smith - Nov. 18 (News Report) - The earthworm has long been considered the farmer’s friend. Their burrowing has always been thought to aerate the soil while their droppings provide fertilizer. No-till farmers count on these tireless workers to improve soil tilth. And on their worst day, earthworms sacrifice everything to land us a lunch from our favorite fishing hole

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China Solar Panel Maker Sets First U.S. Plant

Mon, 16 Nov 2009 00:00:00 -0800

Business Week - By Adam Aston - Nov. 16 (News Report) - China's Suntech Power Holdings (STP) is no newcomer to the U.S. Last May, President Barack Obama toured the U.S.'s largest solar panel installation at Nellis Air Force Base in Nevada. There, row upon row of shiny black Suntech solar panels span 140 acres, cranking out up to 14 megawatts of electricity on sunny days.

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G.M., Citing Progress, Reports Loss of $1.15 Billion

Mon, 16 Nov 2009 00:00:00 -0800

Associated Press - By Nick Bunkley - Nov. 16 (News Report) - it [ GM ] plans to make a $1 billion payment to the federal government in december, more than five years before the loans are due, and to make similar quarterly payments after that.

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GM Plans to Repay U.S. Loan

Mon, 16 Nov 2009 00:00:00 -0800

Wall Street Journal - By John D. Stoll - Nov. 16 (News Report) - General Motors Co. plans to begin paying back a $6.7 billion loan it owes the U.S. government starting late this year, putting it on track to potentially repay the entire note by the middle of 2011, said a person familiar with the matter. But in a move that could be controversial and risky, the car maker plans to use other money it received from the government to pay back the borrowing.

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