President Obama’s financial regulators are reportedly negotiating a secret settlement with 14 banks to end an investigation into predatory loans and foreclosures because federal investigators are having trouble finding the evidence they need for a successful end to the probe. Fourteen banks — such as JP Morgan Chase, Citigroup, and Bank of America — would pay $10 billion, under the settlement, that would be used for relief for homeowners and families that have lost their homes. What do the banks get? “The proposed settlement would also halt a separate sweeping review of more than four million loan files
WASHINGTON— Speaking out for the first time since he resigned, retired Gen. Stanley McChrystal takes the blame for a Rolling Stone article and the unflattering comments attributed to his staff about the Obama administration that ended his Afghanistan command and army career. "Regardless of how I judged the story for fairness or accuracy, responsibility was mine," McChrystal writes in his new memoir, in a carefully worded denouncement of the story. The Rolling Stone article anonymously quoted McChrystal´s aides as criticizing Obama´s team, including Vice President Joe Biden.
President Obama never disappoints. When the monthly unemployment rate fails to drop, forget it. What’s important is the number of jobs created. But when the rate actually does drop, forget the growth (or lack of it) in jobs. It’s the rate that matters. And don’t blame Obama for the persistence of slow economic growth and high joblessness. That’s the “new normal.” As for the millions of dropouts from the job market, that’s no big deal, hardly worth more than a passing mention.(Snip) No president in my lifetime has been covered so favorably and so gingerly.
Barney Frank’s notorious prickly personality and his controversial role in the mortgage debacle could pose a huge problem if he were appointed as the Bay State’s interim senator at a time when the Beltway is gridlocked over the nation’s deficit crisis, according to a former GOP congressman. “He can be very acerbic and cutting,” said Robert L. Livingston, a former Louisiana congressman who also blasted the Newton Democrat for his part in the failures of Fannie Mae and Freddie Mac mortgage backers. “His actions directly contributed to the worst economic collapse since the Great Depression,”
Somebody took a wrong turn at the deep fryer. A pair of crooks in Australia found themselves in an unusual spot when they attempted to tunnel into a jewelry store but ended up in a KFC restaurant on New Year´s Eve. The mishap took place near Brisbane, Australia. Fortunately nobody was hurt. When they saw where they were, the two alleged thieves, Peter Welsh and Dwayne Doolan, decided to hold up the customers. They left with about $2,700. But they didn´t escape for long. Welsh and Doolan were arrested a short time later.
A plane carrying Vittorio Missoni, who heads the Missoni fashion house started by his parents, has disappeared off the coast of Venezuela. Mr Missoni, 58, and his wife, Maurizia Castiglioni, were traveling with another couple and two crew members from the resort islands of Los Roques to Caracas, a distance of approximately 100 miles, on Friday. The plane took off at 11:00am and was reported missing at 11:30am. The close-knit Italian family are distraught at the frightening news as the Venezuelan Coast Guard searches the area on Saturday. Mr Missoni, the marketing director at the company
A federal court has ruled that South Carolina was the prevailing party in the unnecessary Voter ID litigation, and therefore the Justice Department is liable for paying the state’s costs. South Carolina spent $3,500,000 to obtain federal court approval of the state’s Voter ID law as non-discriminatory under the Voting Rights Act. The lawsuit was made necessary only because of the political and ideological radicalism of Assistant Attorney General Tom Perez and his deputy Matthew Colangelo. PJ Media had this exclusive report detailing that career Voting Section employees, including Voting Section Chief Chris Herren, recommended
It all started, as things tend to these days, on Twitter. Ron Meyer Jr., a 23-year-old conservative activist, started using a catchy hashtag — #FireBoehner — as he railed against Speaker John Boehner. The hashtag quickly became a pet project. All day, Meyer (@RonMeyerJr) would tweet links and snarky comments about the Ohio Republican, whom he calls “a member of the Beltway class.” Meyer, however, has fewer than 2,000 followers, so the hashtag didn’t get much attention until his girlfriend, fellow activist Celia Bigelow (@CeliaBigelow), who has more than 9,000 followers, joined the #FireBoehner cause. Pretty soon, their boss noticed.
On Friday’s broadcast of Fox News Channel’s “Special Report,” Washington Post columnist Charles Krauthammer argued that Speaker of the House John Boehner avoided a “rape of the Treasury” by postponing the vote on Hurricane Sandy relief legislation. New York Republican Rep. Peter King and New Jersey Republican Gov. Chris Christie joined Democrats in blasting Boehner for the delay, but Krauthammer said some of the criticism is hypocritical. “Sometimes the hypocrisy of the Democrats would leave Diogenes stunned,” Krauthammer said. “The Democrats spent two years savaging President [George W.] Bush over his treatment of Katrina. All of a sudden it’s a paragon of how to deal with disasters.” Text added by Staff. The first sentence of the article must be posted in its entirety.
A small plane carrying four Italian tourists, including the head of the Missoni fashion business, disappeared off the coast of Venezuela on Friday morning, prompting a sea and air search mission that continued Saturday. Vittorio Missoni, 58, an owner of the family-run label famed for its zigzag knitwear, and his wife, Maurizia Castiglioni, were aboard the plane, which was missing after takeoff from the island resort of Los Roques, the company confirmed in a statement on Saturday. The plane was bound for the international airport near the Venezuelan capital, Caracas, normally a half-hour trip.
CARACAS/MILAN - Venezuelan emergency services mounted a sea and air rescue mission on Saturday after a plane carrying fashion executive Vittorio Missoni went missing off the coast of Venezuela. The plane carrying Missoni, 58, his wife, Maurizia Castiglioni, another couple and two Venezuelan crew members disappeared after taking off from the resort of Los Roques, an archipelago off the coast of Venezuela, Italian media said. "It disappeared yesterday. They have been looking for it with helicopters and ships, but have not found anything yet. They are still searching for it this morning,"
President Obama said Saturday that he´s willing to compromise with Republicans on taxes and spending cuts in coming months, but will not budge on honoring America´s obligations as the national debt this week topped $16.4 trillion – the congressionally set "debt ceiling." "I will not compromise over ... whether or not Congress should pay the tab for a bill they’ve already racked up," Mr. Obama said in his taped weekly address, his first of the new year. "If Congress refuses to give the United States the ability to pay its bills on time, the consequences for the entire
LOGANVILLE, Ga. — A woman hiding in her attic with children shot an intruder multiple times before fleeing to safety Friday. The incident happened at a home on Henderson Ridge Lane in Loganville around 1 p.m. The woman was working in an upstairs office when she spotted a strange man outside a window, according to Walton County Sheriff Joe Chapman. He said she took her 9-year-old twins to a crawlspace before the man broke in using a crowbar. But the man eventually found the family.
At least nine people were shot across the city between Friday and Saturday mornings, including three incidents where two people were wounded by gunfire. Two men in their 20s were shot about 2:30 a.m. Saturday morning in the Northwest Side neighborhood of Mayfair. Police said they were shot in the 4000 block of West Montrose Avenue. The pair drove to Our Lady of the Resurrection Hospital, Chicago Police Department News Affairs Officer Amina Greer said. One of the two, 21, is in critical condition at Advocate Illinois Masonic Medical Center and the other, 23, was transferred to St. Francis Hospital
A gunman killed three people before police killed him in a shooting in a house in Aurora, Colorado, scene earlier this year of a massacre in a cinema, local media reported. NBC television´s local affiliate KUSA reported that police had said that one survivor escaped from the house, where an "armed and dangerous" man had earlier barricaded himself inside with hostages. Aurora made global headlines in July after a horrific shooting at a movie theatre that left 12 people dead and 58 others wounded during the first midnight screening of the latest Batman film The Dark Knight Rises.
Chevy Volt sales are cranking up. General Motors sold three times as many Chevrolet Volts in 2012 as it did in 2011, which was the car´s first full year on the market. GM sold 23,461 Volts in 2012 compared with just 7,671 in 2011. While it´s an impressive jump, the Volt is still one of Chevy´s lowest-selling cars. However, the Volt greatly outdid the Corvette, for instance, of which only 14,000 were sold last year.
Senate Armed Services chief Carl Levin (D-Mich.) and senior panel member Sen. Jack Reed (D-R.I.) are heading to Afghanistan, days before the White House is expected to announce its highly anticipated postwar strategy. The visit is part of a week-long congressional junket beginning next Monday that includes stops to Turkey and NATO headquarters in Brussels, according to a statement released by Levin´s office on Friday. While in Afghanistan, the lawmakers will meet with "high-ranking foreign leaders, diplomats, and American military commanders, civilian personnel" and U.S. troops
President Obama´s inaugural planning committee on Friday released the names of several contributors to the president´s swearing-in festivities. The committee decided to accept corporate donations this time, after banning them in 2009. Companies such as AT&T, Microsoft, biotech firm Genentech, Inc., healthcare company Centene Corp., Financial Innovations, Inc., Whittier Trust Co., and Stream Line Circle, LLC appeared on the committee´s web site along with the names of several individual contributors. The Presidential Inaugural Committee did not reveal the amount of the donations nor say when they would release more names.
The Federal Election Commission has fined President Barack Obama´s 2008 campaign $375,000 for an assortment of reporting violations. FEC documents that have not yet been released publicly detail the violations, which include accepting contributions in excess of federal limits, incorrectly reporting the dates of contributions and failing to properly report contributions of $1,000 or more during the final days of the campaign. An audit uncovered the reporting violations. The Obama campaign agreed to correct the errors and pay the fine, according to the FEC documents.
WASHINGTON — When Secretary of State Hillary Rodham Clinton fractured her right elbow after slipping in a State Department garage in June 2009, she returned to work in just a few days. Her arm in a sling, she juggled speeches and a trip to India and Thailand with physical therapy, rebuilding a joint held together with wire and pins. (Snip) But after a fall at home in December that caused a concussion, and a subsequent diagnosis of a blood clot in her head, it has taken much longer for Mrs. Clinton to bounce back.
It requires a special kind of mind to challenge the commonly-accepted beliefs, take note of facts that others overlook, and stand up to tell people what is really going on, what nobody else seems to notice. Such a mind is that of Herbert E, Meyer, frequent contributor to American Thinker. What makes Herb different from most other brilliant original thinkers, however, is that he has a track record of making calls that have changed the world, accomplishing what others dared not even dream of.
Congress did not, in the end, go over the “fiscal cliff,” which is a far cry, of course, from saying that it acted on the massive backlog of policy issues, large and small. Lawmakers avoided the “sequester”--$110 billion in across-the-board spending cuts, half to defense, half to other programs--but only by postponing them for two months. They renewed a number of tax breaks for business but many of them for only a year. They spared doctors a 27 percent cut in Medicare reimbursement rates; but this “doc fix,” as with the many previous ones, lasts 12 months. And yes
According to TPM, America´s favorite never-let-a-crisis-go-to-waste administration is preparing to ram through a number of restrictions to our Second Amendment civil rights as early as Jan 15. The idea behind this strategy is to strike while people´s heightened emotions are still scrambling common sense: The White House and gun control supporters are gearing up for a whirlwind month, with plans to pass reform legislation before outrage over the Sandy Hook massacre has a chance to fade. House Democrats are moving ahead with their own plans as well.
The war against U.N. Agenda 21 just got hotter in Virginia. Thinking Americans understand now what U.N. Agenda 21 is and are not backing down from fighting the anti-American, anti-prosperity, wealth redistribution scheme of the United Nations against our way of life. The U.N. has deemed commercial agriculture unsustainable and has used taxpayer dollars and local supervisors to re-zone, re-shape, and prohibit land use for local agriculture or building that is not approved by their bio-diversity plan
Many of those who expressed outrage at the publication of a two-county interactive map of pistol permit owners by Gannett´s White Plains, New York-based Journal News just before Christmas have raised serious concerns that the paper´s action would directly harm law-abiding citizens. Evidence is pouring in that those fears are legitimate. Fox News, doing something the wire services should have been begun within days of the map´s publication, has unsurprisingly found that "Reformed crooks say the New York newspaper ... did a great service – to their old cronies in the burglary trade." Additionally, a Newsday report identifies four concrete