Consumer Expenditures
Average annual expenditures per consumer unit(1) rose 1.7 percent in 2008 following an increase of 2.6 percent in 2007, according to results from the Consumer Expenditure Survey (CE) released by the Bureau of Labor Statistics of the U.S. Department of Labor. The spending increase was less than the 3.8-percent increase in prices from 2007 to [...]
Obama Awarded Nobel Peace Prize?
by Michael S. Steele, Chairman, Republican National Committee
I’m sure you’ve heard the news — Barack Obama has been awarded the Nobel Peace Prize. It’s a stunning, if not truly surprising, indication of just how meaningless a once honorable and respected award has become.
What has President Obama actually accomplished? It is unfortunate that the president’s [...]
Somali Pirates
Though they have been getting less attention from the media, Somali pirates are still active. The latest attack was a mistake. Pirates tried to take over a French navy ship.
“The pirates, who because of the darkness took the French ship for a commercial vessel, were on board two vessels and opened [...]
California Wild Fires
by InciWeb
The Sheep Fire started near Sheep Canyon Road near Lytle Creek at about 2:11 pm on Saturday October 3, 2009. It burned northeast to Swarthout Canyon Road, then northwest up Lone Pine Canyon. It is currently burning near the top of Lone Pine Canyon near Wrightwood, CA. It has not crossed Hwy 138 at [...]
President Beats Up Banks Over Student Loans
The President is backing a bill that passed the U.S. House of Representatives. If passed, the bill would reduce banks’ and Sallie Mae’s part of the $92 billion university student loan business. Instead, the U.S. Education Department would run a new program.
“Ending this unwarranted subsidy for the big banks is a no-brainer for [...]
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Expect Millions Of Foreclosures
Washington, DC — The loan modification that was supposed to offered to homes going into foreclosure does not appear to be working. Michael Barr, assistant Treasury secretary for financial institutions, said, “The recent crisis in the housing sector has devastated families and communities across the country and is at the center of our financial [...]
The Cities On Flame
California has at least five major forest fires that are not under control. The largest is The Station Fire:
Name: Station Fire
County: Los Angeles County
Location: Hwy 2, 1.5 miles north of USFS Angeles Crest Station
Administrative Unit: Angeles National Forest
Status/Notes: 144,743 acres – 38% contained
Date Started: August 26, 2009 3:30 pm
Last update: September 3, 2009 7:00 [...]
Statement From President Obama on Ted Kennedy
Michelle and I were heartbroken to learn this morning of the death of our dear friend, Senator Ted Kennedy.
For five decades, virtually every major piece of legislation to advance the civil rights, health and economic well being of the American people bore his name and resulted from his efforts.
I valued his wise counsel in the [...]
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CIA Responds To Abuse Allegations
Statement to Employees by Director of the Central Intelligence Agency Leon E. Panetta on Release of Material on Past Detention Practices
Today, as part of a number of Freedom of Information Act cases, the government is responding to court orders to release more documents related to the Agency’s past detention and interrogation of foreign terrorists. The [...]
Bernanke To Stay On As Fed Chairman
Statement by Chairman Ben S. Bernanke:
Thank you, Mr. President.
I would like to express my gratitude to President Obama for the confidence he has shown in me with this nomination and for his unwavering support for a strong and independent Federal Reserve.
It has been a particular privilege for me to serve with extraordinary colleagues throughout the [...]