In a Time of Universal Deceit, Telling the Truth is Revolutionary.
Saturday, November 26, 2022

Pentagon riddled with conflicts of interest

Pentagon employees have received millions of dollars in free travel and lodging from foreign countries, trade groups and companies with an interest in shaping policies or doing business with the U.S. military.

Defense officials say the arrangement is legal, saves taxpayers money and is carefully monitored to ensure there are no conflicts of interest. But government watchdogs say it allows donors to subtly exert influence for a small investment compared with the potential gain.

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Obama plans new curbs on Wall Street pay

An up and coming Wall Street executive might want to hold off on buying that condo in Aspen. The Obama administration is ready to issue broad new guidelines that would rein in pay at financial institutions.

Eager to remove incentives that they say contributed to last year’s financial crisis, President Barack Obama’s economic team plans to unfurl broad executive pay principles, possibly as early as Wednesday, that put a premium on long-term performance over short-term gain.

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On torture openness, Obama already politicking for 2012

Is Obama a Bush-Cheneyite when it comes to keeping secrets? I don’t think so.  I think Obama is a master multi-tasker who outthinks and out-plans  the typical politician. On his torture disclosure postion some of his supporters have been apoplectic. Not me.
Obama wants eight years. He doesn’t want to spend months campaigning vigorously through 2012 to eek out a 51% victory. He knows that to assure a landslide he needs to win over the mostly southern NRA-NASCAR voters by proving that he’s not an ACLU softie.
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Obama to Congress: Pay your own way

President Barack Obama on Tuesday called on Congress to pay for its programs with spending cuts or tax increases in a fresh bid to rein in ballooning federal budget deficits.

"The pay-as-you-go rule is very simple: Congress can only spend a dollar if it saves a dollar elsewhere," Obama told lawmakers gathered at the White House.

"My administration is submitting to Congress a proposal to codify this rule in law — and I hope that the House and Senate will act quickly to pass it.

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Country lawyer whips Washington insider

A state senator and small-town lawyer pulled off a surprising win in Virginia’s Democratic primary for governor, besting a former legislative colleague and the well-funded Terry McAuliffe, the former chairman of the Democratic National Committee.

Tuesday’s victory by Democrat Creigh Deeds sets up a rematch this fall with Republican Bob McDonnell.

Deeds lost to McDonnell in the race for attorney general four years ago by only 323 votes out of almost 2 million cast — the closest race in modern Virginia history.

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With hurdles cleared, Chrysler ready for sale

Chrysler was a step closer to emerging from bankruptcy protection Wednesday, a day after opponents of the automaker’s planned partnership with Italy’s Fiat exhausted their appeals in an effort to halt the Obama administration-backed sale.

Late on Tuesday, the Supreme Court cleared the way for the sale of the bulk of Chrysler LLC’s assets to Fiat Group SpA, rejecting an appeal by a trio of Indiana pension and construction funds, consumer groups and others to block the transaction.

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Sotomayor hearings set to start July 13

Senate confirmation hearings for Supreme Court nominee Sonia Sotomayor will start on July 13, a top Democrat announced on Tuesday, and a Republican predicted she would be easily confirmed as the first Hispanic on the highest court in the United States.

Rejecting calls by other Republicans for more time to review her record, Judiciary Committee Chairman Patrick Leahy made a Senate speech announcing the date for his panel to begin publicly questioning the nominee under oath.

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Banks set to repay government

Ten big US banks got approval Tuesday to repay 68 billion dollars in capital from the Treasury, in the latest sign the ailing financial sector is standing on its own without government aid.

President Barack Obama welcomed the news but warned that the troubles of the sector were far from over.

Obama said that "it is worth noting that in the first round of repayments from these companies, the government has actually turned a profit."

But the president warned "this is not a sign that our troubles are over — far from it."

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Honoring a lobbyist?

Lawmakers rarely shine a positive spotlight on lobbyists, much less publicly toast them and rave about their style on Capitol Hill.

But they did just that on Tuesday night for consumer advocate Joan Claybrook, who retired earlier this year as the head of the watchdog group Public Citizen. The organization held a dinner event in honor of her 27-year leadership.

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