In a Time of Universal Deceit, Telling the Truth is Revolutionary.
Thursday, July 18, 2024

Is the recession finally coming to an end?

The United States has emerged from a long and crippling recession, posting its strongest growth in two years in the third quarter as government stimulus spurred consumer spending, official data showed.

After four negative quarters, the world’s largest economy grew at a seasonally adjusted 3.5-percent annual rate in the July-September period from the second quarter, the Commerce Department said.

Read More »

Health care businesses face heavy cost for reform

The health care overhaul bill produced by House Democrats would impose an array of new taxes, fees and government mandates on major players in the health industry, including insurers, doctors and drugs and medical devices makers.

In most cases, the pain has been meted out with an eye toward raising the money needed to finance President Barack Obama’s plan for reshaping the health system but also with careful regard for gaining the votes that will be needed to pass a final bill.

Read More »

‘Too big to fail’ becomes ‘too much to stomach’

The Obama administration’s new proposal for tackling financial risk in the U.S. economy, unveiled just two days ago, came under attack on Thursday from Congress and regulators, with questions raised about its funding and scope.

U.S. Treasury Secretary Timothy Geithner scrambled in a congressional hearing to defend the plan against critics who said it would give too much power to regulators and enshrine government bailouts for troubled financial firms in law.

Read More »

Economy: Obama wants credit but not blame

Tugged in different political directions, the White House is seeking credit for good economic news and trying to escape blame for the bad stuff.

President Barack Obama greeted as “obviously welcome news” a government report showing the economy grew 3.5 percent from July through September after four quarters of declines. That’s unofficial confirmation that the long, harsh recession has ended.

Read More »

‘Let’s kill grandma’ stays in health care reform bill

It’s alive. The Medicare end-of-life planning provision that 2008 Republican vice presidential nominee Sarah Palin said was tantamount to “death panels” for seniors is staying in the latest Democratic health care bill unveiled Thursday.

The provision allows Medicare to pay for voluntary counseling to help beneficiaries deal with the complex and painful decisions families face when a loved one is approaching death.

Read More »

Screwup reveals details of House ethics probe

Internal investigations into the conduct of several House members have been exposed in an extraordinary, Internet-era breach of security involving the secretive process by which Congress polices lawmaker ethics.

Revelations of the mostly preliminary inquiries by the House Committee on Standards of Official Conduct — also known as the Ethics committee — shook the chamber as lawmakers were immersed in a series of scheduled votes Thursday.

Read More »