Tonight Standard and Poors reduced the credit rating of the Untied States from AAA to AA+. Their main reasoning (see report here – PDF) is that our spending is still high and we are not increasing revenue. As matter of fact the report really unleashes on the revenue part: Compared with previous projections, our revised […]
Yes it is: Unions and liberal groups have dismissed Sen. Harry Reid’s $15 billion jobs bill as “puny” while calling for larger stimulus measures. More than two dozen organizations, including the AFL-CIO, National Association for the Advancement of Colored Peoples (NAACP) and National Council of La Raza, warned Democratic leaders in Congress to avoid tackling […]
That’s what he told the Washington Post. Obama said the public option “has become a source of ideological contention between the left and right.” But, he added, “I didn’t campaign on the public option.” Now I have to swallow some pride and quote Rep. Joe Wilson – ‘YOU LIE’ Does President Obama really expect to […]
Stories like this just really give you a warm and fuzzy feeling about the insurance industry: Health insurance giant Aetna is planning to force up to 650,000 clients to drop their coverage next year as it seeks to raise additional revenue to meet profit expectations. In a third-quarter earnings conference call in late October, officials […]
Good luck with that: Media giant News Corporation Ltd intends to charge for all its news websites in a bid to lift revenues, as the transition towards online media permanently changes the advertising landscape. News Corp chairman Rupert Murdoch told analysts in a conference call after News Corp released its full-year results that the traditional […]
Times are tough for poor Rupert, so he has decided the time is coming to charge people to read his news: Rupert Murdoch expects to start charging for access to News Corporation‘s newspaper websites within a year as he strives to fix a ”malfunctioning” business model. Encouraged by booming online subscription revenues at the Wall […]
This is absolutely hilarious. It’s from yesterday’s conference call with reporters where the McCain campaign cried about being called liars.
The McCain campaign doesn’t like being called what they are – liars: Sen. John McCain’s top campaign aides convened a conference call today to complain of being called “liars.” They pressed the media to scrutinize specific elements of Sen. Barack Obama’s record. But the call was so rife with simple, often inexplicable misstatements of fact […]
This is hilarious. Yglesias has the details: Slate’s John Dickerson asks an obvious question on a conference call with Hillary Clinton’s campaign: “What foreign policy moment would you point to in Hillary’s career where she’s been tested by crisis?” After an uncomfortably long moment during which neither Mark Penn, Howard Wolfson and Lee Feinstein have […]
That is the rumor with the announcement of Rob Portman leaving the Bush administration: Rob Portman’s announcement Tuesday that he will resign as White House budget director puts the popular former Cincinnati-area congressman back in play as a force in Ohio politics – and as a potential statewide candidate in coming elections. For a political […]