Morning Transportation: Asiana crash ASIANA AFTERMATH — Don’t assume anything: NTSB Chairwoman Debbie Hersman doesn’t want reporters jumping to any conclusions about the Asiana crash, saying in the safety agency’s third daily briefing that “we will not determine probable cause while ... 07/10/2013 - 2:42 am | View Link
DeFazio mocks GOP freshmen Every so often you get a peek into the dysfunction of Congress, and the level of disdain and distrust that some members have for their colleagues across the aisle. This time, it comes courtesy of Willamette Week, which posted the above interview with Rep. 07/4/2012 - 1:00 pm | View Link
DeFazio: Budget crisis is solved if Congress does nothing Rep. Peter DeFazio (D-Ore.) on Tuesday morning said the federal budget crisis would be resolved if Congress simply does nothing and allows the Bush tax cuts and payroll tax holiday to expire. He said his plan has the virtue of bringing in needed government ... 07/26/2011 - 4:45 am | View Link
Controversy surrounding DeFazio comments on Obama continues (CNN) - Rep. Peter DeFazio, D-Oregon, Thursday appeared to backtrack comments he made on CNN's "Parker Spitzer" Wednesday night claiming he'd been told President Obama pressured Democrats to vote for a controversial extension of Bush-era tax ... 12/15/2010 - 11:00 am | View Link
Disgruntled Dem Wants Geithner, Summers Sacked (Newser) – Rep. Peter DeFazio wants Barack Obama to fire the Larry Summers and “Timmy Geithner” for being Wall Street lap dogs, and says there’s a “growing consensus” in the Progressive Caucus that agrees with him. Summers and Geithner oppose a ... 11/19/2009 - 3:42 am | View Link
The world is celebrating Nelson Mandela as a selfless visionary who led his country out of the grips of apartheid into democracy and freedom. But some of the very people lavishing praise on South Africa’s first black president worked tirelessly to undermine his cause and portray the African National Congress he lead as pawns of the Soviet Union.
Credit: Associated Press The unemployment rate will remain above 6.5 percent throughout 2014 and into 2015, according to two economists from the Cleveland Federal Reserve, whose forecast is more pessimistic than the central bank’s official projection that the rate would drop to that level by the middle of next year.
CREDIT: AP Speaking at the conservative American Legislative Exchange Council on Thursday, Sen. Ted Cruz (R-TX) embraced the oddly common view among Tea Partiers that American voters should not be allowed to choose their own senators. According to Cruz, “prior to the Seventeenth Amendment,” which provided that voters and not state lawmakers will select U.
US stocks surged Friday after a better-than-expected labor report showed solid job creation in November and boosted prospects that the Federal Reserve will begin to taper stimulus.
After 45 minutes of trade, the Dow Jones Industrial Average surged 130.39 points (0.82 percent) to 15,951.90.
The broad-based S&P 500 advanced 15.03 (0.84 percent) to 1,800.06, while the tech-rich Nasdaq Composite Index jumped 20.22 (0.50 percent) to 4,053.38.
The strong opening rally signaled stocks looked ready to break a string of losses after a better-than-expected November jobs report showed the US jobless rate fell sharply, to 7 percent, a five-year low, and the economy added 203,000 jobs.
Wall Street’s bullish reaction to the increased odds that the Fed will begin reducing its monthly $85 billion in asset purchases aimed at holding down long-term interest rates seems counterintuitive, said Chris Low of FTN Financial.
“This could be what technicians call a nail, where markets reject news and move counterintuitively, typically after correctly anticipating something.
Rick Santorum appeared on the "The O'Reilly Factor" on Thursday night and "honored" the legacy of Nelson Mandela by comparing Obamacare to apartheid."Nelson Mandela stood up against a great injustice and was willing to pay a huge price for that, and that’s the reason he is mourned today, because of that struggle that he performed," Santorum said.
Also not a centrist Democrat, in case you were wondering.
Wall Street front group Third Way accomplished some good things with its recent op-ed attacking Sen. Elizabeth Warren and New York City Mayor-elect Bill de Blasio and economic populism. It departed from its usual strategy of lobbying from the shadows to push elected Democrats to the right, drawing attention to the fight between those of us who want crazy stuff like taxing the rich and expanding Social Security and the Wall Street "Democrats" who want to cut Social Security and cut corporate taxes.