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Top Stories - Economy

TOP NEWS: Economy: May 19, 2012

 World Leaders at U.S. Meeting Urge Growth, Not Austerity J.P. Morgan Struggles to Unwind Huge John Boehner’s Debt Sword–at the Ready Japan & Europe Are Choking on Excess Spending  Why Obama Is Sweating JP Morgan  Members of the Class of ’12: You’re Screwed 

bald eagle flag

TOP NEWS: Democracy: May 19, 2012

Scott Walker Hangs Tough in Wisconsin Obama’s Pastor & the Ricketts Smear “Metrosexual Black Abe Lincoln” **Alabama Gets Strict Immigration Law as Governor Relents House Vote Upholds Indefinite Detention of Terror Suspects Can Obama Recapture the Youth Vote?

World Map of Happiness

TOP NEWS: Nat’l Security / Foreign Affairs: May 19, 2012

Blind Chinese Activist Departs for U.S. Congress Must OK Military Intervention Export-Import Bank: Corporate Welfare Get Tougher With Vladimir Putin Chicago Protests Draw Thousands Before NATO Event Hollande Tells Obama Troop Pullout Will Proceed Excerpts and more stories below Blind Chinese Activist Departs for U.S. – Josh Chin – WSJ – Blind Chinese activist Chen [...]

Brooks-Krugman

Brooks, Krugman, Austerity in the Balance

DAVID BROOKS, NY Times - The people who pioneered democracy in Europe and the United States had a low but pretty accurate view of human nature. They knew that if we get the chance, most of us will try to get something for nothing. They knew that people generally prize short-term goodies over long-term prosperity. So, [...]

Racial Politics, 2012

Racial Politics, 2012-Style

NY Times, Editorial For many Republicans, the belief has never died that President Obama is a secret revolutionary nurtured on black liberationist theology. Right-wing Web sites are littered with this nonsense, and the Fox News host Sean Hannity regularly tries to tie Mr. Obama to the clearly racist views of his former pastor, the Rev. [...]

debt ceiling

Boehner Demands Spending Cuts for Any Debt Limit Increase

Brian Faler, Bloomberg - House Speaker John Boehner revived Republicans’ insistence that any increase in the nation’s debt limit be matched by at least as much in spending cuts, positioning his party for a renewed standoff with Democrats over the federal budget.

Jaime Daimon Chase

JPMorphing

NY Times Editorial - When he disclosed a stunning $2 billion trading loss at JPMorgan Chase last week, Jamie Dimon, the bank’s chief executive, insisted that the trades had not violated the Volcker Rule, a crucial part of the Dodd-Frank reform law that is supposed to bar banks from doing risky trading for their own account. [...]

Top Stories - Economy

TOP NEWS: Economy: May 17, 2012

Facebook: The smart money exits JPMorgan’s Trading Loss Is Said to Rise at Least 50%  Territorial Taxes Would Improve U.S. Competitiveness  Jobless claims steady, mid-Atlantic factories sag  April economic index drops after 6 months of gains 

Obama Commencement

A Tale of Two Commencements

Daniel Henninger, Wall Street Journal Op-Ed - For Obama, politics is life. For Romney, politics does not define us. Two days after Mitt Romney delivered the commencement speech at Liberty University, the big evangelical Christian school founded by Jerry Falwell, Barack Obama tutored graduates at Barnard College,

greek bank run

‘Grexit’: Are Greece’s euro fears causing a $1-billion bank run?

Tiffany Hsu, The Los Angeles Times- Greek officials were busy today cobbling together an emergency plan after talks to form a coalition government disintegrated Tuesday. In the meantime, Greeks have withdrawn $900 million from local banks.