Former Speaker and failed presidential candidate Newt Gingrich was nominated for the position of Speaker on Wednesday by conservative Rep. Louis Gohmert (R-Texas). There was no second. House Speaker John Boehner (R-Ohio) was nominated for another term by sometime-rival Majority Leader Eric Cantor (R-Va.). Boehner in turn nominated Cantor. The Republican conference formally then elected Boehner as its leader and Cantor as deputy by acclamation.
The markets are going to go into meltdown soon, so expect stocks to lose 20 percent of their value, Marc Faber, author of the Gloom, Boom and Doom report told CNBC on Tuesday. “I don’t think markets are going down because of Greece, I don’t think markets are going down because of the ‘fiscal cliff’ — because there won’t be a ‘fiscal cliff,’ ” Faber told CNBC’s “Squawk Box.” “The market is going down because corporate profits will begin to disappoint, the global economy will hardly grow next year or even contract, and that is the reason why stocks
Barack Obama on Wednesday submitted to his first press conference since March. Some of the White House journalists didn´t seem to hold the long wait against him, however. One reporter, Christi Parsons of the Chicago Tribune, turned into a gushing fan, congratulating the President on his reelection. Parsons cooed to Obama that she had "never" seen him "lose." [See video below. MP3 audio here.] Other questioners, including CNN´s Jessica Yellin, exhorted the President to not "cave" when dealing with Republicans. After calling on Parsons, Obama added, "Christi was there when I was running for state senate."
The sex scandal that toppled CIA Director David Petraeus and stalled confirmation of General John Allen as the top U.S. military commander in Europe may have implications for millions of ordinary Americans. That´s because the scandal was uncovered by a government search of personal emails that apparently even the head of the CIA believed to be private. Here´s what happened: Jill Kelley, a friend of former CIA Director Petraeus, complained to a friend in the FBI about anonymous, threatening emails. The FBI opened a cyberstalking investigation that eventually traced the emails to Petraeus´ biographer Paula Broadwell.
President Obama´s reelection didn´t just put a bounce in his step. It appears that it also erased his gray hair. Appearing in the East Room Wednesday for his post-election press conference, the chatty Obama displayed a head of rich, black hair. Photos and even the White House live stream of the session showed no more gray. But just a week ago, at the end of his campaign, the president had a head of salt and pepper hair
A private donor may have stepped in to pay for the axed Christmas tree, but the controversy will continue as the board are now being accused of racism The on-going controversy over theChristmas tree and the housing association in Kokkedal,
Rep. Cathy McMorris Rodgers (Wash.) was elected chairwoman of the House GOP conference on Wednesday, in a victory for party leaders over insurgent conservatives. McMorris Rodgers had received the quiet support of the highest-ranking GOP lawmakers in her closely watched bid for the fourth-ranking slot among House Republicans, after Democrats won solid majorities of women voters in last week’s election. The Washington state Republican, who has served two terms as the conference’s vice chairwoman, defeated Rep. Tom Price (R-Ga.), a favorite of conservatives, in a closed-door election among House Republicans. Price, a former chairman of the conservative Republican Study Committee,
Capitalism Lives Here -The markets skidded deep into negative territory Wednesday amid worries about the fiscal cliff and rising tensions in the Middle East. The Nasdaq ended the day in correction territory, while the Dow closed at the lowest level since June. Today´s Markets -According to preliminary calculations, the Dow Jones Industrial Average fell 185 points, or 1.5%, to 12571, the S&P 500 dropped 19 points, or 1.4%, to 1356 and the Nasdaq Composite slumped 37.1 points, or 1.3%, to 2847.
President Obama was visibly angry today after Sens. John McCain and Lindsey Graham pledged to block Susan Rice, a potential Secretary of State, over her role in explaining the aftermath of the Sept. 11th attack on the U.S. consulate in Benghazi. “They should go after me,” he said. Obama has not yet nominated Rice, but she is considered a frontrunner for the post. McCain, R-Ariz., and Graham, R-S.C., today said they would seek to block a potential nomination because, as Graham put it, she is “up to her eyeballs in the Benghazi debacle.”
Newly elected state Rep. Derrick Smith could serve nearly a year in office before he has to face trial on federal bribery charges. A federal judge today set the trial for next Oct. 21, according to Smith’s attorney. Smith was expelled by the House after he was indicted on the federal charges. But the Democrat was easily elected last week, defeating an independent candidate. He is set to take the oath of office on Jan. 9. There has been renewed talk in Springfield of expelling him yet again, but that seems unlikely because
Senate Majority Leader Harry Reid (D-Nev.) lashed out at Sen. Scott Brown on Wednesday as he expressed confidence that Democrats could hold on to the Massachusetts seat if Sen. John Kerry is nominated to a Cabinet position. Speaking to reporters Wednesday, Reid ridiculed Brown’s calls for bipartisanship, saying the defeated Republican “should look up in the mirror.” "I saw his plea for bipartisanship,” Reid said dismissively. “That is a big joke. It’s a travesty. He’s one of the most partisan people [who has served].
President Barack Obama offered a fiery defense Wednesday of his administration’s handling of the attack on Americans in Benghazi, calling R epublicans’ critiques of United Nations Ambassador Susan Rice “outrageous.” Obama specifically rebutted Sen. John McCain (R-Ariz.) and Sen. Lindsey Graham (R-S.C.), who earlier Wednesday called for a “Watergate-style” investigation into the attacks and said they don’t trust Rice, seen as a top contender to succeed Hillary Clinton as Secretary of State, because of her statements on Benghazi.
The Republican establishment, consultants, and talking heads should all just take a deep breath. Yes, we have a serious problem with Hispanics. It’s a problem conservative Hispanics have been trying to tell the GOP leadership about for many years with little or no response or action. But the quick-fix immigration solutions now being offered by the likes of Charles Krauthammer and other establishment-elites figures are an over-correction, do not actually address the root of the problem, and, frankly, may even accelerate our losses in the crucial Hispanic demographic.
President Barack Obama revealed at his press conference this afternoon that he is responsible for sending U.N. ambassador Susan Rice to speak to the American people a few days after the September 11 Benghazi terror attack. "As I said before, she made an appearance at the request of the White House in which she gave her best understanding of the intelligence that had been provided to her," Obama said at the press conference, defending the statements the ambassador to the U.N. made regarding the Benghazi attack. Rice has been widely criticized for giving misleading statements about Benghazi.
Edward Jay Epstein has a large and distinguished body of work on intelligence and intelligence-related issues. Among his books in the field are Legend: The Secret World of Lee Harvey Oswald and Deception: The Invisible War Between the KGB and the CIA. Ed has also taken to the ebook form. His ebooks on intelligence-related issues include Killing Castro and James Jesus Angleton: Was He Right? This morning Ed has forwarded the following thoughts on the Petraeus scandal: Before we can walk the cat back, and establish the chronology of a possible penetration,
President Barack Obama opened his first press conference in eight months, noting that America remains in a difficult economy. After reiterating his campaign boilerplate language regarding jobs and education, the president noted that he had met with “civic leaders” before he meets with business leaders later today. Those “civic leaders” included union heads and the leader of far-left MoveOn.org. The president stated that no one in either party wants the nation to go over the “fiscal cliff.” He said that he was open to compromises and new ideas. Headline resplit by staff.
If the Obama administration hoped that the election results and the narrow split in Barack Obama’s favor among Catholic voters would force the US Conference of Catholic Bishops into retreat on the HHS contraception mandate, the USCCB’s unity yesterday had to be a bit disappointing. The current president of the USCCB announced that the bishops would keep fighting the mandate, and while they were open to dialogue, the only option they will refuse to consider is “capitulation”: A top American bishop said Tuesday the Roman Catholic church will not comply with the Obama administration requirement
With the election over, President Barack Obama lavished praise on Republican presidential candidate Mitt Romney at today´s press briefing: [video]"There are certain aspects of Governor Romney´s record and his ideas that I think could be very helpful," said Obama. "Well, and to give you one example, I do think he did a terrific job running the Olympics." Obama added, "He presented some ideas in the course of the campaign that I actually agree with." During the campaign, praise from Obama for Romney
WASHINGTON - Republicans on a House panel that investigated the collapse of the brokerage MF Global are pinning the blame on ex-CEO Jon Corzine, a former Democratic senator and governor. The Republicans say the investigation shows that Corzine´s decisions caused MF Global´s bankruptcy in October 2011 and its loss of more than $1 billion in customer money. They say Corzine turned the brokerage firm into an investment bank making risky trades. They also say Corzine ran the firm in an authoritarian manner and didn´t allow anyone to challenge his decisions.
Today, President Obama held his first press conference in five months. It was a bizarre mix of softball questions from his press sycophants, false righteous indignation from the president over his administration’s Benghazi failures and lies, and an oddly blustery position shift on tax hikes as opposed to tax loopholes. Obama opened his press conference with his usual patter about class warfare and the fiscal cliff, insisting on raising taxes first and foremost. Then a reporter asked him about whether he knew about the Petraeus investigation – or whether he should have known. Headline resplit by staff.
President Obama has made clear that he will not accept a deal to avoid the "fiscal cliff" that does not include tax rate increases for families making more than $250,000 annually. But just how much will this tax increase accomplish in terms of reducing deficits and putting the nation on the right fiscal track? As it turns out, not much. For some perspective, think back to how Obama and Congress arrived at this point. In 2011, Congress created the so-called supercommittee to reduce the deficit as part of a deal to increase the debt ceiling and
"As I said before, she made an appearance at the request of the White House in which she gave her best understanding of the intelligence that had been provided to her. If Senator McCain and Senator Graham and others want to go after somebody, they should go after me. And I´m happy to have that discussion with them. But for them to go after the U.N. ambassador who had nothing to do with Benghazi, and was simply making a presentation based on intelligence that she had received, and besmirch her reputation is outrageous," President Obama said
Jon Bon Jovi´s 19-year-old daughter Stephanie Rose Bongiovi was arrested at her college in Upstate New York early this morning after allegedly overdosing on heroin ... TMZ has learned. According to the Town of Kirkland Police Department, cops responded to a dorm room at Hamilton College after someone reported that Stephanie had allegedly overdosed on heroin and was unresponsive. Along with police, emergency medical personnel also responded to the scene and found Stephanie alive. Cops say a drug task force searched the scene and found a "small quantity" of heroin ... along with marijuana
House Minority Leader Nancy Pelosi told reporters Wednesday that she was motivated to stay on as the leader of the Democratic caucus in the House because she wanted to change “the role of money in politics.” She also called President Obama “the most respected person on the planet.” “What I talked about here about changing the role of money in politics is really a very important motivator for me to stay in the leader’s office. I think it must be done. When people say that — ‘oh, and I’ve read in the course
Six educators whose schools have been implicated in a statewide cheating probe committed security breaches on standardized tests in 2010, including providing students with answers or failing to properly safeguard test materials, according to the state Department of Education. Three top administrators at the Robert Treat Academy in Newark, one of New Jersey’s most successful charter schools, failed to properly secure test materials for sixth graders who took the NJ-ASK test, according to an investigative report released Tuesday. In a separate report, the state found that three educators at John Marshall School No. 20 in Elizabeth gave answers to third-graders