NEW YORK— Stocks are falling in early trading on Wall Street as retailers report weak sales and a new fiscal fight looms in Congress. The Dow Jones industrial average was down 47 points at 13,366 shortly after the opening bell Thursday. The Standard & Poor´s 500 was off three points at 1,459 and the Nasdaq composite lost six points to 3,106. Some retailers struggled during the most crucial time of the year as shoppers held out for deep discounts.
Sen. Mark Kirk says he´s ready to climb the 45 steps of the U.S. Capitol to the Senate´s front door when he returns to work Thursday nearly a year after suffering a major stroke. "I imagined myself walking to the building and to the entrance that I would see," Kirk, R-Ill., told The Daily Herald in his first extended interview about his ordeal. "That thought would sustain me ... as long as possible." (Snip) Kirk, 53, talked about deepening his faith and his exhausting rehab with the suburban Chicago newspaper.
And the No. 1 person David Letterman blames for his sex scandal: David Letterman. Although a former CBS producer went to jail for extortion after trying to sell for $2 million his silence about the late-night host´s illicit affairs, Letterman says he holds himself responsible for the fallout. "I have no one to blame but myself," Letterman tells Oprah Winfrey in an interview with the media maven airing Sunday on her OWN network. "And now, I feel better about myself, my relationship with my wife is never better, and it´s just
Hillary Clinton has gone Hollywood. One of the hottest political screenplays in Tinseltown is about the outgoing secretary of state, and it’s by a 39-year-old newcomer writer from South Korea. Dubbed “Rodham,” Young Il Kim’s screenplay follows a 20-something Hillary Rodham as she’s trying to decide between her career and boyfriend. This is, after all, the Clintons, so the stakes are of historic proportions. Her job? The youngest attorney on the House Judiciary Committee working to impeach President Richard Nixon. Her boyfriend? Bill Clinton, who was trying to launch his political career in Arkansas.
In 2008, Barack Obama promised that he would not use signing statements, but last night he released when to accompany his signing of the National Defense Authorization Act for Fiscal Year 2013. Here´s Obama´s pledge: (video) He said that signing statements are a presidential power grab, and made clear he believed it violated the Constitution. Overnight, however, Obama released this signing statement, in an attempt to try to change the meaning of the defense bill Congress sent to him for his signature:
WASHINGTON — Furious GOP lawmakers unloaded on fellow Republican House Speaker John Boehner yesterday for spiking a bill to provide $60 billion in Hurricane Sandy relief — prompting a stunning about-face that puts the disaster aid back on a fast track. Boehner had told lawmakers late Tuesday night that the bill wouldn’t get a vote before the end of this Congress’ term — without offering a specific reason — triggering outrage within the New York and New Jersey delegations. Lawmakers in both parties immediately concluded that Boehner, who is up for re-election as speaker today,
WASHINGTON — Northeastern Republicans, long outnumbered and overshadowed in their own party nationally, erupted in fury on Wednesday after the Republican-controlled House of Representatives blocked a measure that sought to provide billions of dollars in aid to New York, New Jersey, Connecticut and other states pummeled by Hurricane Sandy.The depth of the anger was extraordinary and exceedingly personal, with one Republican after another venting their outrage at one man in particular, Speaker John A. Boehner, Republican of Ohio, who quietly moved to keep the bill from coming to the floor early Wednesday
With all the fuss over political cliff dives and President Obama´s gaffes, this fresh Gallup Poll almost slipped by unnoticed. Faced with the prospect of 1,478 more days of empty Obama promises and speeches, at least half of Americans have now decided that America´s best days are behind us. While whopping majorities expect this year´s economy will remain troubled. That federal deficits will continue. That crime will increase. Taxes too. Along with foreign turmoil. While America´s influence and power decline globally.
As NewsBusters reported Wednesday, Al Jazeera entered into an agreement to buy Al Gore´s failing network Current TV. Hours later, as a result of the purchase, Time Warner Cable dropped the station with a message reading to viewers "This channel is no longer available on Time Warner Cable." According to multiple news sources, Current co-founder Joel Hyatt said in a statement that TWC dropped his TV network because TWC "did not consent to the sale to Al Jazeera." “Current will no longer be carried on TWC,"
At a Brady Center event to “Prevent Gun Violence by Jodie Foster Fans from Accidentally Hitting White House Press Secretaries in the Head” the Brady Center Legal Action Project Director asked retired Supreme Court Justice John Paul Stevens whether having a right to a cell phone might be a more universal form of self-defense than gun ownership. “Maybe you have some kind of constitutional right to have a cell phone with a predialed 911 number at your bedside, and that might provide you with a little better protection than a gun, which you’re not used to using,” Justice Stevens mumbled.
Senator Dianne Feinstein´s latest divide-and-conquer attack on the Second Amendment has made even Senator Joe Manchin (D-WV) a sucker for the argument that private citizens do not need high-capacity magazines. These include not only 30-round rifle magazines, but 17-round magazines for handguns like the Glock. Why does anybody need a high capacity magazine? If Senator Manchin were to educate himself by, for example, attending Front Sight´s four-day defensive handgun class, he would learn the two primary answers: (1) Failure to stop the aggressor, and (2) Multiple aggressors
CHICAGO — This city’s 471st homicide of 2012 happened in the middle of the day, in the middle of a crowd, on the steps of the church where the victim of homicide 463 was being eulogized. Sherman Miller, who was 21, collapsed amid gunfire not far from the idling hearse that was there to carry away James Holman, 32, shot to death a week earlier. The funeral shooting at St. Columbanus Catholic Church on the South Side left neighbors fretting that no place, not even a church, felt safe any longer. “It’s become the Wild Wild West,”
Today the Senate will make history, swearing in a record-breaking 20 female senators – 4 Republicans and 16 Democrats – in office. As the 113th Congress is sworn in today on Capitol Hill, ABC "World News" anchor Diane Sawyer has an exclusive joint interview with the historic class of female Senators. Diane Sawyer´s complete interview will air on World News this evening. "I can´t tell you the joy that I feel in my heart to look at these 20 gifted and talented women from two different parties, different zip codes
The U.S. Senate voted 89-8 to approve legislation to avoid the fiscal cliff despite having only 3 minutes to read the 154-page bill and budget score. Multiple Senate sources have confirmed to CNSNews.com that senators received the bill at approximately 1:36 AM on Jan. 1, 2013 – a mere three minutes before they voted to approve it at 1:39 AM. The bill is 154-pages and includes several provisions that are unrelated to the fiscal cliff, including repealing a section of ObamaCare, extending the wind-energy tax credit, and a rum tax subsidy deal for Puerto Rican rum makers.
Today the Senate will make history, swearing in a record-breaking 20 female senators – 4 Republicans and 16 Democrats – in office. As the 113th Congress is sworn in today on Capitol Hill, ABC "World News" anchor Diane Sawyer has an exclusive joint interview with the historic class of female Senators. Diane Sawyer´s complete interview will air on World News this evening. "I can´t tell you the joy that I feel in my heart to look at these 20 gifted and talented women from two different parties, different zip codes to fill this room," Sen. Barbara Mikulksi, D-Md., said
Iranian officials have instructed residents of Isfahan to leave the city, renewing concerns that a nearby nuclear site could be leaking radioactive material. An edict issued Wednesday by Iranian authorities orders Isfahan’s one-and-a-half million people to leave the city “because pollution has now reached emergency levels,” the BBC reported. However, outside observers suspect that the evacuation order may corroborate previous reports indicating that a uranium enrichment facility near Isfahan had been leaking radioactive material.
Facing a storm of outrage, House Speaker John Boehner did an about face Wednesday and promised to quickly pass $60 billion in Hurricane Sandy aid - a day after abruptly canceling a vote on the package.Officials from New York and surrounding states had spent much of the day blasting Boehner for initially yanking the Sandy aid from consideration. Some of the fiercest criticism came from fellow Republicans. His voice shaking, Rep. Pete King (R-Long Island) took to the House floor Wednesday morning to launch an extraordinary attack on Boehner, his political leader.
In praising Congress´s huge new tax increase, President Obama said Tuesday that "millionaires and billionaires" will finally "pay their fair share." That is, unless you are a Nascar track owner, a wind-energy company or the owners of StarKist Tuna, among many others who managed to get their taxes reduced in Congress´s New Year celebration. There´s plenty to lament about the capital and income tax hikes, but the bill´s seedier underside is the $40 billion or so in tax payoffs to every crony capitalist and special pleader with a lobbyist worth his million-dollar salary.
Conservatives have lost the messaging battle on taxes. The public has bought into the notion that they exclusively care about keeping taxes on the rich low (at the expense of the middle class) and that the growth effects of disguised spending (tax credits) are the same as marginal rate reductions. But stepping back to survey the larger picture, it looks like conservatives have won the war. Beginning with Ronald Reagan’s Economic Recovery Tax Act, conservatives have waged a 30-year war over low tax rates. Consider that in 1979
Al Gore may not have to worry about global warming destroying the earth after all. As it turns out, his massive hypocrisy may destroy the universe before global warming can fully kick in. Gore, an ardent proponent of raising taxes, just sold Current TV, his highly unsuccessful TV network that lost hundreds of millions of dollars, to Al Jazeera – a fitting end for a network that features terrorist-friendly programming. Gore was in a rush to finish the deal, which netted him $100 million as owner of 20 percent of Current TV. Why the rush?
HONOLULU - Passing legislation to avoid the "fiscal cliff" -- and undo income tax increases for most Americans -- was hardly automatic. But signing the bill was. President Obama on Wednesday authorized the use of the "autopen" to enact H.R. 8, the compromise bill approved by lawmakers in the 11th hour after a long stalemate to avert the set of tax increases and budget cuts known as the fiscal cliff. House aides said the American Taxpayer Relief Act was delivered to the White House on Wednesday afternoon, well after the president had left to resume his holiday vacation
Americans take great umbrage whenever they, as a society, are portrayed by the residents of other nations as self-centered, avaricious and overbearing. While an egregious exaggeration in the past, is it an accurate description now? Who are the American people today and what sort of country is the United States in 2013? How does one describe a society wherein a majority of the people, and their elected leaders, have embraced the following mindset? •a) The United States can commit to unlimited government spending as the long-term future of the nation is immaterial and will
WASHINGTON- Housing is rebounding. Families are shrinking debts. Europe has avoided a financial crackup. And the fiscal cliff deal has removed the most urgent threat to the U.S. economy. So why don´t economists foresee stronger growth and hiring in 2013? Part of the answer is what Congress´ agreement did (raise Social Security taxes for most of us). And part is what it didn´t do (prevent the likelihood of more growth-killing political standoffs). By delaying painful decisions on spending cuts, the deal assures more confrontation and uncertainty, especially because Congress must reach agreement later this winter to raise
A stunning photograph that captures the moment when a newly born baby emerges from her mother’s womb has become one of the first viral hits of 2013 after the proud parents posted it on Facebook for friends and family to share. Alicia Atkins of Glendale, Arizona gave birth to daughter, Nevaeh, via Caesarean section on October 9. Her husband Randy snapped this touching image of a baby entering the world for the first time and grabbing hold of the doctor’s fingers. ´The doctor called me over and said, "Hey, she´s grabbing my finger,"´ Randy told 3TV News.