Thursday, May 07, 2009
Media falsely claim Obama said he doesn't want a justice committed to following the law | Media Matters for America
Media falsely claim Obama said he doesn't want a justice committed to following the law Media Matters for America: "Media figures and outlets have falsely suggested that President Obama said that he will seek a replacement for Justice David Souter who demonstrates the quality of 'empathy' rather than a commitment to follow the law. In fact, in that statement Obama said that his nominee will demonstrate both."
UPDATE: ConsumerReports.org
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Stress tests find 10 big banks need $75B more - Yahoo! News
Stress tests find 10 big banks need $75B more - Yahoo! News: "Ten of the nation's largest financial firms need to raise $75 billion more to withstand the losses that would come with a deeper recession, the government said Thursday in a report card that found the banking system viable but still vulnerable."
Drew Peterson indicted in 3rd wife's death
Drew Peterson indicted in 3rd wife's death: "Drew Peterson, the brash, mustachioed former police sergeant who found tabloid fame after his fourth wife's disappearance more than 1 1/2 years ago, was indicted Thursday in the drowning death of a former wife found dead in an empty bathtub in 2004."
Crain's Daily News Alert prepared for Top Executives
ABC7 eNews
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Obama moves to cut $17 billion from budget
Obama moves to cut $17 billion from budget: "President Barack Obama asked Congress on Thursday to eliminate or trim 121 federal programs for a savings of $17 billion in the coming budget year. Many of the proposed cuts have already been rejected by Obama's allies in Congress, including some programs that his predecessor, President George W. Bush, repeatedly sought to end."
Claiming "Bush went to church a lot," Doocy criticized Obama for National Prayer Day decision | Media Matters for America
Claiming "Bush went to church a lot," Doocy criticized Obama for National Prayer Day decision Media Matters for America: "On the May 7 edition of Fox News' Fox & Friends, discussing President Obama's decision not to hold a public ceremony for National Prayer Day, co-host Steve Doocy asserted that 'there's a big difference between this president and the last one."
CNN exec concedes Dobbs is "opinionated" -- but that's the least of his journalistic faults | Media Matters for America
CNN exec concedes Dobbs is "opinionated" -- but that's the least of his journalistic faults Media Matters for America: "While CNN's Jon Klein conceded to The New York Times that Lou Dobbs constitutes an exception to CNN's 'no bias' strategy during prime time -- with Klein acknowledging 'that Mr. Dobbs ... is the most opinionated anchor on CNN' -- he apparently did not acknowledge the numerous falsehoods and distortions, including of other CNN reports, committed by Dobbs."
Bright-Spot-in-Downturn-New-Hiring-Is-Robust: Personal Finance News from Yahoo! Finance
Bright-Spot-in-Downturn-New-Hiring-Is-Robust: Personal Finance News from Yahoo! Finance: "Everyone knows the grim news — unemployment in the United States has jumped to 8.5 percent, a 25-year high, and is racing toward double digits. Since November, the nation has lost more than three million jobs.
But not everyone knows the brighter side to the equation: deep in the maw of the deepest recession since the Great Depression, millions are still being hired."
But not everyone knows the brighter side to the equation: deep in the maw of the deepest recession since the Great Depression, millions are still being hired."
New jobless claims unexpectedly plunge to 601K - Yahoo! Finance
New jobless claims unexpectedly plunge to 601K - Yahoo! Finance: "New applications for jobless benefits plunged to the lowest level in 14 weeks, a possible sign that the massive wave of layoffs has peaked. Still, the number of unemployed workers getting benefits climbed to a new record."
GM posts $6B 1Q loss, spends $10.2B in cash
GM posts $6B 1Q loss, spends $10.2B in cash: "General Motors Corp. lost $6 billion in the first quarter and its revenue was cut nearly in half as car buyers feared the wounded auto giant would enter bankruptcy and no longer honor its warranties."
Gunman in wig kills Conn. student at bookstore
Gunman in wig kills Conn. student at bookstore: "A disguised gunman fatally shot a Wesleyan University student while she worked at a popular bookstore near campus Wednesday before fleeing into the bustling downtown area, leaving his wig behind."
Afghanistan, Pakistan form new anti-militant front
Afghanistan, Pakistan form new anti-militant front: "President Barack Obama has gathered sometimes mistrustful leaders of Pakistan and Afghanistan to forge a new anti-terror front, but Afghan deaths in US raids have cast a pall over their high-stakes summit."
Gov't sets June 8 deadline for banks' capital plan
Gov't sets June 8 deadline for banks' capital plan: "The nation's biggest banks that are found to need more capital after government stress tests will have one month to come up with a plan to raise the additional resources, federal regulators said Wednesday."
North Korea seen readying for new nuclear test
North Korea seen readying for new nuclear test: "There is increased activity at North Korea's known nuclear test site, a South Korean news report said on Thursday, suggesting Pyongyang is gearing up for a new test as it has threatened in response to tightened U.N. sanctions."
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