Entries

McCain: Increase Libya Air Attacks

The Hill reports : Sen. John McCain (R-Ariz.) said Monday he feared a "stalemate" has developd in Libya that would lead to a more radical government in that country. img src='http://ad.thehill.com/www/delivery/avw.php?zoneid=121&n=ada93f9b&ct0=INSERT_CLICKURL_HERE' …

Written by FrumForum News on Monday April 18, 2011

Cantor: Need Cuts for Debt Limit Rise

The Hill reports: House Republican leaders say S&P's "negative" outlook on U.S. debt is reason to make debt-ceiling hike conditional. Top House Republicans are using Standard & Poor’s new outlook on U.S. debt to both call for more action from Democrats on deficit reduction and to …

Written by FrumForum News on Monday April 18, 2011

WH Downplays S&P Downgrade

The Wall Street Journal reports : The Obama administration said Monday Standard & Poor’s negative outlook on long-term U.S. debt underestimates the country’s ability to face fiscal challenges. S&P early Monday affirmed the federal government’s “AAA” rating but changed its …

Written by FrumForum News on Monday April 18, 2011

Debt Default Fears Hit Wall Street

Wall Street's reaction to S&P's downgrade of the outlook on U.S. debt should be a warning to Republicans not to use the debt ceiling as a political football. S&Ps recent downgrade of the outlook on American debt isn't surprising. But the market's rapid decline in its wake should be a warning …

Written by Eli Lehrer on Monday April 18, 2011

Qaddafi's Choice: Power or Prison?

Before Libya, the White House was warming to the idea of an international criminal court. But now Qaddafi's fears of a war crime trial are hampering efforts to find an exit plan. "The Elba option is impossible in the modern world," sighed an unhappy German diplomat. Elba is a small, scenic …

Written by David Frum on Monday April 18, 2011

Club for Growth: Trump's a Liberal

Politico reports : The Club for Growth is blasting Donald Trump's flirtations with a presidential run, saying he isn't a credible conservative candidate in 2012. The club, which advocates for smaller government and lower taxes, calls Trump's White House hopes a "publicity stunt [that] …

Written by FrumForum News on Monday April 18, 2011

Trump Hits Back at Rove

The Hill reports : On Fox & Friends this morning, Donald Trump fired back at Karl Rove for calling him a "joke candidate." "One of the problems that Rove has is that he's devastated, I understand, that Romney's doing so badly. He took a shot at me the other day, which was, I think, …

Written by FrumForum News on Monday April 18, 2011

Syria: Protesters Rally at Funerals

Al Jazeera reports : Thousands of Syrians have attended the funerals for protesters killed in the central city of Homs, chanting slogans demanding the overthrow of Bashar al-Assad, the country's president. Rights activists say security forces killed at least 25 pro-democracy protesters …

Written by FrumForum News on Monday April 18, 2011

Rebels: NATO Must Do More

CNN reports : The nightmare in Libya's war-torn city of Misrata intensified Monday amid more shelling on the city and desperate measures to get medical care, an opposition spokesman said. "The aid coming from outside is not enough. There is no hospital," said the spokesman, who wanted to be …

Written by FrumForum News on Monday April 18, 2011

S&P: U.S. Debt Outlook 'Negative'

The Wall Street Journal reports : Standard & Poor's Ratings Services Inc. cut its outlook on the U.S. to negative, increasing the likelihood of a potential downgrade from its triple-A rating, as the path from large budget deficits and rising government debt remains unclear. "More …

Written by FrumForum News on Monday April 18, 2011

FroshUpdate - Apr 18, 2011

Intense Lobbying on Debt Ceiling; The Double Standard on Duffy; Grimm Asks Obama to Release Israeli Spy Even as we ease into Congressional recess, the freshmen are still making news across the country. Time to clear up your desk, read flagged emails and muse about whether or not to raise the …

Written by Tim Mak on Monday April 18, 2011

Bartlett: Obama's Tax Truths

Bruce Bartlett writes at The Fiscal Times: On the tax issue, the Republican message is simple, clear, unambiguous, and wrong. But it is repeated so relentlessly and aggressively that its logical and factual weaknesses get lost in the discussion. Rather than counter the Republican …

Written by FrumForum News on Monday April 18, 2011

Obama Hits Road to Sell Deficit Plan

The New York Times reports : After weeks of tussling and political gamesmanship in Congress over federal spending, President Obama will take his message on the road this week, traveling to the West Coast to promote his deficit-cutting plan. It is the first campaign-style tour for Mr. …

Written by FrumForum News on Monday April 18, 2011

Reid Leads Senate Trip to China

The Hill reports : img src='http://ad.thehill.com/www/delivery/avw.php?zoneid=121&n=ada93f9b&ct0=INSERT_CLICKURL_HERE' border='0' alt='' />

Written by FrumForum News on Monday April 18, 2011

Ground Zero Work Halted

Wall Street Journal reports : The effort to finance a new World Trade Center tower has hit a new snag. Problems in selling new bonds, if not resolved, could eventually halt construction of Tower 4 at ground zero. A group of institutional investors has helped delay a planned $1.3 billion …

Written by FrumForum News on Monday April 18, 2011

Robots Sent Into Nuke Plant

The AP reports : Readings Monday from robots that entered two crippled buildings at Japan's tsunami-flooded nuclear plant for the first time in more than a month displayed a harsh environment still too radioactive for workers to enter. Nuclear officials said the radiation data for Unit 1 …

Written by FrumForum News on Monday April 18, 2011

How the Super-Rich Scored on Tax Day

This year, the IRS reports that the average federal income tax rate on the 400 highest adjusted gross incomes is 17%. Want to know how? Just look to the tax code. Historically, the Internal Revenue Service makes an announcement the first week of April that they have arrested a public figure or …

Written by Hank Adler on Monday April 18, 2011

US Secretly Funded Syrian Opposition

The Washington Post reports: The State Department has secretly financed Syrian political opposition groups and related projects, including a satellite TV channel that beams anti-government programming into the country, according to previously undisclosed diplomatic cables. The …

Written by FrumForum News on Monday April 18, 2011

World Bank Head: One Shock Away From Crisis

BBC News reports: The president of the World Bank has warned that the world is "one shock away from a full-blown crisis". Robert Zoellick cited rising food prices as the main threat to poor nations who risk "losing a generation". He was speaking in Washington at the end of the spring …

Written by FrumForum News on Monday April 18, 2011

Inside Japan's Deserted Zone

The Wall Street Journal reports: FUTABA, Japan—In the Coin Laundry, a dryer is still loaded with clothes: an orange hooded sweatshirt, a green worker's vest and two pairs of jeans, damp and smelling of mildew. At Joe's Man restaurant near the train station, a menu lists the lunch specials, …

Written by FrumForum News on Monday April 18, 2011