Entries

S & P: Greek Bank Plan Would Cause Default

The New York Times reports : Greece risks being judged in default on its debt obligations if banks are forced to bear part of the pain, Standard & Poor’s said Monday, suggesting that current proposals for rescuing the euro zone’s weakest member may have to be reconsidered. In …

Written by FrumForum News on Monday July 4, 2011

Remember America's Potential in Hard Times

Wrath over taxation may have started the Revolution, but reason, temperance, and conciliation won the republic. It has been frequently remarked that it seems to have been reserved to the people of this country, by their conduct and example, to decide the important question, whether societies …

Written by Fred Bauer on Monday July 4, 2011

Writer Files Assault Charges Against DSK

Reuters reports : French writer Tristane Banon will file a legal complaint on Tuesday over an alleged rape attempt by former IMF chief Dominique Strauss-Kahn in 2002, her lawyer told Reuters. David Koubbi, Banon's attorney, said the complaint would relate to an incident that took place …

Written by FrumForum News on Monday July 4, 2011

New Congress is Least Productive in Years

The Chicago Tribune reports : Reporting from Washington— Freshman Republican Sen. strong> Kelly Ayotte New Hampshire Harry Reid C-SPAN

Written by FrumForum News on Monday July 4, 2011

Fox News Twitter Account Hacked

BBC reports : Hackers have taken over a Twitter account belonging to US broadcaster Fox News and declared President Obama dead. The @foxnewspolitics feed stated: "BREAKING NEWS: @BarackObama assassinated, 2 gunshot wounds have proved too much." More than two hours after the malicious …

Written by FrumForum News on Monday July 4, 2011

Douthat: What Is The Future Of Marriage?

Ross Douthat writes : In 44 states, the future of gay marriage still depends on legislatures, governors and voters — and eventually, perhaps, Supreme Court Justice Anthony Kennedy. But in New York, as in five states before it, gay marriage’s future is in the hands of gay couples …

Written by FrumForum News on Monday July 4, 2011

NASA Faces Brain Drain

The New York Times reports : As NASA prepares to launch its last space shuttle — ending 30 years in which large teams of creative scientists and engineers sent winged spaceships into orbit — it is facing what may be a bigger challenge: a brain drain that threatens to undermine safety as …

Written by FrumForum News on Monday July 4, 2011

Rand Paul Plans Debt Ceiling Filibuster

The Huffington Post reports : WASHINGTON -- Sen. Rand Paul (R-Ky.) is planning a Senate filibuster next week in an attempt to force debt ceiling negotiations into the open. "We've had not one minute of debate about the debt ceiling in any committee," he said in an interview with C-SPAN's …

Written by FrumForum News on Monday July 4, 2011

49% Of French Want DSK To Return

Bloomberg reports : Dominique Strauss-Kahn should return to the French political scene, according to 49 percent of people surveyed by the French daily Le Parisien . A total of 45 percent said he shouldn’t come back to politics, the poll showed. Harris Interactive conducted the …

Written by FrumForum News on Monday July 4, 2011

Romer: Cutting Spending Won't Boost Growth

The New York Times reports : DEALING with our nation’s gaping budget deficit is going to hurt. So here is a question for policy makers: What would hurt more, raising taxes or reducing spending? The Republicans who walked out of budget negotiations the other week think they know the …

Written by FrumForum News on Monday July 4, 2011

Greece Jails American Flotilla Captain

The New York Times reports : ATHENS — The American captain of a United States-flagged boat in the planned flotilla to Gaza was jailed Saturday, a day after trying to sail out of port, flotilla organizers said. A judge contended that the boat, The Audacity of Hope, was not carrying …

Written by FrumForum News on Monday July 4, 2011

Senate GOP Open To 'Raising Revenue'

The New York Times reports : WASHINGTON — Two senior Republicans said Sunday that they might be open to raising new government revenue as part of a deal to resolve the dispute over the federal debt ceiling , but they warned that there was little time to enact a comprehensive deal. One …

Written by FrumForum News on Monday July 4, 2011

Clinton Calls For Corporate Tax Cut

Politico reports : ASPEN, Colo. — President Bill Clinton says the nation’s corporate tax rate is “uncompetitive, ” and called for a lower rate as part of a “mega-deal” to raise the debt ceiling. “When I was president, we raised the corporate income-tax rates on corporations that made …

Written by FrumForum News on Monday July 4, 2011

Can the Debt Crisis Lead to Impeachment?

The debt-ceiling crisis is growing into an impending constitutional crisis. The debt-ceiling crisis is growing into an impending constitutional crisis. Imagine this scenario: * House Republicans and the president fail to reach a budget agreement. * House Republicans refuse to raise the …

Written by David Frum on Monday July 4, 2011

How America's First Central Bank Was Killed

Amid current political pressures to abolish the Fed, Independence Day weekend is a good time to look back at the end of the Fed’s early precursor. This year is the 200th anniversary of a political fight that terminated the Bank of the United States, the nation’s long-ago central bank. Amid …

Written by Kenneth Silber on Sunday July 3, 2011

Big Banks Easing Terms On Risky Home Loans

The New York Times reports : As millions of Americans struggle in foreclosure with little hope of relief, big banks are going to borrowers who are not even in default and cutting their debt or easing the mortgage terms, sometimes with no questions asked. Two of the nation’s …

Written by FrumForum News on Saturday July 2, 2011

Rhode Island Governor Signs Gay Civil Union Law

Reuters reports : Rhode Island's governor on Saturday signed into law a controversial bill legalizing same sex civil unions, but said it does not go far enough toward legalizing gay marriage. Governor Lincoln Chafee, an independent who supports gay marriage, nonetheless signed the measure …

Written by FrumForum News on Saturday July 2, 2011

Thousands Protest Georgia Immigration Law

The Associated Press reports : Thousands of marchers stormed the Georgia Capitol on Saturday to protest the state's new immigration law, which they say creates an unwelcome environment for people of color and those in search of a better life. Men, women and children of all ages converged on …

Written by FrumForum News on Saturday July 2, 2011

Libyan Rebels Near Misurata Struggle to Advance

The Washington Post reports : Outside Misurata, the rebel army is stuck. For weeks, the fighters opposed to Libyan leader Moammar Gaddafi’s government have been bogged down in the lightly wooded areas surrounding this besieged city, pounded by rockets, struggling to advance or even …

Written by FrumForum News on Saturday July 2, 2011

U.S. Seeks New Afghan Supply Routes

The Washington Post reports : The U.S. military is rapidly expanding its aerial and Central Asian supply routes to the war in Afghanistan , fearing that Pakistan could cut off the main means of providing American and NATO forces with fuel, food and equipment. Although Pakistan has …

Written by FrumForum News on Saturday July 2, 2011