Help The Middle ClassNews and Information For The Heart Of America
Iran tests its first nuclear power plant
Iranian and Russian technicians are conducting a test run of Iran’s first nuclear power plant, officials said Wednesday, a major step toward launching full operations at the facility, which has long raised worried the U.S. and its allies.At the same time, Iran claimed another advance in its controversial nuclear program: The number of centrifuges operating [...]
Alzheimer’s Disease: Zen and the Art of Coping With Alzheimer’s
During the YouTube forum with the Democratic presidential candidates in July, the first question about health care came from two middle-age brothers in Iowa, who faced the camera with their elderly mother. Not everybody with Alzheimer’s disease has two loving sons to take care of them, they said, adding that a boom in dementia is [...]
TARP Said to Be Ripe for Fraud: Fewer Than 5% of Banks Reported Usage Of Funds
The U.S. government’s rescue of the financial system is vulnerable to fraud that could potentially cost taxpayers tens of billions of dollars, government watchdogs warned lawmakers Tuesday. Neil Barofsky, the special inspector general for the $700 billion Troubled Asset Relief Program, told a House subcommittee that the government’s experiences in the reconstruction of Iraq, [...]
Commentary: Investigate Wall Street
In Tuesday night’s speech, President Obama attempted to calm the nation, explaining how his programs will stimulate the economy and create a foundation for long-term economic growth. Obama sought to explain what went wrong, starting with the elimination of regulations on the purchase of homes that people could not afford. Obama explained that it is [...]
Renters Lose Edge on Homeowners
The relative cost of owning versus renting is swinging back in favor of homeownership in some U.S. markets, buoyed by several quarters of sharp declines in home prices. At the height of the housing boom, as home prices surged, demand for rentals started to rise as the gap between owning and renting widened significantly. Even [...]
Opinion: Obama Address Renews Audacity To Hope
President Barack Obama gave America the audacity to hope again. After describing the U.S. economy in nearly apocalyptic terms for weeks, pushing his $787 billion stimulus plan through Congress, the president used his address to Congress on Tuesday night to tap the deep well of American optimism — the never-say-die spirit that every president tries [...]
McCain Says Military is Facing a Budgetary ‘Train Wreck’
Cost overruns on big-ticket Pentagon projects have left the U.S. military facing a budgetary “train wreck” at a time of growing budget deficits, Sen. John McCain said Tuesday. McCain and Sen. Carl Levin, D-Michigan and the chairman of the Senate Armed Services Committee, said the cost of 95 major weapons systems — ships, aircraft and [...]
Pakistan Sees ‘Hope’ In Obama Approach
Pakistan is optimistic about the Obama administration’s commitment to its region and will work with the United States on trying to root out extremism within its borders, Pakistan’s foreign minister said. Following a meeting with U.S. Secretary of State Hillary Clinton, Pakistani Foreign Minister Makhdoom Shah Mehmood Qureshi cited a “convergence of interests” between Washington [...]
FACT CHECK: Obama Glosses Over Complex Realities – AP
WASHINGTON – President Barack Obama’s assurance Tuesday that his mortgage-relief plan will only benefit deserving homeowners appears to be a stretch.
Even officials in his administration, many supporters of the plan in Congress and the Federal Reserve chairman expect some of that money will go to people who should have known better than to buy that [...]
Transcript Of Gov. Jindal’s GOP Reponse To Obama Speech
Louisiana Gov. Bobby Jindal will give the GOP response to President Barack Obama’s address to a joint session of Congress. The following is a transcript of the speech as delivered on Tuesday night.
Tonight, we witnessed a great moment in the history of our Republic. In the very chamber where Congress once voted to abolish slavery, [...]
