California Policy Report

Are rich taxed less than secretaries?

"Middle-class families shouldn't pay higher taxes than millionaires and billionaires," Obama said Monday. "That's pretty straightforward. It's hard to argue against that." The data tell a different story.

Pew: 8 percent of U.S. births are to illegal immigrants

About 8 percent of children born in the United States in 2008 — about 340,000 — were offspring of unauthorized immigrants, according to an analysis of Census Bureau data by the Pew Hispanic Center released on Wednesday.

Another unfulfillable promise. Gitmo to remain open.

President Obama's decision to suspend sending any detainees being held in the Guantánamo Bay detention facility back to Yemen was "politically, a no-brainer," a senior administration official tells NEWSWEEK.

U.S. won't join landmine ban, administration decides

I have to say that for one I am glad to see that this administration did not join in on this. This would reduce the security of our forces around the world to the point where defensive positions would be nearly untenable.

Jeffery Peek: Master of the Universe no more

Jeffery Peek, another highly paid "Master of the Universe" leads CIT into bankruptcy. Good job Jeffery! You were worth every penny paid for your work at CIT. As President and Chairman of the Board, you had absolute power at CIT, and you used it very poorly.

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Obama hints at amnesty for illegal immigrants

President Barack Obama stayed away from hot-button words in remarks Thursday on immigration reform, but he hinted that his immigration push will include some kind of "amnesty" or "legal path" for illegal immigrants already in the U.S.

Swine flu empties Mexico City's churches, streets

US Rushing to Get More Authority Over Financial Giants - Financials * US * News * Story - CNBC.com

The White House and Congress are rushing to write legislation that allows the federal government to take over and unwind the businesses of a large financial institution—such as AIG or Citigroup the way it now can with commercial banks, CNBC has learned.

FDIC's Bair: 'Too Big to Fail' Strategy Must End - Economy * US * News * Story - CNBC.com

The head of the Federal Deposit Insurance Corporation said Thursday that the government's strategy in the financial crisis of bailing out huge institutions deemed "too big to fail" must be replaced by a new model.

US is Already Bankrupt: Analyst - CNBC.com

Technically, the U.S. is already bankrupt because it has a debt that is almost four times the size of its economy, says Puru Saxena, CEO of Puru Saxena Wealth Management. He tells CNBC's Amanda Drury & Sri Jegarajah that the U.S. is at risk of hyperinflation.

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