Arnold Schwarzenegger may believe that he would be sitting in Barack Obama’s chair in the Oval Office if only he had been born a U.S. citizen
Is California the State Closest to Economic Ruin?
Tag Archives: nation
Thirty Years After the Revolution, U.S. Still Struggles to Understand Iran
Tens of thousands of Iranians march across central Tehran to Freedom Square angrily demanding the overthrow of the nation’s leader in favor of an unlikely political leader. The scene describes Iran today, but it could be a snapshot of the Islamic revolution 30 years ago. Then, as now, the protest gradually picked up steam before exploding into a mass movement
Venezuela opens new probe against TV station
The government of leftist Venezuelan President Hugo Chavez heightened its battle Tuesday against the only critical private broadcaster left in the nation, launching a fourth investigation into the Globovision network. Two officials with Venezuela’s Conatel agency, which regulates the nation’s telecommunications, served the papers at Globovision’s station in Caracas
Work begins on nation’s largest mass transit project
The largest mass transit project in the country got under way Monday with the help of federal stimulus dollars, as public officials broke ground on a second passenger rail tunnel beneath the Hudson River. The new tunnel will link New Jersey with New York and eventually will double capacity on the nation’s busiest rail corridor, running from Washington to Boston, Massachusetts, officials said.
Banking Jobs Holding Up Better than Most in Recession
Staffers in the industry at the heart of the nation’s economic woes have been hurt less in the downturn than the rest of the country has. Jobs in the banking and insurance industries have fallen just 5% since the start of the recession. That’s half a percentage point less than the 5.4% overall drop in nongovernment employment over the same time period, according to the Bureau of Labor Statistics
GM expected to file for bankruptcy Monday
General Motors, the nation’s largest automaker and for decades an icon of American manufacturing, stood on the brink of a bankruptcy filing and a de facto government takeover on Monday. A bankruptcy petition will be filed at 8 a.m., according to a source with direct knowledge of the bankruptcy proceedings. President Barack Obama will address the nation shortly before noon on Monday to explain the rationale for the filing, and his hopes that this is the best route for a turnaround, two officials close to the situation told CNN.
Commercial Real Estate the Economy’s Anvil
Commercial real estate may soon bulldoze the green shoots. A coming wave of defaults on loans to developers of condominiums, office buildings and malls could do significant damage to the already deflating economy.
Obama creates position to guard online security
President Obama announced Friday he is creating the post of cyber security coordinator to oversee "a new comprehensive approach to securing America’s digital infrastructure." The president said he will personally select the person who takes on that post.
Dam bursts after more rain in northern Brazil
A dam burst in the northeastern village of Cocal left a 12-year-old girl dead and three people missing, fire department officials said Thursday, according to Brazil’s state news agency. The break occurred late Wednesday afternoon and was blamed on heavy rains in the state of Ceara, the state-run Agencia Brasil reported. Concern over the dam’s integrity led officials to order residents to evacuate Cocal for 15 days
N. Korea: No longer bound by 1953 truce
North Korea threatened military action Wednesday after South Korea joined a U.S.-led effort to limit the trafficking of weapons of mass destruction, the official Korean Central News Agency said.