Archives for News

Gingrich struggles to raise campaign cash

Former Speaker of the House Newt Gingrich, once the bombastic face of the Republican Party, is no longer the golden boy of the GOP. Documents filed with the Federal Election Commission show Gingrich’s political action committee raised a paltry $34,000 for March and only $53,000 for the year — an indicator that the Georgia Republican will have problems getting the cash he needs to mount a serious Presidential campaign for 2012. Sources tell Capitol Hill Blue that Gingrich’s PAC curtailed its fund-raising activities in mid-March, another indicator that he may be reconsidering a Presidential run. Gingrich, the acknowledged leader of
Read More

Yahoo beats the Street with higher earnings report

Yahoo Inc said an important partnership with Microsoft Corp is taking longer than expected to pay off, but the company posted quarterly earnings that topped Wall Street targets, sending shares up in after-hours trading. The mixed progress report comes as expectations for the Web portal remain low two years into Chief Executive Carol Bartz’ effort to revive growth at the company. “Clearly there is some improvement in the business here, both from a topline perspective and a margin perspective,” said Pacific Crest Securities analyst Steve Weinstein. “The growth in their display business, when you peel everything back, continues to look
Read More

Former mortgage exec convicted for fraud

The former head of a large private mortgage lender was convicted Tuesday in a $2.9-billion fraud scheme that contributed to the failure of his company and of one of the top 25 US banks in 2009, officials said. Lee Bentley Farkas, the former chairman of a private mortgage lending company, Taylor, Bean & Whitaker (TBW), was convicted in a Virginia federal court of conspiracy to commit bank, wire and securities fraud and related charges, the Justice Department said. According to prosecutors, Farkas and his co-conspirators engaged in a scheme that misappropriated more than $1.4 billion from Colonial Bank and $1.5
Read More

Mary Robbins dies just 12 days after husband

Actor-director Tim Robbins’ mother, musician Mary Robbins, has died. She was 78. Robbins’ father, Gil Robbins, died earlier this month. Robbins says his mother died Sunday of a heart arrhythmia, just 12 days after her husband of nearly 59 years passed away. She died at the couple’s home in Esteban Cantu, Mexico. Mary Robbins studied music at the University of California, Los Angeles, and performed professionally in the 1950s. She successfully battled colon cancer through nutrition and alternative medicine, eventually earning a bachelor’s degree in holistic nutrition. She volunteered her services at a clinic near the couple’s Mexico home. Robbins
Read More

Apple set to launch new iPhone in September

Apple’s next-generation iPhone will have a faster processor and will begin shipping in September, three people with direct knowledge of the company’s supply chain said. The production of the new iPhone will start in July/August and the smartphone will look largely similar to the iPhone 4, one of the people said on Wednesday. The iPhone — introduced in 2007 with the touchscreen, on-demand application template now adopted by its rivals — remains the gold standard in the booming smartphone market. Reports on the timeline of the new iPhone launch vary, though it is largely expected that Apple will likely refresh
Read More

Uh oh: Palin supports The Donald

Sarah Palin is saying nice things about Donald Trump. Should The Donald be worried? Palin jumped into Trump-mania with her usual foot-in-mouth style, slamming the press for what she called “unfair” coverage and claiming — with a straight face — that Trump has what it takes to be President. The former Alaska governor, who quit before completing her term, praised the New York real estate developer and reality TV show promoter for raising the birther issue but said that contentious position is not Trump’s only issue. Trump, she claimed, has good positions on other, more substantial issues but said the
Read More

Symbol of GOP desperation: Donald Trump

A true indicator of just how desperate Republicans have become can be found in their fascination with Donald Trump.   Most political logic points to dismissal of Trump’s flirting with a run for the GOP Presidential nomination but logic took an extended leave of absence from American politics long ago and show no interest in returning. So the party that once embraced Sarah Palin as its future is now taking a hard look at the flamboyant Trump, who appeals to the GOP’s deep-seeded racism with his unabashed embrace of the “birther” movement and his claims that he and only he
Read More

DoD report clears McChrystal, slams Rolling Stone

A Department of Defense investigation casts doubt on many of the claims made against Gen. Stanley McChrystal in a controversial Rolling Stone article that cost the general his job as commander of U.S. forces in Afghanistan.   An investigator general’s report released Monday says the investigation found “no evidence of wrongdoing” by McChrystal in his job. The general, now retired, just took a new job job as leader of the White House “initiative to support military families.” The report found significant inaccuracies in the June 2010 article, The Runaway General, written by Michael Hastings. “Not all of the events at
Read More

Arizona governor slaps down ‘birther’ law

In a rare moment of sanity in a state not known for logic, Arizona Gov. Jan Brewer Monday vetoed a controversial bill that would require Presidential candidates to prove their U.S. citizenship before they could appear on ballots in that state.   The bill, a knee-jerk political homage to the so-called “birther” movement popular with the rabid right and aimed directly at President Barack Obama, come from the state that spawned the illegal immigration law that allows profiling and widespread discrimination against those of Hispanic descent. Brewer said she vetoed the bill because it gives the state’s secretary of state
Read More

GOP takes nation on a sharp turn to the right: Are they going too far?

The rabid right-wing of the Republican Party, swept into office in Congress and taking over statehouses in many states because of widespread voter dissatisfaction with the status quo, is wasting no time putting their conservative agenda into play. A rapid push to restrict abortions while expanding gun rights is sweeping the nation, put into place by GOP governors and state legislators who see their election as mandates to do whatever they damn well please. Democrats find themselves out manned and out maneuvered from one end of the country to another as Republicans push through polling station photo ID laws, clamp
Read More