NEW YORK TIMES Editorial: The Detroit bankruptcy case has been cast as a contest between bondholders and pensioners that can be resolved only by shared sacrifice.
Tag: featured
Vacation at the bug-less shore
Over a half century ago, a summer at the shore required constant swatting of mosquitoes and vigilance for the large and noisy flies that acted like leaches. Not only did we lather our bodies to protect against the sun rays, but we sprayed ourselves with repellant.
Heads roll in Harrisburg; one remains
There’s still one guy left to fire in Pennsylvania governor’s office
Hundreds dead in Egypt after security forces launch assault on protesters’ camp
With at least 421 people killed, it was the deadliest day in Egypt since the 2011 uprising that toppled autocrat Hosni Mubarak, and the fallout dealt a further blow to the prospect that the country might resume its path toward democracy. At least 37 died in clashes in the conservative oasis town of Fayoum; the tolls from other cities were not immediately available.
Both Jacksons get prison terms; he’ll serve first
…Former U.S. Rep. Jesse Jackson Jr., the civil rights leader’s son who once dreamed of becoming mayor or senator, and his wife, former 7th Ward Ald. Sandi Jackson, were tripped up by a taste for luxury that was bankrolled with $750,000 from campaign funds.
World reaction to events in Egypt
US Secretary of State John Kerry said the escalating violence had dealt a “serious blow” to political reconciliation efforts between the military-backed interim government and Morsi’s supporters.
Below-target inflation poses QE tapering risks for Fed
…Fed officials have always banked on soft inflation as a temporary phenomenon that will gradually revert towards normal levels. But the longer it continues, the more concerned they might become about the dangers of disinflation – a slowdown in price rises – or even a slide towards deflation.
Corbett, Krancer Fail To Disclose Vacation Homes
e governor and his wife, First Lady Susan Corbett spent $265,000 last year on a condo at a beachfront resort community in Hilton Head Island, South Carolina…
Smarter Sentencing
NEW YORK TIMES Editorial: You know a transformational moment has arrived when the attorney general of the United States makes a highly anticipated speech on a politically combustible topic and there is virtually no opposition to be heard.
Unease at Clinton Foundation Over Finances and Ambitions
“We’re trying to institutionalize the foundation so that it will be here long after the lives of any of us,” Mr. Lindsey said. “That’s our challenge and that is what we are trying to address.”
Germany Fights Population Drop
In its most recent census, Germany discovered it had lost 1.5 million inhabitants. By 2060, experts say, the country could shrink by an additional 19 percent, to about 66 million…
Edward Snowden: A positive outcome
When word first broke about Edward Snowden’s illegal revelations of what many perceive as excessive national security infringements on privacy rights, NewsLanc quipped that they “Should give Snowden a medal and then shoot him.”
Google: Don’t Expect Privacy
According to a motion filed in July by Google in hopes of having a class action complaint dismissed, lawyers representing the Internet company said anyone who turns over any information to a third party has no right to expect that information to stay private.
J.C. Penney faces long recovery after tumult
Penney’s alienated longtime customers by cutting its tradition of regular sales and trying to lure Millennial-generation customers during the tenure of former CEO Ron Johnson, said Andrew Reid, founder of Vision Critical, a firm that helps connect major brand firms such as Banana Republic with their shoppers.