Immigrant Son

IMMIGRANT SON – Breaking News, Provocative Stories, Global Economic Analysis

NORTH KOREA LAUNCHES ROCKET

NORTH KOREA FIRES ROCKET

PASSED OVER THE JAPAN…

BOOSTER MECHANISM FALLS INTO SEA OF JAPAN…

Advertisements

Filed under: Politics, World, , , , , , , , , , , , , , ,

FINANCIAL TIMES CHIEF DECLARES ‘NEW WORLD ORDER’ AS POWER SHIFTS TO CHINA AT G20 MEETING

DURING TONIGHT’S LIVE BROADCAST OF CNBC WORLD’S ‘SQUAWK BOX EUROPE,’ FINANCIAL TIMES EDITOR LIONEL BARBER DECLARED THAT WE ARE NOW LIVING IN A ‘NEW WORLD ORDER’ WHERE THE ‘GROUP OF 20’ (G20) COUNTRIES WILL BE MAINLY FOCUSED ON WHAT CHINA WILL DO, INSTEAD OF THE UNITED STATES, IN SOLVING THIS FINANCIAL CRISIS. HE OFFERED THE IDEA THAT THE G20 OUGHT TO BE REFERRED TO AS THE G2 WITH THE U.S. AND CHINA BEING THE TWO HEGEMONIC POWERS…

FT Editor Lionel Barber interviews China’s Premier Hu Jintao

TEN-THOUSANDS PROTEST IN START OF ‘SUMMER OF RAGE…”

OBAMA MEETS BROWN FOR TALKS (VIDEO)…

OBAMA PREACHES GLOBAL ‘UNITY’ IN INTERVIEW WITH FT…

Filed under: Economics, Politics, World, , , , , , , , , , , , , , , , , , , , , , , ,

HUNDREDS OF PROTESTERS THROWN OUT OF IOWA PUBLIC HEARING (Audio)

“This is the most atrocious thing I’ve seen in the history of the 15 years I’ve been a lobbyist. Pat Murphy has acted like a jack-booted Nazi,” said Ed Failor Jr., president of Iowans for Tax Relief, a conservative taxpayers’ rights group from Muscatine with 50,000 members…

AUDIO…

Filed under: Politics, , , , , , , , , , , , , , ,

REPORT: BONUSES TO CONGRESSIONAL AIDES JUMPED 17% IN 2008

PAPER: While Congress has been flaying companies for giving out bonuses while on the government dole, lawmakers have a longstanding tradition of rewarding their own employees with extra cash — also courtesy of taxpayers.

Capitol Hill bonuses in 2008 were among the highest in years, according to LegiStorm, an organization that tracks payroll data. The average House aide earned 17% more in the fourth quarter of the year, when the bonuses were paid, than in previous quarters, according to the data. That was the highest jump in the eight years LegiStorm has compiled payroll information…

Filed under: Politics, , , , , , , , , , , , , , , , , , , ,

Obama’s Health Secretary Pays $7,040 in Back Taxes After 3 Years

WIRE: Health and Human Services nominee Kathleen Sebelius has corrected three years worth of tax returns after finding “unintentional errors.”

Sebelius alerted senators to the changes in a letter dated Tuesday that was obtained by The Associated Press. She says the changes involved charitable contributions, the sale of a home and business expenses….

Cites “unintentional errors…”

Filed under: Obama, , , , , , , , , , , , , , , , , , , , , , , ,

Chris Matthews Says Palin Was McCain’s ‘Mail-Order Bride’

Filed under: Humor/Irony, Media, Politics, , , , , , , , , , , , , , , , , , , , , ,

BREAKING NEWS: HEDGE FUND MUST GIVE UP CONTROL OF CHRYSLER

HEDGE FUND DOWN

PAPER: Cerberus Capital Management will lose its equity stake in Chrysler LLC’s struggling automotive company as a condition of the Treasury Department’s bailout deal with the U.S. auto maker, according to several people familiar with the matter.

The New York private-equity firm purchased an 80% stake in Chrysler in 2007, promising to bolster the auto maker’s performance by operating as an independent company. The plan, however, collapsed due to an unprecedented slowdown in the U.S. auto industry and a lack of capital at the auto maker to weather the storm…

OBAMA: LET THEM GO BANKRUPT…

Filed under: Politics, , , , , , , , , , , , , , , , , , , , , , ,

GENERAL MOTORS CEO QUITS ON DEMANDS FROM OBAMA

YOU’RE FIRED

WIRE: The Obama administration asked Rick Wagoner, the chairman and CEO of General Motors, to step down and he agreed, a White House official said.

Wagoner’s departure is one of the remarkable strings attached to a new aid package the administration plans to offer GM…

Filed under: Obama, , , , , , , , , , , , , , , , , ,

OBAMA: DETROIT NO LONGER ‘VIABLE’

SURVIVAL OF THE FITTEST

WIRE: In surprising findings to be outlined at the White House on Monday, President Obama has concluded that neither GM nor Chrysler can survive as they now exist. But the White House is sparing them for a month or two, and is promising American consumers that the government will stand behind warranties if the automakers fail…

Tells GM CEO To Head Home…

Filed under: Obama, , , , , , , , , , , , , , , , , , ,

Obama in Monday’s FT Interview: World Needs to Promote ‘Unity’

PAPER: In comments that appear to diverge from recent remarks by Ms Merkel, who has all but ruled out more deficit spending in Germany, Mr Obama said: “With respect to the stimulus, there is going to be an accord that G20 countries will do what is necessary to promote trade and growth.”

He added: “The most important task for all of us is to deliver a strong message of unity in the face of crisis…”

Filed under: Media, Obama, , , , , , , , , , , , , , , , , , , , ,

U.S. Admiral: North Korean Missile Could Reach Hawaii

WIRE: America’s top military officer said on Friday that a rocket North Korea plans to launch next month has a range that could possibly reach Hawaii. Asked if the North Korean rocket could reach the US states of Hawaii or Alaska, Admiral Mike Mullen told CNN: “In some cases, yes, they could probably get down to Hawaii…”


Filed under: Politics, World, , , , , , , , , , , , , , , , ,

Financial Crisis ‘Caused by White People With Blue Eyes’

PAPER: In Brazil, Gordon Brown continued his pre-summit tour but there was embarrassment when his host, President Luiz Inacio Lula Da Silva, said the financial crisis was caused by “white people with blue eyes”. He told a joint press conference with Mr Brown that he had never met a black banker…

Filed under: Politics, World, , , , , , , , , , , , , , , , , , , , , , , , ,

Japan to Activate Missile Defense if North Korea Fires, Orders ‘Destruction Order’

Japan’s Self Defense Forces plan to deploy Aegis destroyers off Japan and move PAC-3 missile units now stationed in 6 locations to northern Japan, over which a missile would likely pass…

Filed under: Politics, , , , , , , , , , , , , , , , , , ,

OBAMA TO SEND ANOTHER 4,200 TROOPS TO AFGHANISTAN

4,200

POLITICO WIRE: ANOTHER 4,200 “TRAINERS” AND CIVILIANS TO BE SENT…

PAPER: The Obama administration will unveil a new Afghanistan strategy Friday that calls for devoting significant new resources to counter-narcotics efforts in Afghanistan and economic development in Pakistan, according to senior U.S. officials. The White House plan will mark an escalation of the war in Afghanistan, which is quickly displacing Iraq as the administration’s chief national-security focus…

FLASHBACK: Obama’s 17,000 Troop Surge for Afghanistan…

Filed under: Obama, World, , , , , , , , , , , , , , , , , ,

Poll of Change: Obama’s Approval Slips Below 50%

POLL: Under our long-standing measure of job performance (excellent, good, fair, poor), Obama’s positive ratings have dipped just below 50%. Likely voters choosing excellent or good fell three points from another Zogby Interactive poll concluded on March 5, going from 52% to 49% excellent or good; while 11% said fair and 38% poor…

Filed under: Obama, , , , , , , , , , , , , , , , , , ,

Obama Admin. Set to Propose Largest Expansion of Government Tomorrow

REGULATE

PAPER: The Obama administration’s plan, described by several sources, would extend federal regulation for the first time to all trading in financial derivatives and to companies including large hedge funds and major insurers such as American International Group. The administration also will seek to impose uniform standards on all large financial firms, including banks, an unprecedented step that would place significant limits on the scope and risk of their activities…

Filed under: Economics, Politics, , , , , , , , , , , , , , , , , , , , ,

U.S. Criticized Over Immigrant Rights by Amnesty International

Amnesty International has said tens of thousands of people are being held in US immigration jails without receiving a hearing to determine whether their detentions are warranted.

About 30,000 immigrants are held on an average day, the rights group said in a report released on Wednesday, triple the number in custody a decade ago…

Filed under: Politics, World, , , , , , , , , , , , , , , , , , ,

House Democrats Slash $100 Billion from Obama’s $3.45 TRILLION Budget

PAPER: House budget leaders today unveiled a $3.45 trillion budget blueprint for fiscal 2010 that slices more than $100 billion from the spending plan President Obama proposed last month…

Filed under: Politics, , , , , , , , , , , , , , , , , ,

NORTH KOREA LOADING ROCKET ONTO LAUNCH PAD

WIRE: North Korea is loading a Taepodong rocket on its east coast launch pad in anticipation of the launch of a communications satellite early next month, U.S. officials say. U.S. counterproliferation and intelligence officials have confirmed Japanese news reports of the expected launch between April 4 and 8…

Filed under: Politics, World, , , , , , , , , , , , , , , , ,

British Parliament Member to P.M. Brown ‘You Are the Devalued P.M. of a Devalued Gov.’ (Video)

britishparliament

Filed under: Politics, World, , , , , , , , , , , , , , , , , , ,