Immigrant Son

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

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…

Advertisements

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 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, , , , , , , , , , , , , , , , , , , , ,

New York Times Cuts 100 Workers as Costs Rise, Washington Post to Follow

WIRE: Two of the most respected U.S. newspaper publishers, The Washington Post Co and The New York Times Co, are embarking on new cost cuts in the face of dramatic declines in advertising revenue.

The Times said it laid off 100 workers and is cutting non-union salaries. It is also asking unionized employees to accept similar concessions to avoid layoffs in the newsroom…

Lawmakers Push for Newspaper Bailout…

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

Murdered ABC Journalist Turns Out to Be Pedophile, Found Teenage Boys on Craigslist

PAPER: The officials said that Mr. Weber, 47, and the teenager apparently met through the Craigslist Web site. One of the officials, who declined to be identified because he was not authorized to speak about the case, said that Mr. Weber had posted advertisements on Craigslist and messages on his Facebook page saying that he was interested in meeting young Hispanic men…

Filed under: Crime, , , , , , , , , , , , , , , , , , , , , ,

Senator Petitions for Newspaper Tax-Breaks, Operating as ‘Low-Profit’

SEN. CARDIN: This may not be the optimal choice for some major newspapers or corporate media chains but it should be an option for many newspapers that are struggling to stay afloat…

NET: Senator Benjamin Cardin (D-Maryland) Wants Newspapers to Operate as ‘Low’-Profits…Tax Breaks…

NEWS: Frank Nicastro, who represents Connecticut’s 79th assembly district, is asking the state government to do something to salvage The Bristol Press, a paper that may fold within days, along with The Herald. The papers’ publisher, Journal Register, is in danger of being crushed under millions of dollars in debt, and can’t afford to keep them open…

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

The Audacity of Hope Shines as Obama Plans to Persuade Democrats to Support Budget

PAPER: President Obama will go to Capitol Hill this week to try to persuade skeptical Senate Democrats to support the administration’s first budget request after an analysis showed that the spending plan would drive the nation deeply into debt over the next decade.


Obama will address Senate Democrats on Wednesday, when budget committees are scheduled to meet in the House and Senate to consider the $3.6 trillion spending plan for the fiscal year that begins in October…

Source: Wired.com

Source: Wired.com

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

Attorney General Holder to Support FAILING Newspapers, Follows Pelosi

“U.S. Attorney General Eric Holder said on Wednesday preserving a healthy newspaper industry was important and he was open to adjusting antitrust policy if it could help…

“I’d like to think 20, 30, 40 years from now people will still be reading the newspaper,” Holder told reporters…”

Source: blog.pentagram.com

Source: blog.pentagram.com

Pelosi Seeks Subsidies for Failing Newspapers…

Let Free Markets Work…?

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

Pelosi Seeks Subsidies for FAILING Newspapers

“We must ensure that our policies enable our news organizations to survive and to engage in the news gathering and analysis that the American people expect,” Pelosi wrote.

“Pelosi’s spokesman, Brendan Daly, said the speaker was moved by the recent announcement by the Hearst Corp., the parent company of The Chronicle, that it would be forced to sell or close the paper if it could not achieve major cost-savings quickly. Hearst has said the paper lost $50 million last year and that this year’s losses will likely be worse.”

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

Archives

Calendar

December 2017
M T W T F S S
« Oct    
 123
45678910
11121314151617
18192021222324
25262728293031

Feed