Sen. Mitch McConnell announced the bill hours before the Senate was set to debate the STOCK Act.

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Bill to ban Congressional insider trading targets president, White House staff

Romney on Blind Trusts: “Age Old Ruse”

On January 27, 2012, in Uncategorized, by DusenberyGarratt

In last night’s debate it was brought up that Romney had stock in Fanny Mae and Freddie Mac among other controversial investments. He told the audience that his stock was not picked by him and it was taken care of through a blind trust. Hands clean? Well, not quite. Here is

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Romney on Blind Trusts: “Age Old Ruse”

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Reuters – General Motors Co regained its title as the world’s top-selling automaker in 2011, less than three years after its 2009 taxpayer-funded bankruptcy under the Obama administration.

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GM regains crown as world’s top-selling automaker
(Reuters)

You might believe the following photos were award worthy — the Swedish Environmental Protection Agency did. The agency awarded nature photographer Terje Helleso the honor of Nature Photographer of the Year in 2010 for his images of endangered animals. You may be impressed too, but know this: he used stock photos and photoshop and lied. Animal conservationist Gunnar Gloerson was not so impressed. You see, Helleso didn’t pay too much attention to the details. UPI has more: “Doesn’t this lynx in the July greenery have a winter fur (see above photo)? How about the lynx that’s reflected in the pool, is it walking in the air or on land, and can you really see the paws in that angle?” Gloerson wrote in a blog Aug. 26. Gloerson questioned claims by Helleso that the photographer has seen 150 lynx in nine months, when Gloersen had only seen 15 in 52 years of wildlife study. On Saturday, Helleso admitted to the photo manipulations. PetaPixel reveals the stock photos that were used to create Helleso’s photos. Pictured below are the stock photo and Helleso’s doctored image. PetaPixel also points out that Helleso said this while accepting his award last year: We nature photographers should never forget the responsibility we have with our images, from both a documentary and artistic perspective. The Swedish EPA is still reviewing whether or not Helleso will be able to keep his title. Why is that even still on the table? [H/T Gizmodo ]

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Award-Winning Animal Photos Found to Be Fraudulent

NEW YORK (AP) — Fitch Ratings says it will keep its rating on U.S. debt at the highest grade, AAA. It also says its outlook on the U.S. ratings is stable. Fellow ratings agency Standard & Poor’s, set off a tempest in the stock market last week after it downgraded part of the U.S. debt rating from the highest grade to the second-highest grade. Fitch cited the United States’ “flexible, diversified and wealthy economy,” as well as its flexibility in monetary and exchange rates that allows it to adjust to marketplace shocks. The other main ratings agency, Moody’s, still rates the U.S. debt at its highest grade but says its outlook is negative.

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Fitch Ratings: We Won’t Downgrade U.S.

Head, meet sand. (WaTi) — One day after the stock market took its biggest plunge since the 2008 financial crisis, President Obama on Tuesday canceled a previously scheduled speech at a local moving company, and the White House also pulled the plug on the daily press briefing. Instead of traveling to Springfield, Va.-based Interstate Moving Services and making public remarks on fuel efficiency standards for work trucks, Mr. Obama will meet privately with industry officials at the White House this morning — and that meeting will be closed to the press, the White House announced in a scheduling update Tuesday morning. In addition, a 12:30 briefing with press secretary Jay Carney has been canceled, the update said. On Monday, the stock market suffered its worst blow since before the president took office, with the Dow Jones Industrial Average plummeting more than 630 points — losing more than 5 percent of its value and plunging below the 11,000 line. The turmoil came after ratings agency Standard & Poor’s late on Friday cut the country’s credit rating from AAA to AA-plus for the first time in U.S. history.

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Day After Dow Plunges Over 600 Points, White House Seeks To Calm Nerves By Canceling Obama Speech, Scrapping Carney’s Daily Press Briefing…

ContributorNetwork – COMMENTARY | The downgrading of American public debt from AAA to AA+ by Standards & Poor’s has sparked a worldwide financial crisis that is melting financial markets, including the New York Stock Exchange.

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Financial Crisis Rocks World Markets, Threatens Obama Presidency
(ContributorNetwork)

Bloomberg Leads Political Chorus

On February 11, 2011, in Uncategorized, by If Bush Did It

On the day the iconic operator of the New York Stock Exchange disclosed a potential acquisition by Deutsche Börse, politicians were largely silent. On Thursday, they began to speak out.

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Bloomberg Leads Political Chorus

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AP – Stocks are headed higher as investors weigh President Barack Obama’s State of the Union address and another round of corporate earnings.

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Investors focus on State of the Union, earnings
(AP)

Reuters – Stock index futures edged higher on Wednesday, hours after U.S. President Barack Obama called for a lower corporate tax rate to boost the economy, but a drop in Boeing’s profit limited gains.

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Futures gain on Obama tax comments, Boeing weighs
(Reuters)