Archive - Jan 4, 2008 - topic

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(AP Photo/Richard Drew)

Stocks rose moderately Thursday after a report of an increase in new jobs during December eased some concerns about the economy.

Featured Topic | Posted 1 year 4 days ago

Can the U.S. economy keep its head above water?

Hiring in the U.S. slowed more than forecast in December and unemployment jumped to a two-year high, raising the odds that the Federal Reserve will cut interest rates by half a point this month to ward off a recession. Payrolls rose by 18,000, capping the worst year for job creation since 2003, the Labor Department said today in Washington. The jobless rate increased to 5 percent from 4.7 percent in November, while the Institute for Supply Management said growth in U.S. service industries cooled last month.

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How to avoid recession? Let the fed work

Greg Mankiw/The New York Times

The question on the minds of many in Congress and in the White House is this: What they should be doing now to keep the economy on track? The right answer: absolutely nothing. This advice isn’t easy for politicians to follow. Because economic downturns mean fewer jobs and falling incomes, they are painful for many families. Voters can confuse inaction with nonchalance and send incumbents packing. But just as patients should avoid doctors who recommend radical surgery for every ailment, voters should be wary of politicians eager to treat every economic ill. Sometimes, bed rest and wait-and-see are the best we can do.

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Recession is coming

Matthew Rothschild/The Progressive

The crisis in the housing market is spilling over into other sectors of the economy. Meanwhile, consumers, who are up to their necks in debt, didn’t bail out the economy over Christmas with more spending. And gas prices remain high. Bush may lose a few percentage points in the polls. The wealthiest Americans might not make much money in the stock market. But millions of other Americans will lose their homes, their jobs, and their health insurance. Just as the benefits of a growing economy are unequally distributed, so too are the costs.

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AP Photo/David Zalubowski

Toyota Motor Sales USA Inc. said last week its December U.S. sales fell, but it still overtook Ford Motor Co. as No. 2 in U.S. sales for both the month and the full year.

Featured Topic | Posted 1 year 4 days ago

Made in the USA? Ford slips, Toyota rises

Ford Motor had been in second place in the American car market since the Great Depression. But it lost its grip last year. Toyota beat Ford in 2007 in United States auto sales, putting it behind General Motors, industry statistics showed Thursday. Ford had held the No. 2 spot since 1931, according to the company’s historian.

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Job one

Investor's Business Daily

Unionized auto workers in this country average nearly $65 an hour, Toyota workers about $45 an hour. While that might sound like a recommendation for unions, remember which automakers are losing billions of dollars, closing plants and laying off tens of thousands of workers. That's right, nonunion Toyota — which is not laying off its nearly 40,000 American workers and is, in fact, increasing its sales in this country as overall U.S. car sales decline — is not among them.

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Ford (like Hillary) can't even boast about being #2

Michelle Cottle/The New Republic

I'm sorry, but it so far past time for Detroit to start seriously focusing American ingenuity on producing the next generation of fuel-efficient vehicles. Discovering a way to slash not just this nation's but the entire world's dependence on oil would be a feat worthy of several dozen Nobel Prizes.

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Featured Topic | Posted 1 year 4 days ago

Love and marriage: Outmoded as a horse and carriage?

Four out of 10 Americans say they don't need a marriage certificate to prove love or commitment, according to a new online survey. Overall, 44 percent of the 7,113 Americans aged 20 to 69 who took part in the poll by Zogby International and AOL Personals said they didn't need marriage to validate their relationships.

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Natural law and child abuse

Ed Kaitz/The American Thinker

Studies seem to show that even children in adoptive environments seem to be OK with two parents. The report goes on to tell in painful detail however the brief life stories of little toddlers who were beaten, drowned, thrown across rooms, and buried under cement -- all victims of what Plato called "democracy's insatiable desire for what it defines as the good": freedom. In this case, it is our freedom to choose "alternative" family environments and be "affirmed" every step of the way.

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'Traditional' marriage has changed

Stephanie Coontz/Seattle Post-Intelligencer

Many departures from "traditional" marriage have been for the good. But the same changes that have made marriages fairer and potentially more rewarding for both partners have made marriage more optional, requiring partners to negotiate more than in the past. The multiplication of new options, combined with the rapidity of changes in gender roles and social values has had destabilizing and sometimes troubling results for the organization of interpersonal obligations. Trying to revert to antiquated and unfair traditions is not the answer.

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Featured Topic | Posted 1 year 4 days ago

Outflanking the electoral college?

On the same day the presidential race kicked off with the Iowa caucuses, the state Senate gave final legislative approval to adding New Jersey to an interstate compact to skirt the Electoral College by requiring the state's electors to cast their vote for president and vice president based on the national popular vote winner.
The compact might never take effect, and electors chosen this year will still back the winner in New Jersey

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Electoral College Reform: Lessons From California

Britannica Blog

An effort to change California’s method of allocating electoral college votes has collapsed. Shortly after sponsors began gathering signatures for a ballot measure (called the Presidential Election Reform Act) to adopt a district system, the major players suddenly quit. “The levels of support just weren’t there,” a fundraiser told the San Francisco Chronicle. Some Republicans have muttered about reviving the effort, but few take the talk seriously.

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A Real Popularity Contest

The American Prospect

If this presidential race is anything like the 2004 contest, candidates will spend more than 66 percent of their ad money and campaign visits in just five "battleground" states, and 99 percent in 16 states. According to organizations like FairVote and Common Cause, the reason for this gross incongruity is our much-maligned electoral process, by which a candidate needs only 270 electoral votes to become president. It is this process that led Al Gore to lose in 2000, even though he won the popular vote by some 450,000 votes. And if the last two elections were any indication, next year's race could maddeningly boil down to the electoral votes of one key state, just as it did for Gore in Florida and John Kerry in Ohio.

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AP Photo/Jim Cole

Former New York Mayor Rudy Giuliani campaigns in New Hampshire on Wednesday night. Giuliani performed poorly in Iowa's caucus on Thursday.

Featured Topic | Posted 1 year 4 days ago

Voters: Can you spare some change?

Just hours after both parties were rocked by upsets in the first-voting state of Iowa, White House hopefuls hit the ground in next-up New Hampshire Friday, hoping to ride momentum to a presidential nomination. Clinton darted to New Hampshire for an early morning rally, hoping to move past her disappointing third place finish at 29 percent behind John Edwards's 30 percent. On the Republican side, former Arkansas governor Mike Huckabee drubbed his top rival in the race Mitt Romney, 34 percent to 25 percent, casting serious doubt on the former Massachusetts governor's national viability.

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The 16-year itch

Michael Barone/The Wall Street Journal

There does seem to be something like a cycle operating, at least over the last several decades. Voters elect one kind of government, and then get disgusted with the results. New voters, taking the good things of the present for granted and ignorant of the bad things of the past, are willing to take unusual risks. That seems to be happening this year.

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The status quo lost and change won

John Nichols/The Nation

Iowa gave Americans a populist moment, a "change" moment. And that is a healthy development in our politics. The status quo will now fight back. Power does not concede anything without a fight. So Clinton's campaign on the Democratic side will turn ugly, as will Mitt Romney's campaign on the Republican side.
We can only hope – for the sake of the country, and the world beyond – that this "change" moment will continue.

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Featured Topic | Posted 1 year 4 days ago

The debates: Should Ron Paul be on stage?

Republican Rep. Ron Paul might have had a record-setting fundraising quarter, but his momentum in the primaries might not be enough to earn him a place on the debate stage in New Hampshire this weekend. Paul and his supporters are targeting the Fox News network after an Internet discussion spread during the weekend that the cable network wasn’t giving the Texas lawmaker a seat at the table for a New Hampshire forum scheduled two days before the state’s Jan. 8 primary.

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Sorry, Ron Paul: Why Fox should limit debate

Portfolio

Fox may be restricting debate to the candidates it considers legitimate, but at least it's doing so in a relatively transparent fashion, rather than using the lesser candidates as silent props to suggest, falsely, that everyone has an equal voice. And, hey, not for nothing, Fox's decision means we'll get to hear more in-depth answers from the candidates who actually stand a reasonable chance of moving into the White House a year from now. Shouldn't those of us who like to complain about the debates offering nothing but sound bites be grateful for that?

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Yep, it's an outrage

Talking Points Memo

Paul's supporters lay most of their claim to a place in the debate on his mammoth fundraising numbers. To me, the bigger issue is that Paul is consistently outpolling Fred Thompson, who is being allowed into the debate.
Paul's out because he's not a Fox News Bush-clone. Say whatever you want about the guy, Fox News shouldn't be able to silence him because they don't like his views.

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Featured Topic | Posted 1 year 5 days ago

Engaging the Middle East: What can peace with Libya tell us about other challenges?

Libyan Foreign Minister Abdel-Rahman Shalqam held talks with Secretary of State Condoleezza Rice today and later signed a U.S.-Libyan accord on science and technology partnerships.
The visit, in which Shalqam and his wife received a personal tour of the White House, an official escort on Capitol Hill and a luncheon with executives from Lockheed Martin, Boeing, Northrop Grumman, Occidental Petroleum and Raytheon, marks a dramatic reversal of decades of U.S. policy.

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Iran's dangerous nuke game

New York Post

Iran turned up the heat this week on still-sim mering concerns about its atomic aspirations. It crowed that its 1,000-megawatt Bushehr nuclear-power plant would be "online" as early as this spring, putting in place another important building block of its nuclear program.
Seemingly not swayed one iota by the NIE's conclusions, you have to wonder if Israel - the country most threatened by an Iranian nuclear (weapons) breakout - might take matters into its own hands.

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The non-proliferation lesson of the last 10 years

TAPPED

Just about any nuclear program can be negotiated away.
Iraq gave up its nuclear program (as well as its other WMD programs) years before the U.S. invasion of 2003. Libya began steps to give up its nascent program as early as 2001, and completed them in 2003. Iran suspended its program in 2003, and North Korea, after years of diplomatic ineptitude on both sides, decided to give up its program (if not necessarily all of its weapons) earlier this year.
The lesson seems to be that states considering nuclear proliferation also consider those programs to be negotiable.

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AP/M. Spencer Green

Democrat Barack Obama points to supporters at a rally in Des Moines on Wednesday.

Featured Topic | Posted 1 year 5 days ago

Iowa: The aftermath

Voters in Iowa on Thursday night delivered the first major surprises of the 2008 Presidential Election, handing caucus victories to Democrat Barack Obama and dark horse Republican presidential candidate Mike Huckabee. Mr. Obama's win was a significant personal triumph.

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The Two Earthquakes

David Brooks/The New York Times

Iowa won’t settle the race, but the rest of the primary season is going to be colored by the glow of this result. Whatever their political affiliations, Americans are going to feel good about the Obama victory, which is a story of youth, possibility and unity through diversity — the primordial themes of the American experience.

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A Whiff of Revolution From Iowa

E.J. Dionne/The Washington Post

The contrast between the two parties was stark. Mitt Romney spoke often about the future, but his core message was about the past: that he was the candidate who could reassemble Ronald Reagan's alliance of social, economic and foreign policy conservatives. Moreover, the emergence of Huckabee and the reemergence of John McCain as a powerful contender in New Hampshire forced Romney to turn early to a negative campaign aimed almost entirely at keeping his party's conservative base away from his opponents. He has appealed to yesterday's coalition in the name of old orthodoxies.

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