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Entries Tagged as 'Business '

A Job Saved: Obama Economic Adviser Back at Berkeley

by Scott Ott · 12 Comments

(2010-06-08) — Christina Romer, head of President Obama’s Council of Economic Advisers, has spent months helping the president to recover the nation from the Bush economic crisis, but today she announced that she’s making the transition from being “an agent of recovery, to a beneficiary of the president’s popular policies.”
Ms. Romer said that in [...]

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Tags: Business  · U.S. News

Obama Calls on Former SEIU Boss to Organize Qaeda

by Scott Ott · 16 Comments

(2010-08-02) — Andy Stern, the former chief of the Service Employees International Union (SEIU), is said to be “giving serious consideration” to an offer from President Barack Obama to appoint him “special ambassador to al Qaeda” with a mission to foster establishment of collective bargaining units among decentralized clusters of contract workers.
The organization’s associates, scattered [...]

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Tags: Business  · Global News

$750 Billion Global Ad Campaign to Sell U.S. Bonds

by Scott Ott · 7 Comments

(2010-06-07) — Faced with concerns that mounting U.S. debt will depress sales of U.S. Treasury bills, the Obama administration announced today it will launch a $750 billion global ad campaign to encourage skittish investors to take another look at U.S. bonds.
The campaign will feature American entertainment icon Willie Nelson singing the praises of investing [...]

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Tags: Business  · Global News

Sebelius Calls Health Act Constitutional in Many Countries

by Scott Ott · 14 Comments

(2010-05-25) — The Obama administration, in a brief filed in federal court Monday, said the Commonwealth of Virginia’s claim that the president’s health reform plan is “unconstitutional” demonstrates a “woefully narrow and provincial grasp of constitutionality.”
Health and Human Services Secretary Kathleen Sebelius told the court, “Despite Virginia’s outlandish claims, the constitutionality of this measure was [...]

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Tags: Business  · Law · U.S. News

United-Continental Merger Creates Airline ‘Too Big to Fly’

by Scott Ott · 9 Comments

(2010-05-03) — Federal authorities Monday announced that the merger between United and Continental had inadvertently created an air passenger carrier “too big to fly”, suddenly grounding all jets in both fleets.
The weight of the $3 billion all-stock transaction — which was intended to spark economies-of-scale allowing the new entity to undercut discount airlines — [...]

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Tags: Business  · U.S. News

Retiring SEIU Boss Stern Wants More Time with The Family

by Scott Ott · 35 Comments

(2010-04-13) — As word leaked through The New York Times of the impending announcement of the retirement of Andy Stern as chairman of SEIU (Service Employees International Union), an associate of Mr. Stern, in an encrypted email from an undisclosed location, said the powerful union boss was stepping down “to spend more time with The [...]

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Tags: Business  · U.S. News

Pelosi Finds Cure for Ailing P.O. in Individual Mandate

by Scott Ott · 12 Comments

(2010-04-12) — Just hours after the General Accounting Office (GAO) said the federal government’s mail delivery system is “not viable“, House Speaker Nancy Pelosi announced that Democrats would introduce legislation containing an “individual mandate” aimed at reversing the $238 billion in Postal Service losses that the GAO projects over the next 10 years.
“The problem with [...]

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Tags: Business  · Medicine · U.S. News