Word: bans
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...House is tired of complaints that its economic team - especially Treasury Secretary Timothy Geithner, the former New York Fed president who helped bail out AIG and other failing firms - is too close to Wall Street. Bringing the legendary gray eminence in from the cold - Obama called his plan to ban proprietary trading by commercial banks "the Volcker rule" - not only lent capitalist gravitas to populist bank-bashing but also reinforced the message that the Administration will not be outflanked in its assaults on Big Finance. That hasn't always been the case...
...policy, the President recommitted himself to health care reform, though he did not lay out a strategy for passage. He gave glancing mentions to both repealing the ban on gays in the military and confronting immigration reform but offered no clear hope for resolving those issues. He was fiercely critical of the Supreme Court's recent ruling to allow corporate and union contributions to political campaigns, earning himself a disapproving head shake from Justice Samuel Alito, who sat in his robe in the second row. Obama also spoke at length about the deficit, saying he would freeze government spending...
...celebratory smoke-outs have followed - not yet, at least. Instead, poll workers spent that election night obscuring the results of the vote, in deference to a last-minute congressional amendment pulling funds from D.C. for the processing of any drug-legalization initiative. (Ballots had been printed prior to the ban, but the D.C. Board of Elections and Ethics decided that to follow the intent of the law it had to withhold the results after the votes had been cast.) "I know of no case where a federal entity has told another entity they cannot even announce the results," says WTOP...
Twelve years later, the political landscape appears to be profoundly changed. The sponsor of the 1998 congressional ban, Bob Barr, has gone from a drug hawk to a libertarian, legalize-it presidential candidate - even lobbying against the law he once wrote. Fourteen states have legalized medical marijuana in the 14 years since California became the first to do so; several more are working on legislation...
...blasts occurred amid rancorous and sectarian political debate in Iraq. The predominantly Shi'ite government of Prime Minister Nouri al-Maliki had somehow managed to ban many important Sunni politicians from running in parliamentary elections scheduled for March 7. This comes just as the large Sunni minority - the base for much of the radical resistance to the government - had decided it wanted to participate in the vote, having been shut out of political power by boycotting the last major election. Now, nearly two score people were dead and U.S. Apache helicopters were patrolling the air in the aftermath of another...