Word: baracks
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...will not be drawn from new debt but rather from existing dollars appropriated earlier this year in the energy bill. This is the same modernization fund the automakers were banking on to get them from SUV-land to Hybrid-world, so it's likely that come January President-elect Barack Obama will have to find or print fresh resources to help keep the ailing companies on the road. In other words, the $15 billion bridge fund Congress is expected to approve in the coming days is only the first installment of what some economists warn could cost...
...Republic shutdown and the plight of its workers has attracted statewide as well as national attention. On Sunday, President-elect Barack Obama acknowledged the workers' situation, saying, "I think these workers, if they have earned their benefits and their pay, then these companies need to follow through on those commitments." The Rev. Jesse Jackson appeared at the sit-in. Illinois' attorney general, Lisa Madigan, announced that her office planned to investigate various aspects of Republic's operations. On Monday, Illinois Governor Rod Blagojevich held a quickly organized press conference at the plant and vowed to ask a federal court...
...Note: On Tuesday, Gov. Blagojevich was taken into custody on a U.S. District Court complaint of trying to take advantage of his leverage to appoint a U.S. Senator to fill Barack Obama's seat; it also said the governor tried to coerce the Chicago Tribune into firing staffers critical of the governor, in exchange for "millions of dollars" in assistance from the state of Illinois. The Tribune Company filed for bankruptcy this week...
President-elect Barack Obama has chosen retired General Eric Shinseki, who voiced the first, lone dissent of the Bush Administration's cut-rate plan for the Iraq war, to head the Department of Veterans Affairs (VA). The move shows Obama's deep concern for the needs of wounded veterans. More poignantly, it marks a comeback for an Army officer who was spurned by his superiors, then Defense Secretary Donald Rumsfeld and his deputy, Paul Wolfowitz, for warning that the war's post-invasion phase would require many more troops than the Pentagon believed...
...President-elect Barack Obama's early priorities, few have drawn more attention than his pledge to shut down the U.S. detention camp at Guantánamo Bay. Closing Gitmo will mean release for many of the facility's 225 detainees, while the rest will face trial on terrorism charges...