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...should make sure he plays a clean game. There are dirty tricks in boxing, but there are a lot more in politics. If he does his homework, I think he can be a very effective politician." - Bayan Muna, Philippines Rep. Teodoro Casino on Pacquiao's 2010 run for Congress (cbnNews.com...
Federal Reserve Chairman Ben Bernanke told Congress on Tuesday morning that the economy is likely to pull out of the recession and start growing later this year. This in itself isn't news - Bernanke has been saying the same thing for months. What's news is that people are starting to believe...
...months, is here to stay. They say stocks will rise another 10%, before the market stalls. That would leave the Dow Jones Industrial Average at around 9,200, or about where it was in early October, just after the initial $700 billion bank rescue plan was passed by Congress, though still well off the market high of 14,000 set two summers...
...disagree with her. "The Republican Party has gone far to the right since I joined it under Reagan's big tent," new Democrat Arlen Specter lamented on Sunday on NBC's Meet the Press. Also on Sunday, Maine Senator Olympia Snowe, one of two remaining Northeastern GOP moderates in Congress, wrote in a New York Times op-ed that Specter's loss, eight years after the defection of Vermont Senator Jim Jeffords, shows how little the party has heeded the warning signs. "There is no plausible scenario under which Republicans can grow into a majority while shrinking our ideological confines...
...most likely scenario for the coming days - in addition to street protests led by Maoists and their sympathizers - is for the next largest party to form a government. "Nepal cannot afford another election," says Nayak, "The government has not even completed one year. The President may ask the Nepali Congress [the second biggest party] to form a government, or may ask Prachanda to revoke his decision." A coup is almost ruled out: Nepal's army has no history of seeking political power, furthermore it knows it has the support of the President and the other political parties. "All other parties...