CONGRESS

Wind Turbine Maker Vestas To Cut 1,400 More Workers

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Vestas Wind Systems A/S, the western Denmark-based energy company and the world's largest maker of wind turbines, announced Wednesday that it is letting go of 1,400 workers - a 7 percent cut of its entire workforce.
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stock market

US Stocks About To Fall Off A Cliff - Analysts

There's an almost-daft energy over Wall Street at the moment as stocks keep to four-year highs, a trend that hasn't kept analysts from warning that the party is about to be over.
Assam Violence

Clashes Expose Communal Divide as Elections Loom

The grisly scenes unfolding in the far-flung northeast may fan communal politics in a country where simmering tensions between Hindus and Muslims have often been exploited for electoral gain.
1907 Puck magazine cover image uses a Humpty Dumpty reference to illustrate the state of financial capitalism. A wall of "Rotten Finance" formed by figures like John D. Rockefeller, J. Pierpont Morgan and Edward H. Harriman has failed to prop up

Portrayals Of Wall Street As Greedy, Selfish And Rotten - 100 Years Ago (Photos)

It may be surprising to many who believe that Wall Street and global finance are inherently malevolent that a century ago, the public had a very similar perception of financial services, a notion that was channeled by editorial cartoonists in hard-hitting illustrations in magazines like Puck and newspapers like the New York Herald. These cartoons would be as fitting today as they were in 1912.
An image showing the headquarters of Fannie Mae and Freddie Mac

US Treasury Bets On Housing Recovery With Fannie, Freddie Tax Repayments

The U.S. Treasury is accelerating taxpayer repayments by Fannie Mae and Freddie Mac, the mortgage finance companies that own or guarantee around 60 percent of the country's housing market, but the strategy will only work if the housing market continues to improve.
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It's Not What It Looks Like: Why Assam Clashes Have Nothing To Do With Religion

India is under a mass panic over the ongoing ethnic violence in its northeastern state of Assam, triggered when four men from the Bodo community were killed in Kokrajhar district July 20 allegedly by the Muslims who were seeking revenge for the attack on two student leaders from the community.
Mitt Romney Ad

Political Ad Spending for Presidential Election To Reach $2.9B

Spending on advertising by Republican and Democratic presidential campaigns and Pro-Romney or Pro-Obama Super PACs is expected to reach $2.9 billion, even as national TV ad spending shrinks in the face of the looming "fiscal cliff."
Limbaugh

Limbaugh Boycott Draws Blood: Cumulus Media Cites ‘Drag’ in 2Q Revenue

Liberal groups that have been boycotting radio broadcaster Rush Limbaugh for months have apparently drawn blood: aside from winning withdrawals of more than 100 advertisers, second-quarter revenue from 10 stations owned by Cumulus Media (Nasdaq: CMLS) declined due to the boycott, CEO Jim Dickey said.
Rob Zerban: Is He Obama's Key To Defeating Paul Ryan and Mitt Romney In November?

Rob Zerban: Is He Obama's Key To Defeating Paul Ryan and Mitt Romney In November?

The "announcement" of Paul Ryan as Mitt Romney's official running mate in the 2012 presidential elections has officially shaken up race leading up to November. Suddenly, the conversation has shifted from tax returns and jobs to healthcare and the future of Medicaid. There is one man that could provide some perspective on Ryan, his proposals, and his history, and that man happens to be Ryan's congressional opponent in Wisconsin, democrat Rob Zerban.
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California Congressman Suddenly Resigns

Rep. Dennis Cardoza, D-Calif., said Tuesday he would resign immediately, a move he told a local newspaper was due to family concerns.
US Immigration Policy

Undocumented Immigrants In US Eagerly Await Reprieve

U.S. Citizenship and Immigration Services will begin accepting applications Wednesday for a new Obama administration initiative, first announced in June, that allows many undocumented immigrants who came to the United States as children to temporarily avoid deportation and obtain legal work permits.

Paul Ryan: The Perfect Foil To Barack Obama

Mitt Romney couldn’t have made a better selection for his vice presidential nominee than Paul Ryan, or a better foil to highlight President Barack Obama’s shortcomings.

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