Archive for May 10th, 2010

Oil firms ‘set to clash in US Senate’ over rig disaster

Monday, May 10th, 2010

Firms in the Gulf of Mexico oil disaster are set to present conflicting claims at the first US Senate hearing, US media say, citing leaked testimony.

BP intends to tell the Senate that the spill was due to the failure of safety equipment owned by drilling company Transocean, the reports say.

Transocean is expected to blame the spill on the failure of a cement wall built by a firm contracted by BP.

Meanwhile BP says it will try to place a new dome over the blown-out well.

An attempt to drop a huge dome on the gushing well failed at the weekend, and BP is now working on lowering a smaller device known as a “top-hat” dome on to the well.

BBC News

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Fannie Mae seeks new aid after $11.5 billion loss

Monday, May 10th, 2010

Fannie Mae, the mortgage-finance company operating under federal conservatorship, said it will seek $8.4 billion in aid from the Treasury Department after reporting an 11th-straight quarterly loss.
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U.S. taxpayers bail out Euro without a vote in Congress.

Monday, May 10th, 2010

Federal Reserve opens credit line to Europe

WASHINGTON – The Federal Reserve late Sunday opened a program to ship U.S. dollars to Europe in a move to head off a broader financial crisis on the continent.

Other central banks, including the Bank of Canada, the Bank of England, the European Central Bank, the Swiss National Bank and the Bank of Japan also are involved in the dollar swap effort.
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Student Killed By Suspected Drunken Driver

Monday, May 10th, 2010

18-Year-Old Dies Two Weeks Before Graduation

CHANDLER, Ariz.— Students at Corona Del Sol High School in Tempe will be wearing black Monday to mourn the loss of a classmate who was killed by a suspected drunken driver last week.

Chandler police say Cody Bishop was traveling east on Ray Road Thursday evening in Chandler when he went to make a left turn into a shopping complex near Rural Road and was hit by an oncoming car.
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And I quote…

Monday, May 10th, 2010

“There’s no trick to being a humorist when you have the whole government working for you”—Will Rogers

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64% Still Rate Being A Mother As A Woman’s Most Important Role

Monday, May 10th, 2010

Happy Mother’s Day!

Sixty-four percent (64%) of Americans think that being a mother is the most important role for a woman to fill in today’s world, according to a new Rasmussen Reports national telephone survey. Eighteen percent (18%) disagree, and another 18% aren’t sure.

These figures are virtually unchanged from our survey a year ago, and have remained constant over the past few years.

Women are more likely than men to think being a mother is their most fulfilling role. There is virtually no difference of opinion on this between those with children in the home and those who don’t have children living with them.

Rasmussen Reports

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55% of Colorado Voters Favor Immigration Law Like Arizona’s

Monday, May 10th, 2010

Fifty-five percent (55%) of Colorado voters favor a law like the one just adopted in Arizona that authorizes local police to stop individuals they suspect of being illegal immigrants, according to a new Rasmussen Reports telephone survey in the state. Thirty-five percent (35%) oppose such a law.

Nationally, 59% of voters favor a law like Arizona’s, unchanged from a week earlier despite last weekend’s protest rallies. Fifty percent (50%) have an unfavorable opinion of the protestors.

But also as is found nationally, 55% of voters in Colorado are at least somewhat concerned that this intensified effort to identify and deport illegal immigrants will end up violating the rights of some U.S. citizens. Forty-three percent (43%) do not share this concern. This includes 33% who are Very Concerned and 20% who are Not At All Concerned.

Arizona Law Also Happens To Be Good Politics—Debra J. Saunders

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Obama bemoans ‘diversions’ of IPod, Xbox era

Monday, May 10th, 2010

HAMPTON, Virginia — US President Barack Obama lamented Sunday that in the iPad and Xbox era, information had become a diversion that was imposing new strains on democracy, in his latest critique of modern media.

Obama, who often chides journalists and cable news outlets for obsessing with political horse race coverage rather than serious issues, told a class of graduating university students that education was the key to progress.
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Obama’s day: More history for the Supreme Court

Monday, May 10th, 2010

Good morning from The Oval. It’s Selection Monday at the White House, as President Obama nominates Solicitor General Elena Kagan to be the nation’s 112th Supreme Court justice.

Kagan, who would be the fourth woman to serve on the high court, is a “highly credentialed lawyer who has spent her career in the corridors of legal power,” writes Joan Biskupic of USA TODAY.

If the Senate confirms Kagan, the court would for the first time have three sitting female justices. Kagan would also be the first non-judge on the court since Nixon appointees William Rehnquist and Lewis Powell took the judicial oath in 1972.

USA Today

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Obama: I Don’t Have an Abortion Litmus Test, But…

Monday, May 10th, 2010

Asked if he would consider nominating a judge to the Supreme Court who does not support abortion rights, President Obama said today that, like presidents before him, he is not applying a “litmus test” on that or any issue.

But he went on to say that he wants “somebody who is going to be interpreting our Constitution in a way that takes into account individual rights, and that includes women’s rights. And that’s going to be something that is very important to me.”

“Part of what our core Constitutional values promote is the notion that individuals are protected in their privacy and their bodily integrity, and women are not exempt from that,” the president added. He said he is “somebody who believes that women should have the ability to make often very difficult decisions about their own bodies and issues of reproduction.”

CBS News

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