Kevin Phillips argues that the true US inflation rate is at 6-9% a year, and that this means the economy is shriveling rapidly.
In theory, a vigilant Congress might want to hold hearings, but in practice I suspect not. Democratic presidents (notably Bill Clinton) have been involved in the numbers game along with Republican administrations. Neither party has clean hands. Far more likely that any serious investigation will be mounted clandestinely by central banks or sovereign wealth funds in places like China, Singapore and Saudi Arabia as part of their ongoing study of just how much longer they can continue to support a deteriorating U.S. dollar. It is not a happy prospect.
True Majority is asking shareholders of KBR to take action against the military contractor.
"I have a much broader base to build a winning coalition on," she said in an interview with USA TODAY. As evidence, Clinton cited an Associated Press article "that found how Sen. Obama's support among working, hard-working Americans, white Americans, is weakening again, and how whites in both states who had not completed college were supporting me."
Google, Comcast, Intel Capital, Time Warner Cable, Bright House Networks and Trilogy Equity Partners have entered into an agreement to invest $3.2 billion in a new wireless broadband company. The new company will combine Clearwire's existing consumer WiMAX business with Sprint's broadband infrastructure and 2.5 GHz spectrum to create a new nationwide wireless broadband network. In addition to our $500 million contribution as part of the investment group, we will provide search and applications to the network's users, and will work with Clearwire to offer additional services and applications. This will include jointly creating an open Internet protocol to work with mobile broadband devices (including Android-powered devices) and implementing other open network practices and policies.
I get the feeling that we're in the period before the convention where the presumptive nominee isn't yet the official nominee, but everyone assumes he will be. Only, instead of focusing on the Obama-McCain contest, there's a collective viewing of the trainwreck that is Hillary Clinton.
Some uncommitted Democratic superdelegates refused to meet with the beleaguered candidate when her campaign approached them in the hope of wooing them. Reps. Brad Miller (N.C.) and Lincoln Davis (Tenn.) said they were invited to meet Clinton but declined to attend.
That is just embarrassing and sad. Unlike many Obama supporters, I respect Hillary Clinton a great deal. I don't agree with her politics and I think she has a moral blindspot in her support for the war, but I never felt the hatred towards her that seemed a bit too widespread for my tastes. She built a good amount of infrastructure for Democrats and is a superb political strategist. But this is just sad. Uncommitted supers refusing to meet with her? Every day she stays in and race-baits she is destroying her legacy.
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