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The chief of the FAA told Congress today that Washington-area airports will largely escape the effects of the air traffic controller furloughs — a blessing for lawmakers who fly out of the nation’s capitol. Michael Huerta, head of the Federal Aviation Administration, told a congressional panel that the Washington region’s airports are spaced out enough and have enough spare capacity that furloughs to air traffic controllers won’t hurt as much here. Read [...] Jose Antonio Vargas, an illegal immigrant and former reporter, scolded a congressional panel on Wednesday, saying that he should not be called illegal, and saying it is an insult to his family who brought him here. “When you inaccurately call me illegal, you not only dehumanize me, you’re offending them,” he said. “No human being is illegal.” Mr. Vargas testified to the Senate Judiciary Committee alongside Chris Crane — a U.S. Immigration [...] RT Biotech giants Monsanto were awarded a victory by lawmakers in Washington this week after a congressional panel voted to let farmers plant genetically modified crops made by the agriculture company despite pending legal proceedings. A committee made up of members of the US House of Representatives agreed on Tuesday this week to allow genetically modified crops manufactured by the Monsanto corporation and other biotech companies, including competitors Dupont Co., to continue [...] RT Biotech giants Monsanto were awarded a victory by lawmakers in Washington this week after a congressional panel voted to let farmers plant genetically modified crops made by the agriculture company despite pending legal proceedings. A committee made up of members of the US House of Representatives agreed on Tuesday this week to allow genetically modified crops manufactured by the Monsanto corporation and other biotech companies, including competitors Dupont Co., to continue [...] Federal Reserve Chairman Ben Bernanke offered little hope Thursday for anyone looking for more central bank intervention, instead relying on an oft-repeated pledge to step in if necessary. As a result, the stock market, which had been well into its third consecutive strong rally, pared gains as traders weighed where the Fed stands on the economy’s late-spring slowdown. “Boy, that was anti-climactic,” Pierpoint economist Stephan Stanley said. “There was absolutely nothing in terms [...] hen only thing that could top today’s epic market insanity and hilarity, would be that Corzine is himself about to be Corzined. And just released from Bloomberg: MF GLOBAL’S CORZINE ORDERED FUNDS MOVED TO JPMORGAN, MEMO SAYS And so we can now add perjury to felony embezzlement. Which [...] From Bloomberg: President Barack Obama’s re-election campaign has returned campaign contributions from Jon S. Corzine, former chairman and chief executive officer of MF Global Holdings Ltd., according to a Democratic official. Obama for America and the Democratic National Committee refunded the money from the former New Jersey governor out of an abundance of caution, said the official, who requested anonymity. Republicans have criticized the president for keeping contributions from the head of a firm that collapsed [...] (Reuters) – Democrats want tax hikes to be the first item negotiated in “super committee” deficit-reduction talks, trying to force Republicans to confront an issue at the heart of this year’s budget fights, sources told Reuters. The tough stance by Democratic members of the powerful 12-member congressional panel reflects the party’s wariness that Republicans might try to sideline the issue of revenue increases in [...] With Congress back in town, the full-scale defense of the Pentagon’s budget is in full swing, with Republican lawmakers – and even, way off in Texas, former defense secretary Robert Gates – warning that the military shouldn’t be forced to make cuts beyond the $400 billion in savings planned over the next 12 years. This week, Republicans on the House Armed Services Committee released a video, replete with footage [...] U.S. Officials Behind ‘Fast and Furious’ Gun Sales Should Be Tried in Mexico, Lawmaker Says By William La Jeunesse While the investigation continues into the U.S. operation that helped send thousands of guns south of the border, Mexican lawmakers say they’ll press for extradition and prosecution in Mexico of American officials who authorized and ran the operation. “I obviously feel violated. I feel my country’s sovereignty was violated,” [...] by CNBC CNBC Meredith Whitney on Closing Bell With a prescient warning about bank stocks in 2007 — as well as a gift for the perfect sound bite — she became a media darling, celebrated in a Fortune cover article and in frequent television appearances as a market seer. Until now, that is. These days, Ms.Whitney, 41, finds herself pilloried in the news media and by colleagues for predicting a [...] |
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