REPORT: OBAMA TO PICK JACK LEW AS TREASURY SECRETARY… DEVELOPING…

President Barack Obama plans to name White House Chief of Staff Jack Lew tomorrow as his choice for Treasury secretary, replacing Timothy F. Geithner, a person familiar with the process said.

Lew, 57, who also has served as director of the Office of Management and Budget, has been offered the Treasury post by Obama, according to the person, who asked for anonymity to discuss personnel matters.

Geithner, 51, the only remaining member of [...]

Hillary ‘DOESN’T want Susan Rice to take over as Secretary of State’ because she is ‘not friendly enough’

Would prefer John Kerry to succeed her, according to insider source
‘Hillary is not close to Rice, who is tough but is not the friendliest person’

 

If Susan Rice is nominated to be the next Secretary of State, she could face fierce opposition from Republicans in Congress.

But now it has emerged that she could also lack support closer to home, as Hillary Clinton has said she would prefer John Kerry to succeed [...]

New Yahoo CEO is six months pregnant: Internet giant poaches expectant Google exec, 37, to be fifth CEO in five years

Yahoo has hired a six-months pregnant woman who was one of Google’s first employees to be its fifth CEO in five years.

Marissa Mayer will attempt to engineer a turnaround at the web giant as it struggles to rebound from financial malaise and internal turmoil – but her appointment will be seen as a huge snub to interim CEO Ross Levinsohn, who was regarded as frontrunner for the permanent job.

The new [...]

Good news from Europe: Greece Focusing on Repudiating Bailout

“Eurozone crisis: Greek left leader renounces bailout deal”
By Helena Smith in Athens, The Guardian

“Frontrunner to form a new government shocks financial markets with remarks over EU and IMF loan agreement.”

The fate of Greece is, on Tuesday night, in the hands of the leader of a far-left party who launched the quest to form a government by declaring the country could no longer commit itself to the terms of an international [...]

Hollande warns of wave of layoffs in France after presidential vote

(Reuters) – France’s Socialist presidential frontrunner Francois Hollande said on Saturday he was expecting a wave of layoffs to follow next weekend’s election, but pledged his government would not stand idly by as companies dismissed workers.

Hollande, 57, is on track to win the May 6 runoff against President Nicolas Sarkozy, due largely to the conservative leader’s failure to keep his promise to cut stubbornly high unemployment in the euro zone’s [...]

Egyptians mass to demand army retreat from power

(Reuters) – Tens of thousands of Egyptians demanded on Friday that their military rulers stick to a pledge to hand over power by mid-year after a row over who can run in the presidential election raised doubts about the army’s commitment to democracy.

Two leading Islamist candidates, one representing the Muslim Brotherhood who was seen as the frontrunner, were among those disqualified this week from a vote that starts on May [...]

Ron Paul still in the 2012 US Presidential race with millions in funding and zero debt

RT

First Rick Santorum slipped out of the race for the GOP nomination, and next Newt Gingrich said he would support Romney but would still run. But what about Ron Paul’s quest for the White House?

According to the latest bulletin from the campaign headquarters of the Texas congressman, Ron Paul is still in the race and rolling in the bucks.

Republican Party presidential hopeful Ron Paul is still polling strong among many [...]

Remember: The real European collapse will occur when the political landscape changes in Europe

by Phoenix Capital Research

 

I wanted to post an update on the market action.

The markets have been stretched quite hard to the downside. Having just finished their best first quarter performance in over 10 years, stocks were primed for a correction of sorts.

That is precisely what we got. Last week stocks posted their worst week of the year so far, despite verbal interventions from both the Fed and the ECB. However, the [...]

Mitt Romney is supported by 47% of national registered voters and Barack Obama by 45% in the inaugural Gallup Daily tracking results from April 11-15.

Now that the GOP primary is essentially over, and Mitt Romney is set, for better or worse, to be the Republican frontrunner, Gallup has launched its daily tracking poll to keep an eye on each one’s presidential prospects. Not surprisingly, the result is a dead heat. “Mitt Romney is supported by 47% of national registered voters and Barack Obama by 45% in the inaugural Gallup Daily tracking results from April 11-15. Both [...]

Obama: ‘GOOGLE, FACEBOOK Would Not Exist’ Without Government

(CNSNews.com) – President Barack Obama insisted Thursday that without government spending, “Google, Facebook would not exist.”

 

Obama made the remark at a campaign fundraiser while criticizing the budget passed by House Republicans. Obama said the Rep. Paul Ryan’s budget would, among other things, cut funding for research.

“I believe in investing in basic research and science because I understand that all these extraordinary companies that are these enormous wealth-generators — many of [...]

POLL: Sarkozy’s comeback hopes crumble

PARIS (Reuters) – French President Nicolas Sarkozy defended his economic record on Friday as a slew of opinion polls suggested his prospects of re-election were crumbling just over a week from round one of a vote where Socialist Francois Hollande is the clear frontrunner.

Four polls published in less than 24 hours showed Hollande extending his lead, with the conservative incumbent’s modest gains of the past month starting to evaporate ahead [...]

IT’S NOT OVER YET! Ron Paul Vows To Stay In The Race Until The End

The Republican race dwindled down to three candidates today, with Rick Santorum’s announcement that he is suspending his presidential campaign.

 

With Santorum’s departure from the race, Republican frontrunner appears to have a very clear path to the Republican nomination. The former Pennsylvania Senator had presented the biggest threat to Romney over the past two months, while Newt Gingrich and Ron Paul struggled to mount significant challenges in most of the nominating contests.

But there is [...]

Rep. Paul Ryan endorses Mitt Romney

House Budget Committee Chairman Paul Ryan (R-Wisc.) is expected to endorse Republican frontrunner Mitt Romney before Wisconsin’s GOP primary next Tuesday, according to media reports.

Ryan would be the latest in a string of high-profile endorsements for Romney this week, as party leaders have increasingly coalesced around the former Massachusetts governor’s campaign. The Wisconsin lawmaker would join popular freshman Sen. Marco Rubio (R-Fla.) and former president George H. W. Bush in [...]

Romney Says: Russia Number One Enemy – We Say: Debt

What is the United State’s number enemy, geopolitical fallout or something far more sinister?

Russian President Dmitry Medvedev took aim at Mitt Romney on Tuesday, Telling the GOP frontrunner to “look at his watch,” and dismissing his comments that Russia was an enemy of the United States.

“We are in 2012 and not the mid-1970′s,” Medvedev said Tuesday, on the last day of a nuclear security summit in Asia.

His comment came a day after [...]

ROMNEY: ‘I don’t see how a young American can vote’ for a Democrat

By Daniel Strauss and Geneva Sands - 03/19/12 03:07 PM ET

GOP presidential frontrunner Mitt Romney said Monday he doesn’t understand how young people could vote for Democrats.

“I don’t see how a young American can vote for, well, can vote for a Democrat,” Romney said in a speech at the University of Chicago.

The former Massachusetts governor said Democrats were saddling young people with debt while Republicans are committed to reducing spending and balancing [...]

Scott Brown: Secret Service ‘First Time He’s Actually Ever Used Protection’

BOSTON (CBS) – Sen. Scott Brown poked fun at Republican presidential candidate Rick Santorum at the annual St. Patrick’s Day breakfast Sunday in South Boston.

Listen: Scott Brown at the St. Patrick’s Day Breakfast

 

“I see that both Newt Gingrich and Rick Santorum now have Secret Service with them on the campaign trail,” Brown said. “And in Santorum’s case, I think it’s the first time he’s actually ever used protection.”

Brown, of course, was referring [...]

Tens of thousands march for leftist French candidate

AFP - Tens of thousands marched in Paris on Sunday to support firebrand leftist presidential candidate Jean-Luc Melenchon, who has shaken up France’s election campaign with a surprise jump in the polls.

Melenchon of the Left Front, who represents a coalition of leftist parties including the Communists, has emerged as a significant factor in the campaign just as Socialist frontrunner Francois Hollande faces a resurgent threat from incumbent President Nicolas Sarkozy.

His virulent [...]

Loonie support grows in Iceland as 70% back adopting Canadian currency

Iceland appears to be increasingly open to adopting the Canadian dollar as its official currency, with Prime Minister Johanna Sigurdardottir warning over the weekend that the country’s own extremely volatile currency system “can’t remain unchanged.”

“The choice is between surrendering the sovereignty of Iceland in monetary policy by unilaterally adopting the currency of another country, or become a member of the EU,” Ms. Sigurdardottir said in a speech delivered at a [...]

France: How to Demolish a 75% Income Tax

Wolf Richter   www.testosteronepit.com

Socialist Party candidate François Hollande, frontrunner in the French presidential election, was trying to score some cheap points against President Nicolas Sarkozy—who’d been criticized for his cozy relationship with the rich. “I don’t like the rich,” he said—and followed up on February 27 on TF1, a French TV network, when he trotted out some ideas, such as the perennial favorite of capping gasoline prices. But most intriguingly, he offered his [...]

Why Both parties are attacking Wall St.

Newt Gingrich ended his campaign against Mitt Romney in Florida with the same message strategy that Romney’s senior advisers had used in another Republican primary two years earlier: AttackGoldman Sachs. There was a good reason.

Amid the orange groves and senior centers, the successful investment bank served as Gingrich’s red meat for the right. “You look at Goldman Sachs, which was the number one funder ofObama; now they’re the number one funder of Romney,” [...]

Ron Paul was on FIRE last night in Vegas

txripper via YouTube

HENDERSON, NEVADA — A casual observer at Ron Paul‘s rally near Las Vegas tonight would never have guessed that the Texas Congressman finished fourth in Florida’s Republican primary.

 

The Texas Congressman brought down the house like a frontrunner, sending a mob of hundreds of excitable fans Ron Paul fans into a frenzy of cheers and chants.

“If enthusiasm wins elections, we win hands down!” Paul told the crowd, adding that he had [...]

Romney defeat exposes significant weaknesses for potential battle with Obama

Echoing a worn adage, Mitt Romney said on Saturday night after conceding defeat to Newt Gingrich in the South Carolina primary that a longer, more competitive battle for the Republican presidential nomination would only make him stronger.

“I don’t shrink from competition. I embrace it. I believe competition makes us all better,” Romney told supporters.

That’s a standard talking point from a frontrunner who hasn’t yet locked up the nomination. But in fact, the [...]

GIVE US MITT! Nancy Pelosi: GOP knows Mitt Romney can’t win

House Minority Leader Nancy Pelosi on Tuesday launched political grenades at Mitt Romney, arguing that Republicans haven’t coalesced behind the GOP frontrunner because they don’t believe he can beat President Barack Obama in November.
The House’s top Democrat repeatedly jabbed at the former Massachusetts governor during an hour-long interview hosted by POLITICO and taunted the GOP for a slate of presidential contenders that she said was “not exactly what you would [...]

Pelosi: GOP knows Romney can’t win

House Minority Leader Nancy Pelosi on Tuesday launched political grenades at Mitt Romney, arguing that Republicans haven’t coalesced behind the GOP frontrunner because they don’t believe he can beat President Barack Obama in November.

The House’s top Democrat repeatedly jabbed at the former Massachusetts governor during an hour-long interview hosted by POLITICO and taunted the GOP for a slate of presidential contenders that she said was “not exactly what you would call the first string of [...]

GOP debate: Ron Paul goes on the attack, steps back into the spotlight

Emily Goodin
The Hill
January 8, 2012

Ron Paul returned to the spotlight Saturday night by attacking his rivals for the Republican nomination.

The Texas congressman launched ferocious attacks against Rick Santorum, who has surged in the polls recently, and Newt Gingrich.

Those two snapped back, leading to one of the most testy exchanges in the debate, and all frontrunner Mitt Romney had to do was sit back and watch his rivals tear each other [...]

Ron Paul Slays Newt: ‘When I was drafted, I was married and had two kids — and I went’

By Emily Goodin - 01/07/12 10:57 PM ET

Ron Paul returned to the spotlight Saturday night by attacking his rivals for the Republican nomination.

The Texas congressman launched ferocious attacks against Rick Santorum, who has surged in the polls recently, and Newt Gingrich.

Those two snapped back, leading to one of the most testy exchanges in the debate, and all frontrunner Mitt Romney had to do was sit back and watch his rivals tear [...]

Spooked Obama campaign bashes ‘extremist’ Republicans — ‘We’ve got to be ready’

US President Barack Obama’s 2012 reelection campaign has sought to portray the nation’s …

US President Barack Obama’s 2012 reelection campaign early Wednesday sought to portray the nation’s first Republican nomination battle as a victory for “extremist” candidates.

The Iowa caucuses — which saw former Massachusetts governor Mitt Romney barely edge out former Pennsylvania senator Rick Santorum by eight votes — launched the battle to deny Obama his hoped-for second term.

In keeping with [...]

The Big Takeaway From Iowa: 75 Percent Of Republicans Don’t Want Mitt Romney

Michael Brendan Dougherty
Business Insider
Wednesday, January 4, 2012

Mitt Romney won 25.19 percent of the vote in Iowa in 2008 – and lost that contest by 9 points.

Since then, Mitt Romney spent millions of dollars. He got better at debating. He annihilated Rick Perry.  The SuperPAC aligned to Romney took out a surging Newt Gingrich with negative ads. And Romney focused his energy on attacking Barack Obama.

All that got him was 25 percent of the [...]

The establishment media is losing its power to sabotage the march of liberty – Ron Paul on course to win Iowa

The establishment media is losing its power to sabotage the march of liberty

Paul Joseph Watson
Infowars.com
Wednesday, December 28, 2011

Despite a barrage of smear attacks from every single corner of the mainstream media over the last two weeks, Ron Paul’s chances of winning the Iowa Republican Primary have if anything increased, with a new poll showing Paul increasing his lead over Mitt Romney while the New York Times’ primary projection shows Paul’s [...]

Great take on Presidential Race from an astute political analyst: plus RON PAUL surge update!

From the Friday, 12/23/11 edition of the WORLD AFFAIRS BRIEF by Joel Skousen

 

ATTACKS ON RON PAUL GO INTO HIGH GEAR

Ron Paul is suddenly the man to beat. With polls showing support for Newt Gingrich collapsing in Iowa the kingmakers are facing a very real problem: how to stop this growing anti-government, anti-war movement backing Ron Paul that draws from conservatives, libertarians and honest liberals alike. Despite media attempts to play like [...]

NY Times Projects Ron Paul As Clear Favorite To Win Iowa

Highly accurate collated figures show Congressman trouncing Romney & Gingrich

Paul Joseph Watson
Infowars.com
Wednesday, December 21, 2011

A New York Times Iowa primary projection, using figures collated from all the latest poll results and surveys, shows that Ron Paul is the clear favorite to win the crucial first Republican primary set to take place in just 13 days time.

“These forecasts are formulated from an average of recent surveys, with adjustments made to [...]

New Iowa Poll Shows Paul Accelerating Away From Romney

Congressman has captured more Herman Cain voters than former Governor of Massachusetts.

Paul Joseph Watson
Infowars.com
Wednesday, December 21, 2011

A new Iowa State University poll shows that Ron Paul is accelerating away from Mitt Romney in the race to capture the key Republican primary, with the Congressman placed first in front of Newt Gingrich, having captured more of former frontrunner Herman Cain’s supporters than Romney.

“Paul is the first choice of 27.5 [...]

Iowa Governor: If Ron Paul Wins, Ignore It And Look At Who Finishes Second

Establishment reverts back to pretending Paul doesn’t exist

Paul Joseph Watson
Infowars.com
Tuesday, December 20, 2011

From rightly heralding the Iowa primary as a crucial indicator as to who will eventually capture the GOP nomination, the establishment has closed ranks and now decided that a Ron Paul victory doesn’t count and that the focus will be on who finishes second.

A Politico article entitled Ron Paul panic seizes Iowa establishment perfectly illustrates the supreme arrogance [...]

EU Banking Crisis: Towards the “Leveraged Breakup” of Euroland?

Bob Chapman
International Forecaster
December 18, 2011

The Fed’s third quarter audit data shows a total system debt of 355% and of GDP, in spite of so-called de-leveraging. It is down from the second quarter’s 375% of GDP, but up from 264% a dozen years ago. Financial sector borrowing fell almost 50% in the quarter but non-financial debt increased while financial debt fell – a push so to speak. Unfortunately most of the [...]

FINAL ACT: High Stakes, High Drama for Final Debate Before Voting Begins

High Stakes, High Drama for Final Debate Before Voting Begins

SIOUX CITY, Iowa – It’s been 32 weeks since the first Republican presidential debate. Since then, a changing cast of contenders has faced off a dozen times across the country with millions watching at home.

Of the original combatants from that May 5 meeting in Greenville, S.C., only two, Ron Paul and Rick Santorum, remain. There have been four lead changes in national polls, two [...]