Wednesday, December 10, 2008
Reid: Blagojevich Must Go, Must Not Make Appointment
Reid: Blagojevich Must Go, Must Not Make Appointment Blagojevich gets more in more in hot water, with reported 50 democrats including President-Elect Obama calling for the Gov. to step down.
World Bank Chief Economist: World Faces "Worst Recession Since The Great Depression"
World Bank Chief Economist: World Faces "Worst Recession Since The Great Depression": “Global oil demand will collapse next year and commodities will not return to the highs they reached this summer in the foreseeable future, two authoritative reports said on Tuesday as they forecast a long and painful worldwide recession.
The stark conclusions came as the World Bank's chief economist predicted that the world faced "the worst recession since the Great Depression".
The US energy department said global oil demand will fall this year and next, marking the first two consecutive years' decline in 30 years.
"The increasing likelihood of a prolonged global economic downturn continues to dominate market perceptions, putting downward pressure on oil prices," it said, forecasting that demand would drop 50,000 barrels a day this year and a hefty 450,000 b/d in 2009. US oil demand will drop next year to the lowest level in 11 years.”
The stark conclusions came as the World Bank's chief economist predicted that the world faced "the worst recession since the Great Depression".
The US energy department said global oil demand will fall this year and next, marking the first two consecutive years' decline in 30 years.
"The increasing likelihood of a prolonged global economic downturn continues to dominate market perceptions, putting downward pressure on oil prices," it said, forecasting that demand would drop 50,000 barrels a day this year and a hefty 450,000 b/d in 2009. US oil demand will drop next year to the lowest level in 11 years.”
Illinois' top lawmakers to strip Blago of senate pick power | Crain's Chicago Business News
Chicago Business News, Analysis & Articles | Illinois' top lawmakers to strip Blago of senate pick power | Crain's: “(Crain’s) — The state’s top two legislative leaders Tuesday said they will move fast to seize control of the process of selecting a replacement for Barack Obama in the U.S. Senate, taking that power away from Gov. Rod Blagojevich.
In separate statements, House Speaker Michael Madigan and Senate President Emil Jones said they will call a special legislative session next week to repeal the state law that now gives the governor the power to fill Mr. Obama’s seat. Both said they will press instead for a special election to fill the remaining two years of Mr. Obama’s term.
“I am prepared to convene the House next Monday to change state law to provide for a special election for the U.S. Senate replacement,” Mr. Madigan said. “I would urge U.S. Sen. Dick Durbin to take note of this action.”
Mr. Durbin earlier on Tuesday had called for such action in the wake of Mr. Blagojevich’s arrest on federal corruption charges.”
In separate statements, House Speaker Michael Madigan and Senate President Emil Jones said they will call a special legislative session next week to repeal the state law that now gives the governor the power to fill Mr. Obama’s seat. Both said they will press instead for a special election to fill the remaining two years of Mr. Obama’s term.
“I am prepared to convene the House next Monday to change state law to provide for a special election for the U.S. Senate replacement,” Mr. Madigan said. “I would urge U.S. Sen. Dick Durbin to take note of this action.”
Mr. Durbin earlier on Tuesday had called for such action in the wake of Mr. Blagojevich’s arrest on federal corruption charges.”
Tuesday, December 09, 2008
Chicago Police Beat Blacks On Election Night - The Untold Story
While people around the country were peacefully celebrating now President-Elect Barack Obama's victory, there were groups of African Americans that were not able to do so without attack, and all of this happened right in the backyard of President-Elect Obama: Chicago.
Here's one video explaining the events that led to a class-action lawsuit:
In this video below, it's claimed that five White police officers on Chicago's West Side broke into her home and brandished a gun then cursed at her. According to reports, the officers were off-duty and yet went over in unmarked cars to terrorize these Chicagoans. This is the second of three lawsuits filed and not for the same neighborhood, but for another incident in Chicago:
Something must be done about this and ASAP. President-Elect Obama's selection has sparked a rise in U.S. Hate Crimes , and it's particularly unacceptable for police officers to be involved. The Chicago Police should fire these men without pay.
Here's one video explaining the events that led to a class-action lawsuit:
In this video below, it's claimed that five White police officers on Chicago's West Side broke into her home and brandished a gun then cursed at her. According to reports, the officers were off-duty and yet went over in unmarked cars to terrorize these Chicagoans. This is the second of three lawsuits filed and not for the same neighborhood, but for another incident in Chicago:
Something must be done about this and ASAP. President-Elect Obama's selection has sparked a rise in U.S. Hate Crimes , and it's particularly unacceptable for police officers to be involved. The Chicago Police should fire these men without pay.
NFL Reports Plan Of Layoffs At All NFL Business Units
This massive economic collapse has taken many companies and people into lower positions of wealth and caused many to lose their jobs at historic rates. Well, after years of incredible growth, it was thought that the sports industry was immune to these developments surrounding the credit crunch.
Not so.
I received this email from the NFL's director of communications Greg Aiello:
Not so.
I received this email from the NFL's director of communications Greg Aiello:
As part of an overall cost-cutting plan in response to the slumping economy, the NFL today confirmed plans to reduce its staff by approximately 150 employees during the next 60 days.
There are 1,100 employees in three NFL locations around the country: league headquarters in New York; NFL Films production facilities in Mt Laurel, New Jersey; and NFL Network and NFL.com production facilities in Los Angeles.
A voluntary separation program will be offered to personnel this week as a first step in the staff reduction.
"These are difficult and painful steps," Commissioner Roger Goodell said Tuesday in a memo to his staff, "but they are necessary in the current economic environment. I would like to be able to report that we are immune to the troubles around us, but we are not. Properly managed, I am confident the NFL will emerge stronger, more efficient and poised to pursue long-term growth opportunities."
Rod Blagojevich - No allegations against Obama in Illinois: official | Politics | Reuters
No allegations against Obama in Illinois: official | Politics | Reuters: “CHICAGO (Reuters) - President-elect Barack Obama was in no way implicated in the federal corruption charges against the governor of his home state of Illinois, a fellow Democrat, the U.S. prosecutor in the case said on Tuesday.
"I should make clear the complaint makes no allegations about the president-elect whatsoever," said U.S. Attorney Patrick Fitzgerald.”
"I should make clear the complaint makes no allegations about the president-elect whatsoever," said U.S. Attorney Patrick Fitzgerald.”
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