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(Bloomberg) – Newsweek will eventually transition to an online publication, owner IAC/InterActiveCorp (IACI) said today, marking the beginning of the end for the magazine’s 79-year run as a print weekly. IAC Chairman Barry Diller made the announcement during a quarterly earnings conference call, saying the New York-based company aims to curb investments in the money-losing […]

July 25, 2012, 1:36 pm ·

Obama: Under Me ‘People Have A New Attitude Toward America’…

(Real Clear Politics) – “Because we’re leading around the world, people have a new attitude toward America. There’s more confidence in our leadership. We see it everywhere we go,” President Obama said at the Veterans of Foreign Wars convention in Reno. “Four years ago, I stood before you at a time of great challenge for […]

July 24, 2012, 5:44 pm ·

CBO: Employers pay $4b more than expected in taxes for Obamacare…

(Washington Examiner) – Business owners will pay $4 billion more in taxes under President Obama’s Affordable Care Act (ACA) than the Congressional Budget Office had previously expected. “According to the updated estimates, the amount of deficit reduction from penalty payments and other effects on tax revenues under the ACA will be $5 billion more than […]

July 24, 2012, 5:32 pm ·

FOR SALE: Obama films campaign commercial inside West Wing…

(ABC News) – President Obama’s newest campaign commercial was filmed inside the West Wing of the White House, an act that campaign finance experts and good government groups generally agreed was legal if not particularly commendable. In the ad, the president – sitting in the White House chief of staff’s office – lays out his […]

July 24, 2012, 5:26 pm ·

Romney assails White House over defense cuts, intel leaks…

(Washington Times) – Presumptive GOP nominee Mitt Romney accused the White House of leaking classified information to the press for political gain and called for a special counsel to investigate who is responsible for giving away national security secrets to journalists. The former Massachusetts governor said the “conduct was contemptible” and “demands a full and […]

July 24, 2012, 5:23 pm ·


(CBS) – James Holmes, the alleged gunman in the recent theater shooting that left 12 dead in Aurora, Colo., was previously awarded a $26,000 federal grant. WNEW News reports that Holmes was awarded a prestigious grant from the National Institutes of Health in Bethesda, Md. NIH is part of the U.S. Department of Health and […]

July 24, 2012, 5:18 pm ·


(CNBC) – Stocks were down sharply across the board Monday, fueled by fears that Spain will need a full sovereign bailout and mounting worries that Greece may leave the euro. The Dow Jones Industrial Average plunged almost 200 points, led by Alcoa [AA 8.089 -0.171 (-2.07%) ] and Microsoft [MSFT 29.115 -1.00 (-3.32%) ]. The […]

July 23, 2012, 11:11 am ·

Earnings Show Recession May Be ‘Fast Approaching’…

(CNBC) – While this quarter’s earnings reports have crossed a substantially lowered profit bar, future expectations through the year indicate a recession could be on the way. Estimates for the third and fourth quarters have been dropped to levels not seen since the days of the 2008 financial crisis, below even the muted 2 percent […]

July 22, 2012, 9:24 pm ·

‘Minority Report’ software hits the real world…

(France 24) – The software behind the film “Minority Report” — where Tom Cruise speeds through video on a large screen using only hand gestures — is making its way into the real world. The interface developed by scientist John Underkoffler has been commercialized by the Los Angeles firm Oblong Industries as a way to […]

July 22, 2012, 9:22 pm ·

US 10-Year Treasury Yield Drops to Record Low…

(CNBC) – Yields on U.S. benchmark 10-year Treasuries hit a record low of 1.4365 percent in early Asian trade on Monday on market concerns Spain may need a full-fledged bailout after an indebted Spanish region requested financial aid.

July 22, 2012, 9:21 pm ·

Spent $2.6 million — on polling?

(Weekly Standard) – Campaign disclosure forms for Obama for America, President Obama’s reelection team, reveal a heavy emphasis on public opinion polling. According to the forms, in the month of June alone, Obama for America spent a whopping $2,639,265.72 on polling. This appears to be a record this election cycle. And it does not include […]

July 21, 2012, 7:28 pm ·

Paid $93k for Half-Empty Stadium Kick-Off Event…

(Weekly Standard) – According to disclosure forms with the Federal Election Commission, President Obama’s reelection team appears to have paid $92,751.50 to rent the Ohio State University’s Jerome Schottenstein Center, the site of the campaign’s much touted kick-off even in May. The disclosure appears on records of the campaign’s June spending, though the event took […]

July 21, 2012, 7:26 pm ·


  (AP) – Amid a heavy barrage of advertising by opposing “super” political groups, President Barack Obama’s re-election campaign spent more than it collected in June. While outraised again by Republican Mitt Romney, Obama ended the month with a hefty $97.5 million in the bank. June was the second consecutive month in which Romney brought […]

July 21, 2012, 7:21 pm ·

Rich Getting Poorer; Paying More Taxes…

(CNBC) – The presidential election has given us two myths about the rich. First, that their incomes, and income inequality, are at all-time highs. Second, that the wealthy pay less in taxes than ever, and lower taxes than the rest of us. A recent report from the Congressional Budget Office, however, suggests that both may […]

July 20, 2012, 9:25 pm ·

DeMint: Give Palin Major Speaking Role at Convention

(News Max) – Powerful conservative Sen. Jim DeMint, R-S.C., thinks former Alaska Gov. Sarah Palin deserves a prime speaking position at the Republican convention. “I’d love to see Sarah Palin have a big slot — as far as speaking — because there’s no one still in America that excites the base of conservatives and even […]

July 20, 2012, 8:58 pm ·

Rep. Gosar: Obama ‘Desperate’ for Re-election

(News Max) – Arizona Rep. Paul Gosar tells Newsmax.TV that he would support a lawsuit blocking the Obama administration from initiating its plan to grant amnesty to certain children of illegal immigrants. “I will and do. You know this is an overreach by the president in regards to the privileges of Congress and Congress only,” […]

July 20, 2012, 8:52 pm ·

Obama marks Ramadan…But Doesn’t Celebrate Christmas

(Politico) – In a statement, President Obama commemorated the Muslim holiday of Ramadan — calling it a time to “cherish family, friends, and neighbors, and to help those in need.” “On behalf of the American people, Michelle and I extend our warmest wishes to Muslim Americans and Muslims around the world at the start of […]

July 20, 2012, 8:48 pm ·

George W. Bush to skip GOP convention…

(USA Today) – Former president George W. Bush will not attend the GOP convention next month. A spokesman for the 43rd president, who has largely stayed out of politics since leaving the White House, said he has declined an invitation to attend. “President Bush was grateful for the invitation to the Republican National Convention,” said […]

July 20, 2012, 8:46 pm ·

Trump renews demand for Obama records

July 19, 2012, 2:47 pm ·
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