In 2006, Democratic Representatives Louise Slaughter (left) and Tim Walz introduced the STOCK Act (Stop Trading On Congressional Knowledge), intended to stop members of Congress from benefiting from insider knowledge of stocks. The legislation was placed on the congressional backburner — that is, until it was featured on CBS's 60 Minutes. Now the bill has moved to center stage and has garnered a significant number of co-sponsors in the Congress.
When Jack Daniel founded a whiskey distillery in Lynchburg, Tennessee (left), in 1875, he could little have guessed that over a century and a quarter later, the company would be so wildly successful or have remained in the same county the entire time. But now, nothing less than taxes might drive it to another state.
The so-called SuperCommittee charged with finding $1.2 trillion in cuts over a 10-year period beginning in 2013 found its Kryptonite: itself. The members of what is officially known as the "Joint Select Committee on Deficit Reduction" admitted defeat in a November 21 press release where members stated, "We have come to the conclusion today that it will not be possible to make any bipartisan agreement available to the public before the committee’s deadline."
On November 16 the Senate Armed Services Committee unanimously approved a controversial provision of the National Defense Authorization Act for 2012 that sets forth procedures for processing and prosecuting individuals imprisoned on suspicion of being members of al-Qaeda. By a vote of 26-0, the committee granted power to the U.S. Armed Forces to exercise complete control over all custodial matters related to the treatment of those detained for suspected belligerent behavior in the War on Terror.
Presidential candidates Newt Gingrich and Rick Santorum said they'd wage war against Iran if it didn't prove it had given up any hope of obtaining nuclear weapons, while Rep. Ron Paul deferred, saying he'd follow Christian just war principles. The comments were made at a November 19 forum in Des Moines, Iowa.