The November 9 Republican presidential debate in Detroit highlighted the utter economic cluelessness of the overwhelming majority of CNBC hosts and another Rick Perry debate mental lapse (picture at left).
Only days after Freddie Mac sought a $6-billion cash lifeline from the Treasury Department, Fannie Mae is now chasing a $7.8-billion check in federal aid. Attributing its steep $5.1-billion third-quarter deficit to losses on derivatives and the persistent failings of the housing market, the government-controlled firm is furthering its heedless course to fiscal Armageddon — while draining the bank accounts of American taxpayers all along the way.
Apple growers in Washington State — who produce about half of the country's apples, about 15 billion — have a bumper crop this year, among the best in the state's history. Yet many of these apples may never make it to market, because growers cannot find enough workers to pick them.
Last Friday a superior court in New Jersey held that a “marriage equality” suit may proceed. The ruling had the effect of partially denying a motion to dismiss filed by New Jersey Attorney General Paula Dow.
On Tuesday night, GOP presidential hopeful Herman Cain issued a formal response to the sexual harassment allegations levied by Sharon Bialek and his other accusers. During a news conference held in Phoenix, Cain declared the accusations to be “baseless” and in the case of Bialek, motivated by money. Any claims asserted by Bialek, according to Cain, “simply did not happen” because he contends he does not recognize Bialek.