U.S. News
President Barack Obama praised the efforts of the Federal Reserve Bank during his press conference June 23, telling reporters, “I think that the Fed probably performed better than most other regulators prior to the crisis taking place,” adding that Federal Reserve Chairman Ben Bernanke “has performed very well.”
If anyone ever wanted proof of columnist Joe Sobran’s dictum that “war is just one more big government program,” they need look no further than the supplemental appropriations H.R. 2346 conference report awaiting President Obama’s signature.
Sonia Sotomayor's Selection
Written by Jack Kenny
The judicial rulings of Judge Sonia Sotomayor of the Second U.S. Circuit Court of Appeals are “marked by diligence, depth and unflashy competence,” the New York Times reported.
The current economic crisis has served as a wakeup call to many Americans that there is a major problem with the policies emanating from Washington, both from the Federal Reserve as well as from the federal government.
Obama Signs Tobacco Regulation
Written by Steven J. DuBord
President Barack Obama signed legislation on June 22 granting the U.S. Food and Drug Administration broad powers to regulate many aspects of tobacco product manufacturing, marketing, and sales. Known as the Family Smoking Prevention and Tobacco Control Act, the bill allows the FDA to ban candy- and fruit-flavored tobacco products and to prohibit companies from labeling their products “light,” “mild,” or “low tar.” The act requires larger warning labels on tobacco product packaging, restricts the advertisement of tobacco products, and forces companies to lower the levels of nicotine in cigarettes.
