As reported for The New American on November 4, New Mexico's unelected Environment Improvement Board (EIB) decided on election day to impose a system of "cap and trade" on the 63 "large industrial sources." The EIB's action was adopted by a 4-3 vote and yet will affect the lives of every resident of the state, as power companies raise rates to offset increased expenses, and major industries may be forced to consider layoffs to compensate for the cost of carbon credits.
After Rahm Emanuel resigned his position as White House chief of staff and announced his intent to run for mayor of Chicago, it seemed his bid would be challenging as he would face a number of other contenders. The New York Times indicates, however, that the flood of people interested in succeeding Mayor Richard Daley has trickled, but that Emanuel continues to face a number of other challenges, most notably reacquainting himself with the ins and outs of Chicago politics.
Among the many controversial debates awaiting congressional newcomers is that of an earmarks ban. This week, both the House and Senate Republican conferences will be voting on whether they should impose a ban on earmarks — special projects to which congressmen appropriate funds in spending bills. The vote will likely be one of many issues that signal a divide between veteran Republicans, establishment Republicans, and those of the Tea Party caucus.
The mainstream news has been relatively quiet in the last month about a recent and significant Chinese investment in South Texas oil. But Tom Pauken, chairman of the Texas Workforce Commission, has expressed concern about long-term effects of such deals on the U.S. economy and possible threats to Texas.
Following the results of the midterm elections, Nancy Pelosi declared her intent to maintain a leadership role in the U.S. House of Representatives, though in a different capacity during the 112th session of Congress — as House Minority Leader. However, Pelosi’s pursuit of the coveted position will be challenged by North Carolina Rep. Heath Shuler, who contends that while he does not believe himself to have a chance to secure the position, he has elected to vie for it in order to make a statement against Pelosi’s leadership.
As predicted, the DREAM Act is at the top of the “To-Do” list for the Lame Duck session — a period ranging from November 15 to the swearing in of new congressmen on January 3. Virtually the pet project of Senate Majority Leader Harry Reid, House Speaker Nancy Pelosi has also stated her support for voting on the DREAM Act during the lame-duck session, revealing that the chances of passage in the House of Representatives may be high.
BBVA Bancomer Research has produced a study that indicates that since Arizona enacted Senate Bill 1070, which provides for state law enforcement officers to enforce federal immigration laws, that the Hispanic population of Arizona has dropped by about 100,000 people.
The co-chairs of President Obama’s Deficit Commission, Erskine Bowles and Alan Simpson, announced many of the possible recommendations that could appear in the report of the Commission due December 1. They included just enough to arouse the ire of partisans on both sides, without making any serious inroads into real deficit reduction. Calling it a “politically provocative and economically ambitious package,” the New York Times said the initial proposals are “igniting a debate that is likely to grip the country for years.”
The United States Food and Drug Administration passed sweeping new measures yesterday that will change tobacco marketing rules dramatically. According to the new rules, American cigarette sellers must place graphic images on the warning labels on cigarette packages, including images of corpses and diseased lungs. The FDA claims that the warnings are intended to reduce cigarette-related diseases.
Fans of the Glenn Beck program on the Fox News Channel have long agreed with the conservative pundit that George Soros, left-wing billionaire, is a “spooky dude.” Just how spooky, however, remained to be seen, until Beck’s television special, “George Soros: The Puppetmaster,” which was viewed by over three million Americans on its first day.
Is the United States' economy headed ineluctably over the edge, as the gloomier financial forecasters project? Or is it still possible for us to reverse course and draw back from the precipice on which our economy is teetering?