Sunday, March 4, 2012

ELECTION RESULTS DEFLATED AN IMPEACHMENT BALLOON.(MAIN)

Byline: RONALD BROWNSTEIN

Who would have thought Newt Gingrich would lose his job before Bill Clinton did? To call it ironic is to slight the true reversal of fortune. Gingrich was not only Clinton's rival, he was his shadow. Both were hyperarticulate, visionary and undisciplined. However imperfectly, Clinton embodied the baby boomers who embraced the cultural tumult of the 1960s; Gingrich embodied those who stood apart. Each man saw himself as the fulcrum of a new majority in American politics. Gingrich rose as Clinton fell, and vice versa.

In that way, Gingrich's demise underscored with unambiguous clarity the most important message of last week's election. Barring some jaw-dropping (and incontrovertibly proven) new allegation, you can now put a sheet on the effort to force Clinton from office. Impeachment is a dead man walking.

Clinton is surviving and Gingrich is departing largely because the President understands …

Big 3 incentives rise faster than prices.(Incentives)

Byline: John K. Teahen Jr.

The Big 3 are losing ground in their struggle to balance rebates and price increases.

An Automotive News analysis finds that the Big 3 raised sticker prices an average of $204 when they introduced their 2005 models.

But Edmunds.com, a consumer auto Web site, reports that incentives now cost the three manufacturers an average of $460 more than they did last June.

Good news, bad news

That's good news for customers and bad news for manufacturers. But shoppers can expect more price increases through the 2005 model year.

The $204 price increase for the Big 3 compares with a boost of $222 when the …

Israel's Netanyahu compares Iranian leader to Hitler

Israeli opposition leader Benjamin Netanyahu is comparing Iranian president Mahmoud Ahmadinejad to Adolf Hitler and likening Tehran's nuclear program to the threat the Nazis posed to Europe in the late 1930s.

The former premier, who leads the conservative Likud Party, repeated Israeli charges that Iran seeks to acquire nuclear arms. Tehran says it is pursuing nuclear energy for peaceful …

Herbs Boost Nation's Debt to Chicken Breasts

There's a second deficit facing the American people, one that isnot being recognized - the shortage of appealing chicken breastrecipes.

It's obvious from looking in the supermarket meat case, wherechicken breasts in various forms (from bone and skin on to bonelessand skinless) are heaped high, that the poultry cut is in big demand.

But though seemingly everyone wants to make the switch, eitherbecause chicken breast meat is relatively low in fat or because itcooks in minutes, it can be a sacrifice. Unfortunately, it's bland -and no one wants to give up flavor.

So it's time to stimulate our imaginations, put our seasoningsto work and create a positive …

Pemex to replace six old fuel vessels.

(ADPnews) - May 31, 2010 - Mexico's state oil monopoly Petroleos Mexicanos (Pemex) will get rid of six old fuel distribution vessels in the next months, planning to replace them with new ones for up to USD 35 million (EUR 28.5m), local daily El Economista reported, quoting Pemex's infrastructure plan.

The six …

Saturday, March 3, 2012

Ebbers will lose up to $45M.(Business)

Byline: ERIN McCLAM Associated Press

NEW YORK - A judge gave her blessing Monday to a settlement under which former WorldCom chief Bernard Ebbers will forfeit nearly all his cash and personal assets - as much as $45 million.

U.S. District Judge Denise Cote gave preliminary approval two days before Ebbers, 63, faces sentencing and almost certain lengthy prison time, on his criminal conviction in the WorldCom fraud.

The civil settlement, which springs from a suit filed by angry former investors in the toppled telecom, will leave a modest Mississippi home for Ebbers' wife and about $50,000 for her to live on.

"Basically we left them with their …

CUs Are Stepping To The Front On Financial Education Efforts.

WASHINGTON -- Credit unions have become one of the nation's leading providers of financial education, to youth, the elderly, low- and moderate-income families and individuals and to new immigrants, lawmakers reviewing the nation's financial literacy were told last week.

In fact, 94% credit unions surveyed by NAFCU recently said they offer some kind of financial education programs, Frank Pollack, president of Pentagon FCU, told the House Financial Services Committee subcommittee on Financial Institutions and Consumer Credit, during a routine oversight hearing.

The need for financial education was never greater than now, said Pollack, who was appearing on …