In the news…
1. In an effort to placate his left wing liberal base, Obama has decided to shelve the Keystone Pipeline Project, costing thousands of jobs. Environmental groups celebrated the move. The jobless… well, that’s another story.
2. Hollywood studio chiefs individually and as a group are drawing a line in the sand on the piracy issue with the Obama re-election campaign and refusing to give any more donations. The blowup came after President Obama on Saturday dashed moguls’ hopes that he would remain on the sidelines in the dispute over the U.S. House Of Representatives’ Stop Online Piracy Act and the U.S. Senate’s Protect IP Act.
3. A peek into the future… The Treasury on Tuesday started dipping into federal pension funds in order to give the Obama administration more credit to pay government bills. “I will be unable to invest fully” the federal employees retirement system fund beginning Tuesday, Treasury Secretary Timothy Geithner said in a letter to Democratic and Republican leaders in Congress.
Courtesy: John Paulus
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