An anchor for Russia Today, an American network funded by the Russian government, resigned live on-air Wednesday in protest of that country’s ongoing intervention in the Ukrainian nation of Crimea.
Kiev, Ukraine (CNN) — Western powers increased pressure on Russia Wednesday to talk to the interim government in Kiev in a bid to ease tensions over Russia’s military intervention in Ukraine’s Crimea region.
Russia has been warned that, unless progress is made toward ending the high-stakes showdown, sanctions may be on the agenda when European Union leaders meet Thursday in Brussels, Belgium.
But the impact of sanctions, if they were imposed, might be felt by other countries, too. In a tit-for-tat move, Russian lawmakers are drafting a law that would allow Russia to confiscate assets belonging to U.S. and European companies if sanctions are slapped on Moscow, Russian state media reported.
Goodbye Steve Stockman
The Daily Beast says Rep. Steve Stockman (R-TX), likely to lose a GOP Senate primary in Texas, “practically bilked his donors by running the most unserious campaign in recent American history.”
“American politics has been rife with liars, crooks, and con artists ever since our country’s founding. But they invariably put in at least some effort to convince voters of their virtue and donors to cut a check. Stockman is different. He has failed to give Texans even the modicum of respect required to actively scam them. Stockman just may be the lamest, laziest grifter in the history of the United States and his departure from public life can only improve the political discourse in our country.”
Remember when President Obama was lambasted for saying “you didn’t build that”? Turns out he was right, at least when it comes to lots of stuff built by the world’s wealthiest corporations. That’s the takeaway from this week’s new study of 25,000 major taxpayer subsidy deals over the last two decades.
Titled “Subsidizing the Corporate One Percent,” the report from the taxpayer watchdog group Good Jobs First shows that the world’s largest companies aren’t models of self-sufficiency and unbridled capitalism. To the contrary, they’re propped up by billions of dollars in welfare payments from state and local governments.
Such subsidies might be a bit more defensible if they were being doled out in a way that promoted upstart entrepreneurialism. But as the study also shows, a full “three-quarters of all the economic development dollars awarded and disclosed by state and local governments have gone to just 965 large corporations” — not to the small businesses and start-ups that politicians so often pretend to care about.
In dollar figures, that’s a whopping $110 billion going to big companies. Fortune 500 firms alone receive more than 16,000 subsidies at a total cost of $63 billion.
These kinds of handouts, of course, are the definition of government intervention in the market. Nonetheless, those who receive the subsidies are still portrayed as free-market paragons.
US President Barack Obama has told his Russian counterpart Vladimir Putin that Russia has flouted international law by sending troops to Ukraine.
In a 90-minute telephone conversation, Mr Obama urged the Russian leader to pull forces back to bases in Crimea.
Mr Putin responded by saying that Moscow reserves the right to protect its interests and those of Russian speakers in Ukraine, the Kremlin said.
Meanwhile, Canada has recalled its ambassador to Moscow for consultations.
Ukraine put its armed forces on full combat alert and warned Russia that any military intervention in the country would lead to war.
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After a more than three-hour meeting with security and defence chiefs, Acting President Oleksander Turchinov said there was no justification for what he called Russian aggression against his country.
If Chris Christie, Scott Walker, John Kasich and perhaps Bobby Jindal—orthodox Republican-conservatives all—hope to run for president in 2016, they’ll may have to perform a tricky maneuver: winning the backing of the GOP’s mainstream, big-money donors, including the US Chamber of Commerce, while rallying the electoral support of ultraconservatives who support the floundering Tea Party movement. But it might turn out that the Tea Party isn’t so influential after all.
The Tea Party—the institutional Tea Party, not necessarily the bloc of the GOP electorate which identified with it—continues to have its difficulties, especially in the wake of the 2013 government shutdown. Yesterday, at a conference in Washington, DC, the Tea Party Patriots organization celebrated its fifth anniversary as a force in American politics, but it was decidedly a lackluster event, and even The Washington Times headlined that it is “struggling.”
WASHINGTON — Arizona Gov. Jan Brewer (R) announced her decision to veto legislation on Wednesday that would have allowed businesses to legally refuse service to anyone on “religious freedom” grounds, effectively allowing them to discriminate against same-sex couples.
When Jan Brewer is the most rational member of your state party, you have a real problem.
A new paper by researchers at the International Monetary Fund appears to debunk a tenet of conservative economic ideology — that taxing the rich to give to the poor is bad for the economy.
The paper by IMF researchers Jonathan Ostry, Andrew Berg and Charalambos Tsangarides will be applauded by politicians and economists who regard high levels of income inequality as not only a moral stain on society but also economically unsound.