The Federal Reserve Open Market Committee (FOMC) has made it official: After its latest two day meeting, it announced its goal to devalue the dollar by 33% over the next 20 years. The debauch of the dollar will be even greater if the Fed exceeds its goal of a 2 percent per year increase in the price level.
Obama’s deep budget cuts will leave sailors short of ships
The Exelon Byron Nuclear Generating Station in Byron, Illinois, is one of 17 nuclear reactors at 10 sites in three US states. It is the nation’s largest operator of commercial nuclear power plants and third largest in the world. (Photo credit: JEFF HAYNES/AFP/Getty Images)
Exelon was working to restore operations at a nuclear reactor unit near Rockford, after a reactor went down Monday morning.
LOS ANGELES (CNS) – Joint military training exercises will be held evenings in downtown Los Angeles through Thursday, according to the Los Angeles Police Department.
The Supreme Court handed Texas Republicans a partial victory in a partisan fight over election redistricting that has erupted after a huge increase in the state’s Hispanic population.
Some point to his father’s birth in Mexico, grandparents citizenship
President Obama formally notified Congress on Thursday of his intent to raise the nation’s debt ceiling by $1.2 trillion, two weeks after he had postponed the request to give lawmakers more time to consider the action.
California Governor Jerry Brown introduces his state budget proposal at the State Capitol in Sacramento in this January 5, 2012 file photo. Brown pledged to cut the Gordian Knot of California government and reform the hopelessly overextended state, where the mortgage crisis lingers and unemployment is stuck in the double-digits; but has found it more difficult task than first thought.
Credit: Reuters/Max Whittaker/Files
Last summer, just days before California was required by law to pass a state budget, Republican State Senator Tom Harman got word that he’d been summoned to meet Governor Jerry Brown “right now.” Harman, a veteran legislator from conservative Orange County, hurried downstairs to the Horseshoe, the governor’s suite of offices in the state capitol building.
WASHINGTON– When Michelle Obama worked in Mayor Daley’s City Hall in the early 1990s, she was “distressed” by how a small group of “white Irish Catholic” families — the Daleys, the Hynes and the Madigans — “locked up” power in Illinois.
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