
Refreshed at 1:52 AM Pacific on Saturday, May 19th, 2012

Michael Baumgartner, current State Senator (6th-R) and opponent to Maria Cantwell, came to Western Washington University today to talk to students with slightly grammatically incorr... (read more)


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In Dimon’s reality distortion field, JPMorgan’s enormous bets weren’t anything like prop trading. The bank’s Chief Investment Office in London was just hedging—namely, trying to reduce the firm’s risk by putting on one position to neutralize an opposite position elsewhere in the portfolio. Hedging is permitted under the Volcker Rule. This hedge, Dimon says, just happened to go bad. JPMorgan’s own words and actions belie that explanation.
— An excerpt from Peter Coy’s The Hubris of Jamie Dimon
# (Thursday, May 17, 2012)

A group of experienced Republican operatives is collaborating with a right wing billionaire (who happens to own the Chicago Cubs) on an advertising campaign intended to destroy President Obama’s chances for reelection by attempting to link him with Jeremiah Wright.
# (Thursday, May 17, 2012)

Let’s just say it: The Republicans are the problem.
Thomas Mann and Norman Ornstein write: We have been studying Washington politics and Congress for more than 40 years, and never have we seen them this dysfunctional. In our past writings, we have criticized both parties when we believed it was warranted. Today, however, we have no choice but to acknowledge that the core of the problem lies with the Republican Party.
# (Wednesday, May 16, 2012)

I want to renegotiate what was accepted at a certain stage to give it the dimension of growth.
— France’s newly inaugurated President, Francois Hollande, at a news conference in Berlin with German Chancellor Angela Merkel.
# (Tuesday, May 15, 2012)

Pepsi, Coca-Cola, Dr Pepper see soda sales fall
The nation’s big three beverage makers continue to push back against attempts by public health officials to wean Americans off of unhealthy, sugary sodas, even as sales fall and the companies themselves raise prices on their products.
# (Tuesday, May 15, 2012)

Chase CEO Jaime Dimon has `zero’ credit in D.C., analyst says
Simon Johnson, a professor at the Massachusetts Institute of Technology and a former economist at the International Monetary Fund, talks about the outlook for JPMorgan Chase following the disclosure the company suffered a $2 billion trading loss.
# (Monday, May 14, 2012)

Republicans launch new SuperPAC targeting young voters
Kevin Bondelli of FutureMajority writes: I know that the initial reaction from many from the left is to laugh this effort off, but that would be a mistake. The right has already been trouncing the left for years when it comes to grooming their young talent, and if conservatives are serious about investing resources in youth outreach they could certainly do some damage. Democrats, liberals, and progressives need to realize that despite a pretty major head start, the Millennial generation can not be taken for granted. If we want to see large turnout with high Dem advantage from young voters, we need to invest in youth outreach. That funding and outreach can be the difference between election years like 2006/2008 and 2010.
# (Monday, May 14, 2012)

New York Times: Cutbacks hurt Washington State’s response to whooping cough
In Skagit County, which has been hit the hardest by the latest whooping cough outbreak, the local Public Health Department has half the staff it did in 2008. Preventive care programs, intended to keep people healthy, are mostly gone, the New York Times reports.
# (Saturday, May 12, 2012)





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