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Lawmakers turn against anti-piracy bills amid huge Internet blackout

Dozens of Republican and Democrat Members of Congress voiced there opposition to two anti-piracy bills on Wednesday during the largest online protest in history. Even some lawmakers who had co-sponsored the legislation announced they would now vote against it. Thousands of sites joined in a blackout protest on Wednesday against…

Goldman Sachs profits plunge 47%

Banking titan Goldman Sachs on Wednesday reported a steep drop in profits for 2011, a fall of 47 percent from the prior year as the firm battled global economic headwinds. The New York-based bank, once famously described as a “great vampire squid” for its ability to make money, made $4.4…

Democrat seeks GOP names on Countrywide VIP loan list

WASHINGTON (Reuters) – The top Democratic member of a congressional oversight panel turned up the heat on its Republican chairman on Tuesday to identify the four GOP lawmakers who got special treatment in the controversial “Friends of Angelo” mortgage program run by the now-defunct Countrywide Financial Corp. Representative Elijah Cummings…

Court won’t add Perry, Gingrich to Virginia ballot

WASHINGTON (Reuters) – An appeals court on Tuesday rejected a request by candidates Rick Perry and Newt Gingrich to be added to the Virginia ballot in the state’s March 6 Republican presidential primary election, saying they knew the rules and failed to qualify. Former Massachusetts Governor Mitt Romney and congressman…

Obama taps businessman to lead budget office

WASHINGTON — President Barack Obama Tuesday named former businessman Jeff Zients to head his Office of Management and Budget, as the administration geared up for a new election-campaign-infused budget fight. “I’m pleased to designate Jeff Zients to lead the Office of Management and Budget,” Obama said in a statement announcing…

House to take up Stop Online Piracy Act in February

WASHINGTON (Reuters) – The House of Representatives will resume work next month on a controversial bill aimed at stopping online piracy of movies, music and other content, a leading lawmaker said on Tuesday. The anti-piracy legislation has been a top priority for entertainment companies, publishers, pharmaceutical firms and others, who…

Four arrests blemish peaceful ‘Occupy Congress’ rally

#OccupyCongress kicked off its first large, coordinated protest on Capitol Hill in several months today, but the first of two big events did not pass without controversy. As of the time of publication, there were four confirmed arrests marring a protest organizers tried to encourage participants to keep very peaceful.…

Gov. Christie signs syringe access bill to prevent spread of HIV/AIDS

New Jersey Gov. Chris Christie on Tuesday brought the state in line with the rest of the nation by permitting pharmacies to sell over-the-counter hypodermic needles. The governor signed a bill into law that allows pharmacies to sell hypodermic syringes and needles without a prescription in order to make these…

White House ups tax pressure on Romney

WASHINGTON — The White House Tuesday cranked up pressure on Republican front runner Mitt Romney to release his income tax records, as Democrats built a pre-election case against the millionaire former businessman. Romney is facing fire from top rivals for the Republican presidential nomination over his failure to so far…

Supreme Court rejects Internet speech cases

WASHINGTON — The US Supreme Court on Tuesday declined to take two cases involving three separate incidents involving free speech protection for public school students on the Internet. In all three cases students were punished for posting obscene and derogatory information on students or school officials by using their home…

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