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Jon Huntsman: Shared sacrifice needed in this country

Republican presidential candidate and former Utah Gov. Jon Huntsman said Thursday on PBS NewsHour that “people at all levels” would have sacrifice to repair America’s budget problems. “Whether it’s recognizing that Medicare is going to be done a little differently; Social Security is going to be done a little differently,”…

JPMorgan fined for contravening Iran, Cuba sanctions

WASHINGTON — JPMorgan Chase Bank has been fined $88.3 million for contravening US sanctions against regimes in Iran, Cuba and Sudan, and the former Liberian government, the US Treasury Department announced Thursday. The Treasury said that the bank had engaged in a number of “egregious” financial transfers, loans and other…

U.S. government recovers nearly $900 million in TARP bailout

WASHINGTON — The US Treasury said Thursday it had recovered nearly $900 million during the first six months of the year in taxpayer money used to bail out the banking system during the financial crisis. The Treasury said it had received more than $886 million by June 30 from the…

Leaked cable: Incognito U.S. diplomat probed China tiger farm

WASHINGTON — A US diplomat disguised himself as a Korean tourist to probe a tiger farm in China where he voiced alarm at conditions that included whippings of the endangered big cats, a leaked memo said. An internal US diplomatic cable, released by the activist anti-secrecy website WikiLeaks, questioned the…

Poll: Obama, GOP disapproval ratings hit record highs

New polling data from the Pew Research Center shows that President Barack Obama’s disapproval rating has reached a record high of 49 percent, up 7 percent since Feb. The Republican Party, meanwhile, is doing even worse: data shows their disapproval rating up to 59 percent, an increase of 11 percent…

‘Mein Kampf’ tattoo ignites firestorm for Boston PBS station

WGBH, a public media hub in Boston, is drawing unwanted attention after choosing to put the subject of a Frontline documentary — and the “Mein Kampf” tattoo on his forearm — on the cover of their August member magazine, distributed to 150,000 members of the station. David Nash appears in…

Americans blame Bush for economic woes: poll

Americans blame the 33rd president, George W. Bush, for the state of the economy more than they blame President Barack Obama, results of an AP-GfK poll released Thursday showed. While 31 percent of those surveyed blame Obama, the majority — 51 percent — pointed at Bush as the reason for…

Sanders: Strengthen Social Security by taxing large incomes

A forthcoming bill to be proposed by Sen. Bernie Sanders (I-VT), the only Democratic Socialist in the U.S. Senate, would make incomes above $250,000-a-year subject to the payroll tax, a move he says will make the nation’s most beloved social safety net program, Social Security, significantly stronger. The current payroll…

Madoff: Insider trading rife on Wall Street

Bernard Madoff, who ran one of the biggest Wall Street frauds in history, says that many of his former colleagues in the financial industry are also crooks. In a prison interview with Fox Business Network published Thursday, the Ponzi scheme mastermind claimed that insider trading “goes on at every major…

Cafferty: Why are GOP voters are ‘allergic to brains?’

CNN’s Jack Cafferty asserted Wednesday that “intellectual lightweights” Rep. Michele Bachmann and Gov. Rick Perry were “sucking up most of the media’s attention, mostly for saying stupid stuff.” “If Palin runs, we’ll have yet another Mensa candidate to join Bachmann and Perry,” Cafferty worried. “When it comes to presidential politics,…

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