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Oil prices drop at fastest rate in two years amid rapid sell-off

LONDON (AFP) – The plunge in oil prices accelerated on Friday, as dealers became nervous about the release of US jobs data later in the day, analysts said. Both main global contracts had posted gains in the morning as bargain hunters stepped in following Thursday’s sell-off that saw New York…

Ron Paul jokes: ‘I don’t want to use heroin’ so I need drug laws

Texas Rep. Ron Paul and former New Mexico Gov. Gary Johnson, who are both libertarian-leaning Republicans, defended drug legalization during the Fox News presidential debate on Thursday night. When questioned about why social conservatives should support him, Paul said they should vote for him because his defense of liberty includes…

Republicans beat up on Obama during first presidential debate

The Republican Party held its first debate of the 2012 presidential nomination Thursday night in South Carolina, broadcast on Fox News. The candidates competed over who could express the staunchest conservative principles and throw the hardest punch at the White House occupant they’d like to challenge. The significance of the…

Ron Paul ‘money bomb’ rakes in over $700K in one day

Money poured into an online “money bomb” fundraiser for Texas Rep. Ron Paul (R) on Thursday ahead of a Fox News Republican presidential debate. As of 7:00pm EST, the libertarian-leaning congressman had accumulated over $700,000, according to his website. A previous “money bomb” fundraiser in February raised around $700,000 for…

Rep. Paul Ryan blames town hall backlash on ThinkProgress

House Budget Committee Chairman Paul Ryan (R-WI) blamed the liberal blog ThinkProgress and others for some of the rowdy town hall meetings he recently faced. “My town halls were phenomenally, overwhelmingly supportive,” the congressman told Bloomberg. “And this was after – you know, it was reported by the media that…

Offshore drilling bill ‘decreases safety, increases Big Oil profits’

As gas prices reach $4 per gallon, the House passed legislation Thursday that would allow offshore drilling to expand, but an environmental watchdog says the bill will not help bring down gas prices and would weaken government oversight. “It’s astounding enough that the House would even consider expanding offshore drilling…

David Koch: ‘Hardcore socialist’ Obama is ‘scary to me’

Oil baron David Koch has made it clear he is no fan of President Barack Obama, but Wednesday night he provided a fresh reason for his anti-Obama views: the president is frightening. Obama is “a hardcore socialist,” Koch told the New York Magazine at a spring ball, “and he’s marvelous…

Gay GOP group denounces gay Republican candidate as ‘a bad joke’

WASHINGTON – The nation’s best-known group representing gay conservatives fiercely denounced and dismissed gay GOP presidential candidate, Fred Karger of California. “Fred Karger’s candidacy is a bad joke. He is not a credible candidate,” GOProud‘s executive director Jimmy LaSalvia told Raw Story in an email. “For one, I’ve never heard…

Democratic lawmaker introduces LGBT-inclusive immigration reform bill

Rep. Mike Honda (D-CA) wants to do something about the nearly 6 million people that have been separated from their spouses, minor children, sisters or brothers for years because of an immigration backlog. The congressman announced Thursday that he was introducing the Reuniting Families Act (H.R. 2709) to reform the…

Republican push to privatize Medicare unraveling

WASHINGTON – Americans concerned about the future of Medicare can breathe a sigh of relief: recent developments on Capitol Hill suggest Republicans are easing up in their push to turn the program into a voucher system. The proposal is a non-starter in the Senate, and unlikely to survive President Barack…

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