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Is the auto bailout Obama’s 2012 ‘secret weapon’?

There is speculation in political circles that the White House is preparing a PR offensive to raise the profile of one of its less widely-known successes, the bailout of the automotive industry. According to Politico, President Obama is joining forces with the Alliance for American Manufacturing and the United Autoworkers…

Newt Gingrich will run for president in 2012

WASHINGTON – Former House Speaker Newt Gingrich is running for president in 2012, ending months of speculation. The Associated Press reported Monday morning that the Georgia Republican will make the announcement Wednesday over Twitter and Facebook. Gingrich appeared to confirm it in a tweet saying, “Be sure to watch Hannity…

Obama blames speculators for rising U.S. fuel prices

WASHINGTON (Reuters) - U.S. President Barack Obama on Tuesday blamed speculators for driving gasoline prices higher and straining American consumers, saying there was enough oil in world markets to meet demand. Speaking at a community college in suburban Virginia, Obama said increasing production of U.S. oil and creating a market for fuel-efficient cars would…

Germany mulls sending spies to Wall Street

Many in Europe see currency speculation as ‘economic terrorism’ Germany’s finance minister says his government is considering sending spies to London and New York to monitor the activities of currency speculators. Finance Minister Wolfgang Schaeuble told the German Parliament on Tuesday that he may have to send spies to the…

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