At Least 43 Things God Hates

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EU: "Contagion has spread across the markets"

Two French banks were downgraded Wednesday and two are on review. Questions about a Greek default soon to be answered. Amplify’d from www.reuters.com European finance ministers have been warned confidentially of the danger of a renewed credit crunch as a "systemic" crisis in euro zone sovereign debt spills over to banks, according to documents obtained by Reuters on Wednesday. In a report prepared for ministers meeting in Poland on Friday and Saturday, senior EU officials said the 17-nation currency area faces a "risk of a vicious circle between sovereign debt, bank funding and negative growth." "While tensions in sovereign debt markets have intensified and bank funding risks have increased over the summer, contagion has spread across markets and countries and the crisis has become systemic," the influential Economic and Financial Committee said. The report highlighted European policymakers' challenge to restore confidence as the leaders of Germany,
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2011 State of the Union Address Aimed at the American People

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President Obama at a 2008 Oct. 31 campaign rally in Highland, Indiana Speech Highlights Pres. Obama as Common Sense Leader and Unifier "The idea of America endures. Our destiny remains our choice..." 44th President of the United States, Barack Obama, during his 2011 State of the Union Address The 2011 State of the Union speech addresses rough economic times from the standpoint of everyday Americans. Pres. Obama stresses planning for the future of America, tackling the debt and using our freedoms responsibly. In spite of strong phrases and talking points from either side of the process, President Obama, in his 2011 State of the Union address, explained that vigorous debate is a part of our American democratic process. It is normal and healthy and shows that our process is working. He explained that change is coming in the country and the American people have to be a part of new jobs and industry taking root in our country. As president, Obama is exposed to infor
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Obama Administration Finalizes Historic 54.5 mpg Fuel Efficiency Standards

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Consumer Savings Comparable to Lowering Price of Gasoline by $1 Per Gallon by 2025 WASHINGTON, DC – The Obama Administration today finalized groundbreaking standards that will increase fuel economy to the equivalent of 54.5 mpg for cars and light-duty trucks by Model Year 2025.  When combined with previous standards set by this Administration, this move will nearly double the fuel efficiency of those vehicles compared to new vehicles currently on our roads. In total, the Administration’s national program to improve fuel economy and reduce greenhouse gas emissions will save consumers more than $1.7 trillion at the gas pump and reduce U.S. oil consumption by 12 billion barrels. “These fuel standards represent the single most important step we’ve ever taken to reduce our dependence on foreign oil,”  said President Obama . “This historic agreement builds on the progress we’ve already made to save families money at the pump and cut our oil consumption.  By the middle of the n
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