In light of a $700 billion government bailout and the collapse of storied Wall Street giants, the mere $50 billion that Bernard Madoff, well, made off with, seems like chump change, right?
Today, the Obama girls started classes at their new school, the private Sidwell Friends in Washington, D.C. We all remember the mix of terror, excitement and dread of the first day at a new school. Who will I sit with at lunch? Where's my next class? Why are they all staring at me?
Pay-for-play. Payola. Quid pro quo. You scratch my back, I'll scratch yours ...you get the idea.
President George W. Bush is leaving with one of the lowest approval ratings in the history of numbers. During his final months on the job, the controversial commander-in-chief has given several interviews that have revealed how he views his legacy. Here are some highlights...
Live from New York, it's time to mock the disabled!
The second was, "Who would buy it?"
So it wasn’t a high-speed freeway chase in a white Bronco, but O.J. Simpson's day in court certainly delivered on the drama.
Way back in September 2007, before she was President-elect Obama's nominee for Secretary of State, Hillary Clinton sat down for an interview with Yahoo! News. She was expecting an interview with Charlie Rose. To her surprise Rose punted to comedian Bill Maher, who asked her about her Iraq War vote: "George Bush fooled you; why should Americans vote for someone who can be fooled by George Bush?"
On January 20th, all eyes in the political world will be focused on Barack Obama. He'll be the one taking the oath of office in some boring suit and tie.
Disgraced former New York governor Eliot Spitzer is back in the headlines, though this time he's the one writing them.
This week’s news that we’re now officially in a recession and have been for a year may come as no surprise to those of you who have been reading newspapers, watching TV, or had a conversation with another working American in the last few months.
Sen. Hillary Clinton's nomination for secretary of state in the Obama adminstration, as Reuters points out, "caps a year of dreams and disappointments for her often fervent supporters: Would the New York senator and former first lady be president? No. Would she be vice-president? Nope."
While a lot of us may have watched the presser wondering how Obama plans on controlling Bill once Hillary takes the helm at the State Department, we might want to take a look at some of the others flanking the president-elect, as they'll be joining the national security team too.The other big name in the line-up was Secretary of Defense Robert Gates. He's keeping his current gig, a job he got almost two years ago when Don Rumsfeld vacated the Pentagon.
Following is the transcript of President-elect Barack Obama's Monday national security team announcment, as prepared for delivery:
Like many a Barbara Walters interview, some of the most revealing moments of her sit down with Barack and Michelle Obama were the unscripted ones.
We hope President-elect Obama is able to get some rest this Thanksgiving weekend (we assume that will be out of the question Thursday, what with 60 guests in his Chicago home and all), because next week he will go into high gear with a slew of expected cabinet announcements.
Courtesy United Airlines
Following is the transcript of President-elect Barack Obama's Tuesday economic team announcment, as prepared for delivery:
Sure, his presidential flexing has been in terms of the economy and not Iran, what his original comment referred to, but still. It's exciting to watch the puzzle pieces fall into place, with new information coming daily.
Following is the transcript of President-elect Barack Obama's economic team announcment, as prepared for delivery.
In recent days, the Bush administration announced new rules to speed oil shale development across 2 million rocky acres in the West. It scheduled an auction for drilling rights alongside three national parks. It has also set in motion processes to finalize major changes in endangered species protection, allow more mining waste to flow into rivers and streams, and exempt factory farms from air pollution reporting.
Coming soon to a bookstore near you... Sarah Palin's memoirs?
Some husbands send flowers. Some buy chocolate. In the Hillary-Bill relationship, he gives up sources of foreign income and names of donors to show his support.
Pirates in Somalia are at it again. Over the weekend they claimed their biggest prize to date: a Saudi oil tanker the size of three football fields, laden with $100 million in crude oil.
Speculation has been steadily mounting over whether President-elect Barack Obama will offer the secretary of state post to his campaign rival Hillary Clinton.
President-elect Obama gave his first TV interview since winning the 2008 election, telling "60 Minutes" correspondent Steve Kroft, "I'm not sure it's sunk in yet."
You can call it the Camelot effect or maybe it's just that people are nosy. Whatever it is, people can't stop searching for information about the Obama family, not just the immediate first family, but the extended family as well.
Fox News host Bill O'Reilly (or "Papa Bear," as Stephen Colbert has branded him) braved the wilds of the "Daily Show with Jon Stewart" last night and the result was ... a pleasant discussion. There was even hot cocoa and a Mr. Snuggles stuffed animal involved!
If you've stopped watching the news since the election, you've missed a lot of talk from Gov. Sarah Palin.
When President George W. Bush and President-elect Barack Obama met for the first time in front of the White House, they didn’t take questions from reporters. But as far as body-language experts were concerned, the two men said volumes.