Tuesday, December 8, 2009
Beware.......The Copenhagen climate summit.
The UN Copenhagen climate talks are in disarray today after developing countries reacted furiously to leaked documents that show world leaders will next week be asked to sign an agreement that hands more power to rich countries and sidelines the UN's role in all future climate change negotiations...Link
Garbage........
Senate Democrats have reached a "broad agreement" on a health reform bill, Majority Leader Harry Reid said Tuesday night — a plan that negotiators have said would create a new national health-care plan with private insurers, and a chance for older Americans to “buy in” to Medicare. Democrats on Tuesday night took a major step forward on a plan by agreeing to ask congressional scorekeepers to give them cost estimates on a possible compromise that would break the impasse on the public option in the Senate bill. The broad outlines of the deal had been discussed for days, but Democrats emerged from a closed-door session about 8 p.m. with news of the breakthrough. Some were reluctant to call it a deal until hearing back from the Congressional Budget Office about how much the proposed new provisions would cost...Link
Duel between Rep. Paul and Bernanke...
Rep. Ron Paul and Ben Bernanke are locked in a clash of titans. Paul, the 74-year-old House libertarian from Texas with the high-pitched voice, has fought for decades to kill off the Federal Reserve. Bernanke, the mild-mannered ex-Princeton professor and chairman of the bank, is waging a high-stakes battle for the Fed’s reputation. And he’s doing everything possible to knock out Paul. The fight is still in the early rounds. But with the full House expected to vote this week to give government auditors more power to scrutinize the Fed, Paul has the upper hand. The Senate is a much more difficult round for Paul, though a similar stew of liberal and conservative support is starting to simmer in the upper chamber behind the Republican’s wonky auditing measure...Link
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