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Category: breaking news

Breaking: Simpson Found Guilty Of Armed Robbery…

4 October, 2008 (01:59) | breaking news, law, media, news, opinion | By: Catherine Morgan

Breaking:  O.J. Simpson Found Guilty (of all 12 counts) In Armed Robbery.  Thirteen years to the day, of Simpson being acquitted of murder…Simpson will most likely receive a minimum of 15 years or a maximum of life.

From The Associated Press

A court official says the jury has reached a decision in the O.J. Simpson armed robbery and kidnapping trial in Las Vegas.

Court spokesman Michael Sommermeyer says the verdict will be read around 10 p.m. in Clark County District Court.

The 61-year-old former football star and a golfing buddy, 54-year-old Clarence “C.J.” Stewart, were tried on 12 criminal charges in the alleged gunpoint robbery of two sports memorabilia dealers in a casino hotel room last year.

Each faces five years to life in prison if convicted of kidnapping, or mandatory prison time if convicted of armed robbery.

The jury of nine women and three men deliberated more than 13 hours Friday.

Boston Herald

O.J. Simpson has been found guilty on all charges in the alleged gunpoint robbery of two sports memorabilia dealers in a Las Vegas casino hotel room more than a year ago.

Simpson faces a prison sentence of 15 years to life.

Breaking: Congress Passes Bailout Bill

3 October, 2008 (13:52) | Barack Obama, breaking news, Bush, democrats, economy, election, foreclosure, GOP, John McCain, money, news, Obama, politics, recession, Republicans, Sarah Palin | By: Catherine Morgan

The Bailout Bill has just passed.   I will include more links and video to this post as I get it.  Until then, what do you think?

From The Associated Press..

With the economy on the brink and elections looming, Congress approved an unprecedented $700 billion government bailout of the battered financial industry on Friday and sent it to President Bush for his certain signature.

The final vote, 263-171 in the House, capped two weeks of tumult in Congress and on Wall Street, punctuated by daily warnings that the country confronted the gravest economic crisis since the Great Depression if lawmakers failed to act.

I will continue to update this post.

UPDATE:

Let’s talk about the pork…

Speaker Pelosi on the passage of the Bailout Bill…

President Bush responds to congress passing Bailout Bill…

Ron Paul spoke against this Bailout before the House vote…

Vice Presidential Debate – See Full Video Here

2 October, 2008 (23:18) | Barack Obama, Biden, breaking news, Bush, debate, democrats, economy, election, election 2008, feminism, government, Iraq, John McCain, media, news, Obama, opinion, politics, Republicans, Sarah Palin, video, war, women, working moms, youtube | By: Catherine Morgan

Here is the full video of the Vice Presidential Debate (it starts at about 34 seconds in). Compliments of the C-SPAN: Debate Hub.  What did you think? Who won the debate? Did Palin actually answer any questions? Let me know what you think in comments.

Senate Passes $700 Billion “rescue” Bailout Bill

1 October, 2008 (23:41) | Barack Obama, breaking news, Bush, democrats, economy, election, election 2008, foreclosure, John McCain, money, NOW, Obama, opinion, politics, Republicans, Sarah Palin, video, youtube | By: Catherine Morgan

The Senate has just passed the $700 billion dollar bailout bill.

Sen. Bill Nelson (D-FL) speaks on the Senate floor, in opposition to the $700 billion bailout.

Senate passes $700 Billion “rescue” Bailout Bill

After one spectacular failure, the $700 billion financial industry bailout found a second life Wednesday, winning lopsided passage in the Senate and gaining ground in the House, where Republicans opposition softened.

Senators loaded the economic rescue bill with tax breaks and other sweeteners before passing it by a wide margin, 74-25, a month before the presidential and congressional elections.

From The Swamp

In a rare show of bipartisan spirit, both of the presidential candidates also have lent their support to the measure. And both left the campaign trail to lend their votes to passage of the Senate bill.

Read more »

Breaking: House Rejects $700 Billion Bailout Bill

29 September, 2008 (14:30) | breaking news, democracy, democrats, economy, election, election 2008, foreclosure, government, John McCain, news, opinion, politics, Republicans | By: Catherine Morgan

From Market Watch

The U.S. House rejected on Monday a proposed $700 billion financial bailout package supported by the Bush administration, the Federal Reserve and the congressional leadership of both parties. The vote was 205 for and 228 against. The rejection of the plan could mean disruption in financial markets and another attempt by officials to craft a compromise plan that will get a majority vote. The administration had been pushing for quick movement on the bailout, which officials have warned is necessary to avert serious consequences for markets and the economy. Some critics said the plan was a giveaway to the very companies that created the crisis, while others said it amounted to socialism.

UPDATES

From The New York Times

In a moment of historic drama in the Capitol and on Wall Street, the House of Representatives voted on Monday to reject a $700 billion rescue of the financial industry.

From The Moderate Voice

In a major upset, the US House of Representatives has voted against passage of the $700 billion bailout bill. The vote was 228-205 against. Democrats voted 141-94 in favor of the measure while Republicans voted 131-67 in opposition to the proposal. There are now discussions as to whether or not a new vote sometime later today.

Reacting to the news, the Dow Jones is down by a range of 400-600 points. At one point the drop was over 700 points so it does seem that the market is stabilizing somewhat.

Henry Paulson is disappointed about rejected bailout…

Rachel Maddow…

From The Associated Press…

A White House spokesman says President Bush is very disappointed in Monday’s House vote rejecting the administration’s rescue plan for the nation’s financial industry.

“There’s no question that the country is facing a difficult crisis that needs to be addressed,” said spokesman Tony Fratto. He said the president will be meeting with members of his team later in the day “to determine next steps.”

Bush is “very disappointed” with the vote, Fratto said.

Erin Kotecki Vest from BlogHer – Bailout Measure FAILS House Vote

Here is Nancy Pelosi on a failed free market…

See Full Video Of Presidential Debate

27 September, 2008 (00:57) | Barack Obama, breaking news, debate, democrats, economy, election, election 2008, government, healthcare, Iraq, John McCain, news, Obama, opinion, politics, Republicans, video, war, youtube | By: Catherine Morgan

Here is the full video of John McCain and Barack Obama’s first presidential debate…

What did you think? Who Won? Let me know in comments.

Bailout: Deal or No Deal??? Can McCain Save Economy?

25 September, 2008 (17:28) | Barack Obama, breaking news, Bush, democrats, economy, election, election 2008, foreclosure, GOP, government, John McCain, media, news, opinion, politics, recession, Republicans, video, youtube | By: Catherine Morgan

Historic Bailout of Financial Industry is near.  Or is it?  John McCain is talking to the president right now, and I am sure he will have this whole economic meltdown thing straitened out very soon. Well, I’m not entirely sure.

See AP Video…

Video of McCain’s photo-op, with President Bush and Barack Obama.  McCain suspended his campaign and hopes to delay tomorrow’s debate so he can save our economy with photo-ops?  I wonder how that’s workin out for him?

Read more »

See Full Video Of Bush On Economic Crisis

25 September, 2008 (02:52) | breaking news, Bush, economy, election, election 2008, foreclosure, GOP, government, money, news, politics, recession, video | By: Catherine Morgan

Here is the video of President Bush addresses the nation on the U.S. economic crisis and discusses plans to solve it…

McCain Suspending Campaign – Press Conf. Video

24 September, 2008 (15:55) | breaking news, debate, economy, election, election 2008, GOP, government, John McCain, media, news, opinion, politics, Republicans, video, youtube | By: Catherine Morgan

Here is the press conference by John McCain announcing he will suspend his campaign and delay debate…

McCain To Suspend Campaign & Delay Debate (video)

24 September, 2008 (15:41) | Barack Obama, breaking news, debate, democrats, economy, election, election 2008, foreclosure, GOP, government, John McCain, media, news, Obama, opinion, politics, recession, Republicans, Sarah Palin, video, youtube | By: Catherine Morgan

McCain to suspend campaign and delay debate to solve the economic crisis???

From Associated Press

Republican John McCain says he’s directing his staff to work with Barack Obama’s campaign and the debate commission to delay Friday’s debate because of the economic crisis.

In a statement, McCain says he will stop campaigning after addressing former President Bill Clinton’s Global Initiative session on Thursday and return to Washington to focus on the nation’s financial problems.

What is going on????  Does McCain think he can ride in on his white horse and seemingly fix the economy???   Is this political theater???