In a reaction to economic sanctions pushed by the United States, Iran today stopped exporting oil to six European nations. President Mahmoud Ahmadinejad said the nation would no longer sell oil to Greece, France, Italy, Spain, the Netherlands and Portugal. Also, he appeared on TV to announce that an underground bunker complex for uranium enrichment needed to create nuclear energy is now fully operational.
At first glance, the $25 billion deal reached last week between state attorneys general and five major banks to provide mortgage relief to homeowners sounds like a good thing. In reality, though, it’s a case of bait and switch in which the banks get off too easily.
Perhaps sensing they were losing the public perception battle, House Speaker John Boehner and Majority Leader Eric Cantor on Monday agreed to extend the payroll tax cut for another 10 months without getting offsetting reductions elsewhere in the budget. The action is a victory for President Obama, who opposed the GOP’s attempts to force pay cuts for federal workers and require them to contribute more to their pensions.
If you need to do some research, post on Facebook or look at online porn (c’mon, we know you do it), you had better get it done before March 31.
That’s when the global computer hacking group known as Anonymous — or someone claiming to represent it — allegedly plans to launch “Operation Global Blackout.” To protest efforts by corporations and governments to restrict access to some material on the internet, the hacktivists plan to shut the web down, maybe just for an hour or perhaps much longer.
The wife of an Israeli diplomat in India and her driver were injured Monday when the car they were traveling in was bombed, while another bomb was defused outside an Israeli embassy in Tblisi, Georgia. Israeli Prime Minister Benjamin Netanyahu blamed Iran, which he called “the greatest exporter of terror in the world.”
It’s a good thing her last name begins with a “W.”
The Enquirer on Sunday published a high-profile, above-the-fold list of the “20 Professional Women to Watch in 2012.” And, lo and behold, one of the people making the cut was Carolyn Washburn, the editor and vice president at the media company.
A prominent Republican congressman is under investigation for insider trading. U.S. Rep. Spencer Bachus (R-Ala.), who heads the House Financial Services Committee, is being probed by the Office of Congressional Ethics for making suspicious trades and buying certain stock options while helping oversee the nation’s banking and financial services industries.