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...another sign of strains in the Texas GOP that Bush will find upon his return home, Midland's second most famous politician, conservative Texas house speaker Tom Craddick, was recently ousted from his leadership position. A 38-year veteran of the state legislature, Craddick assumed the speakership in 2003, the first Republican since Reconstruction to do so. He went on to play a key role in the infamous Tom DeLay-orchestrated mid-decade redistricting battle, which shifted the balance of power in the congressional delegation to the Republican side. Ruling with an iron fist, he alienated a small group...
...value relative to the dollar (exactly what some critics seek) if the Chinese did repatriate more of the money they earn via exports instead of reinvesting those dollars back into Treasuries. But the Chinese, despite some scary stories that have circulated to the contrary, show absolutely no sign of doing that. In November, the last month for which data is available, Beijing actually added $29 billion to its overall position in U.S. debt. (Beijing sold $9.2 billion of long-term U.S. Treasuries in November but bought $38.2 billion of short-term government notes.) Indeed, part of the reason short-term...
...abortion rights in their country. It is an action his abortion-rights supporters have waited eight years for and one they had encouraged him to waste no time taking. But by first issuing a statement urging support for common-ground efforts to reduce abortion rates and then waiting to sign the Executive Order late on a Friday afternoon - a time traditionally reserved for the release of information an Administration would like to bury - Obama sent a clear signal that he wants to turn down the heat on an issue that has defined and divided American politics for more than three...
Monday sees the arrival of the Chinese lunar New Year and the onset of the Year of the Ox. But Shanghai residents who had been counting on the bovine astrological sign to usher in a bull market are likely to be disappointed. Contrary to its placid and solid reputation, this year's ox is an altogether different beast, say soothsayers in China's financial capital...
...also pledged to, at their request, meet with House Republicans next week, so they can propose their ideas for the package. Despite the growing rumblings of both parties in the Senate, majority leader Harry Reid on Wednesday reiterated his pledge that Obama will have a bill to sign into law by President's Day on Feb. 16. But the question remains: Whose arms will the postpartisan President have to twist the hardest, Republicans' or Democrats...