Noontime News is a snapshot of our RSS feeds from the noon (Eastern time) hour.
“The White House will use President Barack Obama’s recess appointment powers to name Prof. Elizabeth Warren head of the Consumer Financial Protection Bureau if that is their only option, Rep. Barney Frank (D-MA) said Thursday.
Frank, the ranking member of the House Financial Services Committee, told reporters he “cannot believe” that the President told Sen. Mitch McConnell (R-KY) that he wouldn’t appoint anyone to head that agency, as some reports had indicated.”
“WASHINGTON (Reuters) – Employment rose far less than expected in May to record its weakest reading since September, while the jobless rate rose to 9.1 percent as high energy prices and the effects of Japan’s earthquake bogged down the economy.
Nonfarm payrolls increased 54,000 last month, the Labor Department said on Friday, with private employment rising 83,000, the least amount since June. Government payrolls dropped 29,000”
“DETROIT (Reuters) – Assisted suicide advocate Jack Kevorkian, known as “Dr. Death” for helping more than 100 people end their lives, died early on Friday at age 83, his lawyer said.
Kevorkian died at Beaumont Hospital in Royal Oak, Michigan, where he had been hospitalized for about two weeks with kidney and heart problems, said Mayer Morganroth, Kevorkian’s attorney and friend”
“A lawyer for former Senator and presidential candidate John Edwards said Friday that the Democrat has broken no law and that the Justice Department’s case against him was “unprecedented.”
“In the history of the federal election campaign law, no one has ever been charged, either civilly or criminally, with the claims that have been brought against Senator Edwards today,” former White House Counsel Greg Craig told reporters.”
GOP 2012 Presidential Candidates (and assorted others)
Sarah Palin Offers Novel Take On Paul Revere’s Ride (VIDEO)
George Allen Offers Emotional Apology For Macaca Incident
Presidential Contenders, Top GOPers Roll Into DC To Kiss Ralph Reed’s Ring
Trump Attacks Cantor Over Disaster Relief Funds
Romney Proposed Jail For Abortion Providers, Now Says No One Ever Talked About Criminal Sanctions
Mitt Romney: Reducing Global Warming Pollution Is ‘Important’
“Detroit’s major automakers are ready for Round Two in their battle with the Obama administration over fuel economy standards, and this time, they’re hoping new leverage will give them the punching power they need.”
Read More: Is The Auto Industry Out Of The Woods?
“B Lab is creating a new type of company, the B Corporation, which modifies governance so that managers respond to long-term interests of investors, stakeholders, and the environment, rather than just focusing on short-term profits.
In a Harvard Business School case study on B Lab, co-founder Coen Gilbert explained B Lab’s goals and approach to overcoming market barriers for social entrepreneurs.”
“A new study from the National Bureau of Economic Research found American children have a much higher illness rate than British children and that the origins of poor adult health can be traced back to childhood”
“For months, Republicans have been playing games with the nation’s debt ceiling, threatening to not raise it unless they receive various items off of an ever-shifting list of demands, including cuts to Social Security or cockamamie Constitutional amendments. The GOP even held a sham-vote on increasing the debt limit this week, explicitly designing it to fail and then using that failure to up their calls for concessions on the part of Democrats.
As we’ve been documenting, failure to raise the debt ceiling could have several adverse consequences, including threatening the fragile housing market and wiping out economic growth (depending on the duration of the stalemate). On that note, CAP’s Michael Ettlinger and Michael Linden found that failing to raise the debt limit for two months could cause a bigger GDP drop than that experienced during the Great Recession of 2008.”
Read More: What If We Don’t Raise The Debt Ceiling?
“Traditionally, a president will not nominate district court judges without consulting with a potential nominee’s home-state senators. Yet Arizona Senators John McCain (R) and John Kyl (R) appear to be absent from this process — despite a GOP-appointed chief judge literally begging them to step up.”
“NEW DELHI (Reuters) – India’s most famous yoga guru began a mass fast to the death on Saturday to demand reforms including the death penalty for corrupt officials in an anti-graft campaign that has undermined an embattled and scandal-tainted Prime Minister Manmohan Singh.”
“LIMA (Reuters) – Ollanta Humala appeared within striking distance of victory on Friday in Peru’s presidential election, roiling financial markets amid investor fears the left-wing candidate would expand state control of the economy.”
“Saleh remains defiant as violence grows with peaceful polls a remote prospect amid succession doubts”
Good News: Barney Frank: What I Read
“How do other people deal with the torrent of information that pours down on us all? What sources can’t they live without? To find out, we regularly reach out to well-informed people to learn more about their media diets. This is taken from a conversation with Rep. Barney Frank, the ranking Democrat on the House Committee on Financial Services. “
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