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15 May 2010 20:25

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Biz, U.S.: The Senate’s financial reform bill trying to limit nickel-and-diming

  • 50¢ limits to ATM fees could be coming, too, guys source
Posted by Ernie Smith • 0 Comments • Permalink

14 May 2010 10:55

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Biz: Credit-card makers hit hard by the Senate’s debit-card changes

  • -8.5% decline in Visa’s stock since the Senate passed the changes last night
  • -7.5% decline in MasterCard’s stock; the amendment limits card fees source
  • » Other companies: Visa and MasterCard felt it the worst, but they weren’t alone. American Express and Capital One also fell sharply in trading this morning due to the amendment’s unexpected passage, which limits the fees card companies can charge merchants. It still needs to go through the House as part of the broader financial reform bill.
Posted by Ernie Smith • 0 Comments • Permalink

13 May 2010 20:59

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Biz, U.S.: The Senate wants to take the bite out of debit-card “swipe fees”

  • 64 senators voted to add the amendment to the financial reform bill
  • 65% of debit transactions
    will be affected by
    the changes
  • yes the bill will allow incentives for those who pay with cash source
  • » The addition, explained: Banks and other financial institutions charge fees for consumers to use debit cards. The fees aren’t significant for big-ticket retail chains but can hurt the bottom line of small businesses or those that specialize in selling lots of inexpensive items (say, 7-Eleven or McDonald’s). These fees can get passed down to the consumer as a result. The bill limits how much those fees can be, but leaves exceptions for banks with less than $10 billion in assets. Credit unions, by the way, are complaining loudly about these changes, in particular.
Posted by Ernie Smith • 0 Comments • Permalink

11 May 2010 09:58

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Politics: Old Elena Kagan: Supreme Court confirmations need to be tougher

  • 1995 Kagan wrote a paper while at the University of Chicago suggesting that Supreme Court nominees rarely got asked tough questions.
  • 2009 Kagan, a year before her own nomination, backed off her own tough stances. Who wants to bet they’ll come up? source
Posted by Ernie Smith • 0 Comments • Permalink

09 May 2010 22:24

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U.S.: Five reasons why Elena Kagan is an obvious SCOTUS pick

  • one She’s 50, exactly the right age to run for the court. She’d grow really old there.
  • two Loaded with a stellar resume he has an East Coast background, like other justices.
  • three She’s solicitor general. She already argues high court cases for Obama.
  • four She’s already faced the Senate already, meaning confirmation will be fairly easy.
  • five People have been talking about her getting the job like it’s already a given. source
Posted by Ernie Smith • 4 Comments • Permalink

09 May 2010 10:46

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U.S.: Bob Bennett out: In Utah, Republicans throw over one of their own

  • The political atmosphere, obviously, has been toxic and it’s very clear some of the votes that I have cast have added to the toxic environment. Looking back on them, with one or two very minor exceptions, I wouldn’t have cast them any differently even if I’d known at the time it would cost me my career.
  • Utah Sen. Bob Bennett • Regarding his shocking loss at the Utah Republican Convention, where he was ousted in favor of two fresh faces – Tim Bridgewater and Mike Lee, who will face each other in a June primary. Bennett, a three-term politician, is the first Utah senator ousted by his party since 1940. Fellow Sen. Orrin Hatch said he felt bad for his counterpart, “But you know, people are angry. They’re really upset at the way things are going and I think to a degree that’s what hurt him.” source
Posted by Ernie Smith • 0 Comments • Permalink

04 May 2010 11:17

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Politics: Sen. Arlen Specter’s party-changing ploy may be in trouble

  • 47% of primary voters plan on voting for our boy Arlen
  • 39% prefer Joe Sestak in May 18th’s Pennsylvania Democratic primary
  • 14% of voters are ready to give
    Arlen Specter fits source
Posted by Ernie Smith • 0 Comments • Permalink
 

03 May 2010 17:16

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Politics: Charlie Crist talked it out with Lieberman – it’s gonna be OK

  • 2006 After Connecticut Sen. Joe Lieberman got trashed in the
    2006 Democratic primary by
    Ned Lamont, he ran as an independent – and won, handily.
  • 2010 Facing a similar situation in
    a Florida Senate race, Gov. Charlie Crist took some advice from Lieberman, which led to his indie-leaning decision. source
Posted by Ernie Smith • 0 Comments • Permalink

29 Apr 2010 20:15

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U.S.: Charlie Crist goes indie, just bought his first Crystal Castles album

  • My decision to run for the U.S. Senate as a candidate without party affiliation says more about our nation and our state than it says about me. Unfortunately our political system is broken. I think we need a new tone in Washington.
  • Florida Gov. Charlie Crist • Who’s now an indie kid in the Florida Senate’s political race. (Though he went out of his way to say “independent.” WTF?) He loses a lot of backing by turning his back on Republicans, but polls suggest he has a much better chance of winning now that he’s out of the primary. The moderate got pushed out as part of a rightward lean by the party, who’s backing bizarro hippie favorite Marco Rubio. The New York Times suggests that Crist may suffer from that lack of infrastructure, though if Rubio or Democratic candidate Kendrick Meek can’t expand their collective bases, he’s the winner. source
Posted by Ernie Smith • 0 Comments • Permalink

29 Apr 2010 10:28

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Politics: Is Harry Reid pondering what we’re pondering?

The Senate Majority Leader can’t seem to make up his mind – first climate change was coming first, then immigration, now it’s climate change again. source
Posted by Ernie Smith • 0 Comments • Permalink
 
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