Alexandrovna: Bailout is Bush's legacy
Text of Draft Proposal for Bailout Plan — LEGISLATIVE PROPOSAL FOR TREASURY AUTHORITY TO PURCHASE MORTGAGE-RELATED ASSETS — Section 1. Short Title. — This Act may be cited as ____________________. — Sec. 2. Purchases of Mortgage-Related Assets.
Transgender woman wins sex discrimination case.
In a “potentially groundbreaking federal sex discrimination lawsuit,” a federal district judge in Washington, DC ruled yesterday that “the Library of Congress discriminated against Diane Schroer when it offered her a job and then rescinded it after learning she was transgendered.” This case is the first to hold that “the federal sex discrimination statute, Title VII of the 1964 Civil Rights Act, applies to transgendered people.” In his decision, Judge James Robertson compared Schroer’s case to religious discrimination:
Imagine that an employee is fired because she converts from Christianity to Judaism. Imagine too that her employer testified that he harbors no bias toward either Christians or Jews but only “converts.” That would be a clear case of discrimination “because of religion.” No court would take seriously the notion that “converts” are not covered by the statute.
In a “potentially groundbreaking federal sex discrimination lawsuit,” a federal district judge in Washington, DC ruled yesterday that “the Library of Congress discriminated against Diane Schroer when it offered her a job and then rescinded it after learning she was transgendered.” This case is the first to hold that “the federal sex discrimination statute, Title VII of the 1964 Civil Rights Act, applies to transgendered people.” In his decision, Judge James Robertson compared Schroer’s case to religious discrimination:
Imagine that an employee is fired because she converts from Christianity to Judaism. Imagine too that her employer testified that he harbors no bias toward either Christians or Jews but only “converts.” That would be a clear case of discrimination “because of religion.” No court would take seriously the notion that “converts” are not covered by the statute.
McCain Adviser Commits To Balanced Budget By 2013 — After Govt. Spends $900 Billion In Bailouts
Recent Fed and Treasury rescues of Bear Sterans, AIG, Fannie Mae, and Freddie Mac, total $900 billion in cost, according to CNBC. The federal deficit, now at $400 billion, will likely explode from the bailouts.
Sen. John McCain has proposed doubling Bush’s tax cuts, resulting in a deficit of $505 billion. On Thursday, in an interview with Tom Ashbrook, McCain adviser John Taylor said McCain could still balance the budget by 2013 after the bailouts:
Q: So has Sen. McCain changed at all his plans on tax cuts? Can you lay out these big bailouts and still have these tax cuts that he’s been promoting — the Bush tax cuts extended and more?
TAYLOR: Well you need to have tax cuts that focus on creating jobs and getting America going. … Sen. McCain wants to make sure the economy grows. He has a detailed plan to balance the budget by the end of his first term. It requires discipline to keep spending keep spending growth from being too rapid.
Recent Fed and Treasury rescues of Bear Sterans, AIG, Fannie Mae, and Freddie Mac, total $900 billion in cost, according to CNBC. The federal deficit, now at $400 billion, will likely explode from the bailouts.
Sen. John McCain has proposed doubling Bush’s tax cuts, resulting in a deficit of $505 billion. On Thursday, in an interview with Tom Ashbrook, McCain adviser John Taylor said McCain could still balance the budget by 2013 after the bailouts:
Q: So has Sen. McCain changed at all his plans on tax cuts? Can you lay out these big bailouts and still have these tax cuts that he’s been promoting — the Bush tax cuts extended and more?
TAYLOR: Well you need to have tax cuts that focus on creating jobs and getting America going. … Sen. McCain wants to make sure the economy grows. He has a detailed plan to balance the budget by the end of his first term. It requires discipline to keep spending keep spending growth from being too rapid.
Oil posts biggest 3-day gain since 1998 Oil prices rose almost 7 percent on Friday to cap their biggest three-day rally in a decade on expectations a sweeping U.S. government [corporate] bailout plan would boost liquidity across the battered financial markets.
Judge Approves Lehman, Barclays Pact A U.S. bankruptcy judge approved a revised version of British bank Barclays Plc's deal to purchase the core U.S. business of Lehman Brothers Holdings Inc.
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