In the weeks ahead, President Obama and congressional Democrats are determined to make one final drive to pass health care reform legislation. If they fail, the goal of federal-level health care reform that aims to insure everyone is unlikely to be revived for many years. Continue reading Look for Democrats to Give Health Care Reform “the Old College Try” Look for Democrats to Give Health Care Reform “the Old College Try” originally appeared on DailyFinance on Mon, 08 Mar 2010 15:30:00. Filed Under: Healthcare Permalink | Tweet this! | Comments

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A daily look at legal news and the business of law : President Obama Could Sue Limbaugh for Libel and Defamation, and Likely Win With America’s Free Speech rights, libel and defamation cases are hard to win, particularly when the comments’ target is a public figure. That’s why celebrities always bring libel cases in the U.K.’s more accommodating courts . Nonetheless, it seems Rush Limbaugh may have gone far enough in his attacks on President Obama to meet the tough American standards. Limbaugh claimed, among other inflammatory things suggesting that Obama is a failure that other people always covered for, that Obama didn’t write his own law review article while at Harvard Law. Continue reading Latest Legal News: Should Obama Sue Rush for Defamation? Latest Legal News: Should Obama Sue Rush for Defamation? originally appeared on DailyFinance on Sat, 06 Feb 2010 12:45:00. Filed Under: Economy Permalink | Tweet this! | Comments

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Toyota Motor Corp. ( TM ) President Akio Toyoda finally broke his silence as the Japanese automaker struggles with massive recalls and serious damage to its reputation. At a Friday news conference, Toyoda, apologized to customers for recalls involving some of its most popular models. Continue reading Toyota Chief Breaks Silence, Apologizes for Recalls Toyota Chief Breaks Silence, Apologizes for Recalls originally appeared on DailyFinance on Fri, 05 Feb 2010 07:05:00. Filed Under: Company News , Toyota , Autos Permalink | Tweet this! | Comments

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On Thursday, President Obama and Vice President Biden announced the recipients of almost $8 billion in stimulus grants that are designed to begin development of high-speed rail (HSR) networks. The money will go to 13 “travel corridors,” and will include lines in Oregon-Washington-Canada, California, Wisconsin-to-Chicago, Iowa, Detroit-to-Chicago, St. Louis-to-Kansas City, St. Louis-to-Chicago, Cleveland-to-Cincinnati, Texas, Tampa-to-Orlando, Charlotte-to-Washington, and the Northeast Corridor. Continue reading Obama’s Rail Plan: A Drop in the Bucket Obama’s Rail Plan: A Drop in the Bucket originally appeared on DailyFinance on Sat, 30 Jan 2010 14:00:00. Filed Under: Technology , Economy Permalink | Tweet this! | Comments

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As many Americans hoped — and expected — President Obama made job growth the centerpiece of his first State of the Union address Wednesday: “Jobs must be our number one focus in 2010.” He called for a host of tax breaks and incentives to stimulate jobs growth, especially for small businesses. Continue reading Obama Wants to Fuel Job Growth Via Breaks for Small Business Obama Wants to Fuel Job Growth Via Breaks for Small Business originally appeared on DailyFinance on Wed, 27 Jan 2010 23:00:00. Filed Under: Economy Permalink | Tweet this! | Comments

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Obama Wants to Fuel Job Growth Via Breaks for Small Business

In his first State of the Union address, President Barack Obama pledged to forge ahead with his ambitious domestic agenda despite his decreasing popularity and increasingly dicey political waters heading into the key 2010 congressional races. During a lively speech before Congress, Obama declared that job growth would be “the number one focus” of his second year in office, and he defended his government’s $787 billion stimulus package. In a speech designed to reset his political agenda — and indeed recalibrate expectations for his success — Obama told the country that “despite our hardships, our union is strong.” Continue reading Obama Stakes His Presidency on Job Growth Obama Stakes His Presidency on Job Growth originally appeared on DailyFinance on Wed, 27 Jan 2010 23:45:00. Permalink | Tweet this! | Comments

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Facing voter anger over mounting budget deficits, President Barack Obama will ask Congress to freeze spending for some domestic programs for three years beginning in 2011, administration officials said Monday. Separately, Obama unveiled plans to help a middle class “under assault” pay its bills, save for retirement and care for kids and aging parents. Continue reading Obama to Seek Freeze on Part of U.S. Budget Obama to Seek Freeze on Part of U.S. Budget originally appeared on DailyFinance on Mon, 25 Jan 2010 21:04:00. Filed Under: Economy Permalink | Tweet this! | Comments

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Blogging as a form of journalism is still new enough that the ethics of it are still being worked out. And blog ethics can be a particularly treacherous area for those who wander into it unawares — as one New York City publicity executive did last week. On Jan. 14, Katherine Rothman, CEO of KMR Communications , sent a mass email to bloggers and other editors who cover beauty, fashion, health and fitness. “I would like to make an offer to you that could be mutually beneficial in the event that this is of interest,” Rothman wrote. Writers, she continued, often find themselves covering “smaller or emerging companies” that lack PR representation. “My offer is this: if you recommend a prospective client to our firm and they sign a contract with us, I would in turn provide you with a generous finder’s fee.” Continue reading Finder’s Fee or Bribe? A Case Study in Blogger Ethics Finder’s Fee or Bribe? A Case Study in Blogger Ethics originally appeared on DailyFinance on Fri, 22 Jan 2010 13:50:00. Filed Under: People , Media Permalink | Tweet this! | Comments

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Finder’s Fee or Bribe? A Case Study in Blogger Ethics

As the stock market continues its decline following President Obama’s new banking proposals , the debate over whether the measures will work out as intended is soaring. Where some see the proposals as a small step in the right direction, others predictably warn they might be counterproductive by placing more hurdles on lending. But investors would be wise to look beyond the narrow debate about the few details that have so far been presented, and instead evaluate the broader political backdrop. And reading those tea leaves reveals the picture of a beleaguered White House desperately in need of ideas how to deal with the current problem: continuing job destruction. Continue reading Obama’s Refocus on Banking Reform Is Too Little, Too Soon Obama’s Refocus on Banking Reform Is Too Little, Too Soon originally appeared on DailyFinance on Fri, 22 Jan 2010 14:55:00. Filed Under: Economy Permalink | Tweet this! | Comments

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Obama’s Refocus on Banking Reform Is Too Little, Too Soon

The viability of President Obama’s proposals on bank reform remains to be seen as they pass through Congress, but they send an undoubtedly sharp signal about what the next battle after health care will be. The principles are difficult to argue against, since the financial system has become increasingly concentrated in a handful of top-heavy firms, and overlap between retail banking and more complex trading activities has not been reduced. In this situation, the specter of systemic risk is held back only by the precedent of a nearly-unlimited commitment by the U.S. Treasury and Federal Reserve to prevent such a disaster. Continue reading Obama’s Bank Rhetoric Misses the Mark Obama’s Bank Rhetoric Misses the Mark originally appeared on DailyFinance on Fri, 22 Jan 2010 15:00:00. Filed Under: Economy , JP Morgan Chase , Bank of America , Citigroup , Wells Fargo & Co. Permalink | Tweet this! | Comments

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Obama’s Bank Rhetoric Misses the Mark