Politics in America and Reality in Afghanistan
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Despite fading support from the public and Congress, President Obama will likely be asked for another increase in troops for Afghanistan. We look at some difficult options, on the battlefield and on Capitol Hill. Also, the White House proposes tougher fuel standards, and
a judge says a federal settlement with a Wall Street bank punishes the victims.
Banner image: Chairman of the Joint Chiefs of Staff US Navy Admiral Mike Mullen testifies before the Senate Armed Services Committee today in Washington, DC. Photo: Chip Somodevilla/Getty Images
White House Proposes Tougher Fuel Standards ()
In Warren, Ohio, today, President Obama signed the hoods of Chevrolets coming off the assembly line and told cheering workers that reinventing General Motors has been good for the economy. Acknowledging that it was long overdue, he launched "a new national standard aimed at both increasing gas mileage and decreasing greenhouse gas pollution for all cars and trucks sold in America." David Shepardson covers Washington for the Detroit News.
- David Shepardson: Reporter, Detroit News
Politics in America and Reality in Afghanistan ()
At his re-confirmation hearing today, Admiral Mike Mullen, Chair of the Joint Chiefs of Staff, indicated that commanders are likely to ask for another increase of troops in Afghanistan. But, after eight years, public support for the war is fading fast, and Democrats are suggesting that, if the President asks, they might have to say "no." Republicans, backed by militant neo-cons, insist that more force is the only way to win. What would "winning" look like? How long would it take? Will the White House have any options to seek common ground?
Judge Stuns Wall Street, Tosses Out SEC Pact with BofA ()
Executives at Merrill Lynch got $3.6 billion in bonuses just as their firm was about to be merged with Bank of America, but neither company told shareholders before they approved the deal. The Securities and Exchange Commission settled the case for $33 million. Yesterday Federal Judge Jed Rakoff said that fails to meet "the most elementary notions of justice and morality." Nell Minow is Editor at the Corporate Library and author of three books on corporate governance.
- Nell Minow: Editor, Corporate Library
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