Aug 30, 2012, 12:43 pm EDT
The outcome of the election is yet to be decided, but it’s clear who Wall Street is pulling for.
Just look at the numbers. Last election, President Barack Obama got around $16 million from the securities and investment industry, for example, which is $7 million more than GOP rival John McCain brought in.
This time around, though, things are slightly different. Obama has received a quarter of that amount — around $4 billion — from the same group, while Romney has nearly tripled the President’s lowered total. Read
Aug 30, 2012, 11:39 am EDT
A quick word of advice for anyone thinking of cracking jokes at someone else’s expense: stay away from microphones, even if you think they’re turned off.
Yahoo News’ Washington bureau chief David Chalian discovered this the hard way yesterday, after being fired for comments he made in front of a “hot mic” about Republicans and Hurricane Isaac.
More specifically, Chalian said that Republicans “are happy to have a party with black people drowning.” The comment was made during Yahoo‘s (NASDAQ:YHOO) live coverage of the Republican National Convention. Chalian made the comment near a microphone, not apparently aware that the microphone was turned on. Read
Aug 30, 2012, 10:14 am EDT
A Secret Service agent in Republican presidential candidate Mitt Romney’s detail left a gun on Mitt Romney’s plane Wednesday, according to an Associated Press article.
The gun was discovered in the airplane’s bathroom by a reporter, and was retrieved by a Secret Service agent. The plane was flying from Florida to Indiana.
A Secret Service spokesman indicated they were aware of the incident and were handling it internally. They declined to comment on who had misplaced their gun or how the gun had wound up in the plane’s bathroom. The agent involved in the incident was not on the plane’s return flight back to Tampa, Fla., where Romney will officially accept the Republican party’s presidential nomination tonight. Read
Aug 29, 2012, 2:39 pm EDT
“I want to talk to you about love,” Anne Romney began her well-received talk at last night’s session of the Republican National Convention.
But if the wife of GOP presidential candidate Mitt Romney gave the audience a warm, wet kiss, keynote speaker New Jersey Gov. Chris Christie followed with a bucket of ice on the delegates’ heads, telling them things they undoubtedly didn’t want to hear.
“I believe we have become paralyzed by our desire to be loved,” he declared. Read
Aug 29, 2012, 12:55 pm EDT
On the first full day of the Republican National Convention, where Mitt Romney was formally chosen as the Republicans’ presidential nominee and Ann Romney gave a speech introducing her husband, N.J. Gov. Chris Christie was also thrust into the spotlight again. And he did not disappoint.
Given the prime keynote slot at the convention, Christie came out swinging on behalf of Mitt Romney and against the Democrats and President Barack Obama. His speech was full of the tough love and rhetorical bluster that had many pundits suggesting he might be a good fit for Romney’s VP choice, which eventually went to Rep. Paul Ryan.
Here are some highlights of Christie’s speech to the RNC. Read
Aug 29, 2012, 11:28 am EDT
The Obama administration is continuing its “green” push, announcing new regulations today that will require automakers to almost double the fuel efficiency of their vehicles by 2025.
By 2025, new cars and trucks will have to get an average of 54.5 miles per gallon. The current standard is 28.6 miles per gallon. Requirements will be gradually introduced, with fines for automakers that do not meet the standard.
The move is an attempt by the Obama administration to reduce greenhouse gas emissions and fuel consumption. Fully implemented, the new standard should cut emissions from vehicles in half by 2025. It will also save consumers $7,400 in fuel costs over the life of a vehicle. Read