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With economy in shambles, Congress gets a raise PDF Print E-mail
Written by Staff   
Saturday, 20 December 2008 06:17
 With job losses at a two decade high and a slew of bailouts and tax increases on the table, Congress patted themselves on the back and allowed an “automatic” pay increase of $4,700 to each member, which adds another $2.5 million on the shoulders of taxpayers. What is even more ironic is …
 
Siena Poll: NYers Like Sen. Cuomo, Expect Sen. Kennedy PDF Print E-mail
Written by Staff   
Wednesday, 17 December 2008 15:47
 Caroline Kennedy staged her listening tour through Syracuse, Rochester and Buffalo. She met with the mayors to show her interest in the vacant seat of Hillary Clinton. Of course, Ms. Kennedy empathized this tour was not a campaign for the seat but to familiarize herself with the local…
 
Let's Ask Our OPEC Buddies For Help! PDF Print E-mail
Written by Staff   
Monday, 15 December 2008 19:30

As America falls deeper into recession, we need to call on our "OPEC Buddies" to help us out..

After all,last month Jobs report told record numbers of our fellow Americans are out of work. Millions of our fellow Americans will lose their jobs. Millions of Americans have lost their homes. Business vacancies are in record numbers.

 

ORAN, Algeria (Reuters) - OPEC ministers could make their deepest oil supply cut ever when they meet on Wednesday to combat shrinking demand, bulging stocks and a $100 collapse in prices.

For many in the Organization of the Petroleum Exporting Countries, up to 2 million barrels per day (bpd) must be removed to keep up with a slump in consumption that has knocked two-thirds off prices since July.

“We have to act – we see a very sizeable reduction,” OPEC Secretary-General Abdullah al-Badri told reporters on his arrival on Monday in this western Algerian city.

OPEC President Chakib Khelil agreed.

“Everybody is supporting a cut – I don’t have any doubt about it.”

Benchmark U.S. crude rose more than $3 a barrel in early trade to top $50 – still far from the “fair” price of $75 a barrel identified by Saudi Arabia, the world’s biggest crude exporter, at the end of November.

 
N.Y.'s age of uncertainty-Economic crisis, shuffled leadership leave state in limbo PDF Print E-mail
Written by Staff   
Sunday, 30 November 2008 07:24
 ALBANY -- Economic chaos and political uncertainty have arrived in New York at the same time, putting untested political leaders in positions of trying to deal with the state's worst fiscal crisis in at least 35 years.The depth of the economic problem was underscored this week when Comptroller T…
 
Dean Skelos ups ante with Gang of 3 Woos Dems to keep Senate in GOP rule PDF Print E-mail
Written by Staff   
Friday, 28 November 2008 05:03
 In an attempt to keep Republican control of the state Senate, Majority Leader Dean Skelos is wooing three rebel Democrats with a proposal to form a "coalition government."Skelos made the offer at a dinner meeting Tuesday night on City Island with the so-called "Gang of Three" - C…
 
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